On this episode of the Millionaire Podcast we speak with Jason Stubblefield. Jason is a Marine Corps veteran and a University of Memphis alum, but he's also a licensed residential real estate investor who has managed to build a crazy real estate investment portfolio including a 34-unit apartment building and a 48-unit apartment building

Hear how he got started, how he financed his deals and what motivated him to move into large scale multifamily real estate.

Key points from the show:

You don’t have to buy close but you have to know the area

Bought his first property with a FHA loan and house hacked

The one percent rule means your rental income should 1% of the total purchase price

Bought his second rental at the same time and since he got a VA loan he could use his down payment money to buy the second home

I want to buy a property that makes sense

I don’t buy for appreciation

If there is no cash flow just move to another market

Used HELOC to purchase his large multi family

Hired his dad as his on site manager

Ownership helps you give the people around you opportunity

Approached multiple banks before he learned what he needed to do to critique his presentation

10% owner financing

Books mentioned

Retire Young Retire Rich

The One Thing

Jason Can Be Found Here

www.instagram.com/jstbblfl

Detroit Property Tour: https://www.eventbrite.com/e/the-real-detroit-real-estate-tour-tickets-48081082813?aff=ToddCapital