House Hacking vs BRRR: Which is Better for Beginner Investing?

When it comes to beginner investing, there are two main strategies: House Hacking and BRRR. Both have their own benefits and drawbacks, so which one is right for you? In this blog post, we will compare and contrast House Hacking and BRRR in order to help you make the best decision for your investment needs!

House Hacking is great for beginner investing because it is a relatively simple and straightforward process. You simply purchase a property, live in it for a year or two, then rent it out and move on to your next investment. This strategy can help you live mortgage-free, as you are essentially using your tenants' rent to pay off your own mortgage. However, House Hacking may not be the most profitable long-term strategy, as you are limited to earning income from just one property at a time.

BRRR is more in depth strategy that has the potential to be more profitable in the long run. With BRRR, you buy a property, Rehab it (hence the name), then Rent it out. Once the property is rented, you Refinance it and take out all of the money you originally invested, plus any additional equity you may have built up. You can then Repeat the process with another property. This strategy can be more complex and time-consuming than House Hacking, but it also has the potential to earn a lot more money in the long run.

So, which strategy is right for you? If you're a beginner investor who wants a relatively simple and straightforward investment strategy, House Hacking may be the way to go. However, if you're looking for a more profitable long-term investment strategy, BRRR may be a better option. Whichever route you decide to take, make sure to do your research and consult with a professional before making any final decisions.

What are your thoughts on House Hacking vs BRRR? Let us know in the comments below!