House Hacking Vs. BRRR - which one calls out to you?

There are two main strategies for beginning investors: House Hacking and BRRR. Both have advantages and drawbacks, so which is the best option for you? In this blog article, we'll compare and contrast House Hacking and BRRR to help you choose the best option for your investing needs!

House Hacking is an excellent beginning investing technique because it is simple and straightforward. You just buy a home, live in it for a year or two, then rent it out before moving on to the next investment. This method may help you pay off your mortgage by utilizing your tenants' rent to do so. House Hacking, on the other hand, may not be the most successful long-term strategy since you are limited to making money from one property at a time.

BRRR stands for Buy and Rehab It, which is a more comprehensive approach that has the potential to be more lucrative in the long run. You acquire a home, Rehab it (hence the name), then Rent it out using BRRR. After you've rented your property, you Refinance it and take out all of the money you put into it as well as any additional equity you may have built up. You can repeat the process with another investment property. This technique is more difficult and time-consuming than House Hacking, but it does have the ability to produce a greater amount of money over time.

So, which approach is best for you? If you're a novice investor searching for a simple and straightforward investment strategy, House Hacking may be the answer. However, if you want to invest in a more profitable long-term investment plan, BRRR may be your best bet. Whatever path you choose, make sure to do your homework and get expert advice before making any decisions.

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