House Hacking: The Secret to Affordable Housing (Canada)

House hacking is essentially a real estate investment strategy where you buy a property and live in it while renting out part of it to cover your mortgage and housing expenses. It’s a powerful way to start your journey towards financial freedom without needing to have tons of money upfront. And yes, you can absolutely house hack in Canada! From Vancouver to Toronto, many Canadian cities offer great opportunities for house hacking. In this video, we break down the steps to get you started.

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Timestamps -
Introduction to House Hacking - 00:00
1. Finding the Right Property - 00:48
2. Renovations - 1:04
3. Finding Tenants - 1:26
4. Managing the Property - 1:44
5. Part 2: Types of Properties that Work for House Hacking - 2:03
6. Part 3: Benefits of House Hacking - 3:09
7. Part 4: Things to be Aware of When House Hacking - 4:23

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Disclaimer:
The opinions expressed herein are solely that of Khushnaz Dadachanji not that of Royal LePage Signature Realty or the Toronto Regional Real Estate Board (TRREB). They should not be misconstrued as advice or the basis of an agency relationship. Please consult your professional advisor before taking action on any decisions about the matters discussed in these videos. This video communication is not intended to solicit or induce breach with those under an existing contract and/or agency agreement with another brokerage. This is not financial advice.