71 episodes

Welcome to the House Hacking Success podcast where you'll learn the path to free rent and financial freedom through real estate.

House Hacking Success Brad Labrie, Drew Klingler

    • Business
    • 4.9 • 151 Ratings

Welcome to the House Hacking Success podcast where you'll learn the path to free rent and financial freedom through real estate.

    71. The New 5% Down Loan for Multi-Family, Acquiring a 10-unit Property, and Dealing with Inherited Tenants

    71. The New 5% Down Loan for Multi-Family, Acquiring a 10-unit Property, and Dealing with Inherited Tenants

    Join us as we share the exhilarating journey of acquiring our recent 10-unit property. We reveal how our steadfast reputation played a pivotal role in securing this deal, and also discuss the enticing benefits of house hacking. By offering insights into the low entry barrier and low risk, particularly with the new Fannie Mae loan that requires only a 5% down on multifamily properties, we hope to inspire your own real estate ventures.

    House hacking is not just a strategy; it's a lifestyle that requires a specific mindset and skill set. With the ever-changing real estate market, understanding when and how to apply this unique approach is key. We delve deeper into this, discussing how to evaluate properties effectively—especially when inheriting tenants. From cash flow calculations to long-term investment considerations, we equip you with the tools and knowledge to make informed decisions. 

    Inheriting tenants can be a mixed blessing. This episode explores how to tackle the complex challenges that come with this territory. We share our experiences in dealing with deferred maintenance issues, setting new expectations with tenants, and handling the legal implications of month-to-month leases. Striking a balance between maintaining a property and providing quality housing can be a juggling act, but we're here to guide you through it. Remember, house hacking is an adventure, and every adventure is filled with lessons and triumphs. 


    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 26 min
    70. House Hacking Tax Secrets and Investment Wisdom with Cody Goldsworthy

    70. House Hacking Tax Secrets and Investment Wisdom with Cody Goldsworthy

    Ever wanted to know how taxes work with house hacking? Well, you're in luck, as we've got the successful real estate investor and CPA, Cody Goldsworthy, with us, ready to spill all the beans! From his humble beginnings with a summer job to becoming a seasoned pro in the world of accounting, Cody's story is one you don't want to miss.

    With anecdotes of his first house hack, his initial hesitations, and bold decisions - Cody paints a vivid picture of the trials and triumphs of breaking into the market. His smart strategies like renovating a house hack to increase value and equity highlight how he navigated his way. The bountiful long-term benefits of his choices are apparent as he shares how he was able to build and grow his portfolio quickly. 

    And what's real estate success without a savvy tax strategy? Cody dives into the complex world of tax benefits, opening up about passive loss allowance, de minimis safe harbor election, and more that have helped him supercharge his profits. He also sheds light on the power of just getting started, illustrating the potential of long-term wealth building through house hacking, and the importance of understanding your investment profile. So buckle up and get ready to hit the road to real estate success with Cody!

    Topics covered in this episode:
    Renovating a house hack to increase value and equityTaking passive losses on your real estate using passive loss allowance. Taking real estate "losses" on taxes and use it to offset your W2 income by increasing your tax returnHow do real estate taxes work in a house hackHow to find the right CPA for youLong term real estate strategies - bonus depreciation and cost segregation studyThe 2 year ruleBorrowing against your existing equity in the properties you own to do more deals with tax free moneyHow to get started in real estate and take actionContact Cody and make him your CPA:
    Website: knitfinancial.comInstagram: @cody.goldsworthy

    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 50 min
    69. How to Get Tax Free Money When Even the Banks Won’t Loan to You! with Mike Raths

    69. How to Get Tax Free Money When Even the Banks Won’t Loan to You! with Mike Raths

    In this episode we brought on Mike Raths (@TaxFreeMike) to talk about cash value insurance and other topics such as:
    Being able to get a loan against your policy even when lenders are loaning moneyUsing your policy to buy real estate so you can have more propertiesWhy we are experiencing a recession and how you can prepareUnderstanding why Dave Ramsey doesn't support this policy (it's not what you think)Instagram: @taxfreemike
    TikTok: @taxfreemike

    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. 


    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 52 min
    68. Buying a Second House Hack! with Brandon Chidester

    68. Buying a Second House Hack! with Brandon Chidester

    Welcome back to Brandon Chidester! He just bought his second house hack and gives us all the details in this episode. Topics cover: 


    Buying a second house hackQualifying for a second mortgageHow to manage a single family house hackHow to turn your first house hack into a cash flowing rental propertyAnd more!!Instagram: chidthekid
    LinkedIn: Brandon Chidester


    Visit our website to learn more about house hacking at househackingsuccess.com


    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor. 




    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 56 min
    67. Drinking the Real Estate Kool-Aid with Chad Carson

    67. Drinking the Real Estate Kool-Aid with Chad Carson

    In this episode Chad Carson and Bradley Labrie talk about being all in on real estate and really loving it. Topics covered in this episode:
    The current state of the economyFinding a great real estate agentAnalyzing markets and propertiesLooking at real estate investing long term
    Instagram: CoachCarson1
    Visit our website to learn more about house hack at househackingsuccess.com
    Follow us on Instagram: @househackingsuccess


    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 1 hr 9 min
    The Advantages of Using a Real Estate Agent Who Invests (Podcast 67 Clip)

    The Advantages of Using a Real Estate Agent Who Invests (Podcast 67 Clip)

    This clip is from Podcast 67 coming out next Thursday! It's about finding a real estate agent who invests because of the advantages it will bring you in your house hacking and investing journey. Real estate agents that invest in the area see things differently than an agent that doesn't invest. They can guide you better than anyone else can in your area.

    Contact: info@househackingsuccess.com

    Podcast 67 Details:
    Drinking the Real Estate Kool-Aid
    March 24th, 2022

    In this episode Chad Carson and Bradley Labrie talk about being all in on real estate and really loving it. Topics covered in this episode:
    The current state of the economyFinding a great real estate agentAnalyzing markets and propertiesLooking at real estate investing long term

    Visit our website to learn more about house hacking at househackingsuccess.com
    Subscribe on YouTube

    House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

    • 5 min

Customer Reviews

4.9 out of 5
151 Ratings

151 Ratings

jesserayc ,

Top Real Estate Podcast!

One of my favorite real estate podcasts! This podcast has helped me make the jump from the sidelines to buying my first house hack! The Andres Bustatx episode was probably my favorite!

Pavan Sandhu ,

Love this podcast

Great insight.

clout_boi23 ,

Million dollar knowledge for free!

My top 3 real estate based podcast! 10/10

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