Methods to Attain for Monetary Freedom with Home Hacking

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What for those who 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 an effective way to put the muse for an actual property empire—one that may catapult you to monetary freedom. However will it give you the results you want?

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 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, although we typically speak about 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 choices.

You possibly can watch this episode under, or for those who’d desire to pay attention, 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 neglect to check out our podcast page for extra episodes designed that will help you profit from your cash and our YouTube page for extra movies.

What’s home hacking?

On this episode, we speak about home hacking and the completely different kinds it will probably take. From shopping for a house and residing in it whilst you repair it as much as buying a multi-unit property and residing in it whereas your tenants pay the mortgage, there are alternative ways to get extra out of your major 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 spend money on actual property? Or must you wait? Earlier than making that call, try our assets on what you’ll want to know.

And, for those who’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 profit from 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 / Cash Talks Information

Robert Leonard is the vp of progress 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 an authorized administration accountant (CMA).

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



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