House hacking: upper versus lower end of my budget?
Hello Everyone,
I’m new to Bigger Pockets and looking to start my first house hack later this year in the Boston area, which is a tough market. I’m in a position where I can either aim to buy closer to Boston at the low end of an excellent area (at the top end of my budget) or I can buy in a reasonable area (North of Boston) in the middle of my budget. From the numbers, both areas typically won’t cash-flow positively at first given my down payment, but it really depends on the specific property.
I think aiming for the middle of my budget makes more sense, but is there an advantage to buying in an excellent area at the top of my budget?