288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 19 July 2018

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable! In This Episode We Cover: Why real estate? Their first deal How they bought a four-plex and house-hacked it How they finance their deals Working their way with the bank Their current number of doors Commercial financing, residential financing, and partnerships Analysing multiple properties A deep dive on a deal Raising the rent and without losing tenants Lessons learned from an amazing deal Buying properties with no money down Upselling to their clients And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Events For Those Who Struggle Financially (Video) The Secret to Unlocking Bank Financing (PDF) Be a Podcast Guest! Brandon’s Instagram David’s Instagram Books Mentioned in this Show Rich Dad, Poor Dad by Robert Kiyosaki The Book on Investing with Low or No Money Down by Brandon Turner Investing in Duplexes, Triplexes, and Quads by Larry Loftis The Book on Rental Property Investing by Brandon Turner The E-Myth Revisited by Michael E. Gerber The E-Myth Real Estate Investor by Michael E. Gerber Fire Round Questions What brings more value, an extra bedroom or a garage space? What type of flooring do you use in your rentals, do you use carpet? What are your thoughts on investing in a property located in a flood zone? Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income Tweetable Topics: “We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!) “You find a good enough deal, the money’s going to be there.” (Tweet This!) “There’s a way there’s a solution. You have to make it work.” (Tweet This!) Connect with Jason and Carrie Jason’s BiggerPockets Profile Jason and Carrie’s Company Website Email Jason and Carrie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 288.
0:04.0	That was one of the first times we had used the birth strategy and seen that kind of profit
0:09.0	and with only $3,000 of our own money.
0:13.3	And so it was just kind of crazy realizing,
0:16.4	I mean, you really can't, people tell us all the time,
0:18.2	you can't buy real estate anymore with zero money down,
0:20.8	but we would argue you can, you can buy money with zero dollars down and I think
0:25.9	that was our that was my lesson.
0:28.8	You're listening to bigger pockets radio simplifying real estate for investors large and small.
0:35.8	If you're here looking to learn about real estate investing without all the height, you're
0:39.8	in the right place.
0:41.6	Stay tuned and be sure to join the millions of others who have benefited
0:45.2	from bigger pockets.com. Your home for real estate investing online.
0:50.3	What's going on everyone? This is Brandon Turner. Today's host of the BiggerPockets
0:55.0	podcast here with my co-host Mr. David Green. How you doing David Green?
1:01.6	What's going on BT? I'm doing really good. We have some awesome guests today
1:06.0	And you know it's funny is actually mentioned in the very beginning of this podcast the velocity of money
1:10.5	And that is what I'm going to be talking about in the next meetup that we have coming up is why the velocity of money is important and what it is.
1:17.0	Fancy, look at you doing meetups.
1:20.0	Yeah, you know, this is just a message to everybody out there listening to this right now.
1:23.6	If you're not regularly, regularly meeting up with other real estate investors, man, you're missing out.
1:30.0	There's so much you can learn and grow as an investor just by being around other people who are doing awesome stuff.
	...

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