House hacking is leveraging the home you live in by renting out some portion of the property to generate income and offset your monthly mortgage payment. For most people, a monthly mortgage or rent payment is the biggest expense in the budget. If homeowners can reduce or eliminate the monthly housing payment, they inevitably have more financial independence, extra passive income for the lifestyle they want, and more cash to set aside for their next real estate investment. This strategy is a true life hack that turns your largest expense on its head and makes it work for you, rather than against you. Your real estate becomes an asset you can tap into now, rather than when you sell or rent it out “someday” down the road.