House hacking vs. out-of-state real estate investing? Which is the best strategy for a new investor living in a high cost of living area? Whether you’re in New York City, Miami, Denver, or the San Francisco Bay Area like out-of-state investor Soli Cayetano, it can be a tough choice. Both housing hacking and investing out-of-state pose huge benefits for building wealth, increasing passive income, or lowering your housing expenses.

As more and more investors are feeling the sting of rising home prices, once affordable real estate markets now become high-priced bidding war epicenters. This has opened up more investors to invest farther away from home or doubling down on house hacking in their own cities. If you are new to investing, you may want to know which strategy is the best for your specific situation, and Soli is here to guide you through it!

Which strategy would you choose? Does house hacking still pencil out in your neck of the woods or does out-of-state investing make much more financial sense? Let us know in the comments!

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Join BiggerPockets for FREE 👇
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Check out Last Week’s Episode on The BRRRR Strategy:
https://youtu.be/iDTJGhBJUbg
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Grab the BiggerPockets’ House Hacking and Out-of-State Investing Books:
The House Hacking Strategy: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none
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Your Step-by-Step Guide to Buying Out-of-State Investment Properties:
https://www.biggerpockets.com/blog/biggerpockets-podcast-515?utm_source=youtube&utm_medium=description&utm_campaign=none
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A Beginners Guide to Hack Your Housing and Live for Free:
https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free?utm_source=youtube&utm_medium=description&utm_campaign=none
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What to Do If You’re Located in an Expensive Real Estate Market:
https://www.biggerpockets.com/blog/expensive-market?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Soli on BiggerPockets:
https://www.biggerpockets.com/users/solic2?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Along Soli’s Journey:
https://www.lattesandleases.com/
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Follow Soli on Instagram:
@lattes.and.leases or https://www.instagram.com/lattes.and.leases/

0:00 House Hacking vs. Out-of-State Investing
1:04 2 Factors to Consider
1:54 Choose Your Strategy
2:35 Pros of House Hacking
3:43 Pros of Out-of-State Investing
4:36 Which Strategy Works for You?