Do you dream of becoming a full-time real estate investor? Having the financial stability to leave your W2 job might seem like an eternity away, but if you start investing now, it doesn’t have to take as long as you think. Just ask today’s guest, who was able to achieve financial freedom in just THREE years!
Welcome back to the Real Estate Rookie podcast! Jayson Ewert spent six years in the U.S. Army before realizing he didn’t want to be a military man forever. While renting a house with a few friends, he was amazed by how well his landlord was doing and wondered whether real estate investing might be an option for him. Before long, Jayson had read Rich Dad Poor Dad cover to cover and was determined to start buying small multifamily properties. Six deals later, Jayson has completely replaced his W2 income, allowing him to commit his time and energy to managing his portfolio and finding more deals!
In this episode, Jayson dives into house hacking, an investing strategy he uses to help cover his living expenses. He also shares some of his biggest lessons learned, including what he wishes he had known before dealing with vacancies, evictions, and other unforeseen expenses. If you have an Airbnb, you won’t want to miss the pro tip that will ensure you stay competitive!
In This Episode We Cover
How to become a full-time real estate investor (and finally leave your W2 job!)
Covering your mortgage payment and living expenses by house hacking
What you must do each month to make sure your Airbnb stands out
How to squeeze MORE cash flow from your portfolio with short-term rentals
What you can do today to prepare for vacancies, evictions, and major repairs
Why choosing the “right market” isn’t as important as you probably think
And So Much More!
(00:00) Intro
(00:50) Life Before Real Estate
(07:29) Jayson’s Portfolio & FIRST Deal
(12:36) Becoming a Full-Time Investor
(16:49) Costly Vacancies & Evictions
(25:00) Managing His Portfolio
(27:52) House Hacking 101
(34:38) $20K/Year from ONE Rental!
(39:34) Connect with Jayson!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-426
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