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All Forum Posts by: Aaron Sommerville

Aaron Sommerville has started 2 posts and replied 3 times.

Post: Not your typical Real Estate post but this is my journey so far

Aaron SommervillePosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 3
  • Votes 0

I've been looking for a job for 4 months now and it's so weird. I've had at least 4 interviews where I felt like I absolutely crushed it, made people laugh, connected, shared my value and was so sure I was going to get the job only to get past up....

I left my IT career in 2022 and created a web design agency in 2023 where we turned $100,000 in revenue! I didn't go to school for business but I had a dream and I followed it. I learned a lot, I had a lot of losses and wins and I do not regret my choices at all.

I got burned out with Web Design and started two Saas companies in 2024 with my co-founder all while living with my parents in laws house with my wife and our two kids. The first company completely failed and the second company got 3 customers, however I faced burn out AGAIN!

I got so stressed last November and couldn't afford Christmas presents, it was absolutely defeating. I've been selling websites on the side this year and did about $7,000 in revenue, I am proud and blessed that I am able to do so. I've focused more on my health and really helping other people. Mainly consult with my family and friends who have small businesses. I gives me a sense of fulfillment.

I'd like to get a remote full time job where I can save up for my first rental property in the next 14 - 16 months! It's what my mentor advised. I'm starting to look at the long term and not just the short term. However with the constant rejection it just feels slow progress so I've been focused on just enjoying life and spending more time with the family.

Any words of advice here? Do you know anyone that is hiring and would LOVE to have me be apart of the team? Some days I feel like this is a sign from God and that I'm not meant to work for someone else and that I should continue to down this entrepreneurial path......

Much Love,
Aaron

Post: Purchasing my first rental property in 12 - 14 months, any advice?!

Aaron SommervillePosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 3
  • Votes 0
Quote from @Julia Lyrberg:


In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies. An inspection is crucial to catch any major issues upfront. 

Where do I begin to learn about the cost associated with the 3 - 6 months of expenses and the inspection process?


Post: Purchasing my first rental property in 12 - 14 months, any advice?!

Aaron SommervillePosted
  • New to Real Estate
  • Charlotte, NC
  • Posts 3
  • Votes 0

Hey Everyone,

I am completely new to Real Estate. 

My original plan was to save up for a year and buy my first home. After talking with my mentor (He's a realtor with 20+ years experience) he suggested purchasing a rental property first. He mentioned looking into FHA loans and after some research I see that you need to live in the home for 12 months before converting it into a rental property. One of my friends suggested finding a duplex.

I found a single family home built in 2004 for $240,000 and believe I can get 20% down within 12 months. However I am wondering what I need to have in addition to cover repairs and others things that I may not be considering.

Any advice and recommendations would be much appreciated!

Aaron