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).

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Grab Your Copy of Ashley’s Book, “Real Estate Rookie: 90 Days to Your First Investment”:
https://store.biggerpockets.com/products/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none
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Live for Free With “The House Hacking Strategy” by Craig Curelop:
https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media
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16 Tips to Ensure Your Property Is Ready for Cold Weather:
https://www.biggerpockets.com/blog/2013-12-17-ensure-your-property-is-ready-for-cold-weather?utm_source=youtube&utm_medium=description&utm_campaign=none
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Find the Lender on That Property You’re Evaluating:
https://www.propstream.com/bp
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode #266

Show notes at: https://www.biggerpockets.com/blog/rookie-266?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
09:17 Maximizing Your Revenue on a House Hack
15:20 Dealing With Unpermitted Renovations
20:34 Preventing Frozen Pipes
29:13 Buying For Sale By Owner Properties
33:18 Pros & Cons of Keyless Door Locks
42:27 Finding the Lender on Any Property