There is an almost fool-proof way to invest in real estate in 2023. It requires very little money down, no experience in investing, and can be used over and over and over again to build millions of dollars in real estate wealth. The strategy? House hacking! Real estate millionaires agree that this strategy is the BEST way to get started investing and can help launch you to the next level of financial freedom. You DON’T need a ton of time or money to house hack, and doing so could set you up for life.
And if you think our empire-building hosts, David Greene, Henry Washington, and Rob Abasolo, aren’t spitting facts, think again. All three of these investors started house hacking and credit it as the greatest move they made to build wealth. But how does house hacking work, and if it’s such a smart move to make, why isn’t everyone doing it? In essence, house hacking allows you to monetize your living space. So, you get paid to have a mortgage instead of paying a mortgage. This could mean renting out your spare bedrooms, Airbnb-ing your mother-in-law suite, or buying a duplex and renting out the other side.
And during a time when mortgage rates are higher than many of us have seen before and housing affordability is at an all-time low, house hacking can become your savior of savings, helping you keep more money every month. This compounded savings allows you to buy even more real estate, build your dream portfolio faster, and retire earlier than you thought. So, if you’re ready to invest in real estate, don’t sleep on house hacking!
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Episode #745
Show notes at:
00:00 Intro 01:21 Quick Tip 03:44 Live Mortgage-Free! 10:21 How to Start House Hacking 15:16 The Key to Affordable Housing 22:21 Finding and Analyzing a House Hack 27:26 Picking Your Market 33:30 The Different Ways to House Hack 38:11 House Hacking Will Make You MILLIONS 44:24 Connect with The Hosts!
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By: BiggerPockets Title: The EASIEST Way to Invest in Real Estate in 2023 Sourced From: www.youtube.com/watch?v=M8XaarsoojA
