Capital Hacking E293: HOW to Lose Money and Still Sleep at Night with Gary Jonas
This episode featuring Josh McCallen and John Edwin explores various facets of the real estate industry and entrepreneurial strategies. In this particular episode, they host Gary Jonas from the How Group, who discusses the upsides and downsides of real estate investments, offering insights into the current state of the economy and his predictions for the market. Gary Jonas shares his journey from the mortgage business to real estate development and property management, highlighting how he transitioned to multi-family properties and leveraged market timing. He also introduces a unique concept of setting aside 5% of rent payments to help tenants save for homeownership. The podcast delves into innovative strategies and creative financing options for thriving in challenging real estate markets, while also touching on macroeconomic factors like interest rates. Overall, the episode provides valuable insights and strategies for both seasoned real estate professionals and newcomers looking to navigate the industry's complexities.
Gary Jonas Jr., President / Principal, HOW Acquisitions
www.howgroup.com
A graduate of LaSalle University, Mr. Jonas began his career in real estate by learning the mortgage business, while refining the art of structuring a win-win deal. Mr. Jonas joined forces with two colleagues to establish Advanced Mortgage Concepts, where he served as president for 10 years. While overseeing the activities and growth of Advanced Mortgage Concepts, Mr. Jonas began a quest to revitalize blighted properties in the city of Philadelphia - where he was born, bred, and educated. This venture rapidly grew into The HOW Group, a highly respected real estate firm that focuses primarily on urban real estate development, construction, property management, real estate sales and lending. As President of The HOW Group, Mr. Jonas focuses primarily on the acquisitions and development activities; and hires top-notch personnel partners to handle the operations of the other divisions.
The HOW Group currently owns and manages 1,000 units in the Philadelphia region.
Active in the community, Mr. Jonas gives back to the industry and city in which he lives and works. Mr. Jonas serves on the Board of the Building Industry Association of Philadelphia as its current president. He sits on the governing board of Big Brothers Big Sisters Independence region where he chairs their program committee. He is the President of The Drexel Area Property Association RCO (DAPA). Finally, and most importantly he is the Vice President of How Charities a local nonprofit that focuses on helping single family households become homeowners. Homes are purchased, gutted, and remodeled and then sold at below market value to families who are trying to break the cycl
Turn your unique talent into capital and achieve the life you were destined to live. Join our community!
We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger.