Live rent free or mortgage free with house hacking

Live rent free or mortgage free with house hacking


>>>WHETHER YOU’RE THINKING OF BUYING A HOME OR HAD ONE FOR YEARS, THERE’S A LOT OF UNEXPECTED EXPENSES THAT COME WITH HOME OWNERSHIP. THERE’S A TREND, LINDA LIBERTORE, THANK YOU FOR COMING ON.>>THANK YOU FOR HAVING ME. I APPRECIATE BEING HERE.>>WE’RE TALKING ABOUT SOMETHING THAT NOT A LOT THINK ABOUT. LET’S TALK ABOUT BASIC, WHAT DOES IT TAKE TO BE A HOMEOWNER?>>A LOT OF PEOPLE THINK OF WHAT IT TAKES TO QUALIFY FOR THE MORTGAGE, BUT ONCE YOU’RE IN THE HOME, THERE’S REAL ESTATE TAXES AND INSURANCE AND REPAIRS. AND GENERALLY UNEXPECTED REPAIRS. THE COSTS ESCALATES, YOU WANT A PLAN FOR ALL OF THOSE COSTS. REAL ESTATE TAXES DO NOT GO DOWN.>>ASIDE FROM THE COSTS PEOPLE DREAM OF BEING A HOMEOWNER, AND BEING A LANDLORD WHY DO YOU THINK PEOPLE WANT TO GO IN THAT TYPE OF BUSINESS?>>THE IDEA IS TO BUILD WEALTH. IT GETS YOU STARTED, THERE’S PEOPLE INVESTED IN STOCKS AND BONDS, AND REAL ESTATE IS A SOLID INVESTMENT. WHETHER THEY’RE THINKING OF STAYING THERE LONG TERM, THEY CAN GET STARTED AND BUILD WEALTH AND EQUITY. IN THE LONG PICTURE, THEY’LL END UP WITH MORE MONEY.>>THAT’S WHAT WE ALL WANT. WE HEARD OF COMPUTER HACKING, BUT SOMETHING CALLED HOUSE HACKING. WHAT IS THAT AND HOW TO HELP YOU MAKE MORE MONEY?>>IT’S A TRENDY WORD, IT MEANS TO GO IN WITH GETTING THE HOME WITH THE PLAN OF RENTING OUT. YOU CAN HAVE A BASEMENT APARTMENTS, DEPENDING ON WHAT AREA OF COUNTRY, IT’S A WAY TO GO IN WITH A PLAN FOR ADDITIONAL INCOME. YOU BECOME A LANDLORD AND GO OUT AND SEARCH FOR A ROOMMATE.>>YOU LIVE THERE, OR REPRESENT OUT THE OTHER — RENT OUT THE OTHER ROOMS, AND YOU MAY NOT LIVE THERE.>>IT HELPS TO MAKE IT AN AFFORDABLE OPTION. ONE THING THAT MILLENNIALS ARE UP AGAINST, THEY’RE PAYING HIGH REPRESENT. IT’S DIFFICULT TO SAVE FOR THE DOWNTOWN PAYMENT. IF THEY CAN — DOWN PAYMENT.>>THERE’S SO MANY PROGRAMS THAT CAN ASSIST YOU, AND THE SYSTEM WE’RE TALKING ABOUT THAT YOU HAVE AND THE BOOK YOU WROTE IS ONE OF THE THINGS TO ASSIST PEOPLE. HOW DO YOU KNOW IF IT’S A GOOD OPTION FOR YOU?>>YOU HAVE TO TAKE A LOOK, THERE’S WEBSITES NOW TO HELP YOU FIND A ROOMMATE. SCREEN, SCREEN, SCREEN. THAT’S AN OLD LANDLORD THOUGHT YOU HAVE TO HAVE THAT RIGHT. AND THERE ARE WEBSITES THAT HELP YOU WITH THE SCREENING, PARTICULARLY FOR ROOMMATES, THEY HAVE POPPED UP OVER THE PAST FIVE YEARS. THAT HELPS YOU TO DO A GOOD JOB OF MADE SURE, AND THEN YOU WANT A LOT OF POLICIES. HANDLE IT LIKE A BUSINESS AGREEMENT. IT’S NOT A FRIENDSHIP.>>GOOD POINT, PEOPLE FORGET THAT, BUT THIS IS REALLY AN IMPORTANT REMINDER FOR POEM WHO MAY NOT HAVE THOUGHT OF THE DIFFERENT THINGS. IT’S VERY IMPORTANT INFORMATION THEY CAN FIND IT IN THE BOOK AND ON THE WEBSITE. THANK YOU VERY MUCH FOR JOINING US TODAY.>>THANK YOU.>>TO LEARN MORE OF ANYTHING WE DISCUSSED CALL THIS NUMBER.

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