In this episode we interview Chad Duval from the Start FM podcast about how he got started in real estate and his advice on getting started and investing in commercial real estate.
In this episode we cover:
- Starting out by house hacking
- Moving onto commercial real estate
- Finding the right real estate agent and contractors
- Getting started and taking action to become a real estate investor
- And more!
Links:
Landlordy - Our favorite property management app!
Instagram: @iamchadduval
Chad's Podcast: Start FM
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.
