If you are interested in buying a house then you should think about house hacking as that is where many people start from as it involves someone buying a house. In the industry most people tend to advise someone who is new in the real estate industry not to invest in a home that they will have a hard time in paying for it but things are usually done differently when it comes to home hackers as they usually invest in homes that they can get their hands on.If you are among the lucky people who can be able to get approved for a decent mortgage that can be enough to buy a three to five bedroom house then you should never shy off from doing so as you can be able to house hack like a champ.Someone can buy a five-bedroom house, then they take one bedroom for themselves and then rent out the other four to either roommates or a combination of roommates. The best thing is that not only with the rent cover your mortgage but it will also cover your utility expenses.At the end of the day, you live for cheap, and in some cases, you might be able to make a profit. It is important that you ensure that you think of your home as a business when you purchase it.
Most real estate gurus usually advice people to start off small at house hacking and then try their hands at owning and managing a duplex. After you have done that you can continue to branch out into triplexes and quads. It is usually beneficial for someone as you will be able to beef up your portfolio this service really fast this way. Most people usually only have the this company experience of becoming a landlord in their own house, but they usually do not have any knowledge when it comes to her these kinds of dueling, and that is why it is recommended that someone should find a mentor. Find a good mentor can be such a hard task for someone most especially if they do not know where they can get one.
It is usually important that you find a real estate mentor and you can always start by logging in issue social media and start making friends who are on the real estate industry by joining such forums that have people have the same interests as you. One thing that you should know is that, if you join social media real estate forum that are from your local area, they tend to have meetups once a month, you can take that opportunity and show up for the meetings and start talking to people. The best thing about being able to find a mentor is there ensuring that you are yourself at all times and when someone is trying to educate you, you should listen carefully.