Reduce Your Housing Expenses With Expert Tips From A House Hacking Case Study


If you’re ever having doubts about the success potential of the small investments you’re making today, you need to listen to this story!

Real estate investment advisory company FI by REI has launched a new episode of their House Hacking Case Studies podcast. The fifth featured case of the series focuses on a former engineer and the massive success of his investment portfolio, which now includes 3,500 rental units.

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The podcast’s latest release centers on a story that is one for the books. At the time renting a space in the Seattle area, Lane Kawaoka first thought of the idea of house hacking after speaking to a former landlord. With the goal of overcoming the need to pay monthly rents, he decided to buy a single-family home out of his savings.

Sometime in 2010, Lane invested in his first real estate property and began his house hacking endeavor. He started really small by occupying one of the rooms in the house and renting out the rest of the space to cover his housing costs. Lane partnered with a property manager in finding and handling the tenants.

One of the most inspiring parts of the episode is how Lane managed to grow his real estate investment portfolio to what it is today. This is discussed in detail, including the financing services he used as he was expanding his network, as well as the rental income he is getting out of his properties.

As with their previous cases, the podcast never fails to highlight the challenges that their guests had to go through before experiencing success. FI by REI always emphasizes that house hacking and real estate investment, in general, have a learning curve, that is why homeowners interested in pursuing such ventures need to do so with care and patience.

The company was founded in 2018 with the mission of enabling individuals to achieve financial independence through real estate investing. FI by REI’s projects include The House Hacking Podcast, an online show that promotes the practice of house hacking and how it can help homeowners improve their finances simply by making smarter housing choices.

You may access the podcast and additional details through the link above.

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About DAVIS BROWN Senior   PRC Agency

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Created on Jul 4th 2020 07:36. Viewed 217 times.


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