MI215: The Everything Guide to House Hacking w/ Robert Leonard
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 593 Ratings
🗓️ 1 September 2022
⏱️ 65 minutes
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Summary
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| 0:00.0 | You're listening to TIP. |
| 0:02.8 | Whereas this, you're buying an investment property. |
| 0:05.9 | You buy this and then you live there for a period of time, usually a year, maybe a little |
| 0:10.5 | bit longer, and then you can move out and rent it out to somebody else. |
| 0:13.6 | And now you have a rental property that typically you'd have to put 20, 25, maybe even 30% |
| 0:19.0 | down on. |
| 0:20.0 | But now because you house hacked and live there for one year, you can just put 3.5% even 30% down on. But now because you househacked and lived there for one year, |
| 0:22.3 | you can just put three and a half or five percent down and then move out when you're done. |
| 0:29.8 | On today's episode, I bring my co-host Robert Leonard back on to the millennial investing |
| 0:34.3 | podcast to discuss his new book, The Everything Guide to House Hacking. |
| 0:38.7 | Robert is the VP of Growth and Innovation at the Investors Podcast Network, as well as the co-host |
| 0:44.3 | of the millennial investing podcast and the host of the Real Estate 101 podcast. |
| 0:49.1 | He's also the founder and managing partner of the real estate investment firm, Piranha Capital. |
| 0:55.4 | During this episode, |
| 1:01.8 | Robert and I cover his experience writing his very first book, what a house hack is, why house hacking is such a powerful wealth building strategy, who house hacking might be good for and who it might |
| 1:07.0 | not be good for, why building a team is critical when purchasing a house hack, |
| 1:11.9 | how Robert thinks about finding quality tenants, the biggest risks in house hacking, and a whole |
| 1:17.1 | lot more. Once I really understood why house hacking can provide such good returns for investors, |
| 1:22.8 | I couldn't help but learn more about it. I got early access to Robert's new book, and it covers really |
| 1:28.5 | everything you need to know to get started. Robert has done a number of house hacking deals himself, |
| 1:33.4 | so he is a fantastic resource to learn from. And it was really a pleasure having him on the show |
| 1:38.2 | to chat about house hacking. With that, I really hope you enjoy today's conversation with Robert |
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