BROADCASTS.com

b"In this episode, Robert Leonard shares about house hacking, what it is, and how to do it. He also proposed new strategies to help us earn higher in real estate and how we should shift our mindset from thinking about profitability and not just comfort.\\n\\n[00:01 - 06:27] Diving into House Hacking\\xa0\\nHouse hacking is purchasing a property with the goal of renting out additional space to reduce living expenses\\nScaling to fit the lifestyle you want\\xa0\\nComfort vs. Profitability metric/graph shows that as comfort is given up, profitability increases\\n\\xa0\\n[06:28 - 11:45] Finding the Right House Hack\\nLegislation in some areas is making ADUs easier to obtain\\nQuantifying comfort given up versus profitability can help determine the best house hack strategy\\xa0\\nWhen house hacking, consider both the qualitative and financial aspects of the property to find the right deal\\n\\xa0\\n[11:46 - 21:20] Setting Criteria and Navigating Financial Logistics\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\nWhen renovating, consider what is normal and appropriate for the area\\nConsider using a third party payment service to streamline financial aspects\\xa0\\nCheck local laws and regulations regarding electronic payments\\n\\xa0\\n[21:21 - 27:23] Closing Segment\\nQuick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\xa0\\n\\nWhat is the best investment you've ever made other than your education?The first house hack he did where he was able to overcome his limiting beliefs\\xa0\\n\\nRobert Leonard\\u2019s worst investments\\xa0Buying stocks based on quantitative data only\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?People who have done great things are no different from everyone else\\n\\n\\nConnect with Robert Leonard:\\nWebsite: http://househacking.com/\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\n\\xa0\\nTweetable Quotes:\\n\\u201c99% of people that have done great things are no different than anybody else.\\u201d - Robert Leonard"