FI by REI and The House Hackers Podcast has launched a weekly case study. The study seeks to inspire people to take advantage of house hacking as a means to financial independence.
For more information visit https://fibyrei.com/house-hacking-case-study-3.
The recently released case study series is a collection of testimonials from people who have benefited greatly from house hacking. Every week, a new person is featured and they tell the story of how house hacking offered them and their families financial independence.
House hacking is a form of real estate development in which a person renovates sections of their home and makes it available for rent. It can only be done using multifamily homes and involves living in a unit of that home while renting the other units.
The weekly case studies give a concise breakdown of how much money the house hackers had before investing in real estate, how much they invested, and what their monthly returns were. It highlights all the steps taken in acquiring the property, renovating the property, and advertising the property for rent.
In one case study, the house hacker renovated all three units of his multifamily home. He started living in one with his family and renovated it, then moved to another as soon as that tenant moved out. He then advertised the one he used to live in and began working on the other unit until all three units were renovated.
This then gave him enough leverage to raise the rental price for new tenants. He eventually moved out but made enough money to propel himself and his family into greater investments.
FI by REI is a real estate investment firm that aims to help people achieve financial independence. The firm hopes that these case studies will inspire people to take action so that they can attain the lifestyle that they want.
Interested parties can click on the link above for more information.
Release ID: 88966570