House Hacking. Good or bad idea?

[Elijah Kerns]

So I'm about to enter my freshman year of college. I'm thinking about getting a property that I could live in one unit and rent the others out. However, an agent said one of his cardinal rules is to never rent out to family, or to live with tenants. Can someone shed light on the situation and give advice with personal experiences? It'd mean a lot, thanks!

[Matt M.]

I've done it and a lot of my clients have done it too. I wouldn't be where I'm at today without it. The key is trust your gut, and WRITE everything down and sign it. 

Getting other people to pay your mortgage is the basis for real estate investing.