From Engineer to Real Estate Underwriting Expert with Jason Williams, Ep 117

Welcome to the Journey to Multifamily Millions podcast, where we dive into real estate investing with the pros! 

In this episode, we sit down with Jason Williams, founder of Ironclad Underwriting Mastery and co-founder of The Academy Presents. With a background in engineering, Jason shares how he transitioned from single-family homes to multifamily apartment syndication, inspired by mentor Joe Fairless. 

Jason dives into the creation of his unique underwriting model and shares the key lessons he learned while self-managing properties.

He breaks down the challenges of property management, from handling tenant issues to tackling financial obstacles, and highlights strategies for finding great properties and making smart investments. Jason also explores the role of mentorship in real estate success and discusses how building a thought leadership platform can make a difference.

Plus, he introduces the concept of using self-directed IRAs and 401ks for added investment flexibility, encouraging investors to research and support each other to achieve financial independence.

Episode Topics

[001:29] Meet our guest, Jason Williams 
[03:11] First Real Estate Investments
[13:44] Transition to Syndication and Mentorship
[18:07] Overcoming the First Deal Challenge
[21:22]  Creating a Dynamic Underwriting Model
[26:41] Self-Directed IRAs and 401ks
[30:36] What is one red flag every investor should look out for?
[31:36] What is a myth about the real estate business?
[34:33] Connecting with Jason

Notable Quotes

• I started creating an underwriting model so that I can start understanding the numbers of an apartment complex. - Jason Williams
• "I think it takes a special kind of person to be a property manager and I need those people, but I’m not one of them." – Jason Williams
• "The real estate takes care of itself...Generally speaking, real estate's a good market to invest in." – Tim Little
• "Most banks, lenders require a 25 percent down payment for an investment property...that's a lot of money, especially with the cost of properties nowadays." – Tim Little
• "There’s no conservative underwriting...either you're competitive or you're not going to get any deals." – Jason Williams
• "One of the advantages of doing a podcast is... I get to have smart people on the show, and be seen with experts." – Tim Little
• "In a 401k, you don’t have a lot of control over what it’s invested in...once you put it into that self-directed IRA, you have a lot more flexibility." – Tim Little

👉Connect with  Jason Williams 

• LinkedIn: Jason (Bow-Tie Guy) Williams, Ph.D
• Website: Ironclad Underwriting
• Email: [e-mail] 
• Telephone: [phone]

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: [e-mail]
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

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https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497