Best Real Estate Investing Advice Ever With Joe Fairless

Many people preach, find a mentor to show you the way into real estate so you can shorten your learning curve however, how do you know who you should really choose as a mentor? In this episode, Theo goes over 6 tips to help you in hiring an apartment syndicator mentor.  Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you wondering what the multifamily market will do in the next 5 years? Theo shares some of the research he has found in regards to the multifamily market and what we should expect to see for the future of real estate investing for the next 5 years. Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stacee is an insurance agent who bought her first rental in 1996 and slowly started to buy rentals and sell them. She has bought and sold 10 rentals and currently has 3 active properties that she rents out and 1 AirBnB. While living in California, she bought a house sight unseen in Houston, Texas, and shared the specifics of how she found it, the mistakes, and lessons she learned.  Stacee Evans Real Estate Background: Works as an insurance agent Invested in her first property in 1996 Portfolio consists of 3 rental properties, and 1 AirBnB From Los Angeles, California Say hi to her at: https://www.biggerpockets.com/users/StaceeE  Best Ever Book: Book on Tax Strategies by Amanda Han          Click here for more info on groundbreaker.co  Best Ever Tweet: “The reason I want to learn more is because of all of the mistakes I have made” - Stacee Evans Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt served 8 years in the Marine Corps as a force recon marine and has 9 years of real estate experience with a portfolio consisting of 174 rental units and has 25 flips. He shares how he uses cross collateral financing to help him acquire more properties with little to no money down.    Matt Deboth  Real Estate Background: Served 8 years in the Marine Corps as a force recon marine 9 years of real estate experience Portfolio consists of 174 rental units and flipped 25 rental units Currently rehabbing a 48-unit apartment in Des Moines, Iowa Located in Des Moines, Iowa Say hi to him at: www.TripleHoldings.com   Best Ever Book: Titans by Rockerfeller       Click here for more info on groundbreaker.co  Best Ever Tweet: “One tip that will help you grow your business is to bring value to brokers without looking for something in return.” - Matt Deboth Learn more about your ad choices. Visit megaphone.fm/adchoices

John is a returning guest from episode JF1308. He is the President of the Promanas Group, a real estate investment firm and he has a book called “Do the work once, get paid forever: How Smart People Invest in Real Estate.” In this episode, John shares different questions you should be asking yourself when you're looking to invest. John Bogdasarian Real Estate Background: President of the Promanas Group, a real estate investment firm Began with nine initial investors, has strategically guided the firm to serving more than 300 investors today Recently published his first book “Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate” Based in Ann Arbor, MI Say hi to him at https://promanas.com/  Click here for more info on groundbreaker.co  Best Ever Tweet: “Don’t focus too much on the deal, because you have no idea, it could look like the best thing in the world. I can make anything look like anything on paper.” - John Bogdasarian Learn more about your ad choices. Visit megaphone

Elenis bought 5 rental properties all acquired sight unseen and from out of state. She shares how she managed the rehab process with her properties being in an entirely different location. During one of her first deals, her tenant abandoned the property and she talks about how she was able to handle this difficult situation. Elenis Camargo Real Estate Background: Works full-time as a digital marketing professional in healthcare Portfolio consists of 5 rental properties, all acquired sight unseen and from out of state From Brooklyn, New York Say hi to her at: www.thirdstoneproperties.com        Click here for more info on groundbreaker.co  Best Ever Tweet: “I talk to alot of people, I learn from a lot of people, and I teach people as well. This is a people business, and it's really important to learn from and help each other out ” - Elenis Camargo Learn more about your ad choices. Visit megaphone.fm/adchoices

Tyler has always been interested in investing in real estate but living in California he has always felt like it was tough to do so since the houses were so expensive. He recently discovered and consumed Joe’s show and Bigger Pockets content and afterwards has quickly started investing in long-distance single-family homes in Ohio. He shares his 5 step process on how he goes about investing. Tyler Caglia Real Estate Background: Full-time project manager managing multi-million dollar projects for a civil construction company Has been investing for 10 months Currently owns 3 long-distance single-family rentals based in Ohio Based in Clovis, California Say hi to him at tcagliareiATgmail.com       Click here for more info on groundbreaker.co  Best Ever Tweet: “If you over analyze everything and overthink it you will never finish your first deal.” - Tyler Caglia Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode Theo will be going over some of the main takeaways he has received from a professional writing course he has recently taken to improve your writing content by focusing on benefits rather than features to attract more passive investors to your business.  Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Learn more about your ad choices. Visit megaphone.fm/adchoices

1031 Exchange allows a taxpayer to defer the assessment of any capital gains tax and any related federal tax liability on the exchange of certain types of properties. This will allow you to sell a property and instead of paying taxes on the capital gains, you can delay it by investing it into another property. Theo will go over the 7 rules of the 1031 Exchange so you can have a better foundation about the 1031 exchange and can determine if its the right move for your business. Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Cory is an attorney in Harrisburg, Pennsylvania with Pillar+Aught and in 2016 he started to get involved in real estate investing. His first deal was with his mother where they decided to rehab his father's place and rent it out for his mother. This experience worked out as a great trial run for him and a great investment for his mother. He shares how he was able to go from 2 units to 18 and a parking lot in one year.   Cory Iannacone Real Estate Background: A Lawyer with Pillar+Aught. From Harrisburg, Pennsylvania Been Practicing law for the past 15 years. Started in real estate in 2016. In 12 months Nov 2017-Nov 2018 Coy went from 2 units to 18 units and a parking lot. Putting under contract over 1M in real estate investments at that time  Say hi to him at : Cory.iannacone@gmail.com     Click here for more info on groundbreaker.co    Best Ever Tweet: “I will gladly pay a couple of hundred bucks for somebody who is actually reliable, who can get the job done and I don't have to worry about i

Patrick served in the army for 6 years and is the founder of Invest DGP. Patrick started investing in June of 2019 and has acquired 12 units. Patrick is very open to sharing some of the hard lessons he learned from jumping in the market quickly and how he was able to improve his units and double his rent collections.    Patrick Menefee Real Estate Background: Founder of Invest DGP Served in the Army for 6 years Started investing in June 2019 Owns 12 units Located in Charlotte, North Carolina Say hi to him at : https://www.investdgp.com/        Click here for more info on groundbreaker.co  Best Ever Tweet: “Never have your inspector and appraiser go out to your property at the same time.” - Patrick Menefee Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark is a returning guest from episode JF1567. He is a Certified Financial Planner and is a #1 Best Selling Author, and in this episode, he will share with you the benefits of infinite banking and paying for your tax bills.   Mark Willis Real Estate Background: Certified Financial Planner, #1 Best Selling Author, and owner of Lake Growth Financial Services Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with sophisticated, tax-efficient financial solutions Based in: Chicago, IL Listen to his previous episode: JF1567: Increase Net Worth & Have Your Money Working For You with Mark Willis Say hi to him at http://lakegrowth.com/    Click here for more info on groundbreaker.co  Best Ever Tweet: “We will provide you with what you need to know and what you need to do in order to increase your net worth.” - Mark Willis Learn more about your ad choices. Visit megaphone.fm/adchoices

Alix is the President of Ashland Capital Fund and has 20 years of real estate experience owning 1,700 apartment units, single-family rentals, commercial and developments. He started in high-end custom homes and more recently has been focusing on student housing deals. Alix shares one of his new strategies which is investing in second lien mortgage debts. Alix Kogan Real Estate Background: President of Ashland Capital Fund 20 years of real estate experience The portfolio consist of 1,700 apartment units, single-family rentals, commercial and developments From Chicago, IL Say hi to him at:https://ashlandcapitalfund.com/        Click here for more info on groundbreaker.co  Best Ever Tweet: “My broad experience in real estate has helped me tackle new projects” - Alix Kogan Learn more about your ad choices. Visit megaphone.fm/adchoices

Joseph is the co-founder and CEO of TriArc Real Estate Partners. He purchased his first multifamily property in the US in 2011 sight unseen and now his portfolio consists of 1100 units. He shares his story on how he started out buying a 26-unit apartment complex and almost went bankrupt during his first deal and he ended up making a 207% return on the refi.  Joseph Bramante Real Estate Background: Co-founder and CEO of TriArc Real Estate Partners Purchased first multifamily property in the US in 2011 sight unseen Current portfolio consist of 1100 units, increasing net operating income by over 80% on average within 48 months post acquisition Based in Houston, TX Say hi to him at: https://www.triarcrep.com/  Best Ever Book: Raising the Bar         Click here for more info on groundbreaker.co    Best Ever Tweet: “The books give you this 30,000 view of the industry but its a completely different ball game when you are out there in the field executing” - Joseph Bramante Learn more about your

In today's episode, Theo Hicks will be talking about the schedule K-1 tax report. It is a statement that is given to each of the limited partners also known as passive investors. He will be sharing how your passive investor can interpret the K-1. Free document with this episode. Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Learn more about your ad choices. Visit megaphone.fm/adchoices

COVID-19 has been kind of quiet lately in the media due to all the protesting but today we are going to share with you how it has still impacted the rent collections for landlords in June and we will also be sharing the forecast of future rent collections. Click here for more info on groundbreaker.co  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Robbie & Tosh, are partners who have 13 years of combined experience. They share a story in finding a mobile park deal that was attained by nurturing a relationship over an extended period of time. You will learn how they determine if a mobile home park is a good deal or not and what they like to focus on. Robbie Faithe & Tosh Hoshino Real Estate Background: Robbie has 11 years experience in real estate Tosh has 2 years in real estate Robbie current holdings consist of 66 doors mix with single family, Multi-family, & a Mobile Park Tosh has 59 units under management including 1 single family From Albuquerque, NM Say hi to him at: www.Robbiefaithe.com  Best Ever Book: Everything Store, Pitch Anything     Click here for more info on groundbreaker.co  Best Ever Tweet: “Find out where you want to be, and find a mentor who is crushing it. Listen to podcasts, and always educate yourself. ” - Robbie & Tosh  Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse is a real estate agent and broker working in the commercial space. He is also an investor with experience in student rentals, single-family rentals, and apartments. Jesse also gives some ideas on how being a real estate agent can help you find good deals and shares with you a specific line he uses to lock in good deals.   Jesse Fragale Real Estate Background: A commercial real estate broker and investor     10 years of real estate investing experience      Located in Toronto, Canada Say hi to him at: https://www.avisonyoung.com/  Click here for more info on groundbreaker.co  Best Ever Tweet: “Noone is looking to sell but when you have an offer in front of them, maybe they are looking to sell.” - Jesse Fragale  Learn more about your ad choices. Visit megaphone.fm/adchoices

Stephen is the founder of The Closing Docs, a software company based in Seattle that provides automated income verification for property managers and lenders. He explains how he evolved his software over time to cater towards property managers, he explains how they started inserting certain pieces of data to help provide more clarity and reliability for the lenders and managers.   Stephen Arifin Real Estate Background: Founder of The Closing Docs, a software company based in Seattle that provides automated income verification for property managers and lenders They handle income verification for over 600,000 properties and growing Based in Seattle, WA Say hi to him at https://www.theclosingdocs.com/  Click here for more info on groundbreaker.co  Best Ever Tweet: “We’ve tried a lot of things to find what works and now we see a compliance rate of 97%” - Stephen Arifin Learn more about your ad choices. Visit megaphone.fm/adchoices

Brock is 2 years into real estate and essentially started after seeing his dad owning 2 duplexes and how it can help with your income. His first deal was a house hack on a duplex and afterward, he saw the potential and took off running. Now he has a portfolio consisting of an 89-unit apartment, 20,000 sq ft of retail space, and 18,000 sq ft office space.  Brock Mogensen  Real Estate Background: Principal at Smart Asset Capital Portfolio: 89 unit apartment, 20,000 sq ft of retail space, and 18,000 sq ft office space Investing in real estate for 2 years Located in Milwaukee, WI Say hi to him at: www.smartassetcapital.com      Click here for more info on groundbreaker.co  Best Ever Tweet: “Partner with people that lack your strong suit and vice versa because I think those are the best partnerships where each can complement each other” - Brock Mogensen Learn more about your ad choices. Visit megaphone.fm/adchoices