Episode 173 – Achieving the 1% Rule in Real Estate With Ian Hogan

Have you ever wondered what it takes to redefine your financial future? Join us as we dive into the hows and whys of financial flexibility with our guest, Ian Hogan. After discovering the stock market wasn’t the right fit for him, a Google search landed him on BiggerPockets and introduced him to the world of real estate investing. Ian’s unique journey offers valuable insights to inspire both real estate newbies and veterans.

Tune in as Ian dives into the technical intricacies of working with contractors, balancing the different kinds of financial loans, and managing a mixed-use property. Ian shares his critical lessons from undertaking a substantial house hacking venture and proves that house hacking can be highly profitable in nearly any market. Gain behind-the-scenes insights into how Ian achieved the 1% rule in real estate and the calculations behind achieving this monumental feat.

With his passion for helping others make data-driven decisions in real estate, Ian’s analytical and technical know-how might be just what you need to propel your portfolio forward! As an avid community builder at local meetups, Ian’s story is a testament that financial independence is possible for anyone willing to broaden their horizons and learn from others.

—

Watch the episode here

Listen to the podcast here

 

Podcast Highlights:

[5:45] Ian’s Introduction to Real Estate

[14:30] Diving Into His First Real Estate Investment

[16:55] Learning How to Work with Contractors

[20:50] Behind the Scenes of Ian’s Mixed-Use Property Investment

[22:25] On Navigating HUDs and 203K Loans

[30:35] Dealing with FHA and VA Loans

[37:25] Achieving the 1% Rule in Real Estate

[39:10] Understanding Section 8 Housing

[44:24] A Glimpse Into Ian’s Future Real Estate Plans

[47:45] Nuggets of Real Estate Wisdom and His Why

—

Important Links

HOSTS   
Craig Curelop   
📸 Instagram: https://www.instagram.com/thefiguy   
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy   
🏘️ Buy Real Estate: https://bit.ly/3V3QDze   

Ali Garced
📸 Instagram: https://www.instagram.com/ali_the_agent/ 
📱Facebook: https://www.facebook.com/aligarced 
💼 LinkedIn: https://www.linkedin.com/in/alexandragarced/ 
🖥 Website: https://www.garcedrealty.com/ 

GUEST  

Ian Hogan

📸 Instagram: https://www.instagram.com/realestateengineered/
💼 Linkedin: https://www.linkedin.com/in/ianhogan93/
💻 Website: https://www.engineerrealestate.com/
🗣 Meetup: https://www.facebook.com/simplifiedREImeetup/
✍️ Medium: https://medium.com/@engineer-real-estate

 

Check out their recommendations here:

🔗 Affiliate Links

1. Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
2. Sign up for The FI Team’s House Hacking Intensive Workshop for First-Time Real Estate Investors in Denver here: https://thefiteam.com/workshop with the discount code ‘INVEST2FI’ for 20% off.
3. Check out Ian’s book recommendation here: Living with a SEAL: 31 Days Training with the Toughest Man on the Planet by Jesse Itzler – https://a.co/d/fk4UNGH