About this episode
In this episode of Radical Wealth Plan , I share how purchasing a property just before the 2008 crash turned into one of my most profitable investments. We'll explore why timing the market isn't as crucial as many believe, and how strategies like house hacking and understanding the 1% rule can significantly impact your wealth-building journey. Whether you're debating renting versus buying or considering managing properties yourself, this episode offers insights to help you make informed decisions in real estate and personal finance. Timestamps 00:00:00 Intro 00:01:00 Buying vs Renting Basics 00:02:30 Choosing a 30‑ vs 15‑Year Mortgage 00:03:40 When Renting Actually Makes Sense 00:05:00 Tax Advantages & House Hacking 00:10:00 Timing the Market & Evaluating Deals 00:11:40 Surviving the 2008 Crash 00:14:20 Riding Market Cycles 00:17:50 The 1% Rule Explained 00:25:10 FHA Financing & Multi‑Unit Entry 00:27:20 Managing Properties Yourself vs Hiring 00:28:40 Buy‑and‑Hold vs Flipping 00:30:50 Weathering Market Downturns 00:35:10 Using Self‑Directed IRAs 00:36:30 Closing & Audience Q&A Learn more about your ad choices. Visit megaphone.fm/adchoices