Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

42: Bed and Breakfast House Hacking with Lauren Keen Aumond

42: Bed and Breakfast House Hacking with Lauren Keen Aumond

FromReal Estate Rookie


42: Bed and Breakfast House Hacking with Lauren Keen Aumond

FromReal Estate Rookie

ratings:
Length:
59 minutes
Released:
Dec 16, 2020
Format:
Podcast episode

Description

Lauren Keen Aumond was only 22 years old when she got her primary residence under contract, and 23 when she purchased it. She realized that the rents in her area were higher than the mortgage payment of buying a house, so she bought a home, leased out a room, and incidentally discovered house hacking. At 23 she was only paying $200 a month to own a home that would appreciate for many years to come.This is when Lauren decided that real estate would become a bigger part in her life than she had planned. She then spent the next decade buying a second home, selling it, and cashing it in for a duplex. Now she owns a cash-flowing duplex plus her latest purchase, a house hacking bed and breakfast!This home was situated on a decent sized lot, with a primary home, 2 cottages, and a mobile home! As a resourceful investor, Lauren decided the best way to make this a cash flowing property was to turn the two cottages into short-term rentals and buy a camper as a 4th unit on the property.Lauren now juggles school, a full time job, small businesses, and her rental portfolio all at once. She goes into some seriously messy situations she’s been in with tenants, from evictions, to break-ins, and even utility siphoning. With all that being said, she still feels confident as ever to be a landlord, and isn’t looking back!In This Episode We Cover:Why house hacking is great for young real estate investorsWhy you need to focus on the numbers, not emotions in a dealDifferent financing options for multi-family propertiesCreative ways to house hack a property with different units on one lotHow to get multiple appraisals (if the first doesn't cut it)Dealing with very troublesome tenants (especially during COVID)Why you shouldn’t give up even if a property’s numbers fall shortAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupAshley's InstagramTony's InstagramBiggerPockets Bookstore7 Metros With the Biggest Rent Growth Over the Last 5 YearsVrboAirbnbAirDNASmartbnbFelipe Mejia's InstagramCheck full show notes here: http://biggerpockets.com/rookie42See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 16, 2020
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.