Does it cross your mind how life would be if you could randomly pick life expenses and have them paid for by someone or something else? What if I told you your mortgage could be paid for by someone else? It is very possible through a process called house hacking! House hacking is indeed a great life hack. You probably drive past multiple unit properties in your city or town and think those size residences may be out of your budget or price range. They aren’t if you can fill the other units in a duplex, triplex, etc.
The premises of house hacking is that someone else is covering your mortgage and other expenses related to your property while you live for free, build equity and also create monthly cash flow. I personally house hack and I live in a single family home. People fret about what its like to share your home with someone who isn’t family or you’ve known for the majority of your life. It’s similar to when jobs do a background check on potential new hires. You do your due diligence and get to the bag! This is a great option to consider when preparing to acquire your first piece of real estate. Is this something you're willing to consider? Let us know!