The idea is simple, buy a multi-family property, move into one of the units, and rent the others out to tenants. The rent you receive from the tenant helps to cover (and eventually cover completely) the housing expenses of the owner.

Is house hacking legal?

Is house hacking legal? ... You may also run into the case that you try to convert a single-family home into a multi-family house where they are not permitted. But, so long as you follow local zoning laws and the rental space is up to code, house hacking remains perfectly legal.

Is house Hacking good?

Truthfully, house hacking can be a very lucrative investment strategy and a huge step toward gaining financial freedom. For one thing, it can help you reduce or completely wipe out your recurring housing expenses.