House Hacking - Know before you do!

House hacking is a popular real estate investing strategy that can offer a number of benefits. Essentially, house hacking involves buying a property and then renting out part of the property. This can help to offset mortgage costs and potentially even generate additional income.

There are a few different ways to go about house hacking. One option is to buy a duplex or multi-unit property and live in one unit while renting out the others. Another option is to rent out rooms in your primary residence.

Financing for house hacking can often be done through traditional mortgage channels. Some lenders may even offer special mortgage products for investors who are looking to purchase rental properties.

Benefits of house hacking include having your mortgage costs partially or fully covered by rental income. Additionally, house hacking can be a great way to get started in real estate investing with relatively low risk. By living in the property yourself, you can also keep a close eye on your investment.