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All Forum Posts by: Jason Carlton

Jason Carlton has started 2 posts and replied 6 times.

Also, how do you tag names on here to reply directly to people? I tried but don't think I did it correctly. 

Originally posted by @Matt Crusinberry:

@Jason Carlton, All the books on real estate investing is relevant, with emphasis on Recession-Proof Real Estate Investing, and The House Hacking Strategy (because that's the direction you're headed as you previously stated). While the world waits to see how all this plays out, it's my recommendation to learn as much as possible. The market will adjust, whether it turns to good or bad in the near future. It's in your best interest to use this time to learn, and interest rates are still at an all time low. So, house hacking should work to your advantage at this point in time. I hope this helps, and I wish you the best of luck!

@Matt Crusinberry Good to know. I've got my eye on Brandon Turner's The Book of Real Estate Investing with No and Low Money Down. So even an approach like that could still be feasible?

Good to know. I've got my eye on Brandon Turner's The Book of Real Estate Investing with No and Low Money Down. So even an approach like that could still be feasible? 

I know better than to try the get rich quick approach, but I would like to start the journey to building wealth sooner rather than later.

Hey all. I'm wanting to make my first foray into real estate investing in the next year or so, and wondering what books or even articles are still have guidance that is safe and relevant in these times? I know they said in the podcast that so many of the rules of economics have gone out the window with the pandemic. Specifically I'm interested in house hacking (first home purchase) and rental arbitrage. Thanks in advance.

Post: Atypical pre-REI situation: lower choppy income, new small biz

Jason CarltonPosted
  • Richmond, VA
  • Posts 7
  • Votes 4

Definitely plan on bringing in more in the future, but not sure how long it'll take. Hopefully I can at least equal this year's income over the next year after cutting the cord to the company I'm with.

Post: Atypical pre-REI situation: lower choppy income, new small biz

Jason CarltonPosted
  • Richmond, VA
  • Posts 7
  • Votes 4

Hey all, brand spanking new to this forum and looking for guidance for a situation I haven't noticed being covered. Apologies in advance if there's too much detail!

So I really want to set myself up to get I to REI as soon as possible, but I'm not the typical 9-to-5, $50k/year office worker much of the advice caters to. I'm a $25k/year licensed massage therapist, just hit my first year of solo business (so still inconsistent revenue) while gradually tapering off my main job (diminishing revenue), so I'm entering a phase of much less predictable income. I've already learned to live pretty frugally with expenses around $1400/mo, though I could tighten up a bit more again. Still have around $20k in low to no-interest debt, and have about $7500 in savings.

My goal is financial independence in 10 years via building my business into a large practice while investing in buy and hold rental properties.

I know I basically need to knock out the debt, and save up for my first down payment. It just feels like a bit of a slow and lonely path I'll be on for a while, so I'm just looking for any inspiration, direction or advice I can get right now!