Historically, no other asset has created more wealth and the opportunity for inter-generational wealth than real estate.1 However, not all investments are profitable and not all that have invested in real estate have generated wealth for themselves. In particular, this paper seeks to examine a particular strategy known as house hacking which can help individuals in their pursuit to invest in and own real estate. 2 There will be a thorough description of the term “house hacking”, an analysis of the social and economic conditions that foster this investment opportunity, an evaluation of benefits and risks, overview of legal considerations, and I will use my own specific situation as a case in point. The focus is to educate the reader on this specific investment strategy, demonstrate why this is a viable plan, and provide a sustainable model for future investing.
Details
- Hack Your House and Unlock the Door to Possibly Living for Free
- Hoffmann, Simon (Author)
- Stapp, Mark (Thesis director)
- Jordan, Erin (Committee member)
- Barrett, The Honors College (Contributor)
- Dean, W.P. Carey School of Business (Contributor)
- Department of Finance (Contributor)