A house hack is a way of lowering your expenses by buying an extra room. It's not guaranteed, but it puts you in a position to have that upside. I love the playing offence side that you mention there. But also it reminds me of people i know that have purchased a house hack. For example, i've a butty. He bought one in 20 17, 20 18, put around ten thousand dollars down and to day, it's cash flowing over ten thousand dollars per year. After he's already moved out of it. Like what stock out there is going to give you a hundred % annualized return? And that's not even considering the other things you mention, the
IN THIS EPISODE, YOU’LL LEARN:
02:16 - Robert’s experience writing his very first book.
08:00 - What a house hack is.
12:37 - Why house hacking is such a powerful wealth building strategy.
24:54 - Who house hacking might be good for, and who might it not be good for.
27:20 - What Robert will look for in his next househack.
30:36 - Why building a team is critical when purchasing a house hack.
35:42 - How Robert thinks about finding quality tenants.
47:38 - How investors can go about finding their first house hack.
01:00:55 - What the biggest risks are with house hacking.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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