Buying a multi-unit or shared property and living in one part while renting out the rest to offset the mortgage.
It lets buyers use owner-occupant financing (lower down payments, better rates) on what is functionally an investment property — one of the most capital-efficient ways to start in real estate.
Example: Renting 3 of 4 units for $2,700 total against a $2,400 mortgage means living for free plus $300/month.
FAQ
What is House Hacking in simple terms?
It lets buyers use owner-occupant financing (lower down payments, better rates) on what is functionally an investment property — one of the most capital-efficient ways to start in real estate.