So, what the heck is house hacking? House hacking is a real estate investment strategy in which you own a multi-unit property (such as a duplex, triplex or fourplex) and live in one of the units as your primary residence. The occupants of the other units pay your mortgage and living expenses through the rent they pay you. You can also house hack a single-family home by renting out a bedroom, basement or outbuilding. The strategy is simple, and the rewards can be great. For the smart strategist, house hacking can be a gateway to a long and successful future in real estate investing.
Here are some of the benefits of house hacking:
The most obvious benefit of house hacking is the financial reward of living rent- or…
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