#142 with Jason Pero: Scaling to 600 Units with No Partners and Over 1100 Units Total
Millennial Millionaire Real Estate Podcast
English - December 21, 2020 19:53 - 52 minutes - 95.4 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Jason Pero on his path from buying his first duplex with his wife to amassing over 600 units with no partners and over 1100 units total. Jason is a syndicator and multifamily investor based in Erie, Pennsylvania. In this episode, we dive into topics like: early real estate challenges, self managing as your portfolio expands, how to design your real estate goals, and more!
Top Takeaways:
Challenges learned while flying real estate solo - 21:45 - 26:45
Even though taking constant action will bring mistakes, those mistakes are chances to learn
Even though it might seem otherwise, you have to accept rejecting some deals that don’t work
It’s also important to maintain balance throughout your life to stay happy
Self managing a growing portfolio - 27:30 - 30:30
Eventually you’ll hit a point where you realize you can’t handle everything that needs to happen
Try to build working relationships as you grow so you can hire those people later
Spend any downtime, like driving, as time you can be productive on the phone or with audio
Figuring out your real estate goals the right way - 32:15 - 35:30
Your starting point for your goals should be the things that make you happy
Try to base your goals in a solid foundation of what they will actually mean to you
The beauty of real estate is the many different approaches that can meet different needs
Resources:
rodkhleif.com/lifetime-cashflow-podcast
Social Links:
biggerpockets.com/users/JasonP15
linkedin.com/in/jason-pero-70aa9a6
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