Month: July 2020

Live free while building wealth the House Hacking way

Posted on by Sanncha Kiss
Lehigh Acres Duplexes

Fantastic duplexes as low as $179,000. 

cape coral multifamily

Both 2 BR and 3 BR per side floor plans are popular and available in Cape Coral. These properties are available throughout the city and often sell very quickly when they hit the market.

Safe place to live

 

NAPLES MULTIFAMILY

Starting as low as $263,000

Sign up for multifamily property alerts!

 

 

Sanncha Kiss

Real estate investor

house hacking 

house hacking strategy is one way to get started in real estate investment.  This strategy is one that requires the least amount of cash.   By working with a knowledgeable Realtor, this can be achieved hassle-free at the time of purchasing your very first home.  If you already own your primary residence, you can do this by renting out a part of the property, such as a bedroom, basement or any portion of your home.

“house hacking is when you live in one of the multiple units of your investment property as your primary residence, and have renters from the other units pay your mortgage and expenses“

If you are buying your first home, you can start with a duplex and designate one unit your primary residence.  The benefits are great!  With the right deal, your mortgage payments will be covered all while building wealth through Equity simultaneously!

I started out in real estate with the house hacking strategy.  I did very small remodeling to the basement of my single-family primary residence and converted it into 2 bedrooms with a shared common area.  I rented these rooms to individual college students and the income from that covered the mortgage and most of the expenses for utilities.  The savings from this strategy allowed me to accumulate extra money to invest in additional investment properties.  

 CONCLUSION

You can live free while building wealth using house hacking strategy. Now is an exciting time to invest! Interest rates are at an all time low!  There are great deals on newly built multi-family properties especially in the Lehigh Acres area. Contact me to find out more.

About the Author:

Sanncha Kiss is a savvy, versatile Real Estate Investor who has been investing in single-family homes in Ohio and Florida for many years.  Currently, she is a Real Estate Agent in Florida with a passion for helping others with every aspect of real estate. Connect with her today!

 

Six things you probably didn’t know about Lehigh Acres, FL

Posted on by Sanncha Kiss

Lehigh Acres

  1. Lehigh Acres was developed in the mid-1950s by Chicago businessman Lee Ratner. Seeking a  tax shelter 
  2. Lehigh Acres Cost of Living is Cheaper than the US average and housing is the main factor.
  3. Lehigh Acres is second home to many snowbirds.
  4. Lehigh Acres has 175 miles of canals and 16  lakes.
  5. Lehigh Acres real estate appreciated 156.02% over the last ten years.
  6. Lehigh Acres is in the top 10% nationally for real estate appreciation.

 

Real Estate Investment and Retirement

Posted on by Sanncha Kiss

Are you tired of losing sleep over your retirement account?  You are not alone.  Over the past couple of months many Americans watched in dismay as the balance in their 401k and IRA accounts diminishes.  The feeling of helpless defeat sets in and many are at a loss as to what to do now. 

The problem with 401k and IRA accounts is that people do not have much control over their money.  You basically turn your money over to a financial services corporation and hope that they know what they are doing.  Even the most reputable of these corporations, despite their efforts to mitigate risk, cannot do anything to prevent a stock market daily free-fall as what we have seen in recent months.  Hence the reason these corporations all have that “market risk disclaimer” that you must acknowledge before investing your hard-earned money. 

The alternative is to invest in real estate.  Investment property is not subjected to the same risk as stocks and mutual funds.  The fact that you can harness the power of leverage, residential real estate does not require a whole lot of cash. 

No need for sleepless nights and constant “nail biting” wondering how the financial market will open or close on a given day.   The value of your “nest egg” should not depend on the variations of remarks that Steven Mnuchin (Secretary of the Treasury) makes.  Real estate is tangible!  With a residential rental property, someone is paying rent to live in a physical building.  Needless to say that regardless of the trajectory of the stock market, everyone still needs a place to live.
   

Let us help you find a rental property today!  Call 614-286-9014.