Episode #426
Do you dream of becoming a full-time real estate investor? Having the financial stability to leave your W2 job might seem like an eternity away, but if you start investing now, it doesn’t have to take as long as you think. Just ask today’s guest, who was able to achieve financial freedom in just THREE years!
Welcome back to the “Real Estate Rookie” podcast! Jayson Ewert spent six years in the U.S. Army before realizing he didn’t want to be a military man forever. While renting a house with a few friends, he was amazed by how well his landlord was doing and wondered whether real estate investing might be an option for him. Before long, Jayson had read “Rich Dad Poor Dad” cover to cover and was determined to start buying small multifamily properties. Six deals later, Jayson has completely replaced his W2 income, allowing him to commit his time and energy to managing his portfolio and finding more deals!
In this episode, Jayson dives into house hacking, an investing strategy he uses to help cover his living expenses. He also shares some of his biggest lessons learned, including what he wishes he had known before dealing with vacancies, evictions, and other unforeseen expenses. If you have an Airbnb, you won’t want to miss the pro tip that will ensure you stay competitive!
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Property Manager Finder:
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See Ashley and Tony at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none
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Books Mentioned in This Episode:
“Rich Dad Poor Dad”: https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
“How to Invest in Real Estate”: https://store.biggerpockets.com/products/how-to-invest-in-real-estate?utm_source=owned_media
“The House Hacking Strategy”: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media
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Real Estate Rookie – Episode 347: How to Quit Your W2 Job and Become a Full-Time Real Estate Investor:
https://www.biggerpockets.com/blog/rookie-347?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Jayson on BiggerPockets:
https://www.biggerpockets.com/users/jaysone5?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
Show notes at: https://link.chtbl.com/Rookie
00:00 Intro
00:50 Life Before Real Estate
07:29 Jayson’s Portfolio & FIRST Deal
12:36 Becoming a Full-Time Investor
16:49 Costly Vacancies & Evictions
25:00 Managing His Portfolio
27:52 House Hacking 101
34:38 $20K/Year from ONE Rental!
39:34 Connect with Jayson!