House Hacking Case Study 2 — FIbyREI

Sevilla’s House Hacking Case Study

Sevilla is a self-proclaimed real estate addict that used the power of house hacking to build wealth as a single woman. Since 2001, she has been a homeowner that chose to rent out space to housemates.

The House Hack

Sevilla has completed four separate house hacks. She bought the first property in 2005 and the latest property in 2016. The properties are spread across the globe. Let’s take a closer look below.

The Studio In Switzerland

The first house hack Sevilla bought was a large studio in Switzerland with an amazing view. She bought the property for less than $100,000. Currently, she rents the studio out through a local management company. In the future, she plans to spend more time there personally.

The Paris Pied-A-Terre

The second house hacking adventure was a pied-a-terre studio with a small bathroom. Sevilla bought the property in 2012 for less than $50,000. At the moment, she rents out this space through friends and owns it outright. She plans to use the space personally in the future.

The Santa Cruz Fixer-Upper

In 2014, Sevilla ventured stateside with her house hacking to purchase a fixer-upper condo for less than $50,000. The residence is in a private community with some rental restrictions, but she still manages to breakeven.

The San Francisco Condo

The latest house hack that Sevilla purchased was a 1 bedroom condo in San Francisco. She bought the place in 2016 and converted an office space into her bedroom in order to rent out the main bedroom. That led to a monthly housing cost of less than $1,200 for Sevilla in this notoriously expensive city.

The Numbers Of the Deal

It’s time to find out how profitable this house hacking portfolio really is!


Sevilla owes the Paris apartment and Santa Cruz fixer-upper outright.

Rental Income

Sevilla rents out the Switzerland studio for around $700 per month and the Paris apartment brings in $375per month.


When she bought these properties, there were no tenants in place. With that, she had to seek out her own potential renters. For different properties, she took different approaches.

Updating The Units

After buying these properties, Sevilla had to do very little in renovations for most of the properties. However, the Paris and Santa Cruz spaces needed some updates. She spent $25,000 to update the Santa Cruz apartment and $7,000 to update the Paris pied-a-terre.

The Learning Curve

Sevilla wishes that she had been able to start this process sooner. The strategy is an extremely important part of her wealth-building journey. She recommends that anyone interested in this opportunity gets started as soon as possible.

Get In Touch

If you’d like to find out more about Sevilla’s journey, then check out her website, Villa Sevilla!

The Bottom Line

Housing hacking can completely change your financial picture for the better. If you are interested in creating your own house hacking story, then check out our ultimate guide to house hacking, listen to our podcast to get started, or read more house hacking case studies for inspiration.



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Andrew Kerr

Andrew Kerr

Host of “The House Hacking Podcast” and owner of