House Hacking Can Help Pay Your Mortgage

House hacking — which refers to buying a home to live in, while renting out part of the property — is helping many budget-conscious buyers. Here are a few of the benefits.

1
Cover part of your mortgage payment
The monthly rent you charge your tenants can help cover your homeownership expenses.

2
Reduce your monthly bills
Splitting utilities with a fixed cost — like internet — with your tenants helps everyone save.

3
Start real estate investing at a lower cost
If the home is your primary residence, the minimum down payment will be much lower than it would be for a dedicated rental property.

Want to learn more about house hacking and other real estate investment strategies?
Check out our blog on income properties!

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