Best market for first house hack to cash flow? FL, TX, AZ, UT, other?

[Kegan Scholl]

-22 years old

-$50,000 pre tax income from business this year

-80k in savings

-30k in investments

-pre approved for $350,000 (had to use parents as co-signers because I started business 2 years ago and didn’t make much first year)

Looking to get into first house by house hacking a 4 bed 2 bath renting out 3 rooms. Preferably stay for one year and find another house. Ideally want to break even or cash flow with the 3 tenants.

Now question is this: I was wanting to buy in Tampa, FL. I’m told taxes and insurance is lot and will rise each year and cash flow is hard to come by. So is there better markets to buy in (in big cities)? Or can I find something in Tampa? I’ve been interested in TX, AZ, UT, NC or anywhere in FL.

Also any advice for me is appreciated (save up more, focus on business instead, etc)

Any more info you need comment below! Thanks for advice.

[Jackson Harris]

Hey Keegan for the best return, I would say AZ. It is consistently ranks in the top 5 areas for real estate investing for a reason. 

There are multiple cities here in Maricopa County that would allow you to house hack and cash flow. I know a few investors that do it here in Tempe, Mesa, and Glendale - not to mention you can do it in Phoenix as well. 

I'd be happy to get on a call and discuss more about this market to get you a better idea of what to expect from AZ.