Mike Cavaggioni is a licensed Realtor-Associate, Financial Coach, Real Estate Investor, and host of the Average Joe Finances Podcast, a top 1% internationally ranked podcast. On this episode of CFO at Home, Mike and Vince discuss different methods of...
Mike Cavaggioni is a licensed Realtor-Associate, Financial Coach, Real Estate Investor, and host of the Average Joe Finances Podcast, a top 1% internationally ranked podcast. On this episode of CFO at Home, Mike and Vince discuss different methods of investing in real estate; Real Estate Syndications, House Hacking, Investing in Rental Properties, and more.
Key Takeaways
- Real Estate Syndication investing
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- Allows small investors to invest in larger commercial real estate ventures
- Has distinct tax advantages through claiming advanced depreciation
- Doesn’t have the “hassle factor” of individual Real Estate investing
- Has unique risks
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- Syndication Team can have a “Capital Call” where they will need additional investment from you for the deal
- Typical minimum invest is the area of $50k
- Ways of Investing in Real Estate (see article linked in “Resources” below)
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- Rent out a Room
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- Services like Airbnb allows for more
- House Hacking
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- Buying a multi-unit property (Duplex, TriPlex, etc). Live in one unit, rent out the others. Use rent to pay the mortgage.
- Investing in Rental Properties
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- BRR strategy (Buy, Rehab, Rent, Re-Finance, Repeat)
- Flipping
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- Tough in certain markets (higher interest rates)
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- Potential buyers can be less willing to buy
- Investors typically don’t want to hold flips too long due to higher interest rates on their loans
Resources
Ways to connect/follow
Contact the Host - vince@thecfoathome.com