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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI215: The Everything Guide to House Hacking w/ Robert Leonard

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Business, Investing

4.6593 Ratings

🗓️ 1 September 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: 02:16 - Robert’s experience writing his very first book. 08:00 - What a house hack is. 12:37 - Why house hacking is such a powerful wealth building strategy. 24:54 - Who house hacking might be good for, and who might it not be good for. 27:20 - What Robert will look for in his next househack. 30:36 - Why building a team is critical when purchasing a house hack. 35:42 - How Robert thinks about finding quality tenants. 47:38 - How investors can go about finding their first house hack. 01:00:55 - What the biggest risks are with house hacking. And much, much more!  *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Robert's guide: What is house hacking? Check out Robert’s new book: The Everything Guide to House Hacking. Why house hacking might not be right for you Related Episode: Life as a Podcast Host, Investing in Fintech, & Buying Rental Properties w/ Robert Leonard - MI127.  Related Episode: Deep Dive Into My RV Rental w/ Robert Leonard - REI097. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert:  Twitter | Website | LinkedIn  Connect with Clay: Twitter  | Instagram HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!  Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

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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