Learning from a Contractor Scam

The guest speaker shares their experience of being scammed by a contractor while renovating properties, emphasizing the importance of due diligence and paying contractors after work completion.

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Jason Lee owns more rental properties than most full-time real estate investors. But, he didn’t do this by investing after the last housing crash, inheriting millions from his parents, or buying a hundred-unit apartment building at once. Actually, Jason seemed like the least likely person to end up as a big earner. He was raised in a household where finances were a constant source of contention, and he only went to college to play sports.

Jason’s parents gave him one choice: become a doctor, lawyer, or other high-skilled professional, so he wouldn’t have to struggle like they did. After scraping through pre-med classes, living in the library, and dedicating all his time to school, he thought what every real estate investor thinks, “Maybe this isn’t the right path.” After having a sudden mental breakthrough, Jason knew he couldn’t continue. So what did he do instead? Real estate.

He was working (for free) four days a week and going to school two just to level up his skills so that he could finally do what he loved when he graduated. His first deal almost blew up, he almost quit, and he got six figures stolen from him, but Jason is now back on top, only three years after graduating, with a portfolio in the eight figures. How’d he do it so fast? Stick around and find out.

In This Episode We Cover

Quitting a (potential) career to focus on what will REALLY build your wealth

How non-stop rejection allowed Jason to become one of the most successful brokers/investors in his area

Why working for free has a far higher ROI than most college students think

Investing in an expensive market and why “cash flow” doesn’t matter

How to NOT get scammed by a contractor and signs yours is stealing money

Jason’s “formula for underwriting” and what he looks at most when doing deals

And So Much More!

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