House hacking in King County, WA

[Nicholas Shepherd]

Hello BP,

New real estate investor here, I mean brand brand new. My wife and I are in our early twenties, and we decided that we loved Seattle so much, we would move here from Chicago. Its been a little over 3 months, and we are already tired of paying rent for our tiny 1 bed apt. (aprox $1400) So, we decided that now is a better time than ever for us to own and invest. We've toyed with the idea of a fix and flip back home but never pulled the trigger. After reading around on BP and listening to the BP podcasts, we've decided that house hacking may be whats best for us. We like the idea of living in a home for next to nothing while renters pay down the mortgage. We are having trouble finding any property that meets the 1% rule, or any numbers that make sense to us for that matter. I know the market has exploded over the past few years and prices are high, but we believe its going to continue to rise so we want to hop on now. We would like to see what has worked for investors in this area over the years. We would absolutely love any tips from seasoned Seattle/ King county/ and surrounding area multifamily investors. 

Thank you BP members, we look forward to being a part of the community.