61. Already House Hacking Before The Term Was Even Invented - Victor Nino
House Hacking Success
English - August 07, 2021 10:00 - 53 minutes - 36.5 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
Victor Nino's investing career all started from not buying the cool car he likes, and instead by following his brother's suggestion of buying a house. At the age of 19 years old, he became a house owner and tasted the juice of becoming financially free.
Fast forward to now, becoming absolutely free from money and enjoying his life guiding and helping others to reach where he's standing. Enjoy the podcast and the little experience Victor went through.
Podcast Episode 61
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Victor's Podcast - Los Titanes de Real Estate
Compound Effect by Darren Hardy
Life! By Design
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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.