Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
![Madeline J.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/507645/1621480032-avatar-madelinej.jpg?twic=v1/output=image/cover=128x128&v=2)
Portland, OR vs Minneapolis, MN for house hacking
Hello, I currently work and am in grad school in Portland, OR, and am planning to move back home to MN in a little over a year.
There is a 3bed/2.5 bath townhouse for sale in outer SE Portland for sale (probably would be considered a "C" neighborhood but is hip and property values trending up) that I could house hack with an FHA loan and live for only about 200 bucks a month excluding repairs and vacancies (the rental market is hot and the property was built in 2007 so I am only including P&I, MIP, taxes and insurance in this equation; property has no HOA dues). Would something like this be a great opportunity or not necessarily worth my time at this point?
I ask because my other option is to keep saving money and house hack when I get back to MN in a little over year. In Minneapolis rental prices are lower as are home values. Thoughts on what would be a better option?
Thank you!
Most Popular Reply
![Jordan Moorhead's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/342976/1647142305-avatar-jmoorhead23.jpg?twic=v1/output=image/crop=2400x2400@0x135/cover=128x128&v=2)
Minneapolis' housing market is nuts right now. I just saw a home in the Longfellow neighborhood sell for $300k in less than two weeks. The home was in less than stellar condition.
Sounds like your will be in a hot (overpriced) market wherever you go. Might be a better idea to keep saving money and Airbnb your apt whenever you aren't in it. If you buy that home I doubt you will be able to pick up another in Mpls soon.
Did you run the perspective home through the BP calculator? I've been using it a lot while looking for my first deal and it's helped a ton.
I look forward to networking when you get back to Mpls!
- Jordan Moorhead
- [email protected]
- 512-888-9122
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/1559/1720622964-company-avatar.jpg?twic=v1/output=image/contain=65x65)