The House Hacking Podcast
Welcome to the home of The House Hacking Podcast, the show dedicated exclusively to house hacking. Whether you want to have extra money in your budget to pay down debt, to get ahead financially or to learn about real estate investing, there is no better place to get started than House Hacking.
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Room Rental House Hacking
Renting out a room in your house is a straightforward way to house hack. You can rent out the extra rooms in your house to long term tenants or short-term vacationers through Airbnb to cover your housing costs. In this situation, you would likely share common areas with your renters.
Income Suite House Hacking
If your current housing situation doesn’t have any extra rooms, then you could convert or modify the space you have. Consider adding a mother-in-law suite or finishing a basement to create extra livable space to rent out. Modifying existing space gives you more control over your house hack. You could create a space to maximize privacy for yourself and your renters or leave it more open.
Accessory Dwelling Unit (ADU) House Hacking
An accessory dwelling unit, or ADU, refers to another building on your property. You can rent out this separate building to cover the cost of your total mortgage. A few options might include converting a pool house or adding an apartment above your garage.
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Small Multi-Family House Hacking
In this scenario, you would buy a small multi-unit home and rent out the extra units. For this type of house hack, you can only buy a building with up to 4 units to ensure owner-occupancy financing benefits. For example, you could buy a duplex and rent out one side. It is a great way to maximize privacy while enjoying the benefits of a house hack.
Work Provided Housing House Hacking
Work provided housing is the lowest maintenance house hack option. Essentially, you find a way for your employer to pay for your housing. You might be surprised to learn that many employers offer free or subsidized housing to their employees.
Live In Flip
If you don’t want to be a landlord but still want to house hack, you have options. The slow flip option means that you will buy a fixer-upper and live in it while you flip it. Typically, you’ll live in the house for at least 1 year while you fix it up. After you’ve made the house an inviting home, you can sell it for a profit and move on to your next house.
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Who is The House Hacking Podcast For?
This show was really designed for two sets of individuals. The first is for the person that wants to learn about real estate investing. If this is you, you’ll get to learn about the wonderful niche of house hacking.
The second set of individuals that this show was made for is those that are interested in improving their financial situation. By learning and doing a successful house hack, you can rapidly accelerate your ability to achieve financial independence.
Who will be on The House Hacking Podcast?
The show will interview individuals from all walks of life that have done a house hack. You will learn from their real life experiences. We will also have on industry experts to help you understand the house hacking process from start to finish.
If you need a primer on what is house hacking, be sure to check out our Ultimate Guide to House Hacking