Hey there, my girlfriend and I are trying to start house hacking in the south east part of the country. We had decided on Huntsville, Alabama, but then I remembered hearing somewhere that moving somewhere with a pro team is recommended. We're pretty much fine with living anywhere in the southeast region. We're just having trouble locking in the location that'd be best for house hacking.
If anyone has any recommendations or could help figure out what to look at, I'd really appreciate it!
Rental Property Investor · St. Louis, MO · Member since 2019 · 162 posts · 72 votes
1y
Hey Jaxon, I just wanted to share my two cents.
Don’t overthink the market. Within any sizable market, there will be multiple house hacking possibilities.
To me, the primary consideration is, where would you like to live for the foreseeable future. That is really where you want to set up shop, and then spend some time finding the opportunities in that area.
What you would not want to do is pick a market because of a property and then not enjoy living there.
And like I said, my experience in real estate investing is every market has opportunities, they may look different for each other, but they are there.
Hope this helps,
Matt
Hey there, my girlfriend and I are trying to start house hacking in the south east part of the country. We had decided on Huntsville, Alabama, but then I remembered hearing somewhere that moving somewhere with a pro team is recommended. We're pretty much fine with living anywhere in the southeast region. We're just having trouble locking in the location that'd be best for house hacking.
If anyone has any recommendations or could help figure out what to look at, I'd really appreciate it!
It sounds like your W2s aren't dependent on living in a certain location? If that is the case I would check out different areas, the RE climate, social climate etc. and narrow it down that way. Your team will likely come and go over the years. I was highly motivated by business, money and making deals when I was younger so while I applaud your willingness to make necessary sacrifices it sure helps if you can live somewhere you enjoy.
@Jules Aton thank you! You are correct, I don't have a W2 and my girlfriend is a pro athlete. So we're able to move wherever. How do we check out the RE climate and social climate if we don't live in that area?
@Jules Aton thank you! You are correct, I don't have a W2 and my girlfriend is a pro athlete. So we're able to move wherever. How do we check out the RE climate and social climate if we don't live in that area?
Consider what you both like and take some trips. I like to be near the water and decent size cities so NY/NJ/MD/DC have been great for my interests.
@Jaxon Johnson Great Q! For house hacking, focus on markets with affordable housing, strong rental demand, and landlord-friendly laws. Huntsville has potential, but also check cities like Knoxville, Chattanooga, or Greenville. Good luck locking in a solid spot!
Rental Property Investor · St. Louis, MO · Member since 2019 · 162 posts · 72 votes
1y
Hey Jaxon, I just wanted to share my two cents.
Don’t overthink the market. Within any sizable market, there will be multiple house hacking possibilities.
To me, the primary consideration is, where would you like to live for the foreseeable future. That is really where you want to set up shop, and then spend some time finding the opportunities in that area.
What you would not want to do is pick a market because of a property and then not enjoy living there.
And like I said, my experience in real estate investing is every market has opportunities, they may look different for each other, but they are there.
Hope this helps,
Matt
Huntsville’s an interesting place for house hacking, and the two of you are in an especially good place given you don’t need to be tied anywhere geographically.
As for where to invest in Huntsville, areas along the “path of progress,” so from Huntsville proper to Wheeler Lake, could be worth checking out.
If the two of you are open to living in a smaller town close to Huntsville but outside the city proper, areas like New Hope, Arab, Hartselle, Decatur, and Athens could also be worth looking into.
Congrats man!! Super powerful strategy. I've house hacked twice in Reno, NV and it's completely changed my life. Here is what I learned and what I regret: