House Hacker Zack Van Prooyen joined me in the studio to discuss how he house hacks. Zack has a personal finance background and a strong interest in achieving financial freedom through real estate and investing in index funds. My kind of guy!
Zack bought a duplex in 2010 in Denver with the intent of buying house hack #2 a couple of years later. Well, the market started heating up and he decided to wait. After a few years of waiting for the market to cool, he changed his focus to dollar cost averaging into the market. He bought house hack #2 last year in Aurora.
Highlights from the show:
- How he screens tenants to minimize no-show appointments.
- What software he uses for running applications.
- How he manages risk in real estate.
- Advice for others looking to house hack.
Connect with Zack at zack.vanprooyen@gmail.com
Podcast: Play in new window | Download (Duration: 47:51 — 43.8MB)
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What do you mean by house hack??
It's where you buy a place as an owner occupant, rent out the extra rooms or units, then after a year+ move out and keep it as a rental. MOre details at https://www.denverinvestmentrealestate.com/denver-house-hacking/