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.morgan73764 жыл бұрын
Nice homie. I'm starting my journey now. I'll see you at the finish line
@DonavanMcdabb4 жыл бұрын
💪🏾💪🏾
@saucyiwnl3 жыл бұрын
gl bro
@Rubydaqueen4 жыл бұрын
Awesome 👌. I just bought ny first house hack a couple months ago. Looking forward to the journey
@Frommilitarytomillionaire4 жыл бұрын
Mike Glaspie is good people, glad to see this video come out so well!
@jeremygaal99463 жыл бұрын
Love seeing fellow veterans making it happen.
@tyga20134 жыл бұрын
Appericiate your compassion for the game Mike💯
@shorttermsage4 жыл бұрын
WOOOO GO MIKE! Airbnb is definitely a game-changer. Good job Alex!
@supamadevu45124 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.
@165carmelocruz4 жыл бұрын
Great video Mike. That pull up bar looks untouched.
@michaelsglaspie4 жыл бұрын
Haha it’s gets a little love
@bigcitymao46574 жыл бұрын
This was great Mike !! Looking forward to more videos from you!!
@ChrisDAndrealifestyledesign4 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!!
@YungDelirious3 жыл бұрын
What did you end up doing?!!
@ZachAtaxx3 жыл бұрын
Yeah what did you choose?
@YungDelirious3 жыл бұрын
@@ZachAtaxx I wish this guy would answer us! Lol
@kelvinangel10562 жыл бұрын
So what did you end up doing
@ChrisDAndrealifestyledesign2 жыл бұрын
@@kelvinangel1056 long term rental!
@1.5Koreans0.5American4 жыл бұрын
Thank you for sharing!
@rchapoteau4 жыл бұрын
Subject to in a military town is genius. I might have to think about this in San Diego.
@melansaloon3 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!
@playhousefilms3683 жыл бұрын
I have to think about this in Tampa.
@Jeremy-cb4rz4 жыл бұрын
Please make more videos like this! Very helpful!
@alexanderfelice4 жыл бұрын
this is the second of twelve already recorded, and starting to build ideas for another twelve. Feedback helps, thank you
@ntr64504 жыл бұрын
How do you go about collecting rent payments in a pandemic/recession if a tenant no longer is able to pay rent?
@ikemonyemelukwe84783 жыл бұрын
Get a section 8 tenant.
@CalebsRightNut3 жыл бұрын
You never invest and don't make $
@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.
@lutonyajohnsontv60694 жыл бұрын
Inspiring.. Congratulations! I got next
@RobertHasty Жыл бұрын
That is awesome, I am curious since this was 2 years ago if he bought another hack?
@stockswithleah35904 жыл бұрын
Thanks for the info. I’m in stocks now trying to get into real estate as well ! 👍🏽
@TheFasterFreedomShow4 жыл бұрын
Great video! We buy between 150-200 houses a year and rehab about 60 of them. Never done a house hack though!
@undyingsonars4 жыл бұрын
Lol
@bigperm50274 жыл бұрын
Excellent video. Thank you
@JeanDagobert4 жыл бұрын
Nice mike thank you 🙏🏾
@swilhelm3180 Жыл бұрын
What is Bigger Pockets really after? How do they seek to make money?
@Obrien844 жыл бұрын
Great video, my wife and I are looking for a duplex to house hack
@keenanedwards35054 жыл бұрын
the intro is excellent . great job to who ever made it
@misunderstoodkj4 жыл бұрын
This was so good!!
@mikesaunders94932 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
@hungr4anime3 жыл бұрын
Are there any success stories with house hacking in expensive areas like (New York, California (Bay area, LA, OC, SD areas), etc?
@bradhaughton66984 жыл бұрын
I would suggest not having that Wi-Fi picture frame out if it has your password on it
@raquelrosario17994 жыл бұрын
How much is the management costs and cleaning fees?
@big05143 жыл бұрын
I don’t know cleaning fees but I know property managers run anywhere from 7-10%
@10X_Brain_Time3 жыл бұрын
House hack Income is Taxable ? Do you have to pay tax on the rent we get from Roomates
@stephenvincent614 жыл бұрын
Curious how covid is affecting his Airbnb it’s really affecting where i live in Los Angeles
@michaelsglaspie4 жыл бұрын
Surprisingly in this market, AirBnb has not been affected at all. We are still having 25/30 days booked every month
@supamadevu45124 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.
@michaelsglaspie4 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
@supamadevu45124 жыл бұрын
@@michaelsglaspie i agree, happy that yours is working goood for you, eventually we'll all get back to normality.
@tyjameson74044 жыл бұрын
Great vlog 👍🏼
@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 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!
@claytonjames47792 жыл бұрын
Everything I'd really like to know what in the area attracts travelers to want to stay at your Airbnb
@robustroofingcarolinas79074 жыл бұрын
Awesome I’m in Fayetteville, Nc as well
@janitoronfire3 ай бұрын
Fayettenam
@OfficialDJBlackCard4 жыл бұрын
Great gems!
@ntr64504 жыл бұрын
What if you aren’t able to find tenants?
@michaelsglaspie4 жыл бұрын
That’s a risk all investors have to bare. Picking quality areas and pricing the homes right will help hedge that risk
@CalebsRightNut3 жыл бұрын
What if the world explodes?
@RubenGarciaProvenByRuben14 жыл бұрын
Yooooo! What's up Mike!
@michaelsglaspie4 жыл бұрын
I’m excited for the premiere!
@moetheduck88944 жыл бұрын
Eric Andrea
@user-cm9ij5cz3c4 жыл бұрын
Army has so many benefits most of us dont get! VA loans and BAH
@sophiarickard944 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!
@alexanderfelice4 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)
@SergeantKal4 жыл бұрын
I love this Golden Arm legend!
@mattcollins45504 жыл бұрын
Does that $1k/mo include your property manager? If not, how much does that cost?
@alexanderfelice4 жыл бұрын
property management in this area is 10% gross rents
@jessiewoodz2 жыл бұрын
What state/ city you hack in?
@overtonweathersby64244 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?
@michaelsglaspie4 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 Жыл бұрын
Always be VERY close to your investment. Number one rule of money management.
@wjohnson69384 жыл бұрын
Did you know that Air BNB homes are seeing a drop in sales due to covid -19?
@Trenttabor4 жыл бұрын
Mine isnt, its doing really well.
@suntanlotionpotion4 жыл бұрын
Boom. Roasted.
@andygreggproperties18784 жыл бұрын
My Airbnb’s are surprisingly thriving as well
@michaelsglaspie4 жыл бұрын
My AirBnb isn’t experiencing any drops either. It’s doing better than all of my long terms as well
@SciFlyyTV4 жыл бұрын
Apparently military town STR's aren't affected by COVID-19...good to know
@six6goddess2143 жыл бұрын
Your smart and fine ✔
@matteo38934 жыл бұрын
I don’t know who the hell you are
@franc5874 жыл бұрын
Didnt he say his name was freaking Mike?? Pay attention you!
@michaelsglaspie4 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
@alexanderfelice4 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 😎😎
@matteo38934 жыл бұрын
Alexander Felice glad to meet you!
@nimson503 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.
@Burntwaffle96994 жыл бұрын
This looks like an ad for BiggerPockets, me no like it. Too much plugging.
@alexanderfelice4 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 ♥️
@Burntwaffle96994 жыл бұрын
Alexander Felice no problem, I enjoy bigger pockets as well, and have since 2013-2014
@kea57634 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