I hope that a variation of one of
these house hacking strategies can work for you.
After stumbling upon the BP podcasts, we've decided to look for duplexes to implement
a house hacking strategy by renting the second unit to a tenant.
I recommend taking
the house hacking strategy out of the equation, you are bringing in way to many moving parts & considerations when it really should be a very simple decision and gameplan if you know the market.
Not exact matches
If you're going to get into
house hacking as a wealth - building
strategy, then it's important that the money works out in your favor.
Perhaps the greatest benefit of the «
house hacking»
strategy is the ability to master the art of landlording in a low - risk environment.
Ok, so I've been listening to the BP podcast for about 6 months and I've read 3 BP books, and I've decided that
house hacking is the best
strategy for me to get started.
I am very intrigued with the concepts of
house hacking as well as the BRRRR
strategy.
In a traditional
house hack and the living room
strategy, you can live in one unit and fix it up while renting the other.
The question then becomes not whether you should
house hack but what
strategy you should deploy.
Related: Why I'm Not
House Hacking (& the
Strategy That Will Cover More of My Rent)
You can
house hack it with 3.5 % down FHA financing, which the experienced folks would not be interested in doing, not because it is a bad
strategy but because they've outgrown it.
«Buy and hold with an occasional flip» is a great
strategy, along with «
house hacking.»
I suggest completely removing
house hacking / residential usage from the investment property
strategy.
«My favorite low money down homebuying
strategy is to «
house hack,»» Glenn Carter, real estate investor and expert at Condo.Capital, says.
my
strategy is to
House hack and rent one unit.