Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it's very common. However, not for today's guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!
If you are a new investor trying to find the right way to get started or if you've been investing for years but want to improve your game - don't miss this impressive interview with Jonathan!
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Sponsor
We just wanted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!
Learn more by visiting RealtyShares.com/biggerpockets!
In This Show We Cover:
How Jonathan got started with a push from mom
Tips on taking advice to best push your business forward
Exactly how many houses Jonathan looked at per day in search of a deal
The benefits of having a real estate license
The lessons to be learned by failing on your first deals
How to use direct mail for marketing
The details of Jonathan's first property, purchased for $150,000
How to find a partner through BiggerPockets
What exactly "racer math" is
The pros and cons of letters and postcards
Jonathan's experiences with office building
How to make a partnership work
Tips on using BiggerPockets as a tool for success
Plus MUCH more!
Links From the Show:
BiggerPockets' Plus and Pro
BiggerPockets' Wholesaling Calculator
BiggerPockets' Podcast Show 106
BiggerPockets' Podcast Show 92
7 Years to 7 Figure Wealth
BiggerPocket's Events and Happenings
Forbes
The Wall Street Journal
Books Mentioned in the Show
The Book on Flipping Houses by Mr. J Scott
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures by Frank Gallinelli
How to Win Friends & Influence People by Dale Carnegie
Connect with Jonathan
Jonathan's BiggerPockets Profile
View the full article: BP Podcast 107: Making $47,000 On Your First Deal with Jonathan Makovsky on on The BiggerPockets Blog. This content is Copyright © 2015 BiggerPockets, Inc. All Rights Reserved.
