Carmen and Jordan interview guest Grant McDonald to discuss the concept of ‘House Hacking’, leveraging other people’s equity, utilizing private funding, engaging in joint ventures, and having an investor’s mindset. Listen in today, and learn how you can buy a multi-unit property and live for free while your tenants cover your mortgage payments and help you build equity in your real estate!

Episode Highlights:

• Grant’s background and how he got started in real estate
• His first couple properties
• House hacking
• A case study of one of his properties and its ROI
• Leveraging other people’s equity
• Joint ventures, making sure they work, and investor returns with them
• Utilizing private funding and the benefits involved
• Having an investor mindset as opposed to a consumer mindset
• What Grant looks for in a property
• His advice for those who would like to follow his example

Quotes:

“I bought my first income property at the age of 23, basically as soon as I could.”

“You’re an inspiration.”

“Basically, what this means is, you’re able to live in this property, pay the mortgage payments, and you’re actually getting paid to do so, nothing out of pocket. That is so cool.”

“This seems like such an amazing strategy that more people need to be taking advantage of.”

“I don’t believe in renting – I never did.”

“The tenants are paying down your mortgage.”

“They get to sit back and relax, and…see the cash flow come in every month.”

“The biggest tip would be educate yourself…but don’t try and reinvent the wheel.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/