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052FF: 3 Proven Strategies to Buy Your Dream Home Now! | I’m $40K in Debt and Only Making $800/Month!
In this Podcast, Chris and Dominic discuss house hacking, subject-to-investing, and creative financing as alternative methods to get into the housing market. House hacking involves purchasing a larger property than needed and renting out additional rooms or units to subsidize the mortgage. Subject-to-investing is when the buyer takes over the existing mortgage of a property while keeping the original owner's name in place. Creative financing is a non-traditional financing method where the seller acts as the lender, allowing for more flexible terms. These strategies can be used individually or in combination to find creative solutions for buying a house. In this conversation, Dominic and Chris discuss the importance of generational wealth and how it can be achieved through real estate. They share a personal story about Dominic's father helping someone in distress and how it led to the acquisition of a rental property that has been in the family for generations. They emphasize the need for knowledge, courage, and good management in real estate investing. They also address a listener's question about getting out of $40,000 in credit card debt and offer tough love advice on taking personal responsibility and finding a better job to pay off the debt.
🔔 Subscribe for More Content:
📌 Connect With Us:
The Fi Guys
WebsiteMonzon Wealth
Facebook
Instagram
Twitter
LinkedIn
📧 Contact Us:
For FI Friday Feedback questions, business inquiries, or collaboration opportunities, please email us at: [email protected]
💬 Leave a Comment:
We love hearing from our viewers! Share your thoughts, questions, or suggestions in the comments section below. We'll do our best to respond to each one.
⏰ Timecodes ⏰
00:00 Introduction
03:02 Subject-to Investing: Taking Over the Existing Mortgage
21:47 Creative Financing: Non-Traditional Financing Method
29:10 Building Generational Wealth
33:52 Creative Strategies for Entering the Housing Market
38:06 Viewer Mailbag
53:04 Wins of the Week
#realestateinvesting #househacking #realestateinvesting
~~~~~~~
Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice.
The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances.
We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.
This video podcast is sponsored by Monzon Wealth. The content in this podcast is for informational purposes only and should not be considered financial advice. We do not endorse specific products or services. Past performance doesn't guarantee future results. The opinions expressed are those of the hosts and guests, not the podcast sponsors.
It is crucial to consult with a qualified financial advisor or professional who can provide advice tailored to your specific needs before making any financial decisions, investments, or taking any other actions. If you are seeking specified help, you can reach out to Chris at https://www.monzonwealth.com/
View all episodes
By The FI GuysIn this Podcast, Chris and Dominic discuss house hacking, subject-to-investing, and creative financing as alternative methods to get into the housing market. House hacking involves purchasing a larger property than needed and renting out additional rooms or units to subsidize the mortgage. Subject-to-investing is when the buyer takes over the existing mortgage of a property while keeping the original owner's name in place. Creative financing is a non-traditional financing method where the seller acts as the lender, allowing for more flexible terms. These strategies can be used individually or in combination to find creative solutions for buying a house. In this conversation, Dominic and Chris discuss the importance of generational wealth and how it can be achieved through real estate. They share a personal story about Dominic's father helping someone in distress and how it led to the acquisition of a rental property that has been in the family for generations. They emphasize the need for knowledge, courage, and good management in real estate investing. They also address a listener's question about getting out of $40,000 in credit card debt and offer tough love advice on taking personal responsibility and finding a better job to pay off the debt.
🔔 Subscribe for More Content:
📌 Connect With Us:
The Fi Guys
WebsiteMonzon Wealth
Facebook
Instagram
Twitter
LinkedIn
📧 Contact Us:
For FI Friday Feedback questions, business inquiries, or collaboration opportunities, please email us at: [email protected]
💬 Leave a Comment:
We love hearing from our viewers! Share your thoughts, questions, or suggestions in the comments section below. We'll do our best to respond to each one.
⏰ Timecodes ⏰
00:00 Introduction
03:02 Subject-to Investing: Taking Over the Existing Mortgage
21:47 Creative Financing: Non-Traditional Financing Method
29:10 Building Generational Wealth
33:52 Creative Strategies for Entering the Housing Market
38:06 Viewer Mailbag
53:04 Wins of the Week
#realestateinvesting #househacking #realestateinvesting
~~~~~~~
Disclaimer: The FI Guys is a podcast dedicated to providing general information and insights on a wide range of wealth-related topics. The views and opinions expressed in this podcast are those of the hosts and guests and do not constitute personalized financial advice.
The content provided in this podcast is for educational and informational purposes only. It should not be considered a substitute for professional financial advice. Your financial situation and goals are unique, and the information provided here may not be applicable or suitable to your specific circumstances.
We, the hosts and guests on The Fi Guys are not acting as your financial advisors. We are not aware of your individual financial situation, risk tolerance, or investment objectives. Any decisions or actions you take based on the information provided in this podcast are your own and made at your own risk.
This video podcast is sponsored by Monzon Wealth. The content in this podcast is for informational purposes only and should not be considered financial advice. We do not endorse specific products or services. Past performance doesn't guarantee future results. The opinions expressed are those of the hosts and guests, not the podcast sponsors.
It is crucial to consult with a qualified financial advisor or professional who can provide advice tailored to your specific needs before making any financial decisions, investments, or taking any other actions. If you are seeking specified help, you can reach out to Chris at https://www.monzonwealth.com/