Secrets to House Hacking

12/27/24 • 76 min

Largo Real Estate Investing & Real Estate Financial Planning™ Podcast

Learn the secrets of house hacking in Largo.

This class is Module 15 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

What are the different variations of the house hacking real estate investing strategy and what are some of the pros and cons of each.
What are the most common ways to finance house hacking real estate investments? And what are some of the more unusual ways?
Is the house hacking real estate investing typically an active or passive investment?
How long do you typically hold house hacking real estate investments? And, why might you change that?
How do you typically exit a house hacking real estate investment? How does your buyer typically finance the purchase when they buy from you?
Is the house hacking real estate investing typically for real estate investors or real estate entrepreneurs... and what’s the difference?
How much money is typically required to invest utilizing the house hacking real estate investing strategy? What are some of the less common money requirements?
What credit is required to utilize the house hacking real estate investing strategy? And, what are some less common credit-related requirements?
What are the 4 primary skills required for house hacking real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing.
Is the house hacking real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face?
How scalable is the house hacking real estate investing strategy?
What is your risk exposure with the house hacking real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies?
How quickly do you make money with house hacking? What amount of money do you make at that interval?
How does one typically find deals as a house hacking real estate investor? What are some of the more unusual ways to find deals?
What do you use to analyze house hacking real estate investments and where to get a copy of the spreadsheet you need... for free?
What are the ideal market conditions for the house hacking real estate investing strategy and what is a challenging market to utilize this strategy in?
How accessible or available are viable house hacking real estate deals?
Can you utilize your retirement money to invest in house hacking real estate investments?
Plus much more...

Check out the video and additional resources related to Secrets to House Hacking .

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis SpreadsheetTM by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Largo real estate investor podcast? Book a free consultation to discuss.

Learn the secrets of house hacking in Largo.

This class is Module 15 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

What are the different variations of the house hacking real estate investing strategy and what are some of the pros and cons of each.
What are the most common ways to finance house hacking real estate investments? And what are some of the more unusual ways?
Is the house hacking real estate investing typically an active or passive investment?
How long do you typically hold house hacking real estate investments? And, why might you change that?
How do you typically exit a house hacking real estate investment? How does your buyer typically finance the purchase when they buy from you?
Is the house hacking real estate investing typically for real estate investors or real estate entrepreneurs... and what’s the difference?
How much money is typically required to invest utilizing the house hacking real estate investing strategy? What are some of the less common money requirements?
What credit is required to utilize the house hacking real estate investing strategy? And, what are some less common credit-related requirements?
What are the 4 primary skills required for house hacking real estate investors? And, how does one of those skills vary depending which strategy you’re utilizing.
Is the house hacking real estate investing actively or passively stable? And, what does that means in terms of the entire business blowing up in your face?
How scalable is the house hacking real estate investing strategy?
What is your risk exposure with the house hacking real estate investing strategy? What are some of your risks? How does that increase with certain sub-strategies?
How quickly do you make money with house hacking? What amount of money do you make at that interval?
How does one typically find deals as a house hacking real estate investor? What are some of the more unusual ways to find deals?
What do you use to analyze house hacking real estate investments and where to get a copy of the spreadsheet you need... for free?
What are the ideal market conditions for the house hacking real estate investing strategy and what is a challenging market to utilize this strategy in?
How accessible or available are viable house hacking real estate deals?
Can you utilize your retirement money to invest in house hacking real estate investments?
Plus much more...

Check out the video and additional resources related to Secrets to House Hacking .

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis SpreadsheetTM by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Largo real estate investor podcast? Book a free consultation to discuss.

Previous Episode

Secrets to Financing

Learn the secrets of financing investment properties in Largo.

This class is Module 14 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

What are the 14 financing options for buying rental properties?
What is PMI and why would you ever pay for insurance to protect the lender?
How paying the lender can improve your cash flow and how accepting a little kickback from the lender can reduce your closing costs.
The 5 most common loan programs for funding the purchase of your investment properties.
The most common loan program—don’t worry... it is also NomadTM and house hacker approved—and the details on how to use it to buy single family homes, condos, townhomes, duplexes, triplexes and fourplexes with small down payments.
The best loan program for those with credit challenges, recent bankruptcies, and/or foreclosures... and how to use it to acquire rental properties—even duplexes, triplexes and fourplexes—with a small down payment.
The two nothing-down loan programs and the details on using them.
When to go to specialized portfolio lenders... and the pros and—more importantly—the cons of using these special loan programs.
More exotic loan programs/sources that fewer people know about and even fewer use...
Why it pays handsomely to plan your loans from the beginning to avoid painting yourself into a corner, living with reduced cash flow and locking yourself out of being able to access equity in your properties.
The recommended, preferred order of loans for NomadsTM looking to acquire a portfolio of rental properties.
The importance of understanding the qualification requirements of your desired loan programs... especially if you’re self-employed.
How your credit score impacts your ability to get loans and where to get access to your credit score... for free... to improve it and ultimately improve your cash flow.
A simplistic—yet effective—approach to debt-to-income to help you qualify for investor loans and reduce risk.
The most often requested loan docs and why/how you should keep a folder with these files at hand for getting new loans.
Plus much more...

Check out the video and additional resources related to Secrets to Financing.

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis SpreadsheetTM by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Largo real estate investor podcast? Book a free consultation to discuss.

Next Episode

Secrets of Return on Investment

Learn the secrets of return on investment for rental properties in Largo.

This class is Module 16 of 46 in a series called Real Estate Investing Secrets.

Topics covered in this module include:

What are the 4 primary areas of return on rental properties? And, what is the secondary return?
What time period do we typically look at for returns on rentals? How does that change from analyzing the deal to steady-state of owning the rental property?
What are the two types of appreciation? Is appreciation just inflation? How much might appreciation be on a typical rental property?
What is cash flow? What expenses does cash flow include in its calculation? How much cash flow might you see on a typical rental property? And, what can cause that number to vary... and by how much?
How do you think about paying down the loan on rental properties? How much might you be paying down on a typical rental property?
What about the tax benefits on rental properties? How much might you see in tax benefits from a typical rental property?
How do we account for needing reserves when buying rental properties? Do we earn returns on reserves? What might that look like on a typical rental property?
Looking at all the returns in terms of dollars for three distinct cases.
A special downloadable spreadsheet for tracking returns on all your rentals.
A deeper look into how good these returns are... and introducing a new way to measure returns to compare them to other investments.
What gets included as part of “investment” in return on investment calculations—including two unexpected components that most people miss? And, how do we deal with reserves?
Examples of what the return on investment might look like for three distinct cases on a typical rental property.
When looking at the return on investment from purchase through sale, what gets included as a cost of sale?
How do we calculate Net Sale Price, Profit From Sale Before Taxes, Capital Gains Taxes, Depreciation Recapture Taxes, and Profit After Taxes?
A look at annualized return on investment, compound return on investment and internal rate of return (IRR) for rental properties... and why you don’t need to calculate these yourself when using The World’s Greatest Real Estate Deal Analysis SpreadsheetTM.
Why return on investment is perfect when analyzing a property you’re considering buying and when looking at how an investment performed between when you bought it and when you sold it... but why we use something completely different for properties we currently own.
Plus much more...

Check out the video and additional resources related to Secrets of Return on Investment.

Free Real Estate Deal Analysis Spreadsheet: Download a copy of the newest version of The World's Greatest Real Estate Deal Analysis SpreadsheetTM by going to:

https://RealEstateFinancialPlanner.com/spreadsheet

Improve Cash Flow: Book a consultation to improve cash flow using our proprietary 88 cash flow improving strategies.

Real Estate Agent & Lender Collaborators: Interested in collaborating with us on the Largo real estate investor podcast? Book a free consultation to discuss.