Todd Capital Millionaire Podcast Episode 70: How I acquired 80 units from out of state

On this episode of the Millionaire Podcast we speak with Jason Stubblefield. Jason is a Marine Corps veteran and a University of Memphis alum, but he’s also a licensed residential real estate investor who has managed to build a crazy real estate investment portfolio including a 34-unit apartment building and a 48-unit apartment building

Hear how he got started, how he financed his deals and what motivated him to move into large scale multifamily real estate.

Key points from the show:
You don’t have to buy close but you have to know the area
Bought his first property with a FHA loan and house hacked
The one percent rule means your rental income should 1% of the total purchase price
Bought his second rental at the same time and since he got a VA loan he could use his down payment money to buy the second home
I want to buy a property that makes sense
I don’t buy for appreciation
If there is no cash flow just move to another market
Used HELOC to purchase his large multi family
Hired his dad as his on site manager
Ownership helps you give the people around you opportunity
Approached multiple banks before he learned what he needed to do to critique his presentation
10% owner financing

Books mentioned
Retire Young Retire Rich
The One Thing

Jason Can Be Found Here
www.instagram.com/jstbblfl

Detroit Property Tour: https://www.eventbrite.com/e/the-real-detroit-real-estate-tour-tickets-48081082813?aff=ToddCapital