I used house hacking to own a home for nearly $0 out of pocket per month! – Instagram: @Bowles
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House Hacking My DREAM Home | Financial Minimalist
In this video I show you how I live almost for free in my 6,200 squarefoot home in Arizona!
This video has 3 main financial focuses:
– Rental income collected from my roommate
– Principle Pay down on the mortgage every month
– The cost of having to rent and live somewhere else.
I take you through exactly how I made sense of purchasing a single family home for $890,000 that costs about $7,300 a month out of pocket with all expenses included, yet is able to be house hacked very efficiently to work out to less than $4,000 a month in expenses, with about half of that being principle pay down towards my mortgage, plus I get to take additional write-offs by having a home office!
Theres also many tax benefits to investing in real estate. Investing in your 20’s to do something like house hacking real estate can be a great way to grow your wealth and save money! It’s a great strategy and ties right into financial minimalism. I’m not a perfect minimalist by any means, but ZI love saving money if I have an opportunity to do so!
So if you have been wondering how to invest and the different real estate strategies you can use to get a cheap home or see how to live for free, then make sure to watch the entire video!
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*Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based my own own experience and research. There is no guarantee on anything due to the fact that there are many variables in your success.