#57 with Jonna Weber: Mastering Buy and Hold Investing and Building Your Team

Millennial Millionaire Real Estate Podcast

English - August 24, 2020 18:02 - 1 hour - 124 MB - ★★★★★ - 56 ratings
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Previous Episode: #56 with Willie Mandrell: Scaling to 40 Units and Over 10M Dollars Worth of Property

Next Episode: #58 with Zach Hoereth: Scaling to 35 units in 4 Years by Age 23

In this episode, Jonathan Farber interviews Jonna Weber on her road from diving into real estate at the bottom of the recession to developing a strategy for buy and hold investing that has held for more than a decade. Jonna is a broker and investor that specializes in working with out-of-state investors and buyers in Boise, Idaho. In this episode, we talk through topics like growing your properties, finding the right deals, self-managing, and more!

Top Takeaways:

How to grow beyond your first few deals - 14:30 - 18:00

If you are committed to being your own boss, go all in

If you have any property that isn’t working, dump it

Turn that loss into a gain by getting some thoroughly vetted deals

Sometimes it takes a professional to come in and get things done

How to find deals that work for you - 20:00 - 23:50

Putting more down isn’t necessarily a bad thing

If something goes wrong, having some equity going in can be a s safety net

The financial fundamentals stay the same no matter what the market is currently doing

How to get a handle on managing your own properties - 32:45 - 36:00

Plenty of excellent books for building systems