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Updated about 1 year ago,

User Stats

14
Posts
2
Votes
Kip Werking
2
Votes |
14
Posts

Looking to start house hacking with a multifamily in a different state

Kip Werking
Posted
I have the down payment ready for a 5% conventional loan and am pre-approved for roughly $550k.

My goal is to move out of my current SFH in Utah, rent it out for about $3k/month (covering most expenses), and move into a multifamily that has enough renters to cover expenses or even cash flow. The more cash flow the better.

I have a wife and a son, so I need a low COL area to get enough space to make this work.

I've looked at properties like this:

https://www.zillow.com/homedetails/722-Rocklick-Branch-Rd-Ch...

And this:

https://www.zillow.com/homedetails/4023-Floyd-Blvd-Sioux-Cit...

I'm wondering where I can go in the entire U.S.A. that would maximize my cash flow at roughly my price point, keeping in mind the above factors.

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