EP 10: Starting out by “House Hacking” a Multifamily Building with Tennille McCoy

Everyone gets the same boring advice when graduating from college….which goes something like this:  Go and get a high paying job so that you can achieve the dream of buying your first home.

Well what if this advice was actually not helpful or useful for someone who is looking to achieve financial freedom and long term wealth?

On today’s episode, we are excited to spend time with Tennille McCoy who currently focuses on buying and managing small multifamily properties.  Tennille has a full time job as a HR Director and has spent most of her career in the finance world. (She LOVES finances and talking about financial education!) She is an active realtor and investor in Mercer County, New Jersey.

Instead of following the traditional advice of buying a single family home, the first property she purchased was a four unit apartment building. She lived in one unit and rented out the rest of the building.  This is called “house hacking” in the real estate investing world. She moved out of the building and went on to use this equity to purchase other properties.

On today’s show, we cover these topics:

  • How to “house hack” your first deal
  • Financial tips and strategies for Millennials
  • Why buying a single family home might be the wrong move for Millennials
  • How to live in same building as your tenants
  • How she stays grounded through her community involvement and spiritual life

Connect with Tennille via LinkedIn

Resources & books discussed on today’s show:

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About the author, The Real Estate

The Real Estate InvestHER Show is hosted by Liz Faircloth and co-host by Andresa Guidelli. Created to support and inspire women who invest in real estate to live a financially free and balanced life.

2 Comments

  1. shel milling on 04/30/2018 at 1:59 PM

    OMG….get her back on the show..golden nuggets. totally awesome…learned quite a bit.

  2. The Perfect Landing Page on 05/03/2018 at 3:54 PM

    Very good info. Lucky me I found your site by chance (stumbleupon).
    I’ve bookmarked it for later!

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