Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

722
Posts
1,260
Votes
Jonathan Twombly
  • Rental Property Investor
  • Brooklyn, NY
1,260
Votes |
722
Posts

How did I go from zero to $20 million in assets in two years?

Jonathan Twombly
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hey BP Land!

How did I go from zero to a $20 million portfolio in just two years?

Please come visit my new real estate blog, The Mortar (www.themortarblog.com), and find out!

I will be posting about my real estate journey, how I got to where I am, and how you can, too.  The Mortar will be full of practical tips about how to get deals, close them, and run them, as well as how to find investors!

If you want to hear how it's done by someone who's actually done it, be sure to check out www.themortarblog.com!

Why is it called "The Mortar"?  Because mortar holds everything together!  You can't build a building without it!  Without The Mortar, the bricks are useless!

The Mortar will help you escape the grind, take back your life, and control your destiny by learning how to invest in multifamily real estate!

I look forward to seeing you at The Mortar Blog! (www.themortarblog.com)

  • Jonathan Twombly
  • Podcast Guest on Show #172
  • Offering

    Most Popular Reply

    User Stats

    722
    Posts
    1,260
    Votes
    Jonathan Twombly
    • Rental Property Investor
    • Brooklyn, NY
    1,260
    Votes |
    722
    Posts
    Jonathan Twombly
    • Rental Property Investor
    • Brooklyn, NY
    Replied

    @Chris Seveney

    Why the cynicism?

    In January 2014, we had zero units.  By January 2015, we had 404 valued at a purchase price basis of just shy of $20 million.  Now with the improvements we have put in, they are worth more than $20 million now.

    They are the Valley Creek Apartments, Spartanburg, SC (102 units); the Village Park Apartments, Simpsonville, SC (132 units); the Addison Townhomes, Taylors, SC (54 units); and the Timbercreek Apartments, Spartanburg, SC (116 units).  You can look it up on CoStar or Reis Reports.

    These apartments will have a combined NOI of over $1.5 million in 2015.

    We worked very hard and got extraordinary results.

  • Jonathan Twombly
  • Podcast Guest on Show #172
  • Loading replies...