How a 41-year-old ‘house hacker’ built an $8 million real-estate portfolio that would let him retire now — if he wanted to

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Mike Hills is the vice president of investment brokerage at Atlas Real Estate, a property-management company based in Denver, and has been with the company for seven years.

But he’s been a real estate investor for almost three times as long.

Hills started out 19 years ago when he was about three months out of college. He bought his first house with a 3.5% down Federal Housing Administration loan and a $6,800 down payment that he borrowed from his mom. He still owns that house, alongside a condo, townhouse, duplex, quadplex, apartment, trailer park, and eight single-family homes.

Hills, who has been building an expansive portfolio since the early 2000s, credits his success to “house hacking,” a popular investment strategy used by owners of multifamily rental properties in which an investor lives in one of their rental units while collecting rent from the others.

Read the full story on Business Insider 

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