This is the million-dollar question! The short and quick answer is YES! It still makes sense to rent by the room house hack in today’s current market conditions.
Rent by the Room House Hack Example:
Our client’s goal was to live for free while building his house hack stack to financial freedom. Being a young professional, the rent by the room strategy worked perfectly for him since he was already used to living with roommates. Jeff White, our house hacking expert, and investment-friendly realtor were able to find him a move-in ready 5-bedroom house in Westminster for $500,000. Using an ultra-low down payment assistance program Jeff introduced him to, he was able to purchase the asset for $3,400 all in!
While living there, he will be living for free plus an additional $200/month cash flow. After moving out and renting out the room he was staying in, the property will cash flow $1,000/month after all expenses!