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Updated over 3 years ago on . Most recent reply
Can I House Hack when I just signed a lease?
Hi everyone!
I just signed a lease back in May, 2021 which unfortunately does not align with my real estate investing strategy, house hacking. I hadn't done enough research to settle on a strategy before signing the lease and had to move to Columbus, OH for a job. Therefore, I needed a place to live which lead me to a 12 month lease.
Fast forward to now, with research conducted, house hacking is the strategy I am going to apply when delving into the industry. Unfortunately, I have not come across any thoughts or opinions for people in my position; an individual looking to house hack but has 11 more months on a lease.
My question is, how can I make house hacking work now, while still having this 11 month lease? Do I need to take a step back and wait out the remainder of the lease before I invest in real estate? Or, is there a creative method that I have not come across to house hack now?
I really don't want to sit back and wait. I want to start the journey now!
Really looking forward to hearing any thoughts or advice regarding my situation. Thank you so much!
Most Popular Reply
Originally posted by @Alexander Glantz:
Hi everyone!
I just signed a lease back in May, 2021 which unfortunately does not align with my real estate investing strategy, house hacking. I hadn't done enough research to settle on a strategy before signing the lease and had to move to Columbus, OH for a job. Therefore, I needed a place to live which lead me to a 12 month lease.
Fast forward to now, with research conducted, house hacking is the strategy I am going to apply when delving into the industry. Unfortunately, I have not come across any thoughts or opinions for people in my position; an individual looking to house hack but has 11 more months on a lease.
My question is, how can I make house hacking work now, while still having this 11 month lease? Do I need to take a step back and wait out the remainder of the lease before I invest in real estate? Or, is there a creative method that I have not come across to house hack now?
I really don't want to sit back and wait. I want to start the journey now!
Really looking forward to hearing any thoughts or advice regarding my situation. Thank you so much!
Engage with an attorney and find a way to break your lease.
- Remington Lyman
