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Meet This House Hacking Real Estate Investor!

  Рет қаралды 37,035

BiggerPockets

BiggerPockets

Күн бұрын

Mike Glaspie is a real estate investor and BiggerPockes member who shares his story and deal of this house hack rental property!
www.biggerpock...

Пікірлер: 103
@ka.morgan7376
@ka.morgan7376 4 жыл бұрын
Nice homie. I'm starting my journey now. I'll see you at the finish line
@DonavanMcdabb
@DonavanMcdabb 4 жыл бұрын
💪🏾💪🏾
@saucyiwnl
@saucyiwnl 3 жыл бұрын
gl bro
@Rubydaqueen
@Rubydaqueen 4 жыл бұрын
Awesome 👌. I just bought ny first house hack a couple months ago. Looking forward to the journey
@Frommilitarytomillionaire
@Frommilitarytomillionaire 4 жыл бұрын
Mike Glaspie is good people, glad to see this video come out so well!
@jeremygaal9946
@jeremygaal9946 3 жыл бұрын
Love seeing fellow veterans making it happen.
@tyga2013
@tyga2013 4 жыл бұрын
Appericiate your compassion for the game Mike💯
@shorttermsage
@shorttermsage 4 жыл бұрын
WOOOO GO MIKE! Airbnb is definitely a game-changer. Good job Alex!
@supamadevu4512
@supamadevu4512 4 жыл бұрын
Nice to see starting ones in the journey, i myself started listening to the podcast like 8 years ago and has been a true educational experience. Recently did my 1st deal with pretty much no $$, and looking foward for the next.
@165carmelocruz
@165carmelocruz 4 жыл бұрын
Great video Mike. That pull up bar looks untouched.
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
Haha it’s gets a little love
@bigcitymao4657
@bigcitymao4657 4 жыл бұрын
This was great Mike !! Looking forward to more videos from you!!
@ChrisDAndrealifestyledesign
@ChrisDAndrealifestyledesign 4 жыл бұрын
As a first time investor in a house hacking deal (hopefully i’ll be closing on a property soon 🙏🙌) i’m rethinking if i should rent out the unit long term or if air bnb would make more sense?? long term rental has more stability and less headache, but the income from air bnb could be really useful!!
@YungDelirious
@YungDelirious 3 жыл бұрын
What did you end up doing?!!
@ZachAtaxx
@ZachAtaxx 3 жыл бұрын
Yeah what did you choose?
@YungDelirious
@YungDelirious 3 жыл бұрын
@@ZachAtaxx I wish this guy would answer us! Lol
@kelvinangel1056
@kelvinangel1056 2 жыл бұрын
So what did you end up doing
@ChrisDAndrealifestyledesign
@ChrisDAndrealifestyledesign 2 жыл бұрын
@@kelvinangel1056 long term rental!
@1.5Koreans0.5American
@1.5Koreans0.5American 4 жыл бұрын
Thank you for sharing!
@rchapoteau
@rchapoteau 4 жыл бұрын
Subject to in a military town is genius. I might have to think about this in San Diego.
@melansaloon
@melansaloon 3 жыл бұрын
I've recently started my house hacking journey here in San Diego - I've been reaching out to different lenders and RE agents. Go ahead and take your first step. You can do it too brotha man!
@playhousefilms368
@playhousefilms368 3 жыл бұрын
I have to think about this in Tampa.
@Jeremy-cb4rz
@Jeremy-cb4rz 4 жыл бұрын
Please make more videos like this! Very helpful!
@alexanderfelice
@alexanderfelice 4 жыл бұрын
this is the second of twelve already recorded, and starting to build ideas for another twelve. Feedback helps, thank you
@ntr6450
@ntr6450 4 жыл бұрын
How do you go about collecting rent payments in a pandemic/recession if a tenant no longer is able to pay rent?
@ikemonyemelukwe8478
@ikemonyemelukwe8478 3 жыл бұрын
Get a section 8 tenant.
@CalebsRightNut
@CalebsRightNut 3 жыл бұрын
You never invest and don't make $
@kylemasse634
@kylemasse634 Жыл бұрын
This strategy changed my life. My first house hack has increased my net worth by 300k in 3 years ( more than my day job). Second house hack the we just bought 1 Month ago. 5 bedroom house me and my wife and son and my wife is pregnant with our second are renting 4 bedrooms some to traveling nurses.
@lutonyajohnsontv6069
@lutonyajohnsontv6069 4 жыл бұрын
Inspiring.. Congratulations! I got next
@RobertHasty
@RobertHasty Жыл бұрын
That is awesome, I am curious since this was 2 years ago if he bought another hack?
@stockswithleah3590
@stockswithleah3590 4 жыл бұрын
Thanks for the info. I’m in stocks now trying to get into real estate as well ! 👍🏽
@TheFasterFreedomShow
@TheFasterFreedomShow 4 жыл бұрын
Great video! We buy between 150-200 houses a year and rehab about 60 of them. Never done a house hack though!
@undyingsonars
@undyingsonars 4 жыл бұрын
Lol
@bigperm5027
@bigperm5027 4 жыл бұрын
Excellent video. Thank you
@JeanDagobert
@JeanDagobert 4 жыл бұрын
Nice mike thank you 🙏🏾
@swilhelm3180
@swilhelm3180 Жыл бұрын
What is Bigger Pockets really after? How do they seek to make money?
@Obrien84
@Obrien84 4 жыл бұрын
Great video, my wife and I are looking for a duplex to house hack
@keenanedwards3505
@keenanedwards3505 4 жыл бұрын
the intro is excellent . great job to who ever made it
@misunderstoodkj
@misunderstoodkj 4 жыл бұрын
This was so good!!
@mikesaunders9493
@mikesaunders9493 2 жыл бұрын
I’m looking to get into real estate. I’m a super novice. On the surface I can’t understand why an Air B n B would generate a higher income than a long term rental. Can someone please explain? Thanks
@hungr4anime
@hungr4anime 3 жыл бұрын
Are there any success stories with house hacking in expensive areas like (New York, California (Bay area, LA, OC, SD areas), etc?
@bradhaughton6698
@bradhaughton6698 4 жыл бұрын
I would suggest not having that Wi-Fi picture frame out if it has your password on it
@raquelrosario1799
@raquelrosario1799 4 жыл бұрын
How much is the management costs and cleaning fees?
@big0514
@big0514 3 жыл бұрын
I don’t know cleaning fees but I know property managers run anywhere from 7-10%
@10X_Brain_Time
@10X_Brain_Time 3 жыл бұрын
House hack Income is Taxable ? Do you have to pay tax on the rent we get from Roomates
@stephenvincent61
@stephenvincent61 4 жыл бұрын
Curious how covid is affecting his Airbnb it’s really affecting where i live in Los Angeles
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
Surprisingly in this market, AirBnb has not been affected at all. We are still having 25/30 days booked every month
@supamadevu4512
@supamadevu4512 4 жыл бұрын
@@michaelsglaspie that's some godsend market, everywhere i see Airbnb for sale, even saw 8-15 rooms complex for sale to in the tourist areas. Nice to hear that few places still strong.
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
Supama Devu yea this market is uncharacteristically resilient to market fluctuations. I have heard that larger tourist cities like Nashville and Austin have taken a hit as well
@supamadevu4512
@supamadevu4512 4 жыл бұрын
@@michaelsglaspie i agree, happy that yours is working goood for you, eventually we'll all get back to normality.
@tyjameson7404
@tyjameson7404 4 жыл бұрын
Great vlog 👍🏼
@stanmoney8470
@stanmoney8470 Жыл бұрын
Airbnb is a good plan 👍🏿 . I'd like to make mines as passive as possible, but I'm not sure about trusting managers or co-host on Facebook. I might just use a property management C/O
@swilhelm3180
@swilhelm3180 Жыл бұрын
Short term renting is about as un-passive as you could get! But it also gives you the maximum return on your investment by far. Some people are paying their house off in 3 years! Most people take 30!
@claytonjames4779
@claytonjames4779 2 жыл бұрын
Everything I'd really like to know what in the area attracts travelers to want to stay at your Airbnb
@robustroofingcarolinas7907
@robustroofingcarolinas7907 4 жыл бұрын
Awesome I’m in Fayetteville, Nc as well
@janitoronfire
@janitoronfire 3 ай бұрын
Fayettenam
@OfficialDJBlackCard
@OfficialDJBlackCard 4 жыл бұрын
Great gems!
@ntr6450
@ntr6450 4 жыл бұрын
What if you aren’t able to find tenants?
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
That’s a risk all investors have to bare. Picking quality areas and pricing the homes right will help hedge that risk
@CalebsRightNut
@CalebsRightNut 3 жыл бұрын
What if the world explodes?
@RubenGarciaProvenByRuben1
@RubenGarciaProvenByRuben1 4 жыл бұрын
Yooooo! What's up Mike!
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
I’m excited for the premiere!
@moetheduck8894
@moetheduck8894 4 жыл бұрын
Eric Andrea
@user-cm9ij5cz3c
@user-cm9ij5cz3c 4 жыл бұрын
Army has so many benefits most of us dont get! VA loans and BAH
@sophiarickard94
@sophiarickard94 4 жыл бұрын
Hello, I’m looking to get involved in the REI meetings in Fayetteville NC. Do you have a good POC I can reach out to? TIA!
@alexanderfelice
@alexanderfelice 4 жыл бұрын
Hey Sophia I run a real estate meetup in Fayetteville called "Desert Rat Real Estate", we are on Facebook or you can DM me. (I am also the host of this show)
@SergeantKal
@SergeantKal 4 жыл бұрын
I love this Golden Arm legend!
@mattcollins4550
@mattcollins4550 4 жыл бұрын
Does that $1k/mo include your property manager? If not, how much does that cost?
@alexanderfelice
@alexanderfelice 4 жыл бұрын
property management in this area is 10% gross rents
@jessiewoodz
@jessiewoodz 2 жыл бұрын
What state/ city you hack in?
@overtonweathersby6424
@overtonweathersby6424 4 жыл бұрын
Thanks I appreciate the video. I have a question to ask. I been thinking about getting into real estate for a long time now, my situation kind of compares to yours. The only difference is that I am only 2 years into the Air Force. I am currently stationed in Tokyo Japan and I am 20 years old. Do you have any advice for me?
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
Save money where you can, find a side hustle to generate more income. Study as much as you can. You can either stack money until you get stateside and hit the ground running. Or find a turnkey company to invest in now. It has to be aligned with your end goal though. Check out bigger pockets forums
@swilhelm3180
@swilhelm3180 Жыл бұрын
Always be VERY close to your investment. Number one rule of money management.
@wjohnson6938
@wjohnson6938 4 жыл бұрын
Did you know that Air BNB homes are seeing a drop in sales due to covid -19?
@Trenttabor
@Trenttabor 4 жыл бұрын
Mine isnt, its doing really well.
@suntanlotionpotion
@suntanlotionpotion 4 жыл бұрын
Boom. Roasted.
@andygreggproperties1878
@andygreggproperties1878 4 жыл бұрын
My Airbnb’s are surprisingly thriving as well
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
My AirBnb isn’t experiencing any drops either. It’s doing better than all of my long terms as well
@SciFlyyTV
@SciFlyyTV 4 жыл бұрын
Apparently military town STR's aren't affected by COVID-19...good to know
@six6goddess214
@six6goddess214 3 жыл бұрын
Your smart and fine ✔
@matteo3893
@matteo3893 4 жыл бұрын
I don’t know who the hell you are
@franc587
@franc587 4 жыл бұрын
Didnt he say his name was freaking Mike?? Pay attention you!
@michaelsglaspie
@michaelsglaspie 4 жыл бұрын
Hey Matteo, I don’t know you either, but always looking to connect to more people. You can find me on all social media platforms and on BiggerPockets. Hope to talk to you soon
@alexanderfelice
@alexanderfelice 4 жыл бұрын
I think he means me, since I mentioned at the start that everyone knows me. 🤣🤣🤣 I'm a biggerpockets legend, now you know 😎😎
@matteo3893
@matteo3893 4 жыл бұрын
Alexander Felice glad to meet you!
@nimson50
@nimson50 3 жыл бұрын
This guy is good at telling a story, but this "deal" makes no sense. He say,s the home's max market value is 125k and then goes and pays around 130k, where's the deal? He's basically saying, just go out and buy any old house at over full market value and setup an AirBNB.
@Burntwaffle9699
@Burntwaffle9699 4 жыл бұрын
This looks like an ad for BiggerPockets, me no like it. Too much plugging.
@alexanderfelice
@alexanderfelice 4 жыл бұрын
I made this with love without their input, lots of plugging but only because I believe in this community and know it's value ♥️
@Burntwaffle9699
@Burntwaffle9699 4 жыл бұрын
Alexander Felice no problem, I enjoy bigger pockets as well, and have since 2013-2014
@kea5763
@kea5763 4 жыл бұрын
Property managers charge an ARM, and a LEG where I am. They also expect high priced repairmen. AND! If you don't watch them they're known to secretly rent it at times and secretly pocket the money and cheat you and these are licensed Brokers! Trust no no one, that's the general rule of thumb in my town. If you're lucky enough to live next door, or very close by you generally can/should do it yourself. Or, if you dare to hire one of the over priced & dishonest PM's, watch & keep track of the property's occupancy like a hawk!! And be prepared to Fire and sue them. Have fun! LOLOL We pronounce PITI AS: PEET-TEE in my region, lol! Petey=PITI
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