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Robert Leonard - The Everything Guide to House Hacking: Your Step-by-Step Guide to: Financing a House Hack Finding Ideal Properties and Tenants Maximizing the Profitability of Your Property Navigating the Real Estate

Here you can read online Robert Leonard - The Everything Guide to House Hacking: Your Step-by-Step Guide to: Financing a House Hack Finding Ideal Properties and Tenants Maximizing the Profitability of Your Property Navigating the Real Estate full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. year: 2022, publisher: Adams Media, genre: Children. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

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Robert Leonard The Everything Guide to House Hacking: Your Step-by-Step Guide to: Financing a House Hack Finding Ideal Properties and Tenants Maximizing the Profitability of Your Property Navigating the Real Estate
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Discover the path to financial freedom with this step-by-step guide to house hackingthe simple real estate investment strategy that lets you live for free and earn income.
For most people, rent or a mortgage takes up the largest chunk of their income. But with house hacking, that piece can come down to virtually zeroand its easier than youd think!
In its simplest form, house hacking is the real estate investment strategy where you buy a multifamily house and rent it out to cover your costs and live for free. But this can come in all shapes and sizes, whether it be inviting in roommates, owning multiple properties, live-in flips, vacation rentals, or even participating in Airbnb.
In The Everything Guide to House Hacking, you will learn:
-The pros and cons of house hacking
-The minimum you need to get started
-What a smart investment looks like
-Whether renovating is worth it
-How to be a responsible landlord
-How to find responsible tenants
-And more!
Discover everything you want to know about homeownership and how you can build wealth from your investment properties. The path to financial freedom starts here.

Robert Leonard: author's other books


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Live for free earn passive income and build wealth with your own home Get - photo 1

Live for free, earn passive income, and build wealth with your own home

Get started on your path to financial freedom!

The Everything Guide to House Hacking

Your Step-by-Step Guide to:

Financing a House Hack

Finding Ideal Properties and Tenants

Maximizing the Profitability of Your Property

Navigating the Real Estate Market

Avoiding Unnecessary Risk

Robert Leonard

DEAR READER Its common to learn a concept or two from some of the books you - photo 2

DEAR READER,

Its common to learn a concept or two from some of the books you read that you can apply to your life, but those concepts rarely move the needle. My goal with this book is much bigger than thatits to change your life. I know, thats a big goal, but house hacking is that powerful. Ive experienced it myself and Im confident that you can, and will, do the same.

Life-changing doesnt mean that itll make you a millionaire overnight. It takes hard work and sacrifice. Whether its financial freedom, riches, or something in between, if youre willing to put in the work necessary to learn and implement the strategy of house hacking, you can set yourself up for the life youve always wanted. The keyword there is implement. Just learning the material in this book wont do anything for you. You have to actually take what you learned and apply it to your life. Ive learned it myselfdont get stuck in the Infinite Learning Loop. Take action.

And finally, I know personal finance is typically a taboo subject that is avoided in most conversations. Ive often found myself wanting to help and teach others about house hacking, but felt it wasnt really appropriate for me to do so. Now, I simply gift them this book and allow them to do as they wish with it. If you find yourself in a similar situation, consider doing the same. It might just change someones life.

Get to work,

Robert Leonard

@therobertleonard

WELCOME TO THE EVERYTHING SERIES!

These handy, accessible books give you all you need to tackle a difficult project, gain a new hobby, comprehend a fascinating topic, prepare for an exam, or even brush up on something you learned back in school but have since forgotten.

You can choose to read an Everything book from cover to cover or just pick out the information you want from our four useful boxes: Questions, Facts, Alerts, and Essentials. We give you everything you need to know on the subject, but throw in a lot of fun stuff along the way too.

QUESTION

Answers to common questions.

FACT

Important snippets of information.

ALERT

Urgent warnings.

ESSENTIAL

Quick handy tips.

We now have more than 600 Everything books in print, spanning such wide-ranging categories as cooking, health, parenting, personal finance, wedding planning, word puzzles, and so much more. When youre done reading them all, you can finally say you know Everything!

PUBLISHER Karen Cooper

MANAGING EDITOR Lisa Laing

COPY CHIEF Casey Ebert

PRODUCTION EDITOR Jo-Anne Duhamel

ACQUISITIONS EDITOR Rachel Thatcher

DEVELOPMENT EDITOR Brett Palana-Shanahan

EVERYTHING SERIES COVER DESIGNER Erin Alexander

To Brayden, you give me motivation and reason to chase my dreams.

To Dad, you taught me it was possible, and made it so.

To Meme, your love, support, and unwavering faith are invaluable.

Any good I do or am is because of you three. Thank you.

INTRODUCTION
  • Are you looking to grow your wealth?
  • Do you want to reduce your housing costs and even live for free?
  • Are you hoping to build your financial future with little money down?

Then house hacking may be what youve been looking for! House hacking is a real estate investing strategy where you use a residential property to earn income. It is a simple plan for building your wealth that takes very little money up front and allows you to reap the rewards of financial freedom. And the best part is, anyone can do it!

House hacking is often accomplished by purchasing a property, living in a portion of it, and renting out the remaining area with the goal of reducing your living expenses or potentially even profiting. But house hacking is not limited to that one model; you can also accomplish it through situations such as live-in flips, finding roommates for your current home, owning multiple properties, vacation rentals, and even participating in the sharing economy with Airbnb.

Not only will house hacking significantly improve your financial position by reducing what is probably your largest expense (your home); it is also a way to get started in real estate investing without a lot of money. That being said, house hacking is not fancy or flashy, and it wont make you wealthy overnight. However, house hacking can: Increase your investing returns, shorten your time to financial freedom, teach you to become a landlord with training wheels on, provide you with multiple tax benefits, and much, much more!

With The EverythingGuide to House Hacking, youll learn:

  • Why house hacking is a smart wealth-building strategy
  • How house hacking can work with almost anyones situation
  • How to analyze, find, acquire, and/or manage a house hack
  • Who is needed on your real estate team and how to build it
  • The right steps to buying and financing your property
  • How to find and professionally manage tenants

Most importantly, house hacking will open you up to an entirely new world of possibilities! Even if youve never purchased or invested in real estate, this book can help you understand and manage properties in a way that will forever change your financial position. House hacking lets you build the future youve always dreamed of!

CHAPTER 1 House Hacking 101

If you build a house on a weak foundation, it is unlikely to stand the test of time. Whether that foundation is weak because not enough time was spent on understanding how to build it correctly, construction was rushed, or the wrong materials were used, the outcome is the same. The same can be said about investing. If you dont take the time to understand the strategies thoroughly, rush the process, or learn from the wrong sources of information, you are likely to have bad results. In this chapter, youll build a strong foundation by learning about what house hacking is, who it is and isnt good for, what you need to know about your personal finances to get started, and how to set goals and expectations for house hacking.

What Is House Hacking?

House hacking is a strategy whereby you use a residential property as an investment. When house hacking, you are making the property an asset for yourself, rather than a liability, which is the traditional situation for most homeowners. The most common way to house hack is to purchase a property with four units or fewer, live in a portion of it, and rent out the remaining area, with the goal of reducing your personal living expenses or potentially even profiting. House hacking can also involve finding roommates for your current home or renting all or part of your home on a short-term basis with a service like Airbnb. The main goal of house hacking is to cover some or all of your mortgage through other renters and not completely from your own pocket.

Is a Home Your Greatest Asset?
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