Deals that Work; How to Find Cap Rates that Satisfy Everyone with Jonathan Twombly
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)
Starting Right in Multifamily Real Estate with Jonathan Twombly
How to Scale Commercial Real Estate
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 --> firstname.lastname@example.org
EP 25 | HOW TO LEAVE BIG LAW IN THE REAR VIEW MIRROR AND ACHIEVE FINANCIAL FREEDOM WITH JONATHAN TWOMBLY
The Passive Income Attorney Podcast
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!
How Losing his $300,000 Job Sprung Him into Freedom with Jonathan Twombly, Ep. 266
Target Market Insights: Multifamily + Marketing
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)
Ep 87: Financing a Multifamily Deal with Jonathan Twombly
The Real Estate Investing Experience
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!
#70: The Re-Pricing Of The Real Estate Market with Jonathan Twombly
Multifamily Investing 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.
SK039 -The First Deal with Many Issues - "Baptism by Fire Deal" w/ Jonathan Twombly
Premium Cashflow Podcast
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.
#26 with Jonathan Twombly: Dig the Well First Before You Need the Water and The Biggest Mistakes I learned to get to my 100 Unit Deal
Millennial Millionaire Real Estate Podcast
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/
404 Unit Portfolio Exit In Greenville/Spartanburg With Jonathan Twombly, Apartment Syndication Expert
Multifamily Investor Nation
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.