Here’s how to analyze a house hack from start to finish in just around six minutes. All you need is the purchase price, rent estimates, and some monthly bill projections to crunch these numbers. Once you do, you’ll be one step closer to getting your first house hack and on your way to financial freedom in years, NOT decades. Two-time house hacker Alejandro Yoon is walking through this deal to show you that even a rookie can run these numbers. First things first: what is house hacking? House hacking is a real estate investing strategy that allows you to pay only a FRACTION of your monthly mortgage payment by renting out unused rooms and units in your primary residence. This strategy is essentially a cheat code for buying real estate with very little money, all while dramatically decreasing your cost of living. This is arguably the EASIEST way to get your first real estate deal done, and if you have around six minutes of free time, you can learn how to quickly analyze these house hack deals for cash flow, cash-on-cash return, and potential future profit. Let’s get into it! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Property Manager Finder: https://biggerpockets.com/findapm ~~~~ Grab “The House Hacking Strategy” Book: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media ~~~~ Need Help Finding Rent Prices? Try the BiggerPockets Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media ~~~~ 6 Different Ways to Hack Your Housing (Find One That Works for You!): https://www.biggerpockets.com/blog/6-house-hacking-strategies-you?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 2 Rental Properties by 22 and SERIOUS Cash Flow by Renting Rooms w/Alejandro Yoon: https://youtu.be/PWSNwQUqzIE?si=v6QRVzzeqhxi1mhs ~~~~ Connect with Alejnadro on BiggerPockets: https://www.biggerpockets.com/users/alejandrob54?utm_source=youtube&utm_medium=description&utm_campaign=none 00:00 House Hacking a Duplex 01:30 1. Determine Rental Income 02:05 2. Make an (Offensive!) Offer 02:58 3. Calculate Profits 04:29 4. Project Appreciation 05:23 Would I Buy This?