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16 episodes with jonathan twombly
3 episodes with jonathan twombly
2 episodes with jonathan twombly
2 episodes with jonathan twombly
2 episodes with jonathan twombly
2 episodes with jonathan twombly
2 episodes with jonathan twombly
2 episodes with jonathan twombly
Jonathan Twombly joins us today to talk about capital raising, challenges faced, and just starting out.Continue the conversation with Brian on LinkedInJoin our multifamily investing community for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitanThis episode originally aired on June 14, 2024----Watch the episode on YouTube: https://www.youtube.com/channel/UCcsYmSLMxQCA9hgt_PciN3g?sub_confirmation=1 Listen to us on your favorite podcast app:Apple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Instagram: https://www.instagram.com/diary_of_an_apartment_investor Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv ----Your host, Brian Briscoe, has owned over twenty apartment complexes worth hundreds of millions of dollars and is dedicated to helping aspiring apartment investors learn how to do the same. He founded the Tribe of Titans as his platform to educate aspiring apartment investors and is continually creating new content for the subscribers and coaching clients.He is the founder of Streamline Capital based in Salt Lake City, Utah, and is probably working on closing another apartment complex in the greater SLC area. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021 after 20 years of service.Connect with him on LinkedIn----Jonathan TwomblyJonathan is a Wall Street lawyer-turned-real estate investor. Since starting in 2011, he has built and sold a portfolio in South Carolina, raised millions in equity for other sponsors, and built a multifamily real estate coaching community called Apartment Investors Club. In 2022, he started investing in value-add independent hotels in New York and New England. The best place to connect with Jonathan is through Linkedin, where he posts most days.Learn more about him at: https://www.linkedin.com/in/jonathandtwombly/, or https://www.skool.com/apartment-investors-club-4237/about
In this episode, we explore the ongoing banking crisis, highlighting the significant unrealized losses reported by banks and the growing list of troubled institutions. We discuss the potential implications of these issues for the financial system and the economy. Additionally, we touch on key market indicators, the current state of the real estate market, and opportunities in small multifamily properties. Special shoutouts go to Sean Canal of Think Media and Simon, the Uneducated Economist, for their insightful contributions to the community. [0:00] Banking Crisis Overview - Discussion on the continued banking crisis and the half trillion dollars in unrealized losses. [1:23] FDIC Report Highlights - Analysis of the FDIC's report showing 63 banks on the troubled list, up from 52. [5:03] Unrealized Losses Impact - Explanation of unrealized losses and their potential impact if banks are forced to sell assets. [6:22] Class B and C Multifamily Market - Insights into the challenges and opportunities in the Class B and C multifamily market. [8:03] Disrespectful Offers - Richard Branson's legendary 1978 offer on Necker Island as an example of a highly disrespectful yet successful offer. [10:26] Real Estate Market Trends - Discussion on active inventory increases and price movements in the housing market. [13:32] Community Announcements - Details on upcoming sessions in the school community with CPA Bob Langworthy and multifamily expert Jonathan Twombly. [14:26] Jobs and Economic Indicators - Review of the JOLTS report and expectations for upcoming job market data. [15:56] ISM Manufacturing Index - Analysis of the latest ISM Manufacturing Index report showing economic weakening. [16:30] Consumer Behavior Shift - Observations on the fading YOLO economy and the shift towards more conservative consumer spending. One Rental at a Time: Access resources including the 54-year real estate spreadsheet. Think Media Interview with Uneducated Economist: Watch the insightful interview (link is illustrative). Join the School Community: Sign up for special content and expert sessions (link is illustrative). Thank you for tuning into today's episode. If you found our discussion valuable, please rate, follow, share, and review our podcast. Your support helps us continue to deliver quality content. Stay informed, stay proactive, and remember, understanding the intricacies of the market and leveraging educational opportunities is key to navigating these economic challenges.
In this episode, we discuss the recent rate cuts by the Bank of Canada and the European Central Bank (ECB), marking significant moves in the global financial landscape. We analyze the implications of these cuts for the U.S. economy, the dollar, and trade. With a crucial U.S. jobs report on the horizon, we explore how it could influence future rate cuts by the Federal Reserve. Additionally, we delve into market reactions, share insights from recent earnings reports, and highlight the importance of financial education and networking in the current economic climate. [0:00] Bank of Canada and ECB Rate Cuts - Analysis of the first rate cuts by G7 nations and their potential impact. [1:10] Sticky Inflation Concerns - Despite high shelter inflation in Canada, rate cuts proceed, indicating a shift in central bank strategies. [2:52] European Central Bank's Inflation Forecasts - The ECB's revised inflation expectations for 2024 and 2025 and their implications. [3:25] U.S. Jobs Report Significance - How tomorrow's jobs report could make or break the likelihood of a September rate cut. [5:50] Market Expectations and Reactions - Discussing market predictions and reactions to potential rate cuts. [7:57] Shoutout to the Community - Acknowledging the support and participation of the daily live stream audience. [8:37] Importance of Networking and Education - Opportunities to interact with experts like Jonathan Twombly and Greg Dickerson in the school community. [10:38] Recent Earnings Reports - Highlights from Lululemon, Five Below, and Costco's earnings and their market implications. [11:17] Bankruptcy Trends and Consumer Behavior - Insights from Lisa Song Sutton on the rise in Chapter 7 bankruptcies and its impact on consumer markets. [14:31] Tech Layoffs and Labor Market Dynamics - Explaining why tech layoffs haven't significantly impacted the unemployment rate. One Rental at a Time: Access resources and join the school community. Lisa Song Sutton Interview: Watch the interview discussing bankruptcy trends (link is illustrative). Join the School Community: Sign up for special content and expert sessions (link is illustrative). Thank you for tuning in to today's episode. If you found our discussion insightful, please rate, follow, share, and review our podcast. Your support helps us continue to deliver valuable content. Stay informed, stay proactive, and remember, understanding market dynamics and networking with experts is key to navigating these economic shifts.
In this episode, we discuss the surprising drop in pending home sales with Jonathan Twombly, a commercial real estate expert. Despite predictions, pending home sales have significantly declined, prompting a deeper look into both residential and commercial real estate markets. We explore the impact of rising interest rates, the behavior of cash buyers, and the significant differences between residential and commercial real estate transactions. Jonathan provides valuable insights into the current market conditions, potential future trends, and strategic advice for navigating this challenging environment. [00:00:00] Introduction to the significant drop in pending home sales: Expected -1%, actual -7.7%. [00:01:11] Impact of interest rates above 7% on residential demand and the broader market. [00:01:36] Comparison of interest rate impacts on residential versus commercial real estate. [00:03:03] Challenges in commercial real estate: Reduced buyer willingness and high seller price expectations. [00:05:05] Difference in cash transactions between residential (30%) and commercial real estate. [00:06:50] Importance of 30-year fixed-rate mortgages in residential versus short-term covenants in commercial. [00:07:42] Commercial real estate's dependency on NOI (Net Operating Income) and cap rates for valuation. [00:10:29] Current market conditions: Volume of sales at a four-year low, reflecting early COVID-19 levels. [00:14:00] Impact of new Class-A apartments on the rental market and the misconception about Class-B and C properties. [00:18:11] Discussion on the differences in market cycles between residential and commercial real estate. Jonathan Twombly on LinkedIn Apartment Investors Club One Rental at a Time Thank you for tuning into this insightful episode with Jonathan Twombly. If you enjoyed the discussion, please rate, follow, share, and leave a review. Your feedback helps us continue to provide valuable content. For more in-depth discussions and to stay updated on real estate trends, follow Jonathan on LinkedIn or visit the Apartment Investors Club. See you next time!
Jonathan shares his journey from law to real estate, highlighting his transition into the multifamily and hospitality sectors. Discover Jonathan's strategy of starting small to build momentum and his unique approach to revitalizing neglected hotel properties. Gain valuable insights into raising capital for hospitality ventures and the importance of building trust with investors.Key Takeaways to Listen ForStart small: Jonathan emphasizes the importance of beginning with smaller real estate deals to gradually gain momentum and experience.Transition journey: From law to real estate, Jonathan shares his path into multifamily and hospitality sectors, offering valuable insights into his career shift.Unique approach: Jonathan discusses his strategy of acquiring neglected hotel properties in essential locations, focusing on value-add opportunities to revitalize assets.Capital raising insights: Gain valuable tips on raising capital for hospitality ventures, including building trust with investors and adapting to market dynamics.Navigating challenges: Learn how Jonathan navigates challenges in the hospitality market, including the impact of COVID-19 and variable cost structures, offering valuable lessons for aspiring investors.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedin: Tim MaiYouTube: Tim MaiConnect with UsTo learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com. Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/.To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.
President of Two Bridges Asset Management, Jonathan Twombly joins us to discuss leaving his job as a Wall Street lawyer in 2011 to invest full time. Since then, he has built and sold a multifamily portfolio in South Carolina, JV'd or co-GP'd on approximately $250,000,000 of MFRE deals, and recently began constructing a portfolio of […] The post The DJE Podcast #261 with Jonathan Twombly first appeared on DJE Texas Management Group.
It's time to make your investments work smarter, not harder, in this episode featuring Jonathan Twombly. Learn how to maximize returns on multifamily properties and get ready to revamp your investment strategy with game-changing insights tailored for the aspiring real estate investor. So, tune in! Key Takeaways To Listen For Business models and tips to help you establish your own RE business How to optimize returns on value-add multifamily properties An expert's opinion on the future of cap rates and interest rates Insider tips about the real estate hotel chain industry Key tips and resources for aspiring real estate investors Resources/Links Mentioned In This Episode Who Not How by Dan Sullivan and Dr. Benjamin Hardy | Kindle, Paperback, and Hardcover About Jonathan Twombly Jonathan, a seasoned multifamily real estate investor, collaborates with pre-qualified investors to enhance their investment portfolios with high-quality real estate. As the founder of Two Bridges Asset Management, Jonathan assists successful individuals, families, and trusts in diversifying their portfolios. The focus is on multifamily residential real estate, particularly in the rapidly growing southeastern US region. With a syndication model, Two Bridges allows pre-qualified investors to partake in the ownership of multifamily residential properties. These investments offer a unique combination of "equity-like" upside and "bond-like" security. His transition from a 12-year career as a corporate attorney equipped him with a keen eye for detail, creative thinking, and the ability to spot overlooked value. These skills now contribute to his success as a real estate investor. Connect with Jonathan Website: Two Bridges Asset Management LinkedIn: Jonathan Twombly Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/. Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554
Jonathan Twombly is a real estate investor and entrepreneur. He started his career in multifamily real estate before pivoting to focus on value-add independent hotels. Jonathan has a self-taught background in syndication and has successfully raised millions of dollars for his real estate projects. He is the co-founder of Two Bridges Asset Management LLC, a firm that specializes in acquiring and renovating independent hotels. Summary: Jonathan Twombly shares his journey from being a corporate lawyer to becoming a full-time real estate investor. After getting laid off during the financial crisis, Jonathan decided to explore real estate investment and eventually started his own business in multifamily syndication. He later transitioned into the hotel space, focusing on value-add independent hotels in New York and New England. Jonathan discusses the unique challenges and opportunities in the hotel industry, including the impact of short-term rentals like Airbnb. He emphasizes the importance of finding the right team and creating a unique guest experience in the hotel business. Key Takeaways: Jonathan focuses on value-add independent hotels in New York and New England. He started his real estate career in multifamily syndication after getting laid off as a corporate lawyer. Jonathan emphasizes the importance of having a strong network and raising capital before starting a real estate business. The hotel industry offers opportunities to turn around undervalued assets and create unique guest experiences. Short-term rentals like Airbnb are not direct competitors to hotels, and the hotel industry already factors in Airbnb's presence in the market. Jonathan believes that Airbnb may face more challenges and regulations in the future, potentially impacting its growth. Hotels have more flexibility in adjusting room rates based on demand, allowing for revenue management. Design and guest experience play a crucial role in the success of a hotel business. Jonathan's wife inspires him with her ability to execute projects and stay focused. Quotes: "I'm focused pretty much exclusively on value-add independent hotels." - Jonathan Twombly "I was very frugal when I was a lawyer… I had a few years of runway in the bank." - Jonathan Twombly "There's a whole generational change going through the independent hotel industry." - Jonathan Twombly "I don't really see Airbnb as being a threat… I think it may have peaked already." - Jonathan Twombly "In the hotel space, your costs vary more with your revenues than they do with multifamily." - Jonathan Twombly "You have to make this a place that people wanna go… create the appropriate environment." - Jonathan Twombly "Business is a long game… just keep pushing forward, even when you're not seeing the results." - Jonathan Twombly
It's difficult to create value when you do whatever everyone else is doing, and hard to find opportunities others haven't discovered. One such asset class in independent hotels is small, popular tourist towns. Many of these hotels are run by ma and pa operators who have antiquated operating processes and lack the resources to update their properties. By making simple adjustments to operations, and updating the physical premises, there's huge upside to these properties. Jonathan Twombly, Managing Member of Two Bridges Asset Management, is buying and improving independent hotels and achieving great profitability.
In this episode of The Passive Income Attorney Podcast, Seth discusses with attorney and investor Jonathan Twombly, about his transition from being a big law attorney to becoming a full time real estate investor. Jonathan focuses on how to play it safe on real estate investments for conservative people like attorneys or doctors sharing with us his transition. For him, the only risk is not investing and depending on one active source of income. Enjoy! “I have a fiduciary approach to investors, because I was trained as a fiduciary, and I really believe that my investors come first, if I have a conflict between my interests and their interests, their interests come first, and I take it really, really seriously.” ✈️ CONNECT | SETH BRADLEY:
In this episode of The Passive Income Attorney Podcast, Seth discusses with attorney and investor Jonathan Twombly, about his transition from being a big law attorney to becoming a full time real estate investor. Jonathan focuses on how to play it safe on real estate investments for conservative people like attorneys or doctors sharing with us his transition. For him, the only risk is not investing and depending on one active source of income. Enjoy! “I have a fiduciary approach to investors, because I was trained as a fiduciary, and I really believe that my investors come first, if I have a conflict between my interests and their interests, their interests come first, and I take it really, really seriously.” ✈️ CONNECT | SETH BRADLEY:
Jonathan Twombly is a real estate investor and a Managing Member at Two Bridges Asset Management. A former Wall Street lawyer turned entrepreneur, Jonathan leverages his many years of experience in multi-family real estate to help successful individuals, families, and trusts diversify their asset portfolios. For over a decade, his company has worked with pre-qualified investors to obtain income and achieve capital growth through investments in multi-family residential real estate in the fast-growing southeastern US. Jonathan is a Harvard University and Columbia Law School graduate and has lived in various places, including London, New York, and Japan. He is also the creator of Apartment Investors Club (AIC), a membership-based community exclusively for multifamily real estate investors. In this episode of the Smart Business Revolution Podcast, John Corcoran interviews Jonathan Twombly, a real estate investor and managing member at Two Bridges Asset Management, about how to invest in multi-family real estate. They also discuss entrepreneurs' challenges in building their businesses, Jonathan's criteria for finding and evaluating property in different markets, and why he bought a small rundown motel in upstate New York.
Have you considered the unique investment potential of small mom-and-pop hotels and the revenue boosts from improved operations? Jonathan Twombly, a multifamily real estate expert, delves into his shift from law to real estate, emphasizing the untapped potential of independent hotels. He discusses the emerging trend of hotel-to-multifamily conversions and the importance of hands-on management. Drawing from his experiences, he underscores the value of building a solid investor list and offers listeners a detailed guide on multifamily deal syndication. Learn more about ALTERNATIVE BUSINESS and INVESTMENT STRATEGIES through QUATTRO CAPITAL! LinkedIn: /TeamQuattroCapital Instagram: @TeamQuattroCapital Facebook: @TeamQuattroCapital Website: www.TheQuattroWay.com TikTok:@realestaterunwaypod [00:00 - 11:45] Jonathan Twombly's Investment Journey Jonathan Wombley of Two Bridges Asset Management joins to discuss his contrarian investment view and playing in the mom-and-pop hotel space Jonathan founded Two Bridges in 2013, building a portfolio in the Carolinas, which he sold in 2019, foreseeing market challenges New real estate operators should weigh risks and not just chase numbers; evaluating properties beyond mere financials is crucial Twombly's focus has shifted to the independent hotel sector [11:46 - 21:14] Strategic Dive into Modern Hospitality Jonathan stumbled upon a neglected hotel in upstate New York, seeing potential in its prime location He identified a trend: older hotel owners not maximizing their assets or utilizing modern technology Initial marketing efforts alone increased revenues by 20% Post-renovation, the hotel could command much higher rates [21:15 - 31:34] Innovative Financing and Tech Approach Jonathan targets unique non-branded hotels for travelers desiring distinct experiences Hotel management costs fluctuate with occupancy; technology benefits independent hotels Traditional bank financing is limited for hotels; Jonathan eyes seller financing and fund-raising The financial landscape hints at the difficulty of small loans and the benefits of a cash acquisition fund [31:35 - 40:17] Unlocking the Power of Connections and Value Recognition Jonathan excels in connecting individuals and has a vast reach within his network Jonathan stressed the importance of diversifying investor sources after facing a significant setback He introduced his "Ultimate Checklist" for those interested in multifamily deal syndication Resources Mentioned: The Ultimate Checklist to Buying Your First 100+ Unit Multifamily Property with Other People's Money - And Getting Paid to Do It! https://www.apartmentinvestorsclub.com/checklist/ Quotes: "You're never going to get chastised for taking chips off the table and posting a profit. Especially if you're a young operator, take that quick win and don't try to time it just right." - Jonathan Twombly "I remember very distinctly having this moment where I was trying to convince somebody to hire me for a job that I don't want. And I realized the answer was no." - Jonathan Twombly Connect with Jonathan through Linkedin or Go to his website: http://www.twobridgesmgmt.com LEAVE A 5-STAR REVIEW + help someone who wants to explode their business growth by sharing this episode. Find out how team Quattro can help you by visiting www.TheQuattroWay.com. Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton. Nectar: https://app.usenectar.com/quattro-capital Entity Keeper: Join the EntityKeeper community today to simplify the way you manage your entities and org charts while reducing manual errors. Easily organize corporate data, visualize ownership structures, store unlimited documents, and manage important filing dates with one secure solution. Click here to start simplifying your entity management with EntityKeeper now!
In this episode, seasoned real estate investor Jonathan Twombly takes us on a journey through the world of independent hotel investments. With over a decade of experience, he shares his insights on finding, renovating, and managing these unique real estate assets. Key Takeaways: Unique Opportunities in Independent Hotels: Independent hotels in smaller markets can often be found listed on platforms like LoopNet and Crexi, providing unique investment opportunities. Brokers specializing in these assets may list them on such platforms to broaden their reach. This accessibility can make finding these opportunities easier compared to larger, branded hotels. The Power of Hands-On Experience: To truly understand the hotel business, Jonathan emphasizes the importance of taking action and gaining hands-on experience. Learning by doing, making offers, walking properties, and engaging in real deals can provide invaluable knowledge and insight. Creative Strategies for Hotel Investments: Jonathan's experience showcases the potential for transforming older, undervalued properties into thriving businesses by applying creative strategies. He highlights the value of market research, renovations, and understanding the local economy to maximize revenue and returns. Jonathan Twombly | Real Estate Background Managing Member - Two Bridges Asset Management LLC Portfolio: One hotel Co-GP in 2,400 apartment units Based in: Brooklyn, New York Say hi to him at: apartmentinvestorsclub.com twobridgesmgmt.com LinkedIn Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Step away from your computer, and get out into the real world. You will learn multiples by taking action than you ever did from research. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com
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Jonathan Twombly transitioned from investing in multifamily to buying a hotel in wine country. Learn his insider secrets in today's episode. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Jonathan Twombly is President and Managing Member of Two Bridges Asset Management LLC. Before founding Two Bridges, he was a partner in the real estate investment firm TRB Investment Group LLC. He began his career as a lawyer and spent over a decade practicing in American Lawyer Top 100 firms, where he focused on real estate and hospitality matters. He holds a bachelor's degree from Harvard College and a law degree from Columbia University School of Law. He currently serves as a member of the board of directors of the Harvard Alumni Real Estate Organization, Inc., a non-profit. 3 Pillars 1. Consistency 2. Consistency 3. Consistency Books: Children of Ash and Elm by Neil Price You can connect with Jonathan at www.twobridgesmgmt.com or www.apartmentinvestors.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation
What is it like investing in a hotel? How is it different from investing in multifamily assets? Let's talk about it. Jonathan Twombly was an accomplished Wall Street lawyer before he entered the world of real estate. In 2011, he became a full-time multifamily real estate investor and eventually created Two Bridges Asset Management, an LLC helping aspiring investors achieve capital growth through multifamily investment opportunities. Jonathan was on our show hundreds of episodes ago, and a lot has happened in his business since then. In this week's episode, we talk about Jonathan's journey in the past eight years, including his challenges with investing in a different state, looking for new markets, buying a hotel, and so much more. Our conversation focuses on what it's like investing in a hotel, which Jonathan can give us a lot of insight into. We talk about gauging the potential value of a hotel (in terms of location and appeal), the underwriting process (and how it differs from multifamily investments), and the pros and cons of having a brand, among many other topics. KEY TAKEAWAYS 1. Coming out of partnerships can help you realize what direction you want to go. 2. Underwriting is more conservative for hotels than multifamily assets. 3. In hotel underwriting, the two main variables are the cost per room and the expected average occupancy rate throughout the year. 4. When it comes to boutique hotels, finding the right locations and catering to the existing markets is crucial. LINKS https://www.linkedin.com/in/jonathandtwombly/ https://twobridgesmgmt.com/ INVESTMENT OPPORTUNITIES Want to invest alongside Reed? All investments are 100% PASSIVE. Historical returns to accredited investors have ranged 18-31% annualized! To find out more, head on over to… www.reedgoossens.com
Our guest today is Jonathan Twombly, multifamily investor and founder of Two Bridges Asset Management LLC. In this episode, we talk about the current market, how to put together a successful deal, and how to elevate your investing game. Tune in and you'll walk away with deeper insights into today's market and the best ways to grow your investment portfolio. Learn more about Jonathan and his journey at reiclarity.com! “You're either dealing with a market where everybody is crazy for real estate and it's easy to raise money but hard to find deals, or the other way around, where it's easy to find deals, but very hard to find the money.” 03:11 Jonathan had a successful career as a lawyer in New York. He was always interested in real estate investing so when he lost his job after the financial crisis in 2011, he decided to jump into it full time. He started a syndication business with a partner who had more experience and his first deal was a 104-unit apartment building. Jonathan's advice on how to create more stability regardless of the current market: Always plan for the downside. Don't just think about how much money you can make, but also how you could survive if the market takes a turn for the worst. Have a strategy for vacancies. See how far down you could go before you're at breakeven with your debt and evaluate the risk. Build a good team around you. “There are no more emerging markets, everything is overvalued. What you should be looking for is markets with hidden value.” 16:06 Jonathan talks about the current real estate market. It's difficult to find good deals, however, people are willing to overpay for properties. Even though we have a tough market right now, Jonathan still believes in multifamily investing. He shares his best pieces of advice on how to get in the game and find good deals. Adjust your expectations. Have a long-term strategy, rather than just thinking about making money fast. Be very strategic. Think about what markets are out of favor right now. Instead of emerging markets look for overlooked markets with hidden value. Jonathan raises a lot of capital. He shares his method of attracting an audience. Create a platform that allows you to speak to a lot of people at the same time. This could be a podcast, Youtube channel, or Facebook Group. Invite people to your email list. Provide additional content and education to these people to build a relationship with them. When you have a deal, offer it to your engaged mailing list. “You don't have to have a billion dollars under management. You can do it at a much, much lower level and still have a different life and not have to work all the time.” 41:00 At the end of the episode, Jonathan picks action steps from the REI Clarity Framework that is the most valuable to him. These are “Find the Money” and “Build Your Team”. According to Jonathan, raising money is a big stumbling block for many new investors. He suggests educating yourself on how to correctly raise money and building a good network and team. Mentioned in the show: Multifamily Investment Community Facebook Group His LinkedIn https://twobridgesmgmt.com/ www.shineinsurance.com/reiclarity The REI Clarity Framework Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity. Special thanks to Jonathan Twombly for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: SUBSCRIBE to REI Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts While you there, please RATE & REVIEW the show SHARE with friends Finally, please, JOIN the REI Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the REI Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
Jonathan Twombly is the President of Two Bridges Asset Management LLC, a syndication firm in Brooklyn, NY. He is also the founder and leader of the Multifamily education platform, Multifamily Launchpad.
Jonathan Twombly, President and Managing Member of Two Bridges Asset Management LLC,works with pre-qualified investors to add high-quality real estate to their investment portfolios. He also recently started his multifamily mentoring program called the Multifamily Launchpad!He enables investors to participate in ownership of multifamily residential investment properties, which have been demonstrated over time to combine “equity-like” upside with “bond-like” security. Jonathan is one of the most well-learned persons in the multifamily space I know and I'm looking forward to his industry insights.[00:01 – 08:47] War-Stories from the Commercial LitigationJonathan talks about his background and funny stories from navigating deals in commercial litigation in his early career[08:48 – 14:15] Entering the Mentorship Space: Everyone Needs a Good MentorWhy Jonathan went into the mentorship space - helping people navigate the blindspotsJonathan's current activity in the market[14:16 – 24:23] Deals that Work; How to Find Cap Rates that Satisfy Everyone Jonathan's advice on making money as a syndicatorShort term projections on market correctionsHow emerging industries affect federal loans[24:24 – 31:32] THE FINAL FOURWhat's the worst job that you ever had?Being a lawyer; Lack of time freedom not worth the salaryWhat's a book you've read that has given you a paradigm shift?The War of Art by Stephen PressfieldWhat is a skill or talent that you would like to learn?Becoming a better SalesmanWhat does success mean to you?Having freedom and control over your timeConnect with Jonathan. Links available below. Tweetable Quotes:"When I got started doing deals myself, I just kept on getting blindsided by stuff that wasn't ever mentioned… So I wanted more people to be able to get these things, make it easier for them and also just make it better.” - Jonathan Twombly“Just because there's not a correction doesn't mean that you should necessarily be buying.” - Jonathan Twombly Resources Mentioned:Multifamily Launchpad You can connect with Jonathan on LinkedIn or at https://twobridgesmgmt.com/ to start getting more cash-flow in your investment portfolio. LEAVE A 5-STAR REVIEW by clicking this link.WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, orSupport the show (https://www.buymeacoffee.com/weissadvice)
Jonathan Twombly is the Founder of the Multifamily Syndication firm Two Bridges Asset Management LLC, Founded in 2013 based in Brooklyn, NY. He's also the Founder of the educational community Multifamily LaunchPad, which helps people learn everything they need to know to start right in multifamily syndication. He is a graduate of Harvard College and Columbia Law School.[00:01 – 07:50] Opening SegmentInsight into the episodeJonathan's backgroundCorporate Law careerGetting into real estate investing[07:49 – 19:27] Starting Right in Real EstateCurrent state of his businessSelling his portfolioLessons he learned from no properties to scaling and sellingFiguring out your numbers[19:28 – 21:21] Final Four SegmentJonathan's advice to aspiring investorsLearn how to underwriteHow he stays on top of his gameHis way to make the world a better placeReach out to our guest– see links belowFinal wordsTweetable Quotes:“You make money when you buy the property.” - Jonathan Twombly“Learn how to underwrite. That's a skill that's really going to help you.” - Jonathan TwomblyResources Mentioned: Two Bridges Asset Management LLC------------------------------------------------------------------------------------------Join Jonathan's Facebook Group at https://www.facebook.com/groups/MultifamilyInvestmentCommunityConnect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com
Jonathan Twombly is the Founder of the Multifamily Syndication firm Two Bridges Asset Management LLC, Founded in 2013 based in Brooklyn, NY. He's also the Founder of the educational community Multifamily LaunchPad, which helps people learn everything they need to know to start right in multifamily syndication. He is a graduate of Harvard College and Columbia Law School.[00:01 – 07:50] Opening SegmentInsight into the episodeJonathan's backgroundCorporate Law careerGetting into real estate investing[07:49 – 19:27] Starting Right in Real EstateCurrent state of his businessSelling his portfolioLessons he learned from no properties to scaling and sellingFiguring out your numbers[19:28 – 21:21] Final Four SegmentJonathan's advice to aspiring investorsLearn how to underwriteHow he stays on top of his gameHis way to make the world a better placeReach out to our guest– see links belowFinal wordsTweetable Quotes:“You make money when you buy the property.” - Jonathan Twombly“Learn how to underwrite. That's a skill that's really going to help you.” - Jonathan TwomblyResources Mentioned: Two Bridges Asset Management LLC------------------------------------------------------------------------------------------Join Jonathan's Facebook Group at https://www.facebook.com/groups/MultifamilyInvestmentCommunityConnect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com
Jonathan Twombly was previously a high paid attorney before he made the switch to real estate full time. On today's show he explains how he was let go from his previous job before deciding to go all into multifamily. We enjoyed deep diving into his thought process regarding the situation and how he was able to get into his first deal, how he structured it, some of the hardships he encountered, and what he learned from it. Tune in! Jonathan Twombly's Contact Information:Facebook Group- The Multifamily Investment Community With Jonathan Twombly
Jonathan Twombly was previously a high paid attorney before he made the switch to real estate full time. On today's show he explains how he was let go from his previous job before deciding to go all into multifamily. We enjoyed deep diving into his thought process regarding the situation and how he was able to get into his first deal, how he structured it, some of the hardships he encountered, and what he learned from it. Tune in! Jonathan Twombly's Contact Information:Facebook Group- The Multifamily Investment Community With Jonathan Twombly
In this episode of The Passive Income Attorney Podcast, Seth discusses with attorney and investor Jonathan Twombly, about his transition from being a big law attorney to becoming a full time real estate investor. Jonathan focuses on how to play it safe on real estate investments for conservative people like attorneys or doctors sharing with us his transition. For him, the only risk is not investing and depending on one active source of income. Enjoy! “I have a fiduciary approach to investors, because I was trained as a fiduciary, and I really believe that my investors come first, if I have a conflict between my interests and their interests, their interests come first, and I take it really, really seriously.” Check out www.passiveincomeattorney.com for the full show notes, more content and free passive income guide!
In this episode of The Passive Income Attorney Podcast, Seth discusses with attorney and investor Jonathan Twombly, about his transition from being a big law attorney to becoming a full time real estate investor. Jonathan focuses on how to play it safe on real estate investments for conservative people like attorneys or doctors sharing with us his transition. For him, the only risk is not investing and depending on one active source of income. Enjoy! “I have a fiduciary approach to investors, because I was trained as a fiduciary, and I really believe that my investors come first, if I have a conflict between my interests and their interests, their interests come first, and I take it really, really seriously.” Check out www.passiveincomeattorney.com for the full show notes, more content and free passive income guide!
Target Market Insights: Multifamily Real Estate Marketing Tips
Picture being the sole breadwinner for your family and then losing your job. How would you feel? What would you do? Are you positioned to absorb this type of hit? Jonathan Twombly is president of Two Bridges Asset Management LLC. He began his career as a corporate lawyer and focused on real estate and hospitality matters. In 2011, he was let go from a job that paid him over $300,000 and he says it was one of the greatest things to happen to him. He focused on real estate investing and created his company Two Bridges Asset Management. He built a portfolio of apartments in the Carolinas and as the market heated up, he decided to pull back on acquisitions. He’s focused on building his investor base to prepare for new deals and is seeking distressed opportunities. In this episode, Jonathan shares how he was able to have success as an apartment syndicator. He also shares where he sees opportunities in today’s market, mistakes new syndicators make, and how Jonathan grew his Facebook community to over 11,000 members. Partner: Text: “EQRP” to 72000 and receive a special eQRP report on taking control of your retirement money Insights on Finding the Best Real Estate Deals From a corporate lawyer on Wall Street to real estate syndicator Getting let go from my job was one of the best things that ever happened to me because everything became a possibility. Getting out of the proverbial golden handcuffs of a good paying W2 job Keeping up with the Jones’ will not help you towards your financial freedom I’m not motivated by having more, but by how far out can I extend my freedom window. Creating time freedom through real estate investing Launching his syndication company Two Bridges Building an investor base for future deals The syndication market today, and where Jonathan finds good deals The number one mistake new syndicators make If you overpay, you set yourself up for real pain if anything goes wrong. What to look for when analyzing a deal How to determine whether a real estate syndicator has their investors best interests in mind Syndication properties that are safe bets during COVID You can’t focus on upside in this market, you have to be thinking about the safe thing to do with your investors' money. How Jonathan grew his Multifamily Investment Community group on Facebook with 11,000 members Multifamily Launchpad, an easily accessible, high quality coaching program Partner: Download our Sample Deal Package Bullseye Round: Apparent Failure:I made a lot of mistakes on my first syndication deal, and it became a nightmare. I learned so much more doing that deal than through any of my best deals. Digital Resource: ConvertKit (Email software) Most Recommended Book: The War of Art (Steven Pressfield) Wish I Knew When I Was Starting Out: How to build an audience and raise money. If you find a great deal, the money will find you, is not true. Daily Habit: The 90-Day Year planning system Best Place to Grab a Bite in Brooklyn, NY L&B Spumoni Gardens Contact Jonathan: Two Bridges Management Multifamily Launchpad Multifamily Investment Group (Facebook Group)
There are more real estate investors in the game that ever, which means there are even more ways to finance deals, but educating yourself on what the process looks like and how to structure deals is really important. Today's guest is Jonathan Twombly, who has some tips for financing a multifamily deal the right way. Jonathan is a full-time multifamily real estate investor, popular BiggerPockets commenter, host of the Real Estate Launchpad Podcast, and creator of Multifamily Launchpad, the only membership-based learning community just for multifamily real estate investors. In this episode, Jonathan explains how he went from a corporate W2 to full-time real estate investor, how he got financing for his first deal, the pros, and cons of agency debt versus MBS loans, and why he is more nervous now that easier lending is driving prices up. We also discuss cap rate and how it equates to risk, interest rates, and debt and leverage constraints, as well as the dangers of financial engineering on lower-class deals, a greater pool of undereducated, accredited investors thanks to the inflation of salaries, and the risks of pref equity. Tune in today!
Multifamily Investing the RIGHT Way with Multifamily Attorney Charles Dobens
Jonathan Twombly was a real estate litigation lawyer for 6 years (of a law career of 12 years) before moving into real estate investing full-time in 2011. He founded Two Bridges Asset Management LLC in 2013. They have done a number of syndications of 100+ unit assets in South Carolina, but sold their entire portfolio in 2019. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/
In this episode the Cashflow Kings dive deep with Jonathan Twombley.Jonathan is a savvy investor with vast knowledge of the syndication world. Jonathan shares insights related to how he got started and began uncovering the right deals.
On this episode of Tech Guys Who Invest, we talk to Jonathan Twombly! Jonathan is a successful multifamily real estate investor, who transitioned to that after working a day job as a high powered NYC lawyer. He has been saying there will be a market correction for months and sold all of his apartment assets in 2019. Jonathan teaches others how to invest in multifamily real estate and he shares a lot of very valuable lessons on this episode! To view full show notes, head on over to tgwipodcast.com/jonathan-twombly
Jonathan Twombly is the president of Two Bridges Asset Management LLC, a multifamily syndication firm in New York City specializing in assets in the Southeastern United States. Jonathan is also the founder of the Multifamily Launchpad coaching platform. He's a graduate of Harvard College and Columbia Law School, a former national board member of the Harvard Real Estate Alumni Organization, and former President of the Entrepreneurs Organization - Brooklyn Chapter. In the episode, Jonathan shares his diverse "trying" experiences with full lifecyle of purchasing their first large multifamily syndication, and the importance of various aspects of asset management and managing the property managers.
In this episode, Jonathan interviews Jonathan Twombly on his transition from being a corporate attorney to a full-time multifamily Real Estate investor. He has a tremendous passion for educating people and is focused on helping others build up their investment portfolios. In this episode we uncover what it is like to get started coming from the lawyer world, taking action as a newbie investor, the importance of educating yourself, and more! What I learned at the beginning to get those larger deals 26:50 - 29:22 Learned the entire due-diligence process Worked with a due-diligence consultant Getting a deep understanding for syndication Looking at the multiple deals and properties Got a tremendous education doing the whole entire process to purchase a property Talked to a lot of people in the industry to understand what resonates with people to have a successful business Advice on raising capital 35:13 - 37:19 If you find a great deal, the money will come = Misconception You have to build a network ahead of time and doesn't happen overnight Fundraising process starts long before the deal is found Taking action as a newbie investor 42:20 - 50:30 You should get educated first and don't just jump right into it Finding a mentor is always a plus Talk to brokers and go on a listening tour Understand the market before you talk to that broker Read the broker packages and what deals they have done in the past Get a personal introduction to that broker Ask intelligent questions to the broker Let the person talk about themselves the whole time to leave a good impression Look at properties Talk to investors and explain what you are looking for Partner with other people on investing Find a complementary partner How to bring value to Jonathan: Help organize in-person events for meetups Join his free FB group and get to know him and other 9,000 members Resources: https://monday.com/ Social Links: Two Bridges Asset Management LLC Company Website: https://twobridgesmgmt.com The Real Estate Launchpad Podcast: https://podcasts.apple.com/us/podcast/real-estate-launchpad-ultimate-toolkit-for-multifamily/id1417589201 The Multifamily Investment Community Facebook Group: https://www.facebook.com/groups/MultifamilyInvestmentCommunity Learn from Jonathan and great resources: https://multifamilylaunchpad.org/
Have you ever bought a portfolio with an exit plan already in mind? The guest for this episode did, and he is going to tell you all about it. Host, Dan Handford, sits down with Jonathan Twombly, Managing Member of Two Bridges Asset Management LLC and Host of the Real Estate Launchpad podcast. Here, Jonathan lets us in on the portfolio deal that he exited, which consists of four assets, B and C class assets, 404 units in total located in the Greenville-Spartanburg area. He shares the process that he went from acquisition to disposition and offers some helpful tips for those who want to exit on their assets. Jonathan also talks about his strategies and explains what CMBS means and what it entails. Going further, he then shares the biggest challenge as well as the success he faced throughout the process.
Have you ever bought a portfolio with an exit plan already in mind? The guest for this episode did, and he is going to tell you all about it. Host, Dan Handford, sits down with Jonathan Twombly, Managing Member of Two Bridges Asset Management LLC and Host of the Real Estate Launchpad podcast. Here, Jonathan lets us in on the […]
In this episode Ryan talks with Jonathan Twombly, an optimistic yet cautious Multifamily Real Estate investor. The market is at an all-time high and appears to show no signs of slowing down, so where should you put your money? There are ALWAYS deals, and no matter what shape the real estate market is in, it is important not to forget the criteria for what makes a great deal.
Failure and mistakes are inevitable when undertaking a new venture. For some people, these bumps in the road deter them from continuing their journey. But for others, these are simply opportunities to dust themselves off, get back up, and start again. Our guest today, Jonathan Twombly, is someone who has taken every lemon and turned it into lemonade. Jonathan was dealt blow after blow for the first two years of being in syndication. Logically, he should have thrown in the towel, yet he remained as determined as ever.
You know it's coming, right? The recession. The one you've probably heard about on other podcasts, read about on Bigger Pockets posts, and talked about with other investors at your local REIA. Assuming you have, then the question becomes - how exactly are YOU going to weather it? Especially if you're new to REI. Our guest in this episode (Jonathan Twombly) covers that, along with...Witchcraft and Tomahawaks? Yes and it makes total sense too. Hear why by clicking "Play" in iTunes now!
In this episode, you will learn: When to stop investing in multifamily How sitting on the sidelines and waiting is sometimes a good strategy Key metrics that show an overpriced multifamily market How to understand the risks of investing in multifamily How to build an investor base using social media and podcast Why being conservative in underwriting is necessary What do be aware of when considering an exit strategy How to use the waiting time to build a platform before it's too late And so much more! You can connect with Jonathan on his Facebook pages at Multifamily Investment Community https://www.facebook.com/groups/MultifamilyInvestmentCommunity/ Multifamily Launchpad https://www.facebook.com/groups/MultifamilyLaunchpadPrivate/ MultifamilyLaunchpad.org/ultimate-checklist The Ultimate Checklist to Syndicating a Deal Raising Money Summit use promo code "PODCAST" to save money on your ticket.
3 golden nuggets: 1) Pay attention to the market, and be flexible with your business plan if it is prudent to do so 2) Don't think you can build a great business all by yourself 3) Don't wait for perfection before you start marketing your business Mark your calendar for the Northstar Real Estate Conference, September 20-21, 2019. Enter discount code “DEX” to get $100 off your ticket: https://www.eventbrite.com/e/northstar-real-estate- conference-tickets-60289848560?aff=Todd1 Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ
Jonathan Twombly spent 12 years as a corporate attorney for some of the most prestigious law firms in New York, Boston, and London, before switching tracks and becoming a full-time real estate investor and syndicator. Now, Jonathan is the owner of Two Bridges Asset Management and his attention to detail, creative thinking, and tendency to notice overlooked connections has had a huge impact on his returns, as well as those of his investors. Today we'll discuss how Jonathan chooses his partners, and why you shouldn't treat your partnership like a marriage. You'll also learn how Jonathan overcame some setbacks early on when his deals didn't pan out, and how he spent three years chasing opportunities before completing his first deal. Jonathan also shares tips on working with attorneys, how he presents his opportunities and tells the story of the deal, what it means to have a fiduciary responsibility to your investors, and his outlook on the multifamily and apartment market. Jonathan also hosts the Real Estate Launchpad podcast (I was a guest on episode #28), and can be reached through his website & Facebook page: https://realestatelaunchpad.net/booster/ Multifamily Investment Community (Facebook)
We’re all familiar with John Lennon’s famous quote “Life is what happens to you while you’re busy making other plans.” Jonathan Twombly encountered just this when faced with the decision to SELL off his ENTIRE portfolio. In today’s ever changing market, Jonathan was met with an unexpected realization: his business strategy had achieved it’s goals in half the time expected. The TIME did not align with the PLAN. But did the numbers? Faced with the moral dilemma of the BEST interest of his INVESTORS or making an uncharacteristic and non-traditional business strategy SHIFT, Jonathan shares with us how to realize IT’S TIME. Listen along to LEARN and appreciate that SUCCESS comes with RESPONSIBILITY, and to hear a piece of ADVICE from a man that knows how to BUILD on this success with FORWARD thinking! Jonathan’s Bio: Jonathan Twombly is the owner of Two Bridges Asset Management LLC, host of the Real Estate Launchpad Podcast, owner of the Multifamily Investment Community group on Facebook, and a national board member of the Harvard Real Estate Alumni Organization, Inc. Jonathan spent more than a decade as a Wall Street lawyer, working on eight-, nine-, and ten-figure “bet the company” litigation in a number of high profile cases. In 2011, he co-founded the multifamily investment company TRB Investment Group LLC, and in 2013, he went out on his own to found Two Bridges Asset Management LLC, which now holds approximately $26,000,000 of multifamily real estate. Jonathan is a graduate of Harvard College and Columbia Law School. How to Contact Jonathan: Website: https://twobridgesmgmt.com/ Email: twombly@twobridgesmgmt.com Facebook: https://www.facebook.com/groups/MultifamilyInvestmentCommunity/
Panel: The State of the Early 2019 Multifamily Real Estate Investing Market – Jonathan Twombly, Jeremy Roll, Dino Pierce, Josh Welch, James Eng
Bulletproof Cashflow: Multifamily & Apartment Investing for Financial Freedom
Jonathan Twombly is a multifamily syndicator who has built a multi-million dollar real estate portfolio. He has made his selections with a combination of picking the right markets and strong underwriting. Prior to entering the multifamily space, Jonathan built a career as a successful real estate attorney, practicing in top law firms for over 10 years. Today, he helps investors diversify their investment portfolios, obtain income, and achieve capital growth through investments in multifamily real estate. He also helps other syndicators succeed through a very active real estate mentoring Facebook Group, offering guidance and advice to real estate entrepreneurs around the globe. In this episode, we dive into market cycles. He explains what he and other real estate pros are seeing in the markets and what he expects to happen next. For more information on the report Jonathan discussed, go to: https://blackcreekgroup.com/insights/
Full show notes at https://capitalism.com/ D-Class properties can appear to be an unattractive asset class to many investors. But while they can often seem risky, the requirement for low-income housing continues to rise in America, and with the right property management strategy they can be highly proffitable investments. Listen to today's show to hear how Tyler Sheff has successfully invested in D-Class multi-family properties. He explains how to find these D-Class property opportunities in the first place, how making changes that improve the lives of your tenants increases profit over time, and what to look out for in these alternative assets. Key Takeaways What D-Class properties are and why they are a good investment opportunity Converting D-Class properties into a safe, clean places to live How making the lives of these marginalized tenants better can also be profitable Connect with Tyler Sheff Hear more from Tyler at cashflowguys.com. On Facebook On Twitter On LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn --> Subscribe to the Capital Gains Podcast on Apple Podcasts
Full show notes at https://www.capitalism.com/ Justin Cooke used to build online businesses himself. But after selling some in an effort to scale up profits in his line of work, he stumbled into a new field: creating and managing a marketplace for buying and selling the type of businesses he had been making. Through his Empire Flippers marketplace, Justin connects sellers of online businesses with buyers. It’s a business that is still in its infancy as the market for the trading of online businesses - sources of passive cash flow for savvy investors - continues to grow. Taking a number of cues from real estate, Justin shares with us the past, present, and future of online businesses as investments. Key takeaways: Online businesses can be a great investment for wealth growth Trading in online businesses as assets is like trading in real estate The market is in its infancy, with lots of exciting growth ahead Connect with Justin Hear more from Justin at https://empireflippers.com/podcasts/. On Twitter On Facebook On LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn --> Subscribe to the Capital Gains Podcast on Apple Podcasts
Justin Cooke used to build online businesses himself. But after selling some in an effort to scale up profits in his line of work, he stumbled into a new field: creating and managing a marketplace for buying and selling the type of businesses he had been making. Through his Empire Flippers marketplace, Justin connects sellers of online businesses with buyers. It’s a business that is still in its infancy as the market for the trading of online businesses - sources of passive cash flow for savvy investors - continues to grow. Taking a number of cues from real estate, Justin shares with us the past, present, and future of online businesses as investments. Key takeaways: Online businesses can be a great investment for wealth growth Trading in online businesses as assets is like trading in real estate The market is in its infancy, with lots of exciting growth ahead Connect with Justin Hear more from Justin at https://empireflippers.com/podcasts/. On Twitter On Facebook On LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn --> Subscribe to the Capital Gains Podcast on Apple Podcasts
Charles Hugh Smith wonders if we will have enough paid work in the future, and what will happen if we won’t. Automation is becoming more and more widespread, but does it offer a sustainable economic model for the future? Today’s episode of Capital Gains offers a glimpse of Charles’ provocative alternative system, as well as his thoughts on what the smartest investing approach is to an economy attacked by massive deflation. As an investor, you have to ask yourself what’s tradable and what’s not. In the future, there will still be an economy for high-touch value services that AI cannot provide. Learn from Charles Hugh Smith what the advantages of cryptocurrencies are and choose to be an active, disruptive participant. Full show notes at http://capitalism.com Key takeaways: Where should investors put their money before automation takes over Key advantages of cryptocurrency A promising alternative economical system Connect with Charles Hugh Smith On Facebook On Twitter On Linkedin Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn --> Subscribe to the Capital Gains Podcast on Apple Podcasts
Investing in real estate for the first time can be daunting. But with expert advice, there’s no need to go in blind. On today’s episode of Capital Gains, we are joined by Joe Fairless, real estate investor and host of the world’s longest-running daily real estate podcast “The best real estate investing advice ever”. Joe will be sharing his advice for taking the leap into multi-family investment properties, and how to choose the right investment options for you. Key takeaways: How to move from single-family homes to multi-family property investments How master lease investments can be beneficial The key to knowing where to invest Investing in a value-add property The best real estate investing advice ever Connect with Joe Fairless You can tune in to Joe’s daily podcast at www.joefairless.com Joe Fairless on Twitter Joe Fairless on Facebook Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn --> Subscribe to the Capital Gains Podcast on Apple Podcasts
Real estate investment is in an awkward time at the moment. There have been great returns for the past eight years, but there is now a lot more volatility. With many investors predicting an impending correction or recession, is now really a good time to be putting money into real estate? On this episode of Capital Gains, we’re joined by the managing principal and co-founder of Alpha Investing, Ross Reagan. He explains how his company helps clients find real estate investments that stay valuable even in a downturn. He also shares how senior homes and self-storage are the investments to be making—if you want your investments to be recession-resistant. Having built Alpha Investing from the point of view of an investor, Ross and his team give all of their clients the personal touch. Building trust in relationships has helped Alpha Investing to grow organically. Hear how you can make your first investment into this space, and how you can make cash flow no matter what the market does. Key takeaways: Investing for an impending economic downturn Senior housing and self-storage as recession-resistant investments Building trust between investors and investment managers Connect with Ross Reagan Go to www.alphai.com for more information on private equity real estate investments. Ross on LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
First-time investments can be daunting, especially for the risk adverse. But understanding the real estate market and the types of investments available will help you make the best choice. On today’s podcast Capital Gains host, Jonathan Twombly, is interviewed by Okeoma Moronu for The Happy Lawyer Project podcast. Jonathan shares his insight into the real estate market and how you can make a safe, sound investment that, given a little time, can offer a great return on investment. Key takeaways: The benefits of real estate investment Is buying a home a good real estate investment? The difference between an active and passive real estate investment Making an investment as part of a syndicate What return can you expect from real estate investment? Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn Connect with Okeoma Moronu Find more episodes of The Happy Lawyer Project podcast at TheHappyFamilyLawyer.com On Twitter On Facebook On YouTube On LinkedIn
Full show notes at https://capitalism.com/can-control-investments-financial-freedom-w-jake-stenziano-gino-barbaro/ When Jake and Gino met in 2010, Jake was working in pharmaceutical sales and Gino was running a restaurant. They both knew they could do more. After discussing their mutual interest in real estate investment, they came together to make a partnership. In this episode of Capital Gains, Jake and Gino discuss why multifamily apartments are the best investment option if you want control over your assets, the three aspects of investment which you have to get right, and how to source the best deals. They knew when they started that they wanted to create wealth and gain financial freedom. By building their business over the past few years, they have both reached a point where financially they don’t have to work, but they love doing it. Discover how to make huge gains in multi-family investments by listening to the podcast, and hearing how Jake and Gino have done it. Key takeaways: Why you have more control over your investment with multi-family apartments The three things you have to do right when investing How to source multi-family investment deals Connect with Jake and Gino Visit Jake and Gino’s website at www.jakeandgino.com. On Facebook On Twitter On LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
There are plenty of traditional long-term investment opportunities out there, but where do you look for something different? Is it possible to invest without paying the fees for an active manager? Global X Funds has a solution which allows you to personally track your investments using Exchange Traded Funds (ETF). It is the latest technology within asset management. In this episode of Capital Gains, we talk to Jay Jacobs, Global X Funds’ Director of Research. He tells us how picking an asset class isn’t the only option you have as an investor. They look at themes and trends, diversify the pool your investment goes into, and generate a huge profit for you. Their approach throws out the rigid grid of asset classes and looks at what themes will be disrupting the economy over the next couple of decades. Listen to how you can change the way you invest and don’t forget to subscribe for more great content on making the most of your money. Key takeaways: Exchange traded funds - the latest technology within asset management Investing in themes based on demographics How analyzing data can predict future profit Connect with Jay Jacobs For more information on Global X, head to https://www.globalxfunds.com/research/ Jay Jacobs on LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
Blockchain is the technology behind cryptocurrencies and allows any two parties to send and receive money and value without the need for intermediaries. In this fast-growing market, how do you identify the true investment opportunities over all the hype? William Mougayar is an investor, researcher, and advisor who is an expert in blockchain and cryptocurrencies. In this episode of Capital Gains, he explains why you shouldn’t believe everything you read and discusses the two major players - Bitcoin and Ethereum. Hear how blockchain is less risky than our regular banking system, and William’s predictions on the future of currency worldwide. Key takeaways: Removing intermediaries from transactions with blockchain technology The financial growth of the blockchain market Bitcoin vs. Ethereum - the two dominant blockchains and investment implications Connect with William Mougayar For more information on making the right investment decision with cryptocurrency, go to William’s blog at http://startupmanagement.org/blog/ William Mougayar on Facebook William Mougayar on Twitter William Mougayar on LinkedIn William Mougayar on Medium Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
Michael Blank believes in the law of the first deal. Once your first deal is done, the second and third come easily. On this episode of Capital Gains, he explains why multi-family properties are like an ATM machine. It doesn’t matter how much you earn or how much you have in the bank, the key to being financially free is to generate a large passive income. Michael talks about how to achieve this, and how he is coaching others to as well. When he was in his mid-30s and working in the software industry, he read Rich Dad Poor Dad and it shifted his entire mindset. He threw away his career and started focusing on earning a passive income from real estate. Michael began by flipping houses, but his big idea was restaurant franchises. His idea was to plow his net worth into restaurants, but it didn’t go well. He lost 95% of his net worth, and describes that time as a “very painful process”. He calculated that he would need 50 houses to make a great passive income. That was too many transactions. Michael reevaluated his strategy and started focusing on multi-family, and made his first deal in 2011. Key takeaways: The law of the first deal: Once your first deal is done, the second and third come easily Why multi-family properties are like an ATM machine Real estate investment without the tax burden through IRAs Connect with Michael Blank Head over to Michael’s website for more information and coaching on investing in multi-family properties: http://www.themichaelblank.com/ Michael on Facebook Michael on Twitter Michael on YouTube Michael on Google+ Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
If you haven’t yet invested in commercial real estate, there’s a huge cash flow which you could be missing out on. Real estate has been a cornerstone of wealth generation for a long time, which is what prompted Jilliene Helman to create RealtyMogul.com. It is now possible to make a generous passive investment without being an accredited investor thanks to the technology which Jilliene has developed. Realty Mogul came from a belief that more people should have access to commercial real estate, and since being established five years ago they’ve grown to a marketplace of 125,000 investors and have completed $300m in transaction volume. How do you take the first step into this kind of investment? Jilliene and her Investor Relations team have one on one communication with investors to help you, and she shares with us some advice on how to make a big return from commercial property. Key takeaways: What is passive commercial property investment? The growth of crowdfunding Market trends and advice to commercial real estate investors Connect with Jilliene Go to RealtyMogul.com for more advice on moving into commercial real estate investment and to sign up for your free account. Jilliene on Twitter Jilliene on LinkedIn Connect with Jonathan Twombly Find more great content from Jonathan at www.twobridgesmgmt.com. Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn -> Subscribe to the Capital Gains Podcast
Entrepreneurs looking for lucrative and impactful investments have an opportunity to solve the mortgage crisis and make massive gains. Serial entrepreneurs Rick Allen and TJ Osterman are seizing that opportunity. They believe in this real estate investment strategy so much that they’ve built an online tool to help other investors get in the game. In this episode of the Capital Gains podcast, Rick and TJ show how it’s achievable by detailing their own success and explaining the process for other investors who want to enter this lucrative market. Why Invest In Non-Performing Mortgages? For the past five years, they have been purchasing non-performing mortgage loans and returning double-digit profits. Not only that, they have given low-income families the opportunity to keep their homes removing the stress and low confidence that comes with being on the brink of a foreclosure. Purchasing these seemingly unattractive loans is an opportunity that more and more investors are exploring, and there are educators, resources, and technologies which open the world up to anyone interested in moving into this attractive space. But, how easy is it to get into? Rick and TJ talk to us about the strategy, how to make that strategy successful for you, and making social responsibility a component of your business. Earning A Substantial Yield from Untapped Inventory Five years ago, Rick and TJ were offered the opportunity to purchase their first small balance mortgage loan when a bank agent called them and asked if they wanted a frame duplex. The property had $100,000 of debt attached to it, but they took a chance and bought it for $8,400. The first five properties they invested in within this market went so smoothly, they couldn’t believe how easy it was. They were contacting borrowers and offering to take their vacant properties off their hands, arranging foreclosure agreements, and paying them for their time. In one case Rick and TJ acquired a vacant property from a lady who was happy to hand over the keys in lieu of foreclosure. They gave her $100 for her time and sold the property for $28,000. From contacting the borrower to selling the house, the whole process took 15 days. The discounts on a mortgage note can range anywhere between 20-50% and can cost from $25,000 to $150,000. Why are the discounts so big? Because no institution has the ability to handle them. The discounted purchase of the mortgage means that Rick and TJ are able to offer a lowered rate for the borrower. In this episode of the podcast, they say that they have sometimes initially been out of pocket as they work to build the trust with the borrower. But because of the cut-price they paid out, in the beginning, they are able to create an affordable home for the borrower and still make a double-digit profit from their investment. Creating Affordable Home Payment Plans For Struggling Americans Rick and TJ soon learned that the reward from investing in mortgage notes was more than just financial. The unexpected but emotional impact of helping buyers to keep their homes was huge. Rick and TJ are passionate about their business because it has the ability to improve the lives of thousands of homeowners. That’s why they launched paperstac.com. Rick and TJ created paperstac.com to help people find buyable mortgage notes. With around $400bn of unpaid principal balance non-performing loans still waiting unclaimed, it’s a market with massive financial and emotional gains to be had. Borrowers have had the fear of losing their home hanging over them, and investment serves as an opportunity to remove that fear with an affordable housing plan. The pair has the goal of saving 10,000 low-income family homes in the future. Learn more in this episode of the Capital Gains podcast. Connect with Rick and TJ Visit CloudCapitalManagement.com for more information on their fund if you are interested in learning more as a passive investor. Check out Paperstac.com where you can buy and sell mortgage notes and learn more about what’s available. More to come soon on the Money With Meaning website: mwmfund.com Richard Allen on LinkedIn Richard Allen on Facebook Richard Allen on Twitter TJ Osterman LinkedIn TJ Osterman on Twitter Papterstac on Twitter Connect with Jonathan Twombly at www.twobridgesmgmt.com Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
If you want to build assets like the wealthy do, you need to understand how they do it. One of the primary vehicles used is real estate, but there are many others. Jonathan Twombly is Ryan's guest on this episode of Freedom Fast Lane and he shares some of the things he's learned hosting the Capital Gains podcast. There are very successful people investing in everything from website flipping, to Bitcoin, to the cannabis industry. You'll enjoy hearing the creative ways that people are building assets and building wealth as a result, on this episode. What is a real estate syndication and why is it useful? Those who have money to invest but don't have either the inclination or the time to find and research real estate deals in which to invest their money often go to a company like Two Bridges Asset Management, the company today's guest, Jonathan Twombly runs. Jonathan's company specializes in finding and organizing specific types of apartment building investments and inviting investors into the deal. They typically see 6 to 7 percent returns for their investors and are very particular about the kind of deals they will try to arrange. You can hear how Jonathan structures these syndications, on this episode of Freedom Fast Lane. Making money by creating value. The company Jonathan Twombly runs, Two Bridges Asset Management specializes in real estate syndication deals. It's a way to structure a real estate purchase that enables many people to invest through assets such as apartment buildings. But Jonathan's company typically doesn't have its own money in these deals. Instead, his team works to make the deal happen, keep it rolling, and realize the returns investors are hoping for. He says that he's creating value for everyone in the deal, which in turn makes him a profit. The lesson? If you are able to bring together people and create opportunities for them to make money, you may be able to make your money in the process. He normally builds assets, but right now he's waiting. During this conversation, Ryan asked Jonathan Twombly what he and his company are investing in right now. He said they aren't investing at all. In Jonathan's mind, the skyrocketing market can't continue forever and he believes that getting himself into a position to take advantage of an eventual market downturn is the best thing he can do right now instead of getting into a deal at the height of the cycle. On this episode, you can hear Jonathan explain why he's taking a break from investing presently and what he's doing to be prepared for the time when he will invest again, so be sure you listen. Real estate is usually the first thought when building assets. But it's not the only game in town. As host of the Capital Gains podcast, Jonathan Twombly has had some pretty interesting conversations with people who build assets in a variety of ways. He's spoken with people who invest in precious metals, others who purchase, improve, and flip websites, some who are investing heavily in cryptocurrencies, and still others who are building companies to support the burgeoning cannabis industry. If you want some ideas about how you can build assets that don't have to do with real estate, Jonathan has some insights for you on this episode. Outline Of This Great Episode [0:24] Ryan's invitation to follow what's going on at www.Capitalism.com [1:10] Intro to this conversation with Jonathan Twombly. [4:40] Jonathan's 60-second intro to his company and himself. [5:41] An example of what a real estate syndication might look like. [9:25] Why it takes value to make money. [11:08] Why Jonathan and Ryan don't like Marco Rubio. [13:26] Does Jonathan see political policies impacting his investment decisions? [15:25] Some of the most interesting ways Jonathan has heard of people making cash. [18:10] How do the rich invest their money most often? [24:11] Jonathan's thoughts about Bitcoin and other cryptocurrencies. [27:26] What is Jonathan buying right now? [30:35] The next business downturn and what to do now to prepare. [32:19] Jonathan's advice to those looking to invest their profits. [35:56] What Jonathan is aiming to do with the Capital Gains podcast. Action Steps From This Episode FOR GETTING STARTED: Be patient. The time is coming when the rapidly rising markets are going to come down. Those who are ready to invest when that happens will be the ones who are in the best position. FOR GREATER SUCCESS: Keep in mind that it takes value to make money. If you are able to bring together people and create opportunities for them to make money, you may be able to make your money in the process. Connect With Today's guest: Jonathan Twombly Jonathan's company: Two Bridges Asset Management Jonathan on LinkedIn Jonathan on Twitter Resources Mentioned On This Episode www.Capitalsim.com The Capital Gains Podcast www.FreedomFastLane.com/bootcamp Connect With Freedom Fast Lane Website: www.FreedomFastLane.com On Youtube On Facebook On Twitter On Google Plus On LinkedIn On Instagram Subscribe to Freedom Fast Lane Subscribe to the Freedom Fast Lane Podcast with Ryan Daniel Moran
If you want to build assets like the wealthy do, you need to understand how they do it... The post How to Build Assets, Invest in Syndications, and Prepare for a Downturn, with Jonathan Twombly appeared first on Freedom Fast Lane.
Jonathan Twombly used his reputation, networking skills, persistence and smarts to start his own real estate investing company that now controls over 230 apartment units. But he had some issues along the way. First, he lost out on two deals days before closing because the financing fell through. That was a very costly hiccup. Learn how he overcame it and what he learned from the experience. Listen to hear his best advice ever!
Welcome to the Capital Gains podcast! I'm your host, Jonathan Twombly. Today's guest is Scott Meyers, the owner of Self Storage Investing. Scott has an amazing story having worked his way up from buying $30,000 houses to bigger multi-family deals and then into self storage. Scott is now one of the countries leading experts on self storage investments, with a portfolio of more than 4,000 units around the country. Tune in to this great episode and more at Capitalism.com!
Welcome to the Capital Gains podcast with Jonathan Twombly. Today's guest is Christie Pitts, a venture development manager at Verizon Ventures. Christie talks about corporate venture capital and how it differs from traditional venture capital. In particular, she explains, corporations seek to invest in early-stage companies were the deal not only makes sense from a financial perspective but the target company is a strategic fit with the corporation's overall business interests. Listen to the Capital Gains podcast each week at Capitalism.com.
Medical marijuana is big business. Or at least it’s going to be. Think back to what happened to the alcohol industry once prohibition was lifted. Many companies sprang up overnight and the financial boom it was for smart investors was unheard of. The medical marijuana industry is poised to present a similar opportunity - only this time it offers an additional bonus - the use of cannabis as medicine is truly helping people (unlike alcohol). On this episode, Jonathan Twombly chats with Asher Troppe of Tress Capital about the opportunities that exist now and others that are coming as cannabis is becoming legal across the United States and even the world. Isn’t it just pot? Or is there really such a thing as medical marijuana? It’s easy to be skeptical about something that has come on the scene as quickly as the legalization of marijuana has. And with recreational use being pushed forward right alongside the medicinal uses it’s no wonder the average American is slow to accept the idea. But research and actual case studies are showing significant medical uses for marijuana that can’t be denied and those who are interested in investing in things that truly help others have an opportunity to both help and profit financially at the same time. This episode unpacks the legal and medical issues and paints a great picture of the opportunities that exist for savvy investors. Many medicinal cannabis related companies are already thriving. Every state in the United States has its own laws and guidelines for the use and production of medicinal cannabis, but it’s only a matter of time before common standards are created and enforced regarding the potency and use of it as medicine. The State of California has already passed a law that will soon require laboratory verification of the potency of medicinal marijuana. There are already companies that conduct lab testing to determine THC levels in medicinal cannabis - and they only serve about 5% of the medicinal market at this time. What’s going to happen when the regulations go into effect? Those companies will boom. The good news is, your investments could too. Find out more on this episode of Capital Gains. Tress Capital exclusively invests in medicinal marijuana based companies. It stands to reason that as regulation and law begin to legitimize the use of marijuana as a medicine that investment companies will step in to provide funding for the cannabis related companies out there and opportunities for investors. Tress Capital is one of those investment companies and on this episode you’ll get to hear from co-founder Asher Troppe about how Tress Capital is carefully positioning itself as one of the leading investment firms in the industry - and doing so from the standpoint of credibility and trust. It’s a great and revealing conversation. Where is the cannabis industry headed in the next 5 years? It’s impossible for anyone to predict exactly what will happen in any industry. Investment forecasters have proven that to be true over the years. But all signs point to rapid and continued growth for the cannabis industry for the foreseeable future. With legalization spreading across the U.S. and more effective regulations coming into place each year, the need for companies and capital in the industry are going to become more and more in demand. Find out how you can get in on this growing industry at almost the ground floor, on this episode of Capital Gains. Outline of This Episode [1:52] Who is Asher Troppe? [3:01] The legal issue currently surrounding cannabis use. [3:34] Comparing legal usage numbers to medical usage numbers. [5:07] How cannabis is being used medicinally these days. [9:15] How are cannabis dosages regulated when used medicinally? [11:38] Where is the marijuana sourced for medicinal products? [15:11] The state of the U.S. banking industry as it relates to cannabis financing. [19:52] Asher’s background and how he got into this field. [27:01] How you can personally research this issue. [28:08] What Tress Capital is investing in. [39:15] How Tress Capital is institutionalizing their approach. [43:49] Asher’s view of where the cannabis industry is going in the next 5 years. [48:08] What’s on the horizon for Tress Capital? [49:45] Advice for those wanting to invest with a capital group like Tress Capital. [51:29] How a company in the cannabis industry should approach Tress Capital. Resources & People Mentioned Tress Capital The Cole Memo SC Labs www.TwoBridgesMgmt.com www.TheMortarBlog.com Connect With Capitalism.com Website: http://capitalism.com/ On Youtube On Facebook On Twitter On Youtube On LinkedIn
Jonathan Twombly is President and Managing Member of Two Bridges Asset Management LLC. Before founding Two Bridges, he was a partner in the real estate investment firm TRB Investment Group LLC. He began his career as a lawyer and spent over a decade practicing in American Lawyer Top 100 firms, where he focused on real estate and hospitality matters. Mr. Twombly holds a bachelor’s degree from Harvard College and a law degree from Columbia University School of Law. He currently serves as a member of the board of directors of the Harvard Alumni Real Estate Organization, Inc., a non-profit. In this episode you will learn about: Investing out of state Multifamily syndication Cashflow How to minimize risk Market cycles Positive attitude The buy and hold strategy Team building What to look for in property managers And much much more!
This week I am chatting with Jonathan Twombly about his journey from working 16 hour days in a stuffy cooperate law job, to breaking out of the rat race and now starting a real estate investment fund! It was no easy accomplishment and Jonathan had his fair share of bumps and bruises along the way. Jonathan is a truly an inspiration guy and is a wealth of knowledge. For more show notes head to my website: www.rsnpropertygroup.com Happy Investing!
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 investingThe partnership that changed his lifeHow you can always find deals within 100 milesThe details of Jonathan’s first dealWhat to do when someone cancels the dealHow financing contingency worksHow he structures his dealsTips for establishing yourself with brokersThe due diligence list to show to brokersThe importance of asking your friends for introductionsWhy you should focus on the relationship aspect of investingThe details of Jonathan’s first successful dealWhy you should consider buying the “unsexy” propertiesTips on looking for dealsHow he makes money through syndicationHis strategy on making 400-unit dealsHow he manages propertiesWhat you should know about underwriting a dealThings he would done differently if he started all over againAnd SO much more!Links from the ShowBiggerPockets on Google Play10 Things To Do Before Doing Your First Deal (blog)Books Mentioned in this ShowThe Wall Street Journal. Complete Real-Estate Investing Guidebook by David CrookLogistics Clusters by Yossi SheffiThe War of Art by Steven PressfieldThe 4-Hour Workweek by Timothy FerrissTweetable 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 JonathanJonathan’s BiggerPockets ProfileJonathan’s BlogJonathan’s Company Website
Jonathan Twombly is a former corporate attorney and a multifamily real estate investor that works with investors to add high-quality real estate to their investment portfolios. In 2013 Jonathan launched Two Bridges Asset Management which currently includes a portfolio 230+ units of multifamily rental properties in the Southeast. Two Bridges helps successful individuals, families, and trusts diversify their investment portfolios, obtain income, and achieve capital growth through investments in multifamily residential real estate in the fast-growing southeastern US. Two Bridges Asset Management enables investors to participate in ownership of multifamily residential investment properties, which have been demonstrated over time to combine “equity-like” upside with “bond-like” security. Their syndication model permits investors to engage in passive ownership of larger investment properties with a relatively small financial commitment compared to the overall value of the property. Here’s some of what you will learn: Making the leap from employee to investor Partnering for your first deal How I got my first multifamily real estate deal Bringing in a sponsor to help put a deal together The difference between recourse and non-recourse loans The non-recourse loan “bad boy clause” What to do when your first lender says, “no” The line to success is never straight Evaluating a deal, red flags and opportunities How to use your “social capital” to make connections and find leads How to approach a broker and begin a relationship to get a first look at great deals Replicating the characteristics of a good deal Managing multi-family assets from 1,000+ miles away The importance of providing safe, clean, and affordable housing Our Guest You can learn more about Jonathan Twombly and Two Bridges Asset Management at: http://www.twobridgesmgmt.com/ Want to build Lifetime Cash Flow from Multifamily Properties? If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now. Recommended Resource Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://meetme.so/RodKhleif
Jonathan used his reputation, networking skills, persistence and smarts to start his own real estate investing company that now controls over 230 apartment units. But he had some issues along the way. First, he lost out on two deals days before closing because the financing fell through. That was a very costly hiccup. Learn how he overcame it and what he learned from the experience. Listen to hear his best advice ever! Jonathan Twombly’s real estate background: Board member on the Harvard Real Estate Alumni Organization in New York City Managing Member of Two Bridges Asset Management Company which controls over 230 multifamily units () Former real estate lawyer specializing in litigation involving hotels and other real estate assets Subscribe in and so you don't miss an episode! Sponsored by: Door Devil - visit and enter "bestever" to get an exclusive 20% discount on your purchase.
Jonathan is President and Managing Member of Two Bridges Asset Management LLC. Before founding Two Bridges, he was a partner in the real estate investment firm TRB Investment Group LLC. He began his career as a lawyer and spent over a decade practicing in American Lawyer Top 100 firms, where he focused on real estate and hospitality matters. Jonathan holds a bachelor’s degree from Harvard College and a law degree from Columbia University School of Law. He currently serves as a vice president of the Harvard Real Estate Alumni Organization. Although he only made his first apartment acquisition less than a year ago, Jonathan is already working on his third apartment deal and currently owns/manages 234 Multi-Family units in the Greenville-Spartanburg, SC area and has plans to build his portfolio up to 1000+ units within the next few years. In this episode, Jonathan will speak with us candidly about his real estate investing business and how anyone listening to this show can yield the same results if they take the right path. In this interview with Jonathan you’re going to learn: The roadblocks he ran into financing his first deal and how he overcame them What key indicators he looks for in a market which determine whether or not he’ll invest How finding an already experienced investor to partner with proved invaluable to his current success Why it’s so vitally important to get your first few deals done to create a track record for yourself Why he feels it’s imperative to build lasting relationships with brokers if you want to be successful in this business Why he prefers multi-family properties over the other asset classes Why he wholeheartedly believes in using 3rd party management companies to run your properties And much more…
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