House Hacking Inner Loop Houston

[Zoabe Hafeez]

Does anyone House Hack in the Inner Loop?  My girlfriend and I would love to stay inside the loop and raise kids here, but we also hate the idea of paying for our own mortgage.  What can I say, we've been indoctrinated.  Does anyone do it or know people who do?  We personally are most interested in the Museum District, West U, Braes Heights, or Bellaire as my day job is at TMC but I'd love to hear stories from anyone.

[Holly Brown]

Hi @Zoabe Hafeez. I am currently house hacking a SFR + garage apartment in the First Ward/New Arts District and prices are still low enough in this area to get in at a more reasonable price. Current expenses are $1400 a month for PITI + utilities with medium term renting out the back apartment. It's an older home, so higher cap ex but when I move out, it should cash flow approx $1000 a month.

If you have any questions or need info, I’m also an agent and can run comps for you in the areas you are most interested in, which should help you get an understanding of price ranges in each pocket. 

Good luck! House hacking is a really great way to get started in the RE investing world, and I highly recommend it to learn by doing while also building wealth.