#245: Michael Lombardi - House Hacking for Real Estate Wealth: A Path To Success
Michael Lombardi was a house hacker before he’d ever heard the term! He realized that by buying a property with rental income, it would cost him less to carry the property than if he’d bought a cheaper property and was the only resident. His journey began in 2016 in Toronto, purchasing a house and adding 3 units to it. He currently owns 7 properties, and he and I discuss how house hacking works, what strategies to use, what to look for in a property, his mindset and daily activities to stay focused, the current state of the market and multiple offers, and whether interest rates will GO UP, yes go UP, and MUCH MORE! If you are stuck or looking for a new strategy and if you haven’t tried house hacking, TUNE IN!
Instagram: @certaincapital
This episode proudly sponsored by Rent Panda.
Rent Panda helps landlords go from listing to lease without wasted time or headaches along the way. Rent Panda provides the do it yourself landlord an online platform where you can list your property absolutely free. If you want to you can post your ad on multiple platforms, see tenant profiles, message tenants, schedule showings, get credit checks and build leases quickly and easily.
Rent Panda also caters to the more passive landlord who needs to find a tenant. doing all of the leasing work, so all you have to do is sit back, relax, and get the best tenants presented to you.
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