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Updated about 6 years ago,
House Hacking or what???
Hi, my name is Ethan. Just started my FI journey and am starting my investing journey. Me, my wife and two kids have a 1600 sq foot home and we pay $1100 a month for our mortgage payment. I know, this is stupid. We only had enough cash for 3.5% down payment. Our house is currently for sale. With that being said we've read books and listened to podcasts and we are thinking it is best to house hack. Live in one side of a duplex and rent the other. With our calculations we would only be paying up to $200 a month mortgage, with the tenant paying most. Any tips or recommendations? Also, how long should we house hack before we buy another duplex triplex or whatever? Thanks in advanced!