In today’s episode, we’re joined by Mike & Noor Bchara, a power real estate couple who’s found great success in the world of New York house hacking! Tired of living paycheck to paycheck and working for other people, these investors took the right risks and creative approaches to successful deal vetting, property acquisition, and maximizing Airbnb returns.
So if you’re interested in learning the behind-the-scenes steps they took to building an impressive portfolio across New York, join us for an insightful episode on technical and practical tips to building homes, renovating, and renting out units. We dive into an interesting discussion on the power of appreciation and understanding how to navigate the market to your advantage. Mike & Noor share with us the real numbers behind Noor’s their first properties and other house hacks that eventually helped Noor take home more money than her original job!
From hiring contractors for renovations to navigating real estate as business partners and real-life partners, our guests today are an amazing example of harnessing an entrepreneurial spirit, using their skills to seize opportunities and maximize profits. As we wrap up, we talk about to what the future holds for Noor and Mike’s future investments.
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Watch the episode here
Listen to the podcast here
Podcast Highlights:
[5:15] Escaping the So-Called American Dream
[8:25] Strategizing for Her First House Hack in New York
[13:20] Diving into the Numbers of Noor’s First Property
[19:30] Hiring a Contractor for Renovations
[23:25] On Personal Bank Loans and Loan Modifications
[33:50] Mike’s First Venture into Financial Independence
[37:50] How Mike Built His First House and Became a General Contractor
[43:55] Noor and Mike’s Story
[52:00] Their First Real Estate Deal As Business Partners
[1:05:50] Must-Hear Advice for Investment Business Partners
[1:07:15] What’s Next for Noor and Mike?
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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
Chad Rocke
💼 LinkedIn: https://www.linkedin.com/in/chadrockerealtorinvestor/
📸 Instagram: https://www.instagram.com/da_rock_22/
🏘️ Work with Chad: https://www.thefiteam.com/team/chad-rocke/
GUEST
Mike & Noor Bchara
🏘️ Airbnb Listing: https://www.airbnb.com/rooms/953041123800451564
📸Magazine Feature: https://hudsonvalleystylemagazine.com/high-falls-lodge-a-winter-wonderland-retreat-in-hudson-valley-airbnb-review/
💻 Upcoming Website: freeflowproperties.com
Check out their recommendations here:
🔗 Affiliate Links
- Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! — https://www.thefiteam.com/
- Sign up for The FI Team’s House Hacking Intensive Workshop for First-Time Real Estate Investors in Denver from April 5 – 7: https://thefiteam.com/workshop with the discount code ‘INVEST2FI’ for 20% off!
- Check out their book recommendations here:
i. Fierce Conversations: Achieving Success at Work and in Life One Conversation at a Time by Susan Scott – https://a.co/d/hx58Fnu
ii. 10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less by Dan Sullivan and Dr. Benjamin Hardy – https://a.co/d/4wtc62S -
