Tips for Investing in Smaller Multifamily Apartments with Jonathan Bombaci, Ep. 627

As a financially independent real estate professional and team lead for Candor Realty powered by Four Points in Haverhill, MA, Jonathan Bombaci brings decades of experience in real estate, investment, and insurance. With a background in accounting and technology leadership at Fortune 100 companies, he offers clients significant competitive advantages. His dedication is to my family and clients, whom he considers part of my extended family.  In this episode we delve into the differences between residential and commercial agents, the importance of first-time investors running their numbers before engaging an agent, and the challenges brokers face with new buyers. Jonathan also offers valuable advice for agents, discusses his diverse portfolio and business ventures, and highlights key considerations before starting a property management company. Plus, we explore the difficulties of building a property management and construction company, strategies for investors looking to scale  to close out the conversation. Announcement: Learn more about the apartment investing mastermind here.   From Fortune 100 to Real Estate Mastery   02:11 Jon talks about his background; 04:09 Residential agents VS. Commercial agents; 07:33 Why first time investors should run their numbers before working with an agent; 09:50 Challenges brokers face when dealing with first time buyers; 14:58 Advice for agents; 16:34 Jon’s portfolio and different arms of his business; 19:20 The question to ask before building out a property management company; 21:53 The challenges of building a property management / construction company; 23:39 Advice for investors who are looking to scale; 25:46 Round of insights;       Announcement: Download our Sample Deal Package here.   Round of Insights   Apparent Failure: Underestimating construction costs in one of his early deals. Digital Resource: MileIQ Most Recommended Book: The 4-Hour Workweek Daily Habit: Planning and reflecting #1 Insight for getting started as an investor: The more specific you can get the easier things will become. Best place to grab a bite in Little Rock, Arkansas: Tavern in the Square   Contact Jon: Visit candorealty.com  IG: candorealty     Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.