Digital Social Hour
How Mid-Term Rentals Can Make You Financially Free | Jason & Jackie McClure DSH #1206
Thu, 27 Feb 2025 12:00:00 -0000
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🔥 Jason & Jackie McClure on Mid-Term Rentals, Financial Freedom & Finding Purpose 🚀 In this episode, we sit down with Jason and Jackie McClure, real estate investors and founders of Vetted Homes, to talk about mid-term rentals, building passive income, and living a life of true freedom. They break down: ✅ How insurance-backed rentals can generate massive cash flow ✅ How they built their real estate business while homeschooling four kids ✅ Why giving back is the key to fulfillment Whether you're an investor, an entrepreneur, or looking for a better way to create wealth and impact, this episode is packed with game-changing insights! 📲 Follow Jason & Jackie & Learn More: 🔗 Website: VettedHomes.com 🔗 Instagram: @jasonandjacky ⏱ CHAPTERS ⏳ 00:00 – Meet Jason & Jackie McClure: Mid-Term Rental Experts ⏳ 03:10 – What is a Mid-Term Rental & Why It’s the Best Investment Strategy ⏳ 07:45 – How Insurance Companies Cover Mid-Term Rentals ⏳ 12:30 – Why Mid-Term Rentals Are More Profitable Than Airbnbs ⏳ 18:00 – Moving from California to Texas & Building Financial Freedom ⏳ 25:50 – Giving Back: Mission Trips & Helping Communities ⏳ 32:15 – The Reality of Wealth & Why Money Alone Won’t Make You Happy ⏳ 38:45 – Investing for Time Freedom Instead of Just More Money ⏳ 44:00 – Lessons from Adoption, Parenting & Building a Strong Family ⏳ 50:30 – The Future of Real Estate & How to Get Started in Mid-Term Rentals 🎙 Sponsored by Lumati Red Boost your health, energy, and recovery with Lumati Red – the ultimate turmeric formula for pain relief and inflammation support. No pills, no hassle – just powerful, fast-acting results! 💪 Get yours now at Lumati.com and feel the difference! 🚀 🔥 Apply to Be on the Podcast & Business Inquiries: 🎙 APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application 📩 BUSINESS INQUIRIES/SPONSORS: [email protected]
Chapter 1: Who are Jason and Jacky McClure?
Yeah, Texas and Florida handled it well. You guys could do whatever you wanted, right? I mean, honestly, I was a bit surprised that they still had restrictions that were as strong as they were. I was expecting Texas to be totally free. And there was legit like quarantine recommendations.
I would say when the uncertainty was there, which I mean, we all were like, what's going on? It was a couple of months. Yeah, yeah.
It was a couple of months and I was kind of thinking like, this kind of feels like California. But when I went back to California, I was like, okay, this is not, that is not California. This is California. I remember her brother came out to visit in the middle. It was like a year and a half in or something. And he came to visit from California.
And he's like, we took him to a restaurant, a barbecue spot. And it's filled with people. No one's masked up. Band is playing. Yeah. Employees aren't massive. Nobody. And he's like, I just, I don't know what to do right now. Like, this feels crazy. And then he moved shortly thereafter. Oh, he moved there? A lot of people moved to Texas.
Never thought he would. But my whole family moved slowly but surely. And his mom just moved last weekend. Wow. Real estate went up a lot, right? In Dallas? Too much. Too much? Yeah. Well, you got in at 2020, so you're probably chilling, right?
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Chapter 2: What is a mid-term rental and why is it beneficial?
But we keep buying, so. Oh. Plus the interest rates. Yeah. What is it, 7% now? Yeah, it's around there. Yeah. We do some sub two stuff to kind of avoid that, but. Shout out to Pace. Yes. Yeah. That stuff is crazy. Yeah, it's amazing. Sub two. It's great right now. So you were able to. Not know what's possible.
Yeah, you guys were actually able to get a house using that strategy? We got two last year. Wow. Yeah. Because I tried out here and I couldn't do it. Man, you got to stay on top. Well, my price range is too high, I think. Oh, you're trying to get it for your homestead. For my home. Gotcha. Yeah. So when they're over a million, I feel like it's harder.
Yeah, it's harder to cherry pick. That's what I told him. I'm like, we'll just take what we can, find the good stuff for rentals, and then when we want to find whatever we're looking for, we're going to have to just find it on MLS. Yeah. Because you'll wait forever to find the right.
And if something does pop in, you've got to be in the first time. Be quick, right? Yeah, you've got to be on top of it. Yeah, because it's probably competitive now because Pace taught thousands of people that strategy. There's so many people. I mean, she posts something in the group, and five of our friends are like, I saw you posted something.
I know.
Oh, the Facebook group? Yeah. You guys got a group? Oh. Pace's free group. Pace's, yeah. Oh, and Pace's group, yeah. I don't know if you follow that one. I think I'm in there, yeah. Real Estate with Pace Morby. Yeah. Amazing group. I'm actually going to his event next month in Dallas. Really? Yeah. We might be there, too. Yeah. Yeah. March 28th, Jordan Peterson.
Oh, that's right. We're not going to be there because we're going to Turkey on that actual day. Turkey? Why not?
Whoa. Why are you going to Turkey? And we're leading a missional trip to Turkey. So we're taking all of our crew, our family. So six of us. We have four kids, one on the way. Congrats. Thank you. And then we're leading a team, some of them coming over from our church, some just someone coming over from Australia.
We got a team member from North Carolina, California, just kind of a nice spread, Louisiana. And we're just going to. hit the ground out there. We're going to land in Istanbul. We're going to be out there about two weeks, something like that, maybe just under. We're going to hit Cyprus and just pour into the local community, bless them as much as we can, bring goods. And just bring love.
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Chapter 3: How do insurance companies support mid-term rentals?
We didn't have funding, nothing. I didn't even know how we were going to pay for it. Handshake deal. Twenty three thousand. Right. And we go back and I'm like, OK, we got to find some sort of funding for this, some way to like pay for it. And sure enough, we got funding. But one night I was up late and I'm like, if this car is something like it's someone in the community has got to know something.
So I'm like pulling up Google search, like looking for Porsche, black Porsche Boxsters, you know. And I see a picture in Google Images and I'm like, this is it. Click on it. Sure enough, it's it. It was the cover car for European Car Magazine. June 2002 or something like that. And it said everything that was done to it. It was built by this guy who raced for Porsche in Le Mans one year.
And it was his kind of fun track car. Court Wagner, shout out.
Never met him, but shout out. He built this great car. 9-11 engine transplant, GT3 suspension all around. We're talking about like $75,000 or $100,000 in upgrades. We did a handshake deal for 23,000. What? And so the guy calls me the next day, and he's like, hey, I found the car. I know where it's from. I'm like, really? He's like, yep. There's an article on it. I'm like, kidding me.
He's like, European Car Magazine. He's like, but because we made the deal, I'm going to honor it. And that's how we got it. But all I have to say, I ended up with this car that I didn't deserve. Shout out to my wife who encouraged it. She's crazy like that, and I love her. But... I used to drive, I was a trainer at this point. I was working at an upscale gym in North LA County.
And I would drive that car once or twice a week. But if I drove it like four or five times a week, it was just, it felt like overindulgence. I just didn't enjoy it the same amount. And I think that's what it's like when you're just constantly trying to find fulfillment in things. Because it's like you're climbing this ladder. You get to the top, and what's there? Nothing.
So you've got to find something else. And you're continually climbing ladders. I think there's like this longing in our heart or you can say like a hole in our heart, something that's lacking. And we're continually trying to fill it with finite items, but we never reach the true fulfillment. There's a temporal happiness, but not a long-term fulfillment.
And I think you only get that in relationships. I think horizontal relationships and then vertical relationships especially. And then pouring out and using these things.
that they're chasing after are like the end but in reality it's a terrible end it's like they make terrible master but great servant and so if you can use these things to build into other people bless other people then man it's so so fulfilling so enjoyable I remember this one time I was driving that Porsche and we were in like downtown LA and there was a homeless guy and I got into my car and he's like that is an awesome car I'm like
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Chapter 4: Why did Jason and Jacky move from California to Texas?
That started like even like before we got married. Oh, hinting at it. Yeah.
Wow. And I'm like, oh babe, that's, this is not something we can just try. Like I got eight years worth of clients that I'm still with, you know, and like this really cush setup. And so I'm like, well, if we're going to do this, let's pray about it. We got to pray about this and let's just give it to God. So we just said simple prayer, Father, We'd like to go back to China.
And we asked that if it would please you, you would open up a door for us. And if not, then we'll stay in LA. And that was it. That was the prayer. And we didn't have too much money back then. We put aside $500 a month just in case to be able to fund us to get out there if it were to go down. But we didn't know. And I don't know if it was three months or four months or five months.
It was pretty shortly thereafter. Friends of ours from Shanghai reached out. The husband was Taiwanese. The wife was Indonesian Chinese, but from Toronto. And they're like, hey, we're going to go back to Toronto because we're pregnant. We're going to have our first child there. And we're just thinking about you guys and wondering if you guys will want to house it for the summer.
Like you just stayed at our house. Wow. And they didn't know what our prayer was. We didn't tell anybody. They didn't have a clue. And I'm like, it's so obvious. Yeah. People were like, were you scared? Like, how could you just leave everything? But like we asked for it. A door opened wide up. Literally, they have tons of they could ask anybody in Shanghai to house it for them.
But they asked us in L.A. Wow. And so we just dropped everything and moved out there. And we thought it would be indefinitely. But we ended up staying there for six years. And then we came back with our son, our daughter, who was born there, our first daughter, and then two dogs, two whippets. Oh, what caused you guys to come back? Was it another prayer? It was actually the adoption.
It was the adoption. It was a it was a pretty tricky adoption that we had to do. The one in China, the first one. Yeah. Yeah. The adoption of our son. Yeah.
So we were disqualified from adoption for on two counts. And so we had to like finagle the system. China's now closed adoptions, international adoptions now. So. Oh, wow. I wonder why they did that. I don't know. But I'll tell you what. Adoption is just a laundering scheme. It's crazy. No way. Oh, yeah. Oh, it's an industry. Wow. It's terrible. They would tell us. And I'm sure it's everywhere.
It's this way across the globe. But they would tell us like, OK, so here are the steps that you're going to do. You're going to go to this place. Make sure you bring crisp one hundred dollar bills and this this amount of them for this person. What the heck? That's weird. It was like $30,000 or $40,000 at the end of the payroll. What? For one kid? And you're taking a kid off their payroll, right?
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