If you’re new to investing in real estate, you may not have run your first real estate analysis yet. But as soon as you start looking at properties, you’ll become a spreadsheet wizard in no time! With so many investors counting on automatic analysis from modern, hyper-specific real estate calculators, old-school investors beg the question “do these calculators really make a difference in the deal?”
Today, expert investor, home flipper, wholetailer, and almost every other real estate title in the book, Jonathan Greene, joins us to talk about what new investors are missing out on. While many investors run spreadsheets and analyses before seeing a deal, Jonathan does it the other way around. Jonathan will drive to a property, walk the property, and then after taking a look at some specific parts of the property, will run a deal analysis. He walks through the system that not only makes this efficient but worthwhile.
If you’ve been around the BiggerPockets Forums for some time, you’ve probably recognized Jonathan’s name (or face). He’s an active contributor, responding to forum posts almost every day and chatting with new investors every chance he gets. Jonathan has found deals, mentors, partners, and great friends thanks to online forums, like BiggerPockets. If you’re looking to get the most out of your virtual networking, Jonathan shares his five tips on extracting huge value from the collective minds of over two million real estate investors!
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Listen to Johnny Hoang’s Episode The BiggerPockets Podcast:
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Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
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Episode 584
Show notes at:
00:00 Intro
03:16 Quick Tip
03:56 A 30-Year Investing Veteran
07:38 Going Beyond the Spreadsheets
14:09 How to “Feel” A House When Investing Out-of-State
17:19 Jonathan’s Portfolio
21:24 Finding the Factors that Make a Deal
25:29 5 Steps to Finding Mentors, Advice, and Deals
42:36 Deal Deep Dive
52:47 Fire Round
56:35 Famous Four
source
You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
They are called "dowser."
Huge congratulations to the best mentor this newbie investor could've ever asked for. Way to crush it man!
Thank you for having Jonathan as the guest, he has been very helpful answering all my newbie questions
Another grand slam each episode is better then the other 💯
Woah! I remember attending Jonathan’s zoom meetups during the pandemic
Divining rods. Witching. You got it! I’m a gut feeling person, too. Ever known a person who looked great “on paper”, who was a disaster in real life?
David I love you to death but please fix your audio. Sometimes when I'm listening at work with my earphones every other word you say blows out my eardrums lol. Audio in the past was great, so I'm guessing maybe your settings or mic was changed sometime in the last couple months. It would really make the listening experience that must better. 😁
If you're using OBS to record there are a lot of tutorials on here that could fix it in 5 mins or so with some tweaking. If you think it's fine- feel free to ignore me lol
9:50 They're called dowsers and that little stick they hold is called a dowsing stick.
i love people who are straightforward! Great interview, Jonathan!
Great job & thanks for the information bigger pockets
It's sad when we try to read the comments to learn more information and it's filled with spam crypto information. This is a popular real estate broadcast please stop spamming it or please block them.
Loved this episode for a few reasons… Jonathan is my team leader, real estate coach, mentor, and good friend. I accredit a majority of my success this past year to his mentorship and support, and could not be happier for him that he was given the opportunity to speak on Bigger Pockets podcast! He is genuine, passionate about real estate, and loves to help and challenge others reach new heights of success. This is made clear in the BP forums, where I am sure you have seen him provide sound feedback to others on a daily. Can not WAIT for the next appearance!
Witching
Just starting this video but it goes against everything I thought BiggerPockets was telling me about making sure to crunch the numbers… I'm hoping this discussion doesn't boil down to "experience is worth more than rigid calculations" because I don't know how that's supposed to help new investors who haven't yet acquired that spidey sense. I only own 2 homes (primary/rental) and still grapple with crunching numbers when my gut feeling tells me to move on a property (usually because I feel confident that I know a ballpark figure for renovation costs and after repair value).
What are with these Crypto bots? Cryptocurrency wasn't even mentioned in the podcast. They just started commenting and got a whole bunch of paid likes
Great video, thank you
This was great!