Bay Area · Member since 2016 · 82 posts · 55 votes
Folks in the bay - would love to hear some success (and failed) stories on how you were able to house hack using FHA and/or any other creative ways to finance.
It seems impossible but of course, impossible is nothing.
Extra points if you were able to do it with a partner as well!
My plan was originally to use my FHA or a low downpayment conventional loan to get a house with a spare bedroom and a detached garage which could become a ADU unit - Oakland's only restriction I can find is that one ADU unit per lot.
But the market is competitive so it is hard. On the bright side, rents are also pretty high so I'm assuming $850-$1200 per bedroom when I am able to get a home.