EPISODE · May 7, 2020 · 40 MIN
12. House Hacking with Mark Jones II of Livin' Rent Free
from Real Women Real Estate · host Real Women Real Estate
We are all about building generational wealth and educating the community on wealth through real estate and this episode is it! We interviewed Mark Jones II, a student that has been house hacking since undergrad at Howard. He now has three units while in school studying for his MBA at UCLA. If he can do it, you can do it! In this episode we talk about the importance of educating yourself and being patience enough to see equity grow to realize the power of ownership. So what is House Hacking? Mark breaks down the meaning and how anybody can do this even during the pandemic. We do not sugar coat the process there are some risks but after this episode you will see the rewards far out way the risk. After listening you will understand that Mark is not only house hacking he is college hacking and life hacking. Whether you are entering college or paying for college this episode will hit you a little different. Right now we want to inspire you to keep moving, do not stand still and we hope this episode inspires you practice analyzing deals. Pick a city, educate yourself, understand your purchasing power, find a good Realtor and use the techniques from the episode to calculate a deal. Key Terms, Tips and References: Roommates.dom - to understand rent prices PITI - principal, interest, taxes and insurance Cash Reserve - Saving for repair or loss in rent Always ask what is the motivation of the seller when buying a house Do not be afraid to submit a low ball offer, your Realtor is obligated to submit your preferred offer Book Recommendation: Deep Work by Cal Newport Set for Life by Scott Trench Black Folks Guide to Making Big Money in America by George Trower-Subira Think and Growth Rich- A Black Choice by Dennis Kimbro and Napoleon Hill We hope you enjoy: -Kimberly Harris - Content Creator -Eboney Jones - Content Creator - Courtney Harrington - Content Creator - Mark Jones II - House Hacking Coach, special guest - Athenzmedia - Editor - Trac_Muzik - Music Producer
What this episode covers
We are all about building generational wealth and educating the community on wealth through real estate and this episode is it! We interviewed Mark Jones II, a student that has been house hacking since undergrad at Howard. He now has three units while in school studying for his MBA at UCLA. If he can do it, you can do it! In this episode we talk about the importance of educating yourself and being patience enough to see equity grow to realize the power of ownership. So what is House Hacking? Mark breaks down the meaning and how anybody can do this even during the pandemic. We do not sugar coat the process there are some risks but after this episode you will see the rewards far out way the risk. After listening you will understand that Mark is not only house hacking he is college hacking and life hacking. Whether you are entering college or paying for college this episode will hit you a little different. Right now we want to inspire you to keep moving, do not stand still and we hope this episode inspires you practice analyzing deals. Pick a city, educate yourself, understand your purchasing power, find a good Realtor and use the techniques from the episode to calculate a deal. Key Terms, Tips and References: Roommates.dom - to understand rent prices PITI - principal, interest, taxes and insurance Cash Reserve - Saving for repair or loss in rent Always ask what is the motivation of the seller when buying a house Do not be afraid to submit a low ball offer, your Realtor is obligated to submit your preferred offer Book Recommendation: Deep Work by Cal Newport Set for Life by Scott Trench Black Folks Guide to Making Big Money in America by George Trower-Subira Think and Growth Rich- A Black Choice by Dennis Kimbro and Napoleon Hill We hope you enjoy: -Kimberly Harris - Content Creator -Eboney Jones - Content Creator - Courtney Harrington - Content Creator - Mark Jones II - House Hacking Coach, special guest - Athenzmedia - Editor - Trac_Muzik - Music Producer
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12. House Hacking with Mark Jones II of Livin' Rent Free
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