Viability of House Hacking in OKC/Norman Oklahoma

[Joel Bullock]

Hi! I'm a new investor located in the Norman, Oklahoma area. Ever since I started learning about real estate, house hacking seemed like a perfect starting point as it has a lower down payment without having to add on the extra complications of partnerships or hard/private money. 

However, as I've talked more with other local investors and read forum posts from local investors, the overwhelming message I've gotten is that Oklahoma City (and from what I can tell Norman as well) is a SFH market, with multifamily having far too little stock and far too much demand from both in and out of state investors to be a viable strategy. With everything going on though I don't know if the market might shift to be more favorable to it.

I absolutely want to pursue house hacking if it's feasible, but I also don't want to mindlessly pursue it if the market doesn't support it. So I'm curious, what is your opinion on the viability of house hacking in OKC or Norman moving forward?

[Ben Scott]

Your house hack could be as simple as buying a 3bed SFH and renting out the other two rooms to friends or roommates. That's essentially what house hacking is; gaining equity while someone else pays your mortgage. Just an idea.