House Hacking: Make More Money With Less Down and Live For Free

My first house hacking was my first primary residence. Although I technically became a landlord, I didn’t consider myself a real estate investor.

What is House Hacking? 

House hacking is when an owner lives in their property and rents out other parts of the property. 

Benefits of House Hacking

Looking for your first investment property but unsure of where to begin? House hacking provides multiple benefits, especially to rookie investors.

The first big benefit of house hacking is living rent-free! A mortgage payment is composed of the principal amount, interest payment, and potentially mortgage insurance.

Live Rent-Free

Lenders offer lower interest rates to people who will occupy their property compared to investors who do not.

Financing

Low Down Payment

Owner-occupied properties don’t require as much of a down payment compared to non-owner occupied borrowers.

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