House Hacking to Save Your Home: Strategies for Homeowners in Financial Distress
On Monday, May 13 at 7 p.m. in the Mackay Room, Real Estate and finance professional Gail Allen provides tips for homeowners with financial problems. House hacking is simply renting out a portion of the house you live in. By collecting rent from your tenant, you can reduce your cost of living or even turn a profit. In the long run, you end up owning the property by paying virtually nothing for it. But house hacking has its own pros, cons, and risks.