Get Insights Into Renting Out Issues And
Income With A House Hacking Case Study
If you’re having doubts about
your ability to make money out
of real estate investments,
this can change your mind.
Based in New Orleans,
Louisiana, FI by REI launches a
new episode of the House
Hacking Case Studies podcast,
this time featuring an anonymous
blogger from Orlando.
The seventh installment of the series
again inspires listeners with the story
of how the featured guest,
TheYoungRetireeBy33, was able to
free themselves from monthly rent
and generate income from their
rental units.
The new episode perfectly demonstrates
the concept of house hacking, or the idea
that you can minimize, if not totally
eliminate, your housing expenses simply
by making wiser decisions. The financial
blogger’s chosen method was roommate
style house hacking.
When TheYoungRetireeBy33
conceived the idea in 2016,
they were spending $1,200
per month on rent for a one-
bedroom rental.
Convinced that they did not
want to waste any more on
rent, they decided to invest in
a single-family home in
Orlando, Florida.
The podcast then begins narrating
how the blogger took in a friend that
was new to town as their first ever
tenant. Seeing that it can be a
lucrative undertaking for them, they
accepted additional tenants into their
home.
The homeowner-turned-
house hacker also put in
some cash to convert the
home’s office into another
rental unit.
Conventional of their storytelling, FI by
REI highlights both the victories and
challenges of the blogger with their
house hacking attempts, while
detailing the finances involved in the
project to illustrate how viable the
scheme can be.
The episode also shows that
anyone can be successful at
house hacking if the blogger, a
director of operational excellence
by day, can manage to turn the
project into a profitable venture.
Learn more at
FIbyREI.com.