How to Achieve Financial Freedom by Hacking a House

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Editor’s Note: This episode originally aired on Oct. 19, 2022. We may contain some information that is out of date.

What if you could stay in your home while someone else pays the mortgage? That’s the idea behind the house robbery.

House hacking means living in a house or multi-unit complex while renting out part of it. Dedicated real estate hackers say it’s a great way to lay the foundation for a real estate empire — one that can lead you to financial freedom. But will it work for you?

That’s what we explore in this week’s podcast.

As always, host Stacy Johnson is joined by financial reporter Miranda Marquit. Listening and sometimes contributing is producer Aaron Freeman. This week’s guest is Robert Leonard, author of “The Everything Guide to House Hacking.”

Remember, even though we sometimes talk about certain investments on our podcasts, don’t take them as recommendations. Before investing in anything or making any moves, do your research and make your own decisions.

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What is housebreaking?

In this episode, we talk about housebreaking and the different forms it can take. From buying a home and living in it while you renovate it to buying a multi-unit property and living in it while your tenants pay the mortgage, there are different ways to get more out of your primary residence.

Other links related to accommodations:

What can you expect from real estate in the future?

Is now the right time to invest in real estate? Or should you wait? Before making that decision, check out our resources for what you need to know.

Also, if you are not sure about real estate, you can turn to the stock market. It’s really moving right now, but that doesn’t mean you can’t make the most of it. Check out our podcast episode on “5 Things You Need to Know About the Terrible Stock Market.”

Meet this week’s guest, Robert Leonard

Robert Leonard / Money Talks News

Robert Leonard is vice president of growth at The Investor’s Podcast Network, host of the “Real Estate 101” and “Millennial Investing” podcasts, founder and managing partner of Piranha Capital, and founder of AllHouseHacking.com. He received an MBA in accounting and finance and a BSBA in finance and economics, and is a certified management accountant (CMA).

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About the hosts

Stacy Johnson founded Money Talks News in 1991. He is a CPA, and has obtained licenses in stocks, commodities, primary options, mutual funds, life insurance, securities manager and real estate.

Miranda Marquit, MBA, is a financial expert, author and speaker. He has been covering finance and investment topics for nearly 20 years. When she’s not writing and podcasting, she enjoys traveling, reading and the outdoors.

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