How to Reach for Financial Freedom with House Hacking

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What when you may dwell in your house whereas another person pays the mortgage? That’s the thought behind home hacking.

Home hacking refers to dwelling 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 typical, host Stacy Johnson is joined by monetary journalist Miranda Marquit. Listening in and typically contributing is producer Aaron Freeman. This week’s visitor is Robert Leonard, the creator of “The Everything Guide to House Hacking.”

Keep in mind, despite the fact that we typically 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 individual choices.

You’ll be able to watch this episode beneath, or when you’d desire to hear, you are able to do that with the participant on the prime of this text or obtain the episode wherever you get your podcasts:

Don’t overlook to check out our podcast page for extra episodes designed that will help you take advantage of your cash and our YouTube page for extra movies.

What’s home hacking?

On this episode, we discuss home hacking and the completely different types it will probably take. From shopping for a house and dwelling in it whilst you repair it as much as buying a multi-unit property and dwelling in it whereas your tenants pay the mortgage, there are other ways to get extra out of your major residence.

Different actual estate-related hyperlinks:

What are you able to anticipate from actual property sooner or later?

Is now the best time to put money into actual property? Or must you wait? Earlier than making that call, take a look at our assets on what you must 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’ll be able to’t take advantage of it. Take a look at 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 vp of development at The Investor’s Podcast Community, podcast host of “Actual Property 101” and “Millennial Investing,” founder and managing companion 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 a licensed administration accountant (CMA).

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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 skilled, author and speaker. She’s been overlaying private finance and investing matters for nearly 20 years. When not writing and podcasting, she enjoys journey, studying and the outside.

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