Published On Sep 9, 2024
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm-YT
🎙️ Episode 360 – This four-plex I househacked at 26 was my first major investment. I'll share how I secured financing, made improvements, and navigated the ups and downs of management. Finally, I'll break down how exactly I made $358,000 – not from cash flow!
▶️ Next Video: How Much Tax I Paid When I Sold a Rental Property
• How Much Tax I Paid When I Sold a Ren...
📄 Show Notes:
https://www.coachcarson.com/househack...
🎬 Topics Covered:
00:00 - Intro: Living Almost for Free at 26 Years Old
00:53 - Where I Got the $$$ for my First House Hack
06:42 - $0 in with the BRRRR Strategy
09:01 - Breaking Down the Numbers (Cash Flow)
15:21 - Tracking the Appreciating Value of the Property
18:00 - Breaking Down the Numbers (The Return on Value)
22:11 - Analyzing the Internal Rate of Return (IRR)
27:00 - Forecasting the Property's Future Cash Flow
32:34 - How Much Taxes Do You Pay When Selling a Rental Property?
🔗 Coach Carson's FREE House Hack Spreadsheet:
https://www.coachcarson.com/firsthous...
________________________________________
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-yt
🖥️ My Real Estate Courses:
[FREE COURSE] Find Your Focus in Real Estate for Beginners:
https://www.coachcarson.com/findyourf...
30 Days to a Better Rental Investor:
https://www.coachcarson.com/30days-YT
Creative Financing for Real Estate Investors:
https://www.coachcarson.com/creativef...
📙 The Small & Mighty Real Estate Investor (My Book):
https://www.coachcarson.com/smallandm...
📘 Retire Early with Real Estate (My Book):
https://www.coachcarson.com/retiremen...
✅ Subscribe for more videos about real estate investing:
https://www.youtube.com/user/CoachCha...
👋 Connect with me:
/ coachchadcarson
/ coachchadcarson
/ coachchadcarson
💰 DealMachine – Software to help you buy more real estate deals:
https://www.coachcarson.com/dealmachi...
🌐 For everything else: http://www.CoachCarson.com
Video & Photo Credits – Pexels & Pixabay