Could You Get A Rental Property For 3-5 % Down If You House Hack?

[Cole Simpson]

House Hacking is a phrase coined by BiggerPockets podcast host Brandon Turner. While Brandon came up with the cool-sounding name, the concept has been alive for a long time. While the idea isn’t new, the popularity of its application is.

House Hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home. When done correctly, it allows people to live in expensive areas completely for free, or even generate positive income through homeownership.

It is a way of squeezing every last ounce of value out of a home that you possibly can, in order to benefit yourself financially.

What’s your best tip for House Hacking?