Teaching Veterans to House Hack Using VA Loans with Eric Upchurch

|
Teaching Veterans to House Hack Using VA Loans with Eric Upchurch - Feature Image

Eric Upchurch – Real Estate Investor and Army Veteran from Active Duty, Passive Income talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Eric has a passion for educating the military community on how to create long term wealth through real estate investing, while personally investing across the country for the last fourteen years. He serves as Co-Founder of Active Duty Passive Income (ADPI) and is a Senior Managing Partner with ADPI Capital. Most recently, Eric’s team has opened a nationwide, first-of-its-kind 100% employee-owned mortgage branch, real estate brokerage, as well as an insurance company – all with the goal of serving the ADPI community of military real estate investors.

In this episode we talk to Eric about how he became an accidental landlord when he purchased his first house with a VA loan, we talk about his passion for teaching other veterans the power of house hacking, we talk about his specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily, and finally, we talk about the key to successful networking.

Post-Interview Analysis 

  • Key Lessons Learned. Networking is about focusing on the OTHER person’s needs before your own. You will have much greater success networking if you go into each interaction trying to find out what the other person needs, and how you can perhaps help them.
  • How did they acquire their knowledge or what knowledge did they need to acquire? He went to a real estate seminar and did the upsell, upsell, upsell, and found himself in a mentoring program.
  • How much money did it take to get started? He was able to get into his first property by taking advantage of the Veteran’s Administration’s zero percent down loan program offered to military veterans.
  • How much time does it take now? He spends about 10 hours per week on his real estate endeavors. 
  • Could they do this strategy from anywhere in the world? Yes, he has transitioned into buying larger multifamily properties across the country. 

Episode Highlights: 

  • Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage 
  • How he became an accidental landlord when he purchased his first house with a VA loan
  • His passion for teaching other veterans the power of house hacking
  • His specific strategy of live-in flips and how that allowed him to build capital for investing in large multifamily
  • The key to successful networking
  • And much more…

Books and Resources Mentioned

Follow Us:

Other Stuff:

  • If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.
  • For show notes and past guests, please visit roadtofamilyfreedom.com/episodes/
  • Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/

About the author, Neil

Neil Henderson is the co-host of The Road to Family Freedom, a self-storage investor, and avowed proponent of short-term rental house hacking. He founded The Road to Family Freedom to guide busy parents to financial freedom through passive real estate investing.

Tagged