Vacation Rentals -House Hacking
Surfing BP i have came across the term house hacking and I did not realize that my wife and I managed our first home this way. In the early 80,s we bought our first home a large duplex in Ventnor NJ 2 blocks from the beach. Our friend was renting his house out for the summer and we decided to do the same My wife and I moved in with my father in law and we rented both units out for $8000 for little over 2 months . This is money up front. The added cash was great and we moved back in and rented the bottom unit for 9 months We repeated this process for a number of years but just the bottom unit ( it was tough living with in laws) my friend was single and would rent his house out for over $10,000 for summer rent from a friend and then have roommates all year Another great house hack.just wanted to share with those staring out that there a plenty of ways to make the most out of your real estate choices