Is anyone house hacking in Knoxville tennessee?
My wife and son to be 2 sons will be moving back to Knoxville within the next year. I would like to house hack. Has anyone had success in this are with that strategy? Thanks
I know several people. Most are taking it slow, doing projects on the weekends and/or when time permits. Knoxville has a large inventory of house hacking potentials... from minor cosmetic rehabs to total gut rehabs.
@Matt Castle are they doing single family homes with basements? Renting rooms? Or are there duplexes around?
All single family homes. I think one has a basement but don't know for certain.
No one in the group I mentioned is renting rooms.
Only one bought for a semi-fast flip, but he's single, no kids, etc. He can be more mobile than most others. He will be in & out within a year.
One family bought b/c they could buy more house for less money. Cosmetic rehab only. They intend to flip it after 2 years to avoid short term capital gains taxes. Probably do it again but want to get into a top school district.
One bought b/c he and his wife are DIY folks and love weekend projects. Last I heard they were putting up a back deck.
We have duplexes but the inventory is tight. If you see something you like, probably best to put in an offer quickly.
@Matt Castle thanks I appreciate the input