All Forum Posts by: Adrian Tiscareno

@Adrian Tiscareno House hacking is buying a multi-unit rental property (i.e., a duplex, triplex, or fourplex) and living in one of the units such that the income from the other units covers your mortgage. In that way you are “hacking” your biggest expense: housing. You’re basically living for free (and then some) if you buy the right property! You can do this with very little cash up-front: as low as 3.5% down if you get an FHA loan, which is common among house hackers.

If you’re in your 20s and currently unattached to children, house hacking is a no-brainer. If you do nothing else in real estate, you will have succeeded by getting into a fourplex as a young man or woman with only 3.5% down. Assuming the rents cover your expenses, in 30 years when you’re in your early 50s and the mortgage is paid off, and you’ve done the smart thing by raising the rents over the years, you will be sitting on a multi-million-dollar asset that cash flows thousands of dollars per month at the cost of a measly $20k or so out-of-pocket when you were 20-something. I can’t think of any better way for young people with limited resources to prepare for their future so early on in life with so little cash out-of-pocket. Run the numbers and see for yourself.

That is so true I think I just got my first niche

1 Vote

Originally posted by @Logan Allec:

Welcome, @Adrian Tiscareno. I grow up not far from there in Riverside. Have you thought about house hacking?

I haven't read that much when it comes to house hacking , but wouldn't mind taking the time to see where it can go . Feel me in

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@james wise thank you

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hello BP , I am a newbie from California, Ontario . I am 23 years old & a full-time apprentice for plumbing . I been interested in the real estate business for the last month or so , been self educating myself here & there but decided to step it up a notch & reach out to BP member for advice as well as where to start with a full time job , as well as taking the step as getting a loan , where to search for in my area (market) & the contracts etc . Any lead will help !

Thank you Adrian Tiscareno

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hello BP , WELL I am a newbie to the Real Estate World & found this awesome site to educate myself . With that being said I am curious how to find out where I can view the market in my area , or see how to get a listing etc .

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@Bill gulley thank you for the consideration! Just new too all this so I am educating myself before I make a big step forward !

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thanks guy ! The only thing that is holding me back is my Financial problems I work a full time job mi credit is ok I just wouldn't want it know where to start when it comes to money

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is it more beneficial to obtain your real estate license and your broker's license

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hi there ! I am adrian a new member here , just reaching out for information regarding where to start in the real estate bussniess . I wanna buy and flip homes , please any feed back with your first experience will greatly be appreciated!

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All Forum Posts by: Adrian Tiscareno

Adrian Tiscareno has started 4 posts and replied 9 times.

Post: New member from California, Ontario

Post: New member from California, Ontario

Post: New member from California, Ontario

Post: New member from California, Ontario

Post: How to access the market in my area ?

Post: is it better to be a broker/agent

Post: where to start

Post: is it better to be a broker/agent

Post: where to start