#3 The Perfect House Hack w/ Andrew Thomas |
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Today on the Chasing Cashflow Podcast we interview Andrew Thomas! Andrew is a young real estate investor based out of Maryland. Him and his wife started in real estate by securing a 3 unit apartment complex, living in one unit and renting out the other 2. This is otherwise known as house hacking.
While living in their triplex, they fixed up the units one at a time and brought the rents up to market rent. This created sweat equity, later allowing them to pull out a home equity line of credit (HELOC) and do a cash out refinance! With the HELOC and cash out refinance, they purchased a short term rental and a single family home. So with just an initial investment of $25,000, they were able to get a cash flowing triplex, a cash flowing short term rental, and a single family home. Andrew's Instagram- @andrew_t11 In this episode we cover: House hacking, BRRRR strategy, Buy and hold rentals, short term rentals, Zillow, realtor.com, How to run a business as a couple, Zillow , MLS, real estate agent, appraisals, financing, hard money, scaling your business, fix and flip, cashflow, passive income, financial independence, AND SO MUCH MORE! **SUBSCRIBE AND LISTEN TO THE CHASING CASHFLOW PODCAST** Apple Podcast- https://podcasts.apple.com/us/podcast/chasing-cashflow-podcast/id1602129272 Spotify- https://open.spotify.com/show/63NOQTMvZBdYpkzW4EVEfM **TOP 10 FAVORITE REAL ESTATE INVESTING BOOKS** The Book on Rental Property Investing - https://amzn.to/3trzi8Q Buy, Rehab, Rent, Refinance, Repeat - https://amzn.to/3ntUVSh How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started - https://amzn.to/3nqWn7Z The Book on Investing In Real Estate with No (and Low) Money Down - https://amzn.to/3fmCqus Best Ever Apartment Syndication Book - https://amzn.to/3FsB0t8 The House Hacking Strategy - https://amzn.to/3rjrB1R Landlording on AutoPilot - https://amzn.to/3A2PcIe The Millionaire Real Estate Investor - https://amzn.to/3qqmUnJ How To WIN In Rental Real Estate AFTER The Deal - https://amzn.to/3tyf3Xj Long-Distance Real Estate Investing - https://amzn.to/3rhuP5W **CONNECT WITH THE CHASING CASHFLOW PODCAST** Sign up to our email list for updates, giveaways, and more- http://eepurl.com/hQY6lv Email- thechasingcashflowpodcast@gmail.com Instagram- https://www.instagram.com/chasingcashflowpodcast/ **PODCASTING SETUP** Blue Yeti Mic - https://amzn.to/3FAqNLi 1080p Webcam - https://amzn.to/3GuurYh Disclaimer: The host, Evan Phoenix, of the Chasing Cashflow Podcast is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. |