Jonathan shared his experiences with real estate investing, highlighting both successes and failures. He discussed his initial foray into property management, which didn't last long due to maintenance issues. He also shared his experiences with flipping properties, noting that it wasn't as easy as he thought it would be. Jonathan mentioned a particularly challenging experience with a 26-unit building in Greater Grand Crossing, which faced numerous issues including evictions, property damage, and squatters. Despite these setbacks, Jonathan expressed his love for renovating properties and his willingness to invest in the South Side of Chicago again. He concluded by emphasizing the importance of having the right property manager and being present in the investment process.
Reflecting on Personal Visions for 2025
Jonathan encouraged the team to reflect on their personal visions for 2025, including their strategies and reasons for their goals. He emphasized the importance of understanding the root cause of one's desires, using the example of wanting less stress due to having too many things going on. He set a timer for 5 minutes for the team to write down their thoughts on their visions for 2025, and reminded them not to scroll or text during this time.
Systems, Strategy, and Real Estate
Jonathan discussed the importance of systems and strategy in growing and scaling businesses. He mentioned a potential shift in the meetup schedule to Thursday evenings, which received mixed feedback. Jonathan also introduced the "Cash Flow Breakfast Club" and its focus on real estate investment strategies, starting with estimating rehab costs. He shared an experience from a property renovation project, emphasizing the importance of stabilizing and ensuring safety for residents. Finally, Jonathan encouraged everyone to share their visions and goals for the future.