Best Market to House Hack - Starting out

[Sarah Kartsher]

Does anyone have an opinion on which market would be better for starting out on a house hack? For the past year I have been looking on the MLS in Phoenix for a multifamily to house hack with little to no luck with good deals. There are not many multifamily properties on the market today in Phoenix.

On the other hand - Columbus Ohio(where I am originally from) has many duplexes on the MLS in better areas than in Phoenix and are about the same price.

After doing a quick and dirty analysis on a few properties - comparing Phoenix to Columbus it seems like Columbus has better numbers on Duplexes. 

Would you agree?

[Brian Adzadi]

@Sarah Kartsher

I absolutely agree with you on that one. I personally have been eyeing Toledo, Cleveland, Cincinnati and Columbus as potential investment property markets. Unlike you however, I will not be house hacking. The purchase price for some of the properties there are so down right cheap. Since you are from that area, you should know which neighborhoods are safe and in demand.

Right now, the Midwest is the next potential real estate boom. Just follow @Engelo Rumora and @Natali Morris on what they have been doing and seeing in that market place. Unfortunately its not as sunny as Phoenix but it sure is affordable and the cash flows are insane.

Wish you all the best on your journey.