The Big Break Show #80 Buying a Property With 3% Down: Matt Krueger's Creative Financing and House Hacking Success
In this episode, we sit down with Matt Krueger. He is a full-time real estate investor based in Des Moines, Iowa. He started his real estate journey with a low income and has since built a substantial portfolio of properties. Matt and his wife have been able to achieve financial freedom through creative financing strategies and by house-hacking multiple properties.
Matt shares his journey from being a cell phone sales rep to building a substantial real estate portfolio. He started by buying a property with only 3% down and living in it for a year before renting it out. He repeated this process five times, house-hacking each property. Eventually, he scaled his portfolio by getting creative with financing and using a home equity line of credit. Matt currently has 10 long-term rentals and 2 short-term rentals and is focused on optimizing his existing properties. Matt emphasizes the importance of taking action and being willing to make sacrifices to achieve financial freedom. "Don't wait. Find a way to make it happen."
Timestamp:
00:03:23: Guest intro, HOA regulations in Texas, and risks of STRs.
00:05:13: HOA regulations, Matt and Rafa's connection, challenges, and starting in real estate.
00:07:52: Matt's journey, property acquisitions, financing, renovations, and managing expenses.
00:18:00: Cash flow, property locations, homeschooling, and management software preferences.
00:23:15: Short-term vs long-term rentals, property quality, and handling tenant calls.
00:24:13: Hospitable software, homeschooling benefits, speaker's experience, and college views.
00:29:45: Speaker's background, family, balancing real estate, sacrifices, and long-term goals.
00:35:32: Cash-out refi, unique projects, and financial freedom through real estate.
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Instagram: @rental.cashflow
Tiktok: @rental.cashflow
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