House Hack Maryland with Midfield Real Estate

Midfield Realty
Jun 16, 2024
1 min read

What is House Hacking?

House hacking is a real estate investment strategy where you purchase a property, live in it, and rent out part of it to cover mortgage costs. This can be done by renting out rooms, multi-unit properties, or accessory dwelling units (ADUs).

Why Baltimore?

Baltimore is ideal for house hacking due to its vibrant rental market driven by healthcare professionals, students, and excellent public transportation. Popular neighborhoods include Federal Hill, Canton, and Patterson Park.

Benefits:

Cover mortgage costs with rental income
Gain landlord experience
Favorable owner-occupant financing terms

Considerations:

Choose properties appealing to renters
Ensure legality of renting in your area
Manage shared living spaces effectively

Midfield Real Estate Expertise:

As a multifamily brokerage in Baltimore, Midfield Real Estate (Midfield Realty) specializes in identifying and securing properties ideal for house hacking. We provide expert guidance on property selection, tenant management, and maximizing rental income.