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

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 CoverUsing the skills from your job and translating them to make real estate riches Building a business and the most important step most flippers/wholesalers skipFunding your flips and why paying taxes might be a good thing when it comes to financingHow to find employees that will grow with your business, even if you feel like you “can’t” hire just yetPrivate money lenders and using them to scale your business even bigger And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastInvest in David and Rob’s Next PropertyDavid’s YouTube ChannelGrab Your Tickets for BPCon 2022BiggerPockets Money PodcastReal Estate Rookie PodcastAirbnbHow to Flip a House & Make a ProfitHow to Build a Highly Effective Real Estate TeamHow I Find Private Money Lenders to 100% Fund My DealsBooks Mentioned in the Show:The Go-Giver by Bob BUrgThink and Grow Rich by Napoleon HillConnect with David:David’s InstagramDavid’s BiggerPockets ProfileConnect with Rob:Rob's YoutubeRob's InstagramRob's TikTokRob's TwitterRob's BiggerPockets ProfileConnect with Jason:Jason's InstagramJason's FacebookClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-611

Episode 611 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "611: Using a "Miserable" Job to Fuel a Fast-Growing Flipping Portfolio w/Jason Pritchard" was published on May 19, 2022 and runs 59 minutes.

May 19, 2022 ·59m · BiggerPockets Real Estate Podcast

Summary

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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description