Is House Hacking the Best Real Estate Investment Strategy?

Is House Hacking the Best Real Estate Investment Strategy?

On this episode of the Investor Financing Podcast, Beau interviews Mike Newton, also known as “Millennial Mike” as they talk about how house hacking may be the best real estate investment strategy for starting and going into real estate.

Timestamps
[01:10] Beau introduces Mike Newton on the show and talks about his credentials
[01:24] Mike shares how he got into real estate investing
[02:26] Beau looks back on wanting to be a law enforcement officer
[05:50] How did Mike start with house hacking
[06:16] The best financial decision of Mike was getting involved with house hacking
[08:00] A payment that’s cheaper than tesla
[08:30] Investing money in America’s most miserable city
[09:37] Mike’s very first deal
[11:40] W2 job makes it easier to get conventional financing
[12:02] Get your house hack done
[12:37] The key is finding a lower-cost market
[13:05] Gary, Indiana is a straight cash flow play
[15:00] The importance of having a property manager
[16:38] What are the advisable strategies going forward for house hacking?
[18:41] How did Mike connect with Michael Zuber?
[19:35] “Strangers have all the keys to the castles that you want to be in.”
[20:40] What will 2023 is going to look for?
[20:52] It’s important to network with people who are doing better than you
[21:10] What are Mike Newton’s goals
[24:43] What’s the next house hack strategy Mike is going to do?
[29:22] Things to do to keep you more motivated on a daily basis
[31:01] TTP “Talk to People”
[33:30] How to get on the SWAT team
[34:37] One skill that Mike has taken from law enforcement that helps him in real estate?
[38:21] Beau’s advice to Mike that he can take away
[39:01] Grow with a business partner and get your goals faster
[43:40] Don’t be afraid to talk to people and offer a deal
[44:28] Follow “Millennial Mike” on all of Mike’s social media platforms

If you'd like to ask me a question about real estate, do it here -- https://investorfinancingpodcast.com/ask

Watch these related #househacking videos:
https://youtu.be/whsN9USSZ14
https://youtu.be/R4tTT_12qCQ

Are you a real estate investor or business owner looking to expand? Book a discovery call with Beau to learn all the ways he can help you - https://investorfinancingpodcast.com/rumble

💥 Thanks for watching 💥
#Househacking #realestateinvesting

About Beau: Beau Eckstein is a real estate entrepreneur, TV personality, and commercial mortgage advisor, specializing in construction financing and multi-family lending.

🎥 The video interviews we do on IFP will help you scale your real estate business and learn how to finance your all your projects.

About the Channel: Want to structure your investments in the right and secure way?

Learn great insights and make the right decisions through the Investor Financing Podcast hosted by Beau Eckstein.