House hacking is a term coined by Brandon Turner of Bigger Pockets, my favorite Real Estate investing website. Simply put, house hacking is getting other people to pay the mortgage payments of a house you occupy. This is done by renting out the other units or rooms.

Many transplants want to live close to the city and are paying $1,200+ in rent each month AND living with a roommate or even a couple roommates. That’s $14,400+ a year on housing alone! I was dumbfounded by how many people in Austin are in this rental situation and I wanted to make one thing clear… there is a BETTER WAY!

A home appraisal determines the value of the building. So what do you do when the home is appraised for a low amount? Find out here!

Congrats! You just put an offer down on a home and it was accepted! This is HUGE and cause to celebrate. But hold on one second.. this isn’t over yet! There are a couple steps left before the keys are placed in your hand.