Living for free sing home or duplex?

1 Reply

Hello, 

When you invest in your first property like a single family house hypothetically. Is it the same as a duplex where you can technically live free or at a much more cheaper rate since you are the land lord? Or are you expected to carry on like a regular tenant because you have no other residents? 

@Robert Jones

I personally rent out my single family home that I live in (House Hack). You are able to live for free/ a much cheaper rate if you follow these guidelines: 1.) Find a good deal on a home! 2.) Make sure you put a decent amount of money down on the home so that your mortgage payment will be lower, so when you rent out the other bedroom(s) they are paying for more of the payment. 3.) Make sure and screen tenants before they move in! There are tons of horror stories out there. Hope that helps!