Husband and Wife Team Rack Up 8 Units While Househacking Nick & Sam Riccio

In this episode, Dalyn Hazell sits down with Nick & Sam Riccio to discuss house hacking, how they've been able to house hack really expensive homes and explode their net worth and take real estate careers full time. Husband and wife team Samantha and Nick Riccio began their investing journey in 2017 with a small condo in East Boston. Since then, they have acquired 8 additional units in Boston, and have done large-scale renovations on all of them. In the past year, their equity in their properties well surpassed $1M and due to the sizable amount of equity & cash flow, they both were able to leave their steady W2 jobs and pursue their passions. Nick is now a Residential Loan Officer at Fairway Mortgage, and Sam is a Licensed General Contractor. As co-owners of Eagle Hill Homes, their construction and design business, Sam handles all things client-facing, construction and design-related, while Nick spearheads all business operations and development. The couple is continuing to invest in their own portfolio as well as help other investors and aspiring investors, secure and finance their properties as well as renovate them to ensure they will become a cash-flowing asset. Key takeaways from this episode: 02:40 - Starting real estate at an early age 07:59 - Why choose house hacking 11:04 - How to start house hacking 11:57 - The benefits of getting a realtor agent 13:57 - Refinancing strategy 15:03 - Improving units through renovations 19:16 - Getting more money back on the refinance 20:53 - The highs and lows of managing a property while living in that property 22:58 - A general contractors role in real estate investing 26:22 - A mortgage loan officers role in real estate investing Tune in to learn more valuable information from this episode!

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Husband and Wife Team Rack Up 8 Units While Househacking Nick & Sam Riccio is an episode from Real Estate Investing For Freedom by Dalyn Hazell.

This episode is 36:16 long.

This episode was published on Feb 25, 2022.

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