EP031 Creating Wealth For Yourself - How to use a little known loan to purchase and rehab your first House Hack with Kevin Murphy

EP031 Creating Wealth For Yourself - How to use a little known loan to purchase and rehab your first House Hack with Kevin Murphy

I firmly believe that one of the best ways to get into real estate investing in order to create your own financial freedom is to purchase a multi-family property and live in one of the units. This is called House Hacking, and its a fantastic way to build wealth while reducing your expenses by having your tenants pay your mortgage.

Today I'm excited to take this concept to the next level with Kevin Murphy, who just completed his first House Hack. The exciting part is that he discovered a little known way to finance the purchase and rehab costs using a HUD 203K loan in which he put down less than $4,000 for the purchase and rehab.

Now Kevin's tenants are paying his mortgage and utility costs, he is living 'rent free', and pocketing several hundred dollars a month! Not bad for a recent college grad!

Today, Kevin walks us through the entire process: His search for the right property, how he learned about this loan, and the challenges he faced making it come together.

If you'd like to learn more about Kevin and his business, you can visit his website at:

www.KCorey.com

Avsnitt(593)

Creative Foreclosure Investing: How to Profit from Overages and Distressed Deals with Bob Diamond

Creative Foreclosure Investing: How to Profit from Overages and Distressed Deals with Bob Diamond

Negotiation, deal structure, and legal traps—these can make or break a real estate investor. Few people understand this better than Bob Diamond, a seasoned real estate attorney, investor, and develope...

22 Dec 202539min

How to Get Tenants to Pay Rent on Time and Build Credit with Lily Liu

How to Get Tenants to Pay Rent on Time and Build Credit with Lily Liu

One of the biggest challenges for rental property owners is ensuring residents pay on time—and keeping them motivated to stay. What if you could turn rent into a win-win, boosting your cash flow while...

15 Dec 202523min

Building Wealth with Sustainable Materials: How Climate Innovation is Reshaping Real Estate with Josh Dorfman

Building Wealth with Sustainable Materials: How Climate Innovation is Reshaping Real Estate with Josh Dorfman

For investors, developers, and property owners, the future of real estate isn't just about location—it's about building smarter, cheaper, and more sustainably. In this episode, Brian Hamrick sits down...

8 Dec 202531min

Why Every Real Estate Investor Needs Title Insurance: Protecting Your Deals from Liens, Fraud, and Hidden Risks with Dru Wischhover

Why Every Real Estate Investor Needs Title Insurance: Protecting Your Deals from Liens, Fraud, and Hidden Risks with Dru Wischhover

Most real estate investors love hunting for great deals—but few think about the unglamorous step that can make or break a transaction: title insurance. In this episode, Brian Hamrick sits down with Dr...

1 Dec 202536min

From Duplex to $10 Million Portfolio: Bob Biggins' Path to 500 Doors

From Duplex to $10 Million Portfolio: Bob Biggins' Path to 500 Doors

What does it take to grow from a single duplex to managing 85 units worth nearly $10 million—and then set your sights on 500 doors? In this episode, Brian Hamrick talks with Bob Biggins, a Michigan-ba...

24 Nov 202528min

Building a Brand with Large Group Short-Term Rentals on the Kentucky Bourbon Trail, with Andrew Llewellyn

Building a Brand with Large Group Short-Term Rentals on the Kentucky Bourbon Trail, with Andrew Llewellyn

How do you scale short-term rentals into a hospitality brand for large groups—and use bourbon tourism to keep your calendar full? In this episode, Brian Hamrick talks with Andrew Llewellyn, founder of...

17 Nov 202530min

How to 10X Your Rental Income with Sober Living & Group Homes with Jim Boad

How to 10X Your Rental Income with Sober Living & Group Homes with Jim Boad

What if your rental properties could deliver strong cash flow and transform lives? In this episode, Brian Hamrick talks with Jim Boad, founder of Shelton Housing and author of Group Home Accelerator, ...

10 Nov 202531min

Accessory Dwelling Units (ADUs): How Backyard Builds Can Solve Housing Shortages and Boost Cash Flow with Nathan Biller

Accessory Dwelling Units (ADUs): How Backyard Builds Can Solve Housing Shortages and Boost Cash Flow with Nathan Biller

What if the answer to West Michigan's—and America's—housing shortage isn't massive new developments, but small homes tucked into the neighborhoods we already live in? In this episode of the Rental Pro...

3 Nov 202529min

Populärt inom Business & ekonomi

framgangspodden
varvet
rss-jossan-nina
svd-tech-brief
badfluence
rss-svart-marknad
uppgang-och-fall
bathina-en-podcast
avanzapodden
tabberaset
rss-inga-dumma-fragor-om-pengar
24fragor
rss-kort-lang-analyspodden-fran-di
rss-borsens-finest
rss-dagen-med-di
kapitalet-en-podd-om-ekonomi
borsmorgon
fill-or-kill
rss-veckans-trade
lastbilspodden