The most honest video watch! I dislike when most other videos for free! It takes money to make money nothing is FREE!!!! Love your video.

@thejonschwartz

24 күн бұрын

Thank you! Getting into real estate always has a cost - if not a meaningful amount of money, then a huge amount of time!

THIS THE BEST DAMN VIDEO ON KZread!! 🙏🏾 THANK YOU

love the concept. I just bought a house in Merced, and it’s my 2nd on this house hack journey. I’d want my 3rd property to be in LA. but… it takes a lot more patience and work to find properties where the numbers make sense here, especially if putting 10% or less down.

@thejonschwartz

10 ай бұрын

The numbers in LA don't make sense if you're just assessing on cashflow. LA is an appreciation market! But here's the pro tip: to achieve cashflow, buy a duplex that allows for one or two ADUs to be built (or converted from existing garage or other structures). Phase one of the investment is just buying the property -- which is expensive enough in LA! Phrase two is building the ADU(s). At that point, you'll have an asset worth a lot more than you put into it with serious cashflow. And if you need any help with that, you know who to call (me!).

@bloodphantom81

10 ай бұрын

@@thejonschwartzthanks for the thoughtful reply! we were in contact last year about setting up a chat but I think our schedules didn’t align or something, idk! I’ll email you again :)

Thank you for breaking this down. You have my follow. Please make more videos like this covering the details with good vs. bad properties and mistakes to avoid. Cheers 🎉

@thejonschwartz

8 ай бұрын

You're so welcome! I appreciate the follow!

Good analysis and example. You said earlier in the video about buying a place in Indiana and losing money, then you give an example in a high crime area of St Louis Missouri. There are times when the best bet is waiting and letting the market settle out. This is one of those times. Don't buy a duplex near Ferguson MO and expect it to work out. It likely will not.

Now give an example in california. Specifically in Socal or Norcal please.

@thejonschwartz

2 ай бұрын

Sure! What kind of down payment are you able to make?

@Olvera_emi

Ай бұрын

Would it work with an fha loan. 50k or less

Great video. Thanks. Can you house hack in different markets with fha loan or does it have to be local. My lender says it has to be within a certain radius of my job.

@thejonschwartz

2 ай бұрын

Well, FHA loans are only for owner-occupants. If you’re buying a house in another market with an FHA loan, you have to convince the lender that you’re moving there and will occupy the home.

Hi is it possible to message you when i get in the passion to buy another house. I have to sell my second house due to a failed relationship. But i want to save up and get into this. It would be very beneficial.

@thejonschwartz

2 ай бұрын

Awesome! Join my mailing list so we can keep in touch: www.househack.la

Do you offer any personal tutorials

@thejonschwartz

2 ай бұрын

I don't... but if you're in LA, I can work with you!

Nice story, but not from reality 😂 You need to pay off 25% of your current fha to be able to get a new one

Can't you only have 1 FHA loan at a time?

@thejonschwartz

3 ай бұрын

I believe you can move into a new primary residence and take out a new FHA loan after a year of occupancy.

@viktorivakhno2244

3 ай бұрын

You need to pay off 25% equity of your current active FHA to be able to qualify for a new one