Best market to house hack in?

Member since 2022 · 2 posts · 13 votes

Hello everyone,

I've been spending a lot of time on Biggerpockets and listening to as many real estate podcasts as possible everyday.

I'm an 18-year-old aspiring real estate investor, I've been working for a little over a year now at a real estate office learning everything I can from the people around me.

I'm currently looking for my first house hack, and because of my age, I am open to move to whichever state has the best landlord friendly laws and highest cash flow/appreciation.

My criteria is triplex/quadplex and up to $700k

What markets can you guys recommend. Any feedback or advice is greatly appreciated.

Thank you in advance for your help!

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Dan SheeksPro Member

Rental Property Investor · Denver, CO · Member since 2016 · 621 posts · 362 votes

Hey @Yoffi Storch. I host a bi-weekly Zoom meeting for new/beginning investors who are between 15 and 25. Almost all of the attendees are house hacking or will be in the near future. It's a networking group, and we often have expert guests join our meetings. If you're interested, lmk.

Dan

[email protected]Podcast Guest on Show #179

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Min ZhangBusiness Member
Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
3y
Quote from @Yoffi Storch:

Hello everyone,

I've been spending a lot of time on Biggerpockets and listening to as many real estate podcasts as possible everyday.
I'm an 18-year-old aspiring real estate investor, I've been working for a little over a year now at a real estate office learning everything I can from the people around me.
I'm currently looking for my first house hack, and because of my age, I am open to move to whichever state has the best landlord friendly laws and highest cash flow/appreciation.
My criteria is triplex/quadplex and up to $700k

What markets can you guys recommend. Any feedback or advice is greatly appreciated.
Thank you in advance for your help!
Hey Yoffi!

How are you doing so far? Welcome to Bigger Pockets~

Have you already decided what's the best market? In Ohio, you have Columbus, Cleveland, Dayton, and Cincy to choose from. Personally, I find Columbus appealing because of its ongoing development and the presence of affordable housing options in its surrounding suburbs. These areas offer favorable rental rates and are experiencing positive population growth, which makes them attractive to potential investors or residents.

Is this something you are considering? if yes, hit me up, and let's schedule a call. :) Message me anytime. I am willing to help you out!
[email protected]614-412-2912
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Account Closed
Columbus, OH · Member since 2023 · 427 posts · 254 votes
3y
I'd recommend looking towards the midwest. I'm situated in Columbus, OH, and the rent to price ratios allow you to find deals satisfying the 1% rule. Columbus also has significant economic drivers like OSU, two major hospitals, Intel coming in with $20bn, among other massive employers, making Columbus primed for appreciation.
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Min ZhangBusiness Member
Real Estate Agent · Member since 2022 · 1k+ posts · 1k+ votes
3y
Quote from @Yoffi Storch:

Hello everyone,

I've been spending a lot of time on Biggerpockets and listening to as many real estate podcasts as possible everyday.
I'm an 18-year-old aspiring real estate investor, I've been working for a little over a year now at a real estate office learning everything I can from the people around me.
I'm currently looking for my first house hack, and because of my age, I am open to move to whichever state has the best landlord friendly laws and highest cash flow/appreciation.
My criteria is triplex/quadplex and up to $700k

What markets can you guys recommend. Any feedback or advice is greatly appreciated.
Thank you in advance for your help!
Hey Yoffi! that's a great start!

Just like everyone here, I also focused and I focus my investments in the Columbus area. Columbus is an expanding city, with several significant companies relocating to the area in the near future, resulting in an abundance of new job opportunities.

If you want to know more about this or need any help. Let's schedule a chat, so we can discuss further. :)

[email protected]614-412-2912
Reafco.512 Reviews
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Joshua JanusBusiness Member
Realtor · Cleveland, OH · Member since 2021 · 1k+ posts · 1k+ votes
3y
Quote from @Yoffi Storch:

Hello everyone,

I've been spending a lot of time on Biggerpockets and listening to as many real estate podcasts as possible everyday.
I'm an 18-year-old aspiring real estate investor, I've been working for a little over a year now at a real estate office learning everything I can from the people around me.
I'm currently looking for my first house hack, and because of my age, I am open to move to whichever state has the best landlord friendly laws and highest cash flow/appreciation.
My criteria is triplex/quadplex and up to $700k

What markets can you guys recommend. Any feedback or advice is greatly appreciated.
Thank you in advance for your help!

Columbus is a great place to house hack!
[email protected]614-502-5316 Podcast Guest on Show From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!)
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Mackaylee BeachPro Member
Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
3y
Hey Yoffi
First of all, congratulations on looking to invest at a young age!
I would recommend the Midwest, Kansas City to be exact :) Our city is rapidly growing and currently has great real estate opportunities. Feel free to DM me if you have any questions or would like more information.
[email protected]
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