WREN On House Hacking with Kory!
How do financially savvy people live in expensive markets while saving money?
What is House Hacking?
Simply put, House Hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home. When done correctly, it allows people to live in expensive areas completely for free, or even generate positive income through home ownership. Not too shabby right?
Meet Kory, a Chicago-based professional house hacker and out of state real estate investor with a portfolio mix that includes SFRs and small multi-families across 6 markets. By day, she works for a health tech startup as a business operations leader. Her evenings and weekends involve optimizing her real estate portfolio, cooking, and spoiling her dog.
House Hacking is becoming increasingly popular. It allows people to cut down on their housing and commute expenses significantly. It also allows former renters to start accruing some of the tax incentives associated with home ownership like the mortgage interest tax deduction.
House Hacking is a means for those who cannot afford an expensive home to use creative methods in order to accomplish that goal. It is a way of squeezing every last ounce of value out of a home that you possibly can, in order to benefit yourself financially. Just like everything else in life, House Hacking does come with a cost. In order to save on the financial side, the homeowner must be willing to take on a little more work and sometimes sacrifice a little creature comforts in the process.
Come and learn more! Register today!! www.WRENMonthlyMeeting.com
What: WREN on House Hacking with Kory
Where: Zoom link will be in your “inbox” right after you register.
When: Tues, Nov. 16
Time: 5:00 -6:30pm (PST)
Members Cost: FREE to members AND you still need to register to get the password and link!
At WREN meetings you meet prospective partners, mentors. You gain access and deal flow and the necessary resources that will foster your business development. We care about your success.
If you have any questions please email [email protected]
Register here today! www.WRENMonthlyMeeting.com