BiggerPockets Real Estate Podcast

BiggerPockets Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm

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Is it possible to invest in real estate when you don’t have decades of life-experiences? That’s the topic we dive into today on the BiggerPockets Podcast with special guest Jered Sturm. Jered, who is in his mid-twenties, is an incredibly successful buy-and-hold investor as well as a house flipper and contractor. Jared's unique strategy appeals to anyone who is looking to build a large portfolio in a short time. Today's show is all about hustle, and doing what it takes to succeed! Whether you are 25 or 75, this interview is bound to inspire you to take massive action to find the success you desire. Stay tuned!

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In This Episode We Cover:

BiggerPockets-Podcast-Cover 300 300

  • How Jered bought his first property right out of high school
  • Details on Jered’s journey to 20+ units
  • How Jered has financed his deals
  • The ins and outs of the flips he’s completed
  • The importance of networking to finding properties
  • How Jered and his team find deals
  • The common trait that makes some landlords terrible
  • The advantages and disadvantages of investing in real estate at a young age
  • The power of exponential growth
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “If we can do it for others, why not do it for ourselves?” (Tweet This!)
  • “If you wait longer in life, you’re going to have all the responsibilities that usually come later in life.” (Tweet This!)
  • “People can find the confidence in you if you just carry yourself the right way.” (Tweet This!)
  • “There’s gonna be times in life where I’ll know I want free time more than I do now.” (Tweet This!)
  • “No company cares about the property as much as an owner.” (Tweet This!)
  • “Be someone that people will lend money to.” (Tweet This!)

Connect with Jered

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned.

    Engelo Rumora Specialist from Toledo, OH
    Replied over 4 years ago
    Awesome stuff mate, Well done 😉
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Engelo! Glad you liked it.
    Sohrab Khosravi Lender from Houston, Texas
    Replied over 4 years ago
    Very good, Thank you
    Vincent Crane Realtor from Atlanta, GA
    Replied over 4 years ago
    It’s great seeing the transition from house hacking to creating a buy and hold portfolio and how it just takes a couple of years to really build something substantial.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Vincent. Yes by no means did it feel fast haha.
    Will F. Investor from Los Angeles County, California
    Replied over 4 years ago
    thanks for the podcast. Great stuff!
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Will. I am glad you enjoyed it!
    Sam B. from Houston, Texas
    Replied over 4 years ago
    This was the best podcast in a long time. A straight shooter and no bullshit kind of guy, Jered clearly and simply lays out the keys to success: long hours, hard work and SACRIFICE. A must listen… Great work Jered…Josh & Brandon, great interview.
    Zlatan Omeragic from Pittsburgh, Pennsylvania
    Replied over 4 years ago
    Very insightful podcast. You’re a good dude Jared! Best of luck and much success in Atlanta.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Zlatan, Thank you We are excited for the up coming transition next year!
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Sam, Thank you very much!
    Walter W. Investor from Seattle, Washington
    Replied over 4 years ago
    Awesome, Jared. Congrats on all your success! Good luck in Atlanta.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thank you Walter!
    Christy Barton Wholesaler from Indianapolis, Indiana
    Replied over 4 years ago
    Hi Jered – I finally got a chance to listen to this podcast and like others have mentioned, you did a great job! You seem to be very wise for your age, and I wish I would have sacrificed more in my younger days. Thank you for the inspiration to keep sacrificing now, while I still have the energy and motivation to do so. After all, I’m going to be the big 4-0 soon so I need to get my stuff together, man! haha By the way, what was the sound I kept hearing in the background while you were talking? It sounded like a slinky, or a band of bracelets? I couldn’t figure it out… then again, maybe I should have been paying closer attention to the discussion instead of background noise. 🙂
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Christy! I can tell you have a strong passion for real estate and passion will create energy at 25, 40, or 80. Im not sure what sound you heard. Probably Josh playing with his slinky, or brandon trying on his bracelet collection. Haha just kidding, but seriously I didn’t hear it when I listened so I’m not sure.
    Cameron Berens Real Estate Agent from Florence, KY
    Replied over 4 years ago
    Great podcast! I’m located right across the river in Florence, KY. Awesome to hear a young person in the Tri-State Area having such great success. Really felt like I could relate to your story being fairly young in the rental business (I’m 24 years old), having to live below my means and put in a lot of man hours to get started as well. Only a fraction of the properties as you and only one year in the game so far but I hope in the next few years I will have a similar success story like yours. Thanks again for the podcast, very motivating.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Cameron I’m sure you will surpass me soon enough. I have seen you around the site on the forums and you seem to be doing great things. Best of luck with your investing. If we can help in anyway feel free to reach out!
    Allan Smith Rental Property Investor from Nashville, TN
    Replied over 4 years ago
    Hey, good stuff on this one, Jered. In the first half of the podcast, you mentioned the “auditors site” as a way to get landlord phone numbers. Could you elaborate on this? I googled it a bit and was unsuccessful. And if you know of a way to get phone numbers for vacant properties, that’s a game-changer, too!
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Allan. The auditors site will be different in every county. Some counties may not even have one. I see you’re from Nashville so I would assume you live in a highly populated county and would most likely have a good auditors web site. In hamilton county where we invest you can look up an address on the auditors site (http://www.hamiltoncountyauditor.org/realestateii/ROVER30.ASP) And if the landlord had followed the law they should have registered the property as a rental. When doing this they have to provide a phone number. The phone number is then listed in a tab title registered rental. I would just do your best to explore your counties auditors website or just call them and ask specifically what you want. I hope this helps!
    Lee Richter Rental Property Investor from Midland, TX
    Replied over 4 years ago
    Hi Jered, I just list to your show. I am dyslexic also. I never knew it until I was about 40. I listen to audible books also. If the book is a great one I get a hard copy. You might enjoy listening to “The Dyslexic Advantage”. I really enjoyed it and explained a lot of what I had known about myself. I hope you enjoy it also.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Thanks Lee I will be sure to check that out! Thanks for letting me know.
    Stephanie Dobbs Real Estate Broker from Bowie, Maryland
    Replied over 4 years ago
    Hi Jered! You did a great job on this podcast and the information you gave as far as getting started is very encouraging. I’m working to complete wholesale deals, and become a real estate agent to build capital, but can you expound on what you included in your booklet so I can work to obtain a portfolio loan? Also was your credit a contingency, or did they solely depend on the real estate asset?
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied over 4 years ago
    Stephanie thanks for leaving a comment! Our booklet included: Our business plan A list of all our team members and why they were of value to our operation. This does not have to be your employees or people who work solely with you. This could be your CPA, attorney, Handyman, Mentor, Advisor, wealth coach, Agent, Contractor, Cleaning lady… you get the point. what you are trying to accomplish is show the lender that you have someone to help you handle the many challenges that come with real estate investment. Showing that you are aware enough of these challenges is helpful. having a team in place is better. Financial Data. This could be rent rolls, P&Ls , income statements, What ever you feel comfortable sharing to strengthen your argument on why your a safe bet. Pictures of previous deals before and afters. We include basic Data on these sheets as well like purchase price, rehab, current rent, and after repair value. 2 years business tax returns, bank statements. Anyone personally guaranteeing the loans 2 years tax returns and bank statements. or any additional assets (example: stocks) you may have. To answer your other question. My personal and my companies credit was a factor in the lending decision. They lend 70% LTV so the asset does matter but they are looking hard at the person personally guaranteeing the note. I hope this helps you! Jered
    Sunny Suh Real Estate Investor from Jersey City, NJ
    Replied over 4 years ago
    Jered, this was an awesome session, best of luck in Atlanta. Just an FYI, many great people are dyslexic, consider yourself among these greats and I hope to hear more from you, possibly even meet one day because dyslexic or not, you sound like an awesome person: Chares Schwab, Guy who created IKEA, Richard Branson who created Virgin, Top lawyer for Microsoft, and many other CEOs. It’s stated in Malcolm Gladwells book David and Goliath
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied almost 4 years ago
    Thanks Sunny. Sorry I am just now seeing your comment. My notifications must have been erased when all the podcasts were tempoarly lost.
    Stephanie Garcia from Sacramento, California
    Replied about 4 years ago
    I REALLY LOVE THIS PODCAST. ESPECIALLY THE PART ABOUT BEING A PERSON SOMEONE WOULD WANT TO LOAN MONEY TOO. I FEEL LIKE I HAVE ALWAYS LIVED BY THAT.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied almost 4 years ago
    Thank you Stephanie. It’s a great way to love for sure!
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied almost 4 years ago
    Live*
    William Gillette Investor from Spokane, Washington
    Replied almost 4 years ago
    Awesome podcast guys, it’s good to see that managing your own properties and doing some of the work himself can really help out in the end
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied almost 4 years ago
    Thanks William, it has helped trmendiously setting that foundation has lead to exponential growth following the pod cast.
    Kevin Koone from Cabot, Arkansas
    Replied almost 4 years ago
    Obviously I’m way behind, but I enjoyed this one very much.
    Jered Sturm Investor/Syndicator from Cincinnati, Ohio
    Replied almost 4 years ago
    Thanks Kevin, glad you enjoyed it!
    Jamel Terry from Pittsburgh, Pennsylvania
    Replied over 3 years ago
    Hey BP! I just listened to podcast 124 with Jered Sturn talking about how he started out young and how he didn’t let that get in his way. It was thoughtful when they asked him to break it down for the ones that’s really new to RE with no experience at all like myself. I found that very helpful being young and new to the business. There was some good advice in this podcast, good job guys.
    Brandon Bozarth from Las Vegas, Nevada
    Replied over 3 years ago
    Jered, you have an awesome story and very inspiring! My background is similar to your, in that I am a carpenter and have done construction in the Air Force for the past 12 years. I am getting out in a month and am considering getting my GC License. Thinking about doing work for RE investors to start and then doing some flips of my own. Would you recommend me getting a contractors license? Did you have yours when you were working for RE investors?
    Tony Wooldridge Rental Property Investor from Walla Walla, WA
    Replied almost 3 years ago
    Josh, @ Joshua Dorkin are you kidding me! You haven’t seen It’s a Wonderful Life(?) That is like sack religious! It is a wonderful movie. I know that this Podcast was from a while ago, but if you haven’t seen it by now Josh you should really check it out, it truly is a classic and not to mention it is a Christmas themed movie perfect for this time of year! Ok rant over. Jered, thanks for taking the time to tell us your story, truly inspiring. Thanks again. Josh watch the movie! Respectfully, Tony Wooldridge