Author : Chris Manning
Release : 2020-01-08
Genre :
Kind : eBook
Book Rating : 262/5 ( reviews)
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Book Synopsis House Hacking Guide by : Chris Manning
Download or read book House Hacking Guide written by Chris Manning. This book was released on 2020-01-08. Available in PDF, EPUB and Kindle. Book excerpt: How to Get Your First Rentable Property (and Home) to Achieve Financial Independence Even If You Think Your Savings, Income, or Credit History Aren't Enough It's hard to pinpoint the exact moment you got so determined to become financially independent. Maybe it was a few months ago when you really studied your credit card statement. Some of the things you bought were shocking. Even more shocking was the interest you were continuing paying on these purchases. Or it could have been the notification you got from your landlord last month that they were going to be increasing rent in the new year. And this, prompting you to check your bank account, left you wondering why your savings were going down, despite having a job that pays well. Then a few weeks ago at a party, you met a friend of a friend who's already on his third home. Surprisingly nice, he sat down with you and sketched out the financials, showing you how he managed to get each of his properties above break even. It's amazing how quickly the numbers can add up if you do it right. You're hooked, you want in. And then reality hits... You don't have much of a credit history. What's more, you were late with a couple of payments. And you're not sure what sort of down payment you can swing. The answer may lie in House Hacking. House Hacking is a real estate investment strategy, where you live in your investment property while also renting it out to others. This rent helps cover your costs while freeing up your cash for your life, saving, and other investments. More importantly, House Hacking can also help you qualify for a loan of a greater amount. The key is to go through the steps and do the math to see if this is for you. House Hacking Guide provides all the information you need to make that assessment and set up your House Hacking program for financial independence. Here's a select sample of what you'll discover in House Hacking Guide The loan with the lowest required credit score most people qualify for The property that rents like an apartment complex but can still be financed as a single-family home 3 critical items to include in your "Offer to Purchase" that will protect you from getting locked into a bad deal Best places to look for unbeatable properties How you should be using your real estate agent to get your money's worth The full process, detailed step-by-step, so you don't overlook anything critical to your success Making sure you end up with the best tenants rather than a daily headache And much more. Some people are resistant to looking seriously at House Hacking because buying your own real estate property can be daunting. And this is doubly so when you're not sure of the process and would also be renting out a portion of the property. In a sense, one concern takes care of the other. By renting out rooms or units in the property, you significantly reduce your risk and increase your attractiveness to mortgage lenders. Yes, there are a number of tasks to be completed, but with an effective guide, it's a straightforward and rewarding affair. If you want to start realizing financial independence with your own rentable real estate property, scroll up and click the "Add to Cart" button.>/h2>
