HOUSE HACKING STRATEGY
What Is House Hacking? House hacking is when a homeowner lives in one portion of a property and rents out another portion to offset housing costs. House hacking is one of the fastest ways for everyday homeowners to start building wealth using the property they already own.
Option A: Purchase a Personal Home
Find the Best Property on the Market
Financing Numbers for the Property
Purchase Renovation Loan
Present House Hack Property
Examples:
Renting a Basement Apartment
Renting a Spare Bedroom
Converting a Garage into Living Space
Adding an ADU (Accessory Dwelling Unit)
Potential Outcome:
Lower Out-of-Pocket Monthly Payment
Increased Monthly Cash Flow
Out-of-Pocket Monthly Payment:
Monthly Payment: $________
Minus Rental Income: $________
Out-of-Pocket Payment: $________
Jeffrey Carlston
Construction Specialist
Phone: 801-548-2627
Email: [email protected]
Inspection and Appraisal Repair Introduction: https://www.youtube.com/shorts/xo2R6Bvi3BQ
Market Ready Repair Program: https://nordichomerepair.com/marketready
