Earlier this year, I wrote this post on finding a property to live in, but also renting part of it out.
Here’s another example in the East Bay in the much coveted Rockridge neighborhood literally a 5 minute walk from BART.
While I have been borderline on whether to sell my place or rent it out, this is another reason to sell. I need the money so I can buy a place like this.
Top Level: 2 bedrooms, 1 bath
Lower Level: 1 bedroom, 1 bath
Total monthly property mortgage with 20% down = $3,000.
Lower level currently rents for $2,500 a month.
Net-net, you only pay $500 for your mortgage.