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Michael Hills Atlas Real Estate Investment Brokerage Denver

How a 41-year-old ‘house hacker’ built an $8 million real-estate portfolio that would let him retire now — if he wanted to

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Mike Hills is the vice president of investment brokerage at Atlas Real Estate, a property-management company based in Denver, and has been with the company for seven years.

But he’s been a real estate investor for almost three times as long.

Hills started out 19 years ago when he was about three months out of college. He bought his first house with a 3.5% down Federal Housing Administration loan and a $6,800 down payment that he borrowed from his mom. He still owns that house, alongside a condo, townhouse, duplex, quadplex, apartment, trailer park, and eight single-family homes.

Hills, who has been building an expansive portfolio since the early 2000s, credits his success to “house hacking,” a popular investment strategy used by owners of multifamily rental properties in which an investor lives in one of their rental units while collecting rent from the others.

Read the full story on Business Insider 

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The 8-Step Plan To Achieving Financial Freedom

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To encourage readers to become financially free, GoBankingRates.com has compiled an 8-step plan to achieving financial freedom. They address all aspects of personal finance and how the average American can work smarter, not necessarily harder. Included are tips from Atlas vice president of Investment Brokerage, Mike Hills:

Side hustles range from managing social media sites or driving for Uber or Lyft to creating YouTube videos and using them to sell ads or up-sell products or services. Mike Hills, vice president of Investment Brokerage at Atlas Real Estate, recommends “house hacking.” This involves buying a property for the purpose of renting part of it out to cover some or all expenses.

Obviously, both time and talent should go into that decision, but thinking outside of the box can help you build wealth.

Read the full article

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ColoradoBiz Magazine Names Atlas Top Company Real Estate

Tony Julianelle and Mike Hills Discuss House Hacking in ColoradoBiz Magazine

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Atlas President Tony Julianelle and VP of Investment Brokerage, Mike Hills, discuss how young professionals can house hack to achieve financial freedom in ColoradoBiz Magazine. Denver has seen a resurgence of house hacking thanks in part to the hot real estate market and increasing cost of living.

Building Wealth is Liberating

With housing consuming 37% of the average American’s budget, millions of people are living paycheck-to-paycheck and are tied down to their jobs as a result. House hacking provides a way out of this tiresome, mentally and emotionally draining cycle. Cash-strapped young professionals can generate passive income, achieve long-term wealth and liberate themselves from constant money worries through low/no down payment real estate investment, AKA house hacking.

In Denver, house hacking is a growing trend, and not just because of the hot housing market. The cost of living forces many working professionals to live far from their workplaces, resulting in stressful, time-consuming commutes in Denver’s increasingly heavy traffic. Through house hacking, many of these workers can live close to their workplace in areas with good public transportation. Plus, there are many more options for entertainment, restaurants and outdoor activities that contribute to an enhanced quality of life and a lower cost of living.

Read the full article

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Real Estate Investment Hour- Colorado Springs Event

Ryan Boykin Advises How Millennials Can Achieve Financial Freedom Through Real Estate in Mentors Magazine

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Ryan Boykin’s article in Mentors Magazine, “How Millennials Can Achieve Financial Freedom Through Real Estate,” addresses some common misconceptions about millennials and real estate. 

Contrary to the narrative promulgated by social that millennials don’t save, studies show that they are cash-savvy – and they’re saving more and buying less than previous generations. In fact, this group represents the bulk of adherents of the FIRE (Financial Independence, Retire Early) movement, wherein people try to save at least half their in-come to achieve financial freedom, and in some cases, early retirement.

According to Liz Thames, author of “Meet the Frugal-woods: Achieving Financial Independence Through Simple Living” and a prominent advocate of the FIRE movement, the concept hinges on three main elements:

• Expenses
• Income
• Time

The piece that might be missing from this picture is Investing. To build a solid financial foundation for all of your financial goals, such as retiring at a relatively young age, living comfortably, providing for yourself or your family and not being married to your job, you should understand that investing your savings is just as important as the action of saving.

One of the best ways to build steady wealth is to invest in real estate, and you don’t have to be inherently wealthy or hold an MBA to get started. Through conservative spending, smart investment and prudent saving, millennials can use real estate as a pathway to financial independence.

Read the full article

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