REI105: HOUSE HACKING & DISCIPLINE ARE THE WAY

W/ JASON PETERSON

17 January 2022

In this week’s episode, Robert Leonard (@therobertleonard) talks with Jason Peterson (@feedofffear) about how to start investing with nothing, why real estate has a low barrier to entry, what house hacking is and why it’s one of the most power real estate strategies, how to leverage lines of credit and the equity in your properties to scale, what seller credits are and how to use them, and much, much more!

Jason Peterson is a real estate investor from Milwaukee, Wisconsin, who served what he calls a “well-deserved 8-year sentence in prison.” He used an FHA loan upon his release from prison to start his portfolio, which he quickly scaled to five rental properties total.

SUBSCRIBE

IN THIS EPISODE, YOU’LL LEARN:

  • How tragedy can actually be the start of something great.
  • How you can start investing with nothing.
  • Why real estate actually has a low barrier to entry.
  • What house hacking is.
  • Why house hacking is such a power strategy.
  • How to leverage lines of credit and the equity in your property to scale.
  • What seller credits are and how to use them.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Jason Peterson (00:02):

Four years ago, I was sharing a room with another inmate who knows what he was in for and now I am talking about having passive income pay for our dream house. It’s amazing. It’s just amazing, the power of real estate.

Robert Leonard (00:24):

In this week’s episode, I talk with Jason Peterson about how to start investing with nothing, why real estate has a low barrier to entry, what house hacking is and why it’s one of the most powerful real estate strategies, how to leverage the lines of credit and the equity in your properties to scale, what seller credits are and how to use them, and much, much more. Jason Peterson is a real estate investor from Milwaukee, Wisconsin who served what he calls a well deserved, eight year sentence in prison.

Robert Leonard (00:53):

He used an FHA loan upon his release from prison to start his portfolio, which he has quickly scaled to five rental properties total today. Many, many people don’t get started in real estate because of nearly an infinite number of excuses or limiting beliefs that they hold. But in today’s episode, Jason shows you that you can build a successful portfolio, even starting with some of the toughest circumstances that there are. Jason clearly has the drive and mindset to achieve his goals, but anyone can develop those things. You just have to put in the work. As Nike says, you have to just do it.

Robert Leonard (01:31):

Someone actually just said to me recently, there’s nothing to it, but to do it. And I absolutely love that. I’ve probably said that a million times in just a month since I’ve heard it. There’s nothing to it, but to do it. I hope you guys all learn a thing or two or more from this episode, but most importantly, get motivated to take action and change your life. We’re laying out the blueprint for you. You just have to follow it. Now, without further delay, let’s get right into this week’s episode with Jason Peterson.

Intro (02:07):

You’re listening to real estate investing by The Investor’s Podcast Network, where your host Robert Leonard, interviews successful investors from various real estate investing niches to help educate you on your real estate investing journey.

Robert Leonard (02:29):

Hey everyone. Welcome back to the Real Estate 101 podcast. As always, I’m your host Robert Leonard and with me today I have Jason Peterson. Jason, welcome to the show.

Jason Peterson (02:39):

Thank you. Thank you. I’m very glad to be here.

Robert Leonard (02:43):

Your story and your background plays a big role in who you are today, even more so for you than some other guests that we’ve had on the show. So tell us a bit about your story and yourself?

Jason Peterson (02:56):

Yeah. I’m Jason Peterson. I’m from Milwaukee, Wisconsin. I have a pretty unconventional background regarding my start in real estate. I grew up in a single mother home. We struggled for money. It was very for her to make ends meet. So I got used to living on bare minimum and watching her clip coupons. But as most young boys do when there’s not much of strong figure in the household, I got into some trouble. I tried to correct my path and I joined the Marine Corps. However, I didn’t completely clean up my behavior and I came home on a 96 hour leave and got into some more serious trouble, which sent me to prison for eight years.

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