Flipping America: Flipping America 381, Jason Pero and the Cash Flow Juggernaut

Flipping America 381, Jason Pero and the Cash Flow Juggernaut

Aug 11, 2020

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.

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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]