107: Making $47,000 On Your First Deal with Jonathan Makovsky | Bigger Pockets Podcast

Many new investors lose money on their first, second, and third deal. There is a steep learning curve when trying to invest in real estate and, while the loss is painful, it’s very common. However, not for today’s guest. Today we sit down with Jonathan Makovsky, a new investor from the tri-state area who had incredible success right out of the gate!
If you are a new investor trying to find the right way to get started or if you’ve been investing for years but want to improve your game – don’t miss this impressive interview with Jonathan!
In This Show We Cover:

How Jonathan got started with a push from mom

Tips on taking advice to best push your business forward

Exactly how many houses Jonathan looked at per day in search of a deal

The benefits of having a real estate license

The lessons to be learned by failing on your first deals

How to use direct mail for marketing

The details of Jonathan’s first property, purchased for $150,000

How to find a partner through BiggerPockets

What exactly “racer math” is

The pros and cons of letters and postcards

Jonathan’s experiences with office building

How to make a partnership work

Tips on using BiggerPockets as a tool for success

Plus MUCH more!

Links From the Show:

BiggerPockets’ Plus and Pro

BiggerPockets’ Wholesaling Calculator

BiggerPockets’ Podcast Show 106

BiggerPockets’ Podcast Show 92

7 Years to 7 Figure Wealth

BiggerPocket’s Events and Happenings

Forbes

The Wall Street Journal

Books Mentioned in the Show

The Book on Flipping Houses by Mr. J Scott

Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down

What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli

How to Win Friends & Influence People by Dale Carnegie

Connect with Jonathan
Jonathan’s BiggerPockets Profile

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