In this episode of the State 48 Homeowner podcast, we dive into the world of house hacking—a powerful real estate strategy that allows you to live for free while building wealth. Our guest, Dan Shelhamer, shares his personal journey of turning a house hack into a thriving real estate portfolio. Starting with just a single-family home and three roommates, Dan built a portfolio of eight doors in a short period of time. We break down two common models of house hacking:
● The Duplex/Fourplex Model – How to live in one unit and rent out the others without sharing your living space.
● The Single-Family Residence Model – Rent out extra bedrooms to cover your mortgage, as Dan did in his first house hack.
Whether you’re new to real estate investing or looking to expand your portfolio, this episode covers:
● How to buy a home with a low down payment (as little as 3.5%) using FHA loans.
● Tips for maximizing your cash flow through rental income.
● Step-by-step insights into growing a real estate portfolio while minimizing out-of-pocket costs.
● Practical advice on managing tenants, saving for future investments, and scaling up to multi-family properties.
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