What is House Hacking?
House hacking is living in one unit of a multi-unit property while renting the other units to cover your mortgage. It is the lowest barrier to entry in real estate investing because you can use an owner-occupied loan with as little as 3.5% down.
Formula
Savings = Total Rent from Other Units - Your Share of Expenses
Good
Other units cover 50%+ of your mortgage
Great
Living rent-free with positive cash flow
Watch For
You must live in the property for at least 12 months with FHA loans
Frequently Asked Questions
What is a good House Hacking for rental property?
A good House Hacking is Other units cover 50%+ of your mortgage. A great House Hacking is Living rent-free with positive cash flow. Be cautious if You must live in the property for at least 12 months with FHA loans.
Track This Across Your Entire Portfolio
becvio automatically calculates House Hacking and 20+ other metrics for every property in your portfolio. Free to start.
Start Free — No Credit Card