If you’ve ever considered real estate as a way to increase your wealth but never knew where to start, this episode will provide actionable strategies that you can implement to super charge your path to financial independence. We feature an interview with Andrew Kerr from the blog FI by REI and host of The House Hacking Podcast. Andrew outlines six options you should consider in order to leverage the “house hacking” approach to real estate investing. As an expert on real estate and someone who is pursuing financial freedom along with his wife, Andrew provides a range of options that will make this strategy work for you, no matter your age.
Show intro: Email from fellow blogger Steven from https://www.frugalwander.com/
Andrew's background:
Started career in mortgage banking industry and purchased his first home at 20
Was making good money but wasn’t happy in his career, shifted over to non-profit sector but made less money
Identified REI (real estate investing) as a wealth building tool and got to “Lean FIRE” at a young age
Experienced a wide range of REI options and landed on “buy and hold” as the preferred method, rather than flipping houses
Found that he was able to keep his job in non-profit while making cash flow from real estate
Has set aggressive goals for his own life:
Basics of house hacking:
Six house hacking styles:
Resources to learn more about REI:
Website: https://fibyrei.com/
Podcast: https://fibyrei.com/the-house-hacking-podcast/
Instagram: @fibyrei and @thehousehackingpodcast