All Forum Posts by: Bob Bissman

Hey BiggerPockets,

I am in search of an investor friendly agent in Brevard County, FL to help me out with finding my first house hack.

Someone with credentials and past history of helping investors with house hacking.

If this is you, please shoot me a message!

- Bob

0 Votes

Quote from @Scott Schuetz:

@Bob Bissman I agree it’s great advice to purchase a 2-4 unit. However, there is a massive inventory shortage of these properties for sale in our area. Today in Brevard county, there are 24 of these listed on the mls. Only 9 of these priced below $500k. This is for the entire county (there are zero for sale in Palm Bay)

I might be biased, but I still think Brevard County is one of the best places to live in Florida and most people predict continued growth both economic and population. My suggestion would be to find a single family home close to your in laws and move forward with your house hacking plan. Also, keep your eye on new construction. Builders are buying down rates making the payments much more attractive.

That is all great advice, Scott!

I am happy to connect with an investor that is knowledgeable about Brevard County.

I believe that this is the direction that we will ultimately go, so thank you for the insight!

2 Votes

Quote from @Vitaliy Volpov:

Hey Bob!

First, congratulations on the newborn! My wife and I welcomed our daughter 16 months ago and it has been a life changing experience to say the least.

I don't know the Florida market, so I can't really speak direclty to your questions and I will leave it up to others here in the forums who do. But, I would encourage you, if possible, to buy a 2-4 unit as opposed to a single family to house hack. I know that there are a lot of people on Biggerpockets who have been successful with house hacking single family homes, usually using a rent-by-room strategy. But, to me, that seems like an unnecessary sacrifice of personal space. I am sure that your girlfriend would probably prefer to have your own space, especially with a newborn!

My first house hack was a 2-family. If you can find a 3-family or a 4-family that is reasonably priced, comfortable, and in a reasonably good location, that would be even better. It is possible to cash flow with a 4-family even when you occupy one of the four units. So, that would be a complete home run in my opinion. With that said, if that's not possible in the areas you are considering, even getting into a single family with a separate in-law apartment, would be preferable to a straight single family house hack. This is just my two cents. Feel free to take it or leave it.

Good luck to you! Hope you can find something good that you can use as a stepping stone for your future real estate investing journey!

Vitaliy

I agree! Im open to all options but I believe that a duplex, triplex or quadplex would be ideal.

My first post on Bigger Pockets, so I’m glad to get even one reply!

Thank you for your insight, Vitaliy!

3 Votes

What’s up Bigger Pockets Forum!

I am currently weighing my options as to where I should house hack in Florida.

Little bit of back story…….

I am currently living outside of St. Louis, MO with my girlfriend and our newborn son. We are looking to relocate to FL within the next year or so.

Her parents live in Palm Bay, FL.

For obvious reasons it would be nice to be living near her family so that on occasion they could help out with watching the baby and it’s just nice having family around.

But, I am also very interested in the growing Tampa, FL market (2.5hrs west of Palm Bay.)

I don’t know very much about the Palm Bay area / market other than general insights I’ve taken from speaking with her family and a short weekend get away that we took last year.

I know that it is possible to house hack almost anywhere as long as you are creative enough, but I would really like to start my real estate journey in a strong growing market that I could continue to invest in for years to come.

I’d make the sacrifice of being 2.5 hrs away in Tampa or another market if it made enough sense, as I could house hack for a year and pivot from there if needed.

So I guess at this point I am just putting my feelers out there and looking for any general information, advice, insights, ect. on investing and house hacking in and around these markets.

Or anywhere within an hour or two of Palm Bay that is a strong growing market.

( Sorry if this post is a little scattered, I had it completely typed out, dialed in and lost it all and had to try again. )

Much love Bigger Pockets crew!

- Bob

4 Votes

All Forum Posts by: Bob Bissman

Bob Bissman has started 2 posts and replied 4 times.

Post: Investor Friendly Agent Brevard County, FL

Post: House Hacking in Florida

Post: House Hacking in Florida

Post: House Hacking in Florida