Silverwood Properties, Investment and Residential Real Estate

Guide

House Hacking 101

This guide will walk through the basics of house hacking for anyone new to the idea. Ken is putting together the full write-up — here's the shape it will take.

What House Hacking Means

This section will define house hacking plainly: living in one part of a property while renting out another portion to help offset your housing costs, whether that's a unit in a duplex or triplex, or a home with a rentable ADU.

Common Property Types

This section will cover the property configurations Ken sees most often in Northeast LA — duplexes, triplexes and fourplexes, and single-family homes with an existing or addable accessory dwelling unit — and how they differ as a starting point.

How the Numbers Work

This section will explain, conceptually, how rental income from the other unit factors into your monthly housing cost, without assuming any specific rent or purchase price — every property and every loan is different, and Ken will walk through the real math with you directly.

Financing a House Hack

This section will introduce the general categories of owner-occupant financing buyers typically ask about for a multi-unit purchase, at a high level, and note where the details are worth a direct conversation with a lender and with Ken.

Risks and Responsibilities

This section will be honest about the other side of house hacking: becoming a landlord to your neighbors, ongoing maintenance, and the tenant-law considerations that come with renting out part of a property you live in.

Is It Right for You?

This section will point toward Is House Hacking Right for You? for a more personal, self-assessment take on the same question.

Talk to Ken About House Hacking

Twenty years of Northeast LA multifamily and house-hacking transactions means Ken has likely seen your situation before.