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 over 3 years ago, 05/29/2021

User Stats

10
Posts
5
Votes
Andy X.
  • New to Real Estate
  • Plano, TX
5
Votes |
10
Posts

House hacking: established vs up and coming?

Andy X.
  • New to Real Estate
  • Plano, TX
Posted

Hello BP community:

I am a rookie who's looking to do my first house hack with multi family units. I have a family of 3 kids so we need to pick a decent school district which up the purchase price. My question is - would house hacking be better with established neighborhood (Frisco, TX) or up and coming (Prosper, TX)? We are looking to do 3% down, owner occupied for 1 year and move on to the next but needs to stay in the same school district to minimize the impact to our kids when moving from one house to the next. We don't expect to cash flow in the first few years due to school requirement and hot seller market. In this case, would it be better to do house hacking in the established neighborhood because the rental value might be higher (quicker COC) vs up and coming with lower renter but equity build up could be bigger because of lower entry price.

Would appreciate your advice and pointers if I missed anything. Thanks.

Loading replies...