Explained: How can a millennial get into real estate investing? (Grant Sabatier) ПРОГРАММА ПО СНИЖЕНИЮ ПРОЦЕНТОВ ПО ИПОТЕКЕ

In this episode, Robert talks to Grant Sabatier about how millennials can get into real estate.

Robert Leonard:
Now, in regards to real estate, it seems that many millennials think they’re not able to buy a house or they can’t invest in real estate. I mentioned that briefly before, but can you give specific examples of how a millennial can get involved with real estate?

Grant Sabatier:
Yeah, absolutely. There’s a really great book that just came out by Craig Curelop called The House Hacking Strategy. And it’s an incredible book. He’s like, I think he’s 26. He’s already reached financial independence. He has three properties. He breaks out step-by-step-by-step-by-step exactly what he did. It’s an absolutely incredible book. And there’s so many different ways to do it. It’s like I often recommend, put 5% down instead of 20%. You know, one of the biggest myths is that you need 20% down payment and so people save for years and years and years to get that 20% down payment. And then they’ve either a.) been priced out of the market, or b.) they’ve waited too long to take advantage of the appreciation opportunity.

So in a lot of cases, if you live in a city, even if you don’t live in a city, put down 5% when you have the money, invest in real estate. Start that appreciation growing and start small. I mean, it’s like anything in life, you’re going to get a little bit more comfortable with it, you’re going to buy an apartment, never buy a studio or one bedroom, they just don’t appreciate it as fast. Buy two, three or four bedroom and then rent out the other rooms to cover the cost your mortgage. That’s something that most people can do.

You don’t have to do it forever, especially when you’re young, buy that three bedroom apartment, rent out the other two rooms, two roommates for a couple years. What you’re going to do is you’re gonna be paying down your mortgage, you’re going to have more money to invest because you’re not paying it to your mortgage. So then you can save up enough to buy a second property and then do the same thing. Rinse and repeat. You know, within three to five years, you’ve got three properties that are helping support your life. So I would definitely recommend checking out that book. It’s really, really worth the read.

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