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Updated 12 months ago,
Saving for/during house hack
I am currently in the process of saving up for the total costs (dp/closing/reserve) for my first house hack. I was wondering for those who have a house hacked or are currently saving in the process, what would you recommend as the best method to save for a house hack (as in where should I be keeping my money to get the best ROI)? Planning to buy by the end of 2024. Another extension of this question that I also have is how much should I allocate from my income to save. I've been listening to a lot of the past podcasts on BP so I know before total costs, I should prioritize matching employer contribution on 401k and max out my Roth for that calendar year, but are people also allocating some of the funds to stocks (index funds) during this process (if so how much/what percentage) or strictly saving for DP. After 401k/roth, what are your allocations?
I would love to get opinions and past experiences of those in the process or who have housed hacked before.