Choosing a Market to House Hack

[Christine King]

Hello! I'm a newbie, and am looking to get into my first house hack in 2022.

I have a remote job, and can work from anywhere... so how do I choose a market? 

I currently live in Cleveland, OH, but am not looking to stay here long term.

Should I purchase a duplex in Cleveland, because it is affordable and might be a good place to learn? 

Or should I look for an opportunity in a market with more potential growth? 

Being that I can work anywhere, choosing the right market is the thing that has me stuck right now.

[Caleb Barney]

Hi Christine, I'd start by doing some research on what you want the final outcome to look like. The good part about the Cleveland market is that it's affordable and a good cash-flowing market. But it depends on where you're looking and if you prefer to invest based on cash flow or appreciation. Other things to consider are how long you plan on holding that property and if you're moving after a couple of years, are you going to find a property manager to manage it on your behalf, are you going to try to manage from a distance, sell it, etc. Have you talked with a lender yet about what you're pre-approved for?