BiggerPockets Daily
Does House Hacking Still Make Sense?
Jan 9, 2025
Discover how house hacking can help alleviate soaring housing costs and generate passive income. Learn about various strategies, from renting out a room to setting up an accessory dwelling unit. Get practical tips on preparing your space, understanding landlord laws, and effective marketing. Explore the benefits of out-of-state investments and hear real-life success stories. This guide provides valuable insights for both newcomers and seasoned investors looking to maximize returns while minimizing risks.
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Quick takeaways
- House hacking remains an appealing strategy amid fluctuating interest rates, enabling homeowners to generate income by renting out portions of their property.
- As mortgage rates decline and affordability improves in 2025, new investors may find opportunities beyond traditional house hacking models for better returns.
Deep dives
The Impact of Market Changes on House Hacking
House hacking has gained traction in response to rising interest rates and affordability issues, particularly from 2022 through 2024. As 2025 begins, interest rates are trending down, which may create a shifting landscape for real estate investors. For those considering house hacking, the decision largely depends on personal investment strategies and property availability. Key insights include evaluating the type of property and rental arrangements that suit individual financial goals.
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