All Forum Posts by: Jason Kunst

Hi everyone, I am currently reading Set for Life by Scott trench, it’s great so far. I am on step one for saving $25,000. Once I get there I was considering house hacking a quadplex. I was wondering if it is realistic to get one where the cashflow from 2 units covers the mortgage principal and interest? I think this would mitigate vacancy cost but I was wondering if anyone has experience with this? Thanks, Jason.

Ok, when it comes to saving money, should I just put it in a savings account or put it in something like a retirement account and pull it out when I need it?

Thank you Jill, I was thinking house hacking to start and then renting out small Multifamily properties overtime. I am reading the free ebook from bigger pockets and listening to the podcasts. I’m also looking at getting a few books from bigger pockets. What books would you recommend for small Multifamily properties specifically?

Are Multi-Family investments properties ideal in a more rural area? Or would single family homes be better? Is there a rule of thumb for this or does it just depend on your market?

Ok, should I save enough for a 20% down payment plus any closing and rehab costs?

My Name is Jason Kunst I live in Northwest Indiana, and I’m looking to start house hacking.I am currently renting with my brother and will be at my current residence for another 18months because we are supporting my mom.  I make about $39,000/yr and have $5k saved up. What should be my 1st step? 

More details, I make about $39,000/yr with $5k saved and I’m going to be renting at my current residence for about 18 months. What should I do to start?

Hi everyone, My name is Jason Kunst, and I live in Northwest Indiana. I am brand new to the idea of financial independence and real estate investing. I started out my journey for financial independence after reading Rich Dad Poor Dad. It really gave me a new direction and a hopeful attitude toward my finances and to my future. I was aimless and had no real goals and was frustrated as to why I couldn’t get ahead. But now, I I feel hopeful and optimistic about my future. My current situation is I come home from college to my parents getting divorced. We sold our childhood home and my brother and I are supporting my mom while splitting rent on a house. My current plan is to start investing through house hacking while maintaining my job. I would like my investments to be in multi-family properties so I can build wealth and take care of my mom. This seems to be the best way forward for me and I would love some input on this plan. I look forward to learning and growing with Bigger Pockets. Sincerely, Jason