House Hacking Vs. Live-n-Flip

[Michael Storch]

Hello All,

This is my first post on BP and it comes after I just finished  reading  "How to Invest in Real Estate" by Josh and Brandon. I have narrowed down my potential real estate interests to either house hacking or live-n-flips in the Raleigh-Durham area in North Carolina. This will be my first go around in real estate and I am very much in the learning phase of the journey right now. 

I am 23, and I am going to be moving to the area in early 2023 after I finish my graduate education at UMich to be closer to my partner that is starting at UNC. I have been doing a decent amount of research about both strategies but my partner is concerned that I will end up spending all of my time outside of my W-2 fixing the house for the live-n-flip strategy. For the house hacking I am just having a hard time finding deals in the area due to a seemingly limited supply which is why I am leaning towards live-n-flips. I wanted to know if people have stories or advice or knowledge about doing successful Live-n-Flips without it consuming your life?

More specific questions like how long does it take to rehab certain parts of a home? How much work should I do myself versus hiring someone else? How should I find deals for live-n-flips? Etc. 

I really appreciate the help in advance!