HOUSE HACK (2x)

[Jaylin Evans]

Hey BP Fam 👋🏾
I’m looking for some insight as I prepare to scale my real estate journey.

I’ve successfully completed two house hacks in the Atlanta outskirts:

• Property #1: Purchased in 2022 for $250K with a 4.3% interest rate (FHA loan)
• Property #2: My wife purchased for around $270K at a 6% interest rate (also FHA)

Both have been great learning experiences, and I've officially made the leap into full-time entrepreneurship. To position myself for the next move, I've tapped into a portion of my 401K (wasn't much for tax penalty & REI would make more on the returns) and have additional funds set aside for our third purchase. We also have about $100K in equity between the two properties, which we haven’t touched yet.

For this next deal, I plan to use a 5% down conventional loan.

Here's what I’m looking for:

• General advice on how to scale wisely from here—especially over the next 1–3 years
• Thoughts on using existing equity to fuel future deals
• Any creative strategies you’ve used to grow beyond the “starter phase” and build momentum
• Tips to make this next purchase even stronger than the first two

[Zach Lemaster]

@Jaylin Evans congrats on the success so far!  I started with HH, and it's a great way to scale in the beginning with minimal down payments.  

I would be very intentional on your next investment as you've worked very hard to get to the point you are now.  There are many different ways to invest.  It's okay to take your time to decide on the next appropriate investment.  If your local market doesn't make sense, look at other markets.  If you don't self manage, be sure to spend ample time vetting mngt teams. 

Be realistic with yourself about how involved you want to be.  

I recommend splitting up your strategy some to diversify as well.  If you are looking for more passive ways to invest, I recommend notes.  7e has the best reputation in the note space on BP.