All Forum Posts by: Jack Elliot

Welcome, Erich! I just joined BP as well and I'm wishing you all the best in your future real estate journey!

@Michelle Crochet Hi, Michelle! Thank you so much for your reply.


You make some great points about weighing options and finding that healthy middle ground. While it is Pasadena that I long for, I must be open to alternative options. It is true, investing here, or even somewhere else, could build up my investment portfolio and I like what you said about it being like a stepping stone.


Diversifying my investments is wise advice. I definitely wouldnt want all my eggs in one big, expensive basket! Thank you for your insightful guidance and taking the time to reply to my post. This has given me lots to work with!


All the best - Jack

@Nicole Masters  Thank you greatly for your reply, Nicole. What you've said really resonates with my present circumstances and the emotional aspects as well. I'm also so glad to hear that you're happy living in California and have found success there too!


You make an awesome point about finding a balance, and that balance starting where I want to be. The thought of being here for much longer really tries my patience! I do feel I needed to hear this from someone else and, notably, someone who has made the dream possible.


You achieving moving to California 𝘢𝘯𝘥 pulling off the investment game is admirable and inspiring to me, and your insights offer some great actionable goals that I feel I can work toward.


Thank you, Nicole!

Hello, all,

I just recently joined BP after enjoying the podcast for some time now and I feel I'm in a great position to find / acquire my first rental property for house hacking, and would love and appreciate any input regarding my unique situation.

I'm 21 years old, living in a small town in Southwest Missouri, making $28k/yr as a hospital driver. My family and I moved here from Pasadena, California 2 years back due to a family member passing and I received an inheritance check of $165,000 (post tax) from the sale of the Pasadena property which I grew up in. I had $40k personally saved up too, so I currently possess $200k in capital.

My dilemma is that the town we've moved to here in Missouri is growing fast and housing prices are increasing fairly quickly, although.. I don't care one bit for Missouri compared to the quality of life that Pasadena / LA had to offer (not to mention the weather!) I'm essentially going nuts where I am now and would prefer to find a way to resume the life I enjoyed in California.

My question to you folks out there is: Should I house hack through a duplex in Missouri, where I don't enjoy living, but is steadily thriving? Or.. are there any creative ways that I could apply the capital that I have so that I could live in or around Pasadena? (which happens to be one of the more expensive cities in Los Angeles County)

Perhaps I should invest someplace completely different for house hacking.. essentially taking the route of delayed gratification with the goal in mind to someday be able to comfortably move back to L.A. in the coming years.

I'm young, and so I naturally want to "live it up" and be close to my friends and family, engage in outside sports where the weather calls for it, take day trips to the beach once again etc.. But it's difficult to ignore the investment opportunities elsewhere.

I'm open to ideas, criticism, thoughts, anything at all to point me in the right direction as I face some uncertainty in this moment of my life. Thank you for taking time out of your day to read this and I wish you all a happy, healthy, prosperous new year!

-Jack