REI181: 400 Flips, Midwest Multi-Family, and Mental Health Advocacy w/ Jonathan Barr

Millennial Investing - The Investor’s Podcast Network

Patrick Donley sits down with Jonathan Barr to talk about how he renovated 400 homes in Los Angeles with his family business, how he 1031’ed some duplexes he owned into investing in Midwest multi-family, how he’s managing his properties remotely, why he is a big fan of interest only loans and cost segregation studies, what his “Why?” is, and why mental health advocacy is important to him.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

06:40 - How they managed 400 flips in Los Angeles over a 10 year period.

10:18 - How some duplexes he bought in LA after the Great Financial Crisis provided the capital to start his next venture.

11:00 - What his next steps were after the fix and flip business became saturated?

14:09 - How he transitioned away from the family business and started JB2 Investments.

15:11 - Why he chooses to invest in multi-family in the Midwest.

15:11 - How he tripled his cash flow by investing in Midwest multi-family.

19:40 - Why he is a fan of interest only loans.

22:45 - How he’s managing his properties remotely.

22:45 - What the pros and cons of working in his family’s business were.

33:16 - What the advantages of cost segregation studies are.

37:48 - Understanding the advantages of a 1031 exchange.

43:51 - What Jonathan’s “Why?” is.

48:54 - Why he is a strong advocate for men’s mental health and how he practices self-care.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
• Moses Kagan’s blog
• Jonathan’s blog and e-book
• Re-Convene
• Start with Why by Simon Sinek.
• Psychology of Money by Morgan Housel.
• Shoe Dog by Phil Knight.
• Rich Dad Poor Dad by Robert Kiyosaki.
• Related episode: Listen to REI155: Building a Boutique Property Empire w/ Moses Kagan, or watch the video.
• Related episode: Listen to REI173: The Power of Cost Segregation w/ Yonah Weiss, or watch the video.
• Related episode: Listen to REI170: Transforming Spaces w/ Antonia Botera, or watch the video.
• Related episode: Listen to REI159: From Receptionist to Urban Infill Developer w/ Sean Sweeney, or watch the video.

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SPONSORS

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• Toyota
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• Yahoo! Finance
• Fundrise
• Public
• NetSuite
• NerdWallet

Connect with Patrick (@jpatrickdonley): Twitter

Connect with Jonathan: Website | Twitter | LinkedIn

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