22. The Most Important Decision As A House Hacker! with Bradley LaBrie

 When you make the decision to House Hack, you will need to evaluate how high of risk tolerance and what level of real estate knowledge you have!

 The debate between a move-in ready house hack and a fixer upper can be a difficult one to decide on.

 Today's podcast focuses on the upside of a fixer upper to the ease into landlording a move in ready property provides!

 Which one is best for you? You'll want to listen to find out for yourself!

 Join us for this amazing, jam-packed episode!

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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.