All Forum Posts by: Jarrod Ochsenbein

 Travis, 

I agree and under no illusion that I may have to get a W2 in the near future. I am using this time off to build up on knowledge and acquire as many properties as possible. I am trying to network and acquire funds for purchases since a DSCR loan is 25% for me as a novice investor. I was recently on several podcasts of folks who have over 1000 subscribers, so that may help the cause. I realize that is not a lot of people, but every little bit has a potential. :)

 Gavin - I am networking on that front for private money.  If I can I will.  Thank You

 If I use the SDIRA for down wouldn't any funds made on the property have to go back into the SDIRA?  

 I have my first co-living property I have already learned a bunch on.  Once I get that stable I will be looking for another one, but wanted to use the capital wisely.

 I will most likely pick up a W2 in 6mo or so to fill in the gaps, but I want to stabilize this property and another before I jump back to a W2.

My Goals are to get to $10k a month, so I need 5 properties at least. I currently am managing myself, but looking for a long term prop manager. I used the HELOC to do the down, but paid it off with funds that finally came back from a loan I had out. I am hoping to replace my W2 income. I don't have a W2, so I have to get things going to survive! :) LOL

Hello all you savvy real estate investors.  I am new and started focusing on Co-living.  I am house hacking in Oregon and just bought my first investment property in Glendale Arizona.  Construction is almost done turning it from a 4 bed to an 8 bed. I have $80k in the bank and wondering should I buy another house for co-living with it or should I leverage for a down payment?  FYI I don't have a W2. I just left Intel Aug 15th after 23 years to pursue real estate. :)

$105K Heloc @ 8.5% variable

$430K 401k that I am going to roll into a SDIRA.  

What would you do with these resources?

In 5 months after Joining Pace's Gator and Subto I quit my W2 as a mid level Intel IT manager. 

I started in April '23 and took me just 2 months to get my first deal.  I have done 3 Gator deals and joined Subto this month. I just bought my first home Aug 15th. I met so many friends in this space and I love it. Pace is Legit!!!!

 Thanks Salim.  I sent you a connect request.  I would love to chat.

Thanks

 Thanks Breanne - For me this is just a way to generate cashflow until I can get into Multifamily. I do want to get to multifamily sooner, so I am merging the two in a way. This house is going to be a rent by the room play.  I know it isn't true multifamily, but the cost to entry was easier. :)  My next house may be a 4 plex and then on to true multifamily.  Time will tell.