May 4, 2021
Today’s guest is Jonathan Barr
started in acquisitions of single-family higher-end flips.
Eventually, he got into ground-up developments and repositioning of
multifamily buildings. Jonathan has been involved in 400+ projects
during that period. When it comes to multifamily, he has been
involved in property management, leasing, and construction and has
a good grasp of the business as a whole.
Let’s listen to Jonathan to
learn more about multifamily and expanding your network.
[00:01 – 07:01] Opening Segment
- Let’s get to know Jonathan Barr
- Jonathan talks about his
background.
-
- Grew up in a real estate family.
- Why he did not want to work with his parents in
real estate at first.
- The reason he wanted to join real estate and do
it differently than his parent.
-
[07:02 – 16:20] Multifamily
Investing in Kansas City
- Advice for investors to scale in multifamily
and take the leap of faith.
-
- Find a good mentor or coaching
program.
- What’s appealing about the MidWest and
especially Kansas City
- What is the practical difference between owning
the 1920s property vs. owning a 1970s property?
- The considerations and factors that are
influencing the decision-making process of investing in the
area.
- The essential aspects of long-distance
investing.
- The downside of not being close with your
investment property.
- If you are interested in multifamily and want
to review a sample deal, check out our special download of a sample
deal package on casmoncapital.com/sampledeal, and join our mailing
list to get tips and exclusive investment
opportunities.
[16:21 – 29:50] Expanding Beyond Your
Personal Network
- Jonathan shares some tips to identify your
market and go through the screening process to find the right team
members.
- Jonathan talks about the process of building a
multifamily company with his brother and bring it on another
investor in Oklahoma City.
- Overcoming the challenge of building a new
network.
- Jonathan talks about the future goals of his
company.
- The key insight of building rapport to convince
other future investors and partners.
- How to connect with Jonathan
-
[29:51 – 35:49] The Bull’s eye
round
- Apparent Failure:
-
- “Be disciplined and have the checklist for
everything, so you don’t miss anything.”
- Digital Resource:
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- Most Recommended Book:
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- Daily Habit:
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- Walking to clear his mind
- Current Curiosity:
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- Finding a new location to invest
- Wish I Knew When I Was Starting
Out:
-
- I wish I went larger sooner and not being in
fear of that.
- Best Place to Grab a Bite in LA
-
- How to connect with Jonathan.
-
Tweetable Quotes:
“The people that are
actually working on your property have to be high quality even if
you need to pay them a little bit more; it’s worth it.” –
Jonathan Barr.
“To vet team members, you
just need to talk to at least 3 PM, contractors. Vendors to get
references and connect to a network with other investors that are
in the area that not only can they refer people to you but they
could also be potential partners..” – Jonathan
Barr.
“Just think outside of the
box and see what the opportunities are available for us.” –
Jonathan Barr.
You can connect with Jonathan
on Twitter,
Linkedin or shoot him an
email to JB@JB2investments.com. You can also download his ebook at
www.jb2investments.com/lower.
Thank you for joining us for
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To enhance your multifamily
knowledge and achieve greater success in your business, you can
connect with me on LinkedIn and Facebook or check out my website www.casmoncapital.com/.