Is anyone house hacking in Knoxville tennessee?

[Chris Acker]

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

[Matt Castle]

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. 

[Chris Acker]

@Matt Castle are they doing single family homes with basements? Renting rooms? Or are there duplexes around?

[Matt Castle]

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. 

[Chris Acker]

@Matt Castle thanks I appreciate the input