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All Forum Posts by: Kim Kinson

Kim Kinson has started 1 posts and replied 3 times.

Innovative Strategies

Post: Tips or successful stories about house hacking!!

Kim KinsonPosted
  • Newark, NJ
  • Posts 3
  • Votes 3
Originally posted by @Alain Perez-Majul:

@Kim Kinson

Kim, the idea of "house hacking" is that you own a multi-family unit (whether it be a duplex, triplex, fourplex) where you live in one of the units and the rental income from the other unit(s) covers your mortgage and expenses and essentially allows you to live for free. The interpretation could be tweeked/stretched a bit, I suppose, as long as a similar concept is taking place- for example, I don't live in a multi-family property, but I would say I am house hacking in my SFR by having a roomate that covers a significant portion of my mortgage.

Thank you for clearing that up for me Alain! It's exactly what I would like to do. Wasn't familiar with the term however.

0 Votes
Innovative Strategies

Post: Tips or successful stories about house hacking!!

Kim KinsonPosted
  • Newark, NJ
  • Posts 3
  • Votes 3

Hi Louise,

What exactly is house hacking? 

0 Votes
New Member Introductions

Post: Apartment Building Inspired

Kim KinsonPosted
  • Newark, NJ
  • Posts 3
  • Votes 3

Hi my name is Kimberly, I am a local wholesaler in the Essex County area of New Jersey. 

I have had minor success but I have my eyes set on Bigger fish! By fish I mean Commercial Real Estate. 

After reading ABCs of Real Estate and now Multifamily Millions... I am dedicated to making it my niche.

I look forward to connecting with any and everyone that can get me one step close to that goal.

#Health&Wealth

3 Votes