ITF John Hill |  House Hacking

House hacking can change your life. You get to keep your property and all the benefits while someone else has to pay your mortgage. This is all done in your house. You just need to find a tenant or a friend you trust to lease it with you. It is one of the best ways to reach that financial freedom you have always wanted.

Join Craig Curelop and Zeona McIntyre as they talk to real estate investor Jon Hill about how he discovered house hacking. Learn how he did it even when he knew nothing about real estate. Discover his deals and how he dealt with sloppy tenants, partnerships, and more. Start educating yourself and be willing to try today.

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House Hacking Your Way To Financial Freedom With Jon Hill

We’ve got a cool guest named Jon Hill. Jon’s got a pretty cool story. What did you think of this episode before we give him a little teaser and we get in?

This is a great natural progression for an investor. It’s nothing super fancy. You’re seeing how somebody goes from 1 property to 4, how they get the light bulb idea of, “Maybe I could be making money off of properties,” and the opportunity that it’s given them for understanding and maybe leaving a job soon. There’s a lot of flexibility once you’re investing.

I love how he talks a little bit about the struggle and just how relatable his entire story is. His story could be any single one of you guys reading right now. You could do the exact same thing. It could be repeatable over and over again 100 times and 100 times, it would be the same exact story. There was no luck involved. He just methodically went, continued to purchase properties, built some passive income, and he’s changing his life and his wife’s life because of it. That’s amazing. Why don’t we let Jon get into some of the details and bring him on the show?

Jon Hill, welcome to the show. How are you doing?

I’m doing well. Thanks for having me.

Thanks so much for coming on. It turns out we were at a meetup years ago. We got to get to know a little bit of your story here before you came on. I’m excited to share it with everybody. Why don’t you take us back to where it all started and how you first heard about financial independence?

I found out about financial independence in February of 2017. To give you a little bit of an idea of that background, I graduated from college and was working in commercial insurance as an assistant account rep. I always joke with people, “That’s as boring as it sounds,” but I was making a big commute down to Denver. I didn’t like it. I didn’t understand modern technology why we couldn’t work from home. I started doing some research.

I ended up finding it out about day trading Forex, foreign currencies, and margins on that. There are two things that I struggled with that. One is that I needed a large amount of money to be able to make the margins work on such small trades. The second piece was that it seemed like you had to have like a special characteristic. I struggled with those pieces and ended up finding real estate, which seemed to be a lot more refillable and you didn’t need quite as much money.

You mentioned a big commute down to Denver. How far is that commute? Where are you based so that people have a reference?

I’m up in Frederick, Colorado. I was commuting down to Denver. It could be 30 minutes on a good day, but then it could go all the way to 1.5-hour one way.

For those of you who don’t know or maybe never heard of Frederick, it’s Southeast of Longmont, North of Denver. You had this revelation that you shouldn’t need to commute into the office for insurance. You tried the Forex thing and that didn’t work. Tell us how you made that switch from Forex trading and day trading to real estate. Was it real estate people commenting on Forex people’s Instagram and telling them to go real estate and how it changed their lives?

That’s how it was, but not quite. I don’t see real estate people spam quite as much. What I had done is I had found fire through the Forex platform. I understood the concept of it. I looked for things that were more regrettable in the sense that you didn’t have to have special skills. I found BiggerPockets. I started listening to the podcast when Josh and Brandon were doing it and then transitioned to David. That’s where I started to learn that you didn’t need a certain amount of money or background and you didn’t have to have some unbelievable skill of being able to handle emotions and stuff like that.

With BiggerPockets, at least my experience, there are many different ways to do real estate. How did you zero in on something without getting overwhelmed by this cool idea and that cool idea?

I probably had that shiny object syndrome. Every time I would listen to someone on the podcast, I was like, “This is a great idea,” and ran into those issues. Eventually, I had an uncle from my wife who had done long-term investing. That’s what I narrowed in on because I had a person with an actual experience that I could go to.

I love knowing that you’re doing long-term investing because it seems like that’s the hardest way to cashflow. Do you mean long-term renters?

Yes, long-term renters are on that piece. We ended up backing our way into it. Craig’s book wasn’t out and there wasn’t a ton of information on house hacking. They talked about it occasionally. We backed our way into a house hack. We didn’t know we were house hacking at the time and then ended up moving out and doing long-term rentals.

This is the first deal that makes you an intentional real estate investor. Why don’t you tell us about that first house hack that you did, the price, how you got funding, all the good stuff and numbers?

The first one was a townhome in Thornton. It is about 5 to 10 minutes North of Denver. I was working in commercial insurance and my girlfriend at the time, now wife, wanted to move out and felt like that was the next step in our process of doing that. Both her parents were real estate agents and said I shouldn’t go rent. I should purchase. We started going out and looking. I’ll be honest, it was more to appease my wife because I didn’t necessarily know if I wanted to buy.

We ended up looking at two places. One ended up being a condo and it didn’t excite me. The second one ended up being a pre-foreclosure townhome in Thornton. The piece that was appealing to me was that they already had an appraisal on the property for $165,000 and they wanted $150,000. We had to do a quick close because the first buyer ended up losing out on financing. I liked the idea of walking into equity. It made me feel a lot more comfortable with the purchase.

My question is if both of her parents were real estate agents, were they investors, too? Did they know enough to tell you, “You should buy instead of rent,” which is awesome? That’s great advice. Did they have anything more to give you?

They didn’t have anything on the investment piece. My wife’s uncle owned the brokerage that they were working for and he had about twenty long-term rental properties. The idea was there, but not to the extent of the purchase.

It’s great to walk into a property with equity. It’s a lot harder to do that. What you mean by that is you’re buying a $150,000 property that’s worth $155,000. You don’t have to do anything about it. You’re just buying a deal. The seller is in a little bit of distress and you’re taking on their problem, which is this property. It’s $150,000. This is from a different time. What year is this?

It was 2017.

It’s still pretty cheap for 2017. Tell us a little bit about this townhome. How many beds? How many baths? How did you buy it? How did you do a quick close with like a low down payment loan?

The property was a 2-bed and 2-bath. It’s not necessarily the nicest area, that’s why the price point was lower. We needed a quicker close. We ended up doing an FHA 3.5% down purchased on it. The property needed a lot of work. It was in pre-foreclosure. The seller had a pretty traumatic brain injury and was not able to endure the pain anymore.

The HOA was putting her into that pre-foreclosure. The property had a lot of deferred maintenance, but it was more so paint and carpet. We were able to also value add. We didn’t have a clue that’s what we were doing at the time, but there was still a way to force some appreciation into the property and make it nicer to live in.

It sounds like this person was delayed on a decent amount of payments with the HOA. Did you have to catch him or her up on those payments?

No. Thankfully, they were able to take that out of her proceeds because she had bought it for about 3 or 4 years and there was enough equity into it that she could still walk away. She ended up walking away with $10,000 even after having to pay everyone back.

It sounds like you went in and did the paint. You did the carpets. You looked at the property and made it look okay. What did you do? What flooring did you do? How much did it cost? Did you do it yourself?

We made the decision. We closed on November 30, 2017. I don’t know why we set this deadline, but we wanted to be in by Christmas so we could celebrate our first Christmas there. We worked nights and weekends. We did the modern gray flight paint that everyone has that was starting to become popular. We ended up doing carpet. We didn’t replace all the floors because we ended up running out of money after the down payment. We re-carpeted the upstairs because there were a lot of food stains and had someone do that.

Do you remember how much it cost you to do the carpet?

We were all in on it for about $12,000 with carpet, paint, and everything that we had to do. The down payment ended up being close to that of $12,000 for our closing.

You’re about $24,000 to $25,000 all in. Why did you choose to go carpet instead of a luxury vinyl plank or anything like that?

It wasn’t quite as popular and the issue was the stairs. We were doing a bunch on the stairs and the cost for what it was going to be on luxury vinyl per stair was way higher. We decided to do all carpet.

You got the thing for $25,000, the 2-bed, 2-bath. What happens next?

I make the decision after being in commercial insurance for a while to not want to do it anymore. My in-laws recruited me to be a real estate agent. As I was making the transition to do that full time because my wife was going to school, we decided not to bring in a ton of money that we needed to figure it out we had an extra bedroom. We were going to put someone in there for $450, which covered almost half of our mortgage and all expenses. We did everything wrong with it. We didn’t do a formal lease. We had a friend. We didn’t enforce any pieces of it. It still was able to help us get started as I made that transition to being self-employed.

If you have an extra bedroom, just lease it to a friend. That's one way of transitioning to being self-employed. Click To Tweet

Did you have any nightmare stories with that or did it work out because he was a friend of yours?

There were some. We said, “You couldn’t smoke on the property.” That happened. The worst one was she left a candle lit, left, and smoked the entire house out. Thankfully, it didn’t set anything on fire, but after that, we were like, “We need to start evaluating how we put people in it.” She was awesome. We just didn’t do anything on our end to protect ourselves and protect her.

Start evaluating how you should put people on your property. Click To Tweet

Are you still friends with this person?

We are.

Oftentimes when your friends become your tenants, it causes some issues. It’s better to have your tenants be your friends than your friends be your tenants. What was the mortgage on this property? You said you got $450 in rent from the room, which is pretty cheap. You gave your friend a deal. What was the mortgage on it?

The mortgage at the time was like $865 and then our HOA was pretty high. It was $280 at the time. You’re about a little over $1,000 all in each month and she’s paying $450. You’re living in a place with one bed. You’ve got one bed to yourself for cheap. You’re talking $600 a month. That’s still a win and you didn’t do this intentionally.

You weren’t like, “I am trying to cashflow with this property.” Otherwise, you probably wouldn’t have purchased it, but you’ve got a property that is probably doubling the price by this point. You’re still saving in rent. The glorious part about real estate is that you don’t even need to buy intentionally and you can still come out way ahead. Do you have anything to add?

Many people stop there. They say, “l bought well and I’m glad I’m homeowner,” but they don’t go beyond. What made you buy the next place or move into the next place?

That transition to being an agent was a thing. We made the decision, especially after that the tenant almost burned our house down, “We need to get more intentional about this.” We have made the decision to move in with my in-laws. We could then get ready to purchase the next one. We had someone approach us who wanted to rent the place for$1,300 at the time.

We were making $150,000 after all expenses. That, to me, was when it clicked because it was like, “I got to keep the property. The property’s worth a lot more money than what we bought it for. I get all the benefits of it and someone else is paying the mortgage.” I went to my wife and I was like, “We need as many of these as we can.” Craig came out with this book. We stumbled our way into a partnership on our duplex out of state from there. We ended up purchasing a house hack up in Frederick in 2021.

Let’s talk a little bit about the out-of-state stuff. That’s scary for a lot of people to do that on your second deal. How did you find your partner? How did you pick a market? How did you take action there?

My partner ended up being the best man at my wedding. He saw what we were doing. I had learned about house hacking, but doing the duplex piece. It was more what they were talking about, not rent by the room. He lived in Wisconsin. He was getting ready to graduate college and wanted to not have to rent. We made the decision that I would bring the money and that he would bring the financing and structured it that way. It was very informal and we still have that partnership nowadays. He called me and they’re finally moving out of that place. Now we’re going to get to see some real profit off of the duplex, but it was more just about someone that I trusted and in a market that he knew.

Also that he could do owner-occupied. That was the deal that got you guys in for probably a low down payment and a lower interest rate. It’s usually about a point less. There are a lot of benefits.

One of the big things with that too was the money piece. We could bring it. Since I was now a full-time agent, I couldn’t qualify for anyone because I didn’t have a few years of income. That made him able to bring the financing too.

You brought the full down payment, the full 5% down. What did that look like? How much was that?

It ended up being $15,000 worth of closing costs because it ended up being like $168,000 for a duplex, which is a very different market in Wisconsin compared to Colorado.

You put in $15,000. Did you guys own the house 50/50? You’d have one-half pay and you rent. He would pay rent to a joint account and you guys would then split that.

He got discounted rent from it because there was still about because of what the payment was. The mortgage was $1,350 and one of the units was rented for $900. We did discount it. My wife and I were making $100s a month off of it with another $100 going into a savings account. Now it’ll jump with the other unit getting rented that will make $800 in each partner. We will get half of it, so $400.

Is he moving on to another property or are you guys going to do this again?

He’s moving onto another property. We both ended up getting married in that time period and it changed the direction. Now that he’s getting the $400 as opposed to just discounted rent, there’s more interest in it, but he was the property manager and everything. Now he’s going to be up from afar, which makes him a little nervous. We’ll see how that goes and what he ends up wanting to do. We’d love to do it again, but I don’t know if real estate with what he does. He’s a teacher and coach and so it takes up quite a bit of his time.

Do you guys have any contingencies or anything? If someone were to sell, what does that look like, or if one person wanted to sell and the other person didn’t or anything like that?

We did a very informal document. It’s not what I would recommend. Go get an official document with a lawyer because we have the realization that we don’t have a plan in there in case one of us dies and now we’re both married. Do we become partners with the wife or do we buy them out? It created some exciting pieces that we know we need to do better the next time.

When you get into a partnership, always get an official document from a lawyer. Click To Tweet

I always recommend that if you’re going to go into a partnership, it’s only a few hundred dollars to have a lawyer look at it. It will save your relationship with the person. It will save you a lot more than that and it will save us the fight. We had Dave Meyer. He has partnerships and he said that when he had to split away from his friends, there was no fight. It’s just right there in the agreement. There’s nothing to talk about.

Knowing what you know now, have you updated this agreement or, “We should probably do that?”

We’ve had the conversations, and we’re in the process of getting that started, but it’s been on the back corner.

Just a little tip for you. You don’t have to hire a lawyer which can make it expensive. You can just get documents from Rocket Lawyer or one of that online legal Zoom for $50 books a month, and you can just cancel it after. Knowing that there are documents there that are state specific and make it easy to just like fill in the blanks almost yourself.

That’s the next level up that you could go. The Rocket Lawyers and the generic ones aren’t great. I’ve had lawyers look and laugh at them. My personal thing would be, “Spend money upfront, so you don’t spend ten times more later and save a relationship.” I promise it’s worth it.

If you’re going to go to court with somebody, you’ve already lost. It doesn’t matter what your document says because that’s going to be expensive. What’s important to have in your document is, “What happens if somebody wants out? What happens if somebody dies? Who owns what? Whose responsibilities are whose?” Those are all going to be outlined in these that are made by lawyers.

That’d the point of this whole conversation is that you’ve got two different people. We’ve both been fairly successful in what we’ve done and we’ve done it in different ways. Look at Rocket Lawyer or a regular lawyer and see what’s better and what’s better for you in your situation. That’s all real estate in general. Any debate or whatever it is, there are two sides for a reason because both sides aren’t right. In certain scenarios, what scenario are you in? You figure it out.

We’ve got two properties now. You’ve got the townhome in Thornton and a duplex in Wisconsin and you become a real estate agent. You mentioned before that it was hard for you to get a loan as a real estate agent because you’ve left your W-2. You need two years of income to show that you can qualify. Now, it sounds like you might have those two years. It’s 2021 and you’re looking for a house hack in the greater Denver-ish area.

In 2021, we started to make the intention that we were going to go out. We knew our criteria. We knew that we needed some way to add a fourth bedroom. We liked the Frederick area. We’d moved up to the Frederick Firestone area. When we were living with my in-laws, we had lived in an unfinished basement almost the entire time that we were there, which is funny to say we are used to it. One of the things that I realized is a great way for us to get to the fourth bedroom without having it already built was to add a bedroom in the basement. We ended up finding a townhome in Frederick that was listed for $370,000. This was in February of 2021. Properties were flying off the market.

I got to the point with my wife where I said, “If it hasn’t gone through a weekend, don’t show it to me because we’re not going to get it. We had offered about four times and weren’t close on any of our offers.” This property ended up sitting through the weekend because the agent was in the process of changing companies and she was out of the country. She didn’t put the right lockbox combo on the property. The house ended up sitting through the weekend and got stereotyped that something was wrong with it.

I called her on Monday after what happened and said, “The property is perfectly fine. We just want an asking offer. If you can have an inspection, you can have an appraisal.” At that time, everyone was having to waive those. We felt good about it. We ended up closing on it and appraised it for less. At the time, we were excited about it because we got it cheaper, which ended up being $360,000. It was a 3-bed, 2-bath townhome with an unfinished basement.

You seem to like these townhomes. Why townhomes?

It is more so the affordability piece of it and the area that we wanted to do. My wife started a new job so we didn’t have quite the income to go and buy a house in the area. That piece was what we ended up deciding on. We wanted to at least get something as opposed to waiting until we could qualify for a single-family.

Could you maybe describe the difference between a townhome and a condo?

You own like the land that the townhome sits on. Back on the first one when we looked at the condo, my mother-in-law had explained that the value of a townhome is like you own the actual land. They’ll sell higher normally than for a condo. Those pieces were what did it. The condo is our own four-ceiling wall-to-wall.

You get better interest rates on townhomes and even better interest rates on houses if people didn’t know that. Are you doing any Airbnb house hacking now that you’ve got this basement room? Have you thought about doing that to increase your cashflow?

We haven’t. We’re in an area where we could probably do like the medium term and explore it because there are some hospitals close to us, but we did it with long-term tenants and the house hack. When we moved into it, we moved into an unfinished basement. I like to joke that I’m as committed as Craig to house hacking behind the curtain with an unfinished basement. That was challenging for my wife at the time. We ended up using the money from the commission that I got when we purchased the house to build a bathroom because we didn’t have our own bathroom at the time. We used the money that we saved from the tenants to finish the basement while we were living in it eventually.

You lived in an unfinished basement behind the curtain with your wife.

Not behind a curtain.

That’s still 2X of what I did because 1) I was by myself. I didn’t have anyone else with me. 2) At least, it was finished. I had a finished place house with it. You’re like breathing in the dust from the insulation and stuff. You don’t want to be doing. Everybody’s got to go through that phase of struggle. It looks like you at least put some money in and you added a bathroom. It turned into a 3-bed, 3-bathroom.

We finished the bedroom and we moved out of it. It’s technically a 4-bed, 3-bath now.

You bought it as a 3-2 and move it to 4-3. How much money did you end up putting into that? You said $10,000 or $15,000 for the bathroom.

It was $10,000 or $15,000. We ended up having some people who gave us a good discount. We would’ve been able to finish the basement entirely but we ran into the greatest supply chain shortage of wood as we were finishing this and lumber skyrocketed about two months after we started working on it. We ran out of money. We only were able to do the bathroom and then we had to wait about three more months for wood prices to stabilize, then we used the money that we had. There were two bedrooms rented out. We used that money to then finish the rest of it. It ended up about $22,000 all in to finish it.

You put $22,000 to add a bedroom and a bathroom, which by the way are probably some of the two biggest value add things you could do. Do you have any idea of what that property was now worth? You bought it for $370,000. After you did that, do you have any idea what that might end up being?

A bedroom and a bathroom are two of the best value add things you can add. Click To Tweet

It jumped to $425,000 in adding the extra space.

You put in $22,000 worth and you’re gaining $60,000. That’s a textbook value add. What were you getting in rent for that place?

With us living in the basement, we rented out the master. The master was rented for $1,000. I didn’t necessarily trust my screen inability. We ended up doing medium rentals, not intentionally, but we had people who had come in. We had a pilot who was crop dusting for the summer. We also had an intern who was in town for the summer. We had four-month leases there. They were paying $750 per month. That covered all of our expenses. We were living completely for free. We hired a house cleaner to come to clean because the 2 tenants share 1 of the bathrooms. We didn’t want issues with who has to clean what or they won’t clean this.

You were getting $750 a room. It was $1,500 plus another $750. It’s 2,250 in rent?

No. $1,000 for the master and two sets of $750. It’s $2,500 for the entire place. Our mortgage ended up being $1,923 with HOA, and then utilities and everything else ended up with the cleaner ending up at $2,450. We were making $50 and living completely for free.

That’s a house hack right there. That’s funny how your trajectory of doing it on an accident and still being pretty good to doing it on purpose and now living for free, adding value, creating $60,000 to $80,000 of equity. You’re living for free. Do you have the master yourself or the basement?

It’s like a size of a studio apartment, 600 to 700 square feet of where we live.

You moved out of that and what do you commend that?

We run it for $1,100.

Now you’re making $1,100 of cashflow from that one house, which is your best deal yet. After this third deal, what does your whole portfolio look like now?

We own four properties. My wife and I then moved out of that house hack and bought a personal residency in Frederick. We have the property in Thornton, Wisconsin, the one in Frederick and then the one in Frederick that we are living in.

What does your cashflow look like from those three houses? What’s your goal towards financial independence there?

The Thornton property cashflows about $400 per month. The Wisconsin one is going to jump to $400. $1,100 coming from the Frederick property. We’re shy of $2,000. Our ultimate goal is to be able to bring my wife home. We need about another $1,000 to $2,000 to supplement her income.

If you haven’t noticed Jon Hill in this episode, his life has changed through house hacking. My life and others’ lives have changed through house hacking. It’s an amazing thing to do and an amazing thing to help people. If you haven’t already picked up The House Hacking Strategy, the book that I wrote a few years back to explain the entire process, go to to pick up that book.

If you’re a real estate agent reading this and you want to help other people house hack as well, the FI team is always looking for new agents in the Denver Area, Seattle, and Southern California. If you are looking to become a real estate agent or want to be a real estate agent and help other people achieve financial dependency on real estate investing, hit me up on Instagram. I’m @TheFiGuy. I’m happy to have a conversation with you now. Let’s get back to the show.

You got your primary residence in Frederick. We understand what your portfolio looks like. Is this your forever home or what are you doing with this?

I don’t know if it’s our forever home, but it’s our 5 to 10-year plan. My wife got a little tired after living in an unfinished basement for the last few years of our lives and having her be willing to come into that. We ended up purchasing this house. We’re living in it. It does have the ability to be a good house hack if we ended up deciding to do that while we were here or if we decided to move out of it. That was still one of my criteria. We have another unfinished basement with 2 extra bedrooms and 1 extra bath. Now it’s us enjoying some time away from all the people.

I wonder if house hackers ever have a forever home because it seems like the name of the game is moving and you’re like, “I’m going to bide my time until I’m ready to move again.”

It’ll be a little different, too. We haven’t paid our first mortgage yet entirely on our own. When we get that bill, I’m curious to see if that changes how it is since we haven’t paid a mortgage since 2017 in the fall. That’s going to be a little bit of a harder pill to swallow.

House hacking is not meant to do forever. It’s meant to just give you that foundation, so then you can go and buy the true house of your dreams, live that, and do what you want to do. You mentioned you have an unfinished basement with 2 beds and 1 bath. Does that mean it’s the ability to add 2 beds and 1 bath?

No, the house is a 3-bed and 2.5-bath with an entirely unfinished basement. My criteria were to make sure that if we needed to rent it out or do value add, we would have that ability.

You could add 2 beds and 1-bath down there and make it a 5-bed and 3-bath.

What he’s saying is that he has two extra bedrooms that are not necessarily utilized because they live in one.

Jon, this is a great story. I love how we started and you sold again, picking up a property year by year methodically. That’s an amazing way to achieve financial independence. It’s a relatable and easy way to do it. Anyone could do this. Do you have any other words of wisdom before we head into the final part of the show?

I think that’s it. I viewed it again going back to looking at Forex versus real estate. People can do it and it didn’t matter your background, your income, or what amount of money you had. If you’re willing to educate yourself, get out there and try, you can do it because there’s nothing special that I’ve done. You can see when I got intentional about it, how much better I got.

In real estate, your background doesn't matter. What matters is if you're willing to educate yourself and go out there and try. Click To Tweet

Shall we head into the Final Four?

What are you reading right now?

I am reading The Power Of One More.

Tell us about it.

It’s a good book. The author talks about changing the mentality. If you can always do one more, it’s like, “Eat the frog. Do the first thing you don’t want to do right away,” and the compound effect. It continues to stack and get better over time if you continue to do the next thing you need to do.

What is the best piece of advice you’ve ever received?

I’m going to butcher this quote, but the President of our company said it and it’s to the extent of, “If you wake up with only the things you gave gratitude for, what would you give gratitude for?” It shifts the mindset of appreciating the things that you currently have.

Question number three. What is your why?

My why is my wife. My wife is committed in many things to this journey and believing in me. I love what I do. I get to talk about real estate all day. I enjoy everything that I get to do. I get to invest in those pieces. It’s hard for me because I wake up, kiss my wife, and go off and she goes to a job that she likes but doesn’t love. It’s hard for me to see that when I get to do everything that I want to. I’m making sure that I can bring her home as quickly as possible and allow her to do what she wants to do is my why.

Do you sing in the shower?

I don’t. I’m horrible. I’ll give you a good hum. That’s about it.

Where can people find out more about you?

Instagram @JHill1244. Email is probably the easiest way. I don’t get on social media bunch, which is JHill@TheGroupInc. I’ll respond to anybody there.

If you got any other questions for Jon, feel free to hit him up.

That was Jon Hill. Z, what did you think of Jon?

It’s a relatable story. It’s great to just show people that he wasn’t trying to do anything flashy. Some of his properties are cashflowing $400 but he is steadily building and that’s the important piece. They’ve made a couple of sacrifices, but now they’re able to even live in a home just by themselves and they’re continuing to create equity and wealth and then cashflow. Real estate can be that easy.

It just goes to show you that real estate doesn’t have to be hard. You can make it hard and go as fast as you can and raise money in wholesale and flip or you can just become a real estate agent. You can make some money. As you make more money, you just save it, invest 1 or 2 properties a year for 5 to 10 years and you’re going to have a lifetime’s worth of cashflow and wealth.

For a lot of people, that’s all they want. I always say, “What do you want?” Don’t do anything to impress other people because I find a lot of people do that. If all you and your family need are $10,000 a month of passive income, then get out there and house hack for 6, 7, or 8 years and you’ll have that $10,000 before you know it.

You probably don’t even need that much. Do you know what I want, Craig?

You want a boat and a plane.

I want neither of those things, but I do want ratings and reviews.

You want stars.

I want all the stars. Give me the stars. If you guys like this episode or any of our episodes, please leave a rating and review on iTunes or anywhere that you tune in to. It helps us get found by more people. Also, share with your friends and family because that is the most effective way to get more people to tune in to our show.

Thank you so much for reading, guys. We will see you all next time.


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