House Hacking Story

[Keith Mintz]

I moved to Sacramento California last year to build co-living spaces and test the concept in this market. I tried it out by renting a house I found and subleasing the rooms out. It was registered as a 5b/3b house for $3,950/m but the 2 car garage was converted into a bedroom studio deal, so I was really getting a 6b house. I saw this as a perfect opportunity so I rented it. I got $1,300/m for the garage, $1,400/m for the master bedroom, and every other room I got $1,000/m. I lived in one room for the year. Covered all my expenses plus profit. 

Now to just do it with a property I purchase.