EP 322: Why You Should Consider House Hacking in Your 40's

biggerpockets entreprenuer househacking invester investing investor realestate womeninconstruction womeninfinance Nov 18, 2022

House hacking is one way to create passive income streams and fund a flexible retirement with the help of modern home-sharing platforms.

Today, Christine McCarron joins Liz and Andresa to talk about how you can start your career as a real estate investor with a house hacking business model. You don’t have to buy an expensive property to get started. You may rent out your home if it has extra rooms, a barn, or even a garage. Christine also shared how you can vet tenants and keep the business thriving without compromising your comfort.

Christine is a real estate agent, investor, author, mentor, and podcaster. She loves helping women to create a massive passive income stream and have more money, more options, and more fun!

 

Quotes

• “It's just so much easier with help, and I didn't know how much I didn't know until I actually started to ask for help.” (7:09-7:17)

• “You just have to really say to yourself, ‘How much interaction do I want to have with these people?’” (11:55-12:01)

• “Be 100% honest with yourself about your own personality. That's how you're going to have to decide how much privacy you're going to have to build into this situation.” (12:25-12:41)

• “Most people like things neat, clean, not so generic that you feel like you're in a hotel, but you know, bring a little of your personality.” (15:02-15:09)

• “I think it's always better to be a little bit pessimistic when you're running numbers.” (21:38-21:342)

• “I think you should be looking at your life and your pleasure and what's going to bring you joy, because at this point, maybe isn't all about the money.” (27:39 - 27:48)

 

Connect with Christine:

Website: ChrisMcCarron.com

LinkedIn: https://www.linkedin.com/in/bostonreguru

Facebook: https://www.facebook.com/christine.mccarron.10

Instagram: @BostonREguru1

Twitter: https://twitter.com/BostonREguru

 

Resources Mentioned:

 

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