#106: Gutting It Out On His First Multifamily Deal, Buying LIHTC Properties, and Growing a 1,000+ Unit Portfolio with Jason Stubblefield
Great episode this week with Jason Stubblefield, where we talk about how he overcame a tough upbringing, his background in the military, how he found real estate, and why he invests in affordable housing. In this episode, Jason discusses his first few single-family deals and why he decided to move into multifamily. We learn about his first deal, a 34-unit apartment complex, and the challenges Jason overcame in executing his business plan. Lastly, Jason shares why he and his partners invest in affordable/LIHTC properties and how he overcomes the challenges of owning these types of properties. Timestamps: 03:35 - Jason talks about his background and his first few deals 04:49 - We discuss the challenges that come with investing in single-family properties 07:34 - We talk about Jason’s first deal: A 34 unit apartment complex 09:15 - Jason elaborates further on the first deal and the challenges and lessons he learned from it 12:41 - We talk about Jason’s experiences with mentorship and why learning from others is so critical 15:37 - Jason shares how he was able to close his first deal (debt, capital, etc) 18:07 - What Jason learned from raising capital on his first deal 23:38 - We dive into affordable housing and why Jason and his partners focus on the asset class 31:07 - Jason's thoughts on affordable housing and his philosophy behind it 36:18 - Possible reasons for the lack of affordable housing 38:18 - We talk about Jason’s experiences as a veteran and the skills he took to real estate 39:07 - Jason’s piece of advice to himself before starting his real estate career 40:05 - We discuss Jason’s most significant business-related failure and what to learned from it 41:05 - We talk about a skill/trait that Jason attributes his success to 41:51 - Jason shares his short term goals CONNECT WITH AXEL https://www.instagram.com/multifamilywealth/?hl=en https://www.linkedin.com/in/axelragnarsson/ CONNECT WITH JASON http://jasonstubblefield.com/