On this episode of The BiggerPockets Podcast, we sit down with an investor who’s also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy!

In This Episode We Cover:

A little bit about Jeremy and how he started
How he got into real estate by chance through his music career
How to maximize your income by renting by the room
His first non owner-occupied rental
What you should know about buying foreclosures
The BRRRR Strategy and how to use it
Advice on having a “long term flip“
A discussion about hard money
The importance of having exit strategies in mind ahead of time
The topic of refinancing
How to develop a criteria for purchasing houses
How exactly banks and loans work
REO vs. foreclosure auctions
How Jeremy uses seller financing
Where he buys properties and why he keeps them close to home
How he manages his property and finds great contractors
And SO much more!

Links from the Show

Interested in becoming a guest on the BiggerPockets Podcast? Click Here
Building a Rental Portfolio Through “Long-Term” Flips
RedFin
BiggerPockets Forums

Books Mentioned in this Show

Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
The Power of Full Engagement by Jim Loehr
The Law of Success by Paramahansa Yogananda

Tweetable Topics:

“If you have comps in mind, you can increase your confidence.” (Tweet This!)

Connect with Jeremy

Learn more about your ad choices. Visit megaphone.fm/adchoices

145: Creative Investing in an Expensive Market, Seller Financing, and Buying Foreclosures with Grammy-Nominated Jeremy Jones