House Hacking using Mid term rentals

[Matt Szablowski]

Hi I’m a new investor that is a new Phoenix resident since January. I’m a travel nurse and would like to house hack my first investment property. Im looking for a 3-4 bed 2 bath home by furnishing and renting out each individual room. I’m seeking advice on what locations would be best to house hack and also would like to know what other investors experience has been like house hacking in the Phoenix area.

My price point is 400k or less and must include a pool. I'm open to a condo or townhome but I think a house would be best to avoid any hassle from HOA. I'm looking to be close to the middle of Phoenix so I'm close to as many near hospitals as possible. Based on what I'm looking for I think North Glendale and parts of North Phoenix are best suited for me. My plan is to hold the property and make cosmetic improvements so I could 1031 exchange it in the future. I would love to hear from anyone that's currently investing in those areas. What neighborhoods would you recommend and what areas to stay away from. Thank you in advance for any advice, I really appreciate it.

[Mason Weiss]

Hey Matt! Love the strategy, I think you should stay committed to a 4 bedroom property to give yourself 3 potential tenants to cover the mortgage and expenses. In Phoenix and Glendale, this gives you 6 properties on the market with a pool and in your price range right now. There are so few that I think you can look at them individually as they come on the market if you are committed to this buy box and then analyze that specific neighborhood.