Looking to do first house hack in a new state

[Luca Perinuzzi]

I'm looking to house hack my first investment property next year around this time in either Houston or Florida (Miami/Hollywood/Fort Lauderdale area). I will be moving with my brother and 1 or 2 of my friends. Ideally, we would get a duplex with 3-4beds per unit and rent out the other unit. I know that this property will very likely not cash flow and that is fine.

Any tips or advice on house hacking with roommates, any general tips for a first house hack, or investing tips/experience in the Houston and Miami/Hollywood/Fort Lauderdale area would be amazing. Thanks!

[Ryan Thomson]

@Luca Perinuzzi House hacking is an awesome way to get started and exponentially better than renting. You are going down a very lucrative path. It takes time and hard work. The fact that you see the value even though it doesn't cashflow right now speaks volumes to the understanding you already have. 

House Hacking is amazing. Here are some resources I found really helpful on my journey:

1. For podcasts I really like the House Hacking episodes on Bigger Pockets Podcast and other channels. Here is a playlist with the best House Hacking Podcasts I’ve found: https://open.spotify.com/playlist/4A6uLsPfdWEMmJhG4TSjyb?si=743bb403548f47fb

2. Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/08/Ultimate_Beginners_Guide_BiggerPockets.pdf

3. The Book on House Hacking Strategies by Bigger Pockets is also a fantastic book

4. Happy to talk if you want more advice

5. Connect with a realtor who understands house hacking and has invested themselves

6. Connect with a lender to see what you qualify for and how you can improve that situation

7. Go to local Real Estate meetups and learn from people there