Important Note: Before embarking on your house-hacking journey, we recommend doing due diligence to ensure it’s a legal practice in your region, seeking professional advice, and carefully planning your investments according to your individual goals and risk profile.
Have you ever dreamt of a strategy that could help you build wealth while providing a roof over your head?
Well, you can. The strategy is called “house hacking!”
What Is House Hacking?
Full Definition
House hacking allows homeowners to turn an ordinary expense—housing—into a source of income. By strategically leveraging their primary residence or investment property, they can slash their housing costs or even turn a profit.
Ways to House Hack
House hacking can be done in various ways, such as:
- Converting a section of your home (e.g., attic, basement, garage, or even a room) into a separate residence
- Adding an entirely new structure to a piece of property you own and renting it out (e.g., an ADU or “Accessory Dwelling Unit”)
- Purchasing a duplex, triplex, etc., and living in one unit while renting out the others
If this strategy appeals to you but you’re unsure how to identify the most profitable and practical opportunities, we have just the thing for you.
New Course Alert—House Hackers' Toolkit: Leads, Data, and Strategies
In this course, you’ll learn:
- The basics of house hacking (what it is, the benefits, methods, who it’s best for)
- How real estate data can aid you in your pursuit of properties to house hack
- Legal considerations (respecting local laws and regulations, obtaining necessary permits, avoiding HOA violations)
- The potential of utilizing ADUs for house hacking and how you can use PropStream’s ADU Calculator successfully
And so much more!
With housing unaffordable for many people and demand outpacing supply, getting creative with how you get your buy and hold career off the ground is vital.
Let us share the most valuable resources for making savvy house-hacking decisions: Enroll in House Hackers’ Toolkit: Leads, Data, and Strategies today!
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