Your Complete Guide to House Hacking Story

Your Complete Guide to House Hacking

[{"selector":"#anim-86ac9a02-e653-49c8-a744-fd5eaa057e0d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e9e61125-6626-4c99-bc5f-fe959fde03a4","keyframes":{"transform":["translate3d(-115.92356%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] House hacking as a concept is not exactly new, but the term is relatively new to me. If I knew then what I know now about the strategy, I would have been more inclined to implemen t a house hack as a college student, medical student, or resident. Read More

In this story, I will share my story, go over the different types of house hacking, and the best kind of house hacking for you.

Your Complete Guide to House Hacking

House Hacking 101

House hacking is real estate investing strategy with which you purchase a one-to-four-unit property with a low-percentage- down loan (3-5%), live in one part, and rent the other parts out. Read More

Luxury: With a luxury house hack, you purchase a single-family home that has a guest house, mother in-law suite, or separate-entrance basement.

The idea is that you purchase a duplex, triplex, or quadplex, live in one unit, and rent out the other units such that the rent from the other units covers your mortgage.

Another strategy—one that I am actively using—is the rent-by-the-room strategy. This is where you purchase a single-family house, live in one room, and rent the others by the room.

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