Episode #448
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Real Estate Rookie – Episode 447: Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” w/ Christian & Shannon Nossum:
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House hacking might be the easiest way to get into real estate. This beginner-friendly investing strategy involves little risk, works with several types of properties, and can cover your entire mortgage. But don’t just take our word for it—today’s guest host was able to build and scale his real estate portfolio using this strategy!
Welcome back to another Rookie Reply! In today’s episode, Ashley and Noah Bacon are zeroing in on house hacking questions from the BiggerPockets forums. First, can you create $1,000, $2,000, $3,000, or more in cash flow just by house hacking? How long would this take and how many doors would you need? The answer might surprise you! We also discuss LLCs, whether you need one, and what you should know before transferring a property from your personal name. Finally, you’ll learn which properties make the BEST house hacks and what to do when you can’t find the right deal!
00:00 Intro
02:54 Scaling with House Hacks
10:06 Do You NEED an LLC?
18:49 Transferring Property to an LLC
22:23 BEST Properties for House Hacking
30:30 Connect with Noah!
