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.
General Real Estate Investing
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 over 4 years ago on . Most recent reply

User Stats

747
Posts
830
Votes
Brandon Rush
  • Real Estate Agent
  • Portland, CT
830
Votes |
747
Posts

House hack options in Connecticut???

Brandon Rush
  • Real Estate Agent
  • Portland, CT
Posted

Hello my friends, 

Looking for some advice for house hacking options. Yes I know there are similar post on BP, but I just feel like typing tonight.

 I currently live in Danbury, CT. My current house is prepped and ready to hit the market sale but I am looking for a spot to house hack first. The Danbury market is very hot and picking up a property here would off set my expenses but not significantly. On top of that, the numbers don't work for when I leave that for the next house hack. Basically Danbury is too damn expensive. Specifically, I am looking to find a 3-4 unit property. 

After long talks with the wife over the last few weeks, here are a few options we thought of:

1) Rent out out a room in our current home and stay put for a little longer. Unfortunately we have a single lane driveway and my neighborhood is not fond of people parking their cars on the street for long periods of time. We are thinking of digging out an additional parking spot for the roommate. 

2) Move to the nearest affordable town that offers 3-4 units. Most likely this would be Waterbury, somewhere along the valley or Bridgeport. This would take us further away from both of our jobs as we would both have a 1+ hour commute with traffic. But, if this is what we have to do, then we do it.

3) Move further out such as Bristol/New Britain, pickup a 3-4 unit and deal with the super long commute for a least a year, then see if we can get closer on the next house hack. If cash flow is really good, we could rent a room somewhere in Fairfield County which we could use during the weekdays to avoid the long commute. Ha, we even considered buying a small RV which we could drive into Fairfield County during the weekdays, sleep in it and return during the weekends or whenever needed.

No matter what we do, the goal is to house hack 3-4 units over the next several years and we are ready to get started. 

Anyone else have any creative house hack ideas or personal experiences they want to share???


Thanks in advance for your help!

Most Popular Reply

User Stats

222
Posts
134
Votes
Cameron Norfleet
  • New Haven, CT
134
Votes |
222
Posts
Cameron Norfleet
  • New Haven, CT
Replied

I think you should keep all of those options open. So at this point, start looking at properties in Waterbury, New Britain, Bristol and anywhere else you're considering. Make offers, once you get a deal accepted,  then you can pivot to whichever aforementioned option makes the most sense. 

  • Cameron Norfleet
  • Loading replies...