House hacking is not the end-game, it's just your means to get to that end goal of becoming financially free and being able to do whatever it is that you want. It is the first step in laying the foundation for that end state.
If you want to house hack or want to achieve financial freedom through real estate, don't hesitate to reach out to us and we'll plug you in with our connections. Welcome to the community and let us strengthen our foundations together!
Podcast Episode 62
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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.
71. The New 5% Down Loan for Multi-Family, Acquiring a 10-unit Property, and Dealing with Inherited Tenants
70. House Hacking Tax Secrets and Investment Wisdom with Cody Goldsworthy
69. How to Get Tax Free Money When Even the Banks Won’t Loan to You! with Mike Raths
68. Buying a Second House Hack! with Brandon Chidester
67. Drinking the Real Estate Kool-Aid with Chad Carson
The Advantages of Using a Real Estate Agent Who Invests (Podcast 67 Clip)
66. Nigerian Immigrant House Hacking to Prepare for Retirement with Odafe Jeroh
64. How to Manage Properties Long Distance - Avery Heilbron
63. Will the Market Slow Down with Bradley LaBrie and Drew Klingler
61. Already House Hacking Before The Term Was Even Invented - Victor Nino
60. Obsessed With The Concept of Financial Independence - Scott Trench, CEO of BiggerPockets
59. Professional Hockey Player Turned Real Estate Investor — Marc Cantin
58. Turn Every Dollar Into Employees And Make Them Work For You! with Jonathan Seller
57. Husband and Wife Value-Added House Hacking Strategy! with Nick and Sam
56. Real Estate Wholesale Business That Started From House Hacking with Dave and Arvi
55. How to Pay $20 for Rent with Brandon Chidester
54. House Hacking With Your Family as a Freedom Warrior with Brandon Gentile
53. How to House Hack an ADU With Rick Albert
52. Retire Early With Real Estate and Do What Matters With Chad Carson
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