Using House Hacking with a Single Family home

[Joseph Castro]

Hi everyone, I have been evaluating some properties in the Oroville, CA for the house hacking strategy. I've found one to fit our student rental to small family niche. There is 2 source of job related income but 3 would be owners. We were exploring the FHA loan option or 203k loan options. I would be the only owner living on the property and was looking into renting rooms. Does anyone have any house hacking experience in Oroville market they could possibly share. I would greatly appreciate it. Thank you!

[Matthew Kwan]

HI Joseph, for FHA 203k loan, It's typically for owner occupied and it can be 1-4units ( (however 3-4 units you'll have to pass FHA SS Rule ask if you have questions)

-Rehab cost must be total $35k budget, anything over will require a HUD consultant with a management of fee ($1200-$1600) for them to oversee and coordinate with your general contractors. @Albert Bui @Carlos Valencia