Wouldn't living rent free be nice? And I'm not talking about living with your parents, I am talking about living in your own house for free. Many people in their twenties and beyond currently share rental properties with 2, 3, or even 4 other roommates. Why not continue this lifestyle but own the house and collect rent?
I will give a very simple example for how this works. You have a 3 bedroom house, the mortgage is $1000 per month and your rent out 2 bedrooms for $500 each. That is $1000 per month, now you are living for free! Well almost, there is a lot more responsibilities.
I will be doing a series blogs on this topic; explaining the pros and cons and laying out a step-by-step plan.
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