There are numerous benefits to House Hacking. In this video I go over the four that I think are the most impactful.
- The biggest benefit of House Hacking is that it can drastically reduce your monthly living expenses. See what the Bureau of Labor and Statistics says about the average expense for shelter. https://www.bls.gov/opub/reports/consumer-expenditures/2019/home.htm
- The second biggest benefit of House Hacking is that you can use owner-occupied financing for an income producing property
- The third biggest benefit of House Hacking is that you can partially treat your home as a business
- The fourth biggest benefit of House Hacking is that you are at your property often which gives you the opportunity to improve your investment as you improve your living situation.
To hear more details be sure to watch the video.
Not sure what House Hacking is? Check my other video where I go over the basics: https://youtu.be/dbP9ceyNJ0o