Rookie Reply: House Hacking 101! Which Property to Buy & How to Scale Fast

Real Estate Rookie

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 monthly 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!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

The BEST properties for house hacking (and what to do when you can’t find one!)

Creative ways to maximize your cash flow on any house hack

How to scale your real estate portfolio FAST with serial house hacking

Umbrella policies versus LLCs (and which one you need for your property)

What you MUST know before transferring a property from your name to an LLC

How to find tenants when renting by the room (and how to protect your privacy)

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

Join BiggerPockets for FREE

Check Out Noah’s “How I Started” Series

Buy the Book “The House Hacking Strategy”

Find Investor-Friendly Lenders

See Ashley and Noah at BPCON2024 in Cancun!

Real Estate Rookie - Episode 447: Making $300K+ Profit Per Rental and Scaling FAST with “DADUs” w/ Christian & Shannon Nossum

Connect with Noah

Connect with Ashley

(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!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-448

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