The everything guide to house hacking : your step-by-step guide to: financing a house hack, finding ideal properties and tenants, maximizing the profitability of your property, navigating the real estate market, avoiding unnecessary risk Cover Image

Book

The everything guide to house hacking : your step-by-step guide to: financing a house hack, finding ideal properties and tenants, maximizing the profitability of your property, navigating the real estate market, avoiding unnecessary risk / Robert Leonard.

Summary:

"For most people, rent or a mortgage takes up the largest chunk of their income. But with house hacking, that piece can come down to virtually zero--and it's easier than you'd think! In its simplest form, house hacking is the real estate investment strategy where you buy a multifamily house and rent it out to cover your costs and live for free. But this can come in all shapes and sizes, whether it be inviting in roommates, owning multiple properties, live-in flips, vacation rentals, or even participating in Airbnb. In The Everything Guide to House Hacking, you will learn: the pros and cons of house hacking; the minimum you need to get started; whether renovating is worth it; how to be a responsible landlord; and more! Discover everything you want to know about homeownership and how you can build wealth from your investment properties. The path to financial freedom starts here"-- Provided by publisher.

Record details

ISBN: 9781507217191
ISBN: 1507217196
Physical Description: 255 pages ; 23 cm.
Edition: First Adams Media trade paperback edition.
Publisher: New York : Adams Media, 2022.
Copyright: �2022

Content descriptions

General Note:

Includes index.

At head of title: "Live for free, earn passive income, and build wealth with your own home."

Formatted Contents Note:

Introduction -- House hacking 101 -- The benefits of house hacking -- Conventional strategies of house hacking -- Unconventional strategies of house hacking -- Your real estate team -- Finding the right property for your house hack -- Finding the right market for your house hack -- Analyzing house hack deals -- The steps to buying a property -- Financing your house hack -- Finding and managing your tenants -- Your property's financials -- Building on your experience -- Appendix A: The buying-home-checklist -- Appendix B: Market research -- Appendix C: Real estate team -- Appendix D: Property search notes -- Appendix E: New home checklist -- Appendix F: Calculating income -- Appendix G: Tenant applications.