Aug 22, 2022
Welcome back! Small Axe Community! Today we have Jason Stubblefield!
Jason has been investing in real estate for over 10 years. He started with single-family homes and has since moved into the multifamily real estate space. He scaled his portfolio to over 1000 multifamily units in just a few years. Jason grew up in a lower-class family and was always mindful of the tenants that he served. That concern led him to transition his company into the affordable housing space. His company is now devoted to helping solve the affordable housing crisis while maintaining strong returns for his company and its investors.
Prior to becoming a full-time multifamily entrepreneur, Jason spent over 11 years of experience in software development and has a Bachelor of Science degree in Computer Science from the University of Memphis. He is also a United States Marine Corps veteran.
Join us today as we learn how Jason and his team built S&S Capital Partners which specializes and improving multifamily properties and their focus on acquiring income-producing properties.
[00:00 - 07:56] Opening Segment
[07:56 - 16:36] How to make your affordable housing project more successful
[16:36 - 23:52] How to Make an Investment in Multifamily Property without Sacrificing Yield
[25:19 - 28:40] Closing Segment
Connect with Jason by visiting their website at www.snscapitalpartners.com
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“Affordable housing is like this umbrella under which a lot of different programs fall underneath.
So if you're making 80% of what area median income, then how much are you paying for rent? And if you can get rent at 30% of your salary, then that was what we technically call affordable. Right? So just no more than 30%. What happens though is cause you got market dynamics, supply-demand, whatever people are paying 35 or 45 or even 55% of their income just on rent.
So making it affordable is trying to fall underneath that 30% threshold.” - Jason Stubblefield
“There are people who have different sets of problems. The problem is not money anymore. It's problems like how can I save and not give as much of that money to taxes, or now there's even non-profits or funds that have quotas that they have just gathered so many dollars from pensioning funds or whatever, and they need a place to put all that money, like billions of dollars. So it's interesting to think about that. You know, you find what you're looking for. So once you start searching you start finding those answers.” - Jason Stubblefield