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| Name | The Easiest Way to Invest in Real Estate in 2024 (House Hacking) |
| Video Uploader | Video From BiggerPockets |
| Upload Date | This Video Uploaded At 08-05-2024 10:00:40 |
| Video Discription | Episode #950 There’s one way to invest in real estate that’s cheaper, easier, and more efficient than almost any other strategy. It allows you to get the best mortgage rates with the lowest down payments and buy properties in the best areas. And you can do it every single year until you grow a massive real estate portfolio. Real estate millionaires have been made using this strategy, but most Americans have no idea about it. What’s the wealth-building secret that savvy investors are taking advantage of? Of course, it’s house hacking. If you’ve never heard of house hacking before, the concept is simple: You buy a single-family home or a small multifamily property and rent out the space you’re not using. This not only allows you access to the best mortgages but also keeps your mortgage cost lower than living on your own. This strategy is so good that expert investor Dave Meyer and today’s lender guest, Terrence Terrell, have used it repeatedly to build serious wealth. If you’re a first-time homebuyer or have a home but want to get into rental property investing, this is THE strategy to try first. Terrence gives a beginner-friendly masterclass on house hacking, showcasing the huge benefits of house hacking’s low-money-down loans, what you need to have to qualify for a mortgage, the common misconceptions most people get wrong about house hacking, and how to use this strategy to build wealth fast. ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Grab the BiggerPockets Book on House Hacking: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media ~~~~ Hear Dave on The “On the Market” Podcast: https://link.chtbl.com/OTM ~~~~ Watch Dave on the “On The Market” YouTube Channel: https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA ~~~~ House Hacking 101: What It Is and How to Get Started: https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 6 Different Ways to Hack Your Housing: https://www.biggerpockets.com/blog/6-house-hacking-strategies-you?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Terrence on BiggerPockets: https://www.biggerpockets.com/users/terrencet1?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Dave: BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 01:26 What is House Hacking? 03:15 Put Just 1% Down! 07:50 Who Should House Hack? 09:04 It's Not as Hard As You Think 11:31 What Homebuyers Need to Know 14:27 Qualifying for a Mortgage 17:58 Advice for First-Time House Hackers mwdtOu3ZIIE |
| Category | Education |
| Tags | invest in real estate | house hacking | house hack | what is house hacking | house hacking explained | real estate investing | how to invest in real estate | real estate investing for beginners | how to start investing in real estate | start investing in real estate | how to buy a house | first time homebuyer | first time home buyer | buying your first house | mortgage | mortgage rates | how to get a mortgage | get a mortgage | invest in real estate with no money | biggerpockets | real estate |
