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Episode 85: From Student Housing to Massive Mobile Home Parks with Jesse Futia
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In today's episode, we are joined by Jesse Futia. Jesse is all about Freedom. At just 25 years old, one of his biggest motivators is financial freedom for his family. Born and raised in Upstate, NY. Jesse is an active-duty Army officer stationed in Fort Benning, GA. He split time between the 10th Mountain Division at Fort Drum, NY and the 75th Ranger Regiment.
Click now on the link below to find how you can begin a success story just like this.
In this episode, we explore:
- Split time in active-duty
- Starting with Student Housing
- Working with friends and family
- Going from Residential to Commercial
- Mindset and Marathon Mentality
- Mom and Pop Mentality
- Mortgage Assumption + Owner Financing
- Evaluating Mobile Home Parks
- VA Loan
About Jesse:
Jesse Futia was born and raised in Upstate NY. He was commissioned into the Army as a Field Artilery Officer. He has split his time between the 10th Mountain Division at Fort Drum NY and also the 75th Ranger Regiment in Fort Benning GA. He began investing in Real Estate five years ago while still in college. His introduction to real estate investing was through the student housing niche with his father and friends.
Six months ago he began scaling into the commercial space with affordable housing and Mobile Home Parks.Today they are LOI accepted on a 141 lot portfolio. They are looking to scale and do even larger deals in the rest of 2021.
Snapshot Timestamp: 39:04
- What is your number one failure in real estate?
- Student housing kitchen fire.
- What advice do you have for other military investors to be successful?
- Get right on and understand the VA Loan process
- What inspired you to serve your country?
- Being from New York and remembering 9/11
- What is your dream?
- Financial Freedom
Quotes:
- “Be willing to do what others are not” 13:05
- “This is a marathon, not a sprint” 21:18
- “Go as big as you can. Bigger is better” 23:07
Connecting with the Guest
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