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 this episode covers
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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House Hacking 101: Live Cheap, Build Wealth
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