Need your advice on house hacking in Las Vegas
Member since 2024 · 2 posts · 5 votes
- Hi BP, I'm new to RE investing and I'm looking to start by finding a property to house-hack in Las Vegas.
- Background:
- First-time home buyer
- Up to $100k for downpayment
- Open to explore different parts of the city or even other states
- Open to leverage FHA or DPA
- Willing to settle for breakeven
- Ready to close ASAP
- Challenge:
- Finding a property that can fully cover the mortgage through house-hacking and breakeven or potentially cash flow in Vegas, or other no-income-tax states.
- Request for Advice:
- Scenario 1 - Stay in Vegas and find a property that is viable to house hack
- How are people house-hacking in this market? Any advice or lessons learned?
- I'd be happy to breaking even, but is it possible to house-hack and cash flow in this market?
- Where can I find the best deals? Where can I find real estate agents who have access to off-market deals?
- Scenario 2 - Move to another no-income-tax state to find a property that is viable to house hack
- Which market, among the no-income-tax states, is more feasible for house hacking?
- What else should I be thinking about if my goal is to live for free?
- Scenario 1 - Stay in Vegas and find a property that is viable to house hack