Best Real Estate Investing Advice Ever With Joe Fairless

Chad has had a little different path on his way to real estate investing than I’ve ever heard. He started by getting into Magic The Gathering card trading, got into day trading, and then got into real estate investing. How has playing Magic The Gathering helped him with his career? Tune in to find out! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If your process is good, you will be net positive overall” - Chad Kastel Chad Kastel Real Estate Background: Real estate investor since 2016 1st property was a two structure single property house hack, 2nd was a mix use triplex Licensed Realtor in Florida Based in Hollywood, FL Say hi to him at 609-705-7332 and chadkastelATgmail.com Best Ever Book: Best Ever Apartment Syndication Book If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created

“I don’t want to list your home” - that’s the phrase that started everything for Dan years ago. As a new agent, Dan had to find a way to get some business from all of the FSBO’s in his area. Rather than door knocking and asking to list their home, he’d simply ask if he could take some buyers through the home, and help with the paperwork if they had a buyer. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The biggest thing would be to implement a system, track everything you’re doing and eliminate the things that don’t work” - Dan Plowman Dan Plowman Real Estate Background: Rookie of the year in his first year selling homes 28 years of real estate experience, has sold more than one home per day for the last 8 years. Based in Whitby, ON Say hi to him at https://www.danplowmancoaching.com/ Best Ever Book: High Performance Habits by Brendon Burchard If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qua

Joe does about 9 interviews every week for the podcast, and he takes notes on every single interview. Today, he’ll share the very best lessons that the guests taught or reminded him of last week. The five guests are (interviews yet to be released) Gaston Teran, Luis Leiva, Michael Beeman, Cory Boatright, and Gary Pinkerton. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you want to attract the right partners, then be attractive yourself” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve heard Theo explain in great detail all the different loan options we have as apartment syndicators. How do you decide which is best for you? Luckily, Theo is going to cover that today so get your pen and paper ready to take notes! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A good starting approach is to reach out to your mortgage broker and tell them what you plan on doing” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve covered the two different types of debt (recourse and non-recourse) in part one of this series. Theo talked about the two most popular forms of financing and the most popular agency debt available. Today, we’ll hear about the other loans that are available to finance your apartment syndication deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Time from contract to close with these programs is at minimum 120 days and 6-9 months is common” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

DJ and his wife are a real estate investing team, and they’re just getting started. They have purchased and sold a four unit multifamily building, as well as bought a couple of other deals and are currently holding those. Hear how they got started with little cash to invest, and how they plan on continuing their real estate investing careers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t do it yourself, know what you’re good at, and find yourself a team” - DJ Cummins DJ Cummins Real Estate Backgrounds: Started in 2015, have purchased 3 properties/6 units, now have approximately $85k in equity, monthly cash flow of roughly $700 per month, with an initial investment of only $10k Based in Bethalto, IL Say hi to them at their new real estate blog http://www.ragstonicerrags.com/ Best Ever Book: The Book on No and Low Money Down by Brandon Turner If you’re a passive investor wanting to learn more about questions to ask sponsors in order to q

Dustin had a few different businesses as he was figuring out his path. Once he came across real estate investing, he found his last business. He stopped all the other businesses, which he says required more work and made less money than real estate investing. Now a successful investor, Dustin is also helping others build their own real estate investing businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We’re investing for the long term” - Dustin Heiner Dustin Heiner Real Estate Background: Host of the Master Passive Income Podcast Active real estate investor who quit his job at 37 thanks to his rental property investing Based in Peoria, AZ Say hi to him at: https://www.masterpassiveincome.com/ Best Ever Book: Richest Man in Babylon If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.

Ed is a do it all kind of person and investor. He loves helping his clients make great decisions on their investments, as well as doing his own deals. Not to mention he brokers hard money, the “Lending Tree of hard money” as he calls it. Tune in to hear how he gets hard money for his clients, as well as what he tells newer investors as they are breaking into the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Some lenders have bigger names and people think they are better because of their name” - Ed Hendrickson Ed Hendrickson Real Estate Background: Full time real estate professional, focuses on helping others invest while building his portfolio First year as a real estate business owner, he assisted in closing over $20 million in transactions Based in Hoboken, NJ Say hi to him at https://www.hardmoneyproject.com/ Best Ever Book: A Million Bucks by 30 If you’re a passive investor wanting to learn more about questions to ask sponsors

Alex is an entrepreneur and real estate investor, when he’s not busy with landscaping, he’s working on his own deals. When Alex wanted to start, he didn’t have the cash to get started, his first deal he was able to trade landscaping services for a down payment on a seller financed deal. After that, Alex teamed up with an experienced investor (money partner) and has been completing deals since then. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Every deal will test you, some worse than others” - Alex Holt Alex Holt Real Estate Background: Owner of Buying Cincinnati Houses Has done over 10 deals with no cash out of pocket Completed several land contract deals that he was able to flip with little more than sweat equity Based in Cincinnati, OH Say hi to him at https://www.facebook.com/alex.holt.777 Best Ever Book: Rich Dad Poor Dad If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opport

We received a couple of great questions over the last week, and decided to answer them today on Follow Along Friday. Joe will answer a question about getting a potential seller to want to sell, as well as responding to a question about who controls the bank account in an apartment syndication. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Get curious, what could be their motivation?” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Time to get back into financing for apartment syndication deals. Today Theo will be discussing the top agency loans available. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is a required occupancy of at least 90%” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Another week, another syndication school series. This week, Theo is discussing financing for your apartment syndication deals. He’ll be covering all the different options, recourse vs. non recourse, and discussing a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Different loan officers specialize in different loan types” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike’s real estate career started off a little unusual compared to most, as his first deal was in Russia. After that deal, Mike started buying duplexes and small multi’s in Texas. He wanted to get out of the landlord life, so he sold half of his portfolio. Now Mike is raising capital for deals, and has helped investors acquire over 3,800 multifamily and self storage units. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Real estate investing is a relationship business” - Mike Krieg Mike Krieg Real Estate Background: Co-founder of Steeple Rock Partners, LLC Has been investing in real estate for 14 years Has helped provide investor funds to purchase 3,800 apartment and self storage units worth $300M Based in Austin, Texas Say hi to him at https://www.steeplerockpartners.com/ Best Ever Book: Think and Grow Rich If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and

Most of us know by now that our national real estate market is cyclical. With that in mind, Ryan and Mark have created a fund for investors as well as themselves to get conservative returns, while also growing the fund. We’ll hear about what assets they invest in and what they look for with potential deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of investors today read the PPM but don’t really think about what is the senior debt? Debt in a recession is what gets everyone in trouble” - Ryan Andrews & Mark Khuri Ryan Andrews & Mark Khuri Real Estate Backgrounds: Founders and managers of Aerial Investment Management. In 2018, they launched the Recession Resistant Fund. A diversified real estate fund for passive investors targeting asset classes that are designed to perform through a recession or a volatile market cycle. Fund has invested in 7-10 deals as an equity partner Based in Bend, OR Say hi to them at http://bit.ly/2N3vd3v Bes

Antoine has been investing in real estate for four years now, and he’s only 23. Turnkey was not always the business plan, but that is what the company has grown to. Just two years ago, they did 10 houses, last year they did 60, this year they’re on track to complete 100 deals. Learn what he does to grow his business to 100 deals per year in four years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “From the networking, I had a pool of people that were interested in turnkey rentals” - Antoine Martel Antoine Martel Real Estate Background: 23 year old real estate investor Does 100 flips per year (turnkey rentals), owns a 20 unit apartment building Based in LA, CA Say hi to him at https://martelturnkey.com/ Best Ever Book: The 10X Rule If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We crea

Edgar took over a struggling janitorial company at the age of 23 in 2008. He took that struggling business and grew it into a successful commercial and construction cleaning company, helping investors clean up their properties after construction. It wasn’t always easy, Edgar worked two jobs for some time. He’s had success, but some of the business slowed for a while, Edgar did not given up, he’s working harder than ever to get his business to levels it has never reached. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I didn’t know how I would pay the bills, but I knew that if I kept learning, and putting myself out there, I would make it” - Edgar Aguilar Edgar Aguilar Real Estate Background: Owner of Legacy Construction Cleaning Has been working with investors and construction crews, cleaning facilities for over 20 years Based in Denver, CO Say hi to him at https://www.legacyconstructioncleaning.com/ If you’re a passive investor wanting to le

Last Follow Along Friday, Theo mentioned that he has decided to sell his 12 unit portfolio. Joe was taken by surprise and wanted to really dive into the story with Theo on another episode of Follow Along Friday, rather than quickly mentioning it in last week’s episode. We’ll hear the mistakes Theo made, which is part of the reason why he’s selling now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Anytime I had a few months of cash flow, I’d have to spend that cash flow to fix something else” - Theo Best Ever Listeners: We have launched bestevercauses.com   We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Now it’s time for the second and last part of this Syndication School series on submitting your apartment syndication deals. Theo is diving deep into the details so you can walk away from these two episodes know exactly how to submit your offers on large apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Based off the seller’s motivation and everything you learned in the underwriting process, either submit your offer, or decide to walk away” Free LOI Examples: http://bit.ly/loiexamples2  Best Ever Listeners: We have launched bestevercauses.com   We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready for some more syndication knowledge bombs from our resident apartment syndication instructor, Mr. Theo Hicks. He’ll be taking another step forward in the syndication process, explaining step-by-step how to submit your apartment offers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If there isn’t a price listed, there are a few ways to get a ballpark idea of what the price will be” Free LOI Examples: http://bit.ly/loiexamples2  Best Ever Listeners: We have launched bestevercauses.com   We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex’s first deal took him 6 months to close, and he only made $1800. After that, he realized he was doing something wrong. He made some changes, continued taking risks, and now succeeds at a high level in real estate investing. Learn how he kept going even after a bad first deal, and what tactics he employs to avoid another bad deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You think you know something, but more than likely you haven’t played all angles of devil's advocate” - Alex Brodowski Alex Brodowski Real Estate Background: Real Estate Developer and founder of Westmont Capital Group, LLC. Owns multifamily, retail, and light industrial properties Last year they had $30M worth of inventory they moved Based in Nashville, TN Say hi to him at abATwestmontcapgroup.com Best Ever Book: Think and Grow Rich Best Ever Listeners: We have launched bestevercauses.com   We profile 1 nonprofit or cause every month that is near and dear to our