566: 10 Properties in 8 Months by Saying “No” More Than “Yes” w/Jason Rash

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 3 February 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

How many rental properties do you own? It could be one or one hundred rentals. But, whether you’re a rookie or veteran real estate investor, it’s hard to not be impressed by Jason Rash’s story. Jason has put off investing in real estate for most of his working life, focusing more on passive income streams like investing in stocks. This all changed when Jason saw tens of thousands in stock value disappear from his accounts. He wanted something more reliable, stable, and calculated that he could control. Of course, real estate investing fits that criteria exactly. So what did Jason do? Did he go and buy one rental, wait a few years, and then try to buy another? Nope. Jason went and bought ten properties over the span of eight months. That more than one property a month within his first year of investing! Be warned, there is a method to this madness. Jason has a tight control on his long-distance investing, having only the best agents, property managers, plumbers, electricians, and contractors on speed dial. This wasn’t a system he fell into, this was a system he intentionally built. Jason shares his six-part criteria that any new investor can use, especially when trying to minimize headaches and maximize cash flow. In This Episode We Cover: The huge competitive advantage of having local knowledge and a core four Lowering your property management fee while creating a win-win for both parties Seller credits and using them to finance house repairs and upgrades Fighting off “shiny object syndrome” so you can stay focused on your goal Jason’s six-step criteria to buy headache-free houses when investing from a distance Building a scalable, repeatable, simple system for finding, funding, and closing on great deals And So Much More! Links from the Show: BPCON2021 Zillow TEDx Talks: How to Succeed at Doing Anything | David Greene | TEDxRoseville Airbnb BiggerPockets Website David Greenes's Instagram Grant Cardone's Website Check the full show notes here: https://www.biggerpockets.com/show566 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pogas Podcast Show, 566.
0:05.0	When you're investing in real estate,
0:06.2	it should be the complete exact opposite experience
0:09.0	of you buying your personal home.
0:10.9	Like your personal home is like your personal home.
0:12.4	Like, oh my god, I wanna live here.
0:14.0	I wanna know these neighbors.
0:15.1	Oh my god, I love this countertop.
0:16.4	I love these colors.
0:17.4	Oh my god, the views amazing.
0:18.5	When it becomes a rental, like none of that matters.
0:20.8	None of that matters.
0:21.7	Like the only thing that matters is the numbers.
0:23.4	What's going on everyone?
0:31.8	This is David Green.
0:32.6	You are host of the Bigger Pogas Podcast,
0:35.0	where it is our job to teach you how to become financially free
0:38.2	through real estate.
0:39.4	We believe real estate investing is the best way
0:41.4	for ordinary people, just like you and me, to build wealth.
0:44.4	And we prove it by bringing you stories of people
0:46.3	who started out right where a lot of you are today.
	...

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