Podcast appearances and mentions of jason pero

Join us on this episode of the Property Profits Real Estate Podcast as we sit down with Jason Pero, a seasoned real estate entrepreneur with over two decades of experience. Jason shares his journey from syndicating deals to managing a diverse portfolio across multiple states, emphasizing the importance of resilience in the face of market challenges. Discover insights on vertically integrated models, setting realistic investor expectations, and navigating partnerships in real estate. Whether you're a seasoned investor or just starting out, Jason's practical wisdom will inspire your next real estate venture. Tune in now!   ================================== Want to grow your real estate investing business and portfolio?  You're in the right place. Welcome to the Property Profits Real Estate Podcast

Connect with the host:LinkedIn: https://www.linkedin.com/in/brandon-e-jenkins/Website: https://www.birchprosper.com/ --About the guest:Jens Nielsen is a co-founder and Managing Member of Incrementum Equity Partners, where he oversees the company's acquisition analysis, business-development activities and asset management. He has over 25 years of experience in computer system management and organizational leadership. Prior to forming Incrementum Equity Partners with Jason Pero, Mr. Nielsen was founder and principal of Open Doors Capital, a private real estate investment firm that have purchased over 2,000 apartment units since 2016 at a value of over $150M.  Connect with Jens Nielsen: Email: jens@incrementumequity.comWebsite: https://incrementumequity.com/LinkedIn: https://www.linkedin.com/in/jens-nielsen-multi-family-real-estate-coach/ Episode Highlights:✔️ Leveraging technical skills as an investor✔️ Transitioning from W-2 to being a fulltime investor✔️ Building broker relationships✔️ Finding partners to fill your skill gaps✔️ Adding  value to experienced operators--

Teamwork in business can make or break the chances of leveraging profits. Today, we are with Jason Pero to elaborate on the significant relativity of a unified collaboration effort in scaling entrepreneurial relationships and overcoming real estate difficulties. Find the right people and get ready to grow!KEY TAKEAWAYSPros and cons of couples being business partners and how this works What are the pillars of a strong syndication team?How to execute honest communication with your investors Essential qualities to look for in business partners The significance of teamwork in mitigating business challenges RESOURCES/LINKS MENTIONEDPay It Forward Multifamily Mastermind: https://payitforwardmastermind.com/ The Conscious Investor YouTube Playlist: https://www.youtube.com/@TheConsciousInvestor/playlists ABOUT JASON PEROJason was born and raised in Erie, PA, and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales, he started his real estate investing career in 2001 when he and his wife purchased their first duplex. Jason built a portfolio of real estate rental properties while working a career as a medical sales representative. Jason balanced the demands of a high-pressure sales environment, a young family, and growing a real estate portfolio. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units.CONNECT WITH JASONWebsite: Incrementum Equity: https://incrementumequity.com/ | Pero Real Estate: https://www.perorealestate.com/ CONNECT WITH USSchedule a 20-min get-to-know each other call - bit.ly/3OK31kISchedule a 20-min call to explore performance coaching - bit.ly/Coaching-JulieSchedule a 30-min call to learn about investing with Three Keys Investments - bit.ly/3yteWhxJoin the Book and Networking club via Zoom at: bit.ly/3HBPnQw or sign up at: bit.ly/3c0dr1uVisit ThreeKeysInvestments.com to download a free e-book, “Why Invest in Apartments”!Learn how to reduce your tax liability by scheduling a FREE consultation at https://modewealth.com/If you're looking for an affordable healthcare solution, check out Christian Healthcare Ministries by visiting https://bit.ly/3JTRm1IPlease RSS: Review, Subscribe, Share!

In today's episode, Jonny is joined by a successful Real Estate Investor and the President and Owner of Pero Real Estate, Jason Pero.They discuss:1. How he left his day job to pursue a career in real estate2. Unplugging from work and making space for his personal life3. Keys to staying motivated despite strong competition in the industryJason was born and raised in Erie, PA, and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. Jason built a portfolio of real estate rental properties while working a career as a medical sales representative.  Jason balanced the demands of a high-pressure sales environment, a young family, and growing a real estate portfolio.   He was able to leave his job in 2012 as the portfolio grew to nearly 300 units.Upon leaving his day job, Jason continued to build his real estate holdings and currently owns around 1,400+ rental apartments. He is the President of this local landlord Apartment Association and a frequent guest on podcasts, and an occasional speaker at real estate investing conferences.  Jason enjoys coaching and mentoring both seasoned and beginner real estate investors.  He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, and attending sporting events and concerts.Learn more about Jason:Website: https://www.perorealestate.com/Facebook: https://www.facebook.com/jason.pero.7Email: jasonpero@yahoo.comBook a call: https://calendly.com/jasonperoConnect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok: https://www.tiktok.com/@jonnycattaniYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Jason Pero and his wife purchased their first duplex in 2001 while he balanced a high pressure job in medical sales.  He and his wife continued to balance the growth of their portfolio with a demanding work schedule, and the challenges of balancing their work life balance, and with their own investing grew their portfolio to 300 units by 2012.  After leaving his work Jason, began to scale dramatically, and now has completed over $200,000,000 in real estate transactions and has over 2,500 units of assets under management.  He shares his story of balancing family life and a growing business, as well as how to not lose money in over twenty years of investing. jasonpero@yahoo.com www.perorealestate.com IG: jasonpero_3  

Today's podcast guest Jason Pero and host Gary Lipsky talk about pivoting to boost NOI.  Pivoting is one of the most important skills in real estate investing and it's not just for entrepreneurs and startups. Whether you're a seasoned investor or just getting started, pivoting is essential to your success.Key Points From This Episode:On which property we should focus Real-Time PivotPivoting StructuresHow to communicate challenges to investors who expect a return on their investmentHow to deal with stressful asset managementHow to motivate your teamHow to handle setbacks and curveballs in your underwriting so you can pivotKPIs for a successful pivotHow to deal with difficult situations_______________Tweetables:it's just knowing what we're getting into, so it can be stressful. But at the same time, I think if you have a plan and you communicate clearly and have a motivated team, you know, it'll get done. I think, for me, In this deal, owning the management company has a set of challenges, but I think that's where we add the value if it was a third-party company.  {Jason Pero}When you said, you know, being on offense versus being defense, you know, being proactive, you know, that's so important, having the cash reserves and the wherewithal to make that pivot and not, and, not wait for things to get hope for things to get better, because that's not, this is, you know, this is like you said, this is, you know, big boy business. It's not, you can't just wait, and, and, and sit back and, and hope. {Gary Lipsky}Follow us:✅ Join our group for the latest updates – https://tinyurl.com/mhp5t6 ✅ LinkedIn - https://www.linkedin.com/company/break-of-day-capital/https://www.linkedin.com/in/gary-lipsky/✅ YouTube - https://www.youtube.com/c/BreakofDayCapital✅ Instagram - https://www.instagram.com/breakofdaycapital/Today's Show Sponsor :Garzella/Multifamily Risk Advisors https://garzellagroup.com/

Episode: Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon CobbGuest: Nashville Tennessee Real Estate Investor Brandon Cobb is the founder of HBG Capital.  He is also a licensed and bonded General Contractor in TN managing more than $1O Million of new development annually.Big Idea: Investing in Nashville Tennessee real estate is like most of the U.S. at the time of this recording:  Low inventory combined with an insanely inflationary environment.  There is also a housing shortage which has created profitable conditions for residential real estate developers who are capable of building with scarce & expensive building materials and labor.  Not an easy task.  On today's episode Brandon & I discuss this situation and the system he's developed to build profitably.  Shall we begin?This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 6.99%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:http://www.hbgcapital.net/For Access to Real Estate Deals You Can Buy & Sell for Profit:https://AccessRealEstateDeals.com/View the Episode Description & Transcript Here:https://reidiamonds.com/nashville-tennessee-real-estate-development-with-hbg-capital-founder-brandon-cobb/Brandon Cobb & I Discuss Investing in Nashville Tennessee Real Estate: Nashville Tennessee Real Estate Market Developing Residential Real Estate Lessons Learned from Losing $40,000 Getting Past a Bad Deal Relevant Episodes: (There are 207 Content Packed Interviews in Total) How to Find Motivated Sellers with David Lecko Economic Forecast 2021 with Paul Sloate Fast & Easy Multifamily Lending with StackSource Founder Tim Milazzo Kirby Atwell on Founding a Luxury Home Investment Company Growing a 1,000+ Unit Portfolio within a 20 min Radius with Jason Pero

Jason Pero is President of Pero Real Estate LLC which was founded in 2001 with his wife Nadia. Jason owns and operates over $140M of real estate assets. Located primarily in Erie, PA and Cleveland, Ohio his portfolio is comprised of over 2000 multifamily rental units.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:His mindset shift with generating cashflow.His corporate career.What his business looks like today.His learnings in his business.How he plans to push things forward.His experience in investing outside of his geographic focus.His biggest challenge.His biggest win.His best advice for someone just starting.KEY QUOTE:“You are your own limitations... the world is wide open when you leave your day job, you just have to have that confidence in yourself.”CONNECT WITH OUR GUEST:https://www.perorealestate.com/CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

Title: A 20-Year Real Estate Success Story with Jason Pero   Today's amazing guest is Jason Pero. Jason is the President and owner of Pero Real Estate. Jason is a KP, a Real Estate Syndicator who has a long experience and history in this industry.   Let's tune in to his story! [00:01 - 09:00] Opening Segment Let's welcome my guest for today's show, Jason Pero Jason shares how he started and what drew him in the space What's important about Jason's goal Jason's success story Deciding what properties to purchase back then   [09:01 - 23:17] Lessons from his 20 Year Experience Thinking bigger sooner or taking things slowly Be patient and flexible Would Jason do things differently Family and sacrifices Show up, fill up the gap, enjoy your life What spaces Jason likes to invest in Being involved with your properties Having property and maintenance management The mishaps Admit that you can't do it alone   [23:18 - 25:12] Closing Segment  Final Words Connect with my guest, Jason, in the links below Tweetable Quotes   “At a young age, I didn't know what success really meant, but in my mind, having money seemed to be successful.” - Jason Pero   "I don't regret having a slow and steady path.” - Jason Pero   "20 years is a long time but it goes by in a blink of an eye.” - Jason Pero  ------------------------------------------------------------------------   Reach out and connect to my guest, Jason, through email jasonpero@yahoo.com   Follow his following socials: LinkedIn and Facebook Checkout Jason's company www.perorealestate.com WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com   Visit my website www.luxe-cap.com or my YouTube channel   Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Jason started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high-pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the  President of his local landlord Apartment Association and a frequent guest on podcasts and an occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. 

In this episode, Dalyn Hazell sits down with Jason Pero to discuss the strategies on how to leave your job fast with real estate investing.Jason Pero began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high-pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the  President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors.Key takeaways from this episode:Real Estate Investing is the path to wealth.Balancing work, family, friends, and building a real estate investing business can be successful through proper delegation.Spending time on webinars, conferences and reading materials, joining different groups are some tips that will help you build your real estate investing business.Turn your passion into productive things by using your time wisely.Taking complete ownership of every aspect of your life and not relying on someone's business.Full-time entrepreneur mindset and Full-time employee mindset.Subscribe, Listen to our episodes and leave us a review:Apple: https://podcasts.apple.com/us/podcast/real-estate-investing-for-freedom/id1570870735Spotify: https://open.spotify.com/show/2d3nMp137jfw6MDyPPsY3jGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNzkxNDk0LnJzcw==Connect with Guest, Jason Pero:Website: www.perorealestate.comPhone Number: 8143978030Email: jasonpero@yahoo.comConnect with the Host, Dalyn Hazell:Facebook: https://www.facebook.com/dalyn.hazell/Instagram: https://www.instagram.com/dhazell24/Email: dalyndhazell@gmail.com

Thinking bigger should always be the goal of every investor to achieve financial freedom in real estate. In this episode, our guest Jason Pero shares how to build and manage a large portfolio while keeping a mindset to pursue longevity in real estate.Key Takeaways To Listen ForInvesting in real estate while maintaining a day jobBuilding a big portfolioImportance of delegating tasksGrowth mindsetAcquiring mentors for business and personal developmentDeveloping strong relationships with partnersWays to keep motivatedResources Mentioned In This EpisodeRich Dad Poor Dad by Robert KiyosakiAbout Jason PeroJason Pero is President of Pero Real Estate LLC which was founded in 2001 with his wife Nadia. Jason has owned and operated over $48,000,000 of real estate assets in Erie County comprised of over 1,000 multifamily rental units. Pero Real Estate is one of the largest real estate investment companies in Northwestern Pennsylvania. Current President of the Apartment Association of Northwestern Pennsylvania and board member for 15 years, Jason takes pride in educating landlords and real estate investors. An author, frequent guest on nationally recognized podcasts, and a real estate coach for new and experienced investors, Jason has worked hard to provide value in every aspect of his business. Jason has broad experience in strategic planning, property and asset management, acquisitions, value add opportunities, syndications, and dispositions. Connect with JasonWebsite: Pero Real EstateFacebook: Jason PeroTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Real estate partnerships offer numerous benefits for investors. Finding the right partner means you'll not only have a wider pool of knowledge, skills, and contacts but a moral support network too! For those looking to scale their business or just get it off the ground, joining forces with like-minded individuals can be very advantageous, as is illustrated by today's guests. Jens Nielsen and Jason Pero are from Open Door Capital, having both shifted focus from being W2 employees in corporate America to becoming real estate entrepreneurs on their journey toward financial freedom. Jens is a multifamily real estate investor, coach, and Principal at Open Doors Capital. Originally from Denmark and after a successful career in telecommunications and IT, he began investing in multifamily real estate in 2016. He is now the key principal on 82 apartment units in New Mexico and Colorado, has raised money as a GP for several syndications, and passively invested in 14 syndications. Jason is a Partner at Open Doors Capital and the President and Owner of Pero Real Estate. He owns and operates over 650 rental units with his wife, Nadia, and they have built their portfolio together over the past 20 years, owning everything from single-family homes to large 80+ unit apartment communities. Both guests built their businesses while maintaining their day jobs, and Jason retired from his career in medical device sales in 2012 to pursue his passion for real estate. In this episode, we'll find out how they did it, what their transitions were like, and how they came to partner with one another, as well as the benefits they have received from their partnership, both professionally and personally, and how they are sharing those benefits with others through their coaching programs. Tune in today! Key Points From This Episode:Hear about Jens' journey from successful IT professional to real estate investor and coach.Jason also speaks a bit about his background and how he got into real estate investing.Jens shares more about the transition from his W2 job and his first multifamily investment.In learning to scale, Jens realized the importance of partnering with the right people. Discover how Jens and Jason met at a conference a few years ago and hit it off.The importance of adding value in partnerships, no matter your skillset, and how it can benefit all partners financially (and personally).How Jens and Jason saw the unseen or unspoken value in one another.Learn what Jason's business looked like prior to his move into syndication and partnerships.Jason talks about vertically integrating property management into his business.Find out from Jens why one of their key markets is in Western Pennsylvania right now.Their progression into secondary and tertiary markets and why Jason pays attention to more resilient markets during a downturn.Why Jason became a coach: to help change or enhance the mindsets of investors.Jens' perspective on coaching and the impact that Brendon Burchard's Certified High Performance Coaching program had on him.Hear about Jason's daily exercise routine and how Jens practices The Miracle Morning.Their book recommendations, including The Success Principles and Poor Charlie's Almanack.Jason reflects on his biggest mistake and what listeners can learn from it; be the person you need to be to attract success in your life.What you can learn from Jens' biggest mistake; a mindset shift from competing to focusing on where you can add unique value.Why Jason believes he has been successful; his willingness to learn and to grow.How Jens' persistence and even his stubbornness have contributed to his success.Links Mentioned in Today's Episode:

Jason Pero started his real estate investing career in 2001 with a duplex, left his full-time job in 2012, and currently owns around 1,300 apartments.   What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/  ◾ Global Investors Web Page: charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/

In this episode, Jonathan Farber interviews Jason Pero on his path from buying his first duplex with his wife to amassing over 600 units with no partners and over 1100 units total. Jason is a syndicator and multifamily investor based in Erie, Pennsylvania. In this episode, we dive into topics like: early real estate challenges, self managing as your portfolio expands, how to design your real estate goals, and more! Top Takeaways: Challenges learned while flying real estate solo - 21:45 - 26:45 Even though taking constant action will bring mistakes, those mistakes are chances to learn Even though it might seem otherwise, you have to accept rejecting some deals that don’t work It’s also important to maintain balance throughout your life to stay happy Self managing a growing portfolio - 27:30 - 30:30 Eventually you’ll hit a point where you realize you can’t handle everything that needs to happen Try to build working relationships as you grow so you can hire those people later Spend any downtime, like driving, as time you can be productive on the phone or with audio Figuring out your real estate goals the right way - 32:15 - 35:30 Your starting point for your goals should be the things that make you happy Try to base your goals in a solid foundation of what they will actually mean to you The beauty of real estate is the many different approaches that can meet different needs Resources: rodkhleif.com/lifetime-cashflow-podcast crimemapping.com Social Links: biggerpockets.com/users/JasonP15 facebook.com/jason.pero.7 linkedin.com/in/jason-pero-70aa9a6 jasonpero@yahoo.com calendly.com/jasonpero Connect With Our Sponsor, MartelTurnkey: martelturnkey.com Schedule a Call info@martelturnkey.com Connect With The host, Jonathan Farber Here! LinkedIn: https://www.linkedin.com/in/jonathanfarber1/ Instagram: @jonjfarb Facebook: https://www.facebook.com/jonathan.farber.9 Facebook Group: Real Estate Mentorship Mastermind https://www.facebook.com/groups/860025821084224/ BiggerPockets: https://www.biggerpockets.com/users/JonathanF29 Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA

Getting into real estate can be fearful for most, especially if there is a need to raise funding. There are a lot of creative ways to close deals with minimal to zero down. However, the hardest part is getting started. Jason Pero, founder, Pero Real Estate shares how he crashed limiting belief in regards to raising money to find deals. With his wife, Nadia they have built a portfolio of 650 units over a span of 17 years while maintaining a day job in medical device sales before he retired in 2012.

From going lone wolf to seeing the light and syndicating, Jason’s story is a model of living a few years like others won’t, so you can spend the rest of your life like most can’t. BRRR Method Finding the life of your dreams How long should you sacrifice for your dream? The value of mastermind groups Learning by doing The power of being able to give back Working with tenants through crisis Communications when both spouses are in the business To find out more about our guest:https://www.perorealestate.com/ To find out more about partnering or investing in a multifamily deal: Text Partner to 41411 or email Partner@RodKhleif.com  Please Review and Subscribe

It’s OK to start small. But if you start well, and build disciplines around expenses, cash flow and reinvestment of profits, your business will grow and grow until it becomes a juggernaut, which is an unstoppable force, not a bad guy in Marvel comics.  Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Currently Jason owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. How to contact us www.RogerBlankenship.com. Leave a voicemail right from the home page! Facebook.com/flippingamericamedia Twitter and Instagram @FlippingAmerica Call our National Comment Line: 877-55-ROGER (76437)   ext 1. Leave your message or your question.  Email your questions to questions@rogerblankenship.com. Please always tell us where you are from. We like to know where the show is being heard. And let us know how you found out about us if you don’t mind.  Sponsors American IRA: www.americanIRA.com Civic Financial: bit.ly/CivicFinancial Bay Mountain Capital, lending in the southeastern region FlipStarter Online! www.flipstarteronline.com The online course “Show Me the Money” bit.ly/dealfundingcourse 56firedome Coaching Course: Six Months, begins July 8, reg $5967, use code hopflipjump for 50% off for a limited time.  Announcements: The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.   Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think. FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .  “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart. News: Based on internet searches, it appears that people are looking to leave the cities for the suburbs in light of the pandemic. https://www.cnbc.com/2020/06/18/coronavirus-update-people-flee-cities-to-live-in-suburbs.html Here’s a new trend: The Back Yard Tiny House or Studio Shed https://www.cnbc.com/video/2020/06/18/backyard-office-spaces-gaining-popularity-after-coronavirus-pandemic.html Five things to watch in housing https://www.forbes.com/sites/dimawilliams/2020/05/15/five-indicators-to-watch-in-the-housing-market-recovery-from-the-coronavirus/#2a32b7e35f06 Questions: Send your questions to questions@rogerblankenship.com Greg, Knoxville, TN “New listener here. Please tell me more about the Flipping America REIA.” Motivational Thoughts for the day “If we cannot end now our differences, at least we can help make the world safe for diversity. For, in the final analysis, our most basic common link is that we all inhabit this small planet. We all breathe the same air. We all cherish our children's future. And we are all mortal. ― John Kennedy [Commencement Address at American University, June 10 1963]    

Learn How to Get Started in Real Estate? Go to www.Dwellynn.com/mft SUBSCRIBE and LEAVE US A REVIEW on iTunes: http://getpodcast.reviews/id/1256786108 Get your free book: www.audibletrial.com/dwellynn Contact Jason: jasonpero@yahoo.com Content mentioned: The Universe Has Your Back Follow Ola [www.instagram.com/oladantis] @OlaDantis for all other social media Send me a DM when you follow so I can say hi! www.InvestWithOla.com

Still trying to get started in real estate investing? This week’s podcast guest shares the three-step process for getting started in real estate investing that has helped him complete over 1,000 deals.Full FREE Real Estate Investing Training

Jason Pero started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. Connect with Jason Website: https://www.perorealestate.com/ Email:  jasonpero@yahoo.com Phone:  814-397-8030 ___________________________________ Want to appear on our podcast?  Contact Us Learn how you can passively put your hard earned money to work for you through multifamily syndication:  Steed Talker Capital Connect with Us: Facebook Twitter Linkedin Instagram Youtube

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 EstateJason's LinkedInJason's FacebookCrash and LearnRich Dad, Poor DadThe Millionaire Next DoorThree Feet From GoldDarren HardyAdam Adams Connect with Vee Khuu!WebsiteFacebookInstagram LinktreeSupport this show http://supporter.acast.com/the-real-estate-lab. Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

Self-management in real estate has more than one meaning. Jason Pero knows both of these meanings well, but do you?Jason Pero from Pero Real Estate returns to the show to bring us these key lessons that propelled him along his real estate career. The more time I spend in the real estate investing world, and the more successful investors I meet, the more and more I find successful real estate investors put their mindset first. They believe that what's between your ears comes before what's between the folds of your wallet.To become a successful real estate investor, you must learn not just how to manage your investments, but how to manage yourself! That's where these lessons come in. Check out the audio to learn more!You'll learn:The Two Meanings of Self Management in Real EstateSuccessful strategies to use in managing yourself and your investmentsA successful strategy to escape the rat race and build a big portfolioGet in touchwww.perorealestate.com Other Similar Episodes:Risk Mitigation for Real Estate Investors with John RubinoWhy Cash Flowing Real Estate is Better than Development, with Andrew Schena 

Would you ever consider investing with someone who has never lost money on a deal? That would certainly get my attention. I can’t make that claim - I’ve lost money on a few. But today I’m going to have on the show a young man who so far is batting 1000. He’s never lost money on a deal. And he’s been at it for awhile. Blake Templeton is an international motivational speaker, author of the new book ‘The Solomon Way’, With 14 years in business, and 300+ transactions, not one single investor has ever lost money. They are on track to have $100M under management within the next 12 months. I’ve never had someone do this on the show either, but Blake is going to tell us how the wisdom of King Solomon is a model upon which to build a Financial Fortress We are also going to discuss his 3 Dimensional Investment strategy, talk about what that means and how we can use it. All this and more coming right up.

It’s OK to start small. But if you start well, and build disciplines around expenses, cash flow and reinvestment of profits, your business will grow and grow until it becomes a juggernaut, which is an unstoppable force, not a bad guy in Marvel comics. Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Currently Jason owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts.

We start off our lives with a plan. Then life happens. We learn more. We grow and the plan that we thought was going to be ends up not being the life we end up living.  The real secret is being willing to grow every day as it is today. Tos morph to change to be all you can be as who you right where you are now Josh McDowell shares how his research project to prove once and for all there is no God turned not only into a discovery of faith but made him one of the most prolific writers teach and defending Christianity. Now in his 80’s Josh has written 152 books. He shares insights in to growing as a person and about writing and impacting the world. Then Jason Pero shares how he started with one path in mind. Got a degree. Went to work and then pivoted into something completely different that has made a dramatic impact on his life and he life of his family. He shares some valuable insights into the world or real estate investing Learn to be willing to grow and be the best you daily Today on Thriving Entrepreneur

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college, Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job, Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. On This Episode: Hear how Jason started in pharmaceutical sales and eventually discovered how much money could be made by getting involved with real estate investing. Sam and Jason discuss the power of building slowly. Find out how Jason left his 9-5 job with 290 units under his belt. Hear the importance of living below your means. Jason tells how he survived the 2008 crash. Tweetable Quotes: “Pay more up front for peace of mind later on.” – Jason Pero “The wealthiest people adapt to the economy.” – Jason Pero “Anybody can sell if the price is right.” – Jason Pero Key Takeaways: Get rich slow. Make sure you have an elevator clause built into your deals. Don’t make deals that can jeopardize everything you want to do. Jason Pero jasonpero@yahoo.com https://www.linkedin.com/in/adambeckstedt/ (814-397-8030) See acast.com/privacy for privacy and opt-out information.

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. – Connect with Jason Pero – Website: https://www.perorealestate.com/ Facebook: https://www.facebook.com/jason.pero.7 Calendly: https://calendly.com/jasonpero   Thank you so much for listening! WE ARE SO GRATEFUL!!!! Our Sponsor:  Multifamily Foundation If you are serious about learning how to buy apartment buildings then don't wait, go to www.multifamilyfoundation.com and let us help you build your foundation. Investing for Lifestyle and Legacy: https://www.yarusiholdings.com/ Our ENTIRE Podcast, Books and Health Suggestions: https://www.amazon.com/shop/yarusiholdings Subscribe To Us On YouTube: https://www.youtube.com/channel/UC1SuXB01d14DC8ZnEWpRQdQ?sub_confi rmation=1 Subscribe To Us on #Libsyn: http://multifamilyfoundation.libsyn.com/website Subscribe To Us on iTunes: https://podcasts.apple.com/us/podcast/the-multifamily-foundation/id1484177595   See acast.com/privacy for privacy and opt-out information.

Jason Pero created the freedom and joy in life that he desired through real estate, one unit, and one building at a time. Whether you are into real estate or not, Jason's lessons and journey are invaluable.

No good comes from making decisions out of panic or fear. So, what can multifamily syndicators do to navigate the next couple of months and cover the bills—even if our tenants can’t (or won’t) pay the rent on time? How can we reassure our investors that their money is safe and leverage the available safeguards to make it through the Coronavirus shutdown? Jason Pero is the multifamily investor and syndicator behind Pero Real Estate, one of the leading real estate firms in Erie, Pennsylvania. Jason and his wife bought their first duplex in 2001 and continued to invest in small multifamily properties while he worked full-time in medical device sales. By 2012, Jason had built a 300-unit portfolio and was able to leave his 9-to-5 to pursue real estate full-time. He started syndicating deals in 2018, and today, Jason owns and self-manages 1K units in Erie County. On this episode of the podcast, Jason joins me to discuss why he waited so long to get into syndication and why he self-manages his own portfolio. Jason explains how he is navigating the COVID-19 crisis, sharing the safeguards he has in place to get through the next few months and describing his approach to the situation as both a property manager and syndicator. Listen in for Jason’s insight on the buying opportunities coming on the market right now and find out why this is a good time to invest in yourself! Key Takeaways What inspired Jason to get into real estate Internship with financial planning company School teachers worth $5M (passive income from real estate) Why it took Jason so long to take action on syndication Limiting belief around loss of control Realized could still call shots and serve more people How the Coronavirus crisis elevates Jason’s mission Watched stock market investors’ net worth plummet by 40% Real estate provides predictable long-term investment The safeguards that are helping Jason navigate COVID-19 Withhold distributions to see how next months play out Can still pay bills with 30% economic vacancy Go to forbearance only as last resort Jason’s take on the impact of the Coronavirus as a syndicator Lenders still bullish, agency debt still in play Social distancing poses challenges to due diligence Jason’s approach to the Coronavirus as a property manager Extend olive branch to good tenants Waive late fees, work out payment plan The buying opportunities coming available right now Sellers more flexible with due diligence Willing to consider financing contingencies What makes Jason successful in a rural area Greater metro area of Erie = 350K people Large influx of outside $ (Buffalo, Cleveland and Pittsburgh) Decision to self-manage properties Why Jason self-manages his own portfolio Didn’t know any different in beginning Track record through economic upheaval reassures investors Jason’s advice on navigating a difficult time Don’t freak out, look at situation from practical standpoint Research options (e.g.: SBA programs) Communicate with investors + don’t run out of cash Jason’s advice for aspiring multifamily investors Find mentor or coach who’s been where want to go Keep learning and stay humble Connect with Jason Pero Pero Real Estate Jason on Calendly Jason on LinkedIn Jason on Facebook Email jasonpero@yahoo.com Resources Register for Deal Maker Live Join Michael’s Deal Maker Mastermind Read Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate? Join the Nighthawk Equity Investor Club Join Michael’s Mentoring Program Rich Dad Poor Dad by Robert T. Kiyosaki The Millionaire Next Door by Thomas J. Stanley and William D. Danko SBA Programs for Coronavirus Relief Podcast Show Notes Review the Podcast on iTunes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group

Jason Pero on the set being a total badass! I really enjoyed this podcast on building a track record with his wife, scaling into syndication and using Law of Attraction to grow his business. We broke down his entire evolution.   Visit perorealestate.com

Jason Pero on the set being a total badass! I really enjoyed this podcast on building a track record with his wife, scaling into syndication and using Law of Attraction to grow his business. We broke down his entire evolution.   Visit perorealestate.com

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to ne... expanded show notes and REIMastermind.net

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to ne... expanded show notes and HouseDudesPodcast.com

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. We chat about: How can you balance the demands of work, family, friends, and build a business at the same time? How can you can continue to be balanced as a business grows? What key actions can aspiring real estate professionals take to ensure long term success? How can you stay motivated in such a competitive market? What does a typical day in real estate look like? What are the concerns in this current market? Connect with Jason: Pero Real Estate Website LinkedIn Instagram: jasonpero_3 Facebook Want to work with us? Head over to HouseDudes.com for more information. If you have any thoughts or questions shoot us an email at info@housedudes.com. You can also find us on Facebook, Instagram, and Twitter @HouseDudes Please subscribe through iTunes or your favorite podcast app! If you like what you hear please give us a rating, like, and share. It really helps the show grow. Patreon: https://www.patreon.com/housedudes Facebook: https://www.facebook.com/HouseDudesPodcast/ iTunes: http://bit.ly/HouseDudesiTunes Google Play: http://bit.ly/HouseDudesGooglePlay YouTube: http://bit.ly/HouseDudesYouTube Stitcher: http://bit.ly/HouseDudesStitcher SoundCloud: http://bit.ly/HouseDudesSoundcloud Follow Josh Koth and Jack Hoss on their journey towards financial freedom using the power of Real Estate through the REI Rookies Podcast (Real Estate Investing Rookies Podcast). We share our experiences as we acquire rental properties, build net worth, and work towards financial freedom. We are focused on creating wealth through conventional and creative real estate investing while improving our financial education. If you are a fan of Rich Dad Poor Dad by Robert Kiyosaki and Millionaire Real Estate Investor by Gary Keller or are looking for an alternative to the Dave Ramsey, Jim Cramer, Motley Fool or Suze Orman shows we invite you to subscribe today!

Peter & I Discuss: Commercial Lease Options Selecting the BEST Single Family Investments No Money Down Deals 5 Step Offer System Relevant Episodes: (There are 156 Content Packed Interviews in Total) How to Make $100K or More Per Deal with Tucker Merrihew https://youtu.be/WzAxz6hrW_8 Matt Skinner on Multi Family & Multi Million Dollar New Const. https://youtu.be/tGCABVIrzhI Growing a 1,000+ Unit Portfolio within a 20 min Radius with Jason Pero https://youtu.be/R-FknPxUmTk From House Hacking to $300 Million in Commercial Real Estate with Ivan Barratt https://youtu.be/Fl2IojDF0lI   Resources Mentioned in this Episode: www.CommercialLeaseOptions.com  

Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college, Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job Jasoncontinued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts. If you enjoyed this interview remember to leave us a 5 star review! For the best Skip Tracing in the industry go to https://titaniumtrace.com/homeTo join the #1 Online Real Estate Mastermind visit https://nextlevelflipping.com/For more video content from Titanium Investments subscribe at http://www.youtube.com/c/RJBatesIIIConnect with Titanium Investments at https://www.facebook.com/titaniuminve...

Did you know that you can create a real estate empire in your own backyard while working a full-time job?  Well, that’s exactly what real estate investor and entrepreneur Jason Pero did.  In today’s podcast, Jason shares how he started out buying local rental properties and ended up amassing a portfolio of 900 units simply by educating himself, finding mentors and understanding the dynamics of multiplication and syndication.  For complete show notes go to http://olddawgsreinetwork.com/building-re-empire-while-working/ IF YOU LIKED THIS PODCAST, we would love if you would go iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn.

Jason & I Discuss: Organic Growth in a Local Market Benefits of a Tertiary Market Buy & Hold…Unless Relevant Episodes: (There are 154 Content Packed Interviews in Total) Dan Breslin on Gentrification-Double Property Values https://youtu.be/AtcRm-BSw2U Matt Skinner on Multi Family & Multi Million Dollar New Const. https://youtu.be/tGCABVIrzhI Steve Werner on Where Have All the $50,000 Fix & Flip Deals Gone? https://youtu.be/GOKaS5dj7mI Resources Mentioned in this Episode: https://www.perorealestate.com/  

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      

Jason Pero owns and manages a portfolio of apartments in Erie Pennsylvania. He's a dominant player in the market and he favors secondary and tertiary markets. Today was a fascinating discussion on another perspective of multi-family investing. You can reach Jason at perorealestate.com.

Jason Pero built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. He continued building on his real estate holdings and currently owns around 900 rental apartments. He enjoys coaching and mentoring both seasoned and beginner real estate investors. Real estate is a great investment vehicle for escaping your 9-to-5. Regardless of what happens in the world, people will still need a place to live. However, there are factors to consider such as location, the property's condition, the economy, and more. Jason provides interesting insights for people who don't want to get hurt in a recession. His real estate investing approach has allowed him to buy more properties at lower prices. The key is putting yourself in the location that best works for you and building your real estate portfolio one property at a time. Here are the key links from the episode: Pero Real Estate Join the Breakthrough Success Facebook Group Schedule a free strategy call with me   Did you enjoy this episode? It would greatly help if you subscribe to Breakthrough Success and leave a quick review.  

Jason Pero was born and raised in Erie, PA. In 2001, he and his wife purchased their first duplex. That's also when his real estate investing career started. While still working as a medical sales representative, Jason also started building his portfolio of real estate properties. When he left his job in 2012, Jason's rental property portfolio is already close to 300 units. After leaving his day job, Jason continued building his real estate portfolio and now owns around 900 rental apartments. If you'd like to know how Jason started his real estate venture the defensive way and how he started building his rental portfolio while still working full-time, don't miss today's episode. You'll not only discover some of the techniques Jason swears by, you'll also learn how to achieve financial freedom just like he did!

Jason bought rentals, and made a lot of money, during the last two recessions. On this episode, compare how he felt after 9/11 and 2008 vs today, and if he would buy rentals in this market. Jason has also recently made a lot of changes to the way he manages his rental properties due to the Coronavirus. We talk about what he's doing differently with showings, managing tenants, and working with late payments.

https://perorealestate.com/ (Pero Real Estate) was formed in 2001 by Jason and Nadia Pero when they purchased their first duplex. They now own and operate over 650 residential rental apartments in Erie/Northwest Pennsylvania. PRE's primary focus is the acquisition and rehabilitation of distressed residential housing. We look to be part of the revitalization of downtown Erie by improving it's overall housing stock one property at a time. Jason and Nadia make their home in Erie where they raise their 2 children. They are active members of the Apartment Association of Northwestern Pennsylvania. Jason has served on the Board of Directors since 2008. Key PointsStarting with a duplex and scaling to over 600 units Growing a portfolio without partners Personal development as the fuel for your growth The importance of building relationships Being the best in your market Lightning QuestionsWhat was your biggest hurdle getting started in real estate investing, and how did you overcome it? Money and age factor. Jason didn't have any money. He took the first $3500 he earned and invested it in real estate. Do you have a personal habit that contributes to your success? Jason tries to exercise every day and read every day. Do you have an online resource that you find valuable? Real estate Facebook groups What book would you recommend to the listeners and why? https://amzn.to/2TIGTiI (The Compound Effect) – Darren Hardy https://amzn.to/2TIgEZz (Poor Charlie's Almanac) – Charlie Munger If you were to give advice to your 20 year old self to get started in real estate investing, what would it be? Enjoy the journey and create some balance. ResourcesVisit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trail and free audio book download! https://perorealestate.com/ (Pero Real Estate) Jason Pero's https://www.biggerpockets.com/users/jasonp15#0 (BiggerPockets profile) Jason Pero's https://www.facebook.com/jason.pero.7 (Facebook profile)

Jason Pero was born and raised in Erie, PA. In 2001, he and his wife purchased their first duplex. That’s also when his real estate investing career started. While still working as a medical sales representative, Jason also started building his portfolio of real estate properties. When he left his job in 2012, Jason’s rental property portfolio is already close to 300 units. After leaving his day job, Jason continued building his real estate portfolio and now owns around 900 rental apartments. If you’d like to know how Jason started his real estate venture the defensive way and how he started building his rental portfolio while still working full-time, don’t miss today’s episode. You’ll not only discover some of the techniques Jason swears by, you’ll also learn how to achieve financial freedom just like he did!

Jason Pero was born and raised in Erie, PA. After college Jason began a career medical sales and started investing in real estate in 2001 when he and his wife purchased their first duplex. He was able to leave his day jon in 2012 and now owns a portfolio of 900 multifamily apartments. “find mentors. Be a mentor and find a mentor… You have one hand to have someone pulling you up, someone who can pull you up and they are mentoring you and helping you along on your entrepreneurial journey. But mentor others, bring others up and be a coach, a friend and a mentor to them… The sooner you surround yourself with mentors and you become a mentor your business will accelerate faster than you could have ever dreams”…[Listen for More] Click Here for Show Notes To Listen or to Get the Show Notes go to https://wp.me/p6Tf4b-7pH

Having a mentor is one of the keys to succeeding in any venture. While having a business mentor is becoming common practice, could mentors in all areas of our lives help us? The answer is a resounding yes according to our guest today, Jason Pero. As a friend of the show and returning guest, Jason is someone we look up to not only in business but in life in general as a man of honor and integrity.---Our gracious sponsor: Adam Adams has raised millions of dollars by staying in front of passive investors. He helps you brand yourself online so you can attract capital which means you don't have to be a great salesperson to do this. His clients are getting noticed by passive investors. He calls his clients Money Magnets because money is literally being attracted to them. There is a qualification process to work with Adam. Ready to take yourself to the next level? Apply to work with Adam here: http://bit.ly/RaisingMoneyCoach.---

James:  Hey, audience welcome today to Achieve Wealth Podcast. I'm James Kandasamy. And we're going to be talking to Jason Pero from Pennsylvania. Jason owns almost around 900 units. But the fun part is, he has like over 600 units on his own and a lot of it is duplexes, quads and small multi-families and he recently started syndicating around 300 units. So, hey, Jason, welcome to the show. Jason:  Hey, thanks for having me, James. I'm glad to be here. James:  Awesome. Thanks for coming in to the show. I'm always impressed with people who have build-up that many unit count; 600 units on your own without syndication so you're basically an independent rental owner, that we call it. And I just want to go deeper into that. Can you briefly describe how did you accumulate the 600 units and how many years did it take? Jason:  Sure. So my wife and I started in 2001. You know, even before we were married, a few years out of college and we bought our first duplex and we did it the old fashioned way. We saved, we both work, we saved one person's salary and save that towards our down payments. And we would go with just traditional bank financing, 15-year mortgages, 75% loan to value and we just went really slow and steady early on. So, in 2001, it was a two unit, in 2002 was another two unit and a four unit and then the next year, it was a four unit that actually -- James:  Hold on, I need to clarify something. So did you come out from college and start doing this? Jason:  Yes, so I graduated in 1999. James:  Okay. Jason:  And so started working, I didn't know a whole lot about money growing up and started making a little bit of money out of college. And I realized I wanted to, at that time, I just wanted to be build wealth and be millionaire. James:  Wow. Jason:  And all that kind of stuff. In one of my internships, I learned about rental properties and that seems like all the wealthy people had their money in real estate.   James:  Okay. Jason:  So I started doing all my research and reading books and try to talk to different people that own real estate. And so we were able to do that in 2001 and just kind of went slow and steady. And so my wife worked as a pharmaceutical sales representative, I did that for a few years as well. And then got into medical device sales. And so each year, we buy a few rental properties and along the way, some sort of like career-changing deal with come along. 2005, we build up to 23 units and then all of a sudden, I met a guy that had 56 units for sale that he was willing to hold the paper on, in owner finance and so that took us from 23 to 79 overnight. And then we just kind of kept the same process; saving our money, buying a property, couple properties a year and then 2008 hit and there was a ton of property that was getting foreclosed on. So I was buying up singles and doubles and triples as fast as I could rehabbing them, refinancing them, getting my money back and repeating the process. So we did a lot of that from like 2008 through 2012 when I left my day job. So at that time, we had about 290 units and again, we were living like way below our means, reinvesting everything back into the business. So we just put a ton of our own sweat and money into the properties in those early years. And we just kept buying over the last several years so it's been seven years since I left my day job. And when I was working, day job for a living, I'd always said I was a little bit nervous to take on private money or deal with investors. Because maybe I was afraid but I felt like from a mental and emotional standpoint, I wanted to be there for that investor, I didn't want anything to go wrong. And I knew if I was a travelling salesperson and I'm working three hours away, God forbid something goes wrong, I don't want to like I didn't want anything to happen to that investor's money. But once I quit the day job, sort of like on my own in my own portfolio every day, started networking with and meeting private lenders, private investors and did a bunch of that over a period of years. So more properties that were owner finance, more of these, like hard money loans from loan sharks and the guys that want to charge you 10%, 12%, 18%. But we're able to get into more and more properties like that. And all the while we kind of heard about syndication, knew what it was, didn't really have the confidence, I think or just was missing like one piece of the puzzle. And honestly, when you and I met at Rod Cleaves’ house little over a year and a half ago, something in that weekend just click and said no, I know how to do this, this is easy. James:  Easier than buying -- Jason: Yes, yes. And then from that point on, like the first syndication we did, found a great deal that we're bringing investors in on, then found another that and now we have another thing in the pipeline. So just everything kind of builds on itself, you know, have this natural progression. So sorry, that was a really long answer. James:  No, I mean, I really enjoyed but I want to go a bit back to the beginning when you started because a lot of fresh out of school or a lot of graduates or anybody coming up from school, I'm just trying to see how they can get the similar mindset. How can they walk that steps that you took? Because you said you graduate in 1999 and 2001, you started buying and you said your hunch for real estate, you got it during your internship. But was there like any mentor to tell you to buy or you think that okay, I can do this? And what was that ah-ah moment that pushed you out of your comfort zone to buy your first house? Jason:  So I'll back up; so when I was in college, I did a number of internships with financial planning companies. My original career, I thought I was going to be a financial planner. James:  Okay. Jason:  I never did that but I did a few internships and during one of them, the financial planners had me going through clients files and setting up appointments to meet with them. And one of the things, I was sitting there learning and I'm like, oh my gosh, how does  like a dual-income family, like a doctor and a lawyer only has a network of you know, they're making a half-million dollars a year, but their net worth is like $50,000. And then I'd see another file that these two school teachers may be making a combined income of 75,000 or 80,000 a year, had a net worth of like 5 million. James:  Wow. Jason:  And as well, they want a bunch of rental properties and I'm like, what's that? And so somebody kind of gave me, you know, hey, this is how, you know, well, a lot of wealthy people have money in real estate. So I got thinking and I really wanted to go down that path like becoming a millionaire. And how do I do that, I read 'Rich Dad Poor Dad', read the 'Millionaire Next Door'. So it was the 'Millionaire Next Door' talks about living below your means and that most millionaires don't drive Lamborghinis but they drive a nice used Honda or Toyota and things like that. So it was reading and learning some of these mindset things. And the first job out of college, I was a kind of entry-level sales job. But there was a guy there that had a few rental properties. And I'm like, man, this seems really interesting, what do you do, how do you do? And I started asking him questions and he was telling me to read the same books that I just read. And kind of the pieces was coming together and like, well, if I want to be a millionaire, I have to make my money work for me. And so I was putting money in my 401k and starting IRAs, but I also saved every available penny I could. So then, I was talking around family friends, and just maybe kind of not real mentors, but people that were maybe my parents' age that I knew that they knew, and I said, hey, does anybody know about rental property? And turns out that one of their friends or people they were acquainted with, owned rental property. And they said, hey, we might have a property for sale. Hey, come take a look at it. And it was like a $32,000 duplex. And I mean, not a lot to speak of, but I'd saved up about $5,000. And there was enough for like at the time to have like, first-time homebuyer loan program. So I had enough money for a down payment, got a decent loan on it. So I only had to put like, 10% down in closing costs, and all that kind of stuff. But got into it and the rents at that time were like for 2 bedroom apartments, they were $375 a month and I raise the rents to 500. James:  Got it. Jason:  And all of a sudden, I'm making money and I said, wow! It paid my student loans. I need to buy another one so I can pay for my car payment, and I just sort of thinking about it that those terms. And so like, they were a mentor in a sense, the guys that sold me my first series of properties, because I mean, they were typical, like they had a W2 job, you know, retired from that after 40 years and gold watch kind of thing, but at their peak, they maybe had 25 or 30 rental units and they never saw real estate as a full time endeavor. But they saw it's a great way to build extra wealth for retirement. And so I kind of remember it vividly, I bought several properties from these guys. And I met this guy, the first formal mentor I had in the business in 2005. And I was doing my walkthrough of this property with the guys that sold me a few handfuls of my first units. We were on top of a roof, you know, looking at this roof on the property I was looking to buy. And I asked him, hey, I met this really interesting guy by the name of Richard and he has 130 rentals. It's all he does. What do you think about like real estate as a full time thing? And he said, man, I don't know, I don't know how anybody can do this full time. And he just really pooh-poohed the idea. But then I met and went with this guy, Richard, he goes by the name Dick. But I met with Dick and I was like, really impressed with this guy. He shows me all of his rental properties and says, hey, you give me 10% down and I'll hold the paper. And he seemed like he got a really good job at General Electric. You know, nice enough guy but he had this little empire of like properties. I thought that was the coolest thing in the world. And he was making it at the time, what I thought was a lot of money and he was doing a lot of good things. And he had enough money to get back to charity and he seems to travel and do, like, live life that he wanted to live. And he worked hard, but he didn't have to work for the man, he was doing his own thing. And so, after we close on that 56 unit deal, he really became that mentor to me. And it always stuck with me that even though we've sort of grown apart and we don't see each other nearly as much as I'd like to these days, I've sort of taken what he's done for me and I tried to do that with a lot of younger investors. And I just was telling somebody this a week or two ago that I feel like our industry is, I mean, certainly there are people that don't want to help but I would say more often than not, there are people more than willing to show others the path and say, hey, look, I think I can help you out. I mean, don't want anybody to take too much of your time and make it a full-time job to mentor somebody but I think, as a group, most of us real estate entrepreneurs [inaudible12:47] And just like to, it kind of, you know, as some people showed you the way of coming into it, you can help these younger guys and gals out too. So, I think, for your younger audience members, like, the key is maybe just to try and meet people that have been doing it, become friends with them, ask them questions and their knowledge, we all like to talk about our successes and our failures and all that stuff. And that's it, you know, you buy a coffee or a beer or lunch or something like that and you can soak it up. James:  Absolutely. Yes, yes. Yes, I mean, that's just a very impressive build-up of your rental portfolio. And I'm just trying to get that the time where you will push over the cliff. So I mean, push out the cliff to be successful. I mean, you can correct me, you had a lot of desire to become a millionaire, right after school and you saw that you have a lot of desire and you went and seek out a lot of information from different people. I think it's some mindset that you really want to do it, has pushed you towards buying all this rental, taking all that information, and really taking action, which I think is very impressive. And a lot of college dropout, not college graduates, or any graduate, high school graduate, anybody who have finished their studies, they can do exactly what you're doing.  But they have to have that desire to come to your level, to be a millionaire. Go and seek that information, take the risk, right? I think that is what you have done very well up to now. And you're right, usually, real estate entrepreneurs usually share a lot of information, and it's just whether whoever receiving the information is going to go and take action or not; that's very important. So, that's very, very interesting. And the 900 units that you have, a lot of it is duplexes, quad and out of the 600 units that you own on your own, I think 300 is syndicated so how many are duplexes, quads? And how many units are like small multifamily? Do you have that number? Jason:  Yes. So out of that 600, there's about 120 that I've ended up, well, I still technically own but I'm holding the paper, I've sold them on land contract. And so yes, so about 120 to 150, that smaller, single-family duplex quad. And I've tried to hold on to the things that say 8 units or above and -- James:   Got it. And I think for every big deal we do, I sort of have this internal, like a mental rule that trying to evolve the portfolio. And so, with a lot of that smaller stuff it's starting to spin off the smaller properties, whether it's selling it to and holding the financing to up and coming real estate investor or just selling on the open market and divesting of it.  I think every time you pick up a 205 unit, or 100 units that becomes your focus. And then, you don't want to think the quality of service or the quality of that duplex or quad to suffering, you just you kind of graduate and move on into newer things. And so, at some point, in all of our careers a 10 unit, or 20 unit, and it seemed to be the biggest thing in the world. But ultimately, when you close bigger projects, that becomes, you know, -- James:  So small, right? Jason:  Yes. So I think it's important to evolve the portfolio. And so we have been in the process of trying to spin off the smaller properties, but in a control, smart way. So you don't want to give them away, but at the same time, I don't want to be managing those same things 10 or 20 years from now either. James:  Yes, yes. So right now you have moved from duplexes, quad to smaller multi-families, you know, 50 something units and you said you hold a note for 100 something and now you've moved to like 200 units syndication, 100 units syndication, right? So why did you move from owning on your own to a syndication model? Jason:  So it was interesting. I knew at some point, if real estate is all that I did, I'd run out of my own available money. We have to have money to live on and reinvest into the business. But in order to take down, say, a 4 million or 10 million dollars project, it took me a while to wrap my head around that. I used to think that, okay, I'll refinance my portfolio and use that money to buy into a larger property. But as you see, with a lot of these larger properties, that the types that people's raise money for syndication, is the timeline, is a heck of a lot faster than what you can do a refinance. So realizing if you want to lock up 100 unit property, you know, 60 days, 90 days, I mean, these processes move fairly quickly. So, that was one thing. The other part was I became friends, with a gentleman that was my [inaudible18:03] on units we syndicated. And we really said, hey, we should buy real estate together, we could create some sort of offering and I just wasn't thinking big enough. And then, when this 86 unit came along, I said, this is perfect, the light bulb went off and said, hey, we need to raise a million and a half dollars and we'll go out and get agency financing and it just went really easy. And you can still end up having the control. So for me a little bit of it was controlled, a little bit of it was, I mean, not just from an ego standpoint, but I think we do a really great job of running and managing the property. You know, I like the idea of being the majority owner of the property. So I felt like, oh, yes, maybe I only own 15% of the deal but I'm the majority owner as a 15% owner of the deal. And then you can get at the higher-quality property; property that appreciates as the economy goes, you know, we can be much more manipulated by cap rates, and just has a much higher upside. And I guess what I like to say predictability. So the problem I found with the duplexes, and the quads was that, sure, I can make the same amount of money every year, but it was a heck of a lot of work. And it can be really unpredictable, you could have, you know, both units in a duplex become vacant in a month and then you're 100% vacant and it's wildly unpredictable as you scale. And so I found with like the larger properties, if you run it tight, and you have good management and you pay attention to the details, you can predict what your income is going to be every month. And I just got to a point in my life where I'm like, I just want a steady paycheck out of this business. I don't want to have that level of unpredictability. And so, from a syndication standpoint, you get a distribution every quarter. As the GP, we have that piece, and it becomes something where you're within a few percentage points of what you've budgeted plan out every year. And I found that that was another ah-ha moment. So with my some of my smaller and even medium-sized multifamily properties, the 25 units and the 50 unit type of thing that I had, is that I went back and I had a 26 unit I brought in 2008. And I ran the numbers every year from 2008 and I've never made more or less than a few thousand dollars, like, for instance, the property makes $115,000 a year on average, it's never been below 112 and never been above 118.   James:  Okay. Jason:  Yes, that's a clue. And I'll look at my other properties like that, yes, they're all within a few thousand of each other. And I said, well, this is a lot better than then chasing a single-family home, that becomes vacant and sits vacant for four months because you've got to pull out the trash and your carpet and exterminate and do all those things. So it's one of those things that sort of self-realized as we went along, is you have these larger properties, if you run them well, just create that level of predictability that you want as an owner. But I would say that it's really easy to sell to somebody looking to invest passively in your deal that, okay, if we modeled this this deal correctly, then you're going to get this return on your investment, every quarter, every year that you're involved in the deal. James:  So the predictability has become very key, I guess. And the scalability because you have a lot more units and you would have budgeted for occupancy loss and having vacancies and expenses and all that in the bigger one. And you have a lot more room for error in terms of occupancy, I would say compared to a single-family and duplexes. Jason:  Right. James:  Right. Interesting. So was the experience that you gain from quads and duplexes, did it help you out when you come to syndication and run this bigger, larger properties? Jason:  100%, I mean, I think a couple of things. And I think having my own money, into the business and building it with my wife's and my own hard-earned money, you know, the wins are all yours, and the mistakes are all yours, too. And so, you know, we started out painting our own units, cutting our own grass, leasing the units ourselves. And then even for building, you know, our own employees, I mean, you know, it was us, kind of managing those employees a lot early on, and dealing with tenants, I mean, dealing with tough situations. So, if it comes down to me managing a property manager, I've got that track. Not that I know it all, I mean, I still feel like I'm learning every day but I have that, some level of experience to say, here's how we should handle the situation. Because, you know, we've seen this is or this is the type of scenario that we've dealt with. And I think, when it came down to raising money for these last couple of deals, having a track record and saying, you know what, not only have I learned how to finance properties, not only I learned how to manage properties, you know, dealing with private money, we dealt with tenants, we sort of work at all aspects of the business. I think that's just that, earning your doctorate in this business or earning your degree in this business. And I think it helps to start out small. Now, I would just say that that's not for everybody. I see some people that are wildly successful jumping into really large syndications. And I certainly would never talk down people's hopes and dreams and goals to go big. But I think that to weather the storms and deal with difficult scenarios and difficult situations, it's always good to have some level of something that you've done on your own, whether it's small and syndication don't become the only, it's not the only way to make money in this business. You know, a lot of us that syndicate, do a lot of other things. So, [inaudible24:08], people may flip, they may be a realtor that be involved in different things. So I just think that having that background and experience, you know, with smaller properties, building a team, those are all things that come in really handy, you know, as it relates to the larger -- James:  Larger one, yes. Yes, I'm a strong believer of coming, growing from small [inaudible24:38] from single-family quads, duplexes, and then growing. I mean, I know people go direct to let's start with hundred units plus a lot of gurus teaches that, because, there's so much money out there, and they said you can syndicate. But I think the problem is you mentioned right when the storm comes in, right, I mean, you may not know what happens when the vacancy drops, you may not understand the tenant profile, why certain tenant leaving rights, especially if you're giving to third party management. So you are basically a pure syndicator; you're just a guy who raises money, finds the deal and trying to run a business plan on a booming market, right? I mean, we know a lot of people have been successful, but all this, lot of people has been successful in the past nine to 10 years of expansion. So we do not know whether they are good, or the market was good so we will know once the market turns. So how much people know, what the signs of real estate? I mean, there's so much of things in real estate like contract management, understanding tenant demographics. When people move in, walking, how's the leasing experiences so much of science behind it, you wouldn't understand it if you're in a strong market, right? You'll think, oh, it's going up to 95% occupied, oh, I'm making money all capitals, compressing it, nothing on your effort. But when the cap rate is decompressed that's when they the tenants leave, or when your market starts doing very well, I mean, you have to have those skills to manage that budget, to manage that shift. And I think I think it's important to start from small, that's what I feel, I mean. Jason:  I'll give an example I had since we self manage, I mean, I'm not the one out showing units and advertising units, but I was between property managers had one guy phasing out, and he actually bought several properties for me. And so he kind of graduated into being a full-time investor and had a new guy coming on and we were about a month in between. And the first deal I syndicated it's an 86 unit property, it had 16 vacancies. And I'm like, you know, not only am I investor on the general side, I put my money in this is limited; I can't live with 16 vacancies. So I went out and I showed the units myself. I got things rented and did the hard work, none my time should be spent doing that, I don't love that. But I know how to do it from years and years of doing it early on. So I went out and I got like a dozen units rented in a month and got that down to four out of 86. And then when our new property manager started, he was able to just kind of hit the ground running. But so I think that that's like an example of why it's good to be able to have that experience. And like you mentioned contractor management. I mean, you just recently, I know you've seen how to disaster one of your properties. And if you don't know how to deal with contractors negotiate the best price and make sure they're showing up to work every day and keep things on a schedule, you know, things can go really wrong when things go sideways in business, you have to have that sort of that people management side of it from dealing with tenants to contractors and banks and all that kind of stuff.   James:  Yes, absolutely. I mean, I just came back. I mean, before this podcast, I was sitting like, almost two hours in one of my property which we are recovering, with my property manager, regional and planning out the make ready plan. And how do we do this because sometimes you can't expect them to do the whole plan, right? I mean, sometimes we have a lot more planning skills and I have to tell them from day one to do this, how many of units, have to give them each plan. So they recover very quickly. And you can't do that if you don't have the real in a single-family, or quads or duplexes construction experience, right. You can't do that, because you're going to be taking the words from the property manager or your regional right. So yeah, I think it's important that you really learn the science of real estate, especially now when the markets are good. It's hard to learn when the market is bad because things are really going wrong at that time. So that's very interesting. So how is the Pennsylvania market? Can you describe it? I mean, I never interviewed anybody from Pennsylvania and I like to understand the market and how do you underwrite the deals over there? So high level, you did all your deals in Pennsylvania, because you live there, I guess is your backyard. Jason:  By default when I started out buying singles and doubles then, we're doing it ourselves. I didn't know any other way. I'm like, why would I buy something in Cleveland, I gotta drive an hour and a half every day to Cleveland. So you know, Pennsylvania is a funny state. So we have Philadelphia on one side of the state, Pittsburgh on the other side of the state and in between, and no offence to anybody else in Pennsylvania, but it's like, it's Kentucky. I mean, it's just farms and everything else and there's not a whole lot of population but there are areas like Harrisburg, Scranton, Erie, where I live. And so there are these tertiary markets. And so, Philadelphia and Pittsburgh are like any other bigger market where cap rates are compressed and they have a ton of population, there's a ton of employment. But I'm a big fan of the tertiary markets and places like you're in Erie, Pennsylvania or York, Pennsylvania or even like Dayton, Ohio, I consider a tertiary market. Canton, Ohio, Akron, Ohio, like, you know, Rochester, New York is a secondary market, but maybe a smaller town around that, for instance. So, and my reason being that when you have areas like Denver in Nashville or Austin, Texas, that over a period of time had, you know, that population growth of a million people or more over a 10 year period, when 2008 happened, or after 911. And now there was a huge pullback in the economy and people losing jobs and unemployment goes up to 8% or 9%. Those are areas where people are losing jobs, those are areas where the rents kind of pulled back, because you all of a sudden, there's these in multifamily, you do value add after value add and rents reach it's peak, at some point when the economy turns those rents out to pull back. So the flip side is where there's a lot of time growth, like in Erie, Pennsylvania, it is slow and steady. So, in 2008, home sales, slow down, but nothing, that the values never went the other way. And we still live in an area where we have several universities, we have several hospitals, we have to the nation's largest medical school, in Erie, Pennsylvania, and so there's a lot of students, there are manufacturing jobs, there's other like medical and some technical type jobs, but just a smaller geographic area, smaller economy. Now, the downside is we never have this wild booming prices and you can't really ever bank on a lot of appreciation. But at the same token, when the economy pulls back, our rental base really isn't going to be affected. So, for instance, if I have $700 or $800 a month apartment and 20 tenants lose their jobs, well, they'll still be able to afford the rent on unemployment. Now, it maybe tough for them but it's not as though they're paying 1500 dollars a month rent. And so I look at it from a practical standpoint, that while I should be able to maintain my occupancy levels and fight through an economic downturn. And so the nice thing with the area that I kind of proved itself out in this last syndication. We had several people from out of state come in and really liked the idea that there's this level of predictability that, okay, when the market turns, we're not going to lose if you know, 100,000 jobs a year, because there are 100,000 people that live in the city of Erie, there's another 250,000 that live in the surrounding county. So our greater metro area is about 300, 000 to 350,000 people, that's still sort of a small area, and, you know, the largest employer might employed, you know, 5000 people, and there are several larger small employers like that. So the economy is set, sort of stable, you know, you go to Gary, Indiana, or places like that same thing. And so the other thing that would protect somebody on the downside is just making sure you have optimal financing locked in, though for the most recent deal, we locked into 12 years fixed as opposed to 10 years fixed. Even though the prepayment, our maintenance is up is nine and a half years, you know, we have a little bit of flexibility. So if we are in an economic downturn, you know, I saw it in 2008, saw a lot of people lose their investment. I think, locking into something that gives you that flexibility to weather a national or international economic downturn, least for a few years, not that you can totally time the market, but you have enough flexibility to when you want to exit the property. But such as Pennsylvania, these other smaller markets, I mean, I think if you're in it for the long haul, that's your strategy is like, long term cash flow, I think you can't really go wrong with these smaller areas. You know, there, there's just there are jobs, you know, I mean, and they're not the highest paying jobs throughout the growing areas, but it's a different sort of business model. We told our investors in these deals, hey, this is a 10-year hold and we may hold longer if you want to stay longer. And I think that people like that idea, as opposed to like, doing like a three-year payback or a five year refinance, like, we're just holding into a longer and I think that's it's a different strategy. But it feels to me for investors that want sort of that long term stability and predictability. James:  Yes, I mean, real estate, in general, is a long term play, right? So is Pennsylvania landlord friendly state? I'm not sure you know what it means because you only buy that, you didn't compare to the taxes or anybody else. Jason:  But you know we have friends, -- James:  Okay. Jason:  Probably the same friends around the country. And what I will say is, it's not like California, it's not like New York. James:  Okay.   Jason:  So hear these horror stories where it takes months and months to evict somebody. Pennsylvania is fair, there's actually some legislation to make it even better. But you know, speaking from a practical standpoint, if you have to evict somebody, and you follow the letter of the law, to the day, it's about 40 days. James:  Okay, it's not too bad. Jason:  And so it's not too bad. James:  Yes. Jason:  Well, it's fairly easy, especially if you're looking to terminate a lease for behavioural issues or whatever, it's not you can't get them out in 10 days, but you're not waiting three or four months to get rid of somebody. And people have if tenants appeal not to get too far in the weeds, but if they appeal an eviction, they have to put their money into an escrow file, they just don't let the tenants like dictate the policy. There are actual things in place that make sure that it's so overall, I'd say it's more landlord friendly than most. James:  Yes, I think it's almost similar to what we have in Texas, I'm sure there are more details there. But in terms of eviction, and putting money in escrow when they get evictions and all that is similar to what we have in Texas. So what about underwriting? So when you underwrite deals, multifamily deals in Pennsylvania, do our taxes go up as per the purchase price and how much percentage it grew up? How do you underwrite? Jason:  So on smaller properties, they don't. I think if you're more distressed, but let's just say places where opportunities would be occurring, those types of like C and D class neighborhoods, they wouldn't, because the city or the municipality wants people to continue to invest there. But we budget for a tax increase based on there's a common level ratio that, you know, based on the purchase price, the value of the property, we should budget for X amount of, you know X amount of dollars. James:  But how many per cent do you go up to purchase price? Is like 100% of purchase price times flat rate or is it 80, 90, 70? Jason:  Well, yes, is about 80% of the purchase price.   James: Okay, got it. Jason:  But what I would say is that you know, we've appealed that before. So, as an example, I bought an eight-unit, wasn't the big property, I paid a premium for that for the deal, I paid a little more than I would have sold for on the open market. But the seller had said, hey, look, I'm going to sell to this price, they held the paper at 25 years fixed rate at 4%, no balloon, no prepayment penalty, and I had to put 5% down, great property, the returns are great, but it was a paid more than it was worth. You know, there are different ways to look at that but that was flagged for a tax increase. And so, you know, we fought that, and have made a very strong argument that, well, look, this is the reason we bought this was because of premium financing. And I've seen friendly neighbour, one of my properties, they bought a very large complex, and they're fighting a reassessment. Because even though they put a certain amount of money into the property and it's a large complex, like, they're arguing that, hey, you know, it's going to take, we paid a premium, because there's not a lot of property around like this, but it was severely distressed and we're not going to see a return on our investment for X amount of years. And so I think oftentimes, rather than just try and fight the assessment as a fight, sometimes you can go in and negotiate and create a situation where you talk to the board. So there's a board of folks that they work for the school district, for instance, you know, the appropriate school districts and say, they flag these properties, then they try and increase your taxes. So as the property owner, you have to go in with a realistic approach to say, hey, look, I know, these taxes are going to go up, but hey, I bought a property and here's why we pay more for it, or here's the story. And here's how long of the time is going to take to increase the taxes and sometimes getting a little bit more personal and we still want to an attorney involved, and you still want to be able to with someone experienced with that type of appeal. But I think that oftentimes, if you kind of go into it with a positive intention, and are truly enough, you're doing a value-add to the property, things like that, you're able to kind of create some sort of negotiation that those boards will oftentimes, like, at least in smaller areas are typically friendly. I mean, I don't want to jinx myself and get into a situation where your taxes double but I think you can oftentimes negotiate what that actual raise would be. But to answer your question when it comes to underwriting, will typically still budget that common level ratio, which is 80% of the purchase price, say, hey, we're budgeting worst case scenario, here's what the taxes are. And here's what we asked, so here's what we got the budget. And great if they don't get raised, you know, for five years, and they don't get raised at all, then we lucked out but we live in an area where they don't look at every single transaction. I mean, I've been fortunate in some instances where the taxes have stayed the same, and I paid a lot more than what the previous owner did, but they kept the taxes the same. So they're not as aggressive as other areas. But that being said maybe it's just a matter of time before they really see it. And I just think it's always a matter of when you underwrite, you got to play it for the worst and play it for those increases, but when they come like try to negotiate and try to fight those increase because more often, you can have some level of compromise. James:  Absolutely, yes. Yes, I'm surprised that you can negotiate to that level, which makes sense, right? I mean, these are some county I think they're not very flexible. So what about insurance? I mean, do you get a lot of snowstorm and storms in that, n Pennsylvania? I know it's, I know, it happens but can you tell us how is the insurance costs that you and your underwrite? Jason:  Our winters are terrible, I mean if you like to ski and you like outdoor stuff in the winter, but yes, I guess our insurance does cover for things; like a few winters ago, there was a terrible snowstorm and ended up being the second-highest or third highest snowfall of all time in the US, in the major metros, almost 200 inches of snow that fell back winter, it was disgusting, but there was a lot of roof damage and gutter damage and all sorts of building damage. So I think insurance companies, they billed that into their underwriting. But yes, you plan for those things. You know, as I built my business, from a practical standpoint, have always tried to hire maintenance guys that can handle like your general things, like, you know. If I call a contractor to repair gutters and [inaudible42:37], he may bill $10,000. But I know that I can have my guys in-house do it for $3,000. So we try to take an approach where if there's a lot of stuff that we can fix, we do it ourselves, but here really the winters and the worst things that can happen. And so, you have to kind of bill that into your plan. But there's a lot of things you can do to mitigate damage in the winter, and it just becomes a different different analysis. I mean, I'm sure people have own properties and like, where you're at Texas, or Arizona, where it gets really, really hot, there are other things that they have to do to plan out for insurance or if you live in a hurricane area, the same thing. So I think that when you underwrite from an insurance perspective, especially on the larger deals, they're going to give you a plan, they're going to tell you, hey, these are the things we need to do. And so oftentimes, as the owner operator, you got to take care of those issues, whether it's deferred maintenance or just ongoing maintenance. A lot of your listeners might know that the letters going to ask for those repairs so that keeps you from having, you know, it's that routine maintenance and ongoing maintenance that you have to do with your property to ensure that you're not just like waiting for some big insurance claim to happen to put money back in the property. So, in a sense, the lenders forcing you to make sure you keep up with your property. James:  Got it. So you self manage your own property and you started from quads and duplexes, is that right? Jason:  Correct, yes. James:  Right. So what do you think is an advantage to self manage? And what's the disadvantage of self-managing this larger apartment complexes where you're buying a 200 and 100 units right now? Jason:  I mean, I think I'll start with the disadvantages, I think the disadvantage is that you're at some level, you're always involved with managing employees; so you deal with those people, you're dealing with tenants and their problems. And now, you know, at our level, where I've got a number of employees, I don't have to really get involved with the tenant level too much anymore. But that sort of the problem is that you're going to find yourself in the mix and dealing with situations too close to home. And so if you're a passive investor, you're just getting a return on your money. So when you self manages, you're earning that kind of, like, extra return that you get. But the advantage of self-managing, I think, you can control the property better. You have a better handle on what's going on because you're right at the front lines. I think, with a lot of syndicators, at least, well, even people that have smaller portfolios, and if they tried to get a third party manager, that's the hardest part of the business is finding a quality, third party management. And I think if, you know, somebody said it once, and it's not entirely true but somebody said to me once that no one's ever going to manage it, as well as the owner. And I feel like if you have your skin in the game, you know, if you self manage it, you're going to make sure things go right. Like the idea that I jumped out, try to fill 16 units when I was between property managers were, if that was with a third-party manager, well, right, and I can manage my property manager and say, hey look, you got to be refreshing the ads every day on apartments.com. I need you to track your leads and follow up with people. And you can control the process to make sure that you're at the occupancy level that you want, making sure that your maintenance calls are being followed up on. But that is a little bit of a headache, but at the same point, you know that you learn that. I mean, if you self managed, you're getting typically in a syndication, you're going to have the property management fee, the asset management fee. So yes, it's work, but it's extra income. And if it's something you enjoy doing, you know, leading a team of people to manage the property, it can be a lot of fun and rewarding, too. James:  Yeah, it's very rewarding, because now you're doing the whole pipeline end to end and how are you controlling a deal. So let's go back to a bit more personal stuff, right? What do you think is like the top three things that are your secret sauce to your success? Jason:  Okay. Let's say one would be not giving up, just always maintaining a positive attitude. That sounds so simple, but I mean, there are literally things every day, as you know, in this business that make you question like, why am I doing this? Why am I still, this is driving me nuts. And so I just think, you know, always keeping that positive attitude, because what you focus on expands. And if you're focused on the negative, then all you're going to see is the negative. And so, but it's true in any business, not just apartments, so that's one thing. Number two, I've had a lot of success with getting off market deals, whether it's been the 205 unit or a duplex when I was starting out. You know, just really see the value of building a relationship with sellers, building relationships with brokers and so it's that relationship building, where just trying to take a genuine interest in other people become friends with them. And you know, hey, someday down the line, we may do business, and it always seems to come back in spades, later on. So that's probably like, the second thing I think I'm pretty good at. And the third thing is just, knowing what's a good deal and being able to pull the trigger, not overanalyze too much. I know a lot of times you get stuck in the weeds, and it shows the underwriting and things like that, where you just spend too much time dealing with, you know, just analyzing, not pulling the trigger. So that could be a fall at times but I think that's worked in terms of being able to take down properties and just make a decision and move forward. But knowing when to pull back and knowing once you know, when things aren't right. James:  Yes, interesting. And why do you do what you're doing every day? Jason:  Yes, I mean, as I said, earlier, I started out I was 23 years old, I wanted to be a millionaire, that was great early on. Well, at some point, it became the ability to be free of a job and not that for its own sake, but to be around for my family and friends. And so many people slave away on a day job and die young, because they traded their time for money. So evolved into that and really now I feel like creating better properties in our city, helping improve our area, providing valid and quality employment on a scale to people that are looking for work. You know, being able to get to have that freedom to spend with my family and again, being able to live a large and rich life of being able to give back to others and using our platform or the money we make, to make a better world for other people and give back. James:  Very noble means. And is there a proud moment in your whole real estate career that you think I'm really, really proud of a thing that you did and that's something that you can never forget? Jason:  You know, the easy answers probably always, like the most recent deal, you know, dealt. I think that, for me, probably one of the proudest moments, just being able to walk away from the day job. You know that was, I was making a really good income. And there's probably a four or five year period there, where I just kept saying, I'm going to leave my job, I'm going to leave my job. And I just finally got the courage to be able to, like walk away and have that confidence in myself that I can do this and have it be sustainable living. I just, you know, for whatever reason, was probably full of more self-doubt that I needed to so just being able to just kind of like barrel forward and do it, I was really proud of that moment. James:  Yes, that follows you until the end, but it's memories so awesome. And I think that's what we have Jason, why don't you tell our audience on how they can get in touch with you and where's the best place to reach you? Jason:  Sure. If anybody wants to get on my calendar and have a chat, they can find me on LinkedIn, Jason Pero. They can find me on Facebook as well. If you want to have a chance to get my email, Jasonpero@yahoo.com and then my cell phone. I can get that out as well, too. James:  Okay. You don't have to give it out on the podcast. Jason: Okay. James:  But yeah, it's up to you. Okay, so awesome. Thank you very much for joining us, Jason. I really enjoyed learning about the Pennsylvania market and how did you grow from quads and duplexes to like almost 900 units right now, under management and I did learn a lot and I'm sure my audience will too. Thank you very much. Jason:  Thank you, James.

Jason Pero, Founder of Pero Real Estate, joins us to share his journey from W-2 Employee to Owner of 900+ units and the lessons learned over 18 years in the business. Connect with Jason at https://www.perorealestate.com/partners

Jason is a real estate investor from Erie, Pennsylvania who owns and operates over 900 rental units with his wife, Nadia. They have built their portfolio over the past several years owning everything from single family homes to large 80 plus unit apartment communities. He started his business while maintaining a day job in medical device sales, which he was able to retire from in 2012. His most recent syndication was a 205 unit deal in quarter four of 2018. In this episode Jason and I talk about: Finding individual with a drive to learn in this business, even if that means they will eventually move on to start their own. Grooming and training these individuals to become a tier above an average employee; one that can make decisions without your guidance because they know the business Examples of Jason's own employees and an explanation as to why you need to know your employee's motivations. How to reach Jason: Email: jasonperoATyahoo.com Website: http://limitless-estates.com Phone: 814-397-8030 Facebook: https://www.facebook.com/jason.pero.7 LinkedIn: https://www.linkedin.com/in/jason-pero-70aa9a6/ _______________________________________________________ Thank you for taking the time to listen. If there is something I can do to help you or your business or you would like to introduce yourself, please get in touch: Web: http://longviewacquisitions.com  Email: dave.morgia@longviewacquisitions.com Instagram: https://www.instagram.com/longview_acquisitions/

Today our guest is Jason Pero. Jason is a successful real estate investor. He used to be no longer is used to be a medical device sales rep in the corporate world. Working hard, selling those medical devices, and then on the side, was investing in real estate. He bought his first duplex in 2001. When he was rubbing two nickels together, Jason and his wife, Nadia, and has built up his portfolio hundreds of units. As we speak, he closed a 205-unit deal in his market in Erie, Pennsylvania. And 'that's the only place he invests, a tertiary market in Pennsylvania. We don't talk about a lot to folks who focus on just one tertiary market. It will be interesting to get that angle as well. We will talk about how Jason got into passively investing in real estate with high-income investors like lawyers, doctors, and folks like that.In this episode, you will learn:A brief history of how he started as a real estate investorOpportunities in investing in tertiary markets Working with passive investors and real estate syndicationBiggest lessons of new high-net investors to diversify their investmentsThe stumbling blocks of investors in real estate investing.The priorities in terms of downside protection, cash flow, return, maximizing the assets, and all of the advantages of real estate investingUnderstanding the investor's mechanics in getting the right dealsQuotes:"Hard work and doing things the right way does pay-off.""The best investment in self-development is me, in the personal and professional level. Investing in Mastermind, being surrounded by the right-minded person, is a great investment." "To be resilient during the downturn. Time can cure all of that. Might get a hick-up, but be patient. Time will cure all of that. Do not panic. Learn the value of staying calm." About Jason Pero:Jason Pero is a successful Real Estate Investor, and Founder of Pero Real Estate. In 2001, he and his wife bought their first rental property. Started the old fashion way, built from one salary, and saved to a down payment, and got to more significant real estate deals. Then, he got to 300 units. In 2012, he left his day job as a Medical Device sales rep. He got the ball rolling, got creative, and found some private investors and hard money lenders. Still did the business the old fashion way, used different financing strategies, and now owns 650 units that his company manages in Erie, Pennsylvania. Important Links:About:  Jason PeroWebsite: perorealestate.comPhone: 814.397.8030LinkedIn Facebook 

We discuss the KETO diet and the benefits, the truth about chiropractors, and holistic ways to improve posture! SO much juicy information to take home! More information can be found on Jason's blog doctorjase.com/how-to-get-rid-of-the-keto-flu/ Meal Guides & Nutrition Counseling www.elizagfitnessandhealth.com/

We discuss the KETO diet and the benefits, the truth about chiropractors, and holistic ways to improve posture! SO much juicy information to take home! More information can be found on Jason's blog https://doctorjase.com/how-to-get-rid-of-the-keto-flu/ Meal Guides & Nutrition Counseling https://www.elizagfitnessandhealth.com/

We discuss the KETO diet and the benefits, the truth about chiropractors, and holistic ways to improve posture! SO much juicy information to take home! More information can be found on Jason's blog doctorjase.com/how-to-get-rid-of-the-keto-flu/ Meal Guides & Nutrition Counseling www.elizagfitnessandhealth.com/

If you’re in the position of working full time and investing part time, so was Jason. For some, that’s fantastic and they wouldn’t have it any other way. For some others, they are looking for a way to leave their full time job and invest in real estate full time. We’ll hear how Jason did that seven years ago, and how he has continued to scale his business since then. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on your mindset and personal growth” - Jason Pero Jason Pero Real Estate Background: Started investing in real estate since 2001, left his day job in 2012 Currently owns nearly 700 rental units, recently completed first syndication deal President of his local REIA/Apartment Association representing over 1600 members Based in Erie, PA Say hi to him at jasonperoATyahoo.com or 814.397.8037 Best Ever Book: Old Charlie’s Almanac Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.    TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off. Go to and enter code FAIRLESS for 25% off your next screening.

Jason Pero - 600 doors that aren't even syndicated! RaisingMoneySummit.com Use Promo Code "PODCAST" to save! DealMakerLiveEvent.com/Adam

When a business is scaling, the entrepreneur sometimes tends to do all task by himself, thinking it would that be beneficial for the company. However, having that mindset isn't really authentic and you need to admit you are not an expert in everything. Jason Pero, an investor and the Founder of Pero Real Estate, talks […]

Jason Pero started off as a “hobby landlord”, like many do, while still maintaining his day job. In this episode, hear how the impact of just the right Mentor transformed Jason from “hobbyist” to a serious BUSINESS OWNER! Scaling from 23 units up to 79 units in a single deal, this story focuses on how Jason adapted in BUILDING a business and a TEAM to create a life of more FREEDOM. Learning and leveraging his relationship with his Mentor REVOLUTIONIZED what was a passive extra income into what Jason SCALED into a FULL-TIME career. This is an exciting and inspiring story that will help you learn to DREAM BIGGER! With the right NETWORK and KNOWLEDGE, Jason’s story can be yours, too! Jason’s Bio: Jason lives in Erie, PA with wife Nadia and 2 children. He purchased their first duplex in 2001 and built a modest portfolio while maintaining his day job as a medical device sales rep. In 2012 he began to run his real estate business full-time. His portfolio now consists of over 975 units. Jason is President of their local apartment association (REIA) which represents over 1600 members in Northwestern Pennsylvania. With his free time, he loves spending time with friends and family, traveling, and attending concerts and sporting events. How to Contact Jason: https://perorealestate.com/ JasonPero@yahoo.com

Jason Pero bought his first duplex in 2001 and never looked back.  He quickly acquired more units, started a management company, and left his W-2 job by 2012.  He now owns over 650 Units that he manages through his company, Pero Real Estate, located in Erie Pennsylvania.  Jason recently completed his first syndication of 86 units and is going to share with us how he structures his deals for investors.  We'll also learn how & why he prefers to acquire properties in his own backyard, off-market, and directly from sellers.  And Jason will share the tools and software he uses in his property management business. Jason is also the President of his local REIA, the Apartment Association of North West Pennsylvania.  We discuss why its important to be active in your local real estate groups and how its helped both of us make huge progress in our investments while giving back to the investor community. I know you're going to enjoy this conversation with Jason.  He shares a lot of the details on how he grew his portfolio, and how he and his wife were both able to leave their W-2 jobs. Jason can be contacted by email at jasonpero@yahoo.com

https://perorealestate.com/ (Pero Real Estate) was formed in 2001 by Jason and Nadia Pero when they purchased their first duplex. They now own and operate over 650 residential rental apartments in Erie/Northwest Pennsylvania. PRE’s primary focus is the acquisition and rehabilitation of distressed residential housing. We look to be part of the revitalization of downtown Erie by improving it’s overall housing stock one property at a time. Jason and Nadia make their home in Erie where they raise their 2 children. They are active members of the Apartment Association of Northwestern Pennsylvania. Jason has served on the Board of Directors since 2008. Key Points Starting with a duplex and scaling to over 600 units Growing a portfolio without partners Personal development as the fuel for your growth The importance of building relationships Being the best in your market Lightning Questions What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Money and age factor. Jason didn’t have any money. He took the first $3500 he earned and invested it in real estate. Do you have a personal habit that contributes to your success? Jason tries to exercise every day and read every day. Do you have an online resource that you find valuable? Real estate Facebook groups What book would you recommend to the listeners and why? https://amzn.to/2TIGTiI (The Compound Effect) – Darren Hardy https://amzn.to/2TIgEZz (Poor Charlie’s Almanac) – Charlie Munger If you were to give advice to your 20 year old self to get started in real estate investing, what would it be? Enjoy the journey and create some balance. Resources Visit http://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 (Audible) for a free trail and free audio book download! https://perorealestate.com/ (Pero Real Estate) Jason Pero’s https://www.biggerpockets.com/users/jasonp15#0 (BiggerPockets profile) Jason Pero’s https://www.facebook.com/jason.pero.7 (Facebook profile)

Jason shares how he built his rental portfolio the old fashioned way by saving for down payments. He slowly bought properties as he had enough for down payments. Eventually, he had enough rental income to replace his W2 income.

Jason Pero, founder, Pero Real Estate reveals how financial discipline, continuous learning, and effective networking allowed him and his wife, Nadia to grow their real estate portfolio to 650 units over a span of 17 years. This show kickstarts with Jason recounting his early years as a real estate investor. Was it difficult for Jason […]

Today we chat with Jason Pero based out of Erie, Pennsylvania. Jason is a former Medical Device Sales rep and is the perfect example of a corporate investor. Jason and his wife both had good jobs and lived below their means. They slowly bought one rental at a time and snowballed into larger and larger deals. Jason eventually had enough cash flow to leave his corporate job and now owns over 600 units. In today's show Jason tell us how he was able to do it and gives some great tips to help you do the same!

Here’s some of what you will learn: Where to find deals from mom and pops who own multiple units? Finding a 56 unit, 10-building, $1.1M deal w/ 10% down – seller financed the rest – from the newspaper! What does self-managing really mean? Understanding what it takes to run a successful property management company. Finding a long term mentor. The incredibly valuable conversation to have with tenants during the leasing process that makes a huge difference. Simple tips to improve resident satisfaction. What’s important in property management systems these days? What is a KPI? How many team members does it take to manage 400 units and what do they do? The biggest piece of advice I give to anyone who will listen. Book recommendation: “The Entrepreneur Roller Coaster: Why NOW is the Time to Jojn the Ride” by Darren Hardy Book recommendation: “The Compound Effect” by Darren Hardy Want to build Lifetime Cash Flow from Multifamily Properties? If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business!  - if you'd like to receive information about our program, text CRUSH to 41411 now.  Recommended Resource Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://meetme.so/RodKhleif  Review and Subscribe Posted in Podcast Tagged acquisitions, Jason Pero, Pero Real Estate, apartment investing, apartments, appreciation, Assisted Living, broker, brokers, business, cash flow, cashflow, commercial, commercial real estate, CRE, CRE investing, Defaulted paper, Donald Trump, entrepreneur, equity, Eviction, expert, experts, Foreclosure, funding, Hedge fund, investing, investing in real estate, investments, Rod Khleif, Rod Khleif Florida, Rod Khleif Real Estate, Riyad Khleif , manager, mergers, millionaire, multi-family, multifamily, Office, passive income, podcast, private lending, private money, property management, raw land investing, real estate, real estate broker, real estate cashflow, real estate coaching, real estate investing, real estate investor. Investing, REIT, Retail, Robert Kiyosaki, sales, Sales Coach, sales expert, Sales Training, Self Storage, Selling, Senior Living, Shopping Center, Short Sale, Suburban Office, syndication, training, value add, Repositioning assets, multi-family expert, multifamily expert, multi family investing, multifamily training 

Jason Pero is a real estate investor who built a company allowing him to walk away from a lucrative career in the medical device industry to pursue his passion and purpose.   Secret -- timesaving technique Identify your three biggest tasks -- ask yourself if each task aligns with the end goal -- delegate your duties. ONWARD! Daily habit that contributes to success Jason’s daily habits revolve around self-care, meditation techniques, and self-enrichment. Could have ruined your business -- but now --  an invaluable learning experience Jason had to learn to overcome fear after an unexpected building fire -- and Jason tells the whole story here. Most critical skill you think business owners need to master to be successful “A business owner has to adapt and become a master of their craft through personal development.” Most influential lesson learned from a mentor “It’s great to follow in the footsteps of others -- but at the end of the day you're the business owner.”     Final Round -- “Breaking Down the Recipe for Success”   What systems would you go back and put into place sooner? “I would have put a system in place to help with bookkeeping and limiting errors.” What one strategy or “recipe” would compound into big wins for business owners? Always try to affiliate and associate your organization with the highest quality people. How to exceed expectations and add the most value? An individual who comes to the workplace with confidence and the ability to communicate with their peers. What strategy would you recommend new business owners focus on to best ensure success? Dream big Battle through the difficulties How best to connect with Jason: jasonpero@yahoo.com http://www.perorealestate.com