358: House Hacking: Live for Free and Turn Your Biggest Expense into a Profit Center

Published: Oct. 24, 2019, 9 a.m.

What if you could make your rent or mortgage payment go away?\nOr, what if instead of paying that expense every month, your living situation actually paid you?\nIt\u2019s not as far-fetched as it may sound.\nIn fact, that\u2019s exactly what today\u2019s guest, Craig Curelop, has done by intentionally "house hacking" over the past few years.\nHe\u2019s even written a book on the topic, and it's one I wish I\u2019d had when I was 18 or 19! I would have definitely done some things differently.\nThe basic idea is to use other people\u2019s rents to offset, or even profit from your own housing costs. On top of that, you'll begin building wealth through real estate and earn tax benefits as well.\nIf you have a spare room or two in your home, or you're interested in house hacking, this episode is going to get the gears turning for you.\nTune in as Craig runs through some examples of how you can do this. Whether you\u2019re a young professional, or you have a family of your own, you can offset some or all of your mortgage payments.\nBut keep in mind, this isn\u2019t a common path -- this is living for a period of time like others won\u2019t -- as you\u2019ll hear from Craig\u2019s story.\n\u201cTypically you\u2019re going to sacrifice comfortability with profitability,\u201d Craig explained to me. But living for a few years like others won\u2019t has given Craig the financial independence to potentially live decades like others can\u2019t.\nFull Show Notes: House Hacking: Live for Free and Turn Your Biggest Expense into a Profit Center