Sep 9, 2024
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🎙️ Episode #360 – This 4-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 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 FREE Househack Spreadsheet:
https://docs.google.com/spreadsheets/d/1rQFonYIhXUmiQk4rDSxqy_qacGniGUe2UXbH6oGupJE/edit?usp=sharing
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