What is house hacking?

[Pati Tanielu]

Just listened to Bigger Pockets on podcast .. Referred from A Realtor! Awesome stuff

[Todd Fithian]

Its great stuff isnt it?  Househacking is a term coined from @Brandon Turner, and its probably the best idea ever for new investors willing to get ahead instead of falling deeper into a labor paid mortgage/debt with no real return. Lets say you purchase a duplex, and rent out one of the units, then move into the other unit, thats househacking. Now the even smarter way to househack is to make sure that not only your monthly mortgage payment is paid for by the other tenants monthly rent, but if you find a good enough deal, maybe you might make even more each month even after the mortgage is paid, hopefully cover some utilities. Look up the "BRRRR" strategy here on BP, itll totally change the way you think about investing.