In this video we go over how Househacking works and how your home could be MAKING you money. Househacking is something a ton of people completely forget about before they make their first home purchase! Today we go over why that could be a big mistake! Does the thought of your home making you money while you LIVE in it sound impossible? In this video we talk about some of the pros and cons of Househacking and why if it's right for you, you could not only be saving money on rent but even MAKE money all while building equity in your property! This is one you do not want to miss! House hacking is an investment strategy where you buy a multi-family property, live in one unit, and rent out the others to cover the mortgage and expenses, allowing you to save money and build equity.
Highlights
House hacking involves buying a multi-family property, living in one unit, and renting out the others to cover expenses.
It allows you to live for free and potentially make a profit from rental income.
The property’s value appreciates over time, building equity.
Tax benefits, such as depreciation, can further increase your savings.
House hacking is a stepping stone to financial freedom and opens up more investment opportunities.
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