All Forum Posts by: Nicholas Walker

Why not look for a duplex-you can live in half, rent out the other half? How much can you borrow for a mortgage? Where is your extended family? What do you like to do (eg want to be in the big city, smaller town in the mountains)? Are you planning on moving to the new home in a year or only living there for a year?

Definitely would want something like a duplex — really any setup that doesn't involve sharing rooms. I'm not sure what we can borrow for a mortgage. We're debt free and have maybe $115,000 gross annual income, though it can vary a bit as it's from a small business, and it's looking like it will keep going up year after year.
We do love big cities, but we'd also like to have a yard for the kids. We'd be willing to give up one or the other, though.

Extended family is in SoCal, Japan, South Korea, and New Zealand, so that's not really a deciding factor.

We're planning on moving about a year from now. I'm guessing we'd live in the potential house hack for 1 to 2 years.

Thanks for the input by the way. It's appreciated!

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Quote from @Theresa Harris:

Extended family is in SoCal, Japan, South Korea, and New Zealand, so that's not really a deciding factor.

We're planning on moving about a year from now. I'm guessing we'd live in the potential house hack for 1 to 2 years.

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Quote from @Hamp Lee III:

Welcome to BiggerPockets!

Why not wait until you can purchase a property in Maui?

If that’s where you and your family really want to move, anywhere else might be settling for what’s behind Door #2.

I lived in Honolulu for a few years and it was amazing. It was a great place for my family.

Go for your dreams!

I wish you all the best.

Thanks for the feedback! I'm sure we'll live in Maui eventually, at least for a little while. But we still need to pick a place to live next, as we'd like to leave San Diego about a year from now. I figured we might as well house hack instead of just renting.

Thanks again

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Quote from @Mason Liu:

First thing is defining your buying criteria for the househack. Both from a livability standpoint and the numbers standpoint. What type of home? School zones and safety? Rents in the area? Price appreciation over the years?

Once you have that, I would recommend creating a list of all the cities you would like to live in as the first criteria. After creating the list, start with the first city and start looking at specific zip codes and neighborhoods from a numbers perspective. Don't need to spend too much time here, just go on zillow and look at a few of the recently sold homes in your budget, look at rent (specifically rent by the room numbers), and see if the numbers work for you. If the first city doesn't work, try the next...etc until you get to the right one.

I personally househack in South Florida, specifically palm beach county. Expensive market, so the goal is just for my roommate to subsidize my monthly payment. Everyone's goal is going to be different, and a lot of that is dependent on the market. With $50k for a downpayment and all other closing costs / move in expenses, you can look at most markets if using a FHA loan.

Thanks for the feedback! We don't want to share rooms. We don't care about school zones. But yeah, as safe and "nice" as possible would be great. We enjoy going new places and everywhere sounds fun, so we've had trouble narrowing it down. Was hoping to see what areas other people like and recommend.

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We are a family of 5 with kids aged 1, 2, and 4. We are currently living in the San Diego area. We:

- want to start house hacking
- work 100% remote for our own businesses
- are looking to move about 1 year from now
- should have about $50,000 saved for a down payment

Which market would you choose in this situation?

We are having a hard time narrowing down our options. Would love somewhere like Maui, but it looks to be out of our budget! :D

We're not interested in areas we've already lived: Portland, Phoenix/Scottsdale, Southern California.

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We are a family of 5 with kids aged 1, 2, and 4. We are currently living in the San Diego area. We:

This is a duplicate post made accidentally. But I can't delete it.

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All Forum Posts by: Nicholas Walker

Nicholas Walker has started 2 posts and replied 6 times.

Post: House hacking as a family — where would you do it?

Post: House hacking as a family — where would you do it?

Post: House hacking as a family — where would you do it?

Post: House hacking as a family — where would you do it?

Post: House hacking as a family — where would you do it?

Post: House hacking as a family — what is the best market?