Contrary to what BiggerPockets and countless other websites may claim, house hacking a fourplex is not the only way to do it! In fact, less than 5% of our clients house hack with a duplex, and only 0.000001% of them house hack with a triplex or fourplex. The other 95% use the following strategies:
- Renting out rooms individually
- Hosting short-term guests on Airbnb
- Renting out to traveling professionals for medium-term stays
- Or, combining a mixture of these strategies
Identifying which strategy you want to pursue will help you determine the type of property you should be looking for.