Real Estate Rookie 7 Properties in 10 Years by Turning 1 Home’s Equity Into an Entire Portfolio
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Sep 25, 2024 
James Likis, an assistant principal turned real estate investor, shares his remarkable journey of acquiring seven properties in just over ten years by leveraging home equity. He reflects on his childhood experiences with house hacking and how this early exposure shaped his investment strategies. The conversation covers navigating long-distance investing, using FHA 203k loans for renovations, and building a winning team to manage properties effectively. James emphasizes the importance of patience and innovative thinking in creating wealth through real estate.
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Childhood Inspiration
- James Likis's parents house hacked when he was a child, influencing his decision to buy instead of rent.
- His parents' regret over selling their first condo further solidified his belief in homeownership.
First House Hack
- In 2013, James realized renting would cost more than owning with roommates.
- This motivated him to buy his first property, a condo in Boston, and house hack.
Cash-Out Refinance vs. HELOC
- Compare cash-out refinancing and HELOCs to determine the better option.
- Consider interest rates and long-term financial goals.