House Hacking Works

[Paul Bunton]

Just purchased a SFR for our family while using the house hacking method.

We sold our home in Jan 2021 and moved into a 3 family. Renting out the other 2 units. Which covers the mortgage with left over cash.

Our family and friends thought we were crazy but most of them don't get it and we are looking into the future.

We have fixed multiple areas of the house including electrical, plumbing, added washers and dryers, added solar powered security lights, built an office, built a patio which increased the value of the house.

So, now the 3 family pays both mortgages with some extra cash flow.

I wasn't aware how the landlord insurance is about $1k cheaper than HOI which will bring down the mortgage payment but we still plan on overpaying the mortgage a bit.

It has been easy and hard. A lot of late nights cleaning and prepping but we have gotten through it. We know it won't be easy but we are ready for the challenge.

Just wanted to share this I know some of you would be proud and know this is exactly what you did.

Paul

Milford, CT