249: House Hacking, Live-In Flips, and Investing Purposefully with Josh Daniels

<p>Why do you want to invest in real estate? Is it just about having a lot of units—or is it about creating a life you can be proud of? On today’s episode of The&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, we sit down with&nbsp;<strong>Josh Daniels</strong>, a real estate investor in Montana who, along with his wife Summer, has chosen to buy fewer but better deals on a quest for financial freedom. </p><p>You’ll hear about Josh’s highly creative actions that turned their first deal into a cash-cow, as well as the shift to (and reason for) investing in single family houses. You’ll love Josh’s attitude toward financial freedom, as well as his message that you don’t need hundreds of units to be free.</p><p>In This Episode We Cover:</p><ul><li>How Josh&nbsp;<strong>got started</strong>&nbsp;investing right out of college</li><li>The&nbsp;<strong>story</strong>&nbsp;behind his killer first rental</li><li><strong>Rental rates</strong>&nbsp;for this property</li><li>How they earned&nbsp;<strong>$80k</strong>&nbsp;on their next deal</li><li>What exactly a&nbsp;<strong>live-in flip</strong>&nbsp;is</li><li>How they&nbsp;<strong>manage</strong>&nbsp;their properties</li><li>A discussion on<strong>&nbsp;tenant drama</strong>&nbsp;in multi- vs. single-family properties</li><li>Josh’s<strong>&nbsp;“why”</strong>&nbsp;in his investing</li><li>How to handle&nbsp;<strong>emotional attachment</strong>&nbsp;to deals</li><li>Tips on financing deals through the&nbsp;<strong>BRRRR method</strong></li><li>His thoughts on&nbsp;<strong>Dave Ramsey’s advice</strong>&nbsp;for paying off loans</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="http://biggerpockets.com/bookstore" target="_blank">BiggerPockets Bookstore</a></li><li><a href="https://www.biggerpockets.com/forums/223/topics/459415-500k-net-worth-in-5-years-im-30-today" target="_blank">5