Jason
Stubblefield has been investing in real estate for over a decade,
beginning with single-family homes. He eventually became a broker
with Keller-Williams. Like many others, he realized being a real
estate investor on multifamily properties would be a better path to
scale his portfolio. He is a general partner in over 900
multifamily units and has developed a knack for finding smoking
deals in a tight market.
Mar 16, 2021
After
high school, Jason set a number for himself and once he met it
financially, he realized he wasn’t fulfilled in his career path,
and the thought of dying in a cubicle triggered him to take action.
This journey led him from the Marine Corps to computer science, and
then real estate. He started buying single-family houses but
realized he wasn’t scaling quickly enough, which led him to
multifamily.
Jason
is invested in growing markets in the Southeast region. He lives in
Lawrenceville, Georgia just outside of Atlanta. His portfolio
includes deals in KY, GA, TN, and TX. In this episode, he breaks
down his affinity for the Southeast region, how to find smoking
deals, and how to avoid death by cubicle.
Partner: Text: “EQRP”
to 72000 and receive a special eQRP report on taking control of
your retirement money
Key
Insights on Finding Great Deals in a Competitive
Market
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Going from the Marine Corp to Computer Science to Real Estate
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How Jason caught the real estate investing bug, and what drove him to go from single-family to multifamily
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The challenges of starting out in multifamily investing
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Finding the right market
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Investing in the Georgia market (Atlanta, Augusta)
I
like markets that are right outside the metropolitan area because
you can find better deals.
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Discussing secondary and tertiary markets
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Jason explains the potential he saw in his first large deal in Tennessee: 34 units, 50% vacant and beat up, and how he turned a profit
To find a smoking deal, you have to focus on solving a problem.
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The criteria that Jason looks at when selecting a market to invest in
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Creating deals in a frothy market
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The structure and process of using a company to automate off-market deals
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The calculations behind a good deal
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Tips to building strong broker relationships
I put brokers on my email list so they know my name and see that I’m active in the multifamily space.
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The process Jason and his team follows to effectively manage multiple deals and properties in multiple markets
Bullseye Round
Apparent Failure: I passed on a couple of deals that just didn’t feel
right, and it taught me to trust my gut.
Digital Resource:
Process Street
Most
Recommended Book:
As
a Man Thinketh (James
Allen)
Daily
Habit:
Miracle Morning, meditation, and exercise
Current Curiosity:
Trying to figure out IMF and WHO
Wish
I Knew When I Was Starting Out:
The
business part of multifamily, because it’s not just about getting a
good deal.
Best
Place to Grab a Bite in Atlanta, GA:
Jimmy
Nick’s Barbeque
Get
in Touch with Jason: