Welcome back rich girls new and old to the money with Katie podcast.

I have got a good one for you today where I attempt to answer a question that has been

constantly on my mind over the last six to eight months is house hacking still lucrative

in 2022's housing market.

That was the question that I set out to answer when I decided to pursue a house hack in Fort

Collins, Colorado for the uninitiated Fort Collins is about an hour and a half north

of Denver.

And if you've spent really any time on Zillow in the last year, you know that that market

is just crazy, but the personal finance community reveres house hacking.

And why wouldn't they?

It sounds like the ultimate shelter arbitrage.

So for those unfamiliar with the concept, let's briefly review what house hacking is.

House hacking involves purchasing a multi-family property, usually sometimes people will rent

out a basement or a room in a single family home and then using the rent from the second

unit or the extra room to cover most or all of the housing costs associated with ownership.

Of course, this does assume a few things that have to be true.

For one thing, the market has to support a monthly rent that's high enough to offset the

monthly costs of ownership and the monthly cost of ownership can't be so overinflated

that there's no chance the rental market could support it.

So predictably, there are a few rules of thumb that govern what's considered a good house

hack.

But like most things, the expenses on the margins can really make or break the deal.

...