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Updated almost 5 years ago,
Better House Hack Opportunity: Arlington TX vs Avondale AZ?
A couple positions opened up internally for my work, one between Arlington and Grand Prairie TX, and the other between Avondale and Phoenix AZ. I've been a student of real estate for quite some time and feel like this is a great opportunity for me to finally be able to house hack a duplex/triplex/4plex. The prices I am looking at are approx $80-125k per unit, C+ or B- neighborhoods, and FHA loan.
Which area would be better for me to find MF units that will cash flow, or at least break even. I don't mind breaking even on rent as that alone I would be saving over $2.5k from my rent in CA.
I did some research and it looks like Dallas area is already too late, and there just aren't that many MF in that area. Houston is also an option but I did not find many MF deals there either in my budget but I don't live there so would like some input from those that do or invest. Avondale seems to have more opportunities, so I am leaning towards AZ.
Thank you