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What in the event you might reside in your home whereas another person paid the mortgage? That is the thought behind hacking homes.

Home hacking refers to dwelling in a home or multi-unit property whereas renting a portion of it. Devoted house hackers say this can be a nice solution to begin an actual property empire — one that may catapult you to financial freedom. However will it give you the results you want?

That is what we discover on this week’s podcast.

As normal, presenter Stacy Johnson will probably be joined by financial journalist Miranda Marquit. Producer Aaron Freeman listens and generally contributes. This week’s visitor is Robert Leonard, writer of The Every part Information to Home Hacking.

Keep in mind, whereas we generally speak about particular investments on our podcasts, do not take them as suggestions. Earlier than you put money into something or transfer any cash, do your analysis and make your individual choices.

You possibly can watch this episode beneath, or in the event you’d moderately pay attention you should utilize the participant on the high of this text or obtain the episode wherever you get your podcasts:

Remember to take a look at our podcast web page for extra episodes designed that will help you get essentially the most to your cash and our YouTube web page for extra movies.

What’s home hacking?

On this episode, we speak about house hacking and the completely different types it will possibly take. From shopping for a house and dwelling in it whilst you repair it, to purchasing a multi-unit property and dwelling in it whereas your tenants pay the mortgage, there are a selection of the way to get extra out of your main residence.

Different actual property hyperlinks:

What are you able to anticipate from actual property sooner or later?

Is now the fitting time to put money into actual property? Or ought to one wait? Earlier than you make that call, take a look at our sources for what it’s worthwhile to know.

And in the event you’re undecided about actual property, you can even flip to the inventory market. It is fairly shaky in the intervening time, however that does not imply you may’t take advantage of it. Watch our podcast episode on 5 Issues You Have to Know About This Horrible Inventory Market.

Meet this week’s visitor, Robert Leonard

Robert Leonard / Cash Talks Information

Robert Leonard is Vice President of Development at The Investor’s Podcast Community, Podcast Host of Actual Property 101 and Millennial Investing, Founder and Managing Associate of Piranha Capital, and Founding father of EverythingHouseHacking.com. He earned an MBA in Accounting and Finance and a BSBA in Finance and Economics and is a Licensed Administration Accountant (CMA).

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In regards to the hosts

Stacy Johnson based Cash Talks Information in 1991. He’s a Chartered Accountant and has additionally licensed stocks, commodities, capital choices, mutual funds, life insurance coverage, securities regulation and actual property.

Miranda Marquit, MBA, is a finance skilled, writer, and speaker. She has been concerned in private finance and funding points for nearly 20 years. When she is just not writing and podcasting, she enjoys travelling, studying and being in nature.