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.

291: Living for FREE at 22 and Planning to Retire by 30 with Rentals w/Ryan Hughes

291: Living for FREE at 22 and Planning to Retire by 30 with Rentals w/Ryan Hughes

FromReal Estate Rookie


291: Living for FREE at 22 and Planning to Retire by 30 with Rentals w/Ryan Hughes

FromReal Estate Rookie

ratings:
Length:
55 minutes
Released:
May 31, 2023
Format:
Podcast episode

Description

Who knew living for free could be as simple as house hacking and renting rooms out to a few college friends? Today’s guest was able to generate enough monthly income from his first real estate deal to cover his mortgage payment each month—and then some!
Welcome back to another episode of the Real Estate Rookie podcast! Ryan Hughes’ real estate investing journey started at the age of fourteen, when his father allowed him to go in on a real estate deal. Naturally, Ryan was ready and eager to start investing in his own rental properties by the time he graduated from college. Within months, he had bought his first investment property, one he conveniently spotted while jogging around his neighborhood. Shortly after closing, Ryan had seven people living in the house and paying rent to fully cover his mortgage payment, utilities, and more.
If you’re interested in living for “free” and attaining financial freedom, you’ll want to hear what Ryan has to share about house hacking, building your real estate network, and how to keep the peace with other tenants. As always, Ashley and Tony have some invaluable insights to share as well—from leveraging debt the right way to finding the best home loan products!
In This Episode We Cover
How to live for FREE by house hacking and renting out rooms
Managing tenants when they live with you (and share your stuff!)
Identifying housing markets where cheap properties will appreciate
Tapping into a real estate agent’s network and leveraging their connections
Using an inspection report to your advantage before closing on a property
How to find a home loan that benefits both the buyer and seller
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Analyze Your Own Deals Using the BiggerPockets Rental Property Calculator
Living for “Free” with 63 Self-Storage Units
Follow Ana Karina on Instagram for Real Estate, Tax, and Bookkeeping Advice
Connect with Ryan:
Ryan's YouTube
Ryan's TikTok 

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-291
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
May 31, 2023
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.