Avoid THESE House Hacking Pitfalls | He Almost Bought a Money Pit!
Are you a new investor wondering how to get started in real estate? Curious about whether house hacking is still a viable strategy in today's market and how to do it well? In this episode, I sit down with Brandon Jones, a new investor who successfully house hacked his first duplex and is on his way to purchasing more real estate while setting himself up for a future of financial freedom.
Brandon shares invaluable insights on:
• Finding and negotiating the first deal
• Lining up financing and building a team BEFORE buying
• Overcoming common pitfalls and unexpected obstacles
• Dealing with inherited tenants
We also break down the numbers on his first deal, offering a comprehensive look at what it takes to succeed.
Timestamps
0:00 - Introduction
1:28 - Brandon's Background
5:12 - First Steps and Preparation
20:21 - Finding the Right Property
34:52 - Financing and Negotiation
39:40 - Renovations and Challenges
47:26 - Tenant Transition and Screening
53:45 - Results and Future Plans
56:45 - Reflections and Advice
59:42 - Conclusion
----------------------
HOUSE HACKING RESOURCES🏡💵💲:
If you’re just starting out and considering buying your first house hack, check out my free ebook: The House Hacking Success Checklist. It will go over 7 things that you should be working on and making sure you do BEFORE you buy your first house hack!
Check it out here: https://mailchi.mp/a97196c03faa/house...
Join my Free House Hack Mastery Group over on Skool.com, link here:
https://www.skool.com/house-hack-mast...
Affiliate / Video Links and Free Giveaways:
If you are a mom & popl landlord, check out this 100% free property management software: https://baselaneaffiliateprogram.pxf....
manage all your rental property finances in one place
no more spreadsheets and no need to pay for Quickbooks or other accounting software subscriptions
free rent collection and ACH transfers
allows for multiple online bank accounts
best part is that there are no hidden fees
My favorite tenant screening service (RentPrep.com): https://bit.ly/3XLxUviRentPrepAffiliate
sign up for a free account
have your applicants pay for tenant screening directly to the site
no more need to collect application fees
Watch my review and tutorial here: • How to Screen Tenants in 2021 | RentPrep.c...
Best platform for finding off-market real estate deals (PropStream.com):
https://trial.propstreampro.com/succe...
sign up for a free 7-day trial to test it out!
tons of features for finding and marketing to motivated sellers and cash buyers
Watch my review and tutorial here: • Video
Rental property analysis video playlist: • How to Analyze a House Hack Listing
My free sample rental application: https://mailchi.mp/3050a8472b29/sampl...
Watch the video here: • Include THIS in Your Rental Applications |...
----------------------------------
Instagram:
/ succeed_rei
Facebook pages:
/ succeedrei
/ serenity518
LinkedIn:
/ vitaliyvolpov
TikTok:
https://www.tiktok.com/@succeedrei?_t...
Attorney Profile:
https://www.woh.com/attorneys/79/vita...
My blog: http://www.succeedrei.com
My real estate brokerage: https://www.serenityrealestate518.com/
-------------------------------------
DISCLAIMER: please note that the information contained in this video is for educational and entertainment purposes only. You should always consult your own attorney and your own financial and tax advisors before making any legal or financial decisions. This video is not intended to and does not create any attorney-client relationship between the content creator and the viewer. The views and opinions expressed in this video belong solely to the creator and do not reflect those of his law firm or any of his business partners.
#succeedrei