Rich Habits Podcast
Q&A: Pre-IPO Investing, Real Numbers Behind House Hacking, & Tax Refunds
Apr 17, 2025
This week, the hosts tackle a variety of intriguing questions from their audience. They dive into the concept of house hacking, sharing strategies for leveraging multi-family properties and Fannie Mae loans for financial gains. The discussion also covers smart investment uses for tax refunds, emphasizing diversification and maximizing retirement accounts. Listeners can learn about navigating tax strategies, like the 1031 exchange, and the emotional weight of financial planning around parenthood and baby showers.
48:03
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Quick takeaways
- House hacking provides an effective method to reduce living costs while enhancing real estate investments through rental income and tax benefits.
- The backdoor Roth IRA strategy enables high-income earners to bypass income limits, allowing for increased tax-efficient retirement savings.
Deep dives
Navigating House Hacking with Fannie Mae Loans
House hacking is highlighted as an effective strategy for leveraging real estate investments while minimizing living costs. By utilizing the Fannie Mae 5% down loan, individuals can purchase multi-family properties, such as a fourplex for $650,000, where they are encouraged to rent out additional units to cover the mortgage costs. For example, renting out three units for $1,400 each can potentially eliminate a substantial portion of the monthly payment, making homeownership more affordable. This approach not only allows individuals to live at a significant discount but also provides opportunities for tax benefits and property appreciation.
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