Nonetheless, with your current mortgage rate and solid equity position, it’s definitely worth considering getting a good, respectable tenant in there and watching your equity grow.

How were you able to invest in real estate at the age of 16?

We’re also diving into the wealth of knowledge BiggerPockets offers through podcasts and these amazing forums.We’re so glad to have found this community and are excited to learn, grow, and connect with fellow investors!

The city's strong rental market driven by a growing population ensures a steady income stream.

It requires some work—you’ll be a landlord after all—but the financial rewards can be significant.If you’re willing to live near your tenants, take on property management tasks, and want to grow your investment portfolio, this strategy could be a game-changer for your financial future.Final ThoughtsHouse hacking with a multifamily property is more than just a way to save on housing costs—it’s a proven method to accelerate your real estate investing journey.

If you keep growing, you can also keep more of your capital working by having access to funds that may or may not be liquid cash.

This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.

My daughter will be school age a year or so after we move in.

But there are lessons to learn while growing.

Last many years has been age of adoption, not innovation.