Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
First-Time Home Buyer
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

6
Posts
5
Votes
Chelsea M.
5
Votes |
6
Posts

House hacking anywhere in the US - Where would you go?

Chelsea M.
Posted

Hello! First time posting, long time lurker. 

Within the next 7 months, my partner and I are looking to purchase a duplex or triplex - with a 375k budget (on the high end). We plan on putting 10-20% down. We both work remotely and can go anywhere. We want to consider appreciation rates, income/state taxes, quality of life, and extreme weather. Our goals is to generate cash flow while ideally being in a location that appreciates well. 

Areas considered so far:

Cleveland, OH: Great home prices, but the income/state taxes are high, and unsure how we will handle the 4 months of snow every year. 

Huston, TX/Tampa, FL: No income states are great, statically better appreciation, but the hot humid weather and hurricanes are holding us back. 

Memphis, TN: Another no income state, but high crime/poverty rates, with higher property taxes.

We haven't ruled anything out and are a little overwhelmed with all of the options. We would love some input! Where would you go? 

Most Popular Reply

User Stats

897
Posts
547
Votes
Jared Hottle
Agent
Pro Member
  • Real Estate Agent
  • Cedar falls IA Waterloo, IA
547
Votes |
897
Posts
Jared Hottle
Agent
Pro Member
  • Real Estate Agent
  • Cedar falls IA Waterloo, IA
Replied

I think one of your main problems is having so many options. Sounds great but then you can overthink and always 2nd guess. Personally, I say have some fun with it. What things do you like to do? Maybe go in a region that has those things. It could be a really fun couple years if you househack for a year in a place and move to another one. Awesome seeing that you are using your competitive advantage of pure remote work to build a real estate portfolio!

  • Jared Hottle

Loading replies...