{"id":77910,"date":"2016-04-28T00:02:42","date_gmt":"2016-04-28T06:02:42","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=77910"},"modified":"2023-04-14T02:43:21","modified_gmt":"2023-04-14T08:43:21","slug":"2016-04-28-bp-podcast-172breaking-apartment-complex-investing-jonathan-twombly","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2016-04-28-bp-podcast-172breaking-apartment-complex-investing-jonathan-twombly","title":{"rendered":"Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly"},"content":{"rendered":"<p class=\"p1\"><span style=\"font-weight: 400;\">Have you ever dreamed of owning large apartment complexes? If so, don\u2019t miss this powerful interview with <strong>Jonathan Twombly<\/strong>, a real estate investor whose very first deal had over 100 units! You\u2019ll learn why Jonathan skipped the \u201csmall deal phase\u201d and jumped right into big deals &#8212; and how he\u2019s gone <strong>from nothing to over 400 units in the past several years<\/strong>. This show offers an incredibly realistic view of what it actually takes to break into the apartment complex market! <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC6227298657&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Breaking Into Apartment Investing with a 100-Unit First Deal with Jonathan Twombly | BP Podcast 172\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/haLtrC1hZnw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.realtyshares.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Jonathan got out of the law industry and<strong> into real estate investing<\/strong><\/li>\n<li>The <strong>partnership<\/strong> that changed his life<\/li>\n<li>How you can always <strong>find deals<\/strong> within 100 miles<\/li>\n<li>The details of\u00a0Jonathan\u2019s <strong>first deal<\/strong><\/li>\n<li>What to do when someone <strong>cancels<\/strong> the deal<\/li>\n<li>How <strong>financing contingency<\/strong> works<\/li>\n<li>How he\u00a0<strong>structures<\/strong> his deals<\/li>\n<li>Tips for establishing yourself with <strong>brokers<\/strong><\/li>\n<li>The <strong>due diligence<\/strong> list to show to brokers<\/li>\n<li>The importance of asking\u00a0your <strong>friends<\/strong> for introductions<\/li>\n<li>Why you should focus on the <strong>relationship aspect<\/strong> of investing<\/li>\n<li>The details of Jonathan&#8217;s\u00a0first <strong>successful deal<\/strong><\/li>\n<li>Why you should consider buying the &#8220;<strong>unsexy<\/strong>&#8221; properties<\/li>\n<li>Tips on <strong>looking<\/strong> for deals<\/li>\n<li>How he makes money through <strong>syndication<\/strong><\/li>\n<li>His strategy on making <strong>400-unit deals<\/strong><\/li>\n<li>How he <strong>manages\u00a0<\/strong>properties<\/li>\n<li>What you should know about\u00a0<strong>underwriting<\/strong> a deal<\/li>\n<li>Things he would <strong>done differently<\/strong> if he started all over again<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/play.google.com\/music\/listen?t=BiggerPockets_Podcast_:_Real_Estate_Investing_and_Wealth_Building_to_Help_You_Get_Bigger_Pockets&amp;view=\/ps\/Ixsdiql66tvo6h6kq7do3wlicsi\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets on Google Play<\/a><\/li>\n<li><a href=\"http:\/\/www.themortarblog.com\/10-things-to-do-before-doing-your-first-deal\/\" target=\"_blank\" rel=\"noopener noreferrer\">10 Things To Do Before Doing Your First Deal<\/a> (blog)<\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2a2rmSX\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Wall Street Journal. Complete Real-Estate Investing Guidebook<\/em><\/a> by\u00a0David Crook<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a2rtO7\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Logistics Clusters<\/em><\/a> by\u00a0Yossi Sheffi<\/li>\n<li><a href=\"http:\/\/amzn.to\/29NLQQm\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The War of Art<\/em><\/a> by Steven Pressfield<\/li>\n<li><a href=\"http:\/\/amzn.to\/29XJhcJ\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The 4-Hour Workweek<\/em><\/a> by\u00a0Timothy Ferriss<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;You don\u2019t know what the heck you are doing, but you\u2019ll figure it out when you start somewhere.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22You%20don%E2%80%99t%20know%20what%20the%20heck%20you%20are%20doing,%20but%20you%E2%80%99ll%20figure%20it%20out%20when%20you%20start%20somewhere.%22%20BP%20Podcast%20172%20biggerpockets.com\/show172\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If you are a new investor, it\u2019s not about how much money you have but about how many deals you have closed.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22If%20you%20are%20a%20new%20investor,%20it%E2%80%99s%20not%20about%20how%20much%20money%20you%20have%20but%20about%20how%20many%20deals%20you%20have%20closed.%22%20biggerpockets.com\/show172\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Persistence is 90% in business and then the other 10% is not being an idiot.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Persistence%20is%2090%25%20in%20business%20and%20then%20the%20other%2010%25%20is%20not%20being%20an%20idiot.%22%20BP%20Podcast%20172%20%40biggerpockets%20biggerpockets.com\/show172\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Jonathan<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/jtwombly\" target=\"_blank\" rel=\"noopener noreferrer\">Jonathan&#8217;s\u00a0BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/www.themortarblog.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jonathan&#8217;s Blog<\/a><\/li>\n<li><a href=\"http:\/\/twobridgesmgmt.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jonathan&#8217;s Company Website<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever dreamed of owning large apartment complexes? If so, don\u2019t miss this powerful interview with Jonathan Twombly, a real estate investor whose very first deal had over 100 [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-77910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/77910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=77910"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/77910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118974"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=77910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=77910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=77910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}