All Forum Posts by: Jayson Ewert

I may have someone interested. Can you send my way or give me the address?

Hey Ashley! That outdoor kitchen is awesome…what price point are you thinking?

Hi Jamie,

I have 2x clients that may be interested, depending on the price point. Please send any details to [email protected]

Not necessary. You also can't/don't want to change the entity that is purchasing the property right before you close on the house. When you're living in the house, it'll be in your name. When you move out, you can switch it to an LLC (make sure to ask your lender about this) or you can just keep it in your name. I personally think the concern about LLCs isn't necessary until you have a handful of properties.

Nope. Don't worry about step 10 if you're at step 1. If you focus too much on your future problems, you'll be too scared and overwhelmed to start.

Great question. For me, it's around 25-30 units. I'm at 13 rental units and it generally covers my recurring monthly costs (around 3500-4000 a month). I purchased property #1 in May of 2020. I'm also a licensed agent in Colorado and that money goes to my "wants" like special trips, gifts, and money for my future rental properties.

If I wanted to 100% live off my rentals and have no issues or concerns with money (reasonable quality of life), I'd want to be closer to 25-30 rental units. Keep in mind, when I have a bad month or an eviction etc it would be very painful if I was only relying on my rental income.   

#2! Use a conventional loan to get a 2,3, or 4 unit building to house hack. Fannie Mae JUST introduced a 5% down option for up to 4 units. Any good lender should know this. It's a better option because you can drop the mortgage insurance once you're at 20% equity, VS FHA where the insurance stays with the life of the loan.

Sweet! Welcome. I did it the other way around. Started as an investor and now I'm an agent.
Don't be afraid to go to a local meetup as well!

Nice breakdown! I've been seeing many listings lately popping up as assumable. I even saw an 800K ranch home. Sadly, I've maybe 60% of the listing agents have approved the assumption through the seller's lender. Most are placing it as "assumable" only because the seller said they're willing to do it.

I've considered buying in Florida (Ft. Myers area) for a while due to the desirable climate, population growth, low property taxes, and consistent tourism. On the other hand, I see some risk on the insurance side. Several insurance companies have pulled out of Florida entirely due to the cost of paying out expensive insurance claims from floods, hurricanes etc. Do you think the positives outweigh the negatives? Especially with insurance premiums being one of the highest in the continental US.