Mark Kohler explains house hacking: buying a single-family home and converting it into six separate rental units by adding extra kitchens and bathrooms. Tenants get cheaper rent and community. The strategy is spreading through Phoenix.
House hacking, where you go buy a house, but you're renting rooms. There's real estate conferences now where they're talking about house hacking and taking a home that's a three, two. And turning it into a six. Three. They're turning it into six rooms, people. They're sharing the kitchen. They're putting in two fridges, two stoves, they're creating smaller bathrooms, and they're basically creating these little homes with mini apartments. And it's allowing people to save money on rent, still have a social experience. They're not isolated, they're not alone. And it's happening all over Phoenix right now.
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