Could ONE multifamily rental property change your life? Just five years ago, Jaryn Pierson was sleeping on his grandma’s couch, working a minimum-wage job, and getting sober. But when the right deal came along, it altered his financial future!
Welcome back to the Real Estate Rookie podcast! Jaryn discovered real estate during the lowest point of his life. When friends and family warned him not to invest, he bought a duplex in his hometown. Today, that property nets $30,000 in cash flow each year! Since then, he has only added to his portfolio—buying an eight-unit apartment building through a RARE seller financing opportunity and launching his own property management company. His old minimum-wage job? He’s still got it, only he has been promoted to general manager of multiple locations!
In this episode, Jaryn shares some of the biggest lessons he has learned during his real estate journey—from becoming a better Airbnb host to raising rents on long-term tenants. You’ll also learn how to find properties to manage, as well as why you should focus on stabilizing your portfolio rather than scaling it!
Ashley:
This is Real Estate Rookie, episode 359-er. My name is Ashley Kehr, and I’m here with my co-host, Tony J. Robinson.
Tony:
And welcome to the Real Estate Rookie podcast where every week, twice a week, we bring you the inspiration, motivation and stories you need to hear to kickstart your investing journey. And as always, we have a great story for you. Today, you’re going to hear from Jaryn and how he went from grandma’s couch, making 15 bucks an hour, to cash flowing over $30,000 in his first year investing in real estate.
Ashley:
We are going to understand the power of buying your first home and how it can unlock your investing journey. Jaryn, welcome to the show. Thank you so much for joining us today. Can you paint a picture for us and tell us a little bit about life before you bought your first property?
Jaryn:
Yes, I can. First thing I wanted to…