Building Real Estate Success: Passive Income & Community Growth with Jason Parker

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Show Summary

In this podcast, Jason Parker shares his journey in real estate investment, focusing on the Slow Flip method. He discusses his strategy of providing livable homes to tenant buyers, the challenges he faced, and the importance of building relationships within the community. Jason emphasizes the significance of education and support in the investment process, offering advice for aspiring investors.

Resources and Links from this show:

• • • Investor Fuel Real Estate Mastermind
    • Investor Machine Real Estate Lead Generation
    • Mike on Facebook
    • Mike on Instagram
    • Mike on LinkedIn
    • Jason Parker’s Email: [email protected]
    • Jason Parker’s Website

  Listen to the Audio Version of this Episode

  Investor Fuel Show Transcript:

  Jason Parker (00:00)
  it helps our community ultimately. mean, if they’re taking care of their homes and we have people living in these, you know, homes that, you know, might not be as desirable to other people, but they’re, you know, I’m putting people into them. I’m hoping that they make the investment into the home and then they’re brightening the community so that property values go up and it becomes a desirable place to live. you know, Saginaw is kind of on that cusp of that. I mean, we have a slow growth in Saginaw, but

  I think it’s significant enough that we will see ⁓ property values slowly increasing over the next five to 10 years for sure.

  Q Edmonds (02:09)
  Hello everyone. Welcome to the real estate pros podcast. am your host Q Edmonds and you know what I’m going to say. I’m excited to be here. I have another fantastic guest and you know, I really like when I get a chance to listen to people and listen to their perspective about what they do in real estate. And today, like I said, we have another fantastic guest. I love listening. He want to put people, his strategy is to put people in position to create passive income without too much work.

  You know, we want to work smarter, not harder. And so I love his strategy. He’s going to tell us more about his strategy and how to provide livable homes. And I’m truly, truly excited for you all to get to know Mr. Jason Parker. Mr. Jason, how you doing today,

  Jason Parker (02:55)
  doing fantastic and thank you for the wonderful introduction.

  Q Edmonds (02:58)
  No, absolutely.

  I thank you. I thank you for being here. I believe this is going to be again a great podcast and I just want to be honest with you. I kind of want to dive in Mr. Jason. I want you to tell the people what you what is your what are you mainly focused on these days? I would love to know if you want to provide us a little origin story and maybe about how you got started and then also what markets are operating in. So Mr. Jason, sir, you have the floor.

  Jason Parker (03:26)
  Sounds good. So I’ve dabbled in real estate on and off over the last 20 years. And my first experience was in the rental business. I mean, just because it was so prevalent and it was so easy to do, or at least that’s what people tell you that it is, it’s easy to do it. However, ⁓ I had bought a home and ended up having a garage apartment.

  made it into a rental. actually paid my mortgage, worked out brilliantly. I just needed to pay the taxes and insurance on my property, which was fantastic. And I love the whole rental process. However, I did slowly grow to learn that it was more than just collecting checks. You know, I had to do repairs. And then when I had to do those repairs, most of the time I had to call a professional out because it was something I couldn’t fix, whether it be a furnace or some plumbing issues.

  you know, just ate into, you know, my profits and everything else. But it was also that stress or that anxiety of what’s next. And so ⁓ after some time, I ended up getting out of the rental business ⁓ and recalibrating my W-2 job. So I focused on that for a while. But most recently, I jumped into a new investment strategy to where I buy single family homes ⁓ and I sell them on land contracts.

  And the reason I do that is because I want to be just the bank. I want to be able to provide finance to individuals who may not be able to seek out a bank loan.

  And I do it with a very tight strategy in the sense that I provide almost at the same level as what the rents are within my area. And so I make it easy for people to get into these homes and potentially purchase them. They’re not renting them forever.

  and not having anything at the end. They get to own a piece of property and live in there. And then also with my hope is that people take care of the properties a little bit better than what a rental may be because it’s their home. They paid for it or are paying for it, I should say. And so I just love the strategy where it’s a lot more hands off than the rental industry. And ⁓ I don’t have to do all those repairs and potentially when I turn them over, my hope is

  I don’t have to do those repairs because I can just lean on the next potential buyer to take care of any potential repairs unless it’s not a livable home. Now I make sure all my homes are livable.

  Q Edmonds (06:43)
  Yeah, absolutely love it again. You know, I’m excited about what you’re doing. I think you found a really sweet spot. And like you said, it’s working for you and it’s a little bit, you know, it’s a little different than what other people is doing. You found that sweet spot that has really helped you and that’s really helping people. And I love the strategy. I want to pick your brain about even more strategies that maybe you use, but I definitely want to talk about maybe

  if there’s some personal strategies, because listen, you say you’ve been doing this for 20 years, right? You’ve been dealing with realism for 20 years. Have you identified core personal strategies that help you along the way as you do your business? And when I say personal strategies, I know some people meditate in the morning. Some people go hiking. Like, are there personal strategies that you have that really center you as a businessman?

  Jason Parker (07:36)
  Yeah, I mean, definitely making sure that you’re taking that personal time to decompress and get away from both the industries I’m in. I’m both in healthcare and real estate and it’s essential to clear your mind and be able to think clearly. But I also try to take every opportunity I can to learn and I belong to some programs that also help with that to where it’s become a

  professional ⁓ insightful forum where I can go in and I’m working with the same people that use my same investment strategy and I can bounce ideas off of them and it’s been it’s been just awesome. Yeah.

  Q Edmonds (08:19)
  Yeah, yeah. Now I appreciate that. If people are not growing, you’re either stagnant or really going to fall behind. So I love the fact that you’re taking time, get away, time to clear your mind, time to give your mind a beat to be creative, to kind of refuel itself. And I think in this business journey, entrepreneur journey, real estate journey, that’s so important to be able to find a place where you can.

  clear your mind and I love the fact that you have on forums that you can go to that’s going to help you out. And I think I’m going come back to that and talk about relationships a little bit later because I think relationships are so important at what we do. But I do want to ask, you you’ve been building, like you said, you’ve been doing real estate for 20 years. Now I know you have just not the real estate, you had the health care business as well. As you was building your success, have you faced adversity? Has there been times when things got real, when things went sideways?

  times when you had to pivot fast? Are there times when you had to face adversity as you was building your success?

  Jason Parker (09:23)
  ⁓ yeah, there’s been adversity all my career, of course. mean, whether it be education and not qualifying for jobs or education and knowledge to pull off, say, this even this investment strategy. mean, I remember back in the day when I was in my early 20s and, know, I wanted to buy Carlton Sheets and buy houses with no money down or with no money. And, you know, I couldn’t get it figured out because ⁓ the finances.

  And finances were a big deal. And so I became a saver. And I mean, I started saving and saving and saving it through the adversity of saying, I want to have financial freedom and I must have it. And, you know, after about 15 years of saving, which I am not saying that that’s the best strategy to do is just save, save, save to start it. But it helped me buy my first five homes and what I do.

  And with that said, I mean, it paid off in my scenario.

  And I think it also allowed me to learn and grow as a human ⁓ through going through college and working my W-2 job to really help me be successful in the real estate position that I’m in now. Because first of all, not just, ⁓ of course it is the relationships, but besides those relationships, hospitality is important in this business. And I make sure that I try to set all my buyers up.

  Q Edmonds (11:20)
  some more.

  Jason Parker (11:27)
  in the most hospital way possible. I give them directions on making sure that they get their power turned on or making sure that they’re changing their filters in their furnace. And it’s twofold in the sense because they’re not only taking care of my home in this process, but they’re taking care of their home in the process. not a lot of people know that they have to change the furnace filter or that they should flush their water heater every couple of years. You know, it’s those little maintenance things that are important. you know, through

  Learning and growing and of course, trial and error, you learn these things and you learn and grow and decide, hey, I’m going to make sure that I educate my buyers and help them just because I don’t want them to fall down the same rabbit holes I did. If not changing their furnace filter and then you get a three, $400 bill because they have to come out and clean your furnace because clogged up or you blew the blower motor.

  Q Edmonds (12:26)
  Yeah, yeah, yeah, no, absolutely. So what I’m hearing from you that not just at the heart of just you just doing business, really at the heart is really educating and helping people. That’s what it really sounds like to me that that’s really at the heart of what you do. It’s just you’re just not in this for transactions. You really want people to be you want to help people. You want to help people to be successful. People have a home that they can call home. You know what I mean?

  Jason Parker (12:50)
  Absolutely, because it helps our community ultimately. mean, if they’re taking care of their homes and we have people living in these, you know, homes that, you know, might not be as desirable to other people, but they’re, you know, I’m putting people into them. I’m hoping that they make the investment into the home and then they’re brightening the community so that property values go up and it becomes a desirable place to live. you know, Saginaw is kind of on that cusp of that. I mean, we have a slow growth in Saginaw, but

  I think it’s significant enough that we will see ⁓ property values slowly increasing over the next five to 10 years for sure.

  Q Edmonds (13:29)
  I love it. love it. So you talk about the property value increasing. So I just want to ask you flat out, what’s the next real goal for you? What are you looking to solve a scale next? What’s the next goal for you, Mr. Jason?

  Jason Parker (13:41)
  Scaling. Now that I feel like I have the strategy underneath my belt, I feel good about it, I’ve worked all the kinks out. It’s really all about scaling and how I’m going to scale. ⁓ First, I need to maybe find some private money lenders, which is always great in any business. But then also finding the appropriate strategies to make my acquisitions and dispose and be able to get those properties flowing.

  so that I can meet my goal and help service the community.

  Q Edmonds (14:14)
  I love and there you go. You do it again. Service in the community like I love the way that you are very consistent with making sure that you’re serving people and you know, I just I just find that refreshing. I think at the foundation of any sustainable business is servitude. That’s what I feel it is and you keep saying community helping people and so you know I love hearing that Mr Jason. That’s that’s incredible.

  I do want to ask you this. So you talked about helping people. said I would kind of circle back around to this. I do want to talk about relationships for a little bit, because it seems to me that relationships are important to you. So has relationships served you well in your business as you have as you’ve been growing? How has relationships really affected you?

  Jason Parker (15:44)
  Absolutely, know, relationships are everything in this business. And ⁓ to me, it’s important to make sure that, you know, that we have respectful conversation and dialogues and that we work together and that if there’s any confusion or misunderstandings that we talk and we work it out. And I feel like ⁓ my personality, you know, being in ⁓ hospitality most of my career has helped service me to

  to make sure that I’m respectful to them and I hope that they’re respectful to me. And with the type of ⁓ community members that I’m working with, a lot of them have not been previewed to how to take care of a home and everything else. And so I find it important to help build those relationships by communicating with them, talking with them, and also

  you know, allowing them to understand that I’m here to help them. You know, I’ll have people call me once in a while and I love doing this. I mean, it’s, it’s different than the whole rental business where I had to go and fix things, but I’ll have people call me and they’ll ask me for input of, know, my water heater just went out, you know, what should I do? And I’ll go through the different steps to ensure that something, you know, it’s not something easy where the gas valve was shut off or, know, one of the kids spun the dial on the face and turned it off and they just didn’t realize it.

  And I’m not saying anything about our younger generation whatsoever, but it’s interesting. Instead of picking up their phone and YouTubing it, they’ll call me and ask me how to fix it. And ⁓ I kind of love that part. But on the other hand, it’s like they could find these fixes so easily. But it’s all about the relationships. And it’s the relationship I built with them through the acquisition process of them purchasing the home that I feel I build those solid relationships.

  Q Edmonds (17:43)
  Yeah, no, I’ll be honest. That’s the testament to you and your relationship building power that a young person would bypass YouTube to go to you. I think that’s not personally fake. That’s a testament to your relationship power because you know, we have so many kids that’s, you know, involved in the next technology. The fact that they would do that, that touch point, that person in person touch point, I think is really, again, a testament to your relationship building. Honestly, I really

  Jason Parker (18:09)
  do.

  I appreciate that. Yeah.

  Q Edmonds (18:11)
  Absolutely.

  Listen, Mr. Jason, is there any kind of final word of inspiration, education, any kind of final word that maybe you want to leave people? I mean, like I said, you we have 20 years of experience. Is there anything that comes to mind that you think maybe would be a good nugget to pass on to people before we get out of here?

  Jason Parker (18:33)
  Sure. ⁓ Don’t be afraid to be humble. Don’t be afraid to ask questions or put yourself out there and say, I don’t have the answer, but I want to learn. I mean, there’s so many people sometimes who are kind of bullheaded and I can be the same way sometimes. And sometimes I have to remind myself that I’m human and I don’t know everything and ⁓ it’s good to…

  get out, put yourself out there. And I think that so many people are afraid or say, you know, I’m going to ask a stupid question. The only stupid questions that are asked are the ones that people don’t ask. And, you know, it’s important for me to ask those questions because there’s so many people out there just like me that want to help. And there’s a, you know, it’s a testament to the community that I that I work within. ⁓ It’s the Freedom Accelerator program with slow flips. And, you know,

  I’m never afraid to go in there. Everybody is so warming and welcoming and they embrace our investment strategy and there’s so many experts and it’s so great to bounce ideas off of them and also help other community members. I’ll have 30 minute or hour conversations with other investors and talking about the strategy that I’ve been working with over the past year and mentoring them or showing them the ropes or explaining to them, you know,

  the paperwork process and it’s so rewarding but also a great way to produce passive income of course.

  Q Edmonds (20:06)
  Yeah, yeah. Listen, this has been great. I appreciate you. I appreciate your heart and your spirit again of just servitude and helping the community. And by way of helping the community, listen, if someone wanted to connect with you, collaborate with you, learn more about what you’re doing, what’s the best way for them to get in contact with you, Mr. Jason?

  Jason Parker (20:27)
  I have a website, Homend, LLC ⁓ think it’s Homend, h-o-m-e-n-d-m-i dot com, and they can reach out to me there by filling out the questionnaire, or they could contact me through my email address, which is ⁓ jasonparker, j-a-s-o-n, parker, p-a-r-k-e-r, at homendmi.com.

  Q Edmonds (20:56)
  I love it, Mr. Jason. Listen, sir, I just want to say thank you. Thank you so much for your time. Thank you so much for your story. Thank you for your perspective. I know our listeners are really going to find a value in this conversation. So again, thank you for being here today. Appreciate you.

  Jason Parker (21:13)
  Absolutely, anytime, Q.

  Q Edmonds (21:15)
  Absolutely. So listen y’all got the value for mr. Jason. You can’t tell me you didn’t so go ahead and make sure you subscribe That’s wait when that alert goes off You can just come in and get this incredible content from incredible people just like mr. Jason. So sir I thank you again and to everyone else. We will see you on the next time