House Hacking in Phoenix, Arizona

[Robin Custodio]

Hey Bigger Pockets Community!

I first heard about Bigger Pockets from my close college friend who is a huge fan of this platform. He put me onto their podcasts and I found house hacking to be so interesting! I plan to move to Phoenix, Arizona from Indianapolis, Indiana at the end of June. I plan on house hacking my first property and renting 1 or 2 rooms. I'm looking into a condo or townhouse. Is it smart to invest in a condo or townhouse as my first property? Is it worth the investment for the future?

[Melanie Johnston]

Hi @Robin Custodio let me be the first to welcome you to BiggerPockets!

As far as the best way to house hack, it depends on your budget. Househacking a nice condo or townhome could be a great option if the numbers work out.

Knowing your budget will also help you narrow down the areas of Metro Phoenix that would work best for you.

All types of properties have appreciated in our market, including townhomes and condos.

Speaking to a lender who works with investors will be the short track to knowing what you are looking for. If you need recommendations for local lenders (some who also invest) I would be happy to share that with you.

Our market is moves quickly, thanks to limited inventory, but there are always opportunities out there!

Melanie