145: Creative Investing in an Expensive Market, Seller Financing, and Buying Foreclosures with Grammy-Nominated Jeremy Jones

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 22 October 2015

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of The BiggerPockets Podcast, we sit down with an investor who’s also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy! In This Episode We Cover: A little bit about Jeremy and how he started How he got into real estate by chance through his music career How to maximize your income by renting by the room His first non owner-occupied rental What you should know about buying foreclosures The BRRRR Strategy and how to use it Advice on having a “long term flip“ A discussion about hard money The importance of having exit strategies in mind ahead of time The topic of refinancing How to develop a criteria for purchasing houses How exactly banks and loans work REO vs. foreclosure auctions How Jeremy uses seller financing Where he buys properties and why he keeps them close to home How he manages his property and finds great contractors And SO much more! Links from the Show Interested in becoming a guest on the BiggerPockets Podcast? Click Here Building a Rental Portfolio Through “Long-Term” Flips RedFin BiggerPockets Forums Books Mentioned in this Show Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki The Power of Full Engagement by Jim Loehr The Law of Success by Paramahansa Yogananda Tweetable Topics: “If you have comps in mind, you can increase your confidence.” (Tweet This!) Connect with Jeremy Jeremy’s BiggerPockets Profile Jeremy’s Personal Website Jeremy’s Airbnb Property 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 145.
0:05.0	You know, people are out there meditating or doing yoga or taking pictures and I just think,
0:10.0	this is awesome because I'm paying for my mortgage and I'm bringing them joy as well.
0:14.0	You're listening to Bigger Pockets Radio. Simplifying real estate for investors large and small.
0:20.0	If you're here looking to learn about real estate investing without all the hype, you're in the right place.
0:26.0	Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.
0:32.0	Your home for real estate investing online.
0:35.2	What's going on everybody? This is Josh Dorkin, host to the BiggerPockets
0:39.6	podcast here with my co-host, Mr Turner what's up man how's the road going the road is going
0:47.3	okay the road is going okay I got my wedding tomorrow and you're getting married
0:51.1	I'm going not my wedding.
0:53.0	Mazzle. Thank you. Thank you. I'm in a wedding tomorrow and going to...
0:57.0	Have you learned who the groom is yet? You know, I...
1:00.0	What's the groom's name, Heather?
1:02.0	She doesn't know either. What's the groom's name, Heather?
1:05.0	She doesn't know either. All right, I don't feel so bad.
1:06.0	She's looking at me like...
1:07.0	This is her friend, correct?
1:08.0	This is our friend.
1:09.0	Oh, this is our friend.
1:10.0	And yet neither of you knows that.
1:12.0	We've only met him one time, so I don't feel so bad but we're
	...

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