Is this considered "House Hacking?"

[Ellen O'Neill]

Hi all,

So, I have decided to wait on buying a two family in my area as it is expensive and out of my price range. However, I would like to move out around 26 (I am 24). I am from NJ and have been on the fence of potentially investing in a 2 bedroom apartment/condo in Union City/West New York/ Jersey City/ Hoboken area. Everyone usually suggests house hacking but with a two family home. Would buying a 2 bedroom and getting a roommate still put me on the right path for smart real estate investing? Thank you so much!

[Andrew Fredrickson]

@Ellen O'Neill

Don't focus on the "HOUSE" part of "House Hacking" too much. The main idea is to buy a property that you can use as an investment as well as your primary residence. If you can rent a room and make enough to cover or even exceed your own housing expenses, you're way ahead of most people! Just my thoughts.

Best,