188 - House Hacking May Be Your Tool to Affordability
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 29 May 2023
⏱️ 34 minutes
🧾️ Download transcript
Summary
With prices going up, house hacking is becoming more popular to keep prices manageable. Today there are tons of options such as rentals, AirBnBs/Vrbos, getting roommates, ways to hack your own house, and lately, some new opportunities are coming up for single moms. HOWEVER, each of these options have their own pros and cons and David is going to separate the good hacks from the bad hacks.
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | So about 10 years ago, house hacking suddenly became the new way to describe what, you know, |
| 0:09.0 | us older Gen Xers called just real estate investing. With prices going up again, are you in a |
| 0:15.6 | position to house hack for yourself? Something's got to give to make this affordable, right? |
| 0:20.7 | Well, there are lots of options, |
| 0:22.8 | including a really new cool one for single moms. You got to hear about this one. Play that music. What is up my how to buy a homies? |
| 0:48.5 | How are my homies doing today? |
| 0:50.0 | David Sidoni here with yet another edition of the How to Buy Home podcast and |
| 0:54.0 | homies. |
| 0:55.1 | Today's topic of house hacking is one I get asked about all the time. |
| 1:00.2 | Today we're going to discuss several of the different options that you could use to house hack. |
| 1:05.4 | All right, we're going to talk about all these different hacks. |
| 1:08.5 | Buying a rental first, Airbnb options, individual house hacking with your own budget. |
| 1:15.3 | We're going to talk about roommates and house hacking with them. |
| 1:19.4 | And finally, there's this dope new single mom house hack that I read a recent article in New York Times. |
| 1:25.4 | You guys got to hear this. |
| 1:27.1 | Jump right into it. |
| 1:28.0 | The first hack we're going to tackle is buying a rental first. |
| 1:32.5 | I hear this all the time. |
| 1:34.7 | Most of the time, people say that they want to buy a rental first because they can't afford |
| 1:37.7 | their mortgage in the area they're living. |
| 1:39.9 | Many of you are very industrious researchers, and I'm stoked to have you here. |
| 1:45.5 | And you've either listened to some of the other thousands of different podcasts out there |
... |
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