As an investor, you’ll have to come up with answers to many questions when you consider acquiring a multifamily property. The first, and likely the most important question is: what will the rents be?
Author Ben Leybovich
There is one item in specific which seems to represent the biggest pitfall for investors, and it is property taxes. Let’s look at five of the properties I came in contact with over the past thirty days and their tax burden.
These two metrics may have value in some circles, but they totally worthless the way you are being taught to use them. Here’s why.
We’ve recently hit one full year in operation with our luxury house hack strategy, so I thought, why not do a bit of an update for you?
Once income is coming in as it should and economic losses are under control and normalized, this is what the income side of the asset’s equation looks like.
Using vacation rentals in a house hack will generate the most financial gain with the least risk and time commitment. Here’s why.
For me, luxury house hacking produces the same income but with much less headache than owning a multifamily—all while providing a high-end lifestyle.
Instead of asking, how do I pay for this thing, ask, how can this thing I want pay for itself? Understand, you can have anything as long as it makes money!
We want what we want, and saving money (by house hacking) simply has to fit the overall picture. The thing is, if we do this right, we can have both.
This is the first in a series on “luxury house hacking.” It’s all about life design, but without the futon silliness that only works for youngsters.
We came across a few products that could make a difference in the quality of your rentals over time. Two stood out as likely the most useful.