House Hacking in Dallas
Hey everyone!
I’m currently a college student and will be moving to Dallas full-time in about a year and a half. I’ve always followed BiggerPockets and am considering house hacking as my first investment.
I’m trying to figure out if a 2–4 unit house hack is still realistic in today’s market. I’ve been running numbers on duplexes within 45 mins of Dallas, but most seem to be break-even or negative cash flow at current interest rates even with all units rented.
For those investing in Dallas:
- Are you still finding deals that work?
- Are there certain areas or strategies I should focus on?
- Is house hacking still the best move for a first-time investor?
Would appreciate any advice!
Most Popular Reply
Hey Evan! Welcome to real estate investing. I'm a real estate broker here in DFW and sell around 30m or so a year and i got my start in the investing world by house hacking. I bought a single family and did rent by the room and leased up the specific bedrooms and did that a few times before converting them to long term rentals or coliving properties.
As some other posters mentioned rent by the room is the way to go right now and if you find the right property with 5-6 beds or a 4 bed with the square footage to add another room cheaply its a great way to offset your entire living expense. 2-4 are harder especially if you're only doing sub 5% down and they are generally is bad areas if they pencil.
I've helped probably over 50 people from BP buy a house hack. If you have anymore questions feel free to DM me!