House Hacking = Living For Free

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How To Live Rent Free And Have Other People Pay Your Mortgage

Hello Lovers!  Welcome to Hey Rich Girl.   I am so happy you are here.  My name is Cynthia Cuccuini and I have been doing real estate for over 10 years now.

I first got started on this exciting real estate journey when I lost my corporate job. I was a single 24 year old girl with no money and no job living in Pittsburgh.  Yes, I’m a Steelers fan.  Yes, I was devastated.  But, also tired of being a slave to corporate America and being told what to wear, what time to come to work, etc.

Here are some useful tips on how you too can get started with real estate investing today!



Do you want to learn how to live rent free while having others pay your mortgage? I bet you do!  And I can tell you that I have been doing this most of my adult life.

In fact, this is how I lived throughout most of my twenties.  At the time, I had never even heard of the terms “house hacking” until, well literally today.  But, this is something that I am very familiar with (even though I did not know the “technical” name for what I was doing at the time). 

Once you hear how it works, then you will be like: DUH that seems so easy!  Girl, pull up a chair and get comfy cause I am about to spill the tea.

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Basically, the concept of house hacking involves you buying a multi-family property and living in one unit, while renting out the other unit(s).

This works especially well with a duplex (aka a two unit apartment building) or three unit (since it qualifies for FHA financing because you are living in it).  This means that you can buy a property with a 3.5% down payment and live in it, while you rent it out to tenants that will pay down your mortgage. 

Note that this real estate investing method is not recommended for anything above 3 units since it is then considered a commercial property and does not qualify for FHA financing.

Duplex Houses Photo

 So for example:

• Let’s say you buy a $100,000 duplex (a 2 unit), then your down payment would be $3500.
• The monthly mortgage payment is $800 per month
• You rent out the other unit for $1000
• Now you are living in the one unit for free and making $200 per month.
Cha Ching!  Jackpot baby girl.  

"I am beyond happy that your program changed my life in such a positive way"
-- Michelle H., Hey Rich Girl Member

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How To Run A Business For Free

But, for a business owner, this method also works great because it allows other companies to pay for their office space while paying down their mortgage.    As a business owner, you could buy a commercial building (more than 3 units).   Then, lease out the other units and have your office rent free.

The business owner would get a bank loan with conventional financing and usually put a 20 to 25 percent down payment.

So for example:

• Let’s say you are an accountant
• You could buy a building with 4 office spaces for $200,000
• Your monthly mortgage payment is $1800 per month
• You rent out the other 3 offices for a total of $2400 per month
• Now you use the 4th office space for free and you are making $600 per month (minus expenses)


Pink Building

                                                        Welcome to Hey Rich Girl!

Hey girl!  I'm Cynthia Cuccuini, a self taught real estate entrepreneur.  I've been flipping houses, landlording (Is that even a word)? and designing homes for over 10 years.  Come along the journey as I educate entrepreneurs how to invest in real estate.

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