Updated about 2 years ago on . Most recent reply
House Hacking Possible in Fort Lauderdale Area?
Hey! I have a friend looking to house hack in Fort Lauderdale area. Is it possible and what expectations should he have?
He is graduating soon and planning to get started in real estate.
Let me know what advice you have!
- Tanner Pile
Tanner Pile
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As Rick said, it's possible everywhere.
The main "goal" of house hacking is subsidizing or completely eliminating your housing expense through renting out other portions of your home.
The better deal you find, the closer you can get to living completely free, or even cash flowing while you're living there.
What people tend to think is that you can just buy a move-in ready property at top dollar and expect to live for free.
That's rarely the case, That's why the focus always needs to be on deal finding. Especially if you want to be a RE investor long term.
The main "goal" of house hacking is subsidizing or completely eliminating your housing expense through renting out other portions of your home.
The better deal you find, the closer you can get to living completely free, or even cash flowing while you're living there.
What people tend to think is that you can just buy a move-in ready property at top dollar and expect to live for free.
That's rarely the case, That's why the focus always needs to be on deal finding. Especially if you want to be a RE investor long term.
- Matthew Porcaro
The 203k Way