EP 35: Jason Pero - Multifamily Investing During A Pandemic

Join Vee Khuu and Jason Pero as they talk about investing in multifamily during the pandemic. Is it safe? Should you bite into the market with all the uncertainty? It’s as simple as raising the rent later, right? These are the questions that we will get into. With everyone talking about the potential benefits of going all in, it’s essential to know the value of staying conservative and investing in stable markets. While focusing on growth is needed, you cannot forget about maintaining your business by making room for unexpected situations! 

• [02:21] How did Lebron James’ career choices affect Jason’s relationship with his wife?
• [04:29] Not wanting to work on a farm and the kind of life in Pennsylvania.
• [06:51] The mindset of making money to get the things you want, even from a young age. How did a couple of school teachers have a net worth in the millions?
• [11:51] A $32K duplex as the first rental property. Set up for your financial future!
• [13:42] The market before and after 911. Was it really a crisis across the country?
• [16:36] Enjoying predictability and stability in his market through investing in small towns.
• [18:18] Mistakes in multifamily – being too aggressive with assumptions. It always pays to have a conservative approach.
• [23:06] How a conservative approach is going to preserve you as an investor. Make sure to have available reserves for “break in case of emergency” situations!
• [27:30] The definition of financial freedom and the importance of finding mentors. Copy the successful methods of the people that have done it before you.
• [33:04] Trying to keep on an even keel. Don’t get too high or too low. Remember where you came from!
• [34:37] Be radically open-minded and at peace at the same time. It’s a life of continual learning and finding opportunities.
• [38:38] Having defined goals and expectations in real estate. Are you ready to fire people?
• [41:20] The challenge of feeling satisfied and knowing where to expand.
• [43:10] Crash and Learn: what is it about? You don’t have to brag about your nice things!
• [46:54] Financial goals are empty – focus more on your happiness!
• [48:55] Experience with the Darren Hardy mastermind. Is it necessary to join one?
• [55:14] Hiring people that are better than you. Be comfortable in having other people make the decisions for you!

Resources:

• Pero Real Estate
• Jason’s LinkedIn
• Jason’s Facebook
• Crash and Learn
• Rich Dad, Poor Dad
• The Millionaire Next Door
• Three Feet From Gold
• Darren Hardy
• Adam Adams

 

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