Short conversational transcript defining 'house hacking' as generating income from a residence to offset housing costs — e.g., renting out a commercial space beneath a home, renting bedrooms in a multi-bedroom house, or broadly any method that produces income from a property you live in to pay or reduce housing expenses.
To just explain what house hacking is.
You can buy a house that has a business underneath you, you rent out the business, that helps cover the mortgage or your housing expense. You can buy a five bedroom home and rent every single one of those bedrooms out. That's going to help with your housing expense. But that's house hacking, right? You can, I mean, technically I was apartment hacking, but it's any way that you can generate income off of a property that you live at, either pay you money to live there, or just kind of offset your, your housing expense.
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