How I Quit Corporate with Just 3 Rentals (Real Estate Changed My Life)
Summary
This article details a real estate investor's strategy of purchasing duplexes in an expensive market outside New York City and using house hacking to achieve significant cash flow. The investor used a VA loan and leveraged debt to acquire properties, while strategically renting out units to cover expenses and generate income. Hosts can consider using creative financing and house hacking to offset costs and build their STR portfolio.
Key Insights
- •The investor generates $9,000 monthly cash flow from six doors outside of New York City.
- •The investor used a VA loan with a $1,000 deposit to purchase a $785,000 duplex and house hacked it to cover living expenses.
- •The investor used section 8 rent rates as a financial safety net to assess the risk of taking on debt.
Action Items
- ✓Consider using creative financing options like VA loans or other low down payment options to acquire properties in high-cost markets.Effort: mediumImpact: medium
- ✓Explore house hacking strategies (living in one unit and renting out others) to reduce your personal living expenses.Effort: mediumImpact: medium
- ✓Research local Section 8 rates to understand the potential income floor and risk mitigation in your market.Effort: mediumImpact: medium
Tools & Resources
- →Real Estate Rookie podcast: The article mentions the Real Estate Rookie podcast.
Related News
KB Home bets on built-to-order strategy amid a spec-heavy market
KB Home is shifting its focus to a built-to-order (BTO) strategy, aiming for higher margins in a challenging market. Hosts should pay attention to this trend as it may impact competition and pricing in their local markets, especially if private builders react to the changes.
![An Overview of Dynamic Pricing for Hosts [+5 Tools Included]](/_next/image?url=https%3A%2F%2Fwww.igms.com%2Fcontent%2Fimages%2Fwordpress%2F2022%2F10%2FDepositphotos_dynamic_pricing.jpg&w=3840&q=75)
An Overview of Dynamic Pricing for Hosts [+5 Tools Included]
This article discusses dynamic pricing for short-term rentals, explaining how it works to optimize revenue and occupancy by adjusting rates based on market conditions. Hosts should consider implementing dynamic pricing, using tools that automatically adjust rates, to stay competitive and maximize profits.
United Real Estate CEO Dan Duffy on the roadmap for competitive advantage
This article highlights the importance of data and AI in gaining a competitive edge in the 2026 housing market, emphasizing that hosts who prioritize data-driven decisions and adapt to market changes will thrive. Hosts should focus on leveraging data and AI to make informed decisions about their STR business to capture market share.
Foreclosure Starts Fall 7.6% Nationally, But These Key Counties Show Rising Distress
Foreclosure starts are down nationally, but certain counties are seeing a rise in early-stage filings, which can indicate future pre-foreclosure opportunities. Hosts in Florida, California, Ohio, North Carolina, and Texas should monitor county-level data to anticipate potential distressed property sales and consider how this might affect their local markets.