Successful househacking in Houston?

[Joseph Anderson]

I’ve been listening to the podcasts and I’ve heard many people state they got started by house hacking a small multifamily, usually a duplex. In most scenarios the unit they rent out pays the mortgage or reduces their share of the mortgage payment substantially. The majority of the small multifamily properties I see are in the Third Ward area and are $300-350,000. At 5% down that’s a monthly payment around $2,500, and at 20% down still around $2,000. With rents in that area around $850-$1,250 a unit this would still leave you with a sizable payment on the unit your living in. Has anyone had success doing this in Houston, specifically the Third Ward area? Are there other areas you are successfully house hacking? Look forward to the responses!