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Jason started out house hacking 15 years ago and then this year he has 1031’d a property and now owns five SFHs and two duplexes in Memphis and STL respectively. One of the SFH is a turnkey property.

Strategy & Investment area:

• Started renting out rooms from his own home to pay off his mortgage
• Started out doing the repairs, and ended up hiring a property manager
• Check out why Jason invested outside of California  
• The difference with handling properties in and out-of-state
• Is short-term investment a quick asset? Or has quick turnover?
• 
  

Quotes:

• Our goal was to get to the point where we are able to replace our income from [our jobs or business], and then become more full-time investors. 
• Just because you're a property manager does not mean your hands are off- there certainly is managing the manager mentality that you have to have.
• Property managers have 1000s of homes that are managed, and I think you kind of have to be the squeaky wheel to make sure that your property is getting taken care of, otherwise, it will get lost in the shuffle.
• And I wanted to be passive in true meaning so relatively hands off, not that I don't ever want to be involved, but not that I have to do something on a very regular basis. 

Mentions:

• Lemming Effect
• Paper money (or loss)
• 1031 Exchange - 12:10
• HELOC strategy
• BRRRR strategy
• Four Quadrant of Robert Kiyosaki

Investor Q&A Round:

Q: And then the second question that we like, to us is, if you had a time machine, where would you go? And why?

A: I go back to the 21-year-old me who had just graduated from college and say, ‘Start saving your money for investing because if you'd bought, if I bought two houses back then, instead of one house, I have twice the equity. And instead of buying five cash flow properties, I'd be buying 10.’ And certainly plausible, but not part of my plan. 

When I bought my first home, it was never an investment. It was to own a house, right? To be able to go back and tell me ‘No, get another one of those to do more of this early in your career, or early in your life, I think would pay dividends.’

Q: Is there somebody that you admire particularly that you would love to meet and why? 

A: Robert Kiyosaki, and, you know, his, his whole concept of the cash quadrant, you know, really kind of opened my eyes. 

Reached out to Jason through his LinkedIn

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