107: Making $47,000 On Your First Deal with Jonathan Makovsky

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 29 January 2015

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

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! 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast, Show 107.
0:05.0	You're listening to Bigger Pockets Radio,
0:08.0	simplifying real estate for investors large and small.
0:11.0	If you're here looking to learn about real estate investing without all the
0:14.8	height, you're in the right place. Stay tuned and be sure to join the millions of others who have
0:20.6	benefited from bigger pocketsPockets.com.
0:23.0	Your home for real estate investing online.
0:26.0	What's going on everybody?
0:28.0	This is Josh Dorkin, host to the BigerPockets Podcast
0:31.0	here with my freshly relaxed friend.
0:35.0	Mr. I spent a week and a half in Hawaii,
0:38.0	Brandon Turner.
0:39.4	What up Brandon?
0:40.4	Hello, it's good to be back, first day back.
0:42.4	It's always a. day back. Aloha. It's always a depressing day your first day back from vacation.
0:47.0	But today's been good though. Today's been good.
0:49.0	Good.
0:50.0	Well I hope you had a good trip. Did you guys do anything exciting in Hawaii?
0:53.6	I rented a moped, that was cool.
0:55.6	And I sailed around the southern part of the island and I looked at real estate because I can't help it.
1:00.4	Wait a notification. I know, I know. I know. I know I know I know I didn't like go into any places so we
1:06.5	just like you know every time we drive around the island whatever we see one of those
	...

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