Asset — earns YOU income. Liability — earns the bank income. Are you buying assets or liabilities? **Think cars, boats, real estate… how can you make it earn you income, instead of just paying interest to the lender? #buyahouseinLA#realestate#realtor#realtorsofinstagram#homebuying#equity#losangeles#losangelesrealestate#realestateagent#FIRE#financialfreedom#investing#househack#househacking#free#education#workshop#assets
Buying a House When You’re Self Employed: Free Zoom Q&AThu, Apr 7, 2022 @ 7PM www.lyonideas.com/self-employed Join Fiona Bryan from Academy Mortgage and Sammy Lyon from Dow Capital for an interactive live Q&A on how to buy a house while self employed or running your own business. Topics we’ll cover: Strategies to qualify for financing…
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Here are 3 ways to “house hack” in LA (or anywhere) $. buy a single family house, live in it and rent out rooms $$. buy a multifamily, live in one unit and rent the other(s) $$$. buy a 1-4 unit, build an ADU (accessory dwelling unit) and rent it out House hacking is a…
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It was this week 4 years ago that I first got obsessed with real estate. I still remember — it was lunchtime at our all-staff conference, and I mentioned to my colleagues that I wanted to buy a house. My cubicle-mate (yes, ugh — I had a cubicle) said, “why don’t you buy a duplex…
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You can buy a $650,000 house putting 3% down with an FHA loan. That’s $19,500. It’s not a small amount, but it’s also not $100k. If you’re thinking of buying a house, don’t wait to talk to a lender. Homeownership may be more attainable than you think. **Sign up for my FREE zoom Q&A on…
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Congrats to my buyer on winning this deal! We weren’t the top offer, but we were consistent and persistent and got everything in by the deadline. And it paid off! When we walked in we knew this was her house. We just had to trust we would get it. Is it normal to be nervous?…
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Congrats to my clients for closing on their first house hack in LA!! They found a single family home that had rental potential. When you live in a place and rent part of it out, this is called “house hacking.” 🏘 It helps pay the mortgage and lower your housing expenses. Housing tends to be…
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When investing in real estate, you’ll need a solid team. The key members are: Realtor Property manager Lender Contractor Interview many, and don’t be afraid to fire quickly if it’s not working. #realestate #FIRE #financialfreedom #financialindependence #passiveincome #investing #realtor #realtorsofinstagram #doesyourrealtorinvest? 😉
My first rental property was $46,000. I put $10,800 down. It rents for $850/mo + I set aside 5% of rents for down payment assistance if the tenant wants to buy the house. After all expenses I make $300/mo in cash flow. It seems small but that’s $3,600/yr of mostly passive income. Imagine what you…
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Oh man, what a week! I am so stoked for these buyers to open escrow. They have been wanting this for a LONG time. And then, when we started looking seriously, it happened FAST! Like, 1 week fast…. When it’s meant to happen, it does. I am so excited for these two to find a…
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