House hack in November 2020 ?

[Brian Lieberman]

Hey everyone, I’ve been on a mission since January 2020 to move out of my rental in DC and into a house hack in Maryland by November 2020. In March, I moved out of my $1200/mo shared house in DC and into a $650/mo shared house in Gaithersburg, month-to-month (adding all of that savings to a down payment fund).

My question is: given the global pandemic and uncertain economy we’re in, would you sit tight a little longer and continue to rent, and see what happens in X months before jumping into a house hack?

Is the pandemic/economy making it difficult to find tenants for a house hack right now, and is this not a great time jump into this for the first time?

I have plenty of sales/digital marketing/management experience so I feel that I’m going to love being real estate, yet I just wonder if there are reasons I should be cautious about diving into these murky waters at this time.

I’m currently looking at 4-bedroom homes, $265k-$385k range and rent the other 3 rooms. I also began my pre-licencing work in January to get my real estate license this year, as I eventually want to move into real estate investing full time. Analyzing deals constantly and reading daily.

[Russell Brazil]

Ive had no issue finding tenants through this.

literally, every week that goes by the market is higher. Its insane out there right now. Every property Im selling is like $50k higher than it was 7 months ago.