Real Estate Rookie
Tired of Renting? How to Save for Your First Property in ONE Year (or Less)
May 19, 2025
Aaron Mann, a dedicated real estate investor, shares his journey from renting to owning his first property in just one year. He reveals the ‘MOAT’ method for identifying scalable side hustles that boosted his down payment savings. Aaron discusses the house hacking strategy, which allowed him to have tenants help cover the mortgage, and offers creative ideas for maximizing rental income. His practical tips and inspiring story are a must-listen for anyone looking to become a homeowner sooner than they thought possible!
37:35
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Quick takeaways
- Aaron Mann's journey from renting to homeownership highlights the importance of creative side hustles and disciplined saving strategies.
- Utilizing the 'MOAT' method allowed Aaron to identify scalable side hustles, thereby accelerating his down payment savings for their first property.
Deep dives
Leveraging Multiple Income Streams
Aaron Mann successfully purchased his first single-family home by strategically leveraging multiple income streams. His journey began with a strong motivation to escape the high rental costs in Chicago, where he and his wife faced difficulties while living in a cramped apartment. They discovered that by exploring the housing market in Kenosha, Wisconsin, they could find properties that allowed for house hacking, which would help them manage their expenses and generate rental income. This approach not only eased their financial burden but also set the foundation for their real estate investment journey.
