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

Feb 3, 2022

Jason Rash, a real estate investor who acquired 10 properties in just 8 months, shares his compelling journey from the stock market to long-distance real estate investing. He explains his methodical approach to property management, emphasizing the importance of a reliable team and a clear set of criteria for success. Jason discusses strategies for minimizing headaches and maximizing cash flow, including negotiating seller credits for better financing. His transformational experience highlights the vital shift from passive income to active investment in real estate.

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ANECDOTE

First Deal Details

Jason's first deal was an off-market property from a former schoolmate.
It was a 3-bed, 2-bath, all-brick house with new appliances, roof, flooring, and HVAC for $63,750.

ADVICE

Research and Backup Plan

Research potential rental income using online resources, but be prepared to adjust based on local knowledge.
Consider the worst-case scenario and have a backup plan.

ADVICE

Aggressive Negotiation

Negotiate aggressively, even if the deal seems good.
Recognize seller pain points for leverage.

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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

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