Best Real Estate Investing Advice Ever With Joe Fairless

We all want to increase our net worth (usually). Mark is a financial planner and here to talk to us about how he has been able to increase clients net worth by over $500,000,000. One great way he does this is through real estate, and pairs it with whole life insurance. Confused? Me too, until I listened to his explanation in this episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Even real estate is only worth what someone else is willing to pay for it” - Mark Willis Mark Willis Real Estate Background: Certified Financial Planner and author of, How to Be an Amazon Legend and Fire Your Banker Owner of Lake Growth Financial Services, a financial firm in Chicago Increased net worth of his clients and their families by over $500,000,000 Based in Chicago, IL Say hi to him at http://lakegrowth.com/ or notyouraveragefinancialpodcast.com Best Ever Book: Never Split the Difference Sponsored by Stessa - The simple way to track rental property p

Harsh jumped industries from banking to energy and hasn’t looked back. He specializes in helping entrepreneurs save money on their energy bills. As real estate investors, we’re constantly bombarded with bills, especially energy bills. Hear how Harsh can help alleviate some of that burden and possible even increase the value on your property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Most companies charge a lot of additional fees” - Harsh Patel Harsh Patel Real Estate Background: Independent business owner of Xoom Energy Quit banking 4 years ago and built a multi-millionaire dollar a year business in telecom and energy Based in Dallas, TX Say hi to him at harshacn19@gmail.com or at 201.238.3806 Best Ever Book: How to Win Friends and Influence People Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stess

Scott is back on the show for a special segment today. We’re going to be talking about a deal he has going on. He found an RV park in the middle of nowhere, bought it, and is now telling us his business plan for the park. If you ever buy an odd property, you know you have to get creative sometimes, let’s learn from Scott’s experience and apply it to our own businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Our main focus is acquiring self storage” - Scott Lewis Scott Lewis Real Estate Background: Co-founder and Chief Executive Officer of Spartan Investment Group, LLC (SIG) SIG has completed $6M in development projects, has $30M more underway, and raised over $10M in private equity. Based in Denver, CO Say hi to him at https://spartan-investors.com/ Previous best ever advice: https://joefairless.com/podcast/jf965-why-he-sold-all-went-war-then-returned-to-develop-land-syndicate-big-deals/ Sponsored by Stessa - The simple way to trac

Joe and Theo are back to discuss the apartment syndication lessons they learned over the past week. Theo provides an update on two Tampa apartment deals he is analyzing, which includes a tip for how to find new team members when looking into a new deal. Joe provides strategies on how to fund the earnest deposit for an apartment deal in a hot market. Best Ever Tweet: “When you’re working on a deal with a broker, and still want to expand your network, ask the broker for more connections or team member recommendations” Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever Learn more about your ad choices. Visit megaphone.fm/adchoices

Since we’re on the raising money topic, what better time to discuss 506b vs. 506c? How do you figure out which to use? Is one better than the other? What are the differences between the two? All this and more is covered in this episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There are no advertising restrictions for a Joint Partnership” Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever Free document: https://www.dropbox.com/s/wca7zbnpq5p0g23/Money%20Raising%20Tracker.xlsx?dl=0  Learn more about your ad choices. Visit megaphone.fm/adchoices

Were back with more syndication school episodes. Today we’re going to start talking about raising the money from private investors. You’ll need to get verbal commitments from investors so that you’ll know how much you can raise and what kind of properties you can buy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Once we know how much money we can raise, we’ll know what kind of properties we can buy” Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever Free document: https://www.dropbox.com/s/wca7zbnpq5p0g23/Money%20Raising%20Tracker.xlsx?dl=0  Learn more about your ad choices. Visit megaphone.fm/adchoices

Neal is a Best Ever listener and now a first time guest on the show. His approach to real estate was to become a Realtor to help pay for his PhD, and now he owns a full service firm specializing in investment properties. A lot of his clients come to him as ‘green’ investors that need some more education and help to get going. He will help them learn the ropes of real estate investing before helping them purchase a property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Provide a lot of value for the investors” - Neal Collins Neal Collins Real Estate Background: Runs a Portland-based real estate firm that specializes in investment properties, founded in 2014 First exposure to property management in 2006, he worked as a leasing agent for a 300-unit student housing complex Started in real estate to pay for a PhD, now has a full service firm Based in Portland, OR Say hi to him at http://chooselatitude.com/ Best Ever Book: Five Day Weekend Spon

As a full time engineer for the county, Colin had a decent income, but did not enjoy his job. He enjoyed real estate and got his real estate license, after two years of being an agent, Colin was making as much as his engineer salary in just six months. Hear how he was able to have such success while also working full time, and eventually quit his engineer job. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re asking the question “can you be my mentor?” you’ll probably always get the no answer” - Colin Smith Colin Smith Real Estate Background: 28 year old engineer who fell in love with real estate Owns a boutique brokerage consisting of 2 full time employees and 6 agents He has syndicated flips, a small apartment complex, and owns a small portfolio himself Based in Colorado Springs, CO Say hi to him at http://www.solidrockre.com/ Best Ever Book: The One Thing Sponsored by Stessa - The simple way to track rental property performance. G

Nathan has been on before a couple times, but he brings so much value we had him on again! If you’re waiting to raise money from investors, you’ll want to hear what Nathan has to share with you in this episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I try to help people become successful and avoid the mistakes that I have made” - Nathan Tabor Nathan Tabor Real Estate Background: Has purchased, renovated and sold over $52m dollars worth of real estate Enjoys helping others find their niche, understand the processes and achieve their goals. Listen to his previous episodes: JF1299: Finding A Niche, Creating & Executing A Business Plan with Nathan Tabor JF1307: Apartment Due Diligence: How To Evaluate The Mechanics Of A Deal #SkillSetSunday with Nathan Tabor Based in Winston Salem, North Carolina Say hi to him at www.apartments.nathantabor.com Best Ever Book: Bible Sponsored by Stessa - The simple way to track rental property p

Today Joe is talking with Michael about his keys to successful renovations on single family homes. With over $100,000,000 in successful transactions, it is safe to say he has plenty of experience and knowledge to share. If you’re renovating anything, especially single family homes, you’ll want to hear these tips. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When you’re dealing with a total rehab, it’s very important to assess the property correctly” - Michael Jordan Michael Jordan Real Estate Background: Entrepreneur since 1999, over $100,000,000 in total business transactions Has successfully done multiple different real estate strategies including: renovations, building homes, buy and hold rentals, turkey provider, buying NPN’s, property management, wholesaling, and more Based in Detroit, MI Say hi to him at http://strategyproperties.com/ Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, s

Joe and Theo are back for another round of business updates in today's Follow-Along Friday. Theo outlines the process he followed when touring an apartment without your property management company and what you need to send your management company in order for them to help you with your underwriting assumptions. Joe had a new investment offering call last night and offers tips he's learned from doing over 20 calls. Best Ever Tweet: “I took all the pictures I could, specifically of things I knew needed work” Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever Learn more about your ad choices. Visit megaphone.fm/adchoices

The Process for Hiring Attorneys, Mortgage Broker, and an Accountant   Three huge parts of your team are discussed today. When, why, and how to hire great attorney’s, mortgage broker and an accountant. If you haven't listened to the first parts of this series, you should get caught up there first. Those were episodes 1548, 1549, and 1555. Once you have all these team members in place, you’re one giant step closer to closing your first apartment syndication. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re doing a complicated deal, expect to spend at least $40k on the PPM” Free document for this episode: http://bit.ly/2TRkmMZ Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever   Learn more about your ad choices. Visit megaphone.fm/adchoices

Today Theo will cover another important part of your apartment syndication team, finding and hiring real estate brokers. This will most likely be your best source for deals so getting in with a good broker is HUGE for you syndication business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Win them over and eventually they might send you off market deals. Brokers are going to be one of your best deal sources.” Free document for this episode: http://bit.ly/2TRkmMZ Sponsored by Stessa - The simple way to track rental property performance. Get dashboard reporting, smarter income and expense tracking and tax-ready financials. Get your free account at stessa.com/bestever Learn more about your ad choices. Visit megaphone.fm/adchoices

After college, Paul thought that selling pizza and beer at a restaurant he opened was the answer to financial success. While that may work for some people, after 10 years, Paul was about $140k in debt. He always had an interest in real estate so he finally quit the restaurant business and jumped into real estate. Hear how he’s been able to make over $300 in his first 16 months. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Business is a 24/7 sport and someone else is always trying to take your job” - Paul Swack Paul Swack Real Estate Background: Has done over $18 million is sales as a real estate agent in just 16 months Ex division 1 baseball player, graduated and lost all his money in the restaurant business, then got his real estate license Based in Pismo Beach, CA Say hi to him at PaulSwackATgmail.com Best Ever YT Channel: Gary Vaynerchuck’s channel Get more real estate investing tips every week by subscribing for our newsletter at Bes

As a professional pilot and 16 years of real estate investing, Bill was doing really well. He took it a step further recently by syndicating a 216 unit apartment community! Joe and Bill will focus mostly on that deal, how it happened, what the business is, and how he’ll execute his business plan. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Once I found great partners, it made everything easier” - Bill Zahler Bill Zahller Real Estate Background: Founded Park Capital Properties in 2016 and is the President 16 years of real estate experience, now focuses on multifamily investing and syndicating He recently syndicated a 216 unit in Atlanta, Georgia Also a professional pilot Based in Asheville, NC Say hi to him at www.ParkCapitalProperties.com Best Ever Book: Endurance   Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Listeners: Do you need debt, equity, or a loan guaran

Tim and his company specialize in creating great apps for companies. He’s also made a connection for us as real estate investors, how thinking like a programmer can help us a scale a business faster. He can even build an app to help us with that! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you can apply those 5 steps to any part of your business, you’ll start thinking like a programmer” - Tim Bornholdt Tim Bornholdt Real Estate Background: Entrepreneur, software developer, podcaster, and the founder of The Jed Mahonis Group Specializes in helping businesses strategize and develop their own custom mobile apps They have worked on 75 apps since 2012, Great Clips is one of their bigger clients, millions of people use the Great Clips app per month Based in Minneapolis, MN Say hi to him at https://jedmahonisgroup.com   Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Liste

Stefan was “sick and tired of being poor” when he came across Rich Dad Poor Dad. He sold all of his rock band equipment and jumped all in with real estate investing. After a few years, he was elected into the Rich Dad Hall of Fame! Hear his strategy for starting from scratch and building a multi million dollar portfolio. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I was sick and tired of being poor” - Stefan Aarnio Stefan Aarnio Real Estate Background: Award winning real estate Investor, Entrepreneur, Author and winner of the 2014 Rich Dad International Hall of Fame award Started with only $1200, built a multi-million dollar portfolio Based in Winnipeg, Manitoba, Canada Say hi to him at http://stefanaarnio.com/ Best Ever Book: The 4th Turning   Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Listeners: Do you need debt, equity, or a loan guarantor for your deals? Eas

In this episode of Follow-Along Friday, Joe and Theo answer a list of 6 questions submitted by readers of the Best Ever Apartment Syndication Book. The questions answered are: 1) Do I need to visit every property from the 200-property analysis? 2) If I want to do a deal in the Bay Area, CA, should my mentor be local? 3) Where can I find the data to evaluate a market? 4) Who should review my underwriting on my first syndication deal? 5) How do I approach a broker to get them to send out direct mailers for me? 6) What's the difference between a joint venture and a syndication Best Ever Tweet: “If you know you’re 6 months away from really getting serious, go to the property tours” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Listeners: Do you need debt, equity, or a loan guarantor for your deals? Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky. I have used him for both agency

Today Theo is covering how to find a great property management company. This is a huge part of your business, to be a successful syndicator you’ll need a great property management company that you can count on to do outstanding work without you having to micro manage. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You also want to know if they are very focused on specific markets or really spread out” Free document for this episode: http://bit.ly/2TRkmMZ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Listeners: Do you need debt, equity, or a loan guarantor for your deals? Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky. I have used him for both agency debt, help with the equity raise, and my consulting clients have successfully closed deals with Marc’s help. See how Marc can help you by calling him at 212-897-9875 or emailin

We’ve worked through finding our market and other aspects that lead up to completing your first apartment syndication deal. Today, Theo is covering the first part of building a great team. In this particular part of the four part series, we’ll hear about the four core team members, who they are and how to find them. He’ll also cover the topic, “Do you need a partner and a mentor?”. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Whether you need a mentor comes down to your expectations of what they will do and if you want to hire one” Free document for this episode: http://bit.ly/2TRkmMZ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Best Ever Listeners: Do you need debt, equity, or a loan guarantor for your deals? Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky. I have used him for both agency debt, help with the equity raise, and my