BiggerPockets Real Estate Podcast - 851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie

Starting point is 00:00:00 This is the Bigger Pockets podcast show 851. What's going on, everyone? This is David Green. You are host of the Bigger Pockets Real Estate Podcast, the number one real estate podcast in the world. Each week we bring you the knowledge how-toes and the market insights that you need to make the best possible financial decisions you can in order to improve your financial position and build the life that you've always wanted.

Starting point is 00:00:23 In today's show, Rob and I are interviewing Jason V. Lee, who built a portfolio that now pulls in six figures a year by an investing in an often overlooked asset class. Jason was able to leave his W-2 job this year after replacing his income from real estate, the holy grail, the goal of every single real estate investor. And we are going to share exactly how he did it and how hopefully you can too. I'm joined today with my co-host Rob Abbas Solo, Rob. How are you? Good, man, good. You know, we get into some very, very good conversation about what a true worst case scenario deal looks like. We're going to give you some insight on an underrated asset type that

Starting point is 00:00:59 might be the way for you to get into real estate investing. And we're going to show you how to take a leap and scale into multifamily if that's what's next for you. And before we bring in today's guest, Jason, a quick tip for all of you loyal listeners. Have you ever listened to a podcast and not known what the word that someone used meant? Maybe you've been to a meetup and you heard people talking about a type of real estate investment opportunity and you just weren't sure what they were getting at. This may seem simple, but remember, you can always Google what a word means. I love this. Jason talks about how he did it by listening to the Bigger Pockets podcast. And I did it myself. This is one of the ways that I learned to speak another language. Google the words. You will get an understanding of what they mean and it will open your mind to how they fit into the overall real estate investing picture. Your confidence will grow. I promise. Jason, welcome to the show. How are you doing today? Doing great, man. Excited to be here. It's an absolute honor. How are you guys? Jason lives and invest in North Carolina, a state that I'm going to be visiting early 2024. I am fascinated with that place.

Starting point is 00:01:59 has been investing for just four years and has done 29 deals in that time. His portfolio consists of two multifamily buildings, an eight unit and a 15 unit, both in North Carolina. He's also a part owner in two other multifamily properties. Plus, he has 13 active flips at the moment. That's insane. He's got $3.5 million in equity over his portfolio and an overall net cash flow of $10,000 a month that does not include his flips. This is a real estate stud that we are bringing to you all to. today. Jason, great to have you.

Starting point is 00:02:31 Thank you so much. Happy to be here. Now, it hasn't always been a totally smooth journey to build a portfolio that you have, Jason. Let's start right in the middle of your first deal ever. This was 2019. You just bought a ranch house that you found on Craigslist. Great place to start any kind of a journey. I love where this is going right off the bat. Things started to go bad at the home inspection. What went wrong there? On paper, it looked like a great deal. So I'm a numbers guy. That's my background. and so numbers looked like it was going to be a great rental, and that was my intention was not to flip it,

Starting point is 00:03:04 but to keep it as a rental. And I had no idea what I was doing construction-wise. I knew the numbers, but not construction. So when I went to look at the property, it looked fine. It looked livable. I didn't think it really needed much of any rehab, maybe a little carpet, but not much at all. And so then to protect myself,

Starting point is 00:03:24 I thought I was being smart by hiring a home inspector to check behind me to kind of cover some of that, you know, slack that I didn't know. And I was an idiot in looking for the cheapest home inspector I could find and found the flat rate home inspector that only charges 300 per home inspection regardless of the size of property. And he missed every single thing on that home inspection that I missed that he should have found. So there ended up being mold inside of the termite, inside of the cabinets the cabinets were falling apart they were termites in the cross

Starting point is 00:04:00 space the roof had to be replaced i mean you're talking major expenses that neither of us caught man okay so let me ask you this now in retrospect obviously that was a pretty cheap inspection but is there sort of like a price point that you're like you know that you're more happy to pay now are you more happy to pay for more expensive inspections uh i don't know there's a particular price point but maybe more along the lines of uh referrals from other sources. So particularly go to your agent friends and say, hey, when you're selling a property, who's the home inspector that you hate for the buyers to have? You know, the home inspectors that pick apart the properties that you're listing. Those are probably the good ones that you want

Starting point is 00:04:41 on your side inspecting the ones that you're trying to buy. That's a great piece of advice and insight right there. Yeah, absolutely. I think the easiest thing, best thing to do, and I wish I would have been smart enough back then to do this, would be to find somebody that's in the position that I'm in now that has done this several times that knows what to look for and just ask them to come with you. Ask them to maybe if you have to pay them to do it, that's fine. Bring somebody more experienced that knows what to look for and they'll help keep you safe. I love it. So let the home inspector find the problem and let this person that you're talking about interpret the problem for you so they can tell you if it's going to be a big problem or a small one.

Starting point is 00:05:20 Absolutely. So you had this inspector was obviously, you know, you get what you pay for. They ended up being super, super cheap. Then, as I understand it, things didn't go so well with your contractor on that property. Can you tell us a little bit about how much you lost with that contractor? I know. It was about $16,000 that I could not really afford to lose. Why did you lose $16,000 specifically? Did you just come in over budget?

Starting point is 00:05:43 Did the contractor walk out on you? Tell us a little bit about that. Yeah, so a lot of it was my naivity around contracts and scope of work with the contractor. You know, the contractor had asked for a fairly large initial draw to get started with the job, which I thought was reasonable because some of the items like the roofing material and HVAC were going to be pretty expensive. And then the next part of the draw would, you know, be him getting paid after HVAC being done or after the roof being done. Well, the problem is he had the HVAC guy go install the HVAC and then get a draw from me. And then I found out later that he never even paid the HVAC guy.

Starting point is 00:06:23 they came hunting me down for the money. And then he sent me pictures for part of the roof that he finished. And he told me that he finished the roof. I wasn't smart enough to go out there and get my eyes on it and check the work myself. And it turns out that he left a entire portion of the roof completely uncovered, raw sheathing exposed to the elements. And here I am having just paid him extra money. Dang. All right. So you had a pergola, a pergola inside your house, not an ideal place to have one. I feel like all good real estate investors go through this. I lost about $6,000 to a contractor who said he was doing all this work. Same thing. He sent me photos. And I was like, great. And it turns out that he was only showing me partial photos. And I felt kind of dumb because

Starting point is 00:07:08 I had a working relationship with them on other projects. So things get worse from here. Were you able to rent out this property? I was not. The house was unlevelable, unsafe as it was. All right. How did things turn out when you weren't able to put a tenant in there? And you lost money on the contractor and you had an issue with all the stuff that was missing the home inspection. Yeah, so I ended up having to just float the PITI payment of $351 a month for roughly two years before I eventually had cash to have another contractor go back in and actually complete the work. And then at that point, I absolutely hated that property. I couldn't get rid of it fast enough.

Starting point is 00:07:51 I remember those drives. It was like 35 minutes away from my house and just driving down the road and just like seeing certain trees getting close to that house. I'm like, oh, that's stupid tree. I'm tired of seeing that tree. We get to that house and it was just I was just so ready to be done with it. And so I ended up selling it. And at the end of the day, I should have lost a lot of money on that. But because as we know, real estate is forgiving with time, the market appreciated in those two years.

Starting point is 00:08:20 and I was able to basically break even at the end of it. In Vegas, they say a push is a win, so honestly, I don't think that's all that bad. So is this a scenario that you had imagined when you were running your numbers on the deal? I got to imagine you probably had different expectations for how things were going to turn out. Oh, yeah, I knew it was going to be terrible, and I still bought it anyway. Oh, you knew. Of course not. Of course not.

Starting point is 00:08:42 That was sarcasm. Jason very well delivered. You got me. You know, usually I can dish it out, but it's rare that you get me. All right. Well, now I feel dumb. In all seriousness, though, I knew when I looked at the numbers, the absolute worst case scenario, if I couldn't rent it out, if I couldn't get a tenant, whatever,

Starting point is 00:09:01 that I was going to have to come out of pocket that $351 a month. And I knew that with my personal finances, I could handle that. That if I had to float that for however long, it wasn't going to put my family's financial stability in jeopardy. Yeah, yeah. Well, we know that things did get better from there based on the numbers that we ran at the top of the show. And we're going to break down those strategies you used to get there after the break. Managing properties can feel like a full-on circus.

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Starting point is 00:12:22 We're here with Jason Vili, who just walked us through his first deal, a bit of a nightmare, where he learned some lessons the hard way. Luckily, Jason's story is about to take a turn for the positive. All right. From there, Jason, you continued your investing journey by flipping an unusual

Starting point is 00:12:37 and some would say underrated asset class. Manufactured homes. we don't hear about these very often. Can you tell us what some of the advantages are with this asset class? Absolutely. So I'll clarify just by saying that I only flip them when they come with the land. I don't do anything with them if they're just literally mobile homes. But for me, in the area that we live in, there are a lot of manufactured home neighborhoods.

Starting point is 00:13:04 They're everywhere. So there's a lot of opportunity. There's lower barrier to entry because the price points are. lower so either the amount of cash you have to bring to the table or borrow is lower which also helps with affordability selling especially with rates as high as they are right now getting them sold quickly that sub 300 price range is still going very quickly in our area one of the biggest things though is that I've found that most investors most house flippers especially the ones in my area have shied

Starting point is 00:13:39 away from flipping manufactured homes primarily because they don't realize that when they go to sell it, that whoever is buying it, as long as they're buying it as their primary residence, can still get a mortgage on it the same way as you can a stick-built house. You can still get conventional, F-H-A, USDA, VA, as long as they're buying it as a primary. Dang, that's crazy. Yeah, so I guess the misconception there, because I assume that there was some kind of financing on it, but I assume that because it's manufactured, it'd be like a 10 to 12% interest rate, but you're saying you can actually go and get these homes with just regular loans. Yeah, there's a few qualifications that have to be met, but yeah. And what would you say

Starting point is 00:14:22 the biggest advantage of this asset class is? To me, the biggest advantage is that there's so much less competition. I mean, I have so many wholesalers in this area that they know I only buy great deals. And so I may not be their top buyer for their stick-built properties because they've got John Doe next door that's willing to spend more money than I will. But John Doe doesn't touch the manufactured homes. So I'm still at the top of their list for those. So I'm able to get a lot more deal flow by doing those. And out of curiosity, what is your average return on a manufacturer at home flip? Yeah, I'd say on the on the low end, about 35,000, unless something drastic. goes wrong. And on the higher end, I've made, you know, a little over 100,000 on double-eyed flips

Starting point is 00:15:11 before. Really? Dude, consider my mind blown. I didn't even know. Maybe I just don't, I'm picturing like an incorrect home. I'm thinking like a very small kind of like a trailer home, but is a manufactured home, is that what we're talking here? Or is it actually like a stick built home, but just on like peer and beam blocks? Yeah, no. So it, I, I, literally mean either a single wide trailer or a double wide trailer that is on a permanent foundation. The wheels in the tongue have been removed and they qualify for the same types of financing. Let me ask you on that question here. When you were financing these, were you using a mortgage broker? Was there a local bank you were using? Who was the one determining what would

Starting point is 00:15:55 qualify for which type of loans? Yeah. So when I was buying them, I was buying them with short-term money of course. So the very first manufactured home flip that I did, which was the first true flip that I ever did, was a double wide. And I didn't realize that when I got it under contract, but after calling a bunch of hard money lenders, I realized that most hard money lenders don't want to touch these either. There are not a whole lot of them out there that do. But if you just hit the phones, look for them. I mean, it took me maybe 20 or 30 phone calls before I found one that loaned me 100% of the purchase and rehab on a double-wide flip, even though I had no experience at all.

Starting point is 00:16:36 They're out there. In this instance, so that's like a hard money lender. Are they taking like the actual manufactured home as collateral? Does it work the way a typical flip would work? It does. So when a manufactured home is put on a permanent foundation, you know, those cinder block peers, what's supposed to happen is the title is supposed to be canceled with the DMV.

Starting point is 00:16:58 and at least in North Carolina, there's a form that's supposed to be recorded with the county called a Declaration of Intent to Affix to Real Property. And that's basically you communicating to the county that, hey, this is no longer a mobile home. The title has been canceled. And thus, you can now tax this property, this building as real estate, as opposed to only taxing the land as real estate. So it becomes, once you surrender the title and file that form, it then becomes, real property. All right. That is great to know. And on that topic, what are some other considerations that people need to know if they also want to invest in this asset type? Yes. I think one of the

Starting point is 00:17:37 most important things is that people need to know that these do not make a good option for the Burr strategy. Reason being is you can't get an investment property loan on a manufactured home. So you can get the loans as a primary, but not as investment property. So if you were trying to do the Burr method, you wouldn't have a good refinance option to get out of it to be able to hold it. So unless you were using all your own cash and okay with leaving it tied up there, that wouldn't be a great option. Yeah, and just to run us through the Burr method, it's you buy the property, you rehab it, you rent it out.

Starting point is 00:18:14 And typically after rehabbing it and renting out, you can go to a bank and get a cash out refi to take all the money ideally out of that property that you invested in. Sometimes you leave a little bit of money in and then you repeat that process. And so that is a really, really powerful tactic that people use to scale up their real estate portfolio in real estate. That's, David, you've done that so much in your career. I've done it a couple of times. But you're saying that that very popular technique, not particularly applicable to the manufactured home side of things. Right, exactly.

Starting point is 00:18:43 The other couple things that are important to know with these is you have to be mindful of the age of the home. I try to not buy any that are older than 1990. I've made slight exceptions before. But reason being is most of the lenders out there, as far as the ones that will be lending to your buyer when you resell it as their primary residence, they're going to tell you that they won't lend on these if they're more than 20 years old. Almost every lender I've talked to has said that. However, almost every one of those lenders breaks that rule and still goes over beyond 20 years old anyway. where when you get older than about 1990 or so is whenever they can start to scrutinize a little bit more some of those qualifications.

Starting point is 00:19:28 So they might look a little bit more closely at, well, has the structure ever been modified? Was this deck permitted on there? And they might try to find other ways to not finance it. But if they want to and they don't find any other issues, to my knowledge, they're able to finance anything that is newer than 1977. I believe, because I believe it was 76 when the Department of Transportation, or not, when HUD started regulating these, allowing them to be financed. People love to call real estate passive income, which is interesting because most of the investors I know are very busy.

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Starting point is 00:23:12 company in the U.S., but you must complete it before the tax deadline. Go to costsegregation.com and use code tax deadline to get 10% off your first report. Don't overpay the IRS. Head to costsegregation.com before April 15th. So we've got a couple notes here. You're probably going to sell to a primary buyer, not to an investor. You're probably not going to be able to refinance out of it to hold it as an investment property. So it can be tougher to scale these things if you want to build your own portfolio that way.

Starting point is 00:23:45 But they do make good flips because the person buying it can often use conventional financing when it's a primary residence. The age of the home will come under scrutiny. So anything built before 1990 can be tricky unless they modify the structure. And then there's also something about whether it's been moved. Can you talk about if the home has been moved and how that affects the ability to finance it? Absolutely. So I have not flipped one that has been moved in the past, luckily, but from what my lenders have told me, if a manufactured home was ever set up on a site somewhere and then moved to its new site,

Starting point is 00:24:20 it can only qualify, out of all those financing options, the only one it can qualify for that end buyer is a VA loan. And if it's been moved twice or more, then it will not qualify for VA either. And so my assumption on this is because once you move it a couple of times, there is some structural integrity that may not be fully 100% intact, and so a bank doesn't want to take the risk on financing it? I don't know for sure, but that would be my assumption too, and that's also why once those properties get to be older than around 1990, they might also look with a little bit more scrutiny on that. And I've even heard of some lenders wanting proof that that property has never been moved. And in 99% of cases, there's not going to be any way for

Starting point is 00:25:08 you to prove that because whoever originally bought it isn't going to have all those records from that long ago. All right. So you started out flipping these homes, got to know the asset class at a pretty high level here. How did Bigger Pockets play into this journey? When did you find it and how did you use Bigger Pockets to help? Ah, yes, I love this question. Now, Bigger Pockets has literally changed my life because I was under contract to buy that first house as a rental that we talked about that was a bad deal whenever I went to a friend's wedding and met somebody that flips houses. And I thought that was really cool. And he recommended that I start listening to the Bigger Pockets podcast.

Starting point is 00:25:48 And so I did. And I started, I don't know, somewhere around episode 350 or so. And I just got addicted. I just started listening to every episode all the way down. and it was because of the Bigger Pockets podcast that I learned of specifically about private lending and hard money lending. And being in finance, the light clicked in my head that, oh, wait, that this is possible. If you find a good enough deal, people will give you all of the money for it. But yet I also, like, I believed it because I could understand, you know, it's collateralized, you know, by a property that's worth more than that.

Starting point is 00:26:25 and so the very next month you know i bought that first bad deal in october of 2019 the very next month in november was whenever i bought my very first flip which was the double wide using a hard money loan all because of what bigger pockets taught me i mean nearly everything that i learned came from came from these podcast episodes if there was if if it wasn't directly expressed in discussion certain terms that i didn't know i would pick it up and then i'd go to to Google and type it in and find out, well, they just mentioned this word or this acronym. What does that learn? And then I'd go further down the rabbit trails and in the forums. And it just, I just love every second of it. I think we can all agree. There's nothing like bigger pockets out

Starting point is 00:27:09 there. There's no company. There's no website. There's no podcast. I love how it became a framework for you that you would listen to it. And if you heard a term, you didn't know, you'd go Google it. That's one of the ways that I learned Spanish. I think I was telling Rob about this in Cabo, that I would listen to music and try to translate the American song into Spanish. And when I hit a word that I didn't know how to translate, I would go Google it. Finding little tricks like that can make learning things a lot easier than when you're just like wandering around in an ocean of stuff you don't understand and don't know where to go. So good on you, dude.

Starting point is 00:27:40 I love hearing this story. So after three of these flips, you then scale into multifamily and you started right off with an apelex. So in this section, Jason, Rob and I will take turns. asking you questions to get to know this deal. Question number one, we know it was an Aplex, but when did you buy it? I bought that in August of 2021, so just over two years ago. Awesome. And can you recap for us how you found it? Yeah, yeah. I looked on my county GIS website for the little yellow skyscraper icons and built out a list of multifamily owners in my area, sent out about 40 handwritten letters and got three phone calls from it and one deal out of it,

Starting point is 00:28:33 which was the one we're talking about. How tired was your hand? Very. I ended up going a different route afterwards where I wrote out a handwritten letter on a just a printer sheet of paper with no lines on it, but I left like the name in the address blank. And then I just photocopied that letter and then used that same pen to write in the people's names and addresses. so it looked like a legitimate full handwritten letter from me, but with a lot less work. All right. And how much did you buy it for? I bought that for $450,000. And how did you negotiate it?

Starting point is 00:29:06 When the seller first called me, I tried to get him to give me a price and he would not. So I went back and looked at my numbers and determined what I thought it was worth at where the current rents were. and it was a little bit arbitrary. I wasn't looking for a specific cash on cash return, and it was also a little bit more about what the pro forma would be, the potential of the property as well. And so I just, based off of that, came back to him with a number at 435,

Starting point is 00:29:38 and his response actually was, wow, sounds like you know what you're talking about. And he said, wow, sounds like you did your homework. And I was like, wait, really? Like, you think that's a good offer? And so then he goes and talks to his wife and his daughter and comes back and he asks if I could come up to 450. And of course, I'm just like, yeah, take my money. Because I knew even at that time that property was worth at least 900,000.

Starting point is 00:30:03 All right. And how did you fund it? I funded that deal in two ways. So the majority of that deal came from a commercial loan from my local credit union. So I had to put 20% down. and the down payment actually came from a single wide trailer that was on land that I had bought about seven months prior. I bought it from a wholesaler for $15,000, the trailer on the land.

Starting point is 00:30:32 I have no idea how the wholesaler got it that cheap, but it didn't need any work. And then I intended to keep that as a rental, and I did for a few months. And then when I came across this deal on the eight unit, I asked the same. seller if he would be willing to allow me to schedule the closing for three months out to give me enough time to sell this trailer in 1031 exchange into this property. And he said, yeah, I understand what you're trying to do. That's fine. And I reassured him that I had another way to close if the 1031 fell through just to make sure he was cool with it. So I ended up selling the trailer about seven months or so after I bought it for $98,000.

Starting point is 00:31:16 and I 1031 exchange the net proceeds in the exchange ended up being pretty much the exact you know 90,000 or so that I needed for my down payment on that property oh and actually it gets even better that $15,000 I borrowed from somebody else. So you used OPM other people's money yep I didn't even know you could 1031 trailer so honestly this is all very very cool to hear that you figured out something really cool so what did you end up doing with it? I've kept it and I did think that I would do a cash out refi at some point, but then rates, you know, started skyrocketing. So I have not pulled any cash out yet. So I think I owe around 340, 345. And at the time that I bought it, the average rents were about 675. Market rents were about 8.50. Well, now market rents are like

Starting point is 00:32:08 1,200 because of the rapid rent growth that we've seen over here. So the property that was that I bought for $4.50 is probably now worth around $1.2, and it's cash flowing somewhere around $4,000 a month. So a $15,000 loan from somebody else turned into nearly a million in equity and $4,000 a month in cash flow. It's incredible. That's crazy, man. I mean, congratulations. What a rock star story. I'm so happy to hear. Like, really, I'm just totally, I'm tickled, if you will. You've tickled me, Jason. I don't know how I feel about that. If there are people listening who are thinking, man, I wish I could look into a deal like that. What would you recommend listeners should be doing if they want to make the same kind of deal happen? Look for them.

Starting point is 00:32:53 Simple as that. You know, I like, there's a, there's a quote. I forget who it's from. That's something to the extent of opportunities of a lifetime show up about twice a year if you're looking for them. And that's very much so been the case for me. I mean, you would say that trailer deal that I bought was a once in a lifetime deal or a unicorn. And then you would say this eight unit would be and you would say the same about many others that I've purchased and so I would just say just get out there do the work look for the deals and ask ask for what you want if I wouldn't have asked that seller for the three months to be able to 1031 into that then I would have never known that it was an option he would have just assumed we were going to close sooner you know the other

Starting point is 00:33:37 aspect is no stay educated on the available types of financing out there for different products, whether it's a commercial loan like I got on that eight unit or seller financing that I got on a 16 unit or private money that I got on a 15 unit that I'll refi out of. Having all of these tools in your toll belt will help you to take advantage of more of these opportunities as they come across. All right. So you started with $15,000. You turned that into an eight unit building that now cash flows for.

Starting point is 00:34:15 $4,000 a month. Have you ever considered going to a swap meet? You could probably just walk in with a safety pin and leave with title to the entire thing. You've got a talent, my friend. You do. So now we also should highlight here. This is not just pure ROI. There was some work that went into turning the property around, executing on a plan.

Starting point is 00:34:35 You did something better than what the previous owner was doing with the property. And that is why people need to be listening to podcasts like this one. Finding the deal is part of it, but then actually turning the property around to get it to perform well, does take some skill. So let's not forget that while part of the deal is running the numbers, another part of it is actually executing on it. And that's what I love about your stories. You started off not knowing how to execute on this deal. You learned how to execute. Now you're applying your execution skills to bigger deals and you're crushing it. So Jason, thank you for coming on to talk about your story. To recap your portfolio for anyone wondering,

Starting point is 00:35:09 you now have 23 units across two properties, plus part ownership on two other properties for 44 doors all together with weighted ownership. You didn't say this, but I'm guessing that the people in those other properties wanted you as a consultant on that deal because you clearly have done your homework like that first seller said, you're making $120,000 in cash flow a year. You've replaced your six-figure salary with real estate income. Tell me what life looks like for you now. Oh, today it's so much more fun. Instead of having to wake up at a certain time every morning and be at a desk and deal with, you know, particular clients or bosses, I get to wake up when I want to. And when I wake up, it's something new every day. I wake up and say, okay, what do I want to

Starting point is 00:35:54 get done today? Which properties do I want to go check on today? And it's something new every day. It excites me. And, you know, on the financial side, too, you know, for the first several years of doing this, we made an effort not to cannibalize any of our real estate earnings early. We reinvested everything back into the business into the rental portfolio because my business model from day one was flip single family to buy and hold multifamily. And now we're finally at a point that we're starting to take advantage of some of the fruits of our labor that we've been blessed with and we're able to, you know, buy back some of our time by doing things like hiring a landscaper to cut the grass or in a house cleaner to come clean the house. And, you know, the wife and I don't

Starting point is 00:36:45 have, you know, disagreements about money anymore because we're more relaxed around the subject and so rewarding. As much as I love real estate, the joy of giving is even that much greater. Well, thank you for that, Jason. Appreciate that, man. And thank you for giving back to us and all of our listeners by sharing your story and what you did to get there. I hope this leads to many more people ending up with a similar result to yours. If you want to connect with Jason on Bigger Pockets, Instagram, or LinkedIn, you can find his username and info in the show notes for this episode.

Starting point is 00:37:17 You can also find Rob and I's contact information there as well. You should also consider checking out a seeing green episode that I did with Christina Smallhorn that gives more context on manufactured homes. That's episode 771. They aired in May of 2023, which is right around the same. time ironically that Jason left his full-time job. We've got episodes coming up on this feed. Next week, we will have Dave Meyer and James Dainard breaking down the state of real estate investing, including strategies that are working and what to watch out for. You don't want to miss

Starting point is 00:37:47 this one, so make sure you check out next week's episode. Jason, anything you want to say before we let you get out of here? No, just thank you guys again. It's been such a blast and a full circle moment for me. I've had a great time. Awesome, man. Well, you know, the cool thing is you've inspired us and you've inspired so many people that will be listening to this episode for the first time. So it truly is full circle. Thank you, Jason. This is David Green for Rob Tickle Me Elmo Abas Solo. Signed in.

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BiggerPockets Real Estate Podcast - 851: Turning $15K into $4K/Month by Investing in This Overlooked Asset Class w/Jason Velie

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