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Why "House-Hacking" Might Be the Easiest Way to Build Wealth Through Real Estate | Spencer Cornelia Pt. 1 E55

Why "House-Hacking" Might Be the Easiest Way to Build Wealth Through Real Estate | Spencer Cornelia Pt. 1 E55

FromThe Rich Somers Report


Why "House-Hacking" Might Be the Easiest Way to Build Wealth Through Real Estate | Spencer Cornelia Pt. 1 E55

FromThe Rich Somers Report

ratings:
Length:
32 minutes
Released:
Jun 8, 2023
Format:
Podcast episode

Description

In today’s episode, Rich sits down for an interview with Spencer Cornelia – Real Estate Investor, “House Hack King”, and YouTuber from Las Vegas. Spencer got into real estate investing in 2015 when he moved to Vegas from Oakland and met a buddy who rented out rooms in his place in order to live for free while also generating some additional cash flow. He then discovered the concept of house hacking through the Bigger Pockets forums and bought his first condo. They dive into Spencer’s experience flipping houses and losing a bit of money with the wrong contractor, dipping into the midwest markets, lessons learned and what he would have done differently on those flips. They discuss advice for listener’s looking to do their first house hack, techniques for finding great tenants & setting boundaries, and the complexities of landlord-tenant laws. Spencer also shares the craziest roommate story he has (one of the many) which ended with cops and handcuffs. --Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
Released:
Jun 8, 2023
Format:
Podcast episode

Titles in the series (100)

Join host Rich Somers, as he interviews top real estate investors, entrepreneurs, and athletes from all over the world to discuss all things real estate, business, and wealth related. His first guests include Tarek El Moussa - real estate investor & TV personality, and Cliff Avril - former Seattle Seahawks player & Super Bowl XLVIII Champion. Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings, boutique hotels, and short-term rentals valued in excess of $50M. He was an air traffic controller for the government for 11 years, and cashed out his 401k to get his start in real estate investing. Connect with Rich on Instagram: @rich_somers