All Forum Posts by: Ryan Smith

 Interesting. I'll definitely reach out to property managers in the area and start making those connections. I appreciate the perspective!

-Ryan

Hi Nick- I have scoured those places and have found a degree of success using each. My main question stems from the curiosity of what is the "tried-and-true" method that everyone uses or has found success in. You're correct in saying that the rent-by-the-room rate is very close, though. I appreciate your insight!

-Ryan

 Thanks for the insight, Jiri. This helps a lot because I was also thinking on how to project rental rates if there were comparable properties with upgraded features. 

-Ryan

Hi BP Family!

I’m currently analyzing and evaluating numerous properties for a potential househack. I’ve found that most properties I am evaluating will work for what I want to do in my market area of Raleigh, NC. Now, the problem becomes, can I still get my househack to cash flow after I move out without renting by the room? I’d much rather know I’m investing in a househack that would still cash flow if I decided to not rent by room.

My question is, I know what I can demand per room in the Raleigh area, but I'm a little lost when it comes to evaluating fair market rent for the SFH as a whole. Is there a certain way you've had success in determining fair market rent on your properties?

My goal here is to fully evaluate my deals both as a househack and a SFH rental. I'm hoping this will help with identifying a great deal amongst the many "good househack deals".

@Luke Gates

Congratulations on the successful househack, Luke! Thank you for the househack inspiration!

@Angie Jean

Hi Angie - First of all, welcome! In my research, it really depends on the market that you live in. Here in the Raleigh, NC market it appears that the room sharing and roommate search pages on Facebook are more populated with tenants looking to rent rooms in the area. This is mainly due to the universities in the area and the influx of young professionals who are more apt to rent a room. Every market is different, so you’ll need to cater to wherever you’re located. Best of luck!

Hi Kenny, welcome to BP! I’m from the Raleigh area, but actually grew up around Winston - that’s area is growing at an amazing rate.

@Dawn Brenengen thank you for the tips! I’ll definitely utilize those functions going forward. Ideally I would like to invest in a multi family but with how the market is in this area I’m not having much luck finding a property that fits the bill. I see that you’re a broker; I’ll send you a message and see if you can assist with my search.

@Chris White thank you for the tips - very helpful. I'm very open to the idea of both options, SFH and multi family. Ideally, I would like to invest in a multi family.

Hi all,

As the title says, I'm an aspiring investor in the triangle area (Durham/Cary/Raleigh). I'm originally from Salisbury, NC and recently relocated to Raleigh after finishing up school in Greenville, NC. I'm not extremely familiar with the area, but I'm looking to house hack within the next 6 months. If anyone has advice on house hacking in the Raleigh area (or house hacking in general) or even recommendations for realtors/contacts who would be of help, it would be greatly appreciated. I appreciate any and all advice you may have and I'm extremely excited to start on my REI journey!:)

Thank you all in advance!