Light that spark fire nation J L D here and welcome to entrepreneurs on fire brought to you by the HubSpot podcast network with great shows like CEO school.

Today we'll be breaking down how an entrepreneur scaled from two duplexes to over 1800 units in just six years to drop these value bombs.

I brought Jason Yarusey into EO fire studios Jason is the founder of Yarrusey holdings with his wife P. Lee they have acquired $180 million and real estate across 1500 multi family units since 2017.

He is an avid ultra runner and workout enthusiast he hosts the multi family live podcast and Jason and P. Lee Yarrusey on YouTube.

In today's foundation we'll talk about this scaling we'll talk about the hundred mile mindsets we'll talk about producing massive income and how the riches are in the niches and so much more fire nation when we get back from thinking hours sponsors success story hosted by Scott D. Clary is brought to you by the HubSpot podcast network and features Q&A sessions plus convo's on sales marketing business and more a recent app on how to protect your business in times of crisis is a

lot of things that you must listen listen to success story wherever you get your podcasts Jason say what's up to fire nation and share something that you believe about becoming successful that most people disagree with sure yeah I'm excited to be here and what do most people disagree with about honestly is that you have to be lucky right and most times say what you hear that is I'm not lucky I just I don't have luck having grown up in the right family or having a lot of fun.

I'm not the right family or having been around the right people I didn't get the right school or the right education but it's the action that keeps most people from where they want to be is the thinking about where they want to go the thinking about what they want to do and not taking productive steps to get there and when they do take that first step ultimately just giving up too early right the path there so many times what is it the we we think the destination is they is actually the vehicle but the vehicle is what's driving us to where we want to be and we can just continue on that road.

Everything we want in front of us it's just the action steps to get there that have to be taken as soon as possible to put yourself on the path forward to where you want to be will fire nation I can tell you with absolute certainty that Jason is an action takeer because as you heard about in the introduction we're going to talk about how he scaled from two duplexes to over 1800 units in just six years so Jason let's cut to the chase brother how do you want to do that.

It does come down to the mindset first of just choosing where you want to be right and I was in a position where I wasn't happy with where we were it was actually might were husband wife company here you were see holdings my wife Pele and myself and we want to get back our time the

short working in New York City bar so even more than that you know we were bartenders probably a little more than 10 years ago right and so we started saying we want our time back and what we found is that all the activities all the jobs we're having we're driving our day everything

that was happening was happening to us and we didn't have the control and so we were looking for real state we're looking for other points and we were doing active real state like flipping and

doing all these things that continue to take our time away and we came upon investing in multi family and at the time we thought that was to do

plexus you know to unit buildings and we were buying them and they were doing great we were putting together teams we were doing this about a

thousand miles from where we lived we were setting this up them up and they were performing great but just the economy's a scale was not there and just having a

bunch of random dupe plexus around town trying to run around and create a vision with that it wasn't there and the came upon like on a podcast just like this someone investing in large part

and buildings and that was that aha moment because most of the time when we look at buying an apartment building you think it's reeds or big big companies that are doing it but the there is the

availability to each and every one of us we want that path whether you be an active or pass investors so we sold out those little properties we don't walled into learning all about the space how

people do it how people look to do it with kind of buildings with kind of market they look for and we did that back in 2016 that let us down the path to buying our first 90

40 unit and that was in the middle of may of 2017 so a lot of people are scared of the economy right now so I want to talk about where there are great

opportunities in both the good times in the bad times what's been your experience sure you know multi family investing and multi family real

form and good times in bad right and so we go all the way back to 2007 2008 and multi family had a default rate that was about a like a 20th of what single family houses have

when you look at rental rates there's only been one year on record it was back to I think 2007 when the average rental rate over the US actually went down and what stands out about multi family investment is that there's say you buy a hundred you know building there's a hundred tenants that can

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