From Aerospace W2 to 200+ Units: Scaling With Partnerships | Jason Hsieh
Mon Nov 17 2025
They say you must quit your job to build wealth. The reality? You can keep your W-2 and still grow big. In this episode, Jason Hsieh shares how he used his W-2 as a superpower to build real wealth in multifamily real estate. He breaks down how to pick under-the-radar markets, which KPIs actually matter, and how to scale responsibly when you’re busy and far from your properties. He also covers when to choose equity growth over cash flow and how partnerships help you scale with less stress.
👤 Guest Bio
Jason Hsieh immigrated from Taiwan at 13 and later built a 12+ year career in aerospace in San Jose. He started with out-of-state single-family rentals, tested multifamily as an LP, and then moved to GP roles where his focus is asset management and acquisitions. Today he holds GP interest in 200+ units across the Midwest, with current footprints in Kansas City and Cincinnati.
🔑 Key Insights
💡 Set a daily routine so you can grow while keeping your W-2.
💡 Time block and say no to shiny objects so you stay focused.
💡 One roof beats one door when you need real scale.
💡 Screen markets for diverse jobs, steady population, and lower climate risk.
💡 Hunt under-the-radar metros after the top lists get crowded.
💡 Partnerships win when values and ethics match in real life.
💡 Track the leasing conversion funnel, not only occupancy.
💡 Read the story behind the numbers and question each line item.
💡 Use tools and comps to manage from afar with clear eyes.
💡 Shift strategy as seasons change and value resets appear.
💡 Build one solid market team before expanding to the next.
💡 Quality before quantity is the mindset to keep.
⏱️ Timestamps
01:17 – From Aerospace Engineer to 200+ Units
02:58 – His Market Selection Framework
07:17 – LP to GP and Building Strong Partnerships
14:26 – Time Blocking, Focus, and Saying No
17:34 – The KPIs Every New Asset Manager Should Know
19:45 – His Multifamily Goals and Plans
20:49 – Managing Properties From Afar
24:51 – Cash Flow or Equity Growth?
29:30 – One Mindset Lesson for Future Leaders
🤝 Connect With Our Guest
Email: jason@formosaequity.com
LinkedIn: https://www.linkedin.com/in/jason-hsieh-17014a25
Instagram: https://instagram.com/jason.h.rei
Facebook: https://www.facebook.com/jason.hsieh.7503
👋 Connect With Me
Giang Nguyen
Multifamily Investor
Mortgage Broker
Founder – One River Capital
Website: https://onerivercapital.com
Instagram: https://instagram.com/thatsalsainvestor
LinkedIn: https://linkedin.com/thatsalsainvestor
Facebook: https://facebook.com/thatsalsainvestor
FREE Discovery Call: https://links.onerivercapital.com/lets-connect
FREE Guide: https://links.onerivercapital.com/multifamily-syndication-guide
⭐ Enjoyed this episode?
💬 Send it to a friend
🌟 Leave a review
✅ Subscribe for more immigrant stories & wealth strategies.
More
They say you must quit your job to build wealth. The reality? You can keep your W-2 and still grow big. In this episode, Jason Hsieh shares how he used his W-2 as a superpower to build real wealth in multifamily real estate. He breaks down how to pick under-the-radar markets, which KPIs actually matter, and how to scale responsibly when you’re busy and far from your properties. He also covers when to choose equity growth over cash flow and how partnerships help you scale with less stress. 👤 Guest Bio Jason Hsieh immigrated from Taiwan at 13 and later built a 12+ year career in aerospace in San Jose. He started with out-of-state single-family rentals, tested multifamily as an LP, and then moved to GP roles where his focus is asset management and acquisitions. Today he holds GP interest in 200+ units across the Midwest, with current footprints in Kansas City and Cincinnati. 🔑 Key Insights 💡 Set a daily routine so you can grow while keeping your W-2. 💡 Time block and say no to shiny objects so you stay focused. 💡 One roof beats one door when you need real scale. 💡 Screen markets for diverse jobs, steady population, and lower climate risk. 💡 Hunt under-the-radar metros after the top lists get crowded. 💡 Partnerships win when values and ethics match in real life. 💡 Track the leasing conversion funnel, not only occupancy. 💡 Read the story behind the numbers and question each line item. 💡 Use tools and comps to manage from afar with clear eyes. 💡 Shift strategy as seasons change and value resets appear. 💡 Build one solid market team before expanding to the next. 💡 Quality before quantity is the mindset to keep. ⏱️ Timestamps 01:17 – From Aerospace Engineer to 200+ Units 02:58 – His Market Selection Framework 07:17 – LP to GP and Building Strong Partnerships 14:26 – Time Blocking, Focus, and Saying No 17:34 – The KPIs Every New Asset Manager Should Know 19:45 – His Multifamily Goals and Plans 20:49 – Managing Properties From Afar 24:51 – Cash Flow or Equity Growth? 29:30 – One Mindset Lesson for Future Leaders 🤝 Connect With Our Guest Email: jason@formosaequity.com LinkedIn: https://www.linkedin.com/in/jason-hsieh-17014a25 Instagram: https://instagram.com/jason.h.rei Facebook: https://www.facebook.com/jason.hsieh.7503 👋 Connect With Me Giang Nguyen Multifamily Investor Mortgage Broker Founder – One River Capital Website: https://onerivercapital.com Instagram: https://instagram.com/thatsalsainvestor LinkedIn: https://linkedin.com/thatsalsainvestor Facebook: https://facebook.com/thatsalsainvestor FREE Discovery Call: https://links.onerivercapital.com/lets-connect FREE Guide: https://links.onerivercapital.com/multifamily-syndication-guide ⭐ Enjoyed this episode? 💬 Send it to a friend 🌟 Leave a review ✅ Subscribe for more immigrant stories & wealth strategies.