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/
