Mortgages

I rent out my house & live in the garage


A MAN has shared how he makes major money after choosing to move into his garage and rent out his house.

Keaton Vaughn made the bold move of moving out of the main part of his home and finding a tenant.

A man has decided to live rent free in his garageCredit: Tiktok – @keatonvaughnrealestate
He said the garage has everything he could possibly need at 19Credit: Tiktok – @keatonvaughnrealestate

The US Real Estate worker then moved his stuff into his converted garage and watched the money roll in.

And he says that the tenant not only covers his mortgage, but he makes thousands of extra pounds a year, describing it as the perfect money spinner.

Keaton uploaded a video in which he revealed how he “gets paid to live in his garage.”

In the clip, which he posted to his social media account @keatonvaughnrealestate, he gave his TikTok followers a tour of his big property

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He then showed them the inside of where he calls home – a converted garage that features a living space, kitchen area and en suite bathroom. 

19-year-old Keaton explained: “I live in this garage converted apartment.

“I rent out the main house – my tenant pays $2000 per month [and] my mortgage is $1800 per month.

“I pocket the $200 difference – for doing nothing!”

After Keaton shared how he makes an extra $2400 per year, approximately £2000 every twelve months, he added that he calls the technique “house hacking.”

He then continued to lift the lid on how he came to the decision.

After someone asked him why he didn’t want to live in the house, Keaton explained: “I just wanted to hop on here and respond to that comment.

“Really right now, the role for me is not to live in a big house and pay a lot of money towards the mortgage, it’s really just living in the garage, which is all that I need at 19.

“And [it’s about] having someone else pay that mortgage for me so I’m not having to pay $1800 a month right now at 19.

“Having someone else pay the principal for me so that I can build equity in that house and eventually have it paid off one day.

And his followers agreed he was on to a good deal, as they congratulated him on his clever plan.

One person wrote: “Ya’ll it might not be a lot he’s pocketing BUT someone else is paying his mortgage.”

A second said: “How do y’all not understand he’s living for FREE.”

As a third added: “People who don’t get how smart this is don’t realise – he’s only 19 years old, he’s basically having someone pay his mortgage while living rent free.”

And he gets to live for free while making extra money each monthCredit: Tiktok – @keatonvaughnrealestate



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