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Updated 10 months ago on . Most recent reply

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Elijah Skinner
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Best state for house hacking if you could move anywhere?

Elijah Skinner
Posted

I'm curious to what everyone thinks.  Is there one area that is typically viewed as the best option for house hacking?  Are there a couple markets?


I know the consensus is "The best market is the one you're already in"  but I'm just curious.

If you could start over anywhere with a decent chunk of money and a solid house hacking strategy, where would you choose?

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Conner Olsen
  • Real Estate Agent
  • Austin, TX
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Conner Olsen
  • Real Estate Agent
  • Austin, TX
Replied
Quote from @Elijah Skinner:

I'm curious to what everyone thinks.  Is there one area that is typically viewed as the best option for house hacking?  Are there a couple markets?


I know the consensus is "The best market is the one you're already in"  but I'm just curious.

If you could start over anywhere with a decent chunk of money and a solid house hacking strategy, where would you choose?


Rule #1 of househacking is to like where you live. You can find cheap properties in every state. Personally I'd think more about quality of life you are looking for and if that market fits into your overall investing goals. For example: If you have an extremely high salary and low expenses you might not need cash flow and would perfer an equity growth market. On the flip side if an extra $500/month would drastically change your financial situation then go towards a more cash flow market.

  • Conner Olsen
  • conner@themoorheadteam.com
  • 702-521-0034
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