On this episode of The BiggerPockets Podcast, we sit down with an investor who's also a Grammy-nominated musician! Jeremy Jones has been acquiring rental properties in the Seattle metro area for several years, focusing primarily on multifamily investments and supplying him with a stream of passive income. You’ll love both his tactics and mindset and will walk away from this interview with numerous actionable ideas to help take your business to new heights. Enjoy!
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This Show Sponsored By
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
Fire Round Sponsor
A huge thanks as well to our Fire Round sponsor MileIQ.
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In This Episode We Cover:
A little bit about Jeremy and how he started
How he got into real estate by chance through his music career
How to maximize your income by renting by the room
His first non owner-occupied rental
What you should know about buying foreclosures
The BRRRR Strategy and how to use it
Advice on having a "long term flip"
A discussion about hard money
The importance of having exit strategies in mind ahead of time
The topic of refinancing
How to develop a criteria for purchasing houses
How exactly banks and loans work
REO vs. foreclosure auctions
How Jeremy uses seller financing
Where he buys properties and why he keeps them close to home
How he manages his property and finds great contractors
And SO much more!
Links from the Show
Interested in becoming a guest on the BiggerPockets Podcast? Click Here
Building a Rental Portfolio Through "Long-Term" Flips
RedFin
BiggerPockets Forums
Books Mentioned in this Show
Rich Dad's CASHFLOW Quadrant by Robert Kiyosaki
The Power of Full Engagement by Jim Loehr
The Law of Success by Paramahansa Yogananda
Tweetable Topics:
"If you have comps in mind, you can increase your confidence.” (Tweet This!)
Connect with Jeremy
Jeremy's BiggerPockets Profile
Jeremy's Personal Website
Jeremy's Airbnb Property
Jeremy's Harmonium Performance: