House Hacking Explained Simply - Good Idea in 2024?

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  • Опубліковано 6 лип 2024
  • House hacking is when you buy a multi-family property as an owner-occupant where you intend to live in one unit and rent the others in order to reduce your living expenses.
    In this video, I go over the very popular real estate investing technique of House Hacking. I will cover what house hacking is, The pros and the cons of house hacking, Why you should house hack in 2024, as well as how to use a HELOC on your house hack in order to build wealth in real estate.
    Use HELOC for a Down Payment on an Investment Property - Good Idea? - • Use HELOC for a Down P...
    • 4 Ways to Use Your HEL...
    Watch My Previous HELOC Videos HERE: • HELOC
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КОМЕНТАРІ • 15

  • @lordtark6736
    @lordtark6736 5 місяців тому +2

    Gold ! Thank you. You deserve a lot more subs

    • @JayCosta
      @JayCosta  5 місяців тому

      We are getting there! Thanks for tuning in!

  • @motley06
    @motley06 2 місяці тому +1

    It’s getting VERY hard to find chashflowing assets right now. Unless you’re putting a lot down or buying something that needs a good amount of work done to it, good luck. It’s possible, but harder in the current market

    • @JayCosta
      @JayCosta  2 місяці тому

      about to answer you on live stream. Check in here: ua-cam.com/users/live7RIx28aclZ0?feature=share

  • @AnthonyBove
    @AnthonyBove 7 місяців тому +2

    Let’s do it

  • @michaelmcwhirter
    @michaelmcwhirter 4 місяці тому +2

    Hey man thanks for all the insights on this. I'm in the New Jersey area and I have the VA loan at my disposal. Do you have any tips or any tricks for anything around here? I'm looking at getting a duplex and house hacking.

    • @JayCosta
      @JayCosta  4 місяці тому

      Hi Michael, send me an email at jay@searchbergen.com and I can help you privately. Thanks for tuning in.

  • @onlyonek3230
    @onlyonek3230 6 місяців тому +3

    planning on getting started this yr. any book recommendations to prep?

    • @JayCosta
      @JayCosta  5 місяців тому +1

      Rich Dad Poor Dad is always good. What are you looking to get started with?

  • @MelonHead894
    @MelonHead894 Місяць тому +2

    FHA 3.5%-5% down good option for house hacking? Planning on waiting until 2025-26

    • @JayCosta
      @JayCosta  Місяць тому

      One of the best ways to start real estate investing! Thanks for watching!

  • @AsikHem
    @AsikHem 7 місяців тому +2

    Your channel and video content are very good. Also, the thumbnail design is very attractive.
    But here are some problems:
    1. SEO score is very low
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    As a result views, likes and subscribers are not increasing.
    Benefits of 100% SEO Score:
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    So, if you want your channel to increase subscribers, views, likes and comments with proper video SEO, Google ads and monetization. It will be your right decision.
    Do you want to increase your SEO score?
    I am waiting for your response.
    Thank you.

  • @forza10milan97
    @forza10milan97 6 місяців тому +1

    Are there any states you recommend to find fourplex or multi family properties.

    • @JayCosta
      @JayCosta  6 місяців тому +4

      Every state has multi family properties! I suggest staying local, myself. You have familiarity with the area. I have no experience with long distance investing. Thanks for watching!