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Hot deals September 19, 2022

Top 5 house-hacking deals Sept. 2022

Top 5 house-hacking deals for September: Utah County 2022 PDF

Click here for your free PDF house hacking deals guide:

By AJ Griffin, Realtor, 435-619-3465, ERA Brokers, GreatWesternUtah.com

What is house hacking?

With rising interest rates and high prices, buying is unaffordable for many would-be home buyers. “House-hacking” is when a buyer finds a way to create rental income from an owner-occupied home. When I bought my first home right after college graduation, I took my roommates from the Provo apartment we shared and they began paying me rent. Later when I was newly married, I turned the first property into a rental property and bought another home with a “mother-in-law apartment” (a basement with it’s own kitchen, bathroom and entrance). My wife and I rented out the basement while occupying the main floor creating additional rental income. The real magic happens when you move out and buy again using your established rental income, to turn these “house-hacked” properties into fully fledged, cash flowing property rentals. In the same moment, as your tenants pay down the mortgage in the form of their rent, market appreciation builds equity and wealth in your properties.

Here are my top 5 picks for properties on the market right now that you could house-hack!

https://greatwesternutah.com/files/2022/09/House-Hacking-Doc-Sept-2022-2.pdf

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Top 5 house-hacking deals for September: Utah County 2022

By AJ Griffin, Realtor, 435-619-3465, ERA Brokers, GreatWesternUtah.com