<p>Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a>, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how <strong>Sunny and SunMarie Burns</strong>used a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how <strong>Sam Valme</strong> was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business!</p><p>In This Episode We Cover:</p><p><strong><em>Sunny and SunMarie’s Segment:</em></strong></p><ul>
How Sunny got hooked to the podcast
Why you should consider buying a fourplex as a first property
How to find these deals
Thoughts on the competitiveness of the real estate market
How to use house hacking to earn extra cash
Why you should always look out for holding costs
How real estate helped Sunny and his family
Sam’s Segment:
- How his mom unknowingly gave him a ticket to real estate investing
- How he turned the basement into a rental unit
- Tips for making the financing work on a deal like this
- Why he used an FHA 203K for financing
- The benefits of using Airbnb to rent your property
- How to price Airbnb rentals the right way
- How to use electronic locks and automate the process
- His worst tenant experience ever
- And SO much more!
Links from the Show
Books Mentioned in this Show
Tweetable Topics:
- “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!)
- “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!)
- “Imagine your perfect day and then, work backwards from there.” (Tweet This!)
- “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!)
Connect with Sunny
Connect with Sam
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