House Hacking and Transitioning Primary Residence Offer Entry into Real Estate

“Well, house hacking, that's another way for first time investors to that also get into the landlording game. And so whether that's buying a single family house where maybe you're just running out, you know, just a portion of it, like a room where you've got roommates, or even a duplex or a quad, but buying something that you can live in that also generates income. That makes a ton of sense for lots of folks.”

“And it's actually the way that I first got into investment real estate is by transitioning your primary residence into an investment property. And basically, if you've got a locked in low mortgage rate in a neighborhood that has good long term prospects, and if the numbers on that home that you own actually makes if that's the case for you, then it might be a good idea for you to save up enough so that you don't have to sell the current place you're living in when you buy your next place.”

“Think of what you could do if you were living for free, think of how much you could save and invest and start banking towards like future projects Like it's it's pretty impressive. And again it's like amazing how much cartoons have changed on real estate investing. When the price is right, you know, we think it can make a lot of sense for folks who have the real estate investing bug to take the plunge. And even just two and a half or three years ago, I think it was possible to find deals that made sense. In Atlanta, where we live although even then it was getting harder, and today it's just gotten incredibly difficult to make the numbers work unless you're willing to take those more intense approaches like house hacking.”