266: Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes
If you live in a high-cost-of-living area, a house hack could solve many of your money-related problems. Sharing your living space isn’t always easy, but with a few simple tricks, you can make it more than worth your while. From subsidizing your cost of living to generating cash flow while you’re still staying at the property, house hacking has some almost unbelievable benefits that ANY investor can capitalize on. And Ashley and Tony have some great tips to share!
Welcome back to this week’s Rookie Reply! Whether you’re a homeowner, landlord, or both, you’ll want to hear our hosts’ tips for preventing frozen pipes and what to do when it happens anyway. We also explore unpermitted rental property renovations, the nuances of buying properties that are for sale by owner (FSBO properties), and when and why to use electronic keypad door locks. You’ll even learn how to find the lender on ANY property in the nation the next time you plan a creative real estate deal!
If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover
Living for free, generating cash flow, and the HUGE benefit of house hacking
Why unpermitted renovations aren’t always deal breakers
Winterizing your rental or primary residence (and keeping your pipes safe!)
How a for sale by owner (FSBO) purchase differs from a regular realtor deal
The benefits and limitations of smart-home technology
How to find the lender of ANY property in your area
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow
Books Mentioned in this Show:
Real Estate Rookie: 90 Days to Your First Investment by Ashley Kehr
The House Hacking Strategy by Craig Curelop
Connect with Ashley and Tony:
Ashley's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-266
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