What is House Hacking…
Great question! House hacking is a real estate strategy that involves buying a property and making it an investment by renting part of the property. It is also a way of lowering your monthly housing cost.
An example of house hacking is buying a single-residential property and turning the basement into a small apartment space and renting it out. Or renting out a spare bedroom. Another example is buying a multi family, living in one unit, and leasing the other units. The tenant’s rent then covers most or all of the mortgage payment. When you move out of your unit and rent it, then it becomes a great cash flowing property!
Once we are under contract, our team will set up inspections for you and start the contract to close process. We’ve completed this process over 200 times, so we have your back. This will probably be your first home purchase, so we are understanding if questions and concerns come up. Our list of contractors and PM’s are available for you as well before, during, and after the contract.
If If you’re ready to start your investment journey, or have any questions related to St. Louis, rental properties, or just want to talk about how awesome Imo’s Pizza is, feel free to email me directly at brian@stlmogul.com
