Systems, Strategies, and Staying on top of mind for Acquiring more Deals with Jonathan Barr

In today’s episode, we are honored to have Jonathan Barr. Jonathan Barr started his Real Estate career during the 2009 recession. He has been involved in the acquisitions of over 400 residential flips in the competitive Los Angeles market. During that time he was also involved in ground-up developments and repositioning multifamily buildings. During that 10 year period, 22 million in profits were created with an average yearly return of 38%.  

For today’s episode we will cover: 

[01:05-5:24] Opening Segment

• Get to know Jonathan Barr
• Jonathan’s background and introduction into the multifamily space

[5:24-9:18] Working with multiple strategies and systems on acquiring deals

• Cody shares his opinion about wholesalers and flippers deserve a lot of respect 
• Jonathan shares about L.A.’s rent control and his lightbulb moment in Kansas City.

[9:18-13:42] Being a presence on top of mind with social media, brokers and even neighbors next door.

• Why California is a ‘money' state, and not a ‘deal’ state.
• Where their deal flow is coming from.

[13:42-16:34] Letting brokers see you as a player in your market.

• Another aspect of developing relationships.
• Similar skill sets that a person in health care and a person in multi family syndication have.
• Letting all the brokers know you bought something.

[16:34-21:55] Jonathan’s tips and ways that give them competitive advantages.

• Cody shares a tip on adding all their brokers on their newsletter.
• Their long term approach.
• Avoiding more value add stuff.
• Having the ability to do rent bumps and other efficiencies.

[21:55-28:07] Giving back to the community as a real estate investor.

• Cody’s thoughts on the value add strategy over the last decade.
• Why do people want to sell sooner?
• Jonathan shares one of their potential secret weapons.
• How being a real estate investor can give back to the community.

[28:07-37:36] Looking at the quality over quantity when investing.

• How retails and creative spaces are changing.
• How they’re conditioning their database on multifamily.
• How to attract a long term 7-10 year investor.
• Investors should be aware and cautious and network with guys like Jonathan who focuses on quality over quantity.

 [37:36-39:40] Having the experience and mindset to be prepared for a possible market crash.

• Jonathan shares about his parents' experience when they got hit pretty hard during the last recession.
• One way new investors should look at when they want to start investing.

[39:40-44:07] Closing Segment

• What Jonathan would do for his continued education to further his investing.
• Some of the last things that Jonathan learned in his journey.
• Jonathan’s advice to the listeners to grow your business.

Tweetable Quotes: 

"Just being active in the space and people knowing that you work in the market, sometimes they'll bring you deals that way." - Jonathan Barr

Connect with Jonathan Barr if you want to start your Real Estate journey! Just type @JB2investments on twitter, or you can visit him on his website https://www.jb2investments.com/

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