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Updated 10 months ago, 03/12/2024
House Hacking in state or Section 8 out of state?
I am brand new to real estate investing but I want to invest in my first property this year. I am based in Houston TX. I am looking to buy a quadruplex and house hack for the first year, here in Houston using MTR strategy renting to travel nurses. But my challenge is, from my research so far I am not seeing any properties that make sense or are close to hospitals, or are very expensive if there are any. I know I can invest out of state but I am ready not ready to house hack in another state at the moment since I have a family.
Another strategy I am looking into is section 8 investing. What would you advice, should I go ahead and start out of state investing with section 8 why I continue to pay rent or patiently wait till I find a property in Houston to house hack (This will take some time away from my goal of investing in a certain number of units this year).
Please share your opinion.
Thanks