House Hacking Triumph? A Pursuit of Financial Independence Story
The siren song of passive income was calling…”gotta get ahead, gotta escape this rat race, gotta get on that path to Financial Independence! Okay, I’ll build a Real Estate empire, problem solved! Here’s my experience of navigating the obstacle-laden, pitfall-prone process of trying to House Hack using a small multi-family rental property.
I poured over the internet, read tons of books, listened to podcasts, joined forums. Anything and everything Financial Independence/Retire Early, I consumed. Eventually, I landed on the House Hacking as a strategy to Financial Independence and convinced my boyfriend to do this with me. We had been aggressively saving and managed to get a few pennies together. “Don’t have analysis-paralysis…it’s time to do something!,” I thought. I picked up the phone and called a realtor. The first domino was set in motion.
Finding my House Hacking Property
My house hacking strategy was to buy a small multi-family, duplex, house with a guest house, something along those lines. I would live in some part of it, and rent the rest. The numbers needed to work such that I lived with little to none of my money going towards the mortgage.
Lunch breaks, Saturdays, every spare minute I was running around to every multi-family in…
