Daniel Inskeep | Live for FREE by House-Hacking @DanielInskeep | Uploaded November 2020 | Updated October 2024, 8 hours ago.
If you're tired of paying rent (or a mortgage) every month, you may want to look into house-hacking. House-hacking is the concept of buying a 2-4 unit property, living in one of the units, and renting the remaining units out to help cover your expenses, allowing you to live rent-free in a lot of cases.
This is something I've considered doing for years! The key is saving up enough to cover your initial costs, like a down payment. The good news is you can purchase a 2-4 unit property with an FHA loan using only 3.5% down. This makes the barrier to entry far more accessible to the average person and can help you achieve financial freedom more easily.
In this video, I break down the concept, the possibilities, and the drawbacks. It's important to be aware of all the potential expenses you may encounter when employing this strategy, so I hope this video serves as a good jumping-off point for you to continue learning about investing in small multi-family properties!
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If you want to support my channel, check out the following:
Get 2 FREE stocks (until 12/14/2020) when you signup for Webull and deposit $100:
➦ bit.ly/antiguruwebull
◉ Affiliate Links: ◉
My microphone: amzn.to/2FN5ixf
This mic activator (for better sound): amzn.to/2FCUli7
Vlogging camera: amzn.to/2Ha3ejN
My huge wall calendar: amzn.to/3hEiZvU
Check out my music on Spotify:
➦ spoti.fi/2WTkXSv
Put my music in your videos:
➦ geni.us/mangostreetmusic
My main channel on photography:
◉ youtube.com/mangostreet
If you're tired of paying rent (or a mortgage) every month, you may want to look into house-hacking. House-hacking is the concept of buying a 2-4 unit property, living in one of the units, and renting the remaining units out to help cover your expenses, allowing you to live rent-free in a lot of cases.
This is something I've considered doing for years! The key is saving up enough to cover your initial costs, like a down payment. The good news is you can purchase a 2-4 unit property with an FHA loan using only 3.5% down. This makes the barrier to entry far more accessible to the average person and can help you achieve financial freedom more easily.
In this video, I break down the concept, the possibilities, and the drawbacks. It's important to be aware of all the potential expenses you may encounter when employing this strategy, so I hope this video serves as a good jumping-off point for you to continue learning about investing in small multi-family properties!
–––––––––––
If you want to support my channel, check out the following:
Get 2 FREE stocks (until 12/14/2020) when you signup for Webull and deposit $100:
➦ bit.ly/antiguruwebull
◉ Affiliate Links: ◉
My microphone: amzn.to/2FN5ixf
This mic activator (for better sound): amzn.to/2FCUli7
Vlogging camera: amzn.to/2Ha3ejN
My huge wall calendar: amzn.to/3hEiZvU
Check out my music on Spotify:
➦ spoti.fi/2WTkXSv
Put my music in your videos:
➦ geni.us/mangostreetmusic
My main channel on photography:
◉ youtube.com/mangostreet
