EP 75: From Flipping and Wholesaling to 1900 Multifamily Units Valued over $200 Million with Jason Yarusi
Today’s guest’s method is a result of how he went from flipping and wholesaling to million-worth multifamily properties. A mixture of luck, hard work and timing all go into getting out of a market crash to where the real estate market is now. Jason Yarusi and his wife, Pili Yarusi, excelled in real estate and multi-family investment by starting to go to their neighbourhood places.
Set yourselves up and listen as Jason explains his strategies for cutting expenses, finding the right property, and the intangible things investors don’t often consider but should start doing so! At this end, realise why people do their thing and to whom they are making time, so listen now!
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Jason shares how he and Pili, his wife, met.
How did Jason get into real estate and come upon multi-family?
Jason gets struck by the economic avenue that allows him to do more.
What is the goal Jason sets about not just buying a multi-family investment?
Jason shares his reasons for using syndication.
What action does Jason take for them to dissect property quickly?
Jason talks about the changes he makes in terms of managerial issues and asset management.
Jason shares the two ways to create other ways to cut expenses.
Why does Jason prefer commercial buildings?
Jason talks about the intangible things that people don’t consider.
Jason talks about how people trust him.
Tweetables:
“ If you do things in a certain pattern, it doesn't limit what you can do. It gives you more opportunities to do what you want. ” – Jason Yarusi
“They'll choose that they wanna stay and pay the increase or have more people come in, because it will be a better experience compared to the other building that may just be pushing or rinse up and haven't created a good place for them to live.” – Jason Yarusi
“You have to understand where your mind is at.” —Jason Yarusi
“You could be your own lead generation. You could be the due diligence.
” — Jason Yarusi
“The simplest thing in anything in life is that show and if you're gonna say, I'm gonna do this, do what you say.” — Jason Yarusi
Links Mentioned:
About Jason Yarusi
Jason is an active Real Estate Syndicator and Real Estate Investor. Jason with his wife Pili is the founding and managing members of Yarusi Holdings, a multifamily investment firm that has acquired over 1900 units valued at $180 Million since 2016. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding.
Jason also hosts The Multifamily Live Podcast a podcast that provides actionable content and tools to build and strengthen your multifamily business. Jason is the founder of the Multifamily Live Club with over 3,100 members that focuses on Real Estate Syndication and Multifamily Investing and trains others on the success formula for buying apartment buildings at www.7FigureMultifamily.com.
Jason has started and exited multiple businesses in the past 15 years. Beyond real estate Jason spends his time with his wife Pili and 3 young kiddos Luke Lily and Leo and is an avid crossfitter and now lives in Tennessee.
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