#450: Copy This Blueprint to Become A House Hack Millionaire
Becoming a successful real estate investor with millions in equity can seem like a daunting task. Luckily, house hacking provides beginner investors a path to building wealth one property at a time. Thanks to great terms on owner-occupied home loans, house hackers can put just 5% down on a property and live cheaply, if not for free, while meeting their lender’s one-year occupancy requirements. Once they move out, they have a great rental property to add to their portfolio to build their house hack stack and are one step closer to being millionaire.
To show you how it’s done, we sat down with the poster child for Denver house hacking—Jeff White. This episode is from our 6-part webinar series on house hacking. The information he shared was so impactful we wanted to put it on our podcast, too!
Jeff started house hacking just 6 years ago, and now he owns 8 properties around the Denver metro area, has a portfolio valued at $5MM and cash flows $120K a year! The best part is that he didn’t do anything unique, just strictly followed his plan to add one property to his portfolio every year.
We looked at his different properties, plugged his portfolio into our exclusive Property Llama portfolio analysis software, and found out his biggest lessons learned through trial and error. Check out the webinar to learn about his journey and find out how you, too, can become a millionaire by building your house hack stack.
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