House Hacking Your Way to Ownership

One alternative strategy to consider is house hacking — buying a property with the intention of renting out parts of it to offset your mortgage payments. For example, you could buy a multi-unit property and live in one unit while renting out the others. Or, you could buy a single-family home with a separate in-law suite or basement apartment that you can rent out.

House hacking can be a great way to get into homeownership with a lower upfront investment — and potentially even live for free if your rental income covers your mortgage payments. Landlords face a unique set of hurdles and obligations. Screening tenants, tackling maintenance and repairs, and staying compliant with local rental property laws are all part of the job description.

Would you like to read more? Please visit our blog- https://www.mwloan.com/blog/strategic-home-buying-7-insider-tips-to-win-the-game
Or give us a call: (760) 883–5700