63. Will the Market Slow Down with Bradley LaBrie and Drew Klingler

House Hacking Success

English - September 30, 2021 10:00 - 26 minutes - 18.2 MB - ★★★★★ - 150 ratings
Investing Business Entrepreneurship investing realestate wealth money financialfreedom business biggerpockets finance leadership marketing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 62. House Hacking Builds The Foundation For Success - Bradley and Drew

Next Episode: 64. How to Manage Properties Long Distance - Avery Heilbron

The market is changing in a lot of ways. You need to see it quickly in order to prepare and adjust your game plan.

The housing and rental trend can change according to various factors, which could be advantageous to you or not.

Be ahead of the curve and take as much benefit as you can.

Podcast Episode 63

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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.