Hello! Jay M. here,

[Jay Macarus]

Hello all! 

I am fairly new to the Bigger pockets community, while I have been listening in to the podcast when I get the chance, I have not made any blog entries or spent too much time on the website yet. So here we are! In the past few months I picked up Brandon's preliminary book "Rental Property Investing" and this got started perfectly on my interest to become a real-estate investor. Although starting at a younger age, I see no better time then than the present to learn and gain leverage into my first deal.

My drive to getting into real-estate investing is to focus on my family of the future, create time to travel and to avoid wasted time and stress thinking about how many hours I may need to work before successfully retiring. As someone will many many hobbies and projects and little time, Id like to move toward a life where my money works more for me more, and I can be left to enjoy more time with people, projects, and the world. 

I currently rent at around $550 in the Cincinnati Ohio area and work as an Engineering Intern. With my degree wrapping up within a year, I hope to continue into a full time role where I am currently, and in the meantime put to gather a plan to House hack a small multifamily property as my first step. This is roughly: 

Phase 1 includes education on house hacking and small multifamily investing, creating a basic network, and saving any extra cash.

Phase 2 is my initial searching and closes with a contract, estimates for renovations and completion and revaluation of the property.

Phase 3 is the actual year of living at the property while saving cash flow up to then later pick up a second property.

Phase 4 is freeing up the original multifamily for full renting, and securing a second property to repeat the process and gain capital

Phase 5 is securing a mid-size multifamily complex either with capital on selling one of the two first properties or with saved up equity. 

While I'm sure there are many many lessons in store for me as I continue down this plan, I'm looking forward to adapting and working to accomplishing these points I've set out while asking questions and watching others during my early phases.

I'm always open to input and advice so never hesitate to reach out! 

With my best,

Jay M.