Value Add With K&k

In this episode, we'll discuss house hacking, a real estate investment strategy where you live in a property and rent out a portion of it to tenants. House hacking can be a great way to lower your housing costs, build equity, and start your real estate investing journey. What is house hacking? House hacking is a strategy in which you buy a property that has enough space to live in and rent out a portion of it to tenants. The goal is to have your tenants cover all or most of your monthly mortgage payments, property taxes, and other housing costs. This can free up a significant amount of your income, which you can use to invest in other assets, save for retirement, or simply enjoy life. How does house hacking work? There are many different ways to house hack. Here are a few examples: Buy a multifamily property, such as a duplex or triplex, and live in one unit while renting out the others. Buy a single-family home with a finished basement or an in-law suite and rent out the extra space. Buy a condo o