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Updated almost 4 years ago on . Most recent reply
Newbie looking for a good househacking market
Hello BP fam,
I have the ability to move anywhere to househack- I've looked primarily at Ohio but have found that a lot of multifamily homes are either expensive or in pretty rough areas. Anyone have any market leads with safe + lower priced MFHs to househack? I'd like to pay around $500k for a 4plex in a market that is not exploding with cash offers (like Dallas).
I have a personal deadline to close on something before June 30, when my lease expires. I'd love to live on the outskirts of a national park so I can do more short term rentals in the area. Any leads or pointers are much appreciated!
Most Popular Reply
@Jacob Repreza this is a good point. My budget has been refined down to $200k! Since posting, I have encountered more projects I want to do, so I need to preserve my cash flow. I am also looking for a market where I can use traditional financing with low percent down owner occupy strategy. Ohio is still good for this, but open to other markets as well, especially with up and coming short term rental market.
Thank you to @Mitch Huffman @Marc Rice, and @Dustin Allen for the helpful tips. I found a house near Cuyahoga Falls that could work. Offer submitted, seller considering. Still on the hunt in all three cities honestly, but we liked Cleveland the most for the national park and the easy airport access. Still weighing the options.