Women Creating Wealth

6 House Hacking Ideas You Can Copy To Make Easy Money


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Welcome to the 10th episode of Women Creating Wealth! Today, we’ll talk about real-life house hacking examples (from a tiny shed to a mansion) that would hopefully convince you that house hacking works!

Aside from that, I’ll also be sharing today some money-saving tricks to keep your house hacking cost as low as possible, the proper mindset to determine house hacking opportunities, and more.

So if you want to get your feet into real estate investing before retirement, or if you’re already retired and want to earn money while pursuing things that you love, check out episode 10 of Women Creating Wealth.

 

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Key Takeaways:

  • Intro (00:00)
  • House Hacking is not always short-term rentals (01:36)
  • Can you house hack your investment property? (02:19)
  • Ask yourself these house hacking questions (04:40)
  • House hacking a less than 200 sq. ft. shed into a tiny house rental (06:09)
  • House hacking a 250 sq. ft. tiny apartment (08:50)
  • House hacking a 4-bedroom house (10:34)
  • My budget-friendly 1,200 sq. ft. ranch house hack (12:03)
  • How long-term tenants helped my friend pay off his mansion (17:04)

 

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Additional Resources:

- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics

- Listen to Episode 8: A Beginner’s Guide to Airbnb Rental Arbitrage (Starting an Airbnb business with no house and a little bit of money upfront)

- Listen to Episode 9: House Hacking Strategies That’ll Add 5 Figures to Your Income (with Cassie Parks)

- Grab a copy of my book Empower Your Inner Millionaire

- Sign up for my FREE real estate course here

- Visit my real estate blog here

 

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Connect with Me:

- YouTube
- Facebook
- Instagram

 

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Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.

Be sure to follow it on your favorite podcast platform!

 

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Women Creating WealthBy Christine McCarron