"I realized I was just working my butt off, week after week — 60, 70, 80 hour weeks," he said on the "" podcast. "And then I said: 'Why reinvent the wheel? Real-estate has worked for millions of people over the years. Why not just invest in real-estate?'"
Curelop started consuming all the real-estate information he could handle — and after he read Brandon Turner's ""That kind of opened my world," he said. "Anyone can do this, you just need like $10,000, $15,000 and you got it."" led Curelop to financial independence. "House hacking is the idea that you buy a one- to four-unit property, with typically a 3% to 5% down loan. Because you're putting such a low amount down, you're required to live there for one year," he said. "And then while you're living there, you rent out the other rooms or the other units — and rent from those other rooms and units covers your mortgage."
Curelop says that the benefits from this strategy are widespread. A house-hacker gets to live for free, build equity in a house, and acquire "tons of wealth" over time due to increased savings and decreased living expenses. He says "it's hard not to get rich" by employing this strategy — and is currently on his third house-hack., Curelop shared the figures surrounding his latest hack, a single-family house with six bedrooms and three bathrooms.
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Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »