16. Finding An Investor-Friendly Real Estate Agent! with Bradley LaBrie
House Hacking Success
English - December 06, 2019 19:20 - 20 minutes - 14.4 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
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Starting out in real estate presents a lot of challenges along the way! Presenting offers, running numbers, looking for issues on properties and dealing with contracts can be overwhelming!
Luckily for us, investor-friendly agents can help us out tremendously! And the best part is we don't have to pay them! The sellers do.
There is no truer statement than "rockstars hangout with rockstars." If you find a great investor-friendly agent, they will show you through the entire process and introduce you to the other awesome members of your team!
Tune into today's podcast and learn all about it!
Links:
Resources:
5 Reasons You Should Househack!
10 Ways to Finance Your Househack!
Using Facebook as a Real Estate Resource!
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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.