The Joe Dickerson Group
House Hacking
What is House Hacking?
House hacking is when you buy a multi-unit property, live in one unit, and rent out the other(s) to help pay down your mortgage and expenses. In the pricey San Francisco Bay Area real estate market, house hacking can help you get into a home you love while simultaneously building wealth.
Want to learn more about house hacking or try it out for yourself?
Recent articles for House Hackers
Frequently Asked Questions About House Hacking
We have a passion for helping people build wealth through real estate and one of our favorite ways to do that is through a strategy called house hacking. We’ve helped many of our clients purchase homes and benefit from house hacking. Over the years we’ve answered a multitude of questions regarding house hacking and we’d like to share some of our top frequently asked questions with you! So in this blog, we’ll answer some of
Is House Hacking Right For You
We have a passion for helping people build wealth through real estate and one of our favorite ways to do that is through a strategy called house hacking. While my wife and I have done numerous house hacks over the years, I’m the first to admit it’s not for everyone. So in this article, we’ll help you determine whether house hacking is right for you. We’ll look at things you should consider before house hacking,
What is House Hacking?
House hacking is typically the purchase of a multi-unit property with the intention of occupying one unit and renting the remainder in order to reduce the overall housing expense while simultaneously building wealth. That’s a mouthful! And it’s only one of many definitions. In my work with clients, typically we’re talking about the above definition, which said more simply, is living in a duplex, etc that you own while renting out the other units. Though
Why should I invest in real estate?
I love talking about investing in real estate with new or first-time investors in Oakland. What’s cool about real estate is that it nearly always fits investors’ goals and should become part of an investment strategy. It’s usually some combination of five main reasons: cash flow, appreciation, equity, leverage, tax benefits. Cashflow Real estate as an investment often produces income through rent. After subtracting expenses and mortgage payments, you’re left with cash flow. It’s a
Real Estate Lingo Deciphered: What’s a “Comp?”
From Ikea product hacks to painting kitchen cabinets and refinishing countertops, Americans are absolutely hooked on the DIY craze. There are some things, however, that only a pro should tackle and that includes determining a home’s current market value. In fact, a National Association of Realtors’ survey of for-sale-by-owners found that determining an accurate price for their home was the homeowner’s most challenging task. Pricing your home too high or too low are both disastrous
Why We Sold a Cash-Flowing Duplex in Oakland
Cash flow is a wonderful thing, and it’s one of the main reasons many people get into real estate investing. When my wife and I first started investing in real estate over a decade ago, our realtor at the time told us that, if we played our cards right, took care of our property, and held it long enough, we might be able to get it to be “cash flow positive” one day. We didn’t
