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House Hacking: To Good To Be True?

January 02, 20243 min read

House Hacking: The Road to Financial Independence

Hello, fellow adventurers on the road to financial freedom! Today, let's dive into a strategy that's both intriguing and potentially lucrative: house hacking. As your guide, I'm Brian Mackey, and I've been down this road. So, buckle up, and let's explore the world of house hacking!

What is House Hacking?

Simply put, house hacking involves purchasing a property, living in part of it, and renting out the rest. This could be a duplex, triplex, a single-family home with a basement apartment, or even a property with a rentable garden shed. The goal? Have your tenants pay your mortgage (or a significant part of it) while you live almost for free. Sounds like a game-changer, right?

Why Consider House Hacking?

1. Economic Resilience in High-Interest Times

With fluctuating interest rates, owning a home can be financially daunting. But here's the twist: when you house hack, your tenants help shoulder the burden. So, even if interest rates don't dip, your financial hit is cushioned.

2. A Stepping Stone for Novice Investors

Jumping into the world of real estate investment can be overwhelming. House hacking serves as an excellent first step. It's a practical way to learn the ropes of property management and real estate investment without taking on a full-scale landlord role.

3. Paving the Path to Financial Independence

The ultimate goal? Financial freedom. By reducing or eliminating your largest expense - housing - you can save and invest more. Over time, this can be a massive boost towards achieving financial independence.

The Pros of House Hacking

1. Reduced Living Expenses: Your tenants' rent can cover most, if not all, of your mortgage.

2. Real Estate Experience: Learn property management and real estate investment in a hands-on way.

3. Building Equity: As you pay down your mortgage, you're building equity in a potentially appreciating asset.

4. Tax Advantages: Potential for deductions related to your rental space, like repairs and depreciation.

5. Networking: Engage with tenants, contractors, and other investors, building valuable relationships.

The Cons of House Hacking

1. Being a Landlord: It's not just collecting rent; you're responsible for repairs, maintenance, and tenant issues.

2. Privacy Concerns: Sharing your space (even indirectly) can impact your privacy.

3. Financial Risk: If you can't find tenants, or if they're problematic, it could strain your finances.

4. Upfront Costs: You might need a bigger down payment for a multi-unit property.

5. Time Investment: Managing a property takes time and effort, especially if you're new to it.

My Journey with House Hacking

Now, let me share my story. I'm Brian Mackey, and I've lived the house hacking dream. I started with a duplex, living in one unit while renting out the other. This strategy allowed me to slash my living expenses and save aggressively. With the savings, I invested in more properties and diversified my investment portfolio.

The journey wasn't always smooth. I've dealt with late-night repair calls and the occasional difficult tenant. But, the financial and educational rewards have been immense. Through house hacking, I've built a solid foundation for my financial independence. Today, I enjoy a level of freedom that seemed out of reach just a few years ago.


House hacking isn't just a real estate strategy; it's a lifestyle choice. It's about making smart, calculated decisions that align with your goals. Whether you're grappling with high interest rates, taking your first steps in real estate investment, or aiming for financial independence, house hacking can be a powerful tool in your arsenal.

Remember, every journey starts with a single step. As someone who's walked this path, I can attest to the potential rewards. Are you ready to explore the world of house hacking? Let's make it happen!

House Hack


Happy investing, and here's to a future where your home isn't just a place to live, but a stepping stone to financial freedom.

Brian Mackey, House Hacker & Financial Freedom Seeker

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Brian Mackey

Brian is an investor and real estate agent in the Baton Rouge area. He and his wife Janelle have great experience in House Hacking, Mobile Homes, Short Term Rentals and much more. He is a father and a husband who enjoys learning the piano and retro video games.

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Hi, I'm Brian Mackey!

Thanks for stopping by! For those that don't know me, I just wanted to take a moment to introduce myself! My name is Brian Mackey. I am a high level listing agent and investor in the Greater Baton Rouge area. Owning 10 investment properties himself, I truly understand the numbers and how they can drastically effect your real estate goals. Reach out if you'd like a buyers or seller's consultation to see how to get the best deal in any market!


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