Category:

HomeVesting

East Bay HomeVesting Investing Uncategorized

Free Educational Real Estate Seminar for 1st-Time HouseHackers

In this Bay Area market, HouseHacking is THE financially savvy way to buy your first home!

What is HouseHacking? It’s buying a 2-4 unit building as your primary residence, living in one unit while renting out the others for additional income. Housing affordability is the biggest social and economic issue of our time. HouseHacking can get you into your own residence, while others help pay your mortgage! This educational seminar offers practical tips, tricks and tactics for financially-minded 1st-time homebuyers from the experts in Real Estate, Tax Planning, and Mortgage Lending.

Guest Speakers:
Erich Huffaker, Real Estate Consultant in HouseHacking
Greg Herman, Tax Accountant and Deduction Detective
Jim Valler, Mortgage Advisor and Lender Extraordinaire
Detra Harris: Real Estate Investor & Syndicator, Affordable Housing Advocate

Date:
Saturday August 25,
1-2:30PM

Location:
BHG Reliance Partners
3923 Grand Ave Oakland, CA 94610
Hosted by: Strive Wealth Builders
http://strivewealthbuilders.com/

July 30, 2018

East Bay HomeVesting

Use MultiFamilies to Create Wealth!

written by Erich Huffaker

July 4, 2018

HomeVesting

HouseHacking Sheet – 3236 Market St Oakland

written by Erich Huffaker

Househacking Analysis
3236 Market Street, Oakland CA
Note: all figures are non-binding estimates

Check out the latest HouseHacking analysis of this triplex in West Oakland that’s been sitting on the market for 40+days!
The post below estimates both your down payment, and what your money out of pocket expense would be, after subtracting rent from mortgage under two situations: 1) 3.5% down (FHA), and 2) 20% down (conventional).

		Single Family Home (for comparison only)	Triplex, FHA (3.5%)	Triplex, 20% down
Purchase Price		$750,000	$750,000	$750,000
Total Down		$36,000	$36,250	$160,000
PITI		$3,858	$4,988	$3,858
Estimated Monthly Payment (PITI – Rent from non-occupied units)	AVG Rent per unit
RentoMeter suggests following average rent: $1666- $2400	$1,500		$3,488.29	$2,357.89
	$2,000		$2,988.29	$1,857.89
	$2,500		$2,488.29	$1,357.89
Note: All figures are non-binding estimates meant to target properties for additional follow-up

June 6, 2018