10 Rental Properties in 8 Months and The Power of Saying "No"

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.

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab the Books Mentioned in Today’s Episode:
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=youtube&utm_medium=description&utm_campaign=none
Rental Property Investing: https://store.biggerpockets.com/products/rental-property-investing?utm_source=youtube&utm_medium=description&utm_campaign=none
How to Invest in Real Estate: https://store.biggerpockets.com/products/how-to-invest-in-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Core 4 Members Vital to a Profitable Long-Distance Real Estate Investing Team:
https://www.biggerpockets.com/blog/core-four-real-estate-team?utm_source=youtube&utm_medium=description&utm_campaign=none
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The 6-Step Process for Buying Your First Rental Property:
https://www.biggerpockets.com/blog/rookie-podcast-136?utm_source=youtube&utm_medium=description&utm_campaign=none
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Why Investors Should Ask for a Seller Assist When Buying Property:
https://www.biggerpockets.com/blog/2015-10-08-buying-strategyseller-assist?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Jason on Instagram:
@jasonrash or https://www.instagram.com/jasonrash/
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 566

Show notes at: https://www.biggerpockets.com/show566

0:00 Intro
2:17 10 Homes in 8 Months!
8:03 Building Your Core Four
9:57 Diving Head First into a Deal
18:33 Negotiating Tips and Seller Credits
31:01 Calculating Profits and Costs
36:07 Long-Term, Before Short-Term Rentals
39:19 What to Look for in a Rental Property
48:39 Building Your Investor "System"
52:55 Deal Deep Dive
57:24 Famous Four