House Hacking: How to Build Your Portfolio with Minimal Capital w/Jordan Moorhead

There are many ways to get started in real estate investing, and there’s no right way to jump in. However, for aspirational investors who lack a ton of capital, the most seamless option is house-hacking.   House-hackers live in a property they own, rent part of it out to roommates, and secure it as an investment for the future. It seems like a cost-effective option for new investors, but what’s the catch?   What’s stopping more investors from house-hacking, and are the barriers worth tolerating?    In this episode, the owner of JM Holdings and The Moorhead Team at Keller Williams, Jordan Moorhead shares how he house-hacked his way to prosperity.    "If you want a lot of rental properties, house-hacking will get you there." -Jordan Moorhead     Three Things You’ll Learn In This Episode   Who should house-hackMany would-be investors are unable to buy properties because of the expenses involved, but house-hacking solves that problem. By living in an investment property and sharing the expenses with a renter, house-hackers have the opportunity to accumulate assets while saving money on living costs.    Why house-hacking makes sense in today’s marketWe may hear talk of rent decreasing soon, but in markets with stable and growing populations, that’s highly unlikely. Rent is more likely to increase, so for investors thinking of renting to keep costs low, it’s time to reconsider the option that allows us to live on a property and generate an income.    How to get over the comfort factorHouse-hacking isn’t always comfortable in the short term, but the long-term benefits are endless. Be willing to sacrifice now to reap the rewards later.   Guest Bio: Jordan Moorhead is the owner of JM Holdings and The Moorhead Team at Keller Williams. He has been an entrepreneur since he was a kid when he had a lawn business at the age of 13 and walked around putting flyers around the neighborhood. While Jordan went the traditional route for a few years and worked jobs while he went to college, getting laid off while in college was the best thing that ever happened to him, and he started investing in real estate in 2016 and was immediately hooked. He had wanted to be a real estate investor since his early teens but listened too much to others to wait for the “right time”. The right time is always now. Today, Jordan’s focus is growing his business, investing in real estate, and helping others get started in real estate as a Realtor.   To find out more, go to:  https://themoorheadteam.kw.com  https://www.linkedin.com/in/jordan-moorhead-74277859/  https://podcasts.apple.com/us/podcast/austin-real-estate-investing/id1526289523  https://www.linkedin.com/in/jordan-moorhead-74277859/  https://www.instagram.com/jordan_moorhead/?hl=en  https://www.realtor.com/realestateagents/jordan-moorhead_austin_tx_3794362_091359794    You can also email him at [email protected] Or send him a DM on Instagram https://www.instagram.com/jordan_moorhead/?hl=en Or Facebook https://www.facebook.com/jordan.moorhead