Best Real Estate Investing Advice Ever With Joe Fairless

For this week’s Follow Along Friday, Joe and Theo are answering another list of questions from a listener. This conversation can resonate with every level of investor because some of the tips and advice they offer are things we should always be working on, even if we consider ourselves real estate professionals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You have three paths to obtain the property, earn the money, partner with someone with money, or owner financing” 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

Part 6: Two more deal finding case studies Yesterday Theo talked to us and walked us through an example of cold texting to find an apartment syndication deal. Today, we get two more case studies of deal finding. One case study is from Joe on how he was able to secure a couple of deals over every other investor fighting for one of them. The other case study is with a previous guest, Daniel Ameduri on how he eliminates his competition in the market. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Free document for this episode: http://bit.ly/freedoc9 Daniels episode explaining his strategy: https://joefairless.com/podcast/jf1106-how-to-find-owner-financing-deals-with-daniel-amedu Best Ever Tweet: “If you have someone who wants to downgrade to a 1 BR, you can send them to your property across the street” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adch

Part 5: Cold Texting Welcome back to syndication school! This week, Theo is wrapping up the series on “how to find your first apartment community”. Today he’ll be covering cold texting owners of apartment buildings and communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “To find owners who are motivated to sell, you have a few options” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Growing up, Pete watched his Grandma own a lot of real estate and seemingly do whatever she wanted to do. He set goals to be the same way when he grew up. As life so often does, Pete was thrown some curveballs. He found himself homeless, joined the Navy, and then started working on a fund and platform that allowed anyone to invest in real estate and reap the benefits. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “95% of seniors saw a 50% reduction in pain from using cannabis” - Pete Asmus Pete Asmus Real Estate Background: High performance real estate investor with a passion for creating smart investment opportunities for anyone, no matter their financial status. Raised over $10 Million last year for high end flips and small business start ups Based in Los Angeles, CA Say hi to him at pete@peteasmus.com Best Ever Book: The One Thing Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com L

This episode takes a little bit of a dive into the mindset and habits that are needed to take one’s self from a place you’re not happy with, to thriving both personally and professionally. We also hear about how to build large businesses and even open our own banks. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on the value, not the price” - Angelo Christian Angelo Christian Real Estate Background: CEO of Christian Financial 15 years of experience in the real estate industry Went from poor and living in his car to a self made millionaire Nationwide lender, one of the top leaders in Houston Based in Houston, TX Say hi to him at www.officialangelochristian.com Best Ever Book: Dream Big Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Aaron has been on before, this time he’s talking about how he is setting up his children to succeed after he is gone. This is important for obvious reasons, and some less obvious reasons. Hear why Aaron is doing this, and how he is able to do it for himself, and help others do the same. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They want to leave a legacy for their kids, but by the time the grandson takes over, it gets destroyed” - Aaron Chapman Aaron Chapman Real Estate Background: 21 year veteran of Real Estate Investment finance Ranked in the top 1% of his industry & #12 nationally for transactions closed Listen to his previous episode: JF1537: Grow A Huge Real Estate Business By Helping Others Get What They Want with Aaron Chapman Based in Mesa, AZ Say hi to him at www.aaronbchapman.com Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com   Learn more about your ad choices. Vi

Paul had everything most newer real estate investors want; a large business with a lot of units and employees. He began to want something else however, cashed out and took up modeling in Asia! Now he and his family are back in the States and building another real estate business, hear why this time is better than the first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “No deal will go through perfectly and you have to plan on that” - Paul Nagaoka Paul Nagaoka Real Estate Background: Started studying no money down real estate at 12 years old Got started in real estate 14 years ago, purchased 350 units and had a team of 35 Based in Kansas City, MO Say hi to him at https://syndicatekansascity.com/ or www.howtoinvestinrealestate.net Best Ever Book: Never Split the Difference Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Social media. It consumes a lot of people at all times of the day. Today, Joe and Theo are answering a question sent in from a listener asking about social media and it’s importance for real estate investors, especially just starting out in apartment syndications. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “At this point in time in our culture, you’re not allowed to be closed off” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 4: 9 More Ways to Find Off-Market Deals Don’t need much description and intro here. We’re continuing last episode’s focus on finding off market deals. Let’s get to it! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you build a relationship with them, they might know and tell you who is looking to sell soon” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 3: The Main Way To Find Off-Market Apartment Deals Last week Theo began discussing how to find properties for you to syndicate. We heard about on market properties, now it’s time to start talking about off market properties. When it comes to syndicating large apartment communities, you will not be alone in your hunt for deals. Having a few different sources and avenues to explore can only help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of people who do direct mail campaigns will use online tools to build a list” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

From no job and submitting endless amounts of job applications to entrepreneur and financial independence, all in just 6 years time. Grant got his start by getting certified with Google Ad Words and hit the ground running, getting into real estate investing along the way. Hear how he was able to work his way up to a $500k income per year in a fairly short amount of time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I quickly learned what was most important to y buyers was to look good for their boss” - Grant Sabatier Grant Sabatier Real Estate Background: Creator of Millennial Money and host of multiple finance podcasts Writes about personal finance, investing, entrepreneurship, and mindfulness and has been featured in over 200 media outlets Based in New York City, NY Say hi to him at https://millennialmoney.com/ Best Ever Book: Art of Living Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLe

Diego came to the United States as an immigrant with his parent when he was nine years old. He is a DACA recipient and is successfully working full time while building his real estate business. From his first house hack, to strictly investment properties, and even some AirBnb’s, Diego has a vast range of real estate knowledge to share with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Invest for cash flow, not hoping for appreciation” - Diego Corzo Diego Corzo Real Estate Background: 28 year old DACA recipient Bought first house at 23, started house hacking, now owns 18 doors Based in Austin, TX Say hi to him at http://diegocorzo.com/ Best Ever Book: Dot Com Secrets Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Steven is a returning guest who has built an incredible development business. One of his strategies is to build four unit buildings, rather than single family homes or large apartment buildings. He has been doing that for years and has a very large portfolio because of it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Our goal is to be 1% cap rate higher than the market” - Steven Bond Steven Bond Real Estate Background: Co-founder of Fourplex Investment Group (FIG) FIG has sold over $400M in 6 years in and they have a turn-key multifamily investment vehicle for investors nationally and internationally Hosting The Intermountain Real Estate Investment Summit in February 2019 Listen to his previous episode: JF485: BYU Dropout Began During the RECESSION and WON! Based in Provo, UT Say hi to him at http://www.fig.us/ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about you

Alex has a very specific way of investing, and he’s here today to tell us about it. He has seen a lot of success so far, and has also helped others do the same. Hear about his strategy in today’s episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I haven’t even been to most of the properties” - Alex Felice Alex Felice Real Estate Background: Invests in long distance single-family real estate Commercial banker in Las Vegas Owns 7 houses currently and is known for doing complete rehabs in just 8 weeks Based in Las Vegas, NV Say hi to him at https://www.brokeisachoice.com/ Best Ever Book: Sapiens Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe received an email with a lot of apartment syndication questions recently. He decided to make an entire episode answering the questions. The questions Joe will be answering are: I was curious about syndication deal structure. I'm curious what types of deal structures are typical as far as preferred return vs equity split? For instance, if you offer a 6% preferred return, what kind of equity split is reasonable? How does that split change if you move to an 8% preferred return? Also, length of investment. What's your experience with how fast investors are generally looking to get their money back? 3-5 years? 10 years? Lastly, refinancing. Does Ashcroft capital keep investors in the deal after refinancing and paying back initial capital? If so, does the equity split change at that point? Best Ever Tweet: “I want them to have significant upside for performing well on the deal” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your

Part 2: How to Find Apartment Deals From Real Estate Brokers A very obvious way to find deals: get a broker to bring you on market deals. That being said, it can be a lot easier said than done to earn a good broker’s trust. Theo has covered that in detail before, and will summarize on this episode. Then he’ll discuss how to get on their list for deals, because unlike residential shopping, there is no centralized MLS for large apartment deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If it’s a smaller brokerage, you should be able to contact the owner” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve covered a lot of the apartment syndication process so far. Now it’s time to start talking about actually searching for and finding that elusive first deal. We’ve talked due diligence, financing, raising money, and how to structure the GP & LP compensation. This episode will be covering the details of on market vs. off market deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Now you’re ready to find your first deal” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

  If you’re in a job that maybe you don’t love, Darrin was there too. Luckily, he came across the book Rich Dad Poor Dad and like so many of us, was turned on to real estate investing. He’ll walk us through his current strategies and how he got to where he is today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I want to make it as easy as possible to invest with as little risk as possible” - Darin Garman Darin Garman Real Estate Background: Investing in real estate for over 25 years Has been responsible for over $800,000,000 in apartment and investment property acquisitions Has raised over $70,000,000 in funds for different apartment investment properties Based in Marion, IA Say hi to him at http://www.heartlandinvestmentpartners.com/ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Many entrepreneurs have the issue of writing big fat checks to Uncle Sam every year for income taxes. Dan was in that situation and knew that investing in real estate could help him keep some of his money, and make it earn more money too. We’ll hear more details on the overall benefits of real estate investing, we also get to hear a case study on a 130 unit property that Dan just recently closed on. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You have to go back to your underwriting, run the numbers and see what works” - Dan Handford Dan Handford Real Estate Background: Dan Handford is the founder and current president of five specialty medical clinics located throughout South Carolina He has investments in over $125,300,000 worth of real estate and currently has 1,353 apartment units in his portfolio located across the United States He is the founder of the Multifamily Investor Nation with 34 groups and 2,300+ members across the World He is

You know the name by now, he’s an in demand speaker and a best selling author. J is back to add more value to our lives, as always, this time having a discussion on the state of the market, and how to survive regardless of which part of the market cycle we are in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of these things, house flippers should be doing” - J Scott J Scott Real Estate Background: Full-time entrepreneur and investor SInce 2008, J has bought, built, rehabbed, sold, lent-on and held over $40M in property Author of 3 real estate books, including the best-selling, "The Book on Flipping Houses," which has sold over 125,000 copies in 5 years Listen to his previous episodes: JF217: You Only Have ONE Chance to Make a Good Flippin’ Impression JF1209: The Interview On Negotiating Real Estate #SkillSetSunday with J Scott Based in: Washington D.C. Say hi to him at: http://www.123flip.com/  or https://www.biggerpockets.com