The Multifamily Wealth Podcast
Axel Ragnarsson speaks with successful real estate investors and dissects how they started, built, and scaled their businesses. In each episode, listeners can expect tactical and actionable information that will help grow their business and real estate portfolio.
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.
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
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