{"id":90797,"date":"2019-08-01T17:00:04","date_gmt":"2019-08-01T23:00:04","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=90797"},"modified":"2024-02-24T12:43:10","modified_gmt":"2024-02-24T19:43:10","slug":"the-new-house-hack","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/the-new-house-hack","title":{"rendered":"I’m Using the Best of Robert Kiyosaki’s & Grant Cardone’s Teachings to House Hack in a New Way"},"content":{"rendered":"

A few years ago, Patrisha and I relocated the family from Lima, Ohio, to Chandler, Ariz. It was a trip<\/em>\u2014especially considering we still had our portfolio in Ohio.<\/span><\/p>\n

Upon arrival, we rented an apartment for eight months, and I got busy figuring out what to do about our permanent living arrangements, while Patrisha became an agent with Keller almost immediately. The second month in Chandler, we had what I can only describe as one of the most challenging months for our Ohio portfolio. We experienced issues with physical vacancy, economic losses, and CapEx. It was nuts! Ohio was saying goodbye to us.<\/span><\/p>\n

And still, the issue of a permanent living situation loomed. Should I buy some investments first and bridge into a primary later? Should I not worry, rent, and be free? Should I do a traditional house hack<\/a>? Should I do a live-in flip?\u00a0<\/em><\/span><\/p>\n

Well, before I go on, I must illuminate some realities to the likely readers. You see, if I were to take a guess, I’d say that much of the BiggerPockets audience today is very likely young and inexperienced. That being said, let me explain something to you.<\/p>\n

When you grow up, you will hopefully meet a nice partner. They will support you and your dreams because they love you. More than likely, they will eat a lot of proverbial crap standing by you and facilitating your success. And when you do finally make something happen, it’ll be time to pay up.<\/p>\n

If you are smart, you will have learned by then that you only get one mistake from them, and they already made it\u2014they married you. They won’t make another mistake, and they sure as hell won’t make the mistake of sleeping on a futon so you can hack your way at life and save a penny. Won’t fly, friends!<\/p>\n

But I also know, for many of you, having someone pay for your life is in your DNA\u2014as it is in mine. And that’s cool. I can’t blame you there. We can’t all be like Brandon Turner, buy the biggest house in Podunk, and fork the mortgage over out of our pocket.<\/p>\n

But back to the story. Having landed in the middle of one of the hottest markets in the United States, I knew I had to do something creative, and my wife was not up for any of Scott Trench’s schemes<\/a>. She needed a house, and it had better be a nice house. She got one!<\/p>\n

And what I figured out in the end surprised even me with its elegance (and I don’t often get surprised at my own brilliance. I am quite used to it).\u00a0<\/span>
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\nRelated:<\/strong> Meet Tim: How One Newbie Investor House Hacked a Duplex With No Prior Experience<\/a><\/em><\/p>\n

\"great-deal\"<\/p>\n

4 Theories on Home Buying vs. Renting<\/h2>\n