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Use House Hacking Strategies On Multi- Family Properties To Get Into Investing FI by REI, the specialists in helping clients to achieve financial independence, have launched a new house hacking series This new case study reveals just how helpful house hacking can be to kickstart your real estate investor journey! It features in-depth case studies on real-life purchases and how the buyer has used house hacking to positive effect. You can replicate these solutions and utilize house hacking to dive into real estate and start bringing in more money! The newly launched study shows that Ryan Short first heard about house hacking in 2016. The property had two three- bedroom units, a two-bedroom unit, and a one-bedroom unit. After moving into the property, Ryan decided to renovate both of the three-bedroom units. After renovating these units, Ryan was able to rent one three-bedroom unit for $1,350 and the second for $1,450 while living in the third unit. Ryan was able to build equity while living for free in this property. He has been able to use the equity built in this house to finance his next real estate purchase of a 7- unit property with a cashout refinance. Anyone interested in the idea of house hacking can find out more through FI by REI. They have a guide to house hacking on their site, along with the House Hacking Podcast and more case studies. Find out more at FIbyREI.com
