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Real Estate Rookie

426: 6 Properties & Financially Free in Just 3 Years ($20K/Year from ONE Rental) w/Jayson Ewert

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 1 July 2024

⏱️ 46 minutes

🧾️ Download transcript

Summary

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! In This Episode We Cover How to become a full-time real estate investor (and finally leave your W2 job!) Covering your mortgage payment and living expenses by house hacking What you must do each month to make sure your Airbnb stands out How to squeeze MORE cash flow from your portfolio with short-term rentals What you can do today to prepare for vacancies, evictions, and major repairs Why choosing the “right market” isn’t as important as you probably think And So Much More! (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! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-426 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is real estate rookie episode 426.

0:04.4

Is financial freedom possible for rookie investors?

0:08.0

My name is Ashley Kerr and I'm here with Tony J Robinson.

0:12.8

And welcome to the Real Estate Ricky Podcast

0:14.9

where every week, three times a week,

0:16.8

we're being you the inspiration, motivation,

0:19.0

and stories you need to hear to kick start

0:20.8

your investing journey.

0:21.6

Now, today's guest,

0:23.0

Jason Ewert is an investor out of Colorado Springs.

0:26.1

And after feeling stuck in the Army,

0:27.8

he realized that he wanted to take control

0:30.2

and just really change the trajectory of his own life by investing in real estate.

0:34.0

And today we're going to hear how he transitioned to a full-time real estate investor

0:38.1

and how after three years of leaving the military he reached his goal,

0:41.6

financial freedom with real estate investing.

0:44.0

Jason, welcome to the show.

0:45.6

Hey guys, yeah, honored to be on the show, definitely looking forward to the discussion.

0:50.0

So Jason, can you kind of paint the picture for us?

0:53.3

What did life look like for you before you even

0:57.4

knew what real estate investing was?

0:59.4

Yeah, yeah, good question.

...

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