Buy the Building, Live for Free, The Real Numbers Behind House Hacking

What if your tenants paid your mortgage? That is the promise of house hacking, and in this episode of The Bow Tie Edge Real Estate Unraveled, we break down exactly how it works.Victoria Marie Garay of Exit Strategy Realty joins the show for a no fluff masterclass on buying a multi unit property, living in one unit, and renting out the rest. We run live numbers on a 400,000 dollar three unit in Chicago, walk through FHA financing with only 3.5 percent down, explain how rental income changes your debt to income ratio, and reveal why house hackers can qualify for a home that single buyers earning twice as much cannot afford.Victoria also shares the top three things every first time house hacker should check before buying, three red flags that should make you slow down or walk away, why a property inspection is non negotiable, and the real reason rookies should not gut rehab their first deal. We close with a sweet bonus story about how she adopted Sunrise the cat during the pandemic.This episode is for homeowners, future investors, brokers, lenders, fellow attorneys, and anyone who wants to stop renting forever and start building real estate wealth the smart way.Real strategy. Real numbers. Real talk. Welcome to The Bow Tie Edge.