Learn how a financial blogger was able to pull off a house hacking project that now allows him to live without worrying about rent, while also getting some income on the side.
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.
Learn more at https://fibyrei.com/house-hacking-case-study-7.
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.
Founded in 2018, FI by REI is an advisory firm specializing in helping individuals like you achieve better lives by way of real estate investments. They are the same company behind The House Hacking Podcast, another show dedicated to showcasing the real potential of house hacking as an activity.
You may access additional details on the episode and the entire podcast through the link above.
