Seeking Insights: Phoenix House Hacking Market

[Michael Adamo]

Hello BiggerPockets community,

I'm exploring opportunities in the greater Phoenix real estate market, specifically in house hacking. Considering an inherited property in Los Angeles that could be rented for $6,000-7,000 monthly, and with monthly trips to Phoenix amid a child custody battle, I'm interested in understanding the current state of the Phoenix house hacking market.

If you have insights, experiences, or trends to share regarding house hacking in Phoenix, I would greatly appreciate your input. Are there specific neighborhoods, market conditions, or opportunities that make house hacking viable in the Phoenix area?

Your expertise will be invaluable as I navigate this decision. Thank you for sharing your insights!

Mike

[Michael Adamo]

Thank you for your replies and thoughts

@Randa Dehaan I have spoken to a lender to get things in order, but haven't chosen one that I'm moving forward with yet. I like your strategy of being near the colleges I was thinking of something similar. Everything seems so expensive 1million + around Tempe which is near ASU ..to be honest  im not trying to go that deep. I'm trying to be under $500k I'm not sure if today's market will allow me to obtain that. Pre-pandemic maybe ? But I think prices have risen so high in the Phoenix area that it's kind of scary to jump in. Atleast for me it is. 

@Sean Bozigian I would probably want as much privacy as possible but also looking for space. I'm comfortable living in one of the units but not an adu.