Short promotional explanation of "house hacking" aimed at Gen Z and millennials: buy a multi-unit property (duplex, triplex, fourplex), rent out the extra units to cover the mortgage and live rent-free, use renovations to add value and accelerate equity growth, and focus on more affordable/tougher neighborhoods for best opportunities. Ends with a call-to-action to follow for help/questions.
If you want to own a home before you're 50, house hacking might be Gen Z's and millennials only hope House hacking is the most accessible method of becoming a real estate investor. Here's how it works. Buy a property with multiple units, like a duplex, a triplex, maybe even a fourplex. You're going to rent out the other unit or units. This will usually provide enough income to cover your mortgage and give you a place to live rent free. The best opportunities are going to be in the tougher parts of town, so so just keep that in mind. And the more renovations the property needs, the more opportunity you have to add value through your own handiwork. House hacking helps you build equity and get your foot in the door to begin riding the market as your property appreciates even faster through your own improvements. If you feel like you have what it takes, follow. We can help answer your questions.
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