Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

13
Posts
5
Votes
Robert Ashline
  • Birmingham, AL
5
Votes |
13
Posts

House Hacking Question

Robert Ashline
  • Birmingham, AL
Posted

Hey guys, I am a 23 year old who is currently building my down payment fund for my first principle buy in Birmingham, AL. My plan is to find a small multi-family property and live in one unit while I rent the rest out, standard house hacking. I plan on using an FHA loan to finance my first buy, I'm open to using a 203(k) if the opportunity presents itself. However, I'm having trouble finding MFRs that meet my criteria as they are either extremely expensive or very run-down and located in war zones. Any advice on methods to refine my search? I'm using standard sites like Realtor.com and Zillow, I'm currently looking for an agent to work with as well. Additionally, my back up plan is to buy a three bedroom SFR and rent the rooms out if I can't find an MFR that meets my criteria, what is the general consensus of house hacking an SFR? Good idea? Bad idea?

Loading replies...