07.19.2018 - By BiggerPockets
It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!
In This Episode We Cover:
Why real estate?
Their first deal
How they bought a four-plex and house-hacked it
How they finance their deals
Working their way with the bank
Their current number of doors
Commercial financing, residential financing, and partnerships
Analysing multiple properties
A deep dive on a deal
Raising the rent and without losing tenants
Lessons learned from an amazing deal
Buying properties with no money down
Upselling to their clients
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Events
For Those Who Struggle Financially (Video)
The Secret to Unlocking Bank Financing (PDF)
Be a Podcast Guest!
Brandon’s Instagram
David’s Instagram
Books Mentioned in this Show
Rich Dad, Poor Dad by Robert Kiyosaki
The Book on Investing with Low or No Money Down by Brandon Turner
Investing in Duplexes, Triplexes, and Quads by Larry Loftis
The Book on Rental Property Investing by Brandon Turner
The E-Myth Revisited by Michael E. Gerber
The E-Myth Real Estate Investor by Michael E. Gerber
Fire Round Questions
What brings more value, an extra bedroom or a garage space?
What type of flooring do you use in your rentals, do you use carpet?
What are your thoughts on investing in a property located in a flood zone?
Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income
Tweetable Topics:
“We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
“You find a good enough deal, the money’s going to be there.” (Tweet This!)
“There’s a way there’s a solution. You have to make it work.” (Tweet This!)
Connect with Jason and Carrie
Jason’s BiggerPockets Profile
Jason and Carrie’s Company Website
Email Jason and Carrie
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