Best Market to House Hack - Starting out

5 Replies

Does anyone have an opinion on which market would be better for starting out on a house hack? For the past year I have been looking on the MLS in Phoenix for a multifamily to house hack with little to no luck with good deals. There are not many multifamily properties on the market today in Phoenix.

On the other hand - Columbus Ohio(where I am originally from) has many duplexes on the MLS in better areas than in Phoenix and are about the same price.

After doing a quick and dirty analysis on a few properties - comparing Phoenix to Columbus it seems like Columbus has better numbers on Duplexes. 

Would you agree?

@Sarah Kartsher

I absolutely agree with you on that one. I personally have been eyeing Toledo, Cleveland, Cincinnati and Columbus as potential investment property markets. Unlike you however, I will not be house hacking. The purchase price for some of the properties there are so down right cheap. Since you are from that area, you should know which neighborhoods are safe and in demand.

Right now, the Midwest is the next potential real estate boom. Just follow @Engelo Rumora and @Natali Morris on what they have been doing and seeing in that market place. Unfortunately its not as sunny as Phoenix but it sure is affordable and the cash flows are insane.

Wish you all the best on your journey.

Originally posted by @Brian Adzadi :

@Sarah Kartsher

I absolutely agree with you on that one. I personally have been eyeing Toledo, Cleveland, Cincinnati and Columbus as potential investment property markets. Unlike you however, I will not be house hacking. The purchase price for some of the properties there are so down right cheap. Since you are from that area, you should know which neighborhoods are safe and in demand.

Right now, the Midwest is the next potential real estate boom. Just follow @Engelo Rumora and @Natali Morris on what they have been doing and seeing in that market place. Unfortunately its not as sunny as Phoenix but it sure is affordable and the cash flows are insane.

Wish you all the best on your journey.

Thanks for the mention Brian,

Have a great day

Originally posted by @Sarah Kartsher :

Does anyone have an opinion on which market would be better for starting out on a house hack? For the past year I have been looking on the MLS in Phoenix for a multifamily to house hack with little to no luck with good deals. There are not many multifamily properties on the market today in Phoenix.

On the other hand - Columbus Ohio(where I am originally from) has many duplexes on the MLS in better areas than in Phoenix and are about the same price.

After doing a quick and dirty analysis on a few properties - comparing Phoenix to Columbus it seems like Columbus has better numbers on Duplexes. 

Would you agree?

 Hi Sarah, Columbus has some great investment opportunities.  There are a substantial number of 4 unit and under properties available in a lot of different areas.  You have the advantage of knowing the areas as you are originally from Columbus. Having OSU, being a state capitol and the tax advantages that are bring more and more businesses to Columbus, this is a great place to invest. 

Robert Ellis, Real Estate Agent in OH (#2014002724)
(614) 943-9520

Northwest Indiana has some great cash on cash return numbers. I have typically found properties for investors ranging in the 12-19% CCR!!!! Landlord friendly laws and low taxes. Great REInvestment state.

I also agree with @Brian Adzadi there’s a TON of opportunities in the Midwest for real estate. 

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