133: Scaling Your Business From Scratch to $50 Million in Assets with Jason Cohen

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 30 July 2015

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

How does a new real estate investor go from zero properties to over 1,000 units in under a decade? Through careful scaling! That’s the topic on today’s BiggerPockets Podcast with guest Jason Cohen, an investor who has built a sizable portfolio utilizing systems, processes and people. You’ll learn about the financing strategies needed to make this adventure possible, as well as Jason’s incredible strategy for finding real estate deals that no one else is finding. Prepare to be blown away – this is one show for the record books! In This Episode We Cover: What Jason Cohen does and the niche he targets How he scaled from 7 units to a massive 148-unit business The debacle he encountered with his first employees How he achieved the first “right” hire How many employees he has for his company How he built systems to run such a huge business Jason’s tips for getting started Proven ways to find properties How he grew his business in just 9 years How he finances his real estate deals The importance of building a good track record with the banks Insight on mentorships And SO much more! Links from the Show Top Ten Rookie Mistakes of the Multifamily Investor (blog) Building a Monster Wholesaling Business with Mike Nelson (podcast) LoopNet Austin BizJournal Pittsburgh Business Times BiggerPockets Forums BiggerPockets Podcast Books Mentioned in this Show The Martian by Andy Weir How to Win Friends & Influence People by Dale Carnegie Tweetable Topics: “If you want it, you’re going to find a solution.” (Tweet This!) “At some point you have to pull the trigger.” (Tweet This!) “If you make a mistake, create a system to where you can’t make that mistake again.” (Tweet This!) Connect with Jason Jason’s BiggerPockets Profile Jason’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 133.
0:05.0	So we own and manage over $50 million in real estate.
0:09.0	You're listening to Bigger Pockets Radio,
0:12.0	simplifying real estate for investors large and small.
0:15.0	If you're here looking to learn about real estate investing without all the height
0:19.2	you're in the right place. Stay tuned and be sure to join the millions of others who have
0:24.8	benefited from bigger pockets.com. Your home for real estate investing online.
0:30.5	What's going on everybody? This is Josh Dorkin, host at the BiggerPockets
0:34.8	podcast here with my co-host Mr Brandon Turner. What's up, sir? Not much. What's going on?
0:40.8	You know, VA Bella, man, life is good, life is good.
0:45.3	Via Bell, I don't have a spaniel. That would be Italian or espaignol, I don't know.
0:52.8	Man life is good.
0:54.5	Things are going well.
0:56.2	We've had a, you know, interesting week at work here.
1:00.7	Sure.
1:01.3	We came under attack by some rogue overseas hackers trying to
1:09.8	you know disable bigger pockets. I woke up the other morning so I have I have keyword
1:14.3	alert set for a lot of terms on BP and then I also have have subscribed to certain forums
1:19.8	on BP and one of those I have set up so that it sends me a text message so I notice when there's like a new message on the site.
1:25.0	Anyways, I woke up with 700 text messages.
1:29.0	Buzzing, I mean my phone was just buzzing continually for like three hours.
1:32.0	And what it was was these spammers coming in
	...

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