The Multifamily Wealth Podcast #106: Gutting It Out On His First Multifamily Deal, Buying LIHTC Properties, and Growing a 1,000+ Unit Portfolio with Jason Stubblefield
Great episode this week with Jason Stubblefield, where we talk about how he overcame a tough upbringing, his background in the military, how he found real estate, and why he invests in affordable housing.
In this episode, Jason discusses his first few single-family deals and why he decided to move into multifamily. We learn about his first deal, a 34-unit apartment complex, and the challenges Jason overcame in executing his business plan. Lastly, Jason shares why he and his partners invest in affordable/LIHTC properties and how he overcomes the challenges of owning these types of properties.
Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.
Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.
Show notes:
-Jason talks about his background and his first few deals
-We discuss the challenges that come with investing in single-family properties
-We talk about Jason’s first deal: A 34-unit apartment complex
-Jason elaborates further on the first deal and the challenges and lessons he learned from it
-We talk about Jason’s experiences with mentorship and why learning from others is so critical
-Jason shares how he was able to close his first deal (debt, capital, etc)
-What Jason learned from raising capital on his first deal
-We dive into affordable housing and why Jason and his partners focus on the asset class
-Jason's thoughts on affordable housing and his philosophy behind it
-Possible reasons for the lack of affordable housing
-We talk about Jason’s experiences as a veteran and the skills he took to real estate
-Jason’s piece of advice to himself before starting his real estate career
-We discuss Jason’s most significant business-related failure and what to learn from it
-We talk about a skill/trait that Jason attributes his success to
-Jason shares his short-term goals
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