Rich Dad Radio Show: In-your-face Advice On Investing, Personal Finance, & Starting A Business

House Hacking 101: What It Is and How to Get Started

Informações:

Synopsis

Sign Up for Jaren's FREE Event: "How to Buy Profitable Real Estate Deals" - https://bit.ly/4eFuLV8In this episode of the Rich Dad Radio Show, host Jaren Sustar sits down with seasoned real estate investor Ryan Burnham to explore the power of house hacking as a strategy to achieve financial freedom. Ryan shares his inspiring journey from working a traditional job to building a thriving real estate portfolio through house hacking, offering valuable insights for aspiring investors looking to reduce living expenses and grow wealth through smart real estate investments.What is House Hacking?House hacking involves purchasing a property as your primary residence and renting out extra spaces to generate income. Whether it's a spare bedroom, a basement suite, or an additional unit in a duplex or triplex, house hacking allows you to cover mortgage costs and lower your overall housing expenses. This flexible strategy can be adapted for short-term, mid-term, or long-term rental options, depending on your financial goals.