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House Hacking Misconception: Do you have to live for free for house hacking to be successful?

Does a successful house hack mean living for free? No! For example, if you are currently paying $2000/month in rent, every dollar you spend on your monthly rent is gone forever. Now, let’s say you find a house hack that decreases your living expenses to $1500/month and still cash flows after moving out. That’s a win in our book.

Here’s why:

  1. You decreased your living expenses.
  2. The money you spend per month goes towards your mortgage principal, not rent.
  3. You purchased a future rental property that will create a solid runway for long-term wealth creation.

Click here to listen to a podcast where we interview Ben and Alyson Einspahr about their first house hack experience.

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