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Business & Economics
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What is House Hacking and Why is it an Excellent Investment Strategy? FI by REI, a property investment consultancy based in New Orleans, LA, launches the second season of its successful House Hacking podcast. The series aims to teach people how to fast-track their financial goals by purchasing a property as a primary residence, but renting out portions of it to generate additional income. To date, the podcast has been downloaded by over 13,000 listeners. FI by REI started the House Hacking podcast to teach you how to monetize your place of residence, so that rental income ultimately covers your mortgage payments. In the first season, the podcast featured case studies that expounded on five styles of house hacking: room rental, income suite, accessory dwelling unit, small multi- family, and work-provided. For the second season, you can expect to learn more about a sixth house hacking style called the slow flip strategy. FI by REI founder and podcast host Andrew says that the slow flip was reserved for season two as this strategy's unique characteristics required its own spotlight. The new season will also place an emphasis on renovation and home improvement, which can help increase a property's value and the rental rates it can command. As in the first season, the podcast will feature real-life investors who will share their experiences in house hacking. House hacking is one of the easiest ways to become a real estate investor, and FI by REI’s podcast series will give you a comprehensive overview of it. Get one step closer to financial freedom today! To subscribe to the podcast, go to https://fibyrei.com
