House Hacking in Madison

[Joshua Filkill]

Hi everyone!

I will be moving to the Madison area upon my graduation in June. I am not familiar with the area at all, but I do want to start investing there as soon as I can. What are some good neighborhoods in the Madison area for house hacking or investing in general? If anyone has done a house hack there I'd love to hear about your process, what strategy you used and how everything went. I'm also interested in possibly using the BRRRR strategy, so any advice on that would also be greatly appreciated. Thanks!

[Jack Medford]

@Joshua Filkill We've also got a virtual meetup by fellow BP members that meets every other Wednesday. Details for the next meetup can be found here.

The west side of Dane County provides a lot of options for house hacking. Verona and Middleton are on the higher end (price-wise) but also considered highly desirable for their school districts. Fitchburg, Mount Horeb, Oregon, and Cross Plains also provide nice potential without being too far away. I'm personally in Mount Horeb and have come to love the community!

Madison provides a ton of options as well. The city is laid out by East and West, and since you're working in Verona, I assume you'd want West. In general terms, the East is more affordable, but the West still has plenty of "affordable" options. Just depends on your budget and how close to your work you'd like to be. 

Last thing I'll say... I produce data reports for real estate investors/professionals and just released my 2021 Market Outlook where I break the county down by its 6 regions. If you'd like a copy, let me know and I can either dm or email it to you.