House Hacking: A Lucrative Passive Income Stream Story

House Hacking: A Lucrative Passive Income Stream for Young Professionals

I’m not one to sit around and wait for those around me to help me out. There’s always something to learn or do, which will result in being a little bit better.

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I applied the same mindset to my finances. Even though I had student loan debt, I was able to leverage my relatively high salary to create more income – I bought a house and rented it out to my friends.

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In this post, I will be sharing with you my house hacking story, the benefits of house hacking for a high-income individual, and how you can house hack.

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House Hacking: A Lucrative Passive Income Stream for Young Professionals

First, for those unfamiliar with the term, house hacking is buying an owner-occupied property and getting paid to live for relatively cheap or free.

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The Benefits of House Hacking for High-Income Professionals

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When you have a high income, tax efficiency is critical. With house hacking, you will be increasing your income, but not necessarily increasing your debt burden.

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When you are being taxed at 25-30% or higher, it’s crucial to keep your adjusted income low. House hacking allows you to do this.

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Increased Cash Flow through Passive Income

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With house hacking, you add an appreciating asset to your balance sheet, while maintaining the ability to pay down your debt.

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House Hacking: A Lucrative Passive Income Stream for Young Professionals

I’m not one to sit around and wait for those around me to help me out. There’s always something to learn or do, which will result in being a little bit better.

I applied the same mindset to my finances. Even though I had student loan debt, I was able to leverage my relatively high salary to create more income – I bought a house and rented it out to my friends.

In this post, I will be sharing with you my house hacking story, the benefits of house hacking for a high-income individual, and how you can house hack.

House Hacking: A Lucrative Passive Income Stream for Young Professionals

First, for those unfamiliar with the term, house hacking is buying an owner-occupied property and getting paid to live for relatively cheap or free.

What is House Hacking?

The Benefits of House Hacking for High-Income Professionals

When you have a high income, tax efficiency is critical. With house hacking, you will be increasing your income, but not necessarily increasing your debt burden.

Tax Benefits of House Hacking

When you are being taxed at 25-30% or higher, it’s crucial to keep your adjusted income low. House hacking allows you to do this.

Increased Cash Flow through Passive Income

With house hacking, you add an appreciating asset to your balance sheet, while maintaining the ability to pay down your debt.

Gaining Exposure to an Appreciating Asset

SWIPE UP NOW TO READ MORE

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