Rent-Vesting vs. House-Hacking: Weighing Your Real Estate Investment Options
Update: 2024-07-28
Description
Rent-Vesting vs. House-Hacking: Weighing Your Real Estate Investment Options
In this week's Mr. Mortgage Show, Mark Eitel takes a critical look at the rising trend of "rent-vesting," a strategy that encourages renters to purchase investment properties in markets outside their living area.
While proponents see it as a viable option for those unable to afford homes locally, Mark argues that this approach is not only risky but potentially disastrous. Instead, he champions the safer and more cost-effective strategy of house-hacking: purchasing a primary residence, living in it for at least 12 months, and then moving on to buy another while renting out the previous one.
Join us as Mark breaks down why starting small and local is a smarter way to build a property portfolio and how dropping the ego to buy within one's means can lead to greater financial success.
Jen is in the studio keeping, woman-ing the anytime hotline and doing her best to prevent Mark from singing!
Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline
Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"
Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005
Call or Text us: 561-935-5474 (Main Office)
Email: mark@mr.mortgage
In this week's Mr. Mortgage Show, Mark Eitel takes a critical look at the rising trend of "rent-vesting," a strategy that encourages renters to purchase investment properties in markets outside their living area.
While proponents see it as a viable option for those unable to afford homes locally, Mark argues that this approach is not only risky but potentially disastrous. Instead, he champions the safer and more cost-effective strategy of house-hacking: purchasing a primary residence, living in it for at least 12 months, and then moving on to buy another while renting out the previous one.
Join us as Mark breaks down why starting small and local is a smarter way to build a property portfolio and how dropping the ego to buy within one's means can lead to greater financial success.
Jen is in the studio keeping, woman-ing the anytime hotline and doing her best to prevent Mark from singing!
Learn more about Mark Eitel, the team, and the Show at www.MrMortgageRadio.com for more information or call/text 1-855-462-7292 the anytime hotline
Thanks for tuning in, and we'll see you on the next episode of "The Mr. Mortgage Show"
Let's Connect! Feel Free to Call Text or Email Mark Eitel NMLS #1929005
Call or Text us: 561-935-5474 (Main Office)
Email: mark@mr.mortgage
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