288: 75 Rental Units in Their Early 30s with Jason and Carrie Harris

BiggerPockets Real Estate Podcast

It takes a long, long time to become successful in real estate and financially free — doesn’t it? Well, not according to the power couple on today’s show! In this episode of the BiggerPockets Podcast, we sit down with Utah’s Jason and Carrie Harris, who have built a sizable portfolio of more than seventy rental units over the past few years. These two have used a variety of creative financing strategies, and the lessons and stories they share are sure to inspire and educate you! Be sure to listen for the story of how they bought a four-plex for no money down, put $3,000 into it, and later made $186,000 in profit from that one deal. It’s unbelievable!

In This Episode We Cover:

• Why real estate?
• Their first deal
• How they bought a four-plex and house-hacked it
• How they finance their deals
• Working their way with the bank
• Their current number of doors
• Commercial financing, residential financing, and partnerships
• Analysing multiple properties
• A deep dive on a deal
• Raising the rent and without losing tenants
• Lessons learned from an amazing deal
• Buying properties with no money down
• Upselling to their clients
• And SO much more!

Links from the Show

• BiggerPockets Forums
• BiggerPockets Events
• For Those Who Struggle Financially (Video)
• The Secret to Unlocking Bank Financing (PDF)
• Be a Podcast Guest!
• Brandon’s Instagram
• David’s Instagram

Books Mentioned in this Show

• Rich Dad, Poor Dad by Robert Kiyosaki
• The Book on Investing with Low or No Money Down by Brandon Turner
• Investing in Duplexes, Triplexes, and Quads by Larry Loftis
• The Book on Rental Property Investing by Brandon Turner
• The E-Myth Revisited by Michael E. Gerber
• The E-Myth Real Estate Investor by Michael E. Gerber

Fire Round Questions

• What brings more value, an extra bedroom or a garage space?
• What type of flooring do you use in your rentals, do you use carpet?
• What are your thoughts on investing in a property located in a flood zone?
• Curious to know if there are any good loan options (other than hard or private) that self employed people can use with little to no taxable income

Tweetable Topics:

• “We didn’t have a lot of money so we had to find ways to be creative.” (Tweet This!)
• “You find a good enough deal, the money’s going to be there.” (Tweet This!)
• “There’s a way there’s a solution. You have to make it work.” (Tweet This!)

Connect with Jason and Carrie

• Jason’s BiggerPockets Profile
• Jason and Carrie’s Company Website
• Email Jason and Carrie

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