House Hacking Explained Simply - Good Idea in 2024?

House hacking is when you buy a multi-family property as an owner-occupant where you intend to live in one unit and rent the others in order to reduce your living expenses.

In this video, I go over the very popular real estate investing technique of House Hacking. I will cover what house hacking is, The pros and the cons of house hacking, Why you should house hack in 2024, as well as how to use a HELOC on your house hack in order to build wealth in real estate.

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[lordtark]

Gold ! Thank you. You deserve a lot more subs

[onlyonek]

planning on getting started this yr. any book recommendations to prep?

[AlexMartinez-mulz]

There is a 3 unit 3 car garage for sale near me. $600, 000. First time home buyer gets me $5, 500 a month. If I live in one unit, who the hell is gonna pay me $2, 750 a month for the other 2 units??! The market seems like it does not support this dream anymore.

[michaelmcwhirter]

Hey man thanks for all the insights on this. I'm in the New Jersey area and I have the VA loan at my disposal. Do you have any tips or any tricks for anything around here? I'm looking at getting a duplex and house hacking.

[motley]

It’s getting VERY hard to find chashflowing assets right now. Unless you’re putting a lot down or buying something that needs a good amount of work done to it, good luck. It’s possible, but harder in the current market

[The_Lift_Legacy]

Are there any states you recommend to find fourplex or multi family properties.

[MelonHead]

FHA 3.5%-5% down good option for house hacking? Planning on waiting until 2025-26

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