Best Real Estate Investing Advice Ever With Joe Fairless

We get to hear from a commercial broker today who is top 10 in both leasing and investment sales in San Antonio. Bethany founded and is the co-owner of a full service commercial firm. We’ll also hear from her on the importance of finding a good mentor to help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Integrity first and foremost, after that persistence” - Bethany Babcock on what separates a good broker from a great broker. Bethany Babcock Real Estate Background:   Founder and Co-Owner of Foresite Commercial Real Estate, a full service real estate firm in San Antonio   Named one of the top 10 Brokers in San Antonio in the categories of both leasing and investment sales Based in San Antonio, TX Say hi to her at https://foresitecre.com/ Best Ever Book: Secrets of Closing The Deal by Zig Ziglar Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool

There are alot of note investors, both performing and non-performing. DeAnn is here to tell us more information on the strategy. We’ll hear what to look for both good and bad, and also how to know what the worst case scenario is. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t fall in love with your deal, every time I see someone do this, they make a mistake” - DeAnn O’Donovan DeAnn O’Donovan Real Estate Background: President & CEO of AHP Servicing Has over 25 years of experience in real estate, financial services, asset management, mortgage lending, and residential loan servicing Based in Chicago, IL Say hi to her at https://ahpservicing.com/ or ceoATahpservicing.com Best Ever Book: The Alchemist Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve have talked, and will continue to talk extensively about the syndication process with real estate. For the most part, everything we talk about pertains specifically to multifamily syndication. We’re talking syndications again today, but this time it’s in reference to farm land. Chris and his company help farmers get farm land by helping them raise money via a syndication structure. Chris tell us about the different hurdles he and his company have to overcome to make these deals happen, with a great explanation of “cow math”. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ve seen one multifamily deal, you’ve seen them all, you see one agriculture deal, you’ve seen one agriculture deal” - Chris Rawley Chris Rawley Real Estate Background: Founder of Harvest Returns – an agriculture investment platform Invested in residential, commercial, and agricultural real estate for 20+ years 26 years active & reserve Navy service, traveled to more tha

As a previous guest, Rock already shared his Best Real Estate Investing Advice Ever. Today he’s back for a Skill Set Sunday episode because he wants to help more people. We’ll hear Rock discuss how people can get started in real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You could make $1000 passive-ish income” - Rock Thomas Arvin (Rock) Thomas Real Estate Background: Owns over 6 real estate franchises with over 270 realtors selling over $1 billion annually Certified NLP Practitioner Has increased sales and revenue every year for 17 years years in a row Listen to his previous episodes: JF314: How to Find a Millionaire Mentor to Guide Your Career JF676: Mind Tricks to Overcome ANY Unfavorable Situation and How to Think #situationsaturday Based in Montreal, Canada Say hi to him at https://rockthomas.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa

Today we have two guests with us today to discuss real estate taxes. Stessa is our sponsor and also our guest today, along with Thomas Castelli, an investor, CPA, and tax strategist. So hit play to hear the easiest way to handle your taxes and hear about the new laws. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Since the introduction of the Tax Cuts & Jobs Act in 2017 many real estate investors have wondered how these new rules and incentives will affect their taxes this year. Things were so confusing in fact that the IRS recently released clarification on the 20% pass-through deduction, and specifically singled-out real estate investments as needing more clarity. Devin Redmond, Head of Customer Success at Stessa and Thomas Castelli, CPA & Tax Strategist at the Real Estate CPA teamed up to help provide clarification on taxes for real estate investors by creating a series of resources that investors can reference. Best Ever Tweet: “You really want to be taking a

Tom and his company specialize in hospitality and restaurant brokerage. That’s where Tom built a career for many years before the long hours and his family made him want to make a change. With 30 years of restaurant and night club experience, Tom is the perfect partner for investors who are looking for restaurant deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You buy quality real estate and you’ll make a lot of money if you hold on” - Tom Prakas Tom Prakas Real Estate Background: Tom has 30 years experience in the restaurant, nightclub and sports bar industry Has owned 27+ popular establishments throughout Ohio, Georgia and South Florida He and his team have sold or leased over 400+ restaurants and commercial properties Based in West Palm Beach, FL Say hi to him at https://www.prakascompany.com/ Best Ever Book: Art of the Deal Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stess

Today’s syndication school is continued over from yesterday’s episode. Theo will cover the rest of the assumptions you will be setting. So dive in and hit play to learn more about how to do an apartment syndication deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Landscaping is one of the first things that people see when they come to your property so you want to make sure it is nice and clean” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Time to start learning about setting assumptions. You’ll be setting a few assumptions when underwriting value add apartment syndication deals. Theo will be discussing those assumptions, and how to accurately set them in today’s Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re doing a deal that’s smaller than 250 or 200 units, you can use the 1.75% number” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the most popular ways to get started in real estate is through house hacking. This is how Chad got his start as well, only he did it a little different. Usually, someone will purchase a multifamily property and live in one of the units while renting out the other unit or units. Chad needed someone to help pay the mortgage so his friend moved in and his rent paid almost the whole mortgage. That got chad started and he quickly set out to get more property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I had the company as an insurance blanket and it bailed me out a couple of times” - Chad Hudson Chad J Hudson Real Estate Background: Started investing in 2000 when he was burnt out on baseball Founded Savoy Companies and grew to over 30 units Based in Rockwall, TX Say hi to him at https://www.savoycompanies.com/ Best Ever Book: The One Thing by Gary Keller Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your

Daniel and his parents immigrated to the United States in 1999, they faced tough times growing up as the family struggled financially. Daniel bought his first deal specifically for his parents and their retirement at the age of 22. Now he’s scaled his business to owning 75 units and is also fixing and flipping multiple properties at the same time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When I first got into real estate, I only wanted to learn, I wasn’t even hungry for a deal” - Daniel Kwak Daniel Kwak Real Estate Background: Started investing at 20 years old Owns over 75 units and currently doing 6 fix and flips Based in Aurora, IL Say hi to him at https://thekwakbrothers.com/ Best Ever Book: Pitch Anything Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam is here to talk fundraising with us today. Not necessarily fundraising to purchase real estate, but rather for non profit organizations. Adam and his company use real estate to raise the money for different charities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They usually make as much or more than if they rented it out” - Adam Capes Adam Capes Real Estate Background: Co-founder and president of Getaway2Give, a company changing the way non-profits raise money Their mission is to be the best in the country at helping charities and schools raise money, they’ve helped raise over $10M so far. Based in Atlanta, GA Say hi to him at https://www.getaway2give.net/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Taxes are an inevitable part of running a business, sometimes things can go wrong. When the IRS comes knocking, it’s better to be prepared. Shanyn has helped her clients and is here to share some tips with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re handing an IRS agent a copy of your bank statement that has co-mingled business and personal funds, that opens up all of those transactions for scrutiny” - Shanyn Stewart Shanyn Stewart Background: Tax strategist and serial entrepreneur   Has been helping clients with taxes for 22 years with her company Advanced Accounting Based in Lambertville, MI Say hi to her at https://advancedaccounting.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe and Theo are back for another round of Follow Along Friday. Today, Joe is sharing his best lessons learned from last week, when he interviewed nine people for the podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When you come up with a good life number, you can put together a plan to reach that number” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s episode covers part four of seven on our value add apartment underwriting strategy. If you didn’t listen to yesterday’s episode, you should. Theo began covering the underwriting process so you’ll want to hear that first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You don’t want to spend too much time investigating one small assumptions” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Theo has covered a ton of details so far for apartment syndication deals. Today we’ll start learning about the actual underwriting process. Steps 1, 2, and 3 are covered today, with more to follow! PLUS we’re including a free simplified cash flow calculator for you to practice your underwriting with, can be used along with these episodes to follow along. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You want to make sure the T-12 is current” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sometimes getting creative is necessary to make a deal work. Zach and the company he works with, only do creative deals, or as he says they buy on terms. He has three primary creative financing strategies; lease purchase, owner financing, and subject-to. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Ideally on a subject-to deal, it’s going to be a long term deal” - Zach Beach Zach Beach Real Estate Background: Successful real estate investor Has completed over 100 deals in under 3 years, buying and selling properties without using any of his own cash, credit, or investors’ money Based in Newport, RI Say hi to him at www.freesrecbook.com Best Ever Book: Surrender Experiment Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ari decided to take more control of his financial destiny, so he began investing in real estate. We’ll hear his story of working full time at a job while working on a real estate portfolio part time. For most of us, this is how we get started, and hearing a successful example to follow can help anyone who wants to be in the same situation as Ari. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Identify your niche and competitive advantage and leverage it very aggressively to differentiate from the crowd” - Ari Ari’s Real Estate Background: Went from Journalist to marketing for 10+ years & part time real estate investor Controls over $1.5 Million of real estate while working full time Kapel Real Estate Based in Chicago, IL Say hi to him at kapelrealestateATgmail.com, https://youtu.be/7XnlQo0IMDo Best Ever Book: Crushing it in Commercial Real Estate by Brian Murray Sponsored by Stessa - Maximize tax deductions on your rental properties. Get y

Precious metal investing, that’s what we’re covering today. Ken is an expert and owns a company that helps people invest in precious metals. He’s sharing the benefits of precious metal investing with us today, even if you never pay him for services or products, he shares great information for you to think about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We ship over 80% of our orders the same day” - Ken Lewis Ken Lewis Real Estate Background: Results-oriented professional with more than 25 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500 Chief Executive Officer at APMEX, the largest precious metals retailer in North America Based in Oklahoma City, OK Say hi to him at https://www.apmex.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more abo

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers Terry Lammers Real Estate Background: Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company Had 11 different companies he grew to $40 million in annual sales before selling in 2010 Based in Fallon, IL Say hi to him at http://www.innovativeba.com/bestever Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.

For Follow Along Friday this week, Joe is sharing some favorite lessons he learned while doing his interviews for the podcast last week. You’ll hear tips from multiple investors, all with a different skill set as it relates to real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Lessons Learned: Alan Fruitman: Stay in your lane Jake Stacy: Having proper insurance Jason Palliser: Executing on deals David Greene: Cash flow is the defensive mechanism in the single family space Best Ever Tweet: “Cash flow isn’t the best thing to think of when buying single family homes, rather it’s the equity appreciation” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices