Updated about 5 years ago on . Most recent reply
🚨house hacking question🚨
My wife and I are contemplating doing a house hack. Here is the scenario. We live in a 3 bed 2.5 bad home that’s way too big for use. We found a home with a basement suite and a detached garage with a small 1 bed 1 bath apartment. We would live for free but I’m worried we would be too uncomfortable.
Has anyone done this and seen the power of house hacking? What would you recommend?
Most Popular Reply
Hello Anthony And welcome to BP!
I would become familiar with the acquisition process and learn about the monthly expenses in your target markets - utilities property taxes, maintenance, etc.
House-hacking is a solid strategy and its my favorite strategy for getting into the game. It gives you acquisition, project management and property management experience.
Yes! My team and I have helped clients fulfill this strategy's potential.
Best of luck!
Steven