Episode Details
Back to Episodes
#360: I Made $358,000 from Househacking in 18 Years – HERE'S HOW!
Description
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
🎙️ Episode #360 – This 4-plex I house-hacked 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 Episode: How Much Tax I Paid When I Sold a Rental Property
https://youtu.be/SgNXl8eqa2U?si=0TlCsQMqIDJ1uhsD
📄 Show Notes:
https://www.coachcarson.com/househackinganalysis/
🎬 Timestamps:
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)
15:27 - Tracking the Appreciating Value of the Property
18:06 - Breaking Down the Numbers (The Return on Value)
22:17 - Analyzing the Internal Rate of Return (IRR)
27:12 - Forecasting the Property's Future Cash Flow
32:45 - How Much Taxes Do You Pay When Selling a Rental Property?
🔗 Coach Carson's House Hack Analysis Spreadsheet:
https://www.coachcarson.com/4plexanalysis
--------------------------
⚒️ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
🖥️ Learn with Coach (Courses, Books & more):
👋 Connect with Me:
📸 https://www.instagram.com/coachchadcarson
👍 https://www.facebook.com/coachchadcarson
🐦 https://twitter.com/CoachChadCarson
💰 DealMachine – Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine