Nov 25, 2020
Main Aspects to Consider When House Hacking
If you have been following my podcasts you know that recently,
my wife and I purchased a farm. Currently, we are rehabbing the
main house with plans to rehab the barn for an antique shop
business and add three to five Airbnb’s on our property. Our plan
for this property is a modified House Hack; a meld of rental
property with a home residence.
In this episode, I am going to go through the not so obvious
aspects of house hacking. I will break that down into two
categories; financial and lifestyle. There are so many pros to
share with you about this type of lifestyle.
Stick with me on this as I lay out the positives. In addition, I
share an example of the numbers, how money is really time, and how
house hacking will cut the number of work hours you need to
complete by 75%! Enjoy!
Key Takeaways
- Learn what it means to house hack
- House hacking is beneficial to personal finances
- See how your cost of living can be covered
- Learn the tax benefits
- Saving a dollar is more than a dollar earned
- How to avoid giving up your lifestyle
- STR can be set up and automated
- Purchas a nicer house due to STR benefits
- Work hours are decreased
- Payment of other household expenses
Links
Green Vet Homes Website - https://www.greenvethomes.com/
Living Off Rentals Facebook Group - https://www.facebook.com/groups/LivingOffRentals/
Living Off Rentals YouTube Channel -
https://www.youtube.com/channel/UCRpWXe2mWqBm5vvbO2R2AdA?sub_confirmation=1
Living Off Rentals Website – www.livingoffrentals.com