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Real Estate Rookie

129: 5 Properties After Spending 8 Years in Prison (With ZERO Credit!)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 10 November 2021

⏱️ 63 minutes

🧾️ Download transcript

Summary

What if you treated the lowest point in your life as a beginning instead of an end? What if you were told real estate investing could be the second chance you’re looking for? Why give up when you could level up? Today’s guest, Jason Peterson, took back control of his life by doing exactly that. Instead of giving into adversity and strife, Jason found a way to turn his life around, through real estate investing. After eight years of incarceration, Jason went from a zero credit score to buying his first property a year and a half after his release. Now, he has acquired five properties and is on the path to becoming financially free. He did all this with the help of his mentor, support from his loved ones, and the education he received in a sandwich shop. So, what’s stopping you? We touch on topics like overcoming adversity, finding a mentor, seller credits, building credit, and how to invest with little capital. If you’re at a breaking point or need the motivation to keep going in the real estate investing game, this episode is perfect for you! In This Episode We Cover Overcoming adversity and not letting your past define your future Investing and buying properties with little capital or credit How the use of a mentor can help elevate your knowledge The risk involved in house hacking or investing and why it’s ultimately worth it The use of seller credits and how to get creative with your financing How to build the credit you need to invest (even if you’re starting from zero!) The time-tested buy and hold method and its advantages for rookie investors And So Much More! Links from the Show Real Estate Rookie Youtube Channel Ashley's Instagram Tony's Instagram Real Estate Rookie FaceBook Group Rookie Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” Strategy BiggerPockets Podcast Real Estate Rookie Podcast MLS Craigslist BiggerPockets Rentredi QuickBooks Check the full show notes here: https://www.biggerpockets.com/rookie129 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

All right you guys rookies before we get to today's show we have a quick favor to ask yeah guys so here is the deal we want to make this show better than ever heading into 2022 and we need your help to do that so if you're a super fan who listens to almost every episode maybe you're amused by the way Ashley changes the number nine to niner or maybe you've DMed me on instagram about my house and tree for I can't sell you come from a walkie talkie

0:30.0

join our rookie circle group we are going to give you guys access to some of the episodes before they actually go live plus the chance to personally appear on live shows with us and this is just all free we just want to include you guys and have you a part of the rookie community all we ask is that you're willing to keep listening to the show and provide us with regular feedback through email surveys so does that sound fair to you if so sign up at bigger

0:59.9

pockets dot com board slash circle that's bigger pockets dot com board slash circle and we'll put a link in the show notes for today's episode to one more time head over to bigger pockets dot com board slash circle for access to exclusive content and a chance to make your feedback

1:19.4

heard now enjoy the show guys this is real estate rookie one twenty nine or

1:29.3

I'm at the point now where I might not have to wake up at an alarm clock I can just have my son come wake me up and I can watch him grow and it's amazing

1:38.6

it's amazing the 180 my life is pretty much turned into because of real estate

1:44.5

if you guys are sick of hearing the Niners I just want to say that Tony reminded me that this was a

1:51.5

nine or episode because I originally said on the 29 so blame Tony anyways I'm Ashley and I'm here with my

1:59.9

lovely co host Tony who we had to pause for a second so that he could text his wife and ask her to

2:06.8

warm up some food for him because we have about a 15 minute break before we record another session

2:14.0

priorities asher we we got to have priorities in place for podcasts recording food and that order exactly yeah yeah

2:22.6

gotta get it all down what what's new in your world well when we come back on in 15 minutes it will be

2:28.0

both of us eating that's always what happens it'll be like a minute late and there's both of us

2:32.4

shoving food you guys would be so surprised if you saw the behind the scenes of making these podcasts

2:40.0

but luckily you you all just get the fitness product the finished polished version of Ashley and I

2:45.2

so actually the worst part of us is when we're recording ads like the blooper reels for that is

2:51.0

yeah that's entertaining if you guys were at bpcon you probably saw some of these bloopers being

2:56.9

played during the intermissions and got to see the real highlight reel behind the scenes

3:02.5

so Tony tell us about Jason our guest today what did you think man I absolutely love love love love

3:11.8

this conversation Jason's story I won't get into it too much but I think he's the first guest that

3:17.9

we've had that spent an extended period of time in prison and still came out on the other side to

3:25.0

build a successful career as a real estate investor so many so many so many good just like life lessons

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