House Hacking | #shorts
00:00:00.000 | This has changed my life.
00:00:01.020 | House hacking.
00:00:01.560 | I've done it many, many times.
00:00:03.000 | It's where you buy like a small multifamily property.
00:00:05.580 | Let's call it like a triplex, like three separate units, right?
00:00:08.580 | And they're all over the country, all over the world.
00:00:10.560 | Every country's got them.
00:00:11.560 | And you live in one of the units and then you rent the other ones out.
00:00:14.540 | Now you don't even have to be the property manager.
00:00:16.480 | You can even hire management so you don't deal with the tenants.
00:00:18.820 | But the benefit is one, you can get into these deals for very low money
00:00:22.940 | down, like 3%, 4%, 5% down when you're willing to live in the
00:00:27.360 | property for at least a year.
00:00:28.860 | So let's just say you're somebody you've, you've saved up 20 grand.
00:00:31.860 | Well, what's 20 grand really going to do for you, right?
00:00:33.780 | You throw it into the stock market and you make yourself 10% on your 20 grand.
00:00:37.420 | Okay, good.
00:00:37.920 | You're now making $2,000 a year.
00:00:40.300 | It's not life-changing money, but that same 20 grand, if you were
00:00:43.680 | to buy that duplex or triplex, you could be living for free and saving what
00:00:49.140 | you'd be paying on rent somewhere else.
00:00:50.580 | You can be saving a thousand, 2000, $3,000 a month and building
00:00:55.620 | equity at the same time.