New RE Investor in DFW

[Jon Young]

Hi BP Community!

I am currently looking to buy my first property in the DFW area (Plano,Frisco,Allen) and am looking to connect/hear from others. 

It does not seem house hacking is possible in this market without renting out spare bed rooms (which is not an option). Am I completely wrong on this? 

While I am wanting to buy a property in this area within the next 6 months rather than rent, I’m lost on if I should HH or look for a distressed single family home I can rehab while I live in it to force appreciation this way?

Would love to hear everyone’s honest thoughts!

[Joe Funari]

@Jon Young What are you looking to spend in these cities your interested in? Because if your house hacking I recommend you purchase a 3 bed, 2 bath, 2 car garage. Its the most common build regardless of city your looking. And easier to obtain both sold and rent comps once you finish the house hack and move onto the next one. You will spend a lot more for these three cities. I would recommend you expand your search area as well depending on your budget. I will be happy to help with your search too. I can also recommend a fellow investor/lender and a hard money lender too depending on your exit strategy. Hope this helps.