House Hacking: A Path to Financial Freedom & An Abundance Mindset with Michael Hoang
09/03/24 • 49 min
In this episode, Vee Le and Michael Hoang dive deep into the world of real estate investing, focusing on strategies that lead to financial freedom. They discuss the power of house hacking to generate income and build equity. Listen as they discuss the importance of controlling your debt-to-income ratio for expanding investments, the benefits of multifamily investing, and the role of financial literacy in achieving early retirement.
Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”. Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.
Michael achieved financial freedom with just three houses, and recently retired from his corporate job to pursue full time real estate investing. Michael specializes in direct to seller marketing, BRRRR method investing, house hacking, and he is now pursuing multi-family investing.
Episode Highlights
00:00 Intro
00:34 Sponsor Messages
06:08 House Hacking Strategies
11:02 House Hacking Essentials
14:19 Meaning of Financial Freedom
16:01 Michael's First Deal
17:36 Selling vs Refi
18:53 Benefits of Multi-Family
20:17 LP vs GP
23:51 Michael's Key to Early Retirement
28:20 Scarcity vs Abundance Mindset
29:46 Traveling with New Found Freedom
32:13 What's Next?
38:25 Quitting His Job
42:25 Advice to His Younger Self
47:43 Connect with Michael
Please visit our sponsors, which made this episode possible:
AirDNA: https://tinyurl.com/Air-DNA
Anderson Advisors: https://tinyurl.com/Anderson-Advisors
Baselane: https://tinyurl.com/Base-lane
Buzz Vacation Rentals: https://pm.buzzvacationrentals.com/
NREIG: http://nreig.com/reballers
Jet Lending: https://tinyurl.com/Jet-Lending
Wizehire: https://tinyurl.com/Wize-Hire
Please visit our website to get more information: https://reballers.com/
✅ Stay Connected With Us.
👉 Facebook: https://www.facebook.com/REBallers
👉 Facebook (Group): https://www.facebook.com/groups/1764098016997548
👉 Instagram: https://www.instagram.com/reballers/
👉 Linkedin: https://www.linkedin.com/company/reballers/
👉 Website: https://reballers.com/
📩 For Business Inquiries: [email protected]
===
⚠️ DISCLAIMER: All information, content, and materials available in these episodes are only designed for educational and inspirational purposes. We are not financial advisers. We only express our opinions based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Copyright Notice: This video and our YouTube channel contain dialogue, music, and images that are the property of REBallers. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided.
© REBallers
In this episode, Vee Le and Michael Hoang dive deep into the world of real estate investing, focusing on strategies that lead to financial freedom. They discuss the power of house hacking to generate income and build equity. Listen as they discuss the importance of controlling your debt-to-income ratio for expanding investments, the benefits of multifamily investing, and the role of financial literacy in achieving early retirement.
Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”. Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.
Michael achieved financial freedom with just three houses, and recently retired from his corporate job to pursue full time real estate investing. Michael specializes in direct to seller marketing, BRRRR method investing, house hacking, and he is now pursuing multi-family investing.
Episode Highlights
00:00 Intro
00:34 Sponsor Messages
06:08 House Hacking Strategies
11:02 House Hacking Essentials
14:19 Meaning of Financial Freedom
16:01 Michael's First Deal
17:36 Selling vs Refi
18:53 Benefits of Multi-Family
20:17 LP vs GP
23:51 Michael's Key to Early Retirement
28:20 Scarcity vs Abundance Mindset
29:46 Traveling with New Found Freedom
32:13 What's Next?
38:25 Quitting His Job
42:25 Advice to His Younger Self
47:43 Connect with Michael
Please visit our sponsors, which made this episode possible:
AirDNA: https://tinyurl.com/Air-DNA
Anderson Advisors: https://tinyurl.com/Anderson-Advisors
Baselane: https://tinyurl.com/Base-lane
Buzz Vacation Rentals: https://pm.buzzvacationrentals.com/
NREIG: http://nreig.com/reballers
Jet Lending: https://tinyurl.com/Jet-Lending
Wizehire: https://tinyurl.com/Wize-Hire
Please visit our website to get more information: https://reballers.com/
✅ Stay Connected With Us.
👉 Facebook: https://www.facebook.com/REBallers
👉 Facebook (Group): https://www.facebook.com/groups/1764098016997548
👉 Instagram: https://www.instagram.com/reballers/
👉 Linkedin: https://www.linkedin.com/company/reballers/
👉 Website: https://reballers.com/
📩 For Business Inquiries: [email protected]
===
⚠️ DISCLAIMER: All information, content, and materials available in these episodes are only designed for educational and inspirational purposes. We are not financial advisers. We only express our opinions based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Copyright Notice: This video and our YouTube channel contain dialogue, music, and images that are the property of REBallers. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided.
© REBallers
Previous Episode
A Guide to Mid-Term Rentals
Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”. Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.
Please visit our website to get more information: https://reballers.com/
Episode Highlights
Please visit our sponsors, which made this episode possible:
AirDNA
Anderson Advisors
Baselane
Buzz Vacation RentalsNREIGJet LendingWizehire
✅ Important Link to Follow
🔗 Linktree
https://linktr.ee/REballers
✅ Stay Connected With Us.
👉 Facebook: https://www.facebook.com/REBallers
👉 Facebook (Group): https://www.facebook.com/groups/1764098016997548
👉 Instagram: https://www.instagram.com/reballers/
👉 Linkedin: https://www.linkedin.com/company/reballers/
👉 Website: https://reballers.com/
📩 For Business Inquiries: [email protected]
===
✅ About REBallers.
Welcome to REBallers: Real Estate Investing, Real Experiences 🏠💡
Join us at REBallers, where real estate investment isn't just a topic—it's a journey we embark on together. Hosted by Vee Le, an enthusiastic investor, entrepreneur, and business innovator, our channel is a melting pot of real-world experiences, actionable advice, and industry wisdom.
At REBallers, every real estate journey is unique, with its ups and downs. I share my victories and setbacks so we can all learn and grow together.
===
ADD HASHTAG HERE
⚠️ DISCLAIMER: All information, content, and materials available in these episodes are only designed for educational and inspirational purposes. We are not financial advisers. We only express our opinions based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Copyright Notice: This video and our YouTube channel contain dialogue, music, and images that are the property of REBallers. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided.
© REBallers
Next Episode
From Healing to Hustling: Land and Real Estate Notes - Crystal & Rick Rumer
From rescuing lives in Alaska to buying land and creating real estate notes, the Rumers share their story of transformation, resilience, and smart investing. In this interview, Crystal and Rick break down their approach to buying large tracts of land, subdividing, and using owner financing to generate steady cash flow. They also explain the power of note investing, detailing how they help investors earn passive income without the hassles of property management. Whether you’re new to real estate or looking to diversify your investment strategy, this episode is packed with valuable insights and actionable advice.
Enjoy the video!
*****************
Vee, the founder of REBallers, is a franchise owner and a Developmental Agent of HomeVestors “We Buy Ugly Houses”. Today, Vee is actively buying and selling properties in Houston, Austin, San Antonio, and Corpus Christi, TX while growing her rental portfolio of long term and short-term rentals.
Please visit our website to get more information: https://reballers.com/
Episode Highlights
00:00:00 Introduction
00:01:07 Sponsor Messages
00:03:42 Building a Place of Refuge in Alaska
00:15:37 Their Real Estate Journey
00:15:58 Originating Notes and Subdividing Land
00:17:04 Introduction to Notes
00:23:46 Subdividing Land
00:26:57 Criteria to Look for in Land
00:36:53 Understanding Entitlement & Development
00:39:10 Note Terms and Interest Rates
00:44:57 Exit Strategies
00:48:08 Compliance and the Role of an RMLO
00:49:58 Seasoned Notes
00:52:25 Selling Notes Above Face Value
00:56:18 Partial Notes
01:00:41 Advice for Young Investors
01:08:04 Connect with The Rumers
Please visit our sponsors, which made this episode possible:
AirDNA: https://tinyurl.com/Air-DNA
Anderson Advisors: https://tinyurl.com/Anderson-Advisors
Baselane: https://tinyurl.com/Base-lane
Buzz Vacation Rentals: https://pm.buzzvacationrentals.com/
NREIG: http://nreig.com/reballers
Jet Lending: https://tinyurl.com/Jet-Lending
Wizehire: https://tinyurl.com/Wize-Hire
✅ Stay Connected With Us.
👉 Facebook: https://www.facebook.com/REBallers
👉 Facebook (Group): https://www.facebook.com/groups/1764098016997548
👉 Instagram: https://www.instagram.com/reballers/
👉 Linkedin: https://www.linkedin.com/company/reballers/
👉 Website: https://reballers.com/
📩 For Business Inquiries: [email protected]
===
#realestateinvesting #realestatenotes #land
⚠️ DISCLAIMER: All information, content, and materials available in these episodes are only designed for educational and inspirational purposes. We are not financial advisers. We only express our opinions based on our experience. Your experience may be different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
Copyright Notice: This video and our YouTube channel contain dialogue, music, and images that are the property of REBallers. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided.
© REBallers
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