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Updated about 2 years ago on . Most recent reply

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Chelsea M.
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House hacking anywhere in the US - Where would you go?

Chelsea M.
Posted

Hello! First time posting, long time lurker. 

Within the next 7 months, my partner and I are looking to purchase a duplex or triplex - with a 375k budget (on the high end). We plan on putting 10-20% down. We both work remotely and can go anywhere. We want to consider appreciation rates, income/state taxes, quality of life, and extreme weather. Our goals is to generate cash flow while ideally being in a location that appreciates well. 

Areas considered so far:

Cleveland, OH: Great home prices, but the income/state taxes are high, and unsure how we will handle the 4 months of snow every year. 

Huston, TX/Tampa, FL: No income states are great, statically better appreciation, but the hot humid weather and hurricanes are holding us back. 

Memphis, TN: Another no income state, but high crime/poverty rates, with higher property taxes.

We haven't ruled anything out and are a little overwhelmed with all of the options. We would love some input! Where would you go? 

Most Popular Reply

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Jared Hottle
  • Real Estate Agent
  • Cedar falls IA Waterloo, IA
548
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902
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Jared Hottle
  • Real Estate Agent
  • Cedar falls IA Waterloo, IA
Replied

I think one of your main problems is having so many options. Sounds great but then you can overthink and always 2nd guess. Personally, I say have some fun with it. What things do you like to do? Maybe go in a region that has those things. It could be a really fun couple years if you househack for a year in a place and move to another one. Awesome seeing that you are using your competitive advantage of pure remote work to build a real estate portfolio!

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