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The Gold Collar Investor


Nov 30, 2020

In today’s show, Pancham interviews Jonathan Farber - a side hustle investor who specializes in house hacking, the youngest enterprise account executive of NetApp, and the host of The Millennial Millionaire through Real Estate Podcast.

Ever wondered how people can pay you just by living in your own place? Well, it’s called house hacking and Jonathan is no stranger to this strategy. He has been house hacking his properties and is using his income to buy other properties. 

With his skills and other financing strategies, he has acquired 4 single families and a 4-unit property and has achieved financial independence at the age of 27! 

In today’s episode, Jonathan will share his journey to financial freedom. He will share how he got started with house hacking, the lessons he learned, and different advice so you can also achieve your investing goals through house hacking.

If you’re looking to actively invest in house hacking, this episode will surely guide you through!

 

Quote:

“If there’s one way to get started that I felt like has the lowest risk, it’s this (house hacking) because you're always gonna need a place to live.”

Timestamped Shownotes:

  • 1:51 – Pancham welcomes Jonathan to the show
  • 2:44 - How house hacking made him financially free
  • 9:30 - From spending to earning $300 monthly with his first house hack
  • 14:15 - Different investments when he got into real estate investing
  • 16:49 - His hustles of house hacking his 4-unit property (and the breakdown of his numbers)
  • 23:18 - Optimizing COVID-19 as an opportunity to learn
  • 27:31 - Starting his day with good energy and journalizing 
  • 31:28 – Taking the Leap Round
  • 31:28 - His first investment outside Wall Street
  • 31:48 - How he overcame his pessimistic mindset
  • 32:26 - One investment that didn’t work out
  • 34:14 - Why investors should follow “one logic of thinking”
  • 35:35 - Jonathan’s contact information

3 Key Points:

  1. Why house hacking is the perfect active investment
  2. Various tips to get started in house hacking
  3. Why you shouldn’t put your life on pause amidst COVID-19

 

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