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In this episode, our guest Jonathan Barr, a multifamily investor and owner of JB2 Investments, shares how he grew from flipping houses with his parents to acquiring and managing apartment complexes worth more than $35 million.
Jonathan details his path through strategic acquisitions, leveraging relationships, and reinvesting profits to maximize returns over the long run.
You will gain valuable insights on sourcing off-market deals, understanding real cap ex costs, how to assess a building physically, and the importance of re-evaluating your investments based on your equity in them today vs your initial equity invested.
Highlights:
02:00 How did Jonathan start investing in multifamily?
05:23 The biggest mistake made
07:28 What is accelerated depreciation?
09:05 A transition from single to multifamily
13:06 The strategy for multifamily units
17:02 Return on the equity vs. the cash put into the deal
20:21 The second deal in OKC
24:36 New deal expectations and assessing units
34:18 How can you benefit from Twitter or LinkedIn?
39:12 How is Jonathan sourcing deals?
40:27 Sharing valuable insights learned along the way
45:57 How to get in touch with Jonathan
Interested in chatting with Jonathan? Connect with him on LinkedIn or Twitter (X):
https://www.linkedin.com/in/jonathan-barr-jb2investments/
https://twitter.com/Jb2Investments
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Breneman Capital: https://www.breneman.com
Investor List: https://www.breneman.com/invest
Passive RE Investor Guidebook: https://www.breneman.com/downloads
Connect with Drew: https://linktr.ee/drewbreneman