Introduction
Real estate can be a lucrative investment, but it can also be a significant expense. However, there is a strategy called “house hacking” that can help you live for free through real estate. House hacking involves buying a property with multiple units or extra space and renting out the extra units to cover your living expenses. In this article, we will explore the concept of house hacking, its benefits, and how you can get started with it.
What Is House Hacking?
House hacking is the practice of purchasing a property with the intent of generating rental income to cover your own housing costs. The idea is to live in one unit or part of the property while renting out the remaining units or spaces. This strategy allows you to offset your mortgage, bills, and other expenses by leveraging the income from your tenants.
