Jacob Reeves shares his experience with house hacking and how it has allowed him and his wife to live for free by renting out a portion of their home on Airbnb. He provides tips on setting up a space on Airbnb, finding the right property, and managing a rental property. Jacob emphasizes the importance of research and running the numbers before getting into house hacking. He also offers a spreadsheet and training on his website to help others get started with house hacking.

Chapters

00:00 Introduction: Revolutionizing Home Ownership with House Hacking

03:02 Chapter 1: Setting Up a Space on Airbnb

07:29 Chapter 2: Finding the Right Property for House Hacking

09:09 Chapter 3: Challenges and Lessons Learned

13:06 Chapter 4: Managing a Rental Property

15:21 Chapter 5: Financial Benefits of House Hacking

Takeaways

• House hacking involves buying or renting a home and living in part of it while renting out the other part to cover living expenses.
• Research is crucial in finding the right property and setting up a space on Airbnb. Look at other listings in the area and consider the target demographic.
• Running the numbers and understanding the potential income from house hacking is essential before making a buying decision.
• Managing a rental property requires communication with guests, cleaning, and planning for maintenance.
• House hacking can have financial benefits such as paying down the mortgage faster and gaining equity in the property.

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