Househackers, what markets has it worked for you in?

[Vincent Crane]

Just curious to see what markets you all found where the numbers work.

[Peter MacKercher]

@Vincent Crane

I've helped a number of clients house hack in St. Louis and the surrounding areas this year. There are a lot of 4-family properties around here that make it a great strategy for your first investment property. I've also helped another client get a duplex, but their goal was only to live for cheaper than they would renting. The result is that their monthly living costs are comparable to some of the roughest areas in St. Louis but in one of the best.

House hacking really works or breaks based on what % occupancy a property can cash flow at, and, of course, what your goal is in house hacking. If you're defining success as cheaper living costs, then that's easy to achieve. If you want to clear $500 a month at 75% occupancy, well, that's harder, so the bit about "where the numbers work" depends on what numbers you're after, too.