Have you ever dreamed of owning large apartment complexes? If so, don’t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 units! You’ll learn why Jonathan skipped the “small deal phase” and jumped right into big deals — and how he’s gone from nothing to over 400 units in the past several years. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market!

In This Episode We Cover:

How Jonathan got out of the law industry and into real estate investing
The partnership that changed his life
How you can always find deals within 100 miles
The details of Jonathan’s first deal
What to do when someone cancels the deal
How financing contingency works
How he structures his deals
Tips for establishing yourself with brokers
The due diligence list to show to brokers
The importance of asking your friends for introductions
Why you should focus on the relationship aspect of investing
The details of Jonathan’s first successful deal
Why you should consider buying the “unsexy” properties
Tips on looking for deals
How he makes money through syndication
His strategy on making 400-unit deals
How he manages properties
What you should know about underwriting a deal
Things he would done differently if he started all over again
And SO much more!

Links from the Show

Books Mentioned in this Show

The Wall Street Journal. Complete Real-Estate Investing Guidebook by David Crook
Logistics Clusters by Yossi Sheffi
The War of Art by Steven Pressfield
The 4-Hour Workweek by Timothy Ferriss

Tweetable Topics:

“You don’t know what the heck you are doing, but you’ll figure it out when you start somewhere.” (Tweet This!)
“If you are a new investor, it’s not about how much money you have but about how many deals you have closed.” (Tweet This!)
“Persistence is 90% in business and then the other 10% is not being an idiot.” (Tweet This!)

Connect with Jonathan

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172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly 01:18:01

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172: Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly