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All Forum Posts by: William Simpson

William Simpson has started 0 posts and replied 12 times.

Post: What are house hacking strategies that others overlook in an expensive area?

William Simpson
Posted
  • Seattle
  • Posts 12
  • Votes 17

Great ideas, i've stayed in some cute campers on air bnb in some expensive markets. In my expensive market I've seen folks get creative by renting gardening space, Ie raised beds,some tools. They tend to target apartments in walking distance of their single family home via flyers and craigslist.

Post: Equity Rich Cash Poor! Need HELP~

William Simpson
Posted
  • Seattle
  • Posts 12
  • Votes 17

Hey Ruchit,

A few ideas come to mind.

1. Would be to sell and perhaps down size. I've had some older relatives go this route. They sold their home and retired to a very walkable 2bed 1 bath apartment in a neighborhood they liked. They used the profits to fund their life style.

2. I know this is a somewhat controversial product but a reverse mortgage is an option for folks who want to remain in their home and age in place but need a source of cash flow.

Hope this points you in the right direction.