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Investing in Real Estate with Clayton Morris | Investing for Beginners

712: The Ultimate Guide to House Hacking - Episode 712

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.11.1K Ratings

🗓️ 11 February 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

House hacking is an incredible way to get started in real estate investing. When you utilize this investing strategy, you can increase your net worth while building your real estate portfolio and covering your personal expenses.

On this episode of Investing in Real Estate, you're going to learn about the four major benefits of house hacking, and how to actually go about it. I'm also sharing some of the top mistakes to avoid when house hacking. If you're looking to ease into real estate investing, this episode is for you!

Transcript

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0:00.0

If you've ever wanted to get started in real estate investing, but you just didn't know how to do it,

0:09.4

well today's show is for you. We're going to teach you how house hacking is really the

0:13.8

ultimate way to get started with real estate investing. So consider this video

0:17.9

your ultimate guide to house hacking. Hey everyone I'm Clayton Morris

0:21.6

longtime real estate investor. I built multiple

0:24.1

seven-figure companies. My biggest company though is Morris Invest. We are a full

0:28.1

service real estate company, so we've done thousands of deals and we build

0:32.0

new construction properties, place tenants in those properties for our clients.

0:36.0

So I know a thing or two about real estate investing.

0:39.0

I know a thing or two about house hacking, because many, many of my friends in the real estate investing

0:44.3

business started out by house hacking. It's a great way to break into this field.

0:50.3

So what is house hacking? Well its core, house hacking enables you to buy a piece of real estate, live in one portion of that real estate, and rent

1:01.1

out the other portion of that real estate covering your mortgage payment.

1:05.8

So imagine buying a duplex.

1:07.8

You live in one side of that duplex, someone else lives in the other side that you rent to, they pay you rent, but that covers your mortgage.

1:15.9

You get to essentially live for free in a property.

1:20.3

It's a killer strategy, and it's a great way for you to build up your net worth.

1:24.7

Grow your retirement, create passive income, built by a performing asset,

1:30.4

start to remove liabilities from your life, and really set you on a path. that's

1:35.0

that start to remove liabilities from your life

1:33.0

and really set you on a path to success in real estate investing.

1:37.0

So that's the basics of what house hacking is.

...

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