Podcasts about hack your housing

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Best podcasts about hack your housing

Latest podcast episodes about hack your housing

Real Estate Investor's Club Podcast
How to Hack Your Housing Costs and Climb the Housing Ladder

Real Estate Investor's Club Podcast

Play Episode Listen Later Apr 3, 2024 32:22


Housing costs are most people's main expense, eating between 30-50% of their after tax income! When you think about what you could be doing with that money, it makes no sense. Also, in many now-unaffordable urban markets, owing and evening renting is a struggle for many of us. If you're an aspiring investor, your own housing costs can be prohibitive, slowly or stalling your ability to either enter the market or aqcuire more Real Estate. I have a solution for you! Learn some of the stages and secrets of house-hacking. Discover how to set up an effective house-hack without giving up your quality of life. Get ready to see the financial impact of making smarts decisions with your housing budget. Terrie Schauer's LinkedIn: https://www.linkedin.com/in/terrieschauer/ Terrie Schauer's Instagram: https://www.instagram.com/terrieschauer/ Check out all the other MPI Podcast Network Shows: https://masterpassiveincome.com/network

All the Hacks
Real Estate: Investing, Rentals, Taxes, House Hacking and More with Brandon Turner

All the Hacks

Play Episode Listen Later Sep 28, 2022 53:31 Very Popular


#80: Real estate investor and author, Brandon Turner, joins Chris to discuss investing in real estate. They discuss who should invest, how people can get started, real estate tax strategies, house hacking, the four wealth generators of real estate and much more.Brandon Turner (@BeardyBrandon) is a podcaster, author and real estate investor with a portfolio of >7,000 properties. Having hosted the BiggerPockets podcast with over 100 million downloads, Brandon is widely recognized as one of the foremost experts on real estate investing. He is also the best-selling author of several books and the founder and of Open Door Capital.Full show notes at: https://allthehacks.com/real-estate-brandon-turnerWatch on YouTube at: https://youtu.be/K4nTzZAkoeQPartner Deals Inside Tracker: 20% off personalized wellness & nutrition plans backed by scienceLinkedIn: Post your job for free and find the candidates your want fasterTrade Coffee: $30 off the best coffees that you can brew at homeDeleteMe: 20% off removing your personal info from the webPacaso: Free early access to listings and $2,500+ in closing credits Selected Links From The EpisodeConnect with Brandon Turner: Website |  Newsletter | TwitterBrandon Turner's Resources:BooksBigger PocketsArticle: House Hacking: A Beginners Guide to Hack Your Housing and Live for FreeAll the Hacks Podcast:Protect Your Family, Mitigate Taxes and Preserve Your Wealth with Patrick Hicks and Mani MahadevanResources Mentioned: Credits Cards with 3-4x points on ad spendAmerican Express Business GoldChase Ink Business PreferredThe Everything Guide to House Hacking: Your Step-by-Step GuideInvestment CalculatorFundrisePacasoEventsBigger Pockets EventsMeetup Full Show NotesBrandon shares his points story [2:01]The two things that occupy 100% of Brandon's head space [3:02]Should everyone invest in real estate? [3:54]Ways to get into real estate [5:35]Investing in real estate without moving [10:37]Four wealth generators of real estate [11:50]Tax strategies for real estate investments [15:30]Investing in real estate vs. investing in the market [19:47]REITs as a form of real estate investing [23:27]  How investing works with Open Door Capital [24:13]Finding property that can be bumped up in value immediately [27:31]Buying property to flip [28:47]How the current market affects what the average person should be doing in real estate [31:02]How interest rates affect landlords [33:12]Considering an adjustable rate mortgage in today's market [34:13]Should the average person invest in a syndicate? [36:15]Hiring a property manager [38:56]Chris' analog to hiring a property manager: interviewing au pairs [40:52]Applying strategies that work to all areas of your life [42:07]Owning vs. renting [44:48]Brandon's opinion on vacation homes and timeshares [45:18]How to learn the nuances of investing in real estate [48:31]Resources to dive deeper into real estate investing [50:26] PartnersInsideTrackerInsideTracker provides a personalized plan to improve your metabolism, reduce stress, improve sleep, and optimize your health for the long haul. It's created by leading scientists in aging, genetics, and biometrics. They analyze your blood, DNA, and fitness tracking data to identify where you're optimized—and where you're not. With InsideTracker you'll get a daily Action Plan with personalized guidance on the right exercise, nutrition, and supplementation for your body.For a limited time, you can get 20% off at allthehacks.com/insidetracker LinkedInLinkedIn Jobs helps you find the candidates you want to talk to, faster. You can ceate a free job post in minutes to reach the world's largest professional network of over 810 million people. Simple tools, like screening questions, make it easy to focus on candidates with just the right skills and experience so you can quickly prioritize who you'd like to interview and hire. It's why small businesses rate LinkedIn jobs, number one in delivering quality hires versus leading competitors.Every week, nearly 40 million job seekers visit LinkedIn, so post your job for free at allthehacks.com/linkedinTerms and conditions apply Trade CoffeeTrade is a coffee subscription service that partners with top independent roasters and sends the best coffees in the country direct to your home, on your schedule. Their coffee is so good because they have a team of experts taste testing hundreds of coffees from across the U.S. every month – to curate over 450 exceptional coffees that make the cut.So if you want to support small businesses and brew the best cup of coffee you've ever made, try Trade Coffee and get $30 off your first order plus free shipping at allthehacks.com/trade DeleteMeDeleteMe is a simple subscription, privacy service for reducing unwanted personal information exposed on the public Web. They'll remove your cell phone #, address, email, family members and more from hundreds of data broker websites and then continuously scan for new data that shows up and get that removed as well. On average DeleteMe finds and removes over 2,000 pieces of data for a customer in their first two years.Get 20% off a plan for you or your entire family at allthehacks.com/deleteme Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn

BiggerPockets Money Podcast
291: Turning eBay Profits into Cash-Flowing Rentals w/The Frugal Gay

BiggerPockets Money Podcast

Play Episode Listen Later Apr 11, 2022 69:27 Very Popular


eBay flipping isn't something new. You've probably bought something on eBay that was sold by a reseller. Maybe a type of makeup you liked got discontinued. Maybe your favorite pair of jeans from a nationwide chain suddenly disappeared. For eBay resellers like today's guest, Tom Brickman (The Frugal Gay), it's all about finding the products that people love but can't get a hold of anymore.Tom is a master of frugality. Raised by a real estate investor, he knew what cash flow could do to a nine-to-five worker's life. So, at age twenty-one, Tom cashed in some company stock to buy his first multifamily. He inadvertently house hacked and was living in his own place for a whopping $138 per month! From there, he moved from his native Ohio to Texas where he got a full-time job, built his eBay flipping business, and never stopped reinvesting into rentals.As a side-hustle addict, Tom shares numerous stories about how he made (and lost) large sums of money by reselling on eBay. He even bought an entire house on eBay at auction, which came with bullet holes included. Talk about a deal! Now, retired well before sixty-five, Tom lives a life he loves with his partner, thanks to financial frugality! In This Episode We CoverWhy frugality at a young age can compound into massive wealth-building benefits ESPP and reinvesting your paycheck so you can use investments to buy cash flowWhat makes a great eBay flipping product and how to find the best deals around Commercial real estate investing and rehabbing properties for enormous equity gains Buying homes at auction online and why you shouldn't solely trust the zip code a house is inPaying off credit card debt quickly through hard work and smart money management And So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterApply to Be a Guest on The Money ShowPodcast Talent Search!5 Frugality Myths Americans Believe That Would Make Ben Franklin CryA Beginners Guide to Hack Your Housing and Live for FreeHow to Pay Down Bad Debt—Fast!Check the full show notes here: https://www.biggerpockets.com/blog/money-291See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BiggerPockets Money Podcast
290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings

BiggerPockets Money Podcast

Play Episode Listen Later Apr 8, 2022 57:03 Very Popular


Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week's Finance FAQs. That's right, we're here with a new segment where Scott and Mindy take your questions directly from the BiggerPockets Money Facebook group and give answers so you can make smarter investing, saving, and life-changing decisions.In this episode, we get into questions from a range of different financial situations. We have questions about debt payoff schedules, whether to sell stocks and invest in real estate, why “safe” investing may not be smart investing, and what to do when three-quarters of a million dollars are given to you. Scott and Mindy not only answer these questions the best they can, but they also give the “why” behind the financial decision so you can be better equipped when situations like this come up in your own life!If you want to ask a question or give us feedback about this new format, you can do so on the BiggerPockets Money Facebook Group or leave a comment on the BiggerPockets Money YouTube channel. We'll try and round up the most commonly asked questions so Scott and Mindy can keep the wealth-building wisdom coming! In This Episode We CoverThe safest investment vehicle in 2022 (and why safest doesn't always mean best)Whether to pay off student loans or invest in retirement and real estate Which debt to pay off first so you can coast to debt-free freedomRenting vs. buying in today's hot housing market and how to decide for yourself Funding home renovation projects (even when contractor costs are high!) House hacking and using it to lower your expenses, grow net worth, and build financial runway And So Much More!Links from the ShowBiggerPockets Money Facebook GroupBiggerPockets ForumsFinance Review Guest OnboardingScott's InstagramMindy's TwitterApply to Be a Guest on The Money ShowPodcast Talent Search!Follow Along Mindy's Live Budget TrackingBiggerPockets Money Podcast 35 with Craig Curelop (House Hacking)BiggerPockets Money Podcast 267 with Robert Farrington (Student Loans)Does It Make More Sense to Rent or Buy in Today's Real Estate Market?A Beginners Guide to Hack Your Housing and Live for FreePay Off Debt or Invest?Check the full show notes here: https://www.biggerpockets.com/blog/money-290See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Capital Hacking
E200: Brandon Turner & David Greene of BiggerPockets share how they are CAPITAL HACKING like pros

Capital Hacking

Play Episode Listen Later Sep 23, 2021 72:39


Celebrating our 200th episode, we're joined by Brandon Turner & David Greene, the genius minds behind The BiggerPockets Real Estate Podcast. In this episode, they talk about podcasting and real estate investing, going from small deals to big deals, and taking a deep dive into the world of mobile home parks. They teach the concepts of house hacking, The BRRRR Method, and how the math works when it comes to syndication. They also explain the difference between investing in stocks vs. real estate as well as their killer long-distance investing analogy. Reference Links BiggerPockets Real Estate Podcast https://www.biggerpockets.com/ Open Door Capital https://odcfund.com/ The Multifamily Millionaire, Volume I: Achieve Financial Freedom by Investing in Small Multifamily Real Estate https://www.amazon.com/gp/product/B091FQXCZV The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate https://www.amazon.com/Multifamily-Millionaire-II-Generational-Investing/dp/1947200402 House Hacking: A Beginners Guide to Hack Your Housing and Live for Free https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free

Multifamily Money
Ep06: Should You Buy Or Rent? - Shawn Winslow

Multifamily Money

Play Episode Listen Later Aug 6, 2021 14:47


Do you prefer to buy a home than rent? If you're willing to house hack, owning a property may quickly improve your net worth. Check out this episode as we will dive deep into it today and learn how you may plan for extremely low living expenses and massive cash flow expenses in the future. WHAT YOU'LL LEARN FROM THIS EPISODE  Is your house an asset or liability? What is house hacking? Ways to qualify for FHA (Federal Housing Administration) loan How to build wealth Pros and cons of house hacking Importance of management system   RESOURCES/LINKS MENTIONED How to Hack Your Housing and Live For Free by Brandon Turner  Apartments.com CONNECT WITH US Email: shawn@greenbriarcg.com  Website: GREENBRIAR Capital Group

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BiggerPockets Daily
19 - How to Hack Your Housing and Live for Free by Brandon Turner

BiggerPockets Daily

Play Episode Listen Later Nov 2, 2020 11:15


https://www.biggerpockets.com/blog/2013-11-02-hack-housing-get-paid-live-free

Live Let Thrive Podcast
Episode 103: Hack your Housing, Car, Vacays, and Bling? It's The Share Economy Y'all!

Live Let Thrive Podcast

Play Episode Listen Later Oct 24, 2019 91:54


Forget "living" your best life, that's expensive. Instead "hack" your best life with a little help from the Share Economy! LIVE LET THRIVE Y'ALL! Hollar at Steve and Myka! www.liveletthrive.com liveletthrive@gmail.com 469-530-0239 (KEEP THE QUESTIONS COMING!) IG: @liveletthrive FB: https://www.facebook.com/LiveLetThrive/ Join our Fan Group: https://www.facebook.com/groups/18642... Rent Steve's Dallas Condo! Mention LLT and get 15% off! https://www.airbnb.com/rooms/44686852?check_in=2020-09-22&check_out=2020-09-23&s=67&unique_share_id=d71c9932-5a34-4b59-a3d8-51cfe3287157 cell: 817-566-4777 (send me a shout!) Myka's Info: FB: https://www.facebook.com/myka.a.artis IG: @sharebednbreakfast IG: @mykaartis Airbnb listings: sharebnblistings.com littlerockairbnb.com jacksonville-airbnb.com Myka's Consulting: Clarity.fm/sharebnb Mahogany Fitt's info: www.facebook.com/Mahoganyfitt/ Learn more about your ad choices. Visit megaphone.fm/adchoices

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Live Let Thrive (airbnb life, shareconomy, real estate, innovation)
Episode 103: Hack your Housing, Car, Vacays, and Bling? It's The Share Economy Y'all!

Live Let Thrive (airbnb life, shareconomy, real estate, innovation)

Play Episode Listen Later Oct 23, 2019 91:54


Forget "living" your best life, that's expensive. Instead "hack" your best life with a little help from the Share Economy! LIVE LET THRIVE Y'ALL! For Exclusive Content, Tips, Pointers, and First dibbs at new eps, Please subscribe to our brand new PATREON PAGE! www.patreon.com/LiveLetThrive Hollar at Steve and Myka! www.liveletthrive.com liveletthrive@gmail.com 469-300-9100 (KEEP THE QUESTIONS COMING!) Androiders: www.stitcher.com/podcast/live-let-thrive Myka's Info: sharebnb.guestybookings.com/ Myka's Consulting: sharebnb.com/timeshare-arbitrage-consulting-2/ sharebnb.com/airbnb-str-consulting/ www.airbnb.com/users/show/100605868 Steve's Listing & info: www.facebook.com/stevenche (ADD ME!) cell: 817-566-4777 (send me a shout!) Steve and Lupita on Island Life HGTV!!! www.hgtv.com/shows/island-life/…south-padre-island Mahogony Fitt's info: www.facebook.com/Mahoganyfitt/

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Taste for Tenacity
007. Ambition, Financial FREEDOM, and House Hacking with Scott Trench.

Taste for Tenacity

Play Episode Listen Later May 30, 2019 49:48


This week on the show, I'm thrilled to welcome Scott Trench. Scott is the author of Set for Life, host of the BiggerPockets Money podcast, and the CEO of BiggerPockets. We talk about ambition, the Four Pillars of Personal Finance, and the power of house hacking. Scott was my first introduction into the world of personal finance, and his method has stuck with me. He doesn't focus on trimming the smaller expenses that we get the most joy out of. Instead, he uses house hacking to wipe out the largest expense we have: housing. Four Pillars of Personal Finance: 1 - Minimize your spending 2 - Maximize your income 3 - Invest your savings 4 - Build assets/businesses Resources: How to Hack Your Housing and Get Paid to Life for Free Set for Life Mr. Money Mustache BiggerPockets

Money Monopolizers Podcast
Episode 5: How to Hack Your Housing and Eliminate Your Largest Expense

Money Monopolizers Podcast

Play Episode Listen Later May 30, 2019 70:34


In Episode 5 of the Money Monopolizers Podcast, Alex and Marlon discuss a subject that will set you apart financially from millions of others around the world: House Hacking! It's a term that refers to making your personal residence an asset (NOT in the sense of the old saying "my home is my greatest asset). Listen in as they explain how you can eliminate your largest expense and give their personal testimonies on the subject. For more info on how you can take control of your financial destiny, visit moneymonopolizers.comTwitter: @TheMonopolizersInstagram: @moneymonopolizers

Coach Carson Real Estate & Financial Independence Podcast
The House Hacking Guide – How to “Hack” Your Housing, Live For Free, & Start Investing in Real Estate

Coach Carson Real Estate & Financial Independence Podcast

Play Episode Listen Later Jan 28, 2019 66:45


Episode #9: House hacking is a way to live for free or almost free by making a multi-unit property your principle residence. This comprehensive episode shows you how.    For a companion article & show links visit: https://www.coachcarson.com/house-hacking-guide/   To see how to quickly estimate a property's ARV visit: https://www.biggerpockets.com/renewsblog/2016/04/29/ultimate-guide-quickly-estimating-property-arv/ --------------------------     

The Real Estate InvestHER Show
Starting out by “House Hacking” a Multifamily Building with Tennille McCoy

The Real Estate InvestHER Show

Play Episode Listen Later Apr 13, 2018 57:04


Everyone gets the same boring advice when graduating from college….which goes something like this:  Go and get a high paying job so that you can achieve the dream of buying your first home. Well what if this advice was actually not helpful or useful for someone who is looking to achieve financial freedom and long term wealth? On today's episode, we are excited to spend time with Tennille McCoy who currently focuses on buying and managing small multifamily properties. Tennille has a full time job as a HR Director and has spent most of her career in the finance world. (She LOVES finances and talking about financial education!) She is an active realtor and investor in Mercer County, New Jersey. Instead of following the traditional advice of buying a single family home, the first property she purchased was a four unit apartment building. She lived in one unit and rented out the rest of the building. This is called “house hacking” in the real estate investing world. She moved out of the building and went on to use this equity to purchase other properties. On today's show, we cover these topics: How to “house hack” your first deal Financial tips and strategies for Millennials Why buying a single family home might be the wrong move for Millennials How to live in same building as your tenants How she stays grounded through her community involvement and spiritual life Connect with Tennille via LinkedIn Resources & books discussed on today's show: dfree: Breaking Free from Financial Slavery by DeForest B. Soaries Jr. How to “Hack” Your Housing and Get Paid to Live for Free (BiggerPockets Ultimate Guide) Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices

The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli
EP 10: Starting out by “House Hacking” a Multifamily Building with Tennille McCoy

The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli

Play Episode Listen Later Apr 13, 2018 52:33


Everyone gets the same boring advice when graduating from college….which goes something like this:  Go and get a high paying job so that you can achieve the dream of buying your first home. Well what if this advice was actually not helpful or useful for someone who is looking to achieve financial freedom and long term wealth? On today's episode, we are excited to spend time with Tennille McCoy who currently focuses on buying and managing small multifamily properties. Tennille has a full time job as a HR Director and has spent most of her career in the finance world. (She LOVES finances and talking about financial education!) She is an active realtor and investor in Mercer County, New Jersey. Instead of following the traditional advice of buying a single family home, the first property she purchased was a four unit apartment building. She lived in one unit and rented out the rest of the building. This is called “house hacking” in the real estate investing world. She moved out of the building and went on to use this equity to purchase other properties. On today's show, we cover these topics: How to “house hack” your first deal Financial tips and strategies for Millennials Why buying a single family home might be the wrong move for Millennials How to live in same building as your tenants How she stays grounded through her community involvement and spiritual life Connect with Tennille via LinkedIn Resources & books discussed on today's show: dfree: Breaking Free from Financial Slavery by DeForest B. Soaries Jr. How to “Hack” Your Housing and Get Paid to Live for Free (BiggerPockets Ultimate Guide) Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below!

BiggerPockets Real Estate Podcast
274: “Because of These 3 Simple Rules, I’ve Bought Over 600 Units and Never Lost Money” with Paul Morris

BiggerPockets Real Estate Podcast

Play Episode Listen Later Apr 12, 2018 85:03


What rules govern your real estate investing strategy? For most, it’s a tough question to answer. But not for today’s guest, Paul Morris. Paul, co-author of the bestselling Wealth Can’t Wait, has been investing in real estate for more than twenty years and has never lost money, all because he abides by three simple rules. Today, Paul also discusses the power of mindset in building wealth, the key to investing in emerging markets, and much more. This episode will surely inspire, motivate, and educate you to continue your journey toward financial freedom.In This Episode We Cover:How Paul got into real estate investingUsing syndication to do your dealsThe types of properties he is buyingStick with what you knowThe three rulesBuying where you knowHow to buy in an expensive areaThe 24-hour cityWhat’s the barrier of entry on real estate?What is an emerging neighborhood?An interesting story about a keynote speechWhat is hard work?10x your goalsHow we affect others and vice versaLiving life to the fullestHire people who will love youAnd SO much more!Links from the ShowBiggerPockets ForumsHouse Hacking 101: How to “Hack” Your Housing and Get Paid to Live for FreeBiggerPockets Money ShowTiger21 Mastermind GroupBiggerPockets Podcast 254: Tim Ferriss on Real Estate, Becoming a Top Performer and His Tribe of MentorsBiggerPockets Podcast 226: From “D-Student” to $400,000 in Annual Rental Property Cash Flow with David OsbornBooks Mentioned in this ShowYou Can’t Teach a Kid to Ride a Bike at a Seminar by David H. SandlerWealth Can’t Wait by David Osborn & Paul MorrisSet for Life by Scott TrenchThe War of Art by Steven PressfieldThe Influential Mind by Tali SharotFire Round QuestionsI just bought my 1st deal… now How soon can I buy my 2nd property? Is there a waiting period?Where can I find a private lender to fund my real estate deals?Tweetable Topics:“You can’t do everything on your own.” (Tweet This!)“You buy where you know.” (Tweet This!)“The thing that stops people form taking action is the fear of loss.” (Tweet This!)“Your net worth will never exceed your self worth.” (Tweet This!)“What got us here will not get us there.” (Tweet This!)“There’s a lot more hard money out there than there are good deals.” (Tweet This!)Connect with PaulPaul’s BiggerPockets ProfilePaul’s WebsitePaul’s Instagram ProfilePaul’s Twitter ProfilePaul’s Facebook PageEmail Paul

BiggerPockets Real Estate Podcast
223: How to Become Set for Life Through House Hacking, Frugality, and Maximizing Your Income with Scott Trench

BiggerPockets Real Estate Podcast

Play Episode Listen Later Apr 20, 2017 90:27


A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth? That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life. In This Episode We Cover:A little bit on Scott‘s backgroundThe path to early financial freedomHow to house hack your way to a portfolio of propertiesTips for using the BRRRR methodHow to invest despite what the market situation isAn introduction to the book Set for LifeThe three stages of wealth mentioned in the bookWhat you should know about the “financial runway“The bonuses that comes with the bookA discussion on making more moneyThe importance of finding a job you loveHow to get the set of skills you need to succeedScott’s advice to those who are getting their first dealAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip (podcast)Ben Leybovich’s BP ProfileJered Sturm’s BP ProfileHow to “Hack” Your Housing and Get Paid to Live for Free (blog)BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall (podcast)Your First Home Purchase Could Be a Horrendous Financial Decision. Unless… (blog)Investors: Don’t Shoot for 100+ Properties. Aim for Bigger & Better With THIS Strategy. (blog)How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years (blog)Am I Missing Something, or Is Real Estate Investing Really Not That Hard? (blog)Books Mentioned in this ShowSet for Life by Scott Trench (email setforlife@biggerpockets.com)The Book on Rental Property Investing by Brandon TurnerThe ONE Thing by Gary Keller and Jay PapasanRich Dad Poor Dad by Robert T. KiyosakiTweetable Topics:“It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!)“Because we were responsible financially, we were able to take risks.” (Tweet This!)“Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!)Connect with ScottScott’s BiggerPockets Profile

ChooseFI
016 | House Hacking With Coach Carson

ChooseFI

Play Episode Listen Later Mar 27, 2017 73:57


016 | In Today’s Podcast we cover: Real estate investing and house hacking with Chad “Coach” Carson. On the path to financial independence, how much of your own budget is going towards housing? After Chad graduated college at Clemson, he got started with real estate investing in his college town. How financial independence and real estate investing have allowed Chad to move his family to Ecuador for about 1.5 years. When they moved to Ecuador they sold most of their possessions and rented out their house for 2 years. When Chad graduated college he kept his expenses extremely low and actually moved into his business partner’s spare bedroom to help save money. This led to his concept of “house hacking” as a way to keep housing expenses down to nearly zero House hacking: buy a multi-family rental unit and live in one unit while you rent out the rest and have them essentially pay for your house payment entirely Easy to become rich saving the money you’d otherwise be paying for your house and car payments Keep it simple and pay attention to the fundamentals with your financial life How do you get started with real estate? Where do you find a multi-family unit to buy? What to look for: neighborhoods with charm, safe, public transportation nearby Avoid cookie-cutter neighborhoods on the outskirts of town with new construction Chad recommends hiring a real estate agent at the beginning. Have them run searches based on your desired neighborhoods and automatically send you new listings. It is essential to walk the neighborhoods and talk to people to gather intel. Tip: walk with your kids to seem less intimidating and go on a Saturday morning when they are out It’s important to think differently and take that extra step to find great deals. Have to reach out to people and get outside your comfort zone Real estate: The numbers crunching has to come into play at some point. Put together a profile of what makes a good deal upfront Follow the ‘1% rule’: You are looking for the monthly rent to be 1% of the purchase price ($1,000 per month rent = $100,000 house price) Chad was able to pull his equity out and invest in another deal Small investors need to avoid 5 or more unit complex in order to get the most favorable owner-occupied financing Once you have an owner-occupied financing, you can move out and keep the favorable financing rates and rent all the units How to get started finding financing if you have no money saved and no contacts? Options: FHA 203k Loan in order to remodel and do a house hack or Fannie Mae Remodeling loan Building relationships with local real estate investors and private lenders Real estate debt snowball to fully own these properties as a path to wealth and financial independence Chad’s personal strategy: 15% of his assets are currently in index funds with a goal of up to 33% and the vast majority of the rest is in real estate, cash and financing/note investing Chad and his business partner have approximately 90 rental units currently Chad is not interested in growing as large as possible – he wants to find a balance in life and keep it as simple as possible to meet his financial independence goal Hot Seat Questions Favorite life hack: Planning and actually writing it out. Weekly, monthly, yearly Biggest mistake: buying into other people’s goals and getting sloppy with purchasing a lot of properties at the height of the 2007 bubble Links from the show: CoachCarson.com Root of Good House Hacking Guide - How to "Hack" Your Housing, Live For Free, & Start Investing in Real Estate How to Retire Rich With Ugly Houses and Embarrassing Old Cars Stock Series at JLCollinsNH.com The Debt Snowball Plan - How to Get Free & Clear Rental Properties The All-Cash Plan - How to Get Free & Clear Rental Properties How Many Rentals Do I Need to Retire FHA 203k Loan information

BiggerPockets Real Estate Podcast
129: Live-in Flips, Frugality, and Finance with Mindy Jensen

BiggerPockets Real Estate Podcast

Play Episode Listen Later Jul 2, 2015 69:36


On this episode of the BiggerPockets Podcast, we’re going to talk about a unique strategy that combines the power of house flipping with the benefits of home ownership. You’ll meet Mindy Jensen and discover how she uses the “live-in flip” strategy to build wealth through real estate. You’ll also learn how a live-in flipper can save significant money on taxes as well as a discussion on the benefits of doing your own work. Don’t miss this enlightening, and hilarious, episode!In This Episode We Cover:Who Mindy Jensen isHer thoughts on personal financeFrugality, as defined by MindyA debate on Starbucks (as well as Priuses) and frugalityWhere she spends her moneyHow Mindy got started in real estateDetails on her deals7% as a steal?The ins and outs of performing a live and flipGetting a real estate license as a means to investWhat you should know about For Sale By Owner (FSBO) propertiesHow she advertises her housesThe pros and cons of live and flipsWhy women can and should fix housesThe importance of home inspectionsAnd SO much more!Links from the ShowBiggerPockets Keyword Alerts#AskBP PodcastBiggerPockets BlogsBiggerPockets ForumsBP Podcast with Jeff BrownHow to “Hack” Your Housing and Get Paid to Live for FreeFSBOMadisonZillowTruliaBRRRR Strategy3 Real Life Examples That Prove the HIGH Cost of Ignorance in Real EstateWant to Make $1,000 or More Per Hour?BiggerPockets Forums: New Member IntroductionBooks Mentioned in this ShowThe Book on Flipping Houses by J. ScottThe Book on Investing with No Money Down by Brandon TurnerThe Snowball: Warren Buffett and the Business of Life by Alice SchroederThe Warren Buffett Way by Robert G. HagstromThe Richest Man in Babylon by George S. ClasonTweetable Topics:“Frugality is save money where you can, so you can spend it where you want to or where you need to.” (Tweet This!)“I didn’t get my license to sell houses. I got it so that I could invest and have access to MLS.” (Tweet This!)“Nobody likes your house more than you.” (Tweet This!)Connect with MindyMindy’s BiggerPockets Profile

BiggerPockets Real Estate Podcast
119: From Pro Athlete to Pro Real Estate Entrepreneur with Graham Mink

BiggerPockets Real Estate Podcast

Play Episode Listen Later Apr 23, 2015 83:02


On today’s episode of the BiggerPockets Podcast, we are excited to introduce you to Graham Mink, a professional hockey player turned real estate investor from the state of Vermont. Graham shares the story of getting his first deal while traveling the world and his journey since that day. You’ll learn how he turned the lessons gained from house hacking into a profitable business managing tenants, being a real estate agent, and subdividing properties.If you want to invaluable lessons about jumping into real estate investing, scaling your business, the ins and outs of financing your deals — and much more — then take a little time out of your day to hear this inspirational show!In This Episode We Cover:A bit about Graham and his professional hockey careerWhat it’s like to transition from professional sports to real estateHis first property and first tenant, thanks to his father!Details on refinancing a propertyWhat you should know about home equity lines of creditWhat exactly an FHA loan isHow to use house hacking to create incomeDetails on his second dealA discussion about the real estate marketThe ins and outs of finding the property that fits what you want to doHow Graham subdivided a propertyThe role BiggerPockets played Graham’s successHow to execute a seller-financed dealThe pros and cons of getting real estate licenseAnd SO much more!Links from the Show:BiggerPockets is hiring!BiggerPockets Webinar Replays (for Pro)How to “Hack” Your Housing and Get Paid to Live for FreeThe Real Estate Market: How to Analyze and Predict CyclesThe Real Key to Success is Cheating. Here’s How (and Why) To Cheat…BiggerPockets Podcast Show 118 with Grant CardoneBiggerPockets ForumsBiggerPockets CalculatorsBooks Mentioned in this ShowThe Book on Flipping Houses by J ScottBrandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownLandlording on Auto-Pilot by Mike ButlerThink and Grow Rich by Napoleon HillTweetable Topics:“The one who pumps out slow and steady kind of wins the race.” (Tweet This!)“If you’re not making money, you’re not making money.” (Tweet This!)“Get your license, find a mentor… scrub toilets if you have to.” (Tweet This!)“Walk before you run.” (Tweet This!)“Everybody’s got some kind of advantage.” (Tweet This!)“When you seen an opportunity that you lose, it opens the door for something else.” (Tweet This!)Connect with GrahamGraham’s BiggerPockets ProfileGraham Mink’s Wikipedia PageGraham’s TwitterGraham’s LinkedIn

BiggerPockets Real Estate Podcast
86: House Hacking Your Way to 97 Units (While Holding a Full Time Job!) with Cory Binsfield

BiggerPockets Real Estate Podcast

Play Episode Listen Later Sep 4, 2014 60:40


Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it!In This Show We Cover…Starting out with an investment that makes your wife cryHow to use a VA LoanCreativeFinance vs. Conventional FinanceThe ins and outs of investing in a college townThe SWAT team that descended on Cory’s propertyMistakes, mistakes and more mistakes!Why partnering may NOT be a good option after allHow to personally manage over 97 units while working a full time jobHow to build a solid team that can put out the fires while you chill on a beach in MexicoNetworking as a “lifestyle”Owning a frat houseWhat to look for when buying a multifamily Why real estate is better than other retirement optionsThe most helpful technological aid in Cory’s businessAnd a whole lot more!Links from the Show:Why I’m Not a Flipper-Don’t Kill the Goose! by Cory BinsfieldHow to “Hack” Your Housing and Get Paid to Live for Free by Brandon TurnerThe BiggerPockets TourBooks Mentioned in the Show:The Millionaire Real Estate Investor by Gary KellerThe Shareholder Letters by Warren BuffettTweetable Topics:“Networking is a lifestyle.” (Tweet This!)“There’s not a single path to success in real estate.” (Tweet This!)“You don’t want a “good” life, you want a “great” life.” (Tweet This!)Connect with Cory:Cory’s BiggerPocket Profile

BiggerPockets Real Estate Podcast
78: Quitting Your Job, Buy & Hold Investing, and Succeeding With High-End Rentals with Brie Schmidt

BiggerPockets Real Estate Podcast

Play Episode Listen Later Jul 10, 2014 75:14


Today on the BiggerPockets Podcast we are excited to sit down with a real estate investor who just said “you’re fired!” to her day job and became a full-time real estate investor!We are talking with Brie Schmidt, who invests in a wide range of rental properties in the Midwest and shares some incredible insight into how she finds them, finances them, and manages them. In our conversation we dive into some really important topics regarding personal finances, getting your first deal, working with your spouse, tenant-friendly laws, when to quit your job, and a lot more! You are going to LOVE this episode!In This Show We Cover…Why Brie chose a triplex for her first primary residenceChoosing appreciation vs. cash flow in a buy and hold investmentWhy Brie decided to diversify her investments into long-distance investing.What makes an area “landlord–friendly” vs. “tenant friendly“Dealing with maintenance request issues.. even while on vacation.Why Brie calls herself a “YouTube Landlord“Real Estate as a hobby vs. a businessWhy Brie encourages Pets.. even a 120lb dog!When should you quit your job?Investing with your spouse: how to make it workHouse Hacking and using your personal finances to fund your investmentsUsing online software to help you control your spending and invest in real estateThe one question that Brie asked that led to a ton of deals, financing, and partnerships.Should you allow smokers in your rental unit?And a TON more!Links from the ShowBiggerPockets WebinarsPayNearMe.com/biggerpocketsHandyman MattersIncome Property TV ShowHow to Hack Your Housing and Get Paid to Live For Free Blog Post by Brandon TurnerMint.comThe Book on Estimating Rehab Costs book by J Scott, Published by BiggerPockets Publishing.Tenant Screening: The Ultimate GuidePostlets.comIfThisThenThat: IfTTT.comBooks Mentioned in the Show:The Millionaire Real Estate Investor by Gary KellerThe One Thing by Gary KellerTweetable Topics:“They should force lawmakers to own rental properties before writing the laws.” (Tweet This!)“BiggerPockets: Pissing Off Employers Since 2004” (Tweet This!)“What’s more important? Getting rich or staying married?” (Tweet This!)“The beginning of budgeting is understanding where you are.” (Tweet This!)“I’ve learned more on the BiggerPockets forums than any book I’ve ever read.” (Tweet This!)Connect with Brie:Brie’s BiggerPocket ProfileBrie’s Twitter: @ChicagoBrieBrie’s Website: ChicagoBrie.com

BiggerPockets Real Estate Podcast
74: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and Jeromie

BiggerPockets Real Estate Podcast

Play Episode Listen Later Jun 12, 2014 84:55


On today’s episode of the BiggerPockets Podcast – we’re going to change things up- again!This is our official 2nd newbie podcast and it’s probably our most fun show yet. Just like the last newbie podcast back on episode 25, all of our guest today are investors who are just starting out and who have recently finished their first deal.These stories are not only helpful for new investors, but even the pros can learn valuable lessons from their experiences! Each of these investors also are working full time jobs, which is something a lot of our listener’s struggle with. Additionally, we cover everything from investing when you live in an expensive city to the importance of confidence when everyone thinks your crazy and we even get to talk to a real-life rocket scientist who’s smart enough to hack his mortgage! You really don’t want to miss this one!Links from the Show:The New Dumb and Dumber TrailerNextdoor.comAsana.comHow to “Hack” Your Housing and Get Paid to Live for FreeBooks Mentioned in the ShowHOLD: How to Find, Buy, and Rent Houses for Wealth by Steve ChaderFooled By Randomness by Nassim Nicholas TalebRich Dad Poor Dad by Robert T. KiyosakiDrive by Daniel H. Pink

BiggerPockets Real Estate Podcast
70: From Zero to Hundreds of Deals in Under Two Years with Grant Kemp

BiggerPockets Real Estate Podcast

Play Episode Listen Later May 15, 2014 80:40


On today’s episode of the BiggerPockets Podcast, we sit down and chat with a real estate investor who is absolutely CRUSHING IT in a very unique niche. Grant Kemp, from the Dallas Area, got his start in real estate only 2 years ago and already has hundreds of transactions under his belt, and regularly purchases 6-15 properties a month!On the show today, Grant shares with us the dirty details on his business and shows how YOU can start capitalizing on more leads, make more income, and spend less (or even none) of your own money to make it all happen! The best part is: Grant’s strategy relies on generating profits from leads that most real estate investors simply throw away by utilizing subject-to purchases and mortgage wraps! Don’t miss a second of this incredible interview and prepare to have your mind blown!In This Show, We Cover:What “Subject To” investing is, and how you can use it to acquire properties for little to nothing down.What a wrap-around mortgage isHow to protect yourself from the ‘due-on-sale’ clauseHow to use sell to the owner-finance marketHow Grant uses other wholesalers to grow his networkWhere to find leads for subject-to dealsClarity on the Dodd Frank from someone who actually read it in it’s entiretyThe importance of full-disclosure when doing subject toSelling via seller financing to get incredible returnsAnd a lot more!Links MentionedHow to “Hack” Your Housing and Get Paid to Live for FreeBP Radio Podcast 002: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s PerspectivePodioBooks Mentioned in the ShowRick Dad Poor Dad by Robert T. KiyosakiThe Richest Man in Babylon by George S. ClasonThe BibleBiggerPockets ForumsTweetable Topics“I asked myself, “How do I get into real estate with no money? The answer was subject-to.” (Tweet This!)“In real estate you just got to do it… it’s the Nike way.” (Tweet This!)Connect with GrantGrant’s BiggerPockets ProfileGrant’s Website: www.texaspridelending.comGrant’s LinkedIn

BiggerPockets Real Estate Podcast
46: Six Figure Profit Spec Building and Marketing for Incredible Deals with Jon Klaus

BiggerPockets Real Estate Podcast

Play Episode Listen Later Nov 28, 2013 82:25


On today’s special Thanksgiving Day show, we sit down with one of BiggerPockets’ most active members and biggest success stories, Jon Klaus.Jon has flipped homes, built new properties, rented homes, and done a huge variety of other activities in the real estate space. Not only is Jon an incredibly nice guy, he’s also one of the smartest investors you’ll ever hear from.Don’t miss a second of this powerful show, where we cover everything from marketing for killer good dealsoutside of the MLS, arranging financing for your deals, getting started with no money, and even a step by step journey through a six-figure spec build.Read the transcript for episode 46 with Jon Klaus here.In This Show We CoverHow Jon got started…using lawn mowing moneyMistakes Jon has made involving War ZonesThe 7,000 sq ft house flipThe 2% Rule – what it is, when to use itWhen to change your strategyThe secret for beating other investors with great dealsHow to market for incredible dealsHow a single trees can cost you over $200,000A step by step guide for spec buildingThe four elements needed for a successful spec houseBooks Mentioned in the ShowRich Dad Poor Dad by Robert KiyosakiThe 4 Hour Workweek by Tim FerrissThe E-Myth Revisited by Michael GerberThe Richest Man Who Ever Lived: King Solomon’s Secrets to Success, Wealth, and Happinessby Steven K. ScottLinks from the ShowThe Rental Property CalculatorBP Podcast 022 – Building a Marketing Machine, Spec Houses, Flipping & Wholesaling with Tucker MerrihewWade Cook – WikipediaThe Definitive Guide to Using Seller Financing to Buy Real EstateHow to Hack Your Housing and Get Paid to Live for Free from Brandon TurnerForum Threads on Dodd Frank and Safe Act 1, 2, and 3BP Podcast 038: Unique Strategies for Buying Real Estate with Travis DaggettJ Scott Diary of at Spec BuildRich Weiss – BiggerPockets ProfileJon’s recent project (with Photos)Tweetable TopicsWith determination, focus, and a little bit of money – you can get started as a real estate investor today. (Tweet This!)The deal flow will always be there; people will always buy and sell real estate. (Tweet This!)Buy the property right – that makes all the difference in the world. (Tweet This!)The key to success is determination and endurance. Winners don’t quit when it gets hard. (Tweet This!)Connect with JonJon’s BiggerPockets’ Profile