REI 101 WEEK 1: House Hacking скачать в хорошем качестве

REI 101 WEEK 1: House Hacking

What is house hacking? Welcome to our 12 week real estate investor series. Today we are discussing an introductory way into real estate and investing. This video introduces "house hacking" as an entry point into real estate investing, emphasizing it's not always about aggressive market entry but rather making supplemental income from your current living situation (0:52-0:59). Key topics covered include: • What is House Hacking? It's a strategy to make supplemental income or offset expenses by renting out parts of your primary residence, such as rooms, ADUs, or even units in a multi-family property (duplex, triplex, fourplex) (0:52-1:06, 2:35-2:41, 4:01-4:30). • Who is the Ideal House Hacking Buyer? Anyone looking to start real estate investing, particularly younger generations or first-time home buyers struggling with affordability, as it's an introduction to active investing and wealth creation (1:49-3:03, 6:49-7:22). • Financing Options for House Hacking: The video discusses various mortgage programs like conventional, FHA, and VA loans. A significant change highlighted is Fannie Mae and Freddie Mac allowing buyers to purchase up to a four-unit property with as little as 5% down, which is seen as a huge game-changer for wealth accumulation (3:32-5:05). • Using Rental Income for Qualification: In certain scenarios, especially for multi-unit properties or with DSCR (Debt Service Coverage Ratio) loans, rental income can be used to qualify for the purchase of a home. DSCR loans, however, typically require a higher down payment (at least 20%) (8:28-9:58). • Important Considerations: The speakers stress the importance of doing due diligence, talking to professionals before making investments due to inherent market risks, and taking the step to schedule a consultation to start the journey of building long-term wealth (5:34-6:39, 10:11-10:30). They also mention that managing tenants and properties is part of the learning process (7:26-7:37). For more information or to schedule your complementary consultation. Please visit our website or click the link in bio. Thank you for tuning in. See you soon! Jessica Bojorquez Arizona Commercial & Luxury Real Estate https://shesoldaz.com ‪@SheSoldAZ‬