Financial Freedom with Real Estate Investing

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

JB2 Investments

JB2 on Facebook 

Jonathan on Twitter

Jonathan on LinkedIn

Resources

Register for Michael’s Platform Builders Masterclass

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

Upwork

Podcast Show Notes

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP276.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

In nearly 300 episodes of the Apartment Building Investing podcast, I’ve talked to big names in real estate like Robert Kiyosaki, Brandon Turner and Grant Cardone. I’ve also had conversations with countless men and women you may not have heard of who achieved financial freedom through multifamily syndications.

And now, Apartment Building Investing is coming to an end. But only because we’re celebrating a new beginning and rebranding the show as Financial Freedom with Real Estate!

On this episode, I explain how Financial Freedom with Real Estate more accurately reflects our mission here at The Michael Blank Organization. I explain what makes investing in apartments better than single family homes, sharing examples of people we’ve empowered to quit their jobs and live a life of purpose through multifamily investing. Listen in for insight on the benefits of our Deal Maker Certification training and find out how to WIN the course in our Financial Freedom Podcast Launch Contest!

Key Takeaways 

Why we’re renaming the podcast Financial Freedom with Real Estate

  • Accurately communicates mission of organization
  • Reach more people thinking about investing

Why apartments are superior to investing in single family homes

  • Performs better in down markets
  • More consistent returns
  • Pay self acquisition fees as syndicator
  • Secure non-recourse debt
  • Control value of property
  • Achieve financial freedom in 2 years

How financial freedom empowers people to live a life of purpose

  • Realize you’re here for something bigger than yourself
  • Sets you up to make impact, become difference-maker

What you learn from our Deal Maker Certification training

  • Proven system to achieve financial freedom with multifamily
  • Process for doing first deal, quitting job and scaling portfolio
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Resources

Enter to Win the Financial Freedom Podcast Launch Contest

Financial Freedom with Real Estate Investing by Michael Blank

Explore Michael’s Deal Maker Certification Training

Learn More About Michael’s Mentoring Program

Financial Freedom Hall of Fame

Rich Dad Poor Dad by Robert T. Kiyosaki

Podcast Show Notes 

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: Financial_Freedom_with_Real_Estate_Investing_EP275.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

Multifamily investors know the advantages of scale. But when it comes to residential assisted living or RAL, bigger isn’t always better. The big-box model often leads to poor healthcare outcomes, treating residents not as individuals but part of a process. So, how can investors scale senior living facilities without compromising care?

Loe Hornbuckle is CEO of Sage Oak Assisted Living and Memory Care and Cofounder of GoodHorn Capital, a real estate investment firm focused on recession-resistant asset classes including build-to-rent and senior living. Loe has a heart for improving the residential assisted living experience, providing residents with both the quality care associated with small RAL facilities and the advantages of scale.

On this episode of Apartment Building Investing, Loe joins cohost Garrett Lynch and me to share his unique, hybrid approach to building assisted living and memory care facilities. Loe explains how his father’s bad experience in hospice inspired his interest in RAL and offers insight on applying his strategy to multifamily deals. Listen in to understand how Loe is solving the scaling problems of residential assisted living and find out if the business of caretaking is right for YOU.

Key Takeaways

Loe’s approach to building assisted living and memory care facilities

  • Unique physical plant and operations (boutique experience)
  • Campus of 10 buildings with 16 residents in each

How Loe is solving the scaling problems of residential assisted living

  • Campus of care homes can use third-party management
  • Much easier to appraise and finance through bank

What Loe’s campus of care homes looks like

  • 5 or 6 homes (9K ft2) + 2-story sales and admin office
  • Homes have four quadrants and commons area

What inspired Loe’s interest in assisted living as an asset class

  • Dad had really bad experience in hospice care
  • Presentation and podcast on converting real estate to RAL

How an investor can get into the business of caretaking

  • Invest as LP with operator you believe in
  • Hire team with medical background

How Loe thinks about processes and systems in RAL

  • Works only up to point to establish baseline
  • Hire for heart and talent, get out of way

The critical hires for a residential assisted living facility

  • Executive director and head of clinical team
  • Look for integrator or visionary

How to apply Loe’s RAL strategy to multifamily investing

  • Analyze deal if converted to age-restricted community
  • Additional tool for competing on deals

Loe’s advice on getting started with residential assisted living

  • Must have heart for business and strong WHY
  • Determine core competencies of team, hire for gaps

Connect with Loe Hornbuckle

Loe on LinkedIn

GoodHorn Capital

Resources

Register for Deal Maker Live

Learn More About Michael’s Mentoring Program

Join the Nighthawk Equity Investor Club

Podcast Show Notes

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: ABI_274.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

Adversity is not optional. Whether you’re a Navy SEAL or a multifamily investor, you’re going to face difficult circumstances. And while you don’t have control over what happens, you DO control how you respond. Are you going to let adversity knock you down? Or will you rise to the occasion? 

Chad Williams the bestselling author of SEAL of God, a memoir of his grueling journey through Naval Ops training and onto the war-torn streets of Iraq. Chad is also a sought-after international speaker, drawing on his experience as Navy SEAL to share lessons around teamwork, integrity, mental toughness and overcoming adversity, and he is set to deliver the keynote address at Deal Maker Live next week in Dallas.

On this episode of Apartment Building Investing, Chad joins cohost Drew Kniffin and me to explain how the principles he mastered as a SEAL apply to multifamily investing, challenging us to be servant leaders and stay calm in the face of adversity. Chad offers advice on staying the course in difficult times, describing how a strong WHY made him one of only 13 SEAL trainees to graduate (in a class of 173). Listen in for Chad’s insight on the choice you have to let adversity be a weight or a wing and learn to be resilient regardless of the challenges life brings your way!

Key Takeaways 

The story of Chad’s final operation in Iraq

  • Hunt men who make suicide vests and roadside bombs
  • Work side by side with Iraqi Special Operations Forces
  • ISOF led final initiative but ambushed during operation

What it looks like to be a servant leader

  • Foster environment of loyalty, trust and sense of family
  • Esteem needs of others as greater than your own

Chad’s advice on how to respond to adversity

  • Find ways to rise to occasion (choose wing vs. weight)
  • Calmness is contagious, true leader controls emotions

The challenge of completing the training to become a SEAL

  • 173 in Chad’s class but only 13 made it to graduation
  • Hell week = 4 hours of sleep in 5½ days, run 200 miles 

How to stay the course and endure through challenging times

  • WHY bigger than just you, e.g.: faith, family or friends
  • What would you write inside your hat?

Connect with Chad Williams

Navy SEAL Chad Williams

SEAL of God by Chad Williams

SEAL of God on Instagram

Resources

Register for Deal Maker Live

Sign Up for Chad’s Deal Maker Live Adventure

Access Michael’s Free Report—What’s the Best Investment: The Stock Market or Real Estate?

Join the Nighthawk Equity Investor Club

Learn More About Michael’s Mentoring Program

Download Michael’s Free eBook: The Secret to Raising Money for Your First Apartment Building

Scott Helvenston

Podcast Show Notes

Michael’s Website 

Michael on Facebook 

Michael on Instagram 

Michael on YouTube 

Apartment Investor Network Facebook Group 

Direct download: ABI_273.mp3
Category:Commercial Real Estate -- posted at: 1:00am EDT

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