How to find multifamily for house hacking
I really see the value in house hacking and I would like to implement it with a multi family. I have a single family renting the rooms however on the next deal I would like to find a decent multi family to house hack. Im also trying to get my younger sister in a multifamily however most of the multifamily homes I find aren't well kept and appealing to owner occupy.
We are looking at a specific market in belleville Illinois and aren't finding any however I am seeing a similar story in my locations I look. In what ways Could I find a more appealing property in terms of it having good number and having potential aesthetically. Should I be looking to flip, find off market deals, go to RE events. How have you guys found good multi family properties.
Thank you
Most Popular Reply
Happier hacking multifamily is a great way to go, just be prepared to live in the pig until you can put lipstick on it. Find the worst property you can in a good or gentrifiying area and get to work.
As for finding it, you’ve answered your own question, network your butt off and maybe drive for dollars if you’ve got the time. Some counties and cities have lists on their property appraiser websites that call out multifamily and how many units, if not a quick call to them might get you that list.
Good luck