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Join us as we share the exhilarating journey of acquiring our recent 10-unit property. We reveal how our steadfast reputation played a pivotal role in securing this deal, and also discuss the enticing benefits of house hacking. By offering insights into the low entry barrier and low risk, particularly with the new Fannie Mae loan that requires only a 5% down on multifamily properties, we hope to inspire your own real estate ventures.
House hacking is not just a strategy; it's a lifestyle that requires a specific mindset and skill set. With the ever-changing real estate market, understanding when and how to apply this unique approach is key. We delve deeper into this, discussing how to evaluate properties effectively—especially when inheriting tenants. From cash flow calculations to long-term investment considerations, we equip you with the tools and knowledge to make informed decisions.
Inheriting tenants can be a mixed blessing. This episode explores how to tackle the complex challenges that come with this territory. We share our experiences in dealing with deferred maintenance issues, setting new expectations with tenants, and handling the legal implications of month-to-month leases. Striking a balance between maintaining a property and providing quality housing can be a juggling act, but we're here to guide you through it. Remember, house hacking is an adventure, and every adventure is filled with lessons and triumphs.
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Ever wanted to know how taxes work with house hacking? Well, you're in luck, as we've got the successful real estate investor and CPA, Cody Goldsworthy, with us, ready to spill all the beans! From his humble beginnings with a summer job to becoming a seasoned pro in the world of accounting, Cody's story is one you don't want to miss.
Renovating a house hack to increase value and equityTaking passive losses on your real estate using passive loss allowance. Taking real estate "losses" on taxes and use it to offset your W2 income by increasing your tax returnHow do real estate taxes work in a house hackHow to find the right CPA for youLong term real estate strategies - bonus depreciation and cost segregation studyThe 2 year ruleBorrowing against your existing equity in the properties you own to do more deals with tax free moneyHow to get started in real estate and take action
With anecdotes of his first house hack, his initial hesitations, and bold decisions - Cody paints a vivid picture of the trials and triumphs of breaking into the market. His smart strategies like renovating a house hack to increase value and equity highlight how he navigated his way. The bountiful long-term benefits of his choices are apparent as he shares how he was able to build and grow his portfolio quickly.
And what's real estate success without a savvy tax strategy? Cody dives into the complex world of tax benefits, opening up about passive loss allowance, de minimis safe harbor election, and more that have helped him supercharge his profits. He also sheds light on the power of just getting started, illustrating the potential of long-term wealth building through house hacking, and the importance of understanding your investment profile. So buckle up and get ready to hit the road to real estate success with Cody!
Topics covered in this episode:Contact Cody and make him your CPA:
Website: knitfinancial.comInstagram: @cody.goldsworthy
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
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In this episode we brought on Mike Raths (@TaxFreeMike) to talk about cash value insurance and other topics such as:
Being able to get a loan against your policy even when lenders are loaning moneyUsing your policy to buy real estate so you can have more propertiesWhy we are experiencing a recession and how you can prepareUnderstanding why Dave Ramsey doesn't support this policy (it's not what you think)Instagram: @taxfreemike
TikTok: @taxfreemike
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Welcome back to Brandon Chidester! He just bought his second house hack and gives us all the details in this episode. Topics cover:
Buying a second house hackQualifying for a second mortgageHow to manage a single family house hackHow to turn your first house hack into a cash flowing rental propertyAnd more!!Instagram: chidthekid
LinkedIn: Brandon ChidesterVisit our website to learn more about house hacking at househackingsuccess.com
Subscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
In this episode Chad Carson and Bradley Labrie talk about being all in on real estate and really loving it. Topics covered in this episode:
The current state of the economyFinding a great real estate agentAnalyzing markets and propertiesLooking at real estate investing long term
Instagram: CoachCarson1Visit our website to learn more about house hack at househackingsuccess.com
Follow us on Instagram: @househackingsuccess
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
This clip is from Podcast 67 coming out next Thursday! It's about finding a real estate agent who invests because of the advantages it will bring you in your house hacking and investing journey. Real estate agents that invest in the area see things differently than an agent that doesn't invest. They can guide you better than anyone else can in your area.
The current state of the economyFinding a great real estate agentAnalyzing markets and propertiesLooking at real estate investing long term
Contact: [email protected]
Podcast 67 Details:
Drinking the Real Estate Kool-Aid
March 24th, 2022
In this episode Chad Carson and Bradley Labrie talk about being all in on real estate and really loving it. Topics covered in this episode:
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Inflation is a silent thief that will destroy your retirement. The moment you think you have enough money and inflation strikes, you'll be back for some sidelines or work to supplement your retirement money.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
The best counter to inflation is real estate. And the best way to enter real estate with low risk is through house hacking.
But why are there a lot of people who want to house hack but aren't taking action? It might be because they're not motivated enough.
Motivation can play a huge role in your life. It can decide when will you take action and when will you start enjoying your life.
America is flooded with milk and honey and is the land of opportunities. You can literally buy a property with 0% down, 3.5% down, and many more.
If you are a low-to-moderate income person and think you don't have enough money for a downpayment, try the NACA Loan.
The only one stopping you from reaching your dreams is you not taking action.
Podcast Episode 66
Show sponsors:Instagram: @nigerianonamericanrealestate
Instagram: @househackingsuccess
Website: househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Avery Heilbron always had an interest in reading books especially business books and finance books. He graduated from college in May 2018 with no prior knowledge of house hacking. Three months after graduation, he learned about house hacking and became a house hacker in less than one year.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
There are many ways to house hack, there are various strategies available for use to the public, you just need to take action and plan your future accordingly.
Podcast Episode 64
Show sponsors:YouTube: AveryHeilbron
TikTok: @_averyheilbron
Instagram: @_averyheilbron
ShoutOut: @johnsfinancetipsInstagram: @househackingsuccess
Website: househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
The market is changing in a lot of ways. You need to see it quickly in order to prepare and adjust your game plan.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
The housing and rental trend can change according to various factors, which could be advantageous to you or not.
Be ahead of the curve and take as much benefit as you can.
Podcast Episode 63
Show sponsors:Instagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
House hacking is not the end-game, it's just your means to get to that end goal of becoming financially free and being able to do whatever it is that you want. It is the first step in laying the foundation for that end state.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
If you want to house hack or want to achieve financial freedom through real estate, don't hesitate to reach out to us and we'll plug you in with our connections. Welcome to the community and let us strengthen our foundations together!
Podcast Episode 62
Show sponsors:Instagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Victor Nino's investing career all started from not buying the cool car he likes, and instead by following his brother's suggestion of buying a house. At the age of 19 years old, he became a house owner and tasted the juice of becoming financially free.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Fast forward to now, becoming absolutely free from money and enjoying his life guiding and helping others to reach where he's standing. Enjoy the podcast and the little experience Victor went through.
Podcast Episode 61
Recommendations:
Victor's Podcast - Los Titanes de Real Estate
Compound Effect by Darren Hardy
Life! By Design
Show sponsors:Instagram:
@realtornino
victornino.comInstagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Three months out of college, Scott Trench joined a Fortune 500 Company and becomes obsessed with the concept of Financial Independence. He networked with other real estate investors and finally made his way into BiggerPockets as its 3rd employee.
The Psychology of Money by Morgan HouselThe Millionaire Next Door: The Surprising Secrets of America's Wealthy
Since joining BiggerPockets in 2014, Scott has authored the wealth-building book Set for Life and joined Mindy Jenson as a host of the BiggerPockets Money Podcast.
He stays active in the BiggerPockets forums and contributed hundreds of articles, market analyses, and files to BiggerPockets. He has also contributed to other personal finance blogs, along with traditional news outlets including Time, CNBC, and NBC.
A spiring individual who strives to help ordinary Americans build wealth in part through real estate investing. Personally, his goals were financial freedom and long-term wealth. He believes that those two were the combination to get over the difficulties in building a brighter future for oneself.
Scott's Book Recommendations:Podcast Episode 60
Show sponsors:
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!Instagram:
@scott_trench
BiggerPocketsInstagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Marc Cantin played hockey all throughout his youth. Growing up in a town with a heavily biased culture of hockey north-east of Toronto, Marc walked the path of a professional hockey player. At the early age of 16, he realized the importance of real estate and began his journey towards financial freedom. He used the experiences he gained and dived into real estate.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Renovation, construction, leasing out and managing properties. There's a lot of factors that would play to that and you need a team. Treasure the relationship you build to make a successful business.
Marc is a good skater but believes he's not one of the best players. Still, he pushed forward with tenacity and willingness to work, which resulted in him becoming a pro player. That's a skill that you need in real estate and life in general. If you don't have the tenacity and willingness to work towards your goal, you will never achieve any of your dreams. You can call it 'work ethic'.
Unlike factors like wealth and time, work ethic can be controlled depending on your discipline. If you maintain a productive and healthy work ethic, your hard work will get results and success will follow.
Podcast Episode 59
Show sponsors:
Instagram: @sweat2equity
Instagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
From a single guy that produces music for the church to becoming financially free. Jonathan Seller believes that you should turn every dollar into employees and make them work for you.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Everything started from having too much free time. He did what every other people did, he Google'd "How to Make Money Online". He wants more money but doesn't want to further decrease his available time.
The word that stuck to him was 'passive income.' At first, he thought it was impossible. Put some further research on it that resulted in lots of get-rich schemes. Fumbling through all those, he finally stumbled into affiliate marketing which marked the changes in his life.
Jonathan loved the idea of passive income and came up with work optional. A business model that helps other people start their own business without having them personally doing anything. Business owners provide the initial investment and wait for the end of the month to receive their passive income. It's a win-win!
There's no reason not to love passive income. It's the same reason why house hackers love cash-flowing rentals. There are millions of ways to make money online and it's up to you how to discover them.
The future holds more wealth and with more liquid funds available, you have more options on everything that you do.
Show sponsors:
Instagram: @jonathanseller
Website: @wmautopilots.com
Instagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Value-added house hacking is a great strategy that is often ignored by people. It needs a keen eye and a larger budget which most new investors don't have.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Nick and Sam started dating in their teenage years. They were still living with their parents when Nick started to think about the future and fell in love with the idea of house hacking. He started reading books and listening to podcasts which made him feel more confident about house hacking. However, Sam wasn't too fond of the idea and often had reservations towards it even when Nick managed to convince her to try and house hack.
They lived in their parent's basement and started saving money. However, feeling unsatisfied with their current work-life, they decided to leave their high-paying jobs and truly focus on house hacking.
Nick and Sam had the hobby to talk things out and plan their actions while lying on the couch. This helped them realize that value-added house hacking would be the way for them.
Adding value to a property might need a bigger investment but the returns would also increase. Imagine buying a property with one bed, one bath and converting it to three beds, two baths. If you rent by the room, you could easily earn hundred dollars as extra and more if you Airbnb. It will also increase your chances of getting tenants with the additional facilities.
Podcast Episode 57
Show sponsors:
Instagram:
@nick_riccio_
@samanthalriccio
@eaglehillhomes
Instagram:
@househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Our guest couple started from house hacking and created a business from wholesaling real estate properties. They highly emphasize focus and vision to anyone aspiring to become successful.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Both of them weren't comfortable with their first house hack. Even so, they continued working together and hurdled over some common problems.
They're still manually doing everything in the initial phases of their wholesaling business, which takes a lot of time and effort to maintain.
Arvi believed that wholesaling is a numbers game. So they searched for software that could automate direct mailing to potential leads. After the business picked some pace, they hired an acquisition manager to handle the leads to increase efficiency.
In every venture, you're bound to find some difficulties. However, if you keep reminding yourself of your biggest WHY, and focus on what's ahead of you while ignoring all the shiny objects by the side, you're bound to become successful in a matter of time.
Podcast Episode 56
Show sponsors:
Instagram: @arvi.carkanji
Instagram: @dave.arlaud
Instagram: @househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
In this episode, you will learn how to pay $20 for rent, some tips about house hacking, and the proper mindset on how to start saving to get started in real estate. Our guest Brandon Chidester brought a wonderful story of how he saved money, funded his house hack, and started living life contentedly.
If you save half of your earnings on the day you get your hands on them, then use the other half to pay the bills, you could use the remaining money to live until your next paycheck. In this way, you have a guaranteed saving that would become a huge asset when you decide to start investing.
Furthermore, he shared several ideas on how to screen your tenants and how you could take advantage of the available resources around you. When in college, you could try to talk with your roommates to rent with you. You can even invite friends to join to get lower rent.
Also, he talks about increasing your sources of income and envisioning your future success to maintain a healthy mentality. With all this, a better future awaits you.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Show sponsors:
Instagram: @chidthekid
LinkedIn: brandonchidester
Instagram: @househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
House hacking with your family can become a game-changer as long as everyone gets past the first hurdle: getting used to it. Having to share a house with other people is hard and keeping the kids quiet is harder. Besides, if you want to continue house hacking, you need to be moving a lot every year. That would be something you want to explain to early on in your house hacking journey.
In this episode, Brandon Gentile shares his experience with house hacking, what he thinks of house hacking, and his journey before choosing to house hack. Furthermore, he discusses what other people don't want to say about money, his realization of money, and the game being played in life.
Also, he tries to wake people up from a nightmare full of renting. Get out of the matrix. Get hold of your life. If people could just change their mindset, they could easily live a better life.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Show sponsors:
IG: @brandongentile811
Website: brandongentile.com
Instagram: @househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
Rick brought a ton of knowledge in this episode talking about his first house hacking experience in a condo in LA. He was able to live cheap in LA!! He talks about what it's like to rehab a condo too.
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
Rick's second house hack was done with a FHA 203K where he added an ADU (accessory dwelling unit). He gives some amazing advice on how to make an ADU successful!
Show sponsors:
Follow Rick on Instagram Here!Instagram: @househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. -
In this episode Chad Carson, the BiggerPockets best selling author of Retire Early With Real Estate, brings his amazing perspective on not only real estate, but on life. We talk about using your investments to do what truly matters most to you with his slogan of "Do what matters."
Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!
He shares how he started off house hacking a four-plex, built a large portfolio before and during the 2008 recession. He talks about how you shouldn't predict the market, but rather be prepared for whatever the market does!
We also talk about his upcoming course this spring! Our host Bradley LaBrie went through it 4 years ago and it completely changed his real estate investing business. Chad is offering three free webinars that will discuss the course, what you will learn and how it can propel your business! Sign up in the link below to make sure you attend!
Click here to sign up for the FREE workshop hosted by Chad Carson!
To sign up for Chad's Real Estate Start School click here!!
Show sponsors:Click here to sign up for the FREE workshop hosted by Chad Carson!
To sign up for Chad's Real Estate Start School click here!!
Visit our website to learn more about house hacking at househackingsuccess.comSubscribe on YouTube
House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. - もっと表示する
