Residential Multi-Family: Financial Basics
If you're considering buying a residential multifamily property, it's important to carefully evaluate the financials to ensure that it's a sound investment. By understanding the key financial metrics and ratios, you can make an informed decision and avoid potential pitfalls.
Accessory Dwelling Units (ADUs)
If you're a homeowner in California, you may be considering building an accessory dwelling unit (ADU) on your property. ADUs, also known as "granny flats" or "in-law units," are small, self-contained living spaces that are built on the same property as a single-family home. They can provide a number of benefits to homeowners, including additional income, flexible living space, and cost-effective square footage.
First Time Home Buyer
If you're a first-time homebuyer in San Diego, congratulations! Buying a home is a big milestone, and it can be both exciting and overwhelming. As a real estate agent in San Diego, I have helped many first-time buyers navigate the home-buying process, and I want to share some tips to make the process as smooth and stress-free as possible.
House Hacking: A Quick Overview
What is House Hacking?
House Hacking is a phrase coined for the strategy of renting out a portion of one’s primary residence in order to offset a portion of the mortgage and property expenses. While the idea itself is nothing new, its popularity has increased significantly in recent years as housing affordability continues to dwindle. In parts of the country such as parts of the Midwest or the South, is it totally possible for a buyer to purchase a property to house hack and entirely offset their mortgage. In higher cost areas such a Southern California, particularly San Diego, the expectation is to be able to offset a significant portion of the mortgage payment.