MB276: Add a Zero to Your Next Capital Raise – With Jonathan Barr

Financial Freedom with Real Estate Investing

Michael Blank, Garrett Lynch, Michael Blank, and Garrett Lynch에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Michael Blank, Garrett Lynch, Michael Blank, and Garrett Lynch 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

3y ago 34:47

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So, you want to go for bigger deals, but your current network is pretty much tapped out. Maybe you struggled to raise $500K for your last deal, and you’d like to add a zero for the next one. How do you attract new investors and scale your capital raise?

Jonathan Barr is the Cofounder and Principal at JB2 Investments, a real estate investment firm specializing in 70-plus-unit value-add projects in high cashflow, landlord-friendly markets. Jonathan began his real estate career in 2009, facilitating the acquisition of 400 residential flips in the LA market that generated $22M in profit for his family’s business.

On this episode of Financial Freedom with Real Estate Investing, Jonathan joins me to explain what inspired him to invest outside the LA market, sharing the mental blocks he had to overcome to buy properties in the Midwest. Jonathan walks us through his first multifamily deal in Oklahoma City, discussing why he had a hard time raising money for it and how he built an online platform to solve that problem. Listen in for Jonathan’s insight on using Twitter to attract new investors and learn how to scale YOUR ability to raise capital through content creation!

Key Takeaways

How Jonathan got involved in real estate

Grew up in real estate family in LA
Join flip, development business

The pros and cons of working in a family business

Feel ultimate support and trust
Hierarchy of parent-child relationship

What Jonathan learned in SFH acquisitions that translates to multifamily

Conduct due diligence, use checklists to mitigate mistakes
Discuss deals with team and bounce ideas

What inspired Jonathan to invest outside the LA market

Buy-and-hold duplexes in LA only making 3% in equity
Potential to triple cashflow by moving money to KC

Jonathan’s mental block around investing out of the LA market

Unable to drive to properties and manage himself
Hard to feel comfortable delegating responsibility

Why Jonathan made the shift to multifamily

Margins on flips low, always chasing next deal
Apartment buildings much more tax efficient

Why Jonathan joined our mentoring program last year

Left family business in January 2020
Used to having parents as mentors

Jonathan’s first multifamily deal

Closed on 72-unit property in OKC in September
Cut expenses by 25%, beating projections by 30%

Why Jonathan had a hard time raising money for his first deal

First deal in OKC market (no track record there)
Uncertainty of pandemic

How Jonathan built an online platform to raise capital

Offer free eBook to build email list
Post content daily on Twitter

Jonathan’s take on why content creation is so important

Gives potential investors insight into business
Shows thoughtful and thorough, builds trust

Jonathan’s insight on how to create content

Get ideas from questions you get, other podcasts
Block off time to write multiple posts at once

Jonathan’s advice for syndicators who are tapped out on capital

Post video or blog every week
Focus energy on single social platform

Connect with Jonathan Barr

Resources

Learn More About Michael’s Mentoring Program

Enter the Financial Freedom Podcast Launch Contest

The Tax Stack Strategy: The Magic of Paying Less Tax Using Real Estate by Jonathan Barr

Apartment Investor Network Facebook Group

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