HyperFast Minute | May 6th, 2022
A Minute on Something I’m Learning:
Last month I told you about the book The Fiat Standard. This month I’ve started to read the companion book to it, The Bitcoin Standard. I am certainly not an expert in crypto (real estate is my thing in case you have not noticed), but this book has offered one of the most clear and concise explanations for the purpose and advantages of Bitcoin. Again, I’m far from an expert in this area and I have no idea what will happen with Bitcoin, but am enjoying learning more from this book.
A Minute on Something I’m Teaching:
Consistent content is the key to marketing success through digital and social media. This week we had several of our HyperFast VIP clients in DC for a couple days of masterminding and I led a session on TikTok, which last year became the platform with my biggest audience. The biggest reason it worked for me was because I consistently made a lot of videos on the platform. Eventually it worked.
A Minute on Something I’m Excited About:
We are in the final stages of finishing up renovations on our first short term rental duplex in Lauderdale by the Sea. We were able to increase the footprint and number of bedrooms and will have two four bedroom units just a few blocks from the beach. The units should be furnished and available for rent in a few weeks!
A Picture Worth Looking at for a Minute
Here’s a picture one of our real estate students took of me while teaching the group about TikTok.
A Minute Answering One of Your Questions:
This is the part where I answer a question someone has texted me or asked on social media (I answer all Instagram Direct Messages).
“What’s the best investment in real estate if you are just starting out and have never bought a home before?”
I got this question from an Instagram DM. I think a great idea for young people that have never bought a home is to do some version of house hacking. The basic premise goes like this. You buy a house (or duplex, triplex or quadplex) and then you rent out the other rooms or units. Your roommates or tenants pay your mortgage and you get to live for free. You get to buy a home with the best type of financing (owner occupied) and live for free….and get all the other benefits of owning real estate (principal pay down, long term appreciation and tax savings). You’ll also most likely be able to live in a bigger house if you do this!
Thanks for tuning in this week! If you know someone that would like to be a part of this please share this with them and click here to sign up.
Dan
