Buying A Home
What is House Hacking?
House hacking is typically the purchase of a multi-unit property with the intention of occupying one unit and renting the remainder in order to reduce the overall housing expense while simultaneously building wealth. That’s a mouthful! And it’s only one of many definitions. In my work with clients, typically we’re talking about the above definition, which said more simply, is living in a duplex, etc that you own while renting out the other units. Though more broadly the term can be used to mean producing income out of a house you live in potentially be renting rooms, garage space, gardening
