#41 - One of the Fastest Paths to Financial Freedom
Living Off Rentals
English - November 25, 2020 12:00 - 30 minutes - 35.3 MBInvesting Business Entrepreneurship cashflow landlord propertymanagement realestateinvesting rentalproperties investing passiveincome Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Main Aspects to Consider When House Hacking
If you have been following my podcasts you know that recently, my wife and I purchased a farm. Currently, we are rehabbing the main house with plans to rehab the barn for an antique shop business and add three to five Airbnb’s on our property. Our plan for this property is a modified House Hack; a meld of rental property with a home residence.
In this episode, I am going to go through the not so obvious aspects of house hacking. I will break that down into two categories; financial and lifestyle. There are so many pros to share with you about this type of lifestyle.
Stick with me on this as I lay out the positives. In addition, I share an example of the numbers, how money is really time, and how house hacking will cut the number of work hours you need to complete by 75%! Enjoy!
Key Takeaways
Learn what it means to house hack House hacking is beneficial to personal finances See how your cost of living can be covered Learn the tax benefits Saving a dollar is more than a dollar earned How to avoid giving up your lifestyle STR can be set up and automated Purchas a nicer house due to STR benefits Work hours are decreased Payment of other household expensesLinks
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Living Off Rentals Website – www.livingoffrentals.com