Brief Introduction
How to Live for Free and Raise Your Income Through HomeownershipDescription
What would your life look like if your housing expense was reduced or completely eliminated?
For most of us, our largest expense is housing. After student loans, car payments, food, and more, what’s left at the end of the month is a small fraction of the salary you’re paid. Personal finance experts preach to stop buying your favorite drink at Starbucks and cook all of your meals at home. The truth is, these things do help, but it’s only a minuscule amount of money. More importantly, it’s often these small pleasure-based experiences that give us the most juice in life. So, how can we get ahead financially on our current salary without sacrificing the small pleasures?
Enter house hacking.
In today’s world, we’re presented with many unique opportunities - one of which being housing costs are rising quite rapidly while salaries are barely outpacing inflation.
House hacking allows you to take advantage of rising housing costs while simultaneously living for free. This is achieved by purchasing a property, living in one portion, and renting out the remaining units or bedrooms. More importantly, it’s low-risk and takes minimal time to maintain after your property is rented.
No late nights. No early mornings. Just a higher net income and a larger net worth.
Here's what you'll learn:
How to find a property that fits your needs - both right now and in the future
How to understand the rental numbers and financial impact of your house hack
How to hit the ground running with a gameplan before taking over the property
How to manage tenants efficiently for maximum profit and minimum headaches
And much more!
This course is for you if...
You want to expedite the learning curve of becoming a homeowner and landlord
You want to use this first house hack as your foundation to acquire more rental properties
You want to buy a house hack, but feel overwhelmed with the idea of starting
You need encouragement to take the leap and buy your house hack
You feel you would benefit from an experienced house hacker providing you with 1-on-1 guidance
You want the skills and knowledge to be a fantastic landlord
This is not for you if...
You expect results without putting in the effort
You have zero dollars in the bank. While there are methods of acquiring a property with no money, the method of my teaching assumes your finances are adequate to purchase a property
Requirements
- Requirements
- Willingness to apply what you learn
Drew Markert
5 Raiting
The Beginner's Guide to House Hacking
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