11/26/2022
Are you finding it IMPOSSIBLE to buy your first home? Let’s talk about that
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Here is a clever way to save you big bucks. House hacking. What is it. House hacking is a way to buy your first home, invest in real estate all while saving money, and making money in the long term.
Buy it as your first home. This may seem scary but it makes sense, especially if you are renting right now. Because -
➡️ You are in the same sort of living arrangements in a unit that is shared with other people in the building itself.
➡️ Even if the tenant isn’t paying the entire mortgage you are getting a discount on rent FOR SURE.
➡️ Saving more money for your dream home.
If you are a househacker I would love to hear your experience Let me know your experience in the comments.
You may be apprehensive because it’s like another job. There are side steps. A good property manager takes many of the responsibilities out of your hands. They deal with the operative tasks and you get paid. They usually cost only a portion of the monthly rent and then they bill out the work that they do with your permission of course.
When that time comes to buy your dream home, you will have tons of money saved and you don't even need to sell the property. Keep it, rent out the unit you were living in. Now, you have an addition to your retirement plan, your investment journey started and an additional income source.
If you have any questions about investing pathways or different ways to invest. Get in touch. Prices are low its a good way to protect against rising interest rates.
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If you are looking or thinking of starting your investment and home ownership journey. Send me a message on any of my socials and I can answer any questions you have. I would love to help you in any way I can.