41. House Hacking on Steroids with the 203k Loan with Matt Porcaro

House Hacking Success

Innhold levert av Brad Labrie, Drew Klingler, Brad Labrie, and Drew Klingler. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Brad Labrie, Drew Klingler, Brad Labrie, and Drew Klingler eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

4+ y ago 1:07:22

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In this episode Matt from the @the203kway talks about how to use the 203k loan and how it can build huge equity. The 203k loan is like learning to flip a house with training wheels while getting to house hack at the same time. Matt breaks down the process for us in an easy to understand way. Listen to this before pursuing a 203k loan!
Links:
Matt's Instagram: @the203kway
203ksecrets.com
Show sponsors:

Rentometer - Rentometer lets you analyze rent on your property!
RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!

Instagram: @househackingsuccess
househackingsuccess.com
Click here to download our FREE eBook
The House Hacking Success Course

Visit our website to learn more about house hacking at househackingsuccess.com

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House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

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#Trading #Entrepreneur #Business #Brad Labrie, Drew Klingler #Brad Labrie #Drew Klingler