You’re planning to move soon and are asking yourself, “Should I sell or rent my house?” What if you’ve got little-to-no cash flow potential? Is future appreciation worth betting on? Maybe you need to renovate before you sell or rent; now, the question becomes, “How to finance home renovations?” Don’t stress; we’ve got you covered on all fronts in this episode as we walk through how to decide whether to sell or rent, the best ways to fund home renovations, and answer the mother of all rookie questions, “Is house hacking dead?”
With mortgage rates rising yet again and home prices still unaffordable in many areas of the country, does house hacking (renting out other rooms/units to pay your mortgage) still make sense? What if you can’t live for free anymore? Should you abandon the house hacking strategy entirely? We have some interesting thoughts on why we would or wouldn’t house hack in this housing market.
Ashley:
Let’s get your questions answered. I’m Ashley Kehr and I’m here with my co-host, Tony J Robinson.
Tony:
And this is the podcast to help you kickstart your real estate investing journey. And today we’re going back into the BiggerPockets forms, which if you didn’t know, the BP forms are one of the absolute best places for you to go as a rookie to get your real estate questions answered by real estate experts like me and Ashley. Now what we’re going to discuss today, we’ll talk about how to determine if you should rent or sell your property. We’ll talk about how to fund the rehab for Flip and we’ll discuss if house hacking is dead in this high interest rate market. Now, before we jump in, we want to thank Corporate Direct. This episode is sponsored by Corporate Direct Protect your properties with an LC and let corporate direct take care of the paperwork. Go to biggerpockets.com/direct for a free 15 minute consultation and 100 bucks off if you mention the podcast. Now, let’s get into the show.
Ashley:
Okay, so the…
