BRRRR vs House Hacking

[Osama Syed]

Hi All,

I live in CNJ and currently rent. Exploring my option for when my lease ends early 2022.

Option A: 

BRRRR (in or out of state) while continuing to rent in CNJ. Would like to find a BRRRR project with total all in of around 75k or less.

Option B: 

House Hack a duplex with FHA loan. I would like to stay in the CNJ area where duplexes are hard to find under 400k but am open to moving a little south. Would still like to live in at least a B class area with quality tenants if I have to live next to them for at least a year.

Would appreciate some insight, pros/cons of each one of my options and some areas I should focus on.

Thanks!

[Kayla Givens]

Hey, @Osama Syed! Whle I have not done the BRRRR method myself, I am an experienced house hacker and have found that to be a very easy way to get your foot in the door with real estate investing. If you're able to cash flow in your market while living there, that would be ideal but a lot of people see a HUGE increase in cash flow once they move on to their next property and house hack the next. Just my two cents! Good luck!