Hey! I have a friend looking to house hack in Fort Lauderdale area. Is it possible and what expectations should he have? He is graduating soon and planning to get started in real estate. Let me know what advice you have!

As Rick said, it's possible everywhere. The main "goal" of house hacking is subsidizing or completely eliminating your housing expense through renting out other portions of your home. The better deal you find, the closer you can get to living completely free, or even cash flowing while you're living there. What people tend to think is that you can just buy a move-in ready property at top dollar and expect to live for free. That's rarely the case, That's why the focus always needs to be on deal finding. Especially if you want to be a RE investor long term.

You can house hack anywhere. The concept is to live there while tenants help pay the bills. I think the bigger question is what are the long term goals? Also keep in mind you make real estate in four different ways:1. Cash flow2. Appreciation3. Loan Buy Down4. Tax Write OffsSo even if you aren't getting the positive cash flow, you are potentially making it up in the other ways.

Hey Tanner. Fort Lauderdale is definitely a good start for anyone's real estate journey. One of my high school buddies actually house-hacked there back in 2019. Considering how much the area has appreciated, it may be tough for your friend to cash flow with current interest rates. However, Fort Lauderdale's rent has skyrocketed over the last three years and the demand continues to rise. If your friend is ok with breaking even on his mortgage and not concerned with cash flow, it's a great way to get your foot into the South Florida boomLet me know if you have any qs

House Hacking Possible in Fort Lauderdale Area? House Hacking Possible in Fort Lauderdale Area?

Skip to content

Quick search links

Find an Agent Find a Lender Hard Money Lenders Podcast Books New York

Back

Pick markets

Market Finder - NEW PRO Picking a Market Workshop PRO Picking a Market Worksheet Top 100 Cash Flow Markets Market Insights - Sunbelt Region

Market finder

Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent to price ratio, and more.

Pick Markets

Back

Find deals