Encouraging my kid to Househack in Austin

[Mark Sewell]

So my oldest kid finished college in May, got some random job somewhere, and lives and works in Austin somewhere. She doesn't earn a ton, but she wisely moved in with some lady and rents a room in a house. Pretty sure she's paycheck to paycheck, but most of America is - not faulting the kid for that. She has said that she would like to find a way to buy a house - the implication being that maybe Daddy will help her (he won't). But then I got to thinking - maybe she could get to a point where she could qualify for something reasonable, maybe not in Austin but somewhere in the sticks outside of town. And she could house-hack. I can explain to her that she needs to be the lady renting the rooms out to other kids, not the kid renting the rooms from others. I will probably go see her in a few weeks, just to have lunch and visit. Figured I would drop off my copy of 'Set for Life' by one Mr. Scott Trench (anybody heard of that guy?) and just make a very strong suggestion to her that she really needs to read it. She'll need to figure out some way to save and get some reserves if she ever plans to qualify for a mortgage. Then what? Maybe she should learn to network with others that are into house hacking in the area? I keep thinking if I tell her, then whatever - it's background noise basically - but if some 27 year old tells her, then it will carry so much more weight. If my Austin friends have some good REI meetups that they might recommend for a young person just starting out, looking for house-hack, then by all means, please chime in. This thread is as much about talking to grown up kids about money (or anything else) as it is about house-hacking, so looking forward to useful and insightful responses.