Many house hackers use this “ladder” approach, building equity and income with each property.A friend of mine started house hacking with a triplex in Phoenix around a decade ago.

Over the months it will take them to catch up this will save them several hundred in fees but I am also collecting that balance.

This property is in California in the LA area.

You can use this cash for any purpose, such as home renovations, debt consolidation, or paying for major expenses.

There is an extremely low success rate going this route.

Hi Mohammad, glad to have you as a part of this awesome community!

Another item is, my logic at purchasing this property was to spend less than what I am paying for my current living expenses and it is about there.

I’m hoping that I’ll be able to learn from all of you on top of reading as much as possible and listening to podcasts.

Obviously with this summer’s market it wasn’t the best decision for making a lot of money but I’ll still make some, learn a ton, help out a neighbor, and got my feet wet!

We listen to the podcast and have started reading the books but the analysis paralysis is real especially having the money to actually do something and never having this much in our bank before at once!