Mike Jacobson shares a 9 minute conversation with Jonathan Barr
We have come to know Jonathan in a mastermind in which we meet regularly and are learning together and encouraging one another. Jonathan shares some of his experience and philosophy of apartment investing.
California, multifamily investor
- Grew up in real estate family
- About 400 deals in single family since 2008
- Ground up development in Los Angeles
- Multifamily in Kansas City and Oklahoma City
- About 300 units in multifamily currently
- 118 units under contract, syndication
- A few deals a year
- Exploring storage and retail strip centers near current locations
- Value add – reduce expenses, upgrades
- Getting first deal puts you on the map, snowball effect
- Brokers want to know you can close
- Philosophy of keeping properties long term, long term wealth creation
- Refinance, tax free, compound wealth
- Accelerated depreciation, paper losses to offset income
- Jb2investments.com
- Twitter – post value every day
Mike is a retired aerospace engineer with a passion for real estate investing and teaching financial literacy. He lives with his wife in Daytona Beach, Florida.