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Updated over 1 year ago on . Most recent reply

User Stats

43
Posts
28
Votes
Justin Brown
28
Votes |
43
Posts

Real estate investing

Justin Brown
Posted

Hey everyone my name is Justin. I have a goal of making 10k in passive income per month by the time I am 30 and I want to do achieve that goal through real estate investing. I am particularly interested in this strategy called house hacking. I am currently 23 and I currently work at a public accounting firm and I am in the process of becoming a cpa. Any tips and tricks you guys can give me to help achieve this goal.

Most Popular Reply

User Stats

128
Posts
125
Votes
Angie Castro
  • Real Estate Broker
  • Charlotte, NC
125
Votes |
128
Posts
Angie Castro
  • Real Estate Broker
  • Charlotte, NC
Replied

Hey Justin! Local realtor and house hacker here. You can do this for sure. I am 22 years old and I have personally house-hacked my way into three different properties. Yeah your cashflow will not be major in the first ones ($150-300) but every year it goes up and new opportunities come up. For example I switched my first house from a long term rental ($400 cashflow) to a short term rental and now have a cash-flow of around $2,000 monthly after all expenses. It took a couple of years for the Airbnb market to be there. Let's meet sometime this week and talk about your house-hacking options! 

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Angie Castro with Monarch Group
5.0 stars
24 Reviews

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