Discover the path to financial freedom with this step-by-step guide to house hacking—the simple real estate investment strategy that lets you live for free and earn income.
For most people, rent or a mortgage takes up the largest chunk of their income. But with house hacking, that piece can come down to virtually zero—and it’s easier than you’d think!
In its simplest form, house hacking is the real estate investment strategy where you buy a multifamily house and rent it out to cover your costs and live for free. But this can come in all shapes and sizes, whether it be inviting in roommates, owning multiple properties, live-in flips, vacation rentals, and even participating in Airbnb.
In The Everything Guide to House Hacking, you will learn: -The pros and cons of house hacking -The minimum you need to get started -What a smart investment looks like -Whether renovating is worth it -How to be a responsible landlord -How to find responsible tenants -And more!
Discover everything you want to know about homeownership and how you can build wealth from your investment properties. The path to financial freedom starts here.
Andrew Kerr is the host and founder of FI by REI (Financial Independence by Real Estate Investing) website and The House Hacking Podcast. Although his career began in mortgage banking, in 2008 Andrew found his true calling in nonprofit work after volunteering to help those affected by flooding in Cedar Rapids, Iowa. To dedicate more time to the work he had grown to love, Andrew created a plan to maximize his real estate investing and house hacking efforts. Due to his success in real estate investing, he has focused his efforts on the nonprofit sector. His achievements include scaling two small nonprofits to over $1M per year in revenue/donations and is working towards a goal of raising $25M for charity. Based in New Orleans, Andrew travels the world raising money for nonprofit organizations. He shares his REI knowledge and experience freely to inspire others on their path to financial freedom through his website and podcast.