CTW 137: Jason Pero - Building an Empire from Scratch

The Commit to Wealth Podcast - Creating Generational Wealth through Real Estate Investing

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4+ y ago 43:26

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Jason got his start in real estate investing in 2001 after buying his first duplex with his wife. From there he was able grow his portfolio up to 300 units before he was able to leave his job in pharmaceutical and medical device sales in 2012. He currently owns over 900 units throughout the Erie, Pennsylvania market and he under contract on another 127 units.

Topics Covered

Learning to run a business on the fly
Understanding seller carried financing
Using regional and local bank financing treat as a bridge loan
Look for 20-30 years on mortgages to stretch out cashflow
Understanding small balance loans
Setting yourself up to weather a downturn and market shocks
Hiring people who are better than you
Building positive tenant relationships

Nuggets of Wealth

What is a good tool, source, or platform that you use almost daily that can also help others? Facebook Groups, Propertyware
What was the best business advice you ever received? Work harder on yourself than you do on your job.
How do you best manage your time? Make time for yourself and family. Go for run and gym.
What book are you currently reading and which one has had the biggest impact on your life? The Compound Effect, Old Charlie’s Almanac quotes by Charlie Munger
At the end of your life, how do you want to be remembered? Loved his family, gave his all to his family friends and business.
Where can Commit to Wealth Nation go to contact you and find out more about you and your business? www.perorealestate.com, jasonpero@yahoo.com

103 episodes

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