House Hacking in Austin Texas

[Dllen Clark]

Hi Everybody,

I am a brand new investor moving to the Austin area for work. I have recently discovered Bigger Pockets and quickly became enamored with the idea House Hacking. I would love some advice on evaluating deals with a house hack. I am looking for a 4bd 2 bath SFH. Most of the deals I am looking at, I would still be paying about $800-$900/Month in rent, and that doesn't include reserves. With that being said is it still worthwhile to house hack? Does the rent savings help offset not living for free? Is it possible to find a house hack that will enable me to live for free in this market? Any creative strategies I can implement?

Any help would be greatly appreciated!

Thanks!

[Nicholas Coulter]

@Dllen Clark Totally still worth it. When you calculate your ROI you can look at a few things, rent savings/appreciation/loan paydown.

The house may also not start off making money like mine did in So Cal but after a year rents go up and boom your much more comfortable in your cashflow especially when you move out. If the HH strategy works in So Cal it can work anywhere in my opinion!