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189: House Hacking: How to Live for Free and Build Wealth in The Background

Real Estate Rookie

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How to Rent Out a Condominium for a Million Dollars Per Month

The property has a negative cash flow of one thousand 318 dollars per month. But since you're living in one of the units, that's where that difference comes from. I don't know too many people who can go out and buy a property for almost 700 million dollars and only have a mortgage of one thousand ten dollars. The investor would be able to live in this property rent out the other two units, pay a property manager, and your living expense is only one thousand 318 dollar per month.

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