Home Goals Podcast
Everyone deserves a place to call home and we're living in a time where reaching the goal of home ownership has never been more difficult. Whether it's tips for saving, home purchase pitfalls, or just general advice in obtaining your slice of the "American Dream", this podcast is dedicated to everyone looking to make their #HomeGoals a reality!
Home Goals Podcast
House Hacking 101: Live Cheap, Build Wealth
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Derrick Thornton, REALTOR®
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Season 1
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Episode 56
What if your home could pay you instead of the other way around? In this episode, we’re diving into the powerful strategy of house hacking—an approach where you use your primary residence to generate rental income and drastically reduce (or even eliminate) your monthly housing costs. Whether it’s renting out a spare bedroom, living in one unit of a duplex, or turning your basement into an income stream, I’ll walk you through the most common ways to house hack, how to run the numbers, and what you need to know about financing, zoning laws, and tenant screening. If you're looking for creative ways to afford a home and build wealth, this episode is for you.