266: Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes

Real Estate Rookie

If you live in a high-cost-of-living area, a house hack could solve many of your money-related problems. Sharing your living space isn’t always easy, but with a few simple tricks, you can make it more than worth your while. From subsidizing your cost of living to generating cash flow while you’re still staying at the property, house hacking has some almost unbelievable benefits that ANY investor can capitalize on. And Ashley and Tony have some great tips to share!

Welcome back to this week’s Rookie Reply! Whether you’re a homeowner, landlord, or both, you’ll want to hear our hosts’ tips for preventing frozen pipes and what to do when it happens anyway. We also explore unpermitted rental property renovations, the nuances of buying properties that are for sale by owner (FSBO properties), and when and why to use electronic keypad door locks. You’ll even learn how to find the lender on ANY property in the nation the next time you plan a creative real estate deal!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).

In This Episode We Cover

Living for free, generating cash flow, and the HUGE benefit of house hacking

Why unpermitted renovations aren’t always deal breakers

Winterizing your rental or primary residence (and keeping your pipes safe!)

How a for sale by owner (FSBO) purchase differs from a regular realtor deal

The benefits and limitations of smart-home technology

How to find the lender of ANY property in your area

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

Real Estate Rookie Facebook Group

Real Estate Rookie Podcast

Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow

BiggerPockets instagram

BiggerPockets

BiggerPockets Bootcamps

Airbnb

RemoteLock

PropStream

Books Mentioned in this Show:

Real Estate Rookie: 90 Days to Your First Investment by Ashley Kehr

The House Hacking Strategy by Craig Curelop

Connect with Ashley and Tony:

Ashley's BiggerPockets Profile

Ashley's Instagram

Tony's BiggerPockets Profile

Tony's Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-266

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