It's crazy how he said, "I didn't go to college because I'm not smart enough" half-jokingly but look at this guy, he is house hacking at 22 setting his life up for success. It really proves that a college education does not dictate a person's intelligence or their potential level of success in life.
@Oop4594 жыл бұрын
I feel so proud of you and everyone who watched this vid and for getting started on creating generational wealth🌟💞✨we can do this guys!!🧡
@jj-bu6yb3 жыл бұрын
god bless you
@GrowthePiggyBank5 жыл бұрын
I house hack with a family of 4, soon to be 5. I can testify that it changed my family’s finances, is part of the reason we save 40% on 1 income, and makes us much closer to FIRE because of this one decision.
@GabeBult5 жыл бұрын
That's awesome!! So many people say you can't do house hacking or financial independence with a family but it's absolutely possible it's just a choice. Great job
@carlosc.56834 жыл бұрын
I also just had my 3rd daughter making us a family of 5 Living sacrificially on 1 income in order to save for a home. A few days ago I came across the option of house hacking. Does it really work? I wouldn’t want to invest in something and lose what we’ve worked hard for these past couple of years.
@familytreeinvesting66084 жыл бұрын
Awesome!! We are currently doing something very similar with our family of 3 (soon to be 4). We house hacked a single family house, and then progressed to house hacking two duplexes back to back. Can't get enough of it!
@familytreeinvesting66084 жыл бұрын
@@carlosc.5683 100% it works. We are currently doing something very similar with our family of 3 (soon to be 4). We house hacked a single family house, and then progressed to house hacking two duplexes back to back. Can't get enough of it! I am a big fan of side by side duplexes. I think they are perfect for house hacking because they provide more of a singe-family-home feeling, but you get the benefit of a renter helping pay your mortgage.
@jlovesj33352 жыл бұрын
yay!!
@maryconnell888 Жыл бұрын
Great video Gabe, got a lot out of this. My son is 18 just deciding about college and he's alot like you say you were here. As a mother this is great to see. Cheers big ears!
@alexp81065 жыл бұрын
8:19 video starts
@alexp81065 жыл бұрын
not putting him down, just providing cliff notes
@GabeBult5 жыл бұрын
Thanks Alex. Yeah i normal dont go this long was just trying to let some people know my back story and that really any normal person can do this
@alexp81065 жыл бұрын
At least for me you really explained those last steps well,. the strategy you used for your first purchase and what you'll be attempting on your second! Very awesome, myself I had about 20K saved, franchise would be great. I went some other routes though. I think what scares people the most about house hacking is that they're dealing with tons of cash which they don't have, wings credit financing, refinancing the whole ordeal, sounds overwhelming. But unlike those last steps you were talking about, didn't have the money you did the FHA loan add a percent and you were able to move in provided you stayed there a year and have 6 months backup financial storage. By the way great video great story great notes, and I'm surprised I found you with such little views and subscribers. Two things, what state major city are you in and have you heard of BiggerPockets podcast
@GabeBult5 жыл бұрын
yea thats true but its really not as scary or hard as people think onces you get started as long as your math is good and you did your research. im in manchester nh yes i used to listed to them a ton! lots of great info
@troyduffie38364 жыл бұрын
Thanks
@BrownCountyBuckeye4 жыл бұрын
I have kids that are currently 16, 17, and 19 (first year in college). I will be forcing them to watch this video in the week ahead to set themselves up for success down the road. Great info and I'm super glad you kept it real. This is something they can relate to, versus dad talking down to them about getting ahead in life early. Great presentation and fantastic info!
@GabeBult4 жыл бұрын
Absolutely! I hope it helps! Skipping collage and househacking can change your life not glamorous bit it's simple and works
@BrownCountyBuckeye4 жыл бұрын
@@GabeBult I've tried telling my oldest to do exactly that but she's am aspiring school teacher, chasing her passion. I can still get through to her about using the real estate investments as her path to wealth while she chases her passion. The other two are on board and we're full speed ahead! ,😁
@intothewoods1164 жыл бұрын
You need to stop saying you're dumb! You're obviously pretty smart!
@lobitopr4 жыл бұрын
I think he means college dumb. According to the intellectuals or “experts”. 😉
@main23334 жыл бұрын
Smart people think out side of the box. Don’t follow what the Matrix set up to keep us as sheep’s. To keep the elites rich.
@Shady5 жыл бұрын
Don't forget to refinance once you own 20% of the property to get rid of PMI.
@GabeBult5 жыл бұрын
i will for sure!
@dixiebell32534 жыл бұрын
Yes and that may simply be appreciation
@solo.life.travels72154 жыл бұрын
Can u explain that?
@XXX-cn7gj3 жыл бұрын
@@solo.life.travels7215 you have to have 20% equity before you’re able to refinance. In his case. 200,000 house. He needs 40,000 paid, refinance and he no longer has to pay that additional $160 a month. Also you can move out and rent that property after that equity and year of living there has been met. Rinse and repeat.
@solo.life.travels72153 жыл бұрын
@@XXX-cn7gj wowww, thanks so much !
@adamnaughty4 жыл бұрын
Thank u I’m 40 n I still don’t know what to do .... ur smart n seems a good person .
@QuesttoFIRE5 жыл бұрын
Awesome. I’d say you were incredibly smart in your early twenties. My 20s was completely a lost decade... at least financially. 😩
@GabeBult5 жыл бұрын
Thanks! It's just because I knew about this stuff if more people knew sooner they would too that's why I'm trying to share all this
@buddyo63995 жыл бұрын
@@GabeBult thank you bro i am 17 hoping to do this around the same time as you
@Kim.firsttimemomlife5 жыл бұрын
Jup same here 😂. Although I look back with a smile cuz I had a lot of fun in my student years
@AmericanWireman6 ай бұрын
I just found your channel last night, I've been looking Into getting into real estate but never took it serious, thanks for the motivation
@my2moneypits3 жыл бұрын
Dude thanks for making this video.. im 20 and buying a property in a couple years to me was intimidating but you dont make it seem so hard
@bandfight5 жыл бұрын
This was a good one. You went into detail on comparing FHA's and 20% down. Thanks for that!! Keep it up. Also can't wait to see your new place.
@GabeBult5 жыл бұрын
Thanks Bandfight! glad you enjoyed it! yea im hunting for it hope im able to find one soon
@CarlspacklerJr5 жыл бұрын
Your debt to income ratio also matters. I got pre-approved for an owner occupied FHA loan but it was on the low end because 1) I had a student loan payment and 2) I have a child support payment listed on my divorce decree that counts as debt, even though I have 50/50 custody and don’t actually pay child support. Now I have to go to court to have my decree amended. My credit score is really good but the debt to income ratio can work for you or against you
@codyleeser3925 жыл бұрын
Please do a video about finding tenants ( that are reputable and won't trash your property) and how to handle them if they don't pay on time.
@GabeBult5 жыл бұрын
Absolutely I'll be getting the next property soon and I'll show you exactly how I screen.
@ararefind90695 жыл бұрын
Yep every section 8 person who moves into my suburb gets thrown out within 2 months they don't pay their rent... And then they have to rehab the house again.. cuz it's! TRASHED..when they leave😖
@viator19874 жыл бұрын
@@GabeBult Save yourself a headache and use a service like TurboTenant (not advocating for them, just an example). There are many options that tenants pay to go through the process so you don't have to pay a dime. When you get a tenant, and you think they are the right fit. If your service only provides 1 credit check, say with Experian. Run their credit with another one for cross reference ever if you pay for it. Many times some creditors don't file with all 3 of the agencies (Equifax, Experian, and TransUnion).
@lilchef2930 Жыл бұрын
Very excited to start my journey by the end of college🎉🎉
@wonderbabetv50143 жыл бұрын
Wow! Thank you for sharing your insight. This is my goal for my first home which will happen by the end of 2021-mid 2022 as I am currently saving the for dp/reserves. Looking forward to watching your financial independence series!
@billb87925 жыл бұрын
Great video Gabe, I'm nearing the ready stage to pull the trigger on my first house hack. My goal is by end of next year. As a military veteran I do have the VA Mortgage available to me which could allow me to get into a house hack with $0 down and NO PMI, but the closing time could take 40 to 50 days and that might mean missing out on some good deals. If you haven't already maybe sometime you can talk about the First Look Initiative which can help aspiring home-buyers and house-hackers get in on good deals before the flippers with large amounts of capital snap them up.
@GabeBult5 жыл бұрын
thats awesome! thank you for your service. The VA is a great program and even if it does take longer to close i would do that then just get another deal with 20% later with all the money you saved lol for sure! ill be doing one on that soon! there are definitely some great programs and incentives for first time home buyers and some hacks ;)
@familytreeinvesting66084 жыл бұрын
My family and I are currently house hacking a duplex using a VA loan. Closing time in our experience was very similar to a conventional loan. We put 5% down to save a few dimes on the funding fee, but zero down is a great option too! Recently made a video about some of our house hacking experiences. I'm hoping to post a video soon about our experience with using a VA loan.
@danicegewiss8622 жыл бұрын
Our house was purchased as a fixer upper. It needed a lot. It's not something I'd recommend people do unless one of you is good at home renovation. My husband is a carpenter. We replaced the windows, kitchen, dining room, added a bathroom, replaced the other one, etc. In other words, we gutted it room by room. It's worth more than most of the homes on the block now. We may buy a multi family building next.
@jacobflores64792 жыл бұрын
I am 21 planning on getting my first investment property before I turn 23! I’m saving for down payment, closing costs, and reserves to house hack a small multi family in arizona! Excited! Pinching pennies right now to save as much as possible
@WilletteB3 жыл бұрын
You are an amazing entrepreneur. I wish I had done this as a younger person. Thanks so much for sharing your journey to financial freedom with us. Blessings! 🙂
@theshyone283 жыл бұрын
I' m Sorry I was soo behind on all this too. Glad to have learned so much from here.
@mathiashaugsb71005 жыл бұрын
200k$ for a multi family home?? Dayum, here in Norway a mini dual home goes for 5-600k$ and multi family homes for closer to 1millon $
@GabeBult5 жыл бұрын
I hear you I'm definitely in a different market but there are tons of different ways to house hack that don't involve buying multi families
@ararefind90695 жыл бұрын
Mooooooove
@familytreeinvesting66084 жыл бұрын
Come to Green Bay, Wisconsin! Homes are affordable and the cash flow is great. Recently made a video talking about the cash flow on one of duplexes. kzbin.info/www/bejne/eZ3Vcombpa-inbs
@familiaturcios20734 жыл бұрын
We almost did that in Piqua Ohio
@daisyfonseca3473 жыл бұрын
@@GabeBult I live Dallas and yes multi family homes are way to high here as well can you explain the different ways of house hacking that don't involve buying multi family Thanks in advance
@KWeisInvestments5 жыл бұрын
I can't wait to get our first duplex going to start looking in about a month.
@GabeBult5 жыл бұрын
Awesome!! Let me know if there is anything I can do to help!
@KWeisInvestments5 жыл бұрын
@@GabeBult I will deffinetely be in touch.
@MicahRion5 жыл бұрын
Best of luck, K. Weis!
@LuisC75 жыл бұрын
What happened?
@KWeisInvestments5 жыл бұрын
@@LuisC7 currently in the mortgage process
@stevenlam58413 жыл бұрын
Currently trying to get into house hacking before my lease with my apartment ends! Thanks for this
@jvaldez54 жыл бұрын
Congrats man I bought my first property at 23 while I was making good deployment money in the military it set me up nicely 13 years later
@katar90905 жыл бұрын
Thanks for your story about your early 20s... This is exactly what I plan to do and it's exciting that you already did it!
@GabeBult5 жыл бұрын
Absolutely. Anybody can follow these plans I'm definitely not the first and won't be the last
@byronsmessedupmind55464 жыл бұрын
This is exactly what I’m preparing myself for. Great video man 👍🏾
@solo.life.travels72154 жыл бұрын
Me too , at 33 lol
@bransonsims35474 жыл бұрын
How am I just finding your channel?! I wanna thank you for your transparency through your experience, I think you teach and explain things very well. You have a new subscriber. Keep up the good work. Looking forward to learning alot from this channel.
@GabeBult4 жыл бұрын
Glad you found me Branson! I learned a lot from this channel as well lol
@elo_8885 жыл бұрын
Thanks for sharing! Maybe you can do a video for top 10 or 20 cities/states to house hack for cheap but not a boring place?
@GabeBult5 жыл бұрын
I'll have to look into that! There's so many different ways to do it though you could do it in the most every city besides the major ones
@elo_8885 жыл бұрын
Gabe Bult definitely! I live in the Bay Area and want to achieve financial independence but it’s tough here. Everyone near my age is priced out! Gotta find a new place to call home!
@GabeBult5 жыл бұрын
yea the prices are insane there
@MicahRion5 жыл бұрын
I grew up in the Bay so I know what you mean, Elo! I decided to move away and I pay a lot less in rent than my friends back home do, which is worth the move for me.
@elo_8885 жыл бұрын
@Healing Touch with Julia thanks for sharing! What cities were your choices and where did you end up going?
@MicahRion5 жыл бұрын
This is awesome and very encouraging! I’m working my first job out of college and learning a lot about personal finance along the way (thanks to KZbin). I’m excited to do this too once I’m in the place I want to settle down in!
@GabeBult5 жыл бұрын
awesome! this is by far the number one thing i recommend to my friends it just makes a huge differance
@lostathenian18365 жыл бұрын
You sound like me. I'm 15, and you're describing almost exactly what I've been planning on doing. Subscribed!
@GabeBult5 жыл бұрын
Awesome man keep it up! Thanks for subscribing
@javielismariamatos30064 жыл бұрын
@@GabeBult qdyjkgoi
@samc94834 жыл бұрын
hey bro, judging by the age of this comment I’d guess you’re around 16 now, which is my age! Do you wanna trade contact details like snapchat or email etc, I think it would be really cool to have someone my age to talk about this stuff with, what do you think?
@thegentleman033 жыл бұрын
@@samc9483 I'm 17 and I'm so hooked on investing just don't know how
@Joeyatw3 жыл бұрын
@@thegentleman03 u should both get into stocks to double ur savings because u should not let money sit since inflation will destroy its value. After u double ur savings or more u can put it in on a down payment on a crib. Investing in apple is super smart since it’s value is about to double. Right now it’s at $120 and it’s going to atleast go to $200
@ararefind90695 жыл бұрын
I like to hear all the old fashioned houses there I live in that type of suburb too..100 year + Houses 💕
@hckarrh5 жыл бұрын
Great video man! Always enjoy them
@GabeBult5 жыл бұрын
Thanks Harrison! Really appreciate it 😊
@ethanshenk64684 жыл бұрын
“Worked for my dads company” Man I wish I had connections. Luckily after years of hardcore searching I found a small opportunity and actually make more than 10$ an hour
@JuiceisGood3 жыл бұрын
Very nice! What do you do for your job?
@Flips4Miles2 жыл бұрын
Awesome video and story, thanks for sharing
@johnlewisofficial5 жыл бұрын
My wife and I are currently house hacking a duplex, also your video is super clear, I may have to look into that camera that you're using. Right now I use either my phone S10 or my Sony NEX 5R when I'm shooting video, but yours is really clear. Thanks for the vid, you also got a new subscriber....thx bro...
@craigcraft26853 жыл бұрын
Great stuff bro! 23 here just married and we are planning on house hacking in the future
@IKLDURKAT5 жыл бұрын
Good video. Just based on the terms you mention I bet you also listen to bigger pockets. I just bought my first house hack, currently living for $400/month, where the average rent is $1400/month.
@GabeBult5 жыл бұрын
Absolutely that's where I learned a lot of my initial information it helped me so much! That's awesome Michael !
@theeballer64293 жыл бұрын
Do you have any videos on tips about listing your property on sites like Zillow, Redfin, 21st century realtor, etc...? I want to make sure I don't overpay for their listing services. Great and informative video btw!!!
@ElYuyuBoxing4 жыл бұрын
Great video, thanks for sharing your story it’s very motivating!
@GabeBult4 жыл бұрын
Glad you enjoyed it!
@Elusive_Pete4 жыл бұрын
Pause on any frame of this video. You will see either Dane Cook or Heath Ledger.
@adenbrust4 жыл бұрын
Just subscribed from my recommended page! I’m 17 and I have almost the same plan! I want to get my real estate license when I turn 18 and start by house hacking and then transition to brrrr strategy, I also am starting a real estate photo video and 3D business because I am a photographer
@GabeBult4 жыл бұрын
Awesome 👍 keep it up
@lathancram51845 жыл бұрын
I’ve always wanted to do this. Duplexes are very few and far between, at least where I live. But I’m not giving up.. I’m going to keep searching. I may just have to move.
@Munchkinbaby7773 жыл бұрын
First time i looked into investing I was 20 yo. Due some issues that were going on at the tiime i stopped that, lost some cash,but earned a habit of organising my finances every month. 5 years later, I got some time and I'm back on track! I got some money seved and ideas. Time to create space for my wealth and keep on learning! This time with more experience and confidence. Wish you guys all the best!
@adrianadetrinidad9014 жыл бұрын
Gabe, stop saying you’re dumb. Yes, university and college prepares people to form analytical and thinking skills. But you have found a way to support yourself financially. If you ever do choose to go back to school, you probably will have the savings to pay for school. You wouldn’t even have to ask for a student loan. That right there, my friend, is smart.
@drumdad12425 жыл бұрын
Amazing information! Truly life changing!
@mabus49102 жыл бұрын
Where I am living, a 1,000 sqr foot flat costs about a million dollars. On average, property prices are rising by 5% a year. That means the price is rising by 50,000 dollars a year. Young people would have to save over 100% of their salary just to save up for the annual price increase. It's important to note, that while saving money and start early are usually good advice, depending on where one is living, or what the living conditions are, it is not always possible.
@AnaGarcia-fh7iw5 жыл бұрын
Thanks for the video!
@GabeBult5 жыл бұрын
Glad you enjoyed it!
@0bbie6104 жыл бұрын
That's fuckin awesome hahah. Just finished rich dad poor dad and I'm so damn ready to do this exact thing.
@LemonyFresh20005 жыл бұрын
I always feel as if I have learned something useful after watching your videos. I'm 18, and just graduated highschool. I'm going to go to school to become a teacher, and I'll automatically get in my first year for $40,000 (central florida in case you were wondering who is screwing over their teachers) so hopefully I can use your tips to save some money for the probably decade or so I teach, and then once I have a degree is psychology which is what I'll be going for afterwards, and I plan on using your tips on general frugal living to put away as much money as I can, and maybe once I am a psychologist or whatever I decide to do in the feild of psychology generally, or even before that if I have enough money, I can do a bit of the house hacking till I start a family and have those properties flow money into my bank account hopefully indefinitely. But if the housing market crashes, and I have the money for it, once it reaches cheap for me to do it even if it is much later, I could buy a few houses and make money off of it. Thank you for all of your advice.
@GabeBult5 жыл бұрын
That's awesome! I don't think you'll have to wait that long for a house hack. I was only making about that much a year before I got mine because of the FHA you needs very little down. Even 40 thousand a year you could save it 15-20k in in 2 years Definitely keep me updated! If there's anything I can do to help let me know
@kimvannatter52142 жыл бұрын
Young not dumb 🙂 you had that level of self awareness and intelligence to not just go with the flow and make huge life decisions like dumping tons of money into an education that you don't know what to do with. I got an AAS Accounting Assistant degree, turned out to be more valuable in side hustle work.
@rekt36515 жыл бұрын
Thank you for making this!
@GabeBult5 жыл бұрын
Glad you enjoyed it
@liliamrodriguez30203 жыл бұрын
Great video thanks
@j2design4 жыл бұрын
great video. as far as location are you looking to stay close to your current property? how did you choose what neighborhood to focus on?
@nicholasdavid7474 жыл бұрын
Great video! I I did something similar with my college property this past year.
@GabeBult4 жыл бұрын
Awesome!
@vaL-kv6uy3 жыл бұрын
Thanks for sharing your tips. You mentioned you knew how to work the numbers to know enough if it's a good investment. You sound smart on that - Please let us know how to learn that as well. Properties there are really cheap $200k. Here at the San Francisco bay area, the prices are way. more exorbitant. Where are you located? so maybe I can finally own a property now that I'm closer to retirement age and the prices here keep going up.
@JG-qy6fe4 жыл бұрын
You are a living example of the goal of Sanathana Dharma : To achieve Mukti ( Ultimate Freedom)!! To be free of all these bondages that current soceity is trying to push you into..
@instar64274 жыл бұрын
Old vid but you talked about making $1,000 cashflow from that property when you move onto the next. How do you find properties that cash flow that much? I'm looking in my area and can't find something that cashflows at all let alone cashflow $1,000 a month. Maybe I am calculating it wrong. How do you calculate/find properties that cash flow?
@bullbear11135 жыл бұрын
Great video
@jenniferg32515 жыл бұрын
Great video. Very encouraging!
@GabeBult5 жыл бұрын
Thank you really appreciate it that was the whole point. it's really doable for anybody and has helped me so much!
@jenniferg32515 жыл бұрын
@@GabeBult I live in one of the most expensive areas, San Diego, and kind of gave up on buying a place. I'm going to save and see if anything is affordable when the market drops, or might look in investing somewhere else. We'll see.
@GabeBult5 жыл бұрын
@@jenniferg3251 thats hard. might be better to invest somewhere else or do a different form of house hacking depending on your situation
@alexballew4 жыл бұрын
You just have to get over the initial hurdle of affording the down payment. Then it's game time!
@kristymichas70155 жыл бұрын
Brilliant !!!! Thank you
@buzzweebee86855 жыл бұрын
$200 000 would buy a nice shed around here...
@GabeBult5 жыл бұрын
Yeah I'm definitely in a lower-end market but there are different ways to do it in more expensive markets such as rent hacking
@travelfun35135 жыл бұрын
Nice video. You got smart young
@GabeBult5 жыл бұрын
Thanks Sonya. Well young at least lol
@noy61844 жыл бұрын
Thank u. U inspired me
@olivianichole2884 жыл бұрын
Thanks for putting yourself out there and sharing this helpful info for us young folks who always feel like we cant do anything cause we broke lol....well at least I am
@GabeBult4 жыл бұрын
Glad you got some value! It doesn't take much to really change your life just some decisions early on
@certifiedbyahero54405 жыл бұрын
New subscriber from philippines
@GabeBult5 жыл бұрын
Philippines? that's awesome! thanks kert!
@What_was_wrong_w_jst_our_names5 жыл бұрын
Not to be all sassy I realize your relatively new to KZbin but if your going to make all these cuts, keep your audio consistent
@GabeBult5 жыл бұрын
Thanks I absolutely agree I had some problems with this one lol
@angejolie6385 жыл бұрын
Most realist video ever.
@cayb103 жыл бұрын
Inspiring
@susanlewis19535 жыл бұрын
Sorry your video answered my query - cheers
@GabeBult5 жыл бұрын
👍
@mjdahlberg57403 жыл бұрын
Were you limited on the choice of properties that were accepted for an FHA loan? Were there more specific qualifications the property had to abide by? Since it’s a government insured loan? Up to codes and safety? When I bought my first property I found myself extremely limited with the properties available to me if I had chosen and FHA loan. Which is why I ultimately went with conventional. It’s hard to find FHA insured multi family properties in my area. I’m about 30 minutes north of you in the lakes region area.
@GabeBult3 жыл бұрын
I didn't really have any problems and the one I got was kinda a wreck u just can't have chipping lead paint ect
@OfficialEj14 жыл бұрын
Nice video man. I live in MA actually 30 mins from Manchester Nh. The market here is pretty bad a 3 family house around me are about 500-600k and neighborhood not that good. I would actually move to NH also, are there more similar to yours a 3 family for 200-350k? Looking to buy first home in the next yr
@NickM115612 жыл бұрын
Your "I'm not smart enough" comment when you were talking about college was ridiculous. College is so overrated unless you want to be an engineer or other high paying careers.
@susanlewis19535 жыл бұрын
Are you going to put down 20% on the next house hack? Love your videos. 😀
@GabeBult5 жыл бұрын
Lol yup that's the plan so I can start reusing my money
@alexp81065 жыл бұрын
I will talk a little bit about your renters in the methods you used to keep up with rent
@GabeBult5 жыл бұрын
sure ill be covering that at some point soon. for one property its pretty easy gets a little more complex with more propertys
@juli64972 жыл бұрын
I don't know if it's been said, but if you get your balance down below 20% you can get that PMI dropped.
@Arygold3 жыл бұрын
how did you get approved for a loan with such a low income ? awesome video and helpful by the way!
@maryngshwuling99164 жыл бұрын
You are very wise 😊
@ibnmusaa3 жыл бұрын
4:01 the most peaceful laugh
@sihlemasondo28983 ай бұрын
Very gud content thank u. Stocks have no stock hacking so this proves that real estate is the best investment vechile
@idkthes3 жыл бұрын
Which state do you reside? I’m in CT tax property here is wild! So hard to find a deal even with house hack.
@My.Mylabear4 жыл бұрын
Hey Gabe, where did you get your license (real estate license) and how long did it take? Or were you specifically talking about your drivers license? I also live in Canada and am very much interested in getting into real estate
@GabeBult4 жыл бұрын
it was my real estate license it took like 6 or 8 weeks and is like $500
@My.Mylabear4 жыл бұрын
@@GabeBult Thanks Gabe. Which website did you go to get licensed? I'm looking at OREA's website and one course [out of 5] costs 575 alone. Each course ranges from 450-600 CDN. Not sure how you were able to get it for $500.
@lindsayoverseas2 жыл бұрын
What about property tax? Sometimes it costs just as much as rent would.
@alexisascencio93973 жыл бұрын
Did you purchase the investment prop. as an agent? I am strongly considering moving out of state and getting licensed there and at the same time househacking all at the same time. But where I currently live is such a strong market for r.e. we shall see. Great video btw. best of luck!
@GabeBult3 жыл бұрын
I did but you definitely don't need to be an agent to start investing in your real estate
@emericlebrun40313 жыл бұрын
I wish to know how to do the same. Running the numbers
@noy61844 жыл бұрын
Gabe, i would like to hear you thought about this if it would be good choice or bad for me, i found duplex 1996 cost $289K, they are rented out for $1100 each so cash flow before expenses but if i would move in and do owner occupied i would pay about $1800 month ( if have to put down 15K little over 5%) i only see cash flow for $400 month, would that be good deal? it is very hard to find duplex around here. i don't have much cash to do 20% down
@GabeBult4 жыл бұрын
Send me a message on Instagram or Facebook
@noy61844 жыл бұрын
@@GabeBult ok,
@dannysze81835 жыл бұрын
it is funny to understand the cultural difference between American and Chinese. My parents pay everything for me eg. car, house, college tuition. I still live with my parents and I am very happy about that. My dad will leave me 3 million inheritance and I'm basically retired at the age of 40. :) I like my dad a lot.
@GabeBult5 жыл бұрын
That's great! Yeah it's very different everywhere in some places when I make would be a lot and others it is nothing. The whole point is happiness
@dannysze81835 жыл бұрын
@@GabeBult to be honest, I'm not proud of my net worth because it is inheritance. However, it does give me luxury not to work for someone else and I am a minimalist and so I do not buy things. I wish you reach your financial goal soon or already and enjoy your life! it is so good not to deal with nasty boss and colleagues. :)
@detoxlady67775 жыл бұрын
In Chinese culture you will care for them when they are old.
@takchengsze47195 жыл бұрын
@@detoxlady6777 it is cool. I care for my parents. I consider my dad as one of my best friends. My mom.. hah..
@m.williams34975 жыл бұрын
Crazy, definitely different
@rachelellis84164 жыл бұрын
So what do you do now for a living? Other then KZbin?
@tiffanyonwudinanti5 жыл бұрын
I’m looking to go into college very soon here (next fall). With me most likely using a FASFA loan, do you think it’s wise to also purchase a Duplex/home and house hack even though I’d be in college ?
@GabeBult5 жыл бұрын
If you can I would absolutely try to depending on your circumstances in the price etc but if you're in a good financial position living for free or having some income wouldn't hurt anything
@melissaluis30075 жыл бұрын
Why wouldn't someone living in a bigger city (ex.Miami) take the same approach? (FHA loan + house hack)
@GabeBult5 жыл бұрын
Sometimes with more expensive houses the numbers just don't work and you have to use a different method if you start getting into multimillion-dollar buildings it gets tricky and you might have to do rent hacking or something like that depending on how much money you have
@RafiedHashim4 жыл бұрын
good vid
@Trevonious954 жыл бұрын
Hmm yeah nicen easy savings there bruv
@downbntout2 жыл бұрын
"House Hacking"? Teach how to "run the numbers"? How to screen renters? How to qualify for an FHA? How to find a REA who will mentor?
@valentinab25443 жыл бұрын
nice, i’m 19 and my 2021 goals is to save most of my income which should be easy because I have no debts and I work, and live with my parents. My goal is to house hack !!! can’t wait to see my journey I’m also working on my credit
@chrismatthews29045 жыл бұрын
What website do you look at for buying property or do you just look at local real estate??
@GabeBult5 жыл бұрын
Well I'm a real estate agent so I look on the MLS or when I wasn't an agent I talked to a realtor and they set me up for emails of new peropertys
@blanco13013 жыл бұрын
What city is this it looks beautiful
@jakeplayer234 жыл бұрын
Im 23 man and my first year in, but mine is a 5 bedroom and I live in one of the bedrooms! Working great so far, I plan on getting another in May or June :) Really appreciate you putting this out there, it's amazing what it can do!!
@GabeBult4 жыл бұрын
That's awesome! If I was single I would do the exact same thing
@influenceince4 жыл бұрын
What kind of financial reserves do you have in the event of needing new roof, earthquake damage, tenants have bad plumbing, etc... So when shit happens, you don't stress about huge repairs?
@GabeBult4 жыл бұрын
Usually I try to keep ten thousand for each property
@darylsmith93185 жыл бұрын
Cool video Gabe! Were you walking around Manchester?
@GabeBult5 жыл бұрын
Thanks Baz. Yes I was
@darylsmith93185 жыл бұрын
@@GabeBult haha thought I recognized it :)
@ararefind90695 жыл бұрын
@@GabeBult Ha, now I know where those houses are ,you walked by. But, they're only $20,000 Where I live in suburb of Chicago ...
@PebbleBeachLife5 жыл бұрын
What camera are you using? I'm interested in buying, but not sure what..
@GabeBult5 жыл бұрын
It should be in the description of most of my videos I use two different cameras
@PebbleBeachLife5 жыл бұрын
@@GabeBult thank you! I'm considering it only because you are using it 😁 looks like an incredible deal! Appreciated
@GabeBult5 жыл бұрын
Idk if they are the best but I like them lol
@PebbleBeachLife5 жыл бұрын
@@GabeBult that's good enough for me. I dig your channel so much!