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Updated almost 5 years ago,
House Hack vs. Out of state investing
Hello all. Looking for some opinions here. I've been reading for a while and listening to the podcasts. Im about to finish the book on rental property investing today! I am 23 and have saved up 80k for a down payment. I live in Seattle, WA and have enough for a downpayment on a house nearby so that I could house hack. On the flip side I could also invest back in my home state of MI and buy 4-plexes for 200k. I am planning to move in ~2 years (maybe TX?), so house hacking would be short term.
So here is the question. As a first time investor, am I better off house hacking and putting all of my eggs in 1 house which I can learn to manage (with poor cashflow), or buying multiple properties back in my hometown where cashflow is significantly better and using a property management company. What factors should I consider, when deciding between the two. Either way, my 80k is going into houses of some sort. Just have to decide where, and how many to start with. Thanks in advance!