611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio w/Jason Pritchard

BiggerPockets Real Estate Podcast

House flipping is a very potent form of investing. After just one fix and flip, many investors find themselves hooked, leaving their stable jobs for the profit (and rush) or finishing another flip. This happened quickly to Jason Pritchard, flipper and rental property investor in central California. Jason was working at a sales job he hated and after watching one of the many famous HGTV flipping shows, thought, “Hey, I could do that!”

He gave it a try, using his life savings and retirement funds available to him. It was a success, so he decided to scale up. One flip grew to a few, and now, Jason's team does over seventy-five flips and wholesale deals per year! This incredible volume didn’t happen overnight—it took Jason seven years to go from W2 worker to one of the best flippers in the state! And it’s not just flipping Jason is after. He’s been able to grow a massive rental property portfolio, some eighty-three units, at the same time!

You’re probably wondering how Jason did this so fast. Worry not, as he details every step from how he finds leads, builds a team, pays the taxman, and even compensates employees. If you’re trying to get your foot into the flipping door, Jason’s story should inspire you to do almost exactly what he did.

In This Episode We Cover

Using the skills from your job and translating them to make real estate riches

Building a business and the most important step most flippers/wholesalers skip

Funding your flips and why paying taxes might be a good thing when it comes to financing

How to find employees that will grow with your business, even if you feel like you “can’t” hire just yet

Private money lenders and using them to scale your business even bigger

And So Much More!

Links from the Show

BiggerPockets Youtube Channel

BiggerPockets Forums

BiggerPockets Pro Membership

BiggerPockets Bookstore

BiggerPockets Bootcamps

BiggerPockets Podcast

Invest in David and Rob’s Next Property

David’s YouTube Channel

Grab Your Tickets for BPCon 2022

BiggerPockets Money Podcast

Real Estate Rookie Podcast

Airbnb

How to Flip a House & Make a Profit

How to Build a Highly Effective Real Estate Team

How I Find Private Money Lenders to 100% Fund My Deals

Books Mentioned in the Show:

The Go-Giver by Bob BUrg

Think and Grow Rich by Napoleon Hill

Connect with David:

David’s Instagram

David’s BiggerPockets Profile

Connect with Rob:

Rob's Youtube

Rob's Instagram

Rob's TikTok

Rob's Twitter

Rob's BiggerPockets Profile

Connect with Jason:

Jason's Instagram

Jason's Facebook

Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

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