How to pick a strategy: house hack or long distance?

[Mary Ainsworth]

Hi!

I'm looking for other people's thoughts on what they think would be a better ROI for me.

Background:

- 22 years old

- living in San Diego (CA)

- have $53,000 in savings 

Option 1: House hack, buy a 3-bedroom condo, rent it out by the room, put 3.5% down (about $17,000 for a 440k property)

- in this option, I pretty much break even in cash flow - no huge profit or loss each month (this is what I'm planning on right now)

Option 2: flip mobile homes (~100k each, flip in about 2 months, and sell hopefully for ~200k)

Option 3: wait until I have more money to buy a house in San Diego and do airbnb arbitrage 

Option 4: Invest in an airbnb long distance where I can afford to put 20% down 

Option 5: any other recommendations?? Please let me know you're thoughts :) 

[Joshua Filkill]

Quote from @Mary Ainsworth:

Hi!

I'm looking for other people's thoughts on what they think would be a better ROI for me.

Background:

- 22 years old

- living in San Diego (CA)

- have $53,000 in savings 

Option 1: House hack, buy a 3-bedroom condo, rent it out by the room, put 3.5% down (about $17,000 for a 440k property)

- in this option, I pretty much break even in cash flow - no huge profit or loss each month (this is what I'm planning on right now)

Option 2: flip mobile homes (~100k each, flip in about 2 months, and sell hopefully for ~200k)

Option 3: wait until I have more money to buy a house in San Diego and do airbnb arbitrage 

Option 4: Invest in an airbnb long distance where I can afford to put 20% down 

Option 5: any other recommendations?? Please let me know you're thoughts :) 

 Always recommend investing locally and with a house hack to start off since you need to live somewhere and there's a ton of benefits to it. If you're breaking even when doing a house hack right now then you're doing an incredible job. After this you can start networking and looking for other opportunities, possibly out of state, where price to entry is lower than your area. If you have any questions feel free to reach out!