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All Forum Posts by: Jaylin Evans

Jaylin Evans has started 1 posts and replied 2 times.

Post: HOUSE HACK (2x)

Jaylin EvansPosted
  • Posts 2
  • Votes 1

Thanks for your response, 

I was able to obtain the deal #1 by using an FHA loan and moving into one side of the property (Duplex). Then for Deal #2 my fiancé purchased the same using FHA and we moved into one side of the duplex, where we are still currently living since the purchase in 2023.

I feel like I let time fly by in the last two years and I was not putting the money away fast enough, I feel a little behind the curve. But I hope that answers your question.

Post: HOUSE HACK (2x)

Jaylin EvansPosted
  • Posts 2
  • Votes 1

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