Uploaded January 2021 | Updated September 2026, 3 weeks ago
Want to live for free? Especially living in Hawaii? In this video we explore the real estate investing strategy of house hacking and multi family real estate investing and its possibilities. Feel free to add me on instagram: @kikoga
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1600):
act.webull.com/kol-us/share.html?hl=en&inviteCode=b6rwkeSWuTOz
Software Used In Construction:
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Autodesk Revit amzn.to/3qEl6Fe
Microsoft Office amzn.to/3pFMPnQ
Youtube Camera and Recording Equipment:
Camera amzn.to/2ZOrGxn
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Clip On Mic amzn.to/3qM3pUw
Ring Light amzn.to/3pAA6m9
Drone amzn.to/2ZyJkET
*Some of the links and other products that appear on this video are from companies which Kienen Koga will earn an affiliate commission or referral bonus. Kienen Koga is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Home ownership and real estate investing is pretty complicated in itself. But understanding and having the ability to house hack can put you at a strong advantage in the multi family real estate game. Here's how it works:
You buy a multi family property, say a triplex, for $500,000. Putting down 20% as the typical loan for a home means you have put in $100,000 into the property and you have a loan for $400,000. If you lock in an interest rate in today's market at say, 3%, your monthly mortgage will be roughly $1,686 per month with property taxes, insurance, misc fees, your monthly payment will likely be somewhere around $2,400/month. So, that being said, if you can live in one unit of the triplex, and rent out the other units for $1,200 or more, congratulations you have successfully house hacked and found a way to live for free.
But in reality, and especially in Hawaii, sometimes the numbers for house hacking just don't work out. Maintenance fees, and just high cost of real estate can make it difficult to make a profit and also create a barrier to entry. You have to do your research and run the numbers on the property to see if you can house hack it. You also have to consider if you like living with people close by. It is possible to house hack a single family home as well, but it is much more of an invasion of your privacy that if you have separate units in a multi family complex.
House hacking can be a great real estate investing strategy if done correctly, with research, and in line with your desired life style. If you have the funds, no harm in going for it! Its a great way to own real estate and start building equity while you save up for your next real estate investment.
0:00 Intro
0:52 What is House Hacking?
2:33 Hawaii Property Analysis 1 - Cheapest $849k
5:51 Hawaii Property Analysis 2 - $930k
9:01 Hawaii Property Analysis 3 - $1.15 Million
9:52 Main Takeaways
Song: MBB - Hawaii
Music provided by Vlog No Copyright Music.
Creative Commons - Attribution-ShareAlike 3.0 Unported
Video Link: youtu.be/DdHHXQOIM3k
Want to live for free? Especially living in Hawaii? In this video we explore the real estate investing strategy of house hacking and multi family real estate investing and its possibilities. Feel free to add me on instagram: @kikoga
LIMITED TIME: Get 2 FREE STOCKS ON WEBULL when you deposit $100 (Valued up to $1600):
act.webull.com/kol-us/share.html?hl=en&inviteCode=b6rwkeSWuTOz
Software Used In Construction:
AutoCad amzn.to/3qGt1lz
Autodesk Revit amzn.to/3qEl6Fe
Microsoft Office amzn.to/3pFMPnQ
Youtube Camera and Recording Equipment:
Camera amzn.to/2ZOrGxn
Shotgun Mic amzn.to/2ZAL2FT
Clip On Mic amzn.to/3qM3pUw
Ring Light amzn.to/3pAA6m9
Drone amzn.to/2ZyJkET
*Some of the links and other products that appear on this video are from companies which Kienen Koga will earn an affiliate commission or referral bonus. Kienen Koga is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
Home ownership and real estate investing is pretty complicated in itself. But understanding and having the ability to house hack can put you at a strong advantage in the multi family real estate game. Here's how it works:
You buy a multi family property, say a triplex, for $500,000. Putting down 20% as the typical loan for a home means you have put in $100,000 into the property and you have a loan for $400,000. If you lock in an interest rate in today's market at say, 3%, your monthly mortgage will be roughly $1,686 per month with property taxes, insurance, misc fees, your monthly payment will likely be somewhere around $2,400/month. So, that being said, if you can live in one unit of the triplex, and rent out the other units for $1,200 or more, congratulations you have successfully house hacked and found a way to live for free.
But in reality, and especially in Hawaii, sometimes the numbers for house hacking just don't work out. Maintenance fees, and just high cost of real estate can make it difficult to make a profit and also create a barrier to entry. You have to do your research and run the numbers on the property to see if you can house hack it. You also have to consider if you like living with people close by. It is possible to house hack a single family home as well, but it is much more of an invasion of your privacy that if you have separate units in a multi family complex.
House hacking can be a great real estate investing strategy if done correctly, with research, and in line with your desired life style. If you have the funds, no harm in going for it! Its a great way to own real estate and start building equity while you save up for your next real estate investment.
0:00 Intro
0:52 What is House Hacking?
2:33 Hawaii Property Analysis 1 - Cheapest $849k
5:51 Hawaii Property Analysis 2 - $930k
9:01 Hawaii Property Analysis 3 - $1.15 Million
9:52 Main Takeaways
Song: MBB - Hawaii
Music provided by Vlog No Copyright Music.
Creative Commons - Attribution-ShareAlike 3.0 Unported
Video Link: youtu.be/DdHHXQOIM3k
