House Hacking a Single Family Residence.

🏡 Welcome to our latest video where we explore the art of house hacking a single-family residence! 🚀 Discover the secrets of real estate investing and how you can turn a single property into a source of passive income. From practical tips to financial strategies, we've got you covered. Join us on this journey to financial freedom and learn how to make your home an investment asset! 💰✨ #househacking #realestateinvesting #financialfreedom #trendingvideo #viralvideo #newvideo #realestate
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If there ever was a house hacking expert here on RUclips, it's gotta be me! Lol! How can I help you?
1) Schedule a call with me here to discuss: calendly.com/j...
2) Apply for a mortgage loan here: www.jefftrevarthen.com
3) Check out my other resources here: linktr.ee/jeff...
Explore the endless possibilities of house hacking a single family residence! 🏡💰 In this video, we'll dive into:
🏠 Converting a Basement: Learn how to turn that basement into a rentable space, boosting your income.
🏢 ADU Creation: Discover the world of Accessory Dwelling Units (ADUs) and how they can generate rental income.
🏘️ Room Rentals: Maximize your space by renting out individual rooms to tenants.
🏡 Short-Term Rentals: Explore the potential of Airbnb or vacation rentals for added cash flow.
💼 Mortgage Offset: See how house hacking can help you cover your mortgage, and then some!
🔑 This video is your guide to leveraging your single family residence for financial freedom. Watch now and start your journey toward smart real estate investing! 📽️💵
#jeffthemortgagepro #jefftrevarthen #househacking #realestateinvesting #propertyinvestment #rentalincome #financialfreedom #homeownership #passiveincome #investmentproperty #realestatetips #cashflow #realestatestrategy #incomeproperty #realestatewealth #mortgagetips #singlefamily #realestatesuccess #roi #realestateportfolio #homeinvesting #smartinvesting

[@JefftheMortgagePro]

Got a house hack you need to run by someone? Let's chat here: calendly.com/jeff-trevarthen/15-min-call

[@LateStartWealth]

Content was good, nice overview. I could live without the background sound but I gave you a thumb up for content.

[@JefftheMortgagePro]

Thanks for the feedback!

[@michellewilson6575]

what insurance carrier will cover me the homeowner of my primary house WHERE I LIVE, while I'm house hacking? I have an HO-3 but I allowed 3 people to move in. I need some kind of liability coverage. They all agreed to get renters insurance but I need landlord insurance for liablity purposes and my insurance company said they would cancel me immediately. Renters won't cover me for liability if my guest or their friends get hurt in my home.

[@JefftheMortgagePro]

Very good point! One of the drawbacks of house hacking a single family residence.

[@IanTuckerCoaching]

Great video, house hacking is a great way for people to get started in real estate investment!

[@JefftheMortgagePro]

Thank you!

[@Emanuelethio]

i want to house hack induvidual rooms in my house. Is there any insurance i can get to protect me, ? also, is there a law on how many rooms you can rent inudvidually? thanks

[@JefftheMortgagePro]

Not sure about insurance but you can rent as many rooms as you want.

[@Emanuelethio]

@@JefftheMortgagePro thanks for the response, some area have restrictions on how many rooms you can rent out

[@michellewilson6575]

@@Emanuelethio Emmanuel if you have o regular homeowners policy called an Ho3 you are not supposed to rent rooms so just stay quiet and don’t tell anyone like your insurance company or you will be canceled bc it happened to me. Renters insurance covers their stuff not your liability. Ask another carrier like travelers if they can sell you landlord policy and tack onto your homeowners if you switch to them

[@Emanuelethio]

@@michellewilson6575 thanks a lot for that advice. If I tack on another policy, do you think it shall be very expensive? Per month. Can I email you a few more questions?

[@michellewilson6575]

@@Emanuelethio no one is going to insure you. Just Google the question. You can only do short term rentals on your primary home that you live in. That’s called home sharing insurance offered by some carriers. That’s 30 days or less like air bnb Google home sharing. I house hack but don’t have liability. Just my regular homeowners policy. I need extra liability in case I get dropped. So far haven’t found long term lease insurance on primary home bc it doesn’t exist. No one reveals that not even padsplit. RUclips padsplit