Best Real Estate Investing Advice Ever With Joe Fairless

Loe was making good money running a car dealership, but was not fulfilled. He wanted to get into property management, but no one would hire someone who was taking a huge pay cut! He finally got a job as an assistant property manager and started learning the business. Eventually he learned about residential assisted living and started building that business, which is still his main focus. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I think it’s great to have a third party take care of stuff for you, but at the same time you have to know enough to know if someone is a good property manager or not” - Loe Hornbuckle Loe Hornbuckle Real Estate Background: CEO and founder of Sage Oak Assisted Living and Memory Care Sage Oak is “the boutique assisted living company” with 5 locations in Dallas and a total of 40 beds. Has two developments in TX and Louisiana, totaling 300 beds and estimated value of $45M Based in Dallas, TX Say hi to him at https://t

At some point, most of us start thinking about retirement. John was ahead of the curve for most people and at a younger age started projecting out his income and savings. He realized retirement was not looking great, tried to figure out the stock market, then fell in love with real estate investing. Now he’s got a large portfolio and currently working on a 41 unit deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It’s all about partnerships” - John Fortes on his real estate investing success John Fortes Real Estate Background: One of the founding partners of Community First Investment Group has 62 units under management and is currently syndicating another 41 units Based in Boston, MA Say hi to him at https://www.cfigwealth.com/ Best Ever Book: The Third Door 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

Nico’s investing strategy is a little bit different than most strategies we usually talk about. He also lives a different lifestyle than probably most of us listening to this episode. Nico is a nudist who built a colony of nudists on vacant land that he bought. Hear how he did it, what kind of returns he got, and how he plans on doing it again in a new place soon. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When investing into a community, you’re investing into the people as well” - Nico Blue Nico Blue's Real Estate Background: Principal and Managing Broker of Blue Investing Before starting the Blue Investing, Nico was a top producing apartment broker in Southern California at his brokerage Has a personal career transaction volume greater than $2 Billion. Based in Boulder Creek, CA Say hi to him at: http://www.mattazark.com/ Best Ever Book: The Art of Loving by Erich Fromm Sponsored by Stessa - Maximize tax deductions on your rental prop

Gerri has been involved in consumer credit education for many years, even writing a book on it. Gerri was hearing from real estate investors that people were getting scammed trying to get credit for their real estate business. She’s here today to explain how we can get credit for our businesses and how to spot a scam. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!    Best Ever Tweet: “I’m not aware of any major credit card issuer that issues a business credit card without a personal guarantee behind it” - Gerri Detweiler Gerri Detweiler Real Estate Background: Education director for Nav.com, the first site to give business owners free person and business credit scores 20 years of experience in the credit industry Based in Sarasota, FL Say hi to her at https://www.nav.com/freeaccount   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 yo

Nathan had a problem, he needed to hire team members and saw the need for others too. So he created a company to help provide good remote team members for businesses and people that need help. Hear his best tips as it pertains to hiring a new person. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on whether or not they are the perfect fit for you” - Nathan Hirsch Nathan Hirsch Real Estate Background: Co-founder and CEO of FreeeUp.com, a marketplace that connects businesses with pre-vetted freelancers in eCommerce, digital marketing, and much more Has sold over $30 million online Based in Orlando, FL Say hi to him at https://freeeup.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

A little bit of a change up for today’s Follow Along Friday, we’re having a guest on the show with Joe. John has been on the show in the past (episode 487) and is sharing some of the best things he learned in his business last week. Of course Joe will be sharing his best lessons learned last week too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I struggled in the beginning with saying “I’m not good at that” and would try to everything on my own” Listen to John’s Best Ever Advice: JF478: From Live-In Duplex to 13 Rentals ($1.5 MM)—In Three Years! John Casmon Real Estate Background: Real estate entrepreneur, controls over 700 units as a GP Host of the weekly real estate podcast Target Market Insights Based in Chicago, IL Say hi to him at https://www.casmoncapital.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

Ryan and his team were focused on wholesaling and then flipping, and then got into buy and hold investments. He’s built a good sized real estate business and is here today to tell us how he’s been able to have great success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One of our acquisition guys gets 10-12% of the commission on something we sell” - Ryan Dossey Ryan Dossey Real Estate Background: Buy & hold investor with assets in Indianapolis, Louisville, and Saint Louis. Also the founder of Call Porter and Ballpoint Marketing Closed on 73 units last year using the BRRRR method Based in Indianapolis, IN Say hi to him at: Facebook:https://www.facebook.com/ryan.i.dossey Instagram: https://www.instagram.com/ryancdossey/ Youtube: http://www.youtube.com/c/RyanDossey Best Ever Book: Extreme Ownership Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for re

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