Househacking Proposed Plan

[Andrew Massaro]

My name is Andrew, a current investor/blogger looking to start building my assets and reducing my liabilities (I'm fresh off the book "Rich Dad, Poor Dad")

I currently work at a company that offers a very handsome "homebuyers program" which offers about $30,000 to be allocated towards the purchase of this across 10 years of "bonus money" (which becomes taxable income) ($7500 upfront total and $2500 for the 9 years after) allocated to employees as long as they meet these three conditions:

1. Stay a current full-time employee at the company.

2. Buy a property in this city within certain designated areas

3. Be a primary resident in that property for 2 years following the purchase

At 27 years old without very little obligations besides a relatively substantial student loan debt and minimal credit card debts, my idea is to use this as an opportunity to put a down payment on a home, in particular a multifamily home, and create a house-hacking opportunity for myself where I aggressively pay off the mortgage and live for free in the meantime.

Feel free to be as blunt as possible, the reason I cannot ask my family/friends is for their biased opinion on the matter.

-Andrew