13. Understanding Creative Financing! with Bradley LaBrie

House Hacking Success

English - November 22, 2019 06:06 - 16 minutes - 11.2 MB - ★★★★★ - 151 ratings
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Previous Episode: 12. Overcoming Obstacles To Achieve Financial Freedom Through Real Estate! with Diego Corzo from @realdiegocorzo

Next Episode: 14. Investing Knowledge from a Successful Orange County Real Estate Investor with Mark McMahon from @mark_mcmahon_real_estate

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The House Hacking Success Course

In this episode, Bradley LaBrie breaks down how creative financing has changed his life and how it can change yours too! He will show you all the ways to buy a property with little or no money down!

Buy properties with very little of your money and create large equity positions!

Tune in for a great show!

Links:
Resources:

5 Reasons You Should Househack!

10 Ways to Finance Your Househack!

Using Facebook as a Real Estate Resource!

@househackingsuccess

@bradleylabrie

@drewklingstrikes

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Visit our website to learn more about house hacking at househackingsuccess.com

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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.