House Hacking in Los Angeles
1. What is House Hacking? House hacking in Los Angeles is a strategy that involves buying a property, living in one part of it, and …
house hacking
How Graham Stephan Lives for Free (House Hacking – Los Angeles)
House hacking is a real estate investment strategy that involves buying a multi-family property and renting out the other units to cover your housing expenses. …
FIRE Update – December 2022 – £124k – (Joint Finances and Life Changes)
Why it was tough? December was a tough month. Not only were the markets unkind to me (I have feelings too!), but it’s the most …
Rent a Room Scheme – House Hacking in the UK – My Experience
I posted about “house hacking” specifically focused on the UK in the middle of last year when my cousin moved into my house for 12 …
House Hacking in the UK:
One of the key benefits of house hacking in the UK is the potential tax benefits under the “Rent a Room” scheme, which allows you to earn up to £7,500 tax-free. This strategy can increase your monthly net worth by reducing your mortgage payments, thereby accelerating the path to wealth. £7500 tax free is worth nearly £15,000 pre-tax if you are top-rate tax payer, although I admit most top-rate tax payers probably won’t opt for this option!