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245 - Past Project with Jason Seward

245 - Past Project with Jason Seward

Season 5 Episode 245 Published 1 year, 4 months ago
Description

Secrets of Successful Flipping: Past Project with Jason Seward

In this episode of the Real Estate Investor Growth Network podcast, host Jen Josey interviews seasoned real estate investor and entrepreneur Jason Seward. They delve into one of Jason's challenging early projects involving unforeseen issues with a septic system and unpermitted additions. Jason shares invaluable lessons learned, the importance of accountability groups, and offers insight into how these experiences have shaped his business practices today. The episode also highlights the key role of ethical practices and thorough due diligence in ensuring long-term success in real estate investing. 

00:00 Introduction to REIGN Podcast
00:59 Badassery Bestowment: Power of Accountability Groups
03:21 Guest Introduction: Jason Seward
04:54 Jason's Real Estate Journey
06:50 The Story Behind 608B Capital Funding
13:06 Jason's First Flip: Property Description
19:52 Surprises and Challenges: The Septic System
26:04 The Crawl Space Nightmare
30:23 Discovering the Major Issue
30:57 The Costly Repairs Begin
32:23 Navigating Permits and Red Flags
33:59 Lessons from a Past Project
36:18 Ethics and Transparency in Flipping
39:42 Final Numbers and Profit
43:11 Lessons Learned and Future Precautions
46:06 What Makes Jason Seward a Badass
47:51 Advice and Personal Growth
56:22 Defining Success and Final Thoughts

Jason Seward is a lifelong resident of Southeast Virginia where he lives with his wife, Kati and their 2 kids, Emma & JJ. He is a recovering W2 employee. During his 17 years in Insurance Sales and Sales Management, he built up a solid portfolio of single family and small multifamily rental properties. That portfolio, along with a few strong mentors, ultimately gave him the confidence to walk away from the W2 world in 2022. He also is a Limited Partner in several commercial syndications. In July 2023, he and his partners launched 608B Capital Funding, a Real Estate Debt Fund specializing in short term/hard money lending. They raise capital from accredited investors, paying them 8-12% and pool investor capital to make loans. They have raised

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