What when you may stay in your house whereas another person pays the mortgage? That’s the concept behind home hacking.
Home hacking refers to residing in a house or multi-unit property whereas renting out a part of it. Devoted home hackers say it’s a good way to put the inspiration for an actual property empire—one that may catapult you to monetary freedom. However will it be just right for you?
That’s what we’re exploring on this week’s podcast.
As standard, host Stacy Johnson is joined by monetary journalist Miranda Marquit. Listening in and generally contributing is producer Aaron Freeman. This week’s visitor is Robert Leonard, the writer of “The Everything Guide to House Hacking.”
Keep in mind, although we generally discuss particular investments in our podcasts, don’t take them as suggestions. Earlier than investing in something or making any cash strikes, do your analysis and make your personal selections.
You’ll be able to watch this episode beneath, or when you’d desire to pay attention, you are able to do that with the participant on the high of this text or obtain the episode wherever you get your podcasts:
What’s home hacking?
On this episode, we discuss home hacking and the totally different varieties it may possibly take. From shopping for a house and residing in it when you repair it as much as buying a multi-unit property and residing in it whereas your tenants pay the mortgage, there are other ways to get extra out of your main residence.
Different actual estate-related hyperlinks:
What are you able to count on from actual property sooner or later?
Is now the appropriate time to put money into actual property? Or do you have to wait? Earlier than making that call, try our sources on what you want to know.
And, when you’re undecided about actual property, you can too flip to the inventory market. It’s fairly shaky proper now, however that doesn’t imply you may’t benefit from it. Try our podcast episode on 5 Things You Need to Know About This Horrible Stock Market.
Meet this week’s visitor, Robert Leonard
Robert Leonard is the vice chairman of development at The Investor’s Podcast Community, podcast host of “Actual Property 101” and “Millennial Investing,” founder and managing accomplice of Piranha Capital, and founding father of EverythingHouseHacking.com. He earned an MBA in accounting and finance and a BSBA in finance and economics, and is an authorized administration accountant (CMA).
Don’t take heed to podcasts?
A podcast is mainly a radio present you may take heed to wherever and anytime, both by downloading it to your smartphone, or by listening on-line. They’re superior for studying stuff and being entertained while you’re within the automobile, doing chores, jogging or using your bicycle.
For those who haven’t listened to our podcast but, give it a strive, then subscribe. You’ll be glad you probably did!
In regards to the hosts
Stacy Johnson based Cash Talks Information in 1991. He’s a CPA, and he has additionally earned licenses in shares, commodities, choices principal, mutual funds, life insurance coverage, securities supervisor and actual property.
Miranda Marquit, MBA, is a monetary professional, author and speaker. She’s been masking private finance and investing subjects for nearly 20 years. When not writing and podcasting, she enjoys journey, studying and the outside.