15. House Hacking 4 Times and Mastering the BRRRR Method with Andrew Kerr from @fibyrei
House Hacking Success
English - December 04, 2019 08:00 - 37 minutes - 26.1 MB - ★★★★★ - 151 ratingsInvesting Business Entrepreneurship investing realestate wealth money financialfreedom business biggerpockets finance leadership marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Click here to download our FREE eBook
The House Hacking Success Course
Andrew Kerr is a very experienced house hacker. He has house hacked 4 times and combined the BRRRR strategy with house hacking twice. He even kept one of his house hacks as a vacation home!
Links:
Instagram: @fybyrei -- @thehousehackingpodcast
Facebook: FI by REI -- The House Hacking Podcast
Twitter: @fibyrei
Follow us on Instagram:
Visit our website at househackingsuccess.com
To join our email newsletter text HOUSEHACK to 22828!
Visit 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.