#360: I Made $385k from One Rental – Here’s How!

2024-09-09

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: https://www.coachcarson.com/rpm 🎙️ Episode #360 – This 4-plex I house-hacked at 26 was my first major investment. I'll share how I secured financing, made improvements, and navigated the ups and downs of management. Finally, I'll break down how exactly I made $358,000—not from cash flow! ▶️ Next Episode: How Much Tax I Paid When I Sold a Rental Property https://youtu.be/SgNXl8eqa2U?si=0TlCsQMqIDJ1uhsD 📄 Show Notes: htt...

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm

🎙️ Episode #360 – This 4-plex I house-hacked at 26 was my first major investment. I'll share how I secured financing, made improvements, and navigated the ups and downs of management. Finally, I'll break down how exactly I made $358,000—not from cash flow!

▶️ Next Episode: How Much Tax I Paid When I Sold a Rental Property

https://youtu.be/SgNXl8eqa2U?si=0TlCsQMqIDJ1uhsD

📄 Show Notes:

https://www.coachcarson.com/househackinganalysis/

🎬 Timestamps:

00:00 - Intro: Living Almost for Free at 26 Years Old

00:53 - Where I Got the $$$ for my First House Hack

06:42 - $0 in with the BRRRR Strategy

09:01 - Breaking Down the Numbers (Cash Flow)

15:27 - Tracking the Appreciating Value of the Property

18:06 - Breaking Down the Numbers (The Return on Value)

22:17 - Analyzing the Internal Rate of Return (IRR)