JARX - A Real Estate Investment Diary Jonathan Marx

Cryptocurrency and blockchains are everywhere these days and not surprisingly they are also starting to creep into the world of Real Estate. From virtual Real Estate to investment properties this new form of currency is having a major effect on the markets. In this episode a friend and long time follower of these new markets joins the podcast to chat about these newest developments. 

Guest interview on the show, John Stoeber joins us to discuss his philosophy and experience with investing in big multifamily real estate projects. He's written a book “How to analyze big apartment building & make them feel small” and we dive deep into his own personal experiences. How he got started, what were some hard learned lessons and what is he doing these days to find the next deals. 

It's been a minute since the last recording. Updates on my latest real estate adventures. The long and tedious task of paperwork and waiting for contractors to finish. We discuss the ever important to-do lists and how to think about investing in real estate and measuring risk. 

The most important part of getting into the real estate game is understanding your finances. In this weeks episode we break down what you need to know about preparing your accounts, what to look out for and what are your different options when getting money to close your deals. 

On my personal side, we discuss my latest house closing and all the fun and stressful negotiations of this process. 

Another exciting week... NOT. Sometimes your wheeling and dealing and other times your simply pushing to move one foot in front of the other. Much like practicing for a marathon, this is all about consistency. You gotta keep putting in the work and hunting down leads. Eventually the right deal comes along and opportunity meets preparation!

The three main classification for buying a property. Newly renovated (or new), livable and total rehab. Each one comes with it's own advantages and challenges. We discuss some of the pros and cons for each category and what fits best in my business plan.

Special on the road episode directly from my car. Our offer for an investment property in Newark NJ has been accepted. Now we move into the fun stage of Lawyer Review to then be followed by a whole lot of paperwork and bureaucracy. YAY. 

Hopefully, if everything goes smoothly we will be closing in the next few weeks and getting the property ready for new tenant moving into the spring. Thus turning this property from a cash drain to a cash flow.