Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
Buying & Selling Real Estate
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 4 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Josh Abrams
  • Mount Juliet, TN
3
Votes |
7
Posts

Middle Tennessee House Hacking Market

Josh Abrams
  • Mount Juliet, TN
Posted

Hi, I'm currently looking to purchase my first property and house hack in the middle Tennessee area (Smyrna/Murfreesboro) but am running into some problems. I'm open to SFH and multifamily, but in the middle Tennessee market for multifamily, it is tough to find anything even remotely close to a deal. Most of the deals I am analyzing are single family homes - 3bed 2+baths.

Like I said I'm looking to live in one and have roommates who pay rent to cover some or all of the mortgage. The problem I'm running into is that although when living in the property, I'd be able to pay less for my mortgage than I am currently paying for my rent in Mt. Juliet (assuming all other rooms are rented out), I am having trouble finding properties that will cash flow when I move out in a year or two. My goal is to house hack a property every few years, but if a property won't cash flow after I move out, it wouldn't make sense to do so, right?

I'm wondering if anyone is seeing the same thing in the middle Tennessee market, and if so, does anyone have any advice? I don't want to rush into purchasing a property if it won't make sense down the road, but I am also tired of renting and would rather put my money into my own property and build up equity.

Any help would be greatly appreciated. Thanks!

Loading replies...