House Hacking Tips

I totally understand how homebuyers, especially first-time homebuyers, can experience sticker shock at housing prices and start to wonder if they’ll ever find the home for them.

Luckily, there are more strategies than ever available to help you make owning that home a reality.

I like to call these strategies “House Hacking,” and I’d like to share a few of them with you. If any of these sound interesting, please call/text/email to set up a convo with me!

“AirBnB”

Buying a home that has the option to use part of it as a short-term rental can help you defray the cost of your mortgage. As someone who is doing exactly that (I have an AirBnB unit in the basement of my house), I am very familiar with the pros and cons as well as the types of homes you should be considering if this strategy interests you.

Roommate Rentals

If you’re currently renting right now, and especially if you’re renting with roommates, have you ever considered being the landlord yourself? If you’ve been thinking about moving out and buying a house, think about what it might mean if you brought your roommates with you into that new house to make it an easier financial transition.

Invest with Friends

A trend that is rising in popularity is investing in property like mountain homes or second homes with friends through an LLC. That’s exactly what happens at Cohana, a company co-founded by my friend Noah that helps groups buy and manage vacation properties through a co-ownership model.

If you’re looking to buy a house but might need a creative solution to make it happen, please call/text/email me and we can chat about these strategies to see if they’re right for you!