Best Real Estate Investing Advice Ever With Joe Fairless

Jennings Smith shares his journey from being a contractor to becoming a successful real estate investor. He started in single-family homes and eventually transitioned to multifamily properties. Jennings emphasizes the importance of shifting your mindset and identity to that of a real estate investor. He also discusses the criteria he looks for in markets, including population growth and stability. Jennings shares a specific deal where he was able to negotiate a lower insurance premium and increase the property's cash flow. He also talks about structuring deals with investors and the importance of building a network and surrounding yourself with like-minded individuals. Jennings Smith | Real Estate Background The Deal Room Portfolio: 1280 Multifamily Units, 500 Self Storage Units Based in: Charleston SC Say hi to him at: www.jenningssmithjr.com Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this conversation, Sam Wilson discusses his decision to scale back his real estate portfolio for lifestyle reasons. He shares his background and the journey that led him to prioritize fulfillment and personal satisfaction over growth and expansion. Sam talks about finding fulfillment in real estate investing by focusing on assets that have outsized returns without requiring excessive time and resources. He also discusses his unique approach to laundromats and how he combines the needs of others with his own gifts to bring value to the world. Sam offers advice on prioritizing and acting on what truly matters to achieve a more fulfilling life. Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Neal Bawa discusses the changes in the syndication industry over the past 18 months and how his business has adapted. He highlights the use of preferential equity as a great opportunity for investors, offering better returns and lower risk compared to traditional equity investments. He also explains the concept of preferential equity and how it can be used to refinance properties and stabilize cash flow. Bawa emphasizes the importance of risk mitigation and the need to find good preferential equity deals. Neal Bawa | Real Estate Background Grocapitus, Mission10k & Multifamily University Portfolio: $660 Million value of projects Based in: Fremont, CA Say hi to him at: www.grocapitus.com LinkedIn Facebook Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard and Brad Simtob, partners of Simtob Management and Investment, discuss their experience in real estate investing and property management. They share their journey from starting with an 11-unit building to owning over 1,000 multifamily units. They emphasize the importance of implementing the Entrepreneur Operating System (EOS) in their company and how it has helped them with planning, goal-setting, and leadership development. They also discuss their approach to resident screening and the lessons they have learned from managing C-class properties. Additionally, they highlight the significance of building a strong team and the challenges and benefits of working with family. Richard Simtob | Real Estate Background Simtob Management & Investment Portfolio: Retail centers and 1000 MF units in two cities Based in: West Bloomfield MI Say hi to him at: Simtob.com Sponsors: Passive Investing Mastery Apartments.com Bam Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices

Aman Singh, the managing partner of Victory Multifamily, shares his background in multifamily real estate and his journey from single-family homes to multifamily properties. He discusses the importance of being hands-on and involved in the day-to-day operations of the properties, including overseeing property management and expenses. Aman also talks about the business plan for his multifamily portfolio, which focuses on increasing NOI through unit upgrades, utility billbacks, and other income sources. He emphasizes the need for solid debt structures and proper systems and processes to ensure the success of the business plan. Aman also addresses the challenges of increasing payroll expenses and shares strategies for mitigating those costs. Aman Singh | Real Estate Background Victory Multifamily Portfolio: GP 505 Units, 86 SFH Section 8 Housing Based in:  Dallas, TX Say hi to him at: LinkedIn Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit

Jason Malabute, an apartment syndicator and CPA, shares his journey into real estate investing and the challenges he faced in the accounting side of the business. He discusses the importance of finding the right partners and the difficulties in raising capital for syndication deals. Jason also highlights the benefits of investing in the Atlanta market, including population growth and diverse industries. He emphasizes the significance of quality accounting in real estate investing and the need for proper bookkeeping systems. Jason Malabute | Real Estate Background Malabute and Company, CPAs Based in: Los Angeles, CA Say hi to him at: LinkedIn Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthony Walker, CEO of Black Swan, discusses his real estate development projects, including a 165-acre development in Maui. The goal of Black Swan is to create communities where people can live, work, and have a sense of pride. The development includes an amphitheater, a community gathering area, and affordable and market-rate apartments. Anthony talks about the challenges of building in Maui, including high construction costs and the need for subsidies. He also emphasizes the importance of partnerships, community involvement, and transparency in the development process. Anthony Walker | Real Estate Background Black Swan Based in: Maui & Coeur d'Alene Say hi to him at: LinkedIn Sponsors: Passive Investing Mastery Apartments.com Bam Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices

Ray Tran, a real estate coach and educator, shares his journey from corporate finance to becoming a teacher and real estate investor. He emphasizes the importance of financial literacy and entrepreneurship education for young students. Ray discusses his experience in both single-family and commercial real estate investing, including value-add deals and syndications. He explores the debate between value-add investing and the BRRRR method for building long-term wealth in real estate. Ray also highlights the opportunities in the current market, such as distressed properties and bridge debt. Ray Tran | Real Estate Background NYC Department of Education, Real Estate Coach at Zen Coast University Based in: Brooklyn, New York Say hi to him at: www.rtinvests.com Instagram LinkedIn Facebook Tiktok Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Rick and Crystal Rummer, real estate investors at Texas Secured Notes, discuss their experience in originating and selling land notes. They share their background in real estate investing and how they transitioned to focusing on land notes. They explain their process of buying large tracts of land, subdividing them into smaller ranchettes, and selling them through owner financing. They discuss the criteria they look for when purchasing land and the importance of road frontage and access. They also highlight the role of third-party servicers in managing the notes and the importance of proper underwriting and documentation. They share lessons learned and the challenges and opportunities in the land note business. Sponsors: Passive Investing Mastery Apartments.com Bam Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices

Walter Johns, owner of CWJ Investment Group LLC, shares his journey in real estate investing and the lessons he has learned over the past 14 years. He started with single-family homes and mobile homes, but realized he needed a passive income strategy to grow his wealth. He transitioned to investing in multifamily syndications and has seen great returns. Walt also discusses his latest project, a subdivision strategy where he is building and selling 96 new homes. He emphasizes the importance of vetting general partnership teams and understanding the exit strategy. Walt advises investors to be intentional about their finances and to invest in their education. Walter Johns | Real Estate Background CWJ Investsments Group LLC Based in: Boise, Idaho Say hi to him at: www.cwjinvestmentsgroup.com Facebook Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Ken Gee, the managing member of KRI Partners, shares his insights on real estate investing and the current market. He discusses the advantages of raising capital in funds rather than on a deal-by-deal basis, emphasizing the importance of trust and transparency. Ken also talks about the current market cycle and predicts that interest rates will come down, leading to an increase in the volume of deals. He advises investors to stay disciplined and underwrite real numbers, focusing on properties with upside potential. Ken concludes by highlighting the indicators of a market shift, such as the comparison between the cost of debt and cap rates, the number of offers brokers receive, and the availability of bridge financing. Ken Gee | Real Estate Background KRI Partners Based in: Cleveland, Tampa, Miami Say hi to him at: www.kripartners.com/education Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Cruise and Ash Patel interview DA Wilson, a tax attorney specializing in real estate transactions. They discuss the importance of proactive tax planning and structuring transactions to maximize take-home dollars. They also cover common tax mistakes made by real estate professionals and the benefits of tax incentives such as 1031 exchanges and capital gains treatment. DA Wilson emphasizes the need for both a tax attorney and a CPA when dealing with audits and disputes with the IRS. He also highlights the importance of asset protection and estate planning for growing real estate businesses. D.A. Wilson | Real Estate Background The Wilson Firm, LLC Based in: Douglasville, Georgia Say hi to him at: www.wilsonfirmatlanta.com LinkedIn Instagram Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Max Gonzales, the managing principal of Geometric RE, shares his background in real estate investing and discusses the importance of understanding the larger capital structuring of deals. He emphasizes the need for a team approach in larger acquisitions and highlights the Feast or Famine nature of the real estate cycle. Max also discusses the impact of low interest rates on the market and the importance of assessing risk and reward when investing in different asset classes. He advises investors to focus on long-term, quality assets and to pay attention to the risk associated with high return deals. Max also discusses the challenges of investing in California and the importance of ease of management in real estate investments. Max Gonzales | Real Estate Background GeometricRE Portfolio: 4 multifamily assets and 4 STRs Based in: Newport Beach CA Say hi to him at: www.realestatedadspodcast.com Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit

Zeona McIntyre, a realtor and investor, discusses her shift to creative financing in the real estate market due to rising interest rates. She explains that creative financing, such as subject-to deals and seller financing, allows investors to take advantage of lower interest rates and tax advantages. McIntyre emphasizes the importance of understanding the tax loopholes and advantages for short-term rentals, which can provide significant tax deductions. She also shares her experiences with partnerships and the lessons she learned from deals that didn't go as planned. McIntyre advises listeners to adapt their investing strategies and utilize resources like Facebook groups to find off-market deals. Zeona McIntyre | Real Estate Background Bungalow Assets, LLC Based in: Boulder, CO Say hi to her at: www.zeonamcintyre.com Instagram Facebook Tiktok LinkedIn Scheduling Link Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Nate Whigham, President of EN Capital, joins Amanda Cruise and Ash Patel to discuss capital advisory work in commercial real estate. Nate shares his expertise in debt and equity placement, particularly in transitional deals that require structured finance. He explains the challenges and opportunities of placing capital in markets like Puerto Rico and the Caribbean. Nate also discusses the current investor sentiment and the types of deals that are attracting capital. He emphasizes the importance of timing and strategic deployment of capital in the current market cycle. Sponsors: Passive Investing Mastery Apartments.com Bam Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices

Brian Ferguson, founder of Fergmar, focuses on value-add real estate, long-term holds, and cash flow. He addresses challenges in finding deals and hiring, while committing to veteran support and home ownership initiatives. Brian Ferguson | Real Estate Background Fergmar Based in: Victoria, TX Say hi to him at: LinkedIn www.altunascapital.com www.fergmar.com Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Slocomb Reed discusses who should self-manage multifamily portfolios, considering whether real estate is your primary income and your goals. He highlights the control and challenges of self-management and shares personal examples to illustrate its impact. Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Ash Patel, a commercial real estate investor, shares his journey and insights in this conversation. He stumbled upon commercial real estate after buying a mixed-use building and realizing the benefits of commercial tenants. He has since invested in various asset classes and focuses on high-value add deals. Ash discusses the current market conditions and the opportunities he sees, including the potential in office buildings in walkable suburbs. He emphasizes the importance of hiring and building a team to scale your business. Ash also shares lessons learned from Bad Deals and operational mistakes. Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Daniel Casey, CEO of North40 Capital, renovates C and D apartments in prime locations to compete with class A properties. He emphasizes affordable, high-quality housing and the advantages of being a local owner-operator. Daniel Casey | Real Estate Background North40 Capital LLC Based in: Tacoma, WA Say hi to him at: www.north40capital.com Instagram Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Ian Cruz and Slocomb Reed discuss investing for long-term growth versus cashflow in real estate, focusing on 2024 multifamily opportunities, interest rates, and market volatility. They stress understanding market fundamentals and vetting operators. Ian Cruz | Real Estate Background Partner, ELEV8 Capital Portfolio STR, MTR, LTR, multifamily (Bay Area, CA and Cincinnati) Based in: San Jose, CA Say hi to him at: Contact Information and Full Bio LinkedIn Instagram Sponsors: Passive Investing Mastery Apartments.com Bam Capital Learn more about your ad choices. Visit megaphone.fm/adchoices