All Forum Posts by: Jarrod Ochsenbein

 I would have expected David himself to come on and say goodbye rather than D. Meyer. Very odd from my point of view.  We are left to guess. I would guess there was a disagreement and or contract dispute. It will be interesting to see how it unfolds and what David does with his followers.  If there is a split I wouldn't be one to follow one or the other. I would follow both David's future information and BP.

Just curious if David quit to go on to something else or with this economy was David let go to save BP some money?  I like all the hosts, just curious if anyone knew the story. 

I'm lending to my repeat borrowers on some of their paid off properties in first lien position.

It should be relatively stable.  I only have 7 months of data, but other hosts say Padsplit tries to at least keep everyone as close to 80% as possible.  I have been in the 70% range before.  I have a W2 and other investment income, so it isn't like I am dependent on it, but just a cool milestone in the back of my mind.

Hit a minor milestone of mine. My rental income profit now pays for all my bills. Next month is looking even better.

Not bad for only 1 year of investing.

I am doing co-living in Arizona, but live in Oregon.  I was on Michael Zuber's podcast last sunday, but I don't think I can post links.

Here is my co-living portfolio in Arizona. This doesn't include my house hack in Oregon or my other investments.

 Everyone says FB is best, but I have found that Turbo Tenant has been the best.  I used the 30 day free thing and it was great. I will go look to see what it costs and will probably buy it.  FYI - It is not setup for rent by room.  I post my properties there as a 1 bedroom and when I get emails on it I have to let them know it is a room for rent.  About half disappear after that and the other 1/4 are couples.  So I have had many potentials and only 4 actually move in from this, but worth it in conjunction with whatever Padsplit is doing.  I will say Padsplit seems to target the 80% mark and then give up and focus on other vacant properties. I don't blame them if that is true.  I have 3 properties and that seems to be what I have observed at least with mine in the Phoenix Arizona market.  Updated performance  -  

Quote from @Joe S.:

Quote from @Jarrod Ochsenbein:

Started REI in August of '23. Purchased a test pilot home for shared housing. It was successful so I bought 2 more. I am pleased with the results so far. Using Padsplit along with FB Marketplace and Turbo Tenant for marketing. I haven't made my first payment on my 3rd house yet and super happy with the results. Thanks Tom Wheelwright for writing the book "Tax Free Wealth". I read it in April/May of '23 after the tax season and I swear if I ever meet Tom I am going to give him a big ole Kiss!!!! :)

 Are you needing to use the other sources along with Pad Split to fill your properties? How long have you been working with PadSplit?

 Yes - I am using FB Marketplace and Turbo Tenant.  I have 4 or my last 9 from TurboTenant.

In that case I may qualify myself.  I have 8 units from '23 and spent the first 6 months looking, buying, deploying 16 more units.  I just recently, June 3rd, started a W2 role.  Technically that is 6 mo and 3 days.  I would imagine that would satisfy the requirement of 50+%, but will talk to my CPA.

Thanks Sean!

I use Jeff Nash for my rentals and am happy.
He may not be happy with me this year since I bought two more rentals and moved my banks half way through the year. :)
I found him via my law firm, KKOS.  I asked for the best real estate CPA and they gave me 3. I interviewed them and liked Jeff the most.  I later found out he is all over Bigger Pocket, which I love. Here is his BP profile. https://www.biggerpockets.com/users/jeffn148 

Happy hunting!

If your wife has a real estate license but doesn't hang it with a broker, does that still count as a real estate professional?  I'm guessing the answer was no and she'll have to hang it with a broker but just thought I'd ask.