House Hacking Success

47. House Hacking New Constructions in Austin, TX! with Andres Bustamante


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In this episode Andres Bustamante talks about how he got started in real estate as a leasing agent at an early age. Andres started when we was in college. Eventually he started house hacking and helping others house hack too. He teaches about what it's like to house hack a new construction and tells us what the hot market of Austin, TX is looking like!

Andres' Instagram: @andresbustatx
Andres' Website: househackaustin.com

Show sponsors: 

  • Rentometer - Rentometer lets you analyze rent on your property!
  • RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!


Instagram: @househackingsuccess
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Visit our website to learn more about house hacking at househackingsuccess.com

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House hacking is one the best ways to get started in real estate. So many investors have used house hacking to buy their first rental property with a low down payment, then even live rent free. You can live rent free because the with house hacking you utilize an "owner occupied" loan to buy a property. Owner occupied means you agree to move into it. If you occupy the property you get a lot of loan options that vary from 0-5% down. You can even buy a 4-unit multi-family property depending on the loan! After you move in you rent out the extra space to cover the mortgage, which allows you to live rent free. You only have to do that for a year! After a year you can move out and turn your property into a full time cash flowing rental property! What makes house hacking so powerful is a combination of the low down payment and living for free. You can literally change your life buy purchasing one house hack and cutting out your rent or mortgage. Imagine if you reinvested those savings to buy another property. House hacking is the best way to go from just getting by to becoming a rock star real estate investor.

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House Hacking SuccessBy Brad Labrie, Drew Klingler

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