Best Real Estate Investing Advice Ever With Joe Fairless

Frank and Joe are having another case study conversation of a recent deal which they took full cycle. The property had its own unique set of challenges they had to overcome to make this deal work. From unexpected repairs to the outside and foundations, to replacing an entire new fence around the property. They also did a lot of things right with the deal, and we’ll hear about that too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Now we do our own property condition assessment” - Frank Roessler Frank Roessler Real Estate Background: Founder of Ashcroft Capital Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments Based in NYC Say hi to him at ashcroftcapital.com Previous case study: JF1645: We Completed A Business Plan & Sold A Deal – Here Are The Details – with Frank and Joe Frank’s Best Ever Advice: JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday How grea

Today we’ll hear a case study from our guest Lennon, about how and why he started as a passive investor, and transitioned into active investing. Lennon actually started out with the intention to be active, but used the passive route to learn the business a little while getting returns on his money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I wanted to be active but learned the business by being passive” - Lennon Lee Lennon Lee Real Estate Background: Founder of BLD Capital Group Has been involved in the acquisition of over 1,500 units of multifamily real estate with an approximate market value of $150 million Based in Miami, FL Say hi to him at https://www.bldcapitalgroup.com/ How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of inco

David is now co-host of the BiggerPockets podcast, and author of a book focused on teaching the BRRRR method. He has a lot of experience as an investor, agent, and educator, now he’s finding new ways to share his knowledge with his book. We’ll cover what you can expect to learn by reading his new book, and cover the BRRRR method a little more in-depth than we ever have. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If more people did that, they just wouldn’t suck at life” - David Greene David Greene Real Estate Background: Real estate agent and investor, co-host of the BiggerPockets podcast & Keller Williams Rookie of the Year Started investing in 2009, has a portfolio of over 30 SFR’s & shares in large apt. communities, mortgage notes, and note funds Based in San Francisco, CA Order his new book here: Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Listen to his previous episode: JF806: How He

If you’ve listened to any Follow Along Friday episodes with Joe and Theo lately, you know the format. Joe and Theo will share what they learned last week from interviewing other investors for the podcast and explain how that can relate to us. Today, Theo is sharing his lessons learned from doing all the interviews last week, as Joe had to be out of town. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “He has to understand the yields of certain crops, so working with the farmers when he is underwriting is very important” How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad ch

More underwriting talk today with Theo. We all know it’s important for apartment syndication. Even if you know what you’re doing, it never hurts to hear how others underwrite, you might learn something new. Today Theo will comer how to run a good Rental Comp Analysis and what to do with it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You can assume that if you perform the same level on renovations on the remaining units, you’ll achieve that same $100 rental premium” Free Document: http://bit.ly/RCAforsyndication  How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad cho

Syndication school is back! We’re just going to jump right back into it today. Theo will pick back up where he left off with underwriting. Specifically, today he’ll be talking about how to determine your asking price. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ll know how much money you should pay for the deal, and how much you need to raise” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Frank has been on before, both to share his Best Ever Advice, and also to discuss another deal that Ashcroft (Joe and Frank's apartment syndication company) took full cycle. We’ll hear why they bought the property at a time most investors were not optimistic about the market the property was in. They tell us about the business plan, and how it actually unfolded. This was only Ashcroft’s second property purchase, so a lot of learning opportunities along the way! Take their lessons learned with this deal, and apply them to your business, without having to suffer through the trials yourself. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We could have done a better job with our lease audit, unit walks, and really getting to know the extent of the demographic around us” - Frank Frank Roessler Real Estate Background:   Founder of Ashcroft Capital Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments Based

Hakeem is a tight end for the New York Giants (as of the recording) and a real estate investor. He shares how he became interested in real estate investing, and we also hear some deal specifics. Hakeem explains how he put together his first sample deal package to show to potential investors, and how he presented it to them to secure verbal commitments. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You can work your way into real estate deals by adding value to others” - Hakeem Valles Hakeem Valles Real Estate Background: Tight end for the New York Giants Has been investing in real estate for 7 years, started by flipping 10 houses in college Based in NYC Say hi to him at https://www.linkedin.com/in/hakeem-valles-242960157/ Best Ever Book: The Go Giver How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform

Brendan has worked with celebrities and personalities, helping build their brand for years. Today, he is sharing some of his best strategies with us. It’s no secret that we’ll need to have a large reach as investors to keep deals and capital flowing through the business. Find out how to organically grow that reach. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Keep swapping out different variables so that you can really control your content” - Brendan Kane Brendan Kane Real Estate Background: Digital strategist for Fortune 500 corporations, global brands, and celebrities. Best known for building a million followers in 100 countries in less than 30 days Based in Beverly Hills, CA Say hi to him at https://onemillionfollowers.com/ How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited inves

Leads - they can make or break your business. Not so much the leads themselves, but how you follow up with those leads. Dan is an expert in that area, and that is what he does with his business. He now helps investors get leads, and follow up with them, in exchange for a 50/50 split of deals with his trusted partner. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Cold calling is harder, the harder it is to scale, the better it will be and less people will be doing it” - Dan Schwartz Dan Schwartz Real Estate Background: CEO of InvestorFuse, a lead management workspace for real estate investors Has helped hundreds of investors automate part of their business Based in Austin, TX Say hi to him at https://www.investorfuse.com/ Best Ever Book: Rocket Fuel How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform fo

Joe and Theo are back at it with Follow Along Friday, telling us the best things they learned in the previous week. Joe interviews a group of real estate investors every week for the podcast, today he tells us about the best things he learned from those interviews last week. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Are you really doing all the direct mailing that you could really be doing?” How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Terry helps business owners quit being an employee in their businesses, and start getting to work as actual business owners. He also has experience in real estate investing, everything he shares with us today, relates to real estate investors. As real estate investors, we pretty much run small businesses, often times the owner is doing too much in their business to really work on their business. Terry has some tips to share with us today to start reversing that issue. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “We think in pictures, this is why vision boards are so important” - Terry Ogburn Terry Ogburn Real Estate Background: Owner and Lead Business Coach of Ogburn’s Business Solutions - helps business owners work on their business, not in it Worked with Century 21 for 6 years, turning offices around Specializes in recruiting, training, and managing, took one office from #382 to #56 in closed volume within one year Based in Tampa, FL Say

Sabine was out of law school and struggling to find a decent job. Rather than settle for something less, she started her own firm. FRANCO LAW FIRM, P.C. is her firm and they focus on real estate law and business law. Needless to say, Joe and Sabine will be covering a lot of real estate investing law in today’s episode, but we also hear her personal story which we can all learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Start early, a lot of people spend a lot of time learning, but you learn more by doing” - Sabine Franco Sabine Franco Real Estate Background: CEO and Principal Attorney at FRANCO LAW FIRM, P.C. Established in 2012, her practice strategically focuses on Real Estate Law and Business Law Has 5 years experience working in the mortgage and real estate industries Based in NYC Say hi to her at http://www.franco-lawfirm.com/ Best Ever Book: The Four Agreements How great would It be to buy a piece of institutional-quality, i

Lee has built his own brokerage in Chicago, focusing solely on multifamily apartment buildings. He’s here today to talk about that journey, as well as talk to us about some unique aspects of investing in real estate in Chicago. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Understand your risk tolerances” - Lee Kiser Lee Kiser Real Estate Background: Principal and Managing Broker of Kiser Group Before starting the Kiser group, Lee was the top producing apartment broker in Chicago at his brokerage Has a personal career transaction volume greater than $3 Billion. Based in Chicago, IL Say hi to him at http://kisergroup.com Best Ever Book: The Sharpe Series How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building

Jerome has worked on other peoples’ deals, as well as his own. He and Joe will talk specifics on a 23 unit heavy value add deal that Jerome is still working on. What problems has he ran into, how did he find the deal, and how does he plan on going from no tenants to fully leased? Listen in now to find out. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’ve watched people buy bad deals just because they wanted to get a deal” - Jerome Myers Jerome Myers Real Estate Background: Serves as an executive coach, real estate investor, and business strategy consultant at The Myers Development Group Asset manager for over 75 units and 75,000 square feet of workforce housing across Virginia and North Carolina Hosts the Dreamcatcher podcast Based in Greensboro, NC Say hi to him at http://d3v3loping.com/ Best Ever Book: Millionaire Success Habits How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now

Joe has been building his portfolio by renovating and adding value to his properties, pulling out the equity, and reinvesting into his real estate investing business. We’ve covered that with him previously, today he is going to tell us how to “tenant proof” our investment properties. Not only does Joe tenant proof his properties, he maximizes the ROI while doing so. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “All the flooring is pretty much indestructible, no plastic plumbing or fixtures” - Joe Cornwell Joe Cornwell Real Estate Background: Realtor and investor for three years Owns 16 units through the BRRRR method Based in Cincinnati, OH Listen to his previous episode: JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell Say hi to him at jcornwellATrealtyonestop.com How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… w

The title is simple today because the topic is as straightforward as they come. Greg’s strategy when it comes to real estate investing is to never hold any investments. Ever. He has his reasons and even a method to it, hear why he never holds, and what investments he does get into. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It can make sense to own properties, but what’s the difference between that and a big huge pile of cash?” - Greg Dickerson Greg Dickerson Real Estate Background: Entrepreneur, real estate investor, and developer Over the past 20 years he has bought, developed and sold over $200 million in real estate Started 12 different companies from the ground up Say hi to him at https://gregdickerson.com/ Based in Charlottesville, VA Best Ever Book: Principles by Ray Dalio How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fun

We’re throwing you a curveball today, neither of our usual hosts are on this episode. We do have two outstanding real estate investors and fellow podcast hosts (bios and podcasts below) with us to share what are the biggest challenges they’ve faced, and what they would tell their younger selves as they were starting this journey. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Done is better than perfect” - Whitney Sewell Ryan Cox Real Estate Background: Founder and principal of Founders Grove Capital Has raised and structured equity for over $300 million in multifamily assets Host of the podcast The Real Estate Innovators Based in Austin, TX Say hi to him at https://www.foundersgrovecapital.com Whitney Sewell Real Estate Background: Began real estate journey in 2009, now syndicates apartment communities, giving 50% of profits to help children get adopted Host of The Real Estate Syndication Show Based in Roanoke, VA Say hi to him at ht

Anna and her team have been on fire in the past six months! We get a lot of insight from her today; not only on the success and lessons learned from the past six months, Anna also shares her story of getting to where she is now over the past decade or so. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If your rent comps are not correct, your whole deal falls apart” - Anna Myers Anna Myers Real Estate Background: Vice President at Grocapitus, a commercial real estate investment company Applies her 20+ years of experience in technology and business to the finding, analyzing and acquiring of Commercial properties in key markets across the U.S. Based in San Francisco, CA Say hi to her at https://multifamilyu.com/ Best Ever Book: Best Ever Apartment Syndication Book How great would It be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a ne

Today’s show features a guest whose main focus with his career is helping teams and businesses grow. Danny shares his best advice on the topic with us today, you may be surprised to learn that team culture is often the biggest area of concern for Danny as he starts working with teams. How do you build an excellent team? Tune in to find out. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “As a leader, you have to make the people feel like they are your priority” - Danny Coleman Danny Coleman Real Estate Background: Has been working for small teams and businesses since he was 14 years old He has a passion for small businesses and helps owners grow their businesses He was COO of a real estate development firm for four years Based in Columbia, TN Say hi to him at www.DannyColeman.me/podcast Best Ever Book: Can't Hurt Me: Master Your Mind and Defy the Odds by David Goggins How great would It be to buy a piece of institutional-quality, income-pro