Good to be Green

[Jessica Coté]

Hi all- 

My name is Jess and I'm in NC about thirty minutes south of Raleigh.  I've been a silversmith for seventeen years but am really wanting a life and career shift that offers additional fulfillment and financial security.... no built-in retirement plans for us artists!

I have a gutted carriage house on the back of my property, so my thought is to get my feet wet with house hacking by creating space for a longterm tenant. I also have significant equity in my home, which I believe gives me a HELOC option for acquiring my first property to BRRRR or flip once I feel educated enough to do so.

The BP podcast has already taught me so much, and I'm gratefully here hoping to learn, share, and apply all you amazing people have to teach.  While I can definitely swing a hammer, I know there's a lot I don't know about this world and how to grow it into a successful business -  I'm really looking forward to being a part of the  group and putting in the work to build something significant in more ways than one!

[Chris Seveney]

Quote from @Jessica Coté:

Hi all- 

My name is Jess and I'm in NC about thirty minutes south of Raleigh.  I've been a silversmith for seventeen years but am really wanting a life and career shift that offers additional fulfillment and financial security.... no built-in retirement plans for us artists!

I have a gutted carriage house on the back of my property, so my thought is to get my feet wet with house hacking by creating space for a longterm tenant. I also have significant equity in my home, which I believe gives me a HELOC option for acquiring my first property to BRRRR or flip once I feel educated enough to do so.

The BP podcast has already taught me so much, and I'm gratefully here hoping to learn, share, and apply all you amazing people have to teach.  While I can definitely swing a hammer, I know there's a lot I don't know about this world and how to grow it into a successful business -  I'm really looking forward to being a part of the  group and putting in the work to build something significant in more ways than one!

 Welcome to BP. I wanted to comment about your strategy which by starting to get your carriage house ready is a great place to start as you already own the property. So it would appear that provides very low risk. You can use this as a lessons learned and get a better idea for how long something takes and how much it costs. 

Just as a heads up as not sure which timeframe of BP podcasts, but before covid you could do a BRRRR and get all your money back out of the deal, today that is typically not the case and you will still have money in the deal - so just wanted to mention that.

Lastly, you are way ahead of me and many others already as I cannot swing a hammer :)