Secrets of Successful Flipping: Past Project with Jason Seward

In this episode of the Real Estate Investor Growth Network podcast, host Jen Josey interviews seasoned real estate investor and entrepreneur Jason Seward. They delve into one of Jason's challenging early projects involving unforeseen issues with a septic system and unpermitted additions. Jason shares invaluable lessons learned, the importance of accountability groups, and offers insight into how these experiences have shaped his business practices today. The episode also highlights the key role of ethical practices and thorough due diligence in ensuring long-term success in real estate investing. 

00:00 Introduction to REIGN Podcast 00:59 Badassery Bestowment: Power of Accountability Groups 03:21 Guest Introduction: Jason Seward 04:54 Jason's Real Estate Journey 06:50 The Story Behind 608B Capital Funding 13:06 Jason's First Flip: Property Description 19:52 Surprises and Challenges: The Septic System 26:04 The Crawl Space Nightmare 30:23 Discovering the Major Issue 30:57 The Costly Repairs Begin 32:23 Navigating Permits and Red Flags 33:59 Lessons from a Past Project 36:18 Ethics and Transparency in Flipping 39:42 Final Numbers and Profit 43:11 Lessons Learned and Future Precautions 46:06 What Makes Jason Seward a Badass 47:51 Advice and Personal Growth 56:22 Defining Success and Final Thoughts

Jason Seward is a lifelong resident of Southeast Virginia where he lives with his wife, Kati and their 2 kids, Emma & JJ. He is a recovering W2 employee. During his 17 years in Insurance Sales and Sales Management, he built up a solid portfolio of single family and small multifamily rental properties. That portfolio, along with a few strong mentors, ultimately gave him the confidence to walk away from the W2 world in 2022. He also is a Limited Partner in several commercial syndications. In July 2023, he and his partners launched 608B Capital Funding, a Real Estate Debt Fund specializing in short term/hard money lending. They raise capital from accredited investors, paying them 8-12% and pool investor capital to make loans. They have raised nearly $10M in the 18 months since launching and projecting to fund over $20M in loans for 2025. Jason is also the host of his podcast "Burning The Ships" where he interviews a wide range of individuals from all walks of life discussing mindset and a variety of other topics.

https://linktr.ee/jasonseward

 

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