59. Professional Hockey Player Turned Real Estate Investor — Marc Cantin
House Hacking Success
English - May 17, 2021 10:00 - 49 minutes - 33.9 MB - ★★★★★ - 150 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
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.
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
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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.