Most young people should start off house hacking instead of long-distance real estate investing.
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@BryceWGarcia
I know too many people looking for their first property in Florida, despite never having visited there...
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@monty2997
House hacking isn’t going to make as much cash flow but it’s a low risk way to get the reps in
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@Alejand81174064
Find a market you want to live, talk to a few lenders to see what you can get approved for, and find a real estate agent that can help. I found my agent who did 4 house hacks so he knew how to do it.
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@BryceWGarcia
I'm in the "do whatever you can to buy" camp, but yes, agree with you on premise.
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@BryceWGarcia
I bought my first property and rented out the basement. It covered my mortgage, and I lived for free. House hacking is an awesome way to eliminate your biggest expense.
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@BryceWGarcia
How can I grab an asset people need to start a family and make them pay me to use it? That is a golden way to make a living and adds so much to an economy.
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@BryceWGarcia
@ShlomoChopp
People should have hands on experience in any business before jumping to “outsource outsource outsource”.
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@BryceWGarcia
False. Buy a starter home as soon as you can then upgrade later in life! Renting is a colossal waste of money. Plus, who actually enjoys apartments?
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@BryceWGarcia
I agree. Buy a property with 3-5% down, live in it for 1 year minimum, then move out.
Now you have a Rental property with a lower rate and less out of pocket cost to acquire it.
Doesn’t need to be multi-unit either.
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