🚨house hacking question🚨

[Anthony Morvillo]

My wife and I are contemplating doing a house hack. Here is the scenario. We live in a 3 bed 2.5 bad home that’s way too big for use. We found a home with a basement suite and a detached garage with a small 1 bed 1 bath apartment. We would live for free but I’m worried we would be too uncomfortable.

Has anyone done this and seen the power of house hacking? What would you recommend?

[Steven Torres]

Hello Anthony And welcome to BP!

I would become familiar with the acquisition process and learn about the monthly expenses in your target markets - utilities property taxes, maintenance, etc. 

House-hacking is a solid strategy and its my favorite strategy for getting into the game. It gives you acquisition, project management and property management experience.

Yes! My team and I have helped clients fulfill this strategy's potential.

Best of luck!

Steven