In this episode, Jason Yarusi shares his journey from starting in real estate by flipping houses to scaling his business to managing multifamily properties across multiple states. He discusses the importance of strategic planning, setting clear expectations with investors, and lessons learned from both successful and challenging deals.
Key Takeaways: • Strategic Planning for Investors: Jason emphasizes the importance of preparing your investor network ahead of time, even before you have a deal in hand. By educating investors and setting expectations upfront, you can raise capital faster when an opportunity arises. • Refinancing and Infinite Returns: Jason explains how refinancing works to pull capital off the table after improving the property, which can provide tax-free returns to investors and help reinvest capital. • Streamlining Renovations: By standardizing renovations (like using the same materials and fixtures across properties), Jason has been able to minimize costs and turnaround times. This efficiency reduces vacancy loss, which is crucial for maximizing cash flow on multifamily properties. • The Importance of Communication: Reflecting on past failures, Jason talks about how lack of clear communication with a business partner led to the breakdown of a friendship. The takeaway? Clear, upfront communication and role definition are essential in partnerships. • Upcoming Deal in Chattanooga: Jason reveals that Yarusi Holdings is closing on two properties in Chattanooga, with plans for significant renovations and improvements. The properties present a mix of light and heavy lifting, but Jason is confident in their ability to add value and improve operations.
How to contact Jason: • Yarusi Holdings: yarusiholdings.com • Jason Yarusi on Instagram: @JasonYarusi • Linkedin: https://www.linkedin.com/in/jasonyarusi/ • 7 Figure Multifamily Mastermind: https://7fm.7figuremultifamily.com/join7fm • Podcasts: Live 100 Podcast (https://podcasts.apple.com/us/podcast/live-100-podcast-with-jason-yarusi/id1699229023)
How to contact Brad: • Risk Strategies on LinkedIn - https://www.linkedin.com/company/risk-strategies-company/posts/?feedView=all • Brad on LinkedIn - https://www.linkedin.com/in/brad-weaver-bb29035/ • Book an intro appt with Brad - https://zcal.co/fwbn/introcall • Brad’s Direct Cell: (845) 779-2044
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Therapy Gecko
An unlicensed lizard psychologist travels the universe talking to strangers about absolutely nothing. TO CALL THE GECKO: follow me on https://www.twitch.tv/lyleforever to get a notification for when I am taking calls. I am usually live Mondays, Wednesdays, and Fridays but lately a lot of other times too. I am a gecko.