AIJ140: From Flipping 400 Homes to Commercial Multifamily - with Jonathan Barr
The Lead Sponsor - Real Estate Investing Through Syndications and Funds
English - November 19, 2021 07:00 - 31 minutes - 21.7 MB - ★★★★★ - 55 ratingsInvesting Business Entrepreneurship david robinson real estate investing apartment investing multifamily investing apartment syndication multi-family syndication cashflow investing multifamily apartments Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Jonathan is a former flipper of 400 homes in Los Angeles. During that 10 year period, 22 million in profits were created with an average yearly return of 38%. Now he has teamed up with his brother/partner to buy apartments in the Midwest using some of their own funds and now starting to raise from others.
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WE DISCUSS:
His early introduction to real estate.Why he switched to the Midwest market.The impact of scaling their business.The details of their 14-unit deal in Kansas.His realizations in investing outside of his “backyard” market.What’s ahead for their business.His 71-unit deal in Oklahoma.The structure of that deal.His biggest challenge.His biggest win.His best advice for someone just starting.KEY QUOTE:
“You don’t have to do the biggest deal in the world right away. House hacking is a good way to get started. Eventually, you could sell and exchange it into a 14 unit"
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