Live free while building wealth the House Hacking way

Sanncha Kiss

Real estate investor

house hacking 

house hacking strategy is one way to get started in real estate investment.  This strategy is one that requires the least amount of cash.   By working with a knowledgeable Realtor, this can be achieved hassle-free at the time of purchasing your very first home.  If you already own your primary residence, you can do this by renting out a part of the property, such as a bedroom, basement or any portion of your home.

“house hacking is when you live in one of the multiple units of your investment property as your primary residence, and have renters from the other units pay your mortgage and expenses“

If you are buying your first home, you can start with a duplex and designate one unit your primary residence.  The benefits are great!  With the right deal, your mortgage payments will be covered all while building wealth through Equity simultaneously!

I started out in real estate with the house hacking strategy.  I did very small remodeling to the basement of my single-family primary residence and converted it into 2 bedrooms with a shared common area.  I rented these rooms to individual college students and the income from that covered the mortgage and most of the expenses for utilities.  The savings from this strategy allowed me to accumulate extra money to invest in additional investment properties.  

 CONCLUSION

You can live free while building wealth using house hacking strategy. Now is an exciting time to invest! Interest rates are at an all time low!  There are great deals on newly built multi-family properties especially in the Lehigh Acres area. Contact me to find out more.

About the Author:

Sanncha Kiss is a savvy, versatile Real Estate Investor who has been investing in single-family homes in Ohio and Florida for many years.  Currently, she is a Real Estate Agent in Florida with a passion for helping others with every aspect of real estate. Connect with her today!