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Updated over 5 years ago on . Most recent reply

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Shan Xspiteri
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I'm in a unique situation and I want to take advantage..

Shan Xspiteri
Posted

I live in a single family high ranch. The upstairs is being rented on a 6 month lease, and I live downstairs.

I'm 30, single, and debt free. 

Here is the unique situation.

I live in my parents house by myself as my parents live in Europe.

I take care of the property and two other rental properties. I pay them $700 a month just to help put towards their mortgage.

I'm currently living in the suburbs about 2 hours away from major city, and to be honest I don't want to live here anymore and want to be in the major city.

I have a few friends I could couch surf with while I look for a place in the city.

I am self employed so I don't need to stay here.

Now, I am trying to figure out what is the best route to take and have been reading up about house hacking, which in a sense is what I am doing right now.

However, I am debating on either renting my downstairs to a friend, a 6 months lease, OR Airbnb

I feel Airbnb would be my best bet for most income, although it might be slow during the winter months.

Just looking to get some advice on what routes I should be taking.

I also do overlanding, which is camping out of my truck so I honestly don't mind living out of my truck a week at a time, truly enjoy it and find complete peace, but want the downstairs to be making some sort of income.

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