288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris
07.19.2018 - By BiggerPockets Real Estate Podcast
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 dealHow they bought a four-plex and house-hacked itHow they finance their dealsWorking their way with the bankTheir current number of doorsCommercial financing, residential financing, and partnershipsAnalysing multiple propertiesA deep dive on a dealRaising the rent and without losing tenantsLessons learned from an amazing dealBuying properties with no money downUpselling to their clientsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets EventsFor Those Who Struggle Financially (Video)The Secret to Unlocking Bank Financing (PDF)Be a Podcast Guest!Brandon’s InstagramDavid’s InstagramBooks Mentioned in this ShowRich Dad, Poor Dad by Robert KiyosakiThe Book on Investing with Low or No Money Down by Brandon TurnerInvesting in Duplexes, Triplexes, and Quads by Larry LoftisThe Book on Rental Property Investing by Brandon TurnerThe E-Myth Revisited by Michael E. GerberThe E-Myth Real Estate Investor by Michael E. GerberFire Round QuestionsWhat 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 incomeTweetable 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 CarrieJason’s BiggerPockets ProfileJason and Carrie’s Company WebsiteEmail Jason and Carrie