Using vacation rentals in a house hack will generate the most financial gain with the least risk and time commitment. Here’s why.
Author Ben Leybovich
For me, luxury house hacking produces the same income but with much less headache than owning a multifamily—all while providing a high-end lifestyle.
Instead of asking, how do I pay for this thing, ask, how can this thing I want pay for itself? Understand, you can have anything as long as it makes money!
We want what we want, and saving money (by house hacking) simply has to fit the overall picture. The thing is, if we do this right, we can have both.
This is the first in a series on “luxury house hacking.” It’s all about life design, but without the futon silliness that only works for youngsters.
We came across a few products that could make a difference in the quality of your rentals over time. Two stood out as likely the most useful.
There are a few concepts in real estate investing that are particularly challenging for folks. One of these concepts is the capitalization rate (cap rate).
Those $30,000 homes are enticing, but should you be buying? Find out why you might want to think twice before purchasing a cheap home.
Are condos good real estate investments? Dive into the numbers and facts here—and learn why they are VERY rarely profitable.
Is it wise for investors to buy cheap properties or those in bad areas? Learn why you might want to think twice before making these kinds of investments.
Cash flow or appreciation: What’s more important? Experienced investors often have a different perspective on this debate—get some important insight here!
On the road to financial freedom, what percentage of our monthly income should we look to save each month? Get some insight here!
For those who read Brandon Turner’s “10 Things Only Personal Finance Nerds Would Understand,” be sure to check out this amusing counterpoint. A must-read!