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Jonathan Barr Profile
Jonathan Barr

@Jb2Investments

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Holdings 420 Apartments Units…35 Million in Value...No Nonsense tweets...Girl Dad X 2...E-book Tax Stack Strategy

Bend, OR
https://t.co/iHdiqwYt7L
Joined February 2020
Don't wanna be here? Send us removal request.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Let me reintroduce myself: • Recovering flipper of 400 homes in LA that created 22 million in profits. • Along with partners and my brother, we now buy large apartment complexes in the Midwest. • Current holdings 420 units over 5 properties, 35 million asset value.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
It's great when you have a tenant stay for 13 years but this is what can happen over time if they are not clean.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
We are closed!!! 75 Unit Apartment Complex in KC 64k a door. $714 average current. Successfully assumed current debt at 3.99%. Ready to get started next week improving it.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Curious what people are giving up next year? For me it’s Alcohol, it no longer serves me when it comes to my mental health. Even in small amounts, it can trigger my depression the next day.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
I used to be embarrassed that I didn’t go to an ivy league or top echelon school Until I realized it didn’t matter. I went to SDSU where the best thing that happened to me there was meeting my would be amazing wife/baby mama.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
I made more off 3 properties I held over 10 years than my share of the profits off 400 flips during the same period with a fraction of the effort. Holding long term is powerful!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Real Estate Syndication 101 A Thread 🧵
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
I had a friend recently whose contractor walked away from the job with over 100k and is no longer responding. This Is why we always give a minimal deposit and make very specific progress payments.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
We are Closed! 144 Units $12.1 MM Built 99’ Average rent $941 Thanks to those that are taking this journey with us.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
JUST SOLD! Our first Oklahoma deal. Not only did we crush it, but we will 1031 the funds into a property nearby which is 30 years newer. Win-Win! It's Vindication for us because so many people didn't want to invest in this with us at the time.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
How I lost 500k, spiraled into a deep depression, and came out on top A thread 🧵
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
A little about about myself: -Former recovering flipper of 400 homes in LA that created 22 million in profits. -Along with partners and my brother we now buy large apartment complexes in the Midwest. -Current holdings 273 units over 4 properties, 20 million asset value. 👇👇
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Officially a Full-Blown Girl Dad Aubrie Rose Born 8/9 2:48 am Coming in at her fighting weight of 8 lbs 4 oz Feeling blessed she is super healthy!
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Jonathan Barr
@Jb2Investments
2 years
I still can’t believe I live here.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
@TheCyclingGSD Unfortunately I see stuff like this more often then I would like. I guess people get used to it, I’m not sure.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
It brings me great joy to announce we Closed 118 Unit deal in Norman, OK! This is our largest purchase to date. Thank you to all those that supported us along the way.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
10 months
I made more off 3 duplexes I held over 10 years than my share of the profits off 400 flips in LA during the same period with a fraction of the effort. Holding long term is powerful!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
It's Official: Closed on our home in Bend, OR yesterday. Sold our LA home last week and moving at the end of July. Love to connect with #retwit folks in Bend.
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Jonathan Barr
@Jb2Investments
1 year
@ToThEmOOn4Me Not much of one other then showing how some people can live. If a request or complaint was made we would of done something. Didn’t expect this to really get this much attention.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
This is your quarterly reminder. Design the life you want, we need a lot less than society leads us to believe. For us, we do 2-3 real estate deals a year that easily sustains the life we want to live. And I get to live in a beautiful place like this.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
I have a constant internal struggle of am I the build a real estate empire guy or do 3/4 solid deals a year and live a pretty dam good life and help some people along the way. I choose the latter! For me that’s the better choice but it’s everyone’s to make. Quality of life etc
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Finally completed this 6 House development project in LA that took 7 plus years.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
Here is a prime example of why I left the Development game to enter existing Multi-Family value-add deals. 8/29/14 Triplex bought in LA in probate court to convert to in-fill 6-unit townhouse small lot subdivision project. 18 months to get approval just for entitlement portion.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Happy Saturday...Our first official family photo in front of our home. My wife doesn't want me posting our daughter's faces anymore. Though I disagree, I respect her wishes.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
I made more off 3 properties I held over 10 years than my share of the profits off 400 flips during the same period with a fraction of the effort. Holding long term is powerful!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
A little about myself: • Former recovering flipper of 400 homes in LA that created 22 million in profits. • Along with partners and my brother, we now buy large apartment complexes in the Midwest. • Current holdings 345 units over 4 properties, 29 million asset value.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
The First building I ever bought in the midwest 2 1/2 years ago. Ain't she a beauty?
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Here is the next deal we are buying in OKC for 50k a door. More pics in the next thread.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
One of the coolest homes we ever flipped. Used a master carpenter for the woodwork. It was sold to a famous author in LA.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
I used to think people that were depressed were weak and complainers. Then a turn of events in my own career pushed me into a deep depression that essentially incapacitated me for a time. The stress and mental strain that we deal with as entrepreneurs at times are immense.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
This is a 5-minute walk from our house. Love that business allows us to live wherever we want with close access to an airport.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Just put a 70+ unit deal under contract in Kansas City, MO. This is a loan assumption deal. We have a clear path to take the property to the next level. LFG!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
My mom is a gangster /pretty she is the first Latina women to pull something like this off in Hollywood.
NELA Homes moves ahead on 175-room hotel in Hollywood

A local developer has moved closer to building a 13-story, 175-room hotel in Hollywood. NELA Homes, a division of NELA Group in Highland Park, got a go-ahead from the Los Angeles Planning Commission...

therealdeal.com
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@Jb2Investments
Jonathan Barr
@Jb2Investments
9 months
One year without alcohol today. Haven’t decided if I will drink again but if I do it’s forever changed my relationship with it. Like probably be like a few times a year kind of thing for very special occasions.
@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Curious what people are giving up next year? For me it’s Alcohol, it no longer serves me when it comes to my mental health. Even in small amounts, it can trigger my depression the next day.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Getting ready to close on this apartment deal in KC on 11 acres on a park like setting. Launching this deal tomorrow to our investors.
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Jonathan Barr
@Jb2Investments
4 years
Uhaul just released the top 25 growth cities for 2020. For us what's interesting is Edmond, OK is number 20 which is a suburb of OKC. Which a trend we have been seeing for OKC through COVID.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
10 months
My 5 year old skiing for the first time. This warms my heart. Big reason I live in Bend, OR.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Our new neighborhood in Bend, OR we will be living in.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
It’s Official: After owning property in California for the last 13 years, I no longer own any property in California. Wild!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
The deal is done! 71 unit soon to be 72 closed in Norman Within the Oklahoma City metro. Ready for the next!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Was on the ski lift with a friend of a friend. He is a one man business doing graffiti removal for businesses/city and works 30 hrs a week making 150k a year. He saw that he could get into the 1st few slots on google. Didn’t know anything about graffiti removal but jumped in.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Was talking to small bank in Oklahoma that actually had decent terms. The banker said he would fly out to LA to meet in person if they did the loan with us because that’s how they do things. It was strange and nice at the same time.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
Auction buy that I actually kept: Purchase: 12/2/2011 $390,000 Repairs: $ 80,000 Sale: 9/10/19 $1,030,000 Profit: $500,000 ROI: 367% Two Home Duplex 4/2 1208 SF 2,845 Lot No Parking Interesting Story of the auction, creative financing, tenant payouts and 1031 into a 14-unit.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Talked to a major LA residential mortgage broker yesterday. Most the rates he is quoting right now start with a 5. I think this maybe the beginning of end of this run up. Though a lot buyers are scrambling to buy right now before rates bump up more.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Please Please get an insurance quote before you put the property under contract. Premiums are up drastically across the board and I've heard as much as 50%.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Wouldn't it be funny if later real estate prices did not come down much? Right now was the time to get decent deals.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
Really feel blessed discovering RE twitter and the connections I have made in 6 short months. Shout out to @moseskagan for telling me to get on here. I find myself thinking everyday now how I can be of value to this community. 😍
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
My wife was on the plane speaking with the lady next to her about what we do. Another lady behind her overheard and gave my wife her info so that I could contact her about investing. She now will be investing with us. Love how random and organic that was.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Here is a diagram I created of what a 100k investment over a 12 year period looks like in our deals.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
As I have grown older and become a parent. I have made more of an effort to choose empathy over anger. - Maybe the person didn't sleep well - Has things going on in their personal life etc... It just makes for much better, kinder conversations. We are all humans.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
I made more off 3 properties I held over 10 years than my share of the profits off 400 flips during the same period with a fraction of the effort. Holding long term is powerful!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
This is your reminder that you do not need to build an empire. Either work somewhere or build something that allows you to live the life you want to live. I think we need a lot less than society pressures us to think we need. I guarantee most of us will be happier that way.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
69 Units in OKC Officially Closed! The close was a pain and Title delayed us by a week. It worked in our favor because rates dropped in that time and we secured a rate .2 % lower than expected. So off to good start already.
@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Here is the next deal we are buying in OKC for 50k a door. More pics in the next thread.
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Jonathan Barr
@Jb2Investments
2 years
Definitely, one of the coolest homes we ever flipped. Superb Spanish colonial estate c1929 North of Los Feliz Blvd by architects Witmer and Watson.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
The Goal for 2022 is to acquire 350 apartment units which equates to about 25 million in real estate. 🚀🚀
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
After a pain in my rear, Happy to announce we are opening escrow on a 69 unit MF deal in OKC! This is a 1980's build that we are buying from the original builder who has taken meticulous care of the complex.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Here is a heatmap I created based on 2030 projection data. These are all MSA's between 350-1,000,000 population. The color label is for the size of the population and the circumference of the circle depicts the % of year-over-year population growth to 2030.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
Feeling a sense of gratitude. 🙏 3 years ago I was sitting at lunch with @moseskagan discussing how I wanted to go grow our midwest portfolio. Which at the time was 14 units which we have now grown to 420 units.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
I want a Sprinter van like this to take my kid's camping/have a second vehicle. Curious about who has one of these and how it's changed your life?
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@Jb2Investments
Jonathan Barr
@Jb2Investments
19 days
When I was in my 20s, I parked every last dollar I had into real estate, emptying my bank many times. I’m so happy I did this instead of blowing it on things. Today, I have a strong base to live off of for myself and my family. Compounding is the real thing.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
Average Fixed Rate Across our portfolio: 4% Average Loan Maturity Date: 8/2029 Feeling pretty solid.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
@raine_street not much other then I believe in the lease there is some cleanliness clauses so it could be a breach of contract. Though it would be tough to enforce. If it really becomes a problem we would just not renew when the leases comes due.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Fun Fact you can view google street view of different years to see the transition of buildings/areas.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
Just found we are bringing another human GIRL into the world! Now I really got to get some deals done!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
@Chmelv Heavy smoker. I don’t think it needs to go to studs just heavy treatments.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Prospective future acquisition…this has been a very productive trip to OKC.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
I recently retired my wife, and it’s been one of our best decisions. Her stress level is way down; she has time for herself and can help me with things, too. Got to be more budget conscience but it’s so worth it.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
This is my home and where I spend most of my time. This place inspires me to be better and do more.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Good shot of our next purchase!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Getting giddy about launching our next deal. I’ve even been working on it between babies naps this weekend.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Got another call from a broker about a deal where the owner is having issues with their bridge loan and wants out. Also found out 3500 bridge loans were done in the last 2 years. Things are happening.
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Jonathan Barr
@Jb2Investments
4 years
My Mexican mother came to this country at 19 after dating/marrying my Israeli Dad. She came here speaking very limited English. Then had me when she was 21. Eventually became a real estate agent. With her limited English, she worked in primarily Spanish speaking areas of LA.1/5
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Jonathan Barr
@Jb2Investments
3 years
LA 12 Townhouse project w/roof top decks with views, I helped acquire, entitle and begin the construction process. It's slated to be complete in about 6 months. All will sell in the million-plus range.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
@LucasPacioli1 Probably 15k + in turn/vacancy cost. So still not bad.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Hanging with my mom @nelamarissa at @REconveneLA ain’t a bad deal.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Countdown 26 days til we move to Bend, OR. View from our new doorbell camera.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Overjoyed got to see our next daughter's face at 32 weeks. She is healthy as can be!
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
How we structured our home flip deals to create 10's of Millions in profits! A thread....🧵
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Had a tough week but I found a new therapist to continue the work. Here to support anyone that is going through it.
@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
How I lost 500k, spiraled into a deep depression, and came out on top A thread 🧵
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Jonathan Barr
@Jb2Investments
2 years
Yes! We just got full loan approval for our loan assumption at 3.99%. We have all the equity in place. Ready to close out this KC deal next week.
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Jonathan Barr
@Jb2Investments
2 years
And we made it safe and sound. Now the fun unpacking!
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Jonathan Barr
@Jb2Investments
1 year
Just got sent the first lender owned apartment deal. Something is happening.
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Jonathan Barr
@Jb2Investments
3 years
Friendly reminder to get in at least 2-3 intense workouts in a week. Nothing beats the shower after an intense workout with endorphins flowing and the connections in our brains that are made. It's not just good for our health but good for business.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Friendly reminder to get in at least 2-3 intense workouts in a week. Nothing beats the shower after an intense workout with endorphins flowing and the connections in our brains that are made. So it’s no just good for our health but good for business.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
Wow one of our tenants taking some initiative and planting this beautiful flower bed at one of our complexes. This is building communities.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Results are in, WE are beating projections by 51% across our Oklahoma Portfolio. Our next purchase will double our portfolio there and eventual distribution of funds. Look forward to having those that join us on the journey in 2022! 🚀
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
On our last deal it took us about a month to raise about a million bucks to get the deal done. Not everyone on here raises the cash in 24 hours. Raising capital is TOUGH! It does get easier if you have dogged determination to get it done.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
If this 1% + gain in interest rates is killing your deal. Then you probably didn’t have enough wiggle room in your deal in the first place.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
1 year
Don't over-complicate things. We created 22 million in profits using this simple model in our LA flip business of 400 hundred homes.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
Felling Bummed...Today we had to cancel the contract for our 69 unit deal in OKC. The owner had misinformed us of the size of the units by 25% which we discovered during due diligence. Of course with that new information, we needed a price reduction. The seller would not budge.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
First ski day here at mt bachelor
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
End of the year reminder that you do not need to build an empire. Either work somewhere or build something that allows you to live the life you want to live. We need a lot less than society pressures us to think we need. I guarantee most of us will be happier that way.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Just did my second LP investment. 1.) Its a good way for me to invest in other places without having to figure it all out 2.) It's a good way for me to get a more inside look at how others do things. 3.) Just been with friends I like to support. 4.)Helps me relate to our LP's
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@Jb2Investments
Jonathan Barr
@Jb2Investments
2 years
Flipping to build capital early in your career is important. Of course I’m an advocate for long term holds. If I had not been involved in hundreds of flips early in my career I would not have capital to do what I’m doing today.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
One of my favorite Auction Deals ever! Purchase: 6/16/14 $638,606 Repairs: $50,000 Sale: 12/14/14 $1,251,000 Profit: $405,000 Annualized ROI: 107% 2020 Value: $2,000,000 This is a great story. We ended being the only bidders on this house.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
I have a constant internal struggle of am I the build a real estate empire guy or do 2-4 solid deals a year and live a pretty dam good life and help some people along the way. I choose the latter! For me, that’s the better choice but it’s everyone’s to make. Quality of life etc
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
I'm happy to announce we just put a 72 unit deal under contract in OKC. This one definitely came together by the relationships we have fostered over the last 18 months. If you are on our deal list you should have in your inbox high-level info about the deal.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Real Estate Professional status in the eyes of the IRS you need to put in 750 hours a year. That equates to about 15 hrs a week. Which is something but also doable as a side gig. Having that status allows you to use passive losses to offset ordinary income. That's Powerful!👇
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
Purchased and rehabbed the original home and converted the garage into a studio ADU. Purchase: 02/07/18 $715,000 Repairs: $250,000 List Price: $1,148,000 Sale: 08/21/18 $1,238,200 Profit: $115,000 Annualized ROI: 22%
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@Jb2Investments
Jonathan Barr
@Jb2Investments
4 years
First Two Home Duplex Silver Lake LA I bought for myself and lived in: Purchase: 1/29/2010 $278,000 Repairs: $ 160,000 Sale: 3/20/20 $1,411,500 Profit: $900,000 ROI: 409% Interesting Story of acquisition, tenant relocation, and disposition/1031.
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@Jb2Investments
Jonathan Barr
@Jb2Investments
3 years
We recently implemented a bonus structure with our managers. They get to keep 10% of whatever we beat our budget by. If we win, we all win.
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