EP 111: From Flipping Houses to Managing $250 Million in Multifamily Assets with Jason Yarusi
In this episode, we talk to Jason Yarusi of Yarusi Holdings about his impressive journey in real estate investing. Jason discusses how his background in managing bars and restaurants led him to owning a construction business and eventually scaling to $245M AUM in large multifamily properties. We explore the importance of having a strong team, understanding specific market dynamics, and addressing investor concerns to overcome real estate investment fears.
Jason shares his legal process of syndication, success stories, and strategies for combining properties for economies of scale. We also get insights into loan assumptions, the benefits of looking at historical data, and Jason's current projects. Tune in as we explore more about Jason's fascinating journey, his investment strategy, and how you can invest in Yarusi Holdings through their website and investor calls.
💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Jason's background and experience in managing money and working with investors in real estate.
The importance of having a strong team and the various roles and partners involved in real estate projects.
The current state of the real estate market and the fear among investors.
Jason's journey from managing bars and restaurants to owning a construction business and eventually getting involved in real estate investing.
The explosion of Jason's construction business after Hurricane Sandy hit the East Coast.
Jason's transition from flipping and wholesaling homes to investing in large multifamily properties.
The management company Jason has in Nashville and Murfreesboro with close to 4000 units.
The legal process of syndication and the 506 offering exemption.
Jason's real estate projects, including the success of a 94-unit property and the benefits of combining properties for economies of scale.
The current state of loan assumptions in the real estate market and their viability due to lower interest rates.
The importance of looking at historical data and understanding specific market dynamics in real estate investing.
Addressing investor concerns and providing regular updates and availability for questions or fears.
The importance of being specific about what you want in real estate investing.
Contact information and how to invest in Jason's company through their website and investor calls.
Tweetables:
“As you grow, you need to have the trust but verify solution of having people on your team that can help fulfill those roles, whether it's internally here at Yarusi Holdings or with other partners we bring on.” –Jason Yarusi
“I want to make sure that I had the game plan. If plan’s not right, it's like you can't just put the plan and keep doing the plan if the plan is not right.” –Jason Yarusi
“Certainty is better at this time than to have the open exposure of not knowing where you can go. And it also gives me the ability to look into the future and say, okay, what can we do, right? What can we do in the future? I have to take into account today that as we go forward, I can continue to forecast how the project is doing.” –Jason Yarusi
Resources
About Jason Yarusi
Jason is a Private fund manager of over $245 million of Multifamily real estate. Since 2017 his company Yarusi Holdings has amassed over 2300 units of apartments. He is an avid ultra runner and workout enthusiast. Hosts The Multifamily Live Podcast and runs 7 Figure Multifamily Mastermind. Wakes up daily at 4:32 a.m. And most importantly a father to three amazing kids and a husband.
Jason is an active Real Estate Syndicator and Real Estate Investor. Jason and his wife Pili founded Yarusi Holdings, a multifamily investment firm with over 2300 units acquired since 2017. 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 Multifamily Investing and trains others on the success formula for buying apartment buildings at www.7figuremultifamily.com
Beyond real estate, Jason spends his time with his wife Pili, and 3 young kiddos Luke, Lily, and Leo who now live in Tennessee.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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