House Hacking 101: Live Cheap, Build Wealth episode artwork

EPISODE · May 26, 2025 · 23 MIN

House Hacking 101: Live Cheap, Build Wealth

from Home Goals Podcast · host Derrick Thornton, REALTOR®

What if your home could pay you instead of the other way around? In this episode, we’re diving into the powerful strategy of house hacking—an approach where you use your primary residence to generate rental income and drastically reduce (or even eliminate) your monthly housing costs. Whether it’s renting out a spare bedroom, living in one unit of a duplex, or turning your basement into an income stream, I’ll walk you through the most common ways to house hack, how to run the numbers, and what you need to know about financing, zoning laws, and tenant screening. If you're looking for creative ways to afford a home and build wealth, this episode is for you.

What if your home could pay you instead of the other way around? In this episode, we’re diving into the powerful strategy of house hacking—an approach where you use your primary residence to generate rental income and drastically reduce (or even eliminate) your monthly housing costs. Whether it’s renting out a spare bedroom, living in one unit of a duplex, or turning your basement into an income stream, I’ll walk you through the most common ways to house hack, how to run the numbers, and what...

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This episode is 23 minutes long.

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This episode was published on May 26, 2025.

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What if your home could pay you instead of the other way around? In this episode, we’re diving into the powerful strategy of house hacking—an approach where you use your primary residence to generate rental income and drastically reduce (or even...

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