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Updated over 8 years ago on . Most recent reply
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Multi-Family House Hack
Hello BP Community,
Myself and my wife are looking to house hack a multi-family home (2-4 units) for our first home purchase. We currently live in Houston, TX but are open to moving to other parts of the country if we are able to find a decent multi-family home. The problem I am finding is that most multi-family homes seem to be in less than ideal shape and in less than ideal neighborhoods from what I am seeing. I am looking for at least one of the units to be a 2 bed/2bath. Price range is $250k and below. Can anyone suggest possible locations or advice on finding one of these properties to purchase for owner occupancy?
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I occasionally browse redfin or realtor.com for areas that I dont have access to the MLS. You can find what your looking for in a lot of mid-size cities in Texas. Im in the Austin Area and you might get lucky at that price, but you will need to do work on the property.
Take a look at the Waco, Temple, Belton area. You should be able to find properties in that price range that do not require too much work.