To house hack or not?

[Jesus Lopez Jr]

So I've been contemplating house hacking our next property and renting out the current one we live in now. With interest rates so low, I've been really tempted to pull the plug and find our next home (for a year). Currently live in Goodyear, AZ and the market is HOT, house are flying off within a few days. I really want to start building our rental portfolio and think that house hacking is the best fit for us at the moment, but just not sure how risky it would be to do it at the moment. Our current home would cash flow a pretty good amount, the only thing is finding a decent priced home to move in to. Has anyone house hacked successfully during the market right now?

Would really like to hear what everyone's experience house hacking has been like this year? Any insight on why it is or not a good idea to do it during these times...

[Will Fraser]

@Jesus Lopez Jr brother I cannot think of a single valid reason for someone WILLING to house-hack to choose not to.  You're not committing to it for life or a decade or even a few years:  just one!

I walked into a house-hack about 1.5 years ago that allowed me to buy an eventual 100% annual Cash-on-Cash return with my capital, live for less in the meantime, and learn more about property management of small multi's from an inside view.  

Thinking of these results or anything similar, I can't think of a reason not to transition into whatever comes next through a house-hack.  Then when you layer onto this the awesome social benefits we have enjoyed from it, it's a no-brainer for me :)