House Hacking in DMV: Rent-by-room vs Traditional Multifamily

[Ahmed Seck]

Hello BP family! My name is Ahmed Seck and I am an aspiring 20 year old entrepreneur in Maryland. After reading a plethora of  books and listening to countless BP podcasts, I am ready to take ACTION! My goal is to acquire my first House Hack before September 10, 2020. I am currently at a crossroads in deciding whether to pursue a traditional house hack (duplex, triplex, fourplex) or the Rent-by-the-room strategy (Single Family Residence). I would love to hear the opinions and insights from investors in the D.C., Maryland, and Virginia (DMV) areas as to which house hacking strategy they have had the most successes with in the DMV as well as any tips and warnings for new investors starting out. I’d appreciate any advice I can get. Thank you in advance!