🏠 House Hacking to Financial Freedom: How Michael Hoang Retired with Just 3 Properties 💰

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In this eye-opening episode of The Real Estate Investing Club, I sit down with Michael Hoang who shares his incredible journey from corporate grinder to real estate freedom through single-family investing. If you've been wondering how to build wealth through residential real estate, this conversation is pure gold! 💎

Michael reveals how he achieved the ultimate real estate hack - getting "real estate retired" with just THREE single-family properties. Yes, you read that right - just three properties allowed him to walk away from his demanding corporate job where he was traveling constantly and missing time with family. 🔑

What makes Michael's story particularly inspiring is that he started his journey while working a high-pressure telecom job that had him traveling Monday through Friday every single week. His first move? A brilliant house hack where he and his wife bought a large house in an older neighborhood and rented out the rooms to young professionals. For FOUR YEARS, they lived completely for free while building their investment portfolio! 🏡

I was particularly impressed by Michael's commitment to delayed gratification. While his friends and coworkers were buying fancy cars and McMansions in the suburbs, Michael and his wife were driving 10-year-old paid-off cars and living with roommates. Though they faced judgment from friends and family, their discipline paid off spectacularly - they now live in a beautiful suburban home with a mortgage half what their neighbors pay, all covered by passive income from their rentals. 💪

For those looking to follow a similar path, Michael emphasizes the importance of buying properties "deep" - meaning substantially under market value. The house he currently lives in was purchased off-market at 50 cents on the dollar, allowing him to have a much lower mortgage than comparable homes in his neighborhood, even with today's higher interest rates. 📉

This episode is packed with practical wisdom about tenant screening, property acquisition, and the mindset needed to succeed. Michael explains how he carefully marketed his house hack rooms to attract the right tenants (young professionals who just needed a place to shower, sleep and study), and how he now uses direct mail to find distressed properties for deep discounts. 📧

One of the most valuable insights Michael shares is about lifestyle design. He notes that true wealth isn't about fancy cars or status symbols - it's about freedom of time. As he puts it, "Real wealth and luxury is going to Costco at 10am on a Tuesday" or driving when there's no traffic. This freedom has also allowed him to connect with high-level investors and entrepreneurs who meet during work hours, opening doors to even greater opportunities. ⏰

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