Best Real Estate Investing Advice Ever

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 than 50 countries
  • Based in Fort Worth, Texas
  • Say hi to him at https://harvestreturns.com
  • Best Ever Book: The Lean Startup

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1665_Chris_Rawley.mp3
Category:general -- posted at: 9:33am EDT

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:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1664_Rock_Thomas.mp3
Category:general -- posted at: 9:41am EDT

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 proactive approach throughout the year”

Devin Redmond & Thomas Castelli Real Estate Backgrounds:

 

  • Devin Redmond:

 

  • Head of customer success with Stessa
  • Former commercial real estate pro and investor
  • Say hi to him at https://www.stessa.com/
  • Based in San Francisco, CA

 

  • Thomas Castelli:

 

  • CPA & Tax Strategist at The Real Estate CPA
  • Real estate investor, invested passively before being active in an 82 unit apartment community
  • Say hi to him at www.therealestatecpa.com
  • Based in NYC

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1663_Devin_Redmond__Thomas_Castelli.mp3
Category:general -- posted at: 12:44pm EDT

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 Stessa, the essential tool for rental property owners.

Direct download: JF_1662_-_Tom_Prakas.mp3
Category:general -- posted at: 9:37am EDT

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.

Direct download: JF_1661_-_SS_48-_Series_16_-_Part_4.mp3
Category:general -- posted at: 9:50am EDT

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.

Direct download: JF_1660_-_SS_47_-_Series_16_-_Part_3.mp3
Category:general -- posted at: 9:39am EDT

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 free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1659_Chad_Hudson.mp3
Category:general -- posted at: 7:58am EDT

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.

Direct download: JF_1658_Daniel_Kwak.mp3
Category:general -- posted at: 9:29am EDT

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.

Direct download: JF_1657_Adam_Capes.mp3
Category:general -- posted at: 10:31am EDT

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.

Direct download: JF_1656_Shanyn_Stewart.mp3
Category:general -- posted at: 12:11pm EDT

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.

Direct download: JF_1655_Follow_Along_Friday.mp3
Category:general -- posted at: 10:56am EDT

Today’s episode covers part four of seven on our value add apartment underwriting strategy. If you didn’t listen to yesterday’s episode, you should. Theo began covering the underwriting process so you’ll want to hear that first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You don’t want to spend too much time investigating one small assumptions”

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.

Direct download: JF_1654_-_SS_46_-_Series_16_-_Part_2.mp3
Category:general -- posted at: 12:11pm EDT

Theo has covered a ton of details so far for apartment syndication deals. Today we’ll start learning about the actual underwriting process. Steps 1, 2, and 3 are covered today, with more to follow! PLUS we’re including a free simplified cash flow calculator for you to practice your underwriting with, can be used along with these episodes to follow along. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You want to make sure the T-12 is current”

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.

Direct download: JF_1653_-_SS_45_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 10:46am EDT

Sometimes getting creative is necessary to make a deal work. Zach and the company he works with, only do creative deals, or as he says they buy on terms. He has three primary creative financing strategies; lease purchase, owner financing, and subject-to. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Ideally on a subject-to deal, it’s going to be a long term deal” - Zach Beach

Zach Beach Real Estate Background:

  • Successful real estate investor
  • Has completed over 100 deals in under 3 years, buying and selling properties without using any of his own cash, credit, or investors’ money
  • Based in Newport, RI
  • Say hi to him at www.freesrecbook.com
  • Best Ever Book: Surrender Experiment

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1652_Zach_Beach.mp3
Category:general -- posted at: 8:50am EDT

Ari decided to take more control of his financial destiny, so he began investing in real estate. We’ll hear his story of working full time at a job while working on a real estate portfolio part time. For most of us, this is how we get started, and hearing a successful example to follow can help anyone who wants to be in the same situation as Ari. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Identify your niche and competitive advantage and leverage it very aggressively to differentiate from the crowd” - Ari

Ari’s Real Estate Background:

  • Went from Journalist to marketing for 10+ years & part time real estate investor
  • Controls over $1.5 Million of real estate while working full time
  • Kapel Real Estate
  • Based in Chicago, IL
  • Say hi to him at kapelrealestateATgmail.com, https://youtu.be/7XnlQo0IMDo
  • Best Ever Book: Crushing it in Commercial Real Estate by Brian Murray

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1651_-_Ari.mp3
Category:general -- posted at: 9:45am EDT

Precious metal investing, that’s what we’re covering today. Ken is an expert and owns a company that helps people invest in precious metals. He’s sharing the benefits of precious metal investing with us today, even if you never pay him for services or products, he shares great information for you to think about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We ship over 80% of our orders the same day” - Ken Lewis

Ken Lewis Real Estate Background:

  • Results-oriented professional with more than 25 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500
  • Chief Executive Officer at APMEX, the largest precious metals retailer in North America
  • Based in Oklahoma City, OK
  • Say hi to him at https://www.apmex.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.

Direct download: JF_1650_-_Ken_Lewis.mp3
Category:general -- posted at: 11:52am EDT

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers

Terry Lammers Real Estate Background:

  • Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company
  • Had 11 different companies he grew to $40 million in annual sales before selling in 2010
  • Based in Fallon, IL
  • Say hi to him at http://www.innovativeba.com/bestever

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1649_-_Terry_Lammers.mp3
Category:general -- posted at: 9:37am EDT

For Follow Along Friday this week, Joe is sharing some favorite lessons he learned while doing his interviews for the podcast last week. You’ll hear tips from multiple investors, all with a different skill set as it relates to real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Lessons Learned:

Alan Fruitman: Stay in your lane

Jake Stacy: Having proper insurance

Jason Palliser: Executing on deals

David Greene: Cash flow is the defensive mechanism in the single family space

Best Ever Tweet:

“Cash flow isn’t the best thing to think of when buying single family homes, rather it’s the equity appreciation”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1648_-_Follow_Along_Friday.mp3
Category:general -- posted at: 9:29am EDT

Final episode of the financial statements segment of the Syndication School series. Theo will be talking about more, you guessed it, financial documents. He’ll finish breaking down the OM today, and finish the episode with useful underwriting tips as it pertains to the entire financial statement series. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Compare their pro forma to their pro forma”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1647_-_SS_44_-_Series_15_-_Part_6.mp3
Category:general -- posted at: 11:08am EDT

Part 5 of our 6 part series on apartment financial statements. Theo will be covering a few different documents today, including the OM. So without much more explaining from me, hit play and learn more about the financials from Theo. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The listing agents MIGHT leave some things off the OM to make more money”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1646_-_SS_43_-_Series_15_Part_5.mp3
Category:general -- posted at: 9:17am EDT

Frank Roessler, for Best Ever Listeners that don’t know, is the Founder of Ashcroft Capital, and managing partner along with Joe. Recently, they finished a business plan and sold a deal, now we get to hear their case study discussion. This will be a normal segment on the podcast, whenever Ashcroft sells a property, we’ll hear the details from Frank and Joe! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Frank Roessler Real Estate Background:

  • Founder of Ashcroft Capital
  • Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments
  • Based in NYC
  • Say hi to him at ashcroftcapital.com

Best Ever Tweet:

“You can do everything else right, but if you can’t execute, you can really screw up an investment” - Frank Roessler

Learn more about Frank:

JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1645_Case_Study_1_Timberlodge.mp3
Category:general -- posted at: 9:00am EDT

At a very young age Igor has figured out how to build a consistent and profitable house flipping business. Not only has he been exceptional at networking and establishing advantageous business relationships, his business is structured smartly and his team is performing very well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“At the time I didn’t know what a quit claim deed was, we learned our lesson on that one” - Igor Kajpust

Igor Mike Kajpust Real Estate Background:

  • 22 year old full time investor specializing in SFR
  • Purchased $8.5M of flips in 2018 across 35 flip deals, sold 20 of them in 2018 for $1.15m profit and have $1.25m in equity in the remaining 15
  • Goal is to do 500 sfr deals in 2019
  • Based in LA, CA
  • Say hi to him at http://amoove.com/
  • Best Ever Book: Principles

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1644_Igor_Mike_Kajpust.mp3
Category:general -- posted at: 9:32am EDT

The Blockchain. You’ve heard of it, you may know a little about it, now how can it help us as real estate investors? Matthew has built a company that helps people invest in real estate all over the world without a third party. We’ll walk through a case study of what one can expect if using the blockchain to invest in real estate with his company. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We’ll buy some of the equity in your home, you pay us back when you sell” - Matthew Sullivan

Matthew Sullivan Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1643_Matthew_Sullivan.mp3
Category:general -- posted at: 11:35am EDT

Many people would like a way to invest in real estate and pay less taxes. Well what a lot of people may not know, is that they may have the capital available to do this, they just have to move it around, get it into a self directed IRA, and have some professional guidance. Listen in for tips on executing this strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“South Dakota and New Mexico are the best states to get a license in” - Edwin Kelly

Edwin Kelly Real Estate Background:

  • Expert on Self Directed Retirement accounts and self-directed investment strategies
  • CEO and Co-Founder of Specialized IRA Services
  • He has more than 24 years of experience in the Financial Services Industry
  • Based in Albuquerque, NM
  • Say hi to him at https://specializediraservices.com/
  • Best Ever Book: Losing My Virginity by Richard Branson

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

 

Direct download: JF_1642_Edwin_Kelly.mp3
Category:general -- posted at: 11:13am EDT

We’re just getting back from Denver and the Best Ever Conference. Joe is sharing his top lessons learned from the conference. Some surprising lessons learned from a comedian, and other real estate related lessons. We’ll also get updates from the two of them on their businesses, and how their lessons can help us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He took advantage of a situation that he was presented time and time again, and turned it into an asset”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1641_Follow_Along_Friday.mp3
Category:general -- posted at: 8:44am EDT

 

Part two of the T-12 walk with Theo. You’ll want to listen in to learn even more details about the trailing 12. It’s important to understand this statement so you don’t make a bad decision on a deal that costs you money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The total income - total operating expenses is what’s used to determine the value of the property”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1640_SS_42_-_Series_15_-_Part_4.mp3
Category:general -- posted at: 1:56pm EDT

Last week’s syndication school episodes were all about the rent roll. This week, Theo is talking about the T-12 (trailing 12, profit & loss statement) it has different names sometimes, but we’ll refer to it as simply the T-12. We’ve provided a free T-12 from an actual deal in the notes below. You’ll need to know how to read this statement for your apartment syndication business. If you never plan to buy larger apartment buildings, you’ll still need this skill for smaller properties if you want to accurately perform your due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Gross potential rent on the T-12 and the rent roll should be pretty close”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1639_-_SS_41_-_Series_15_-_Part_3.mp3
Category:general -- posted at: 9:22am EDT

Steven considers himself a “beginning” investor… Who has 150 properties purchased in his first two years of investing. Maybe not quite a beginner in a lot of eyes, but for himself and his goals, he’s just getting started. We’ll take a dive into how he has been able to scale to the level he is currently at in just two years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Whenever you take on the decision to cut overhead, it’s a trade off” - Steven Pesavento

Steven Pesavento Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1638_Steven_Pesavento.mp3
Category:general -- posted at: 9:15am EDT

In one summer, Chandler signed up 450 homes on pest control contracts, putting about $96k in his pocket. He still leads sales reps, and points out the direct correlation between success in sales and being a successful real estate investor. Most important trait for success in either field? Chandler says hard work will get you there, but he also has tactics to share. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’ve gotten more creative as time has gone on” - Chandler David Smith

Chandler David Smith Real Estate Background:

  • Real estate investor for the last 5 years
  • Invested in 60 doors that gross $300k per year
  • Based in Idaho Falls, Idaho
  • Say hi to him at chandlerdavidsmith.com
  • Best Ever Book: Happiness Advantage

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1637_Chandler_David_Smith.mp3
Category:general -- posted at: 9:09am EDT

Christian and his company help people establish their own nonprofit organizations. You’ve probably heard how complicated and time consuming the process is, clouded with red tape that takes months to years to clear up. Changemakers is here to help minimize those hassles and get your giving back efforts established more efficiently than what is typical. Hear some great tips on how to establish your own efficiently, or hear how Christian and his team can help. We’re only on this earth for a short period of time, it’s important to try to make it better while we’re here. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Someone wants to create a non profit because they see a need that is not being filled” - Christian LeFer

Christian Lefer Real Estate Background:

  • Founder and CEO of Changemakers
  • Starts and manages 501(c)3’s for successful business owners, investors, execs and celebrities
  • Has raised millions and run many campaigns during his decade-plus of fundraising
  • Based in Denver, CO
  • Say hi to him at https://changemakers.world/
  • Free PDF for starting a 501(c)3 www.changemakers.world/realestate

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1636_Christian_LeFer.mp3
Category:general -- posted at: 12:41pm EDT

Steve wanted to make more money, but felt bad for doing it. He first had to overcome that mindset, after he realized it was okay to work less and earn more, he was able to build a business over the past two years. He’s flipping houses, and just closed on a 20 unit. We’ll he’ll tactical advice from some of his deals, as well as how to build a great team and leverage other people's’ skill sets. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you don’t have the necessary relationships, partner with someone who does” - Steve Streit

Steve Streit Real Estate Background:

  • Real estate investor focused on developing key areas in Detroit
  • Flipped over 70 houses in the last 18 months, actively buying 1-2 houses a week, and has a portfolio of 50 units and actively looking for more multifamily units
  • Based in Detroit, MI
  • Say hi to him at https://www.stevemovesmichigan.com/  
  • Best Ever Book: Never Split The Difference

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1635_Steve_Streit.mp3
Category:general -- posted at: 10:17am EDT

Today we’ll hear from a Cincinnati investor who is currently doing about 15 flips per year, and growing. Eric will share a lot of his experience with us today, he’ll reveal a lot of great information about the Cincinnati market and the range of deals he likes to tackle. We’ll also learn about his Master Lease Option deal that he is still working with. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you’re talking with the seller, you want to keep the numbers simple” - Eric Kottner

Eric Kottner Real Estate Background:

  • Full time investor since 2006
  • Has done 15 of his own flips and owns 30 units
  • Based in Cincinnati, OH
  • Say hi to him at https://cincyturnkey.com/
  • Best Ever Book: The Productivity Graph

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1634_Eric_Kottner.mp3
Category:general -- posted at: 8:16am EDT

We are continuing our discussion and break down of the rent today. I don’t need to explain much here, if you want to know more about the rent roll for apartment syndication purposes, tune in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Market rent is what the unit should be renting for, the current rent is how much the tenant is being charged”

Free document for this episode:

http://bit.ly/rentroll

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1633_SS_40_-_Series_15_-_Part_2.mp3
Category:general -- posted at: 11:12am EDT

This episode is all about the Rent Roll. What is it? How do you get it? Why do you need it? All of these questions and more are answered in this episode of Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“By the end of these two episodes, you’re going to learn what a rent roll is, how to obtain it, why you need it, and other important things to look for”

Free document for this episode:

http://bit.ly/rentroll

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1632_SS_39_-_Series_15_-_Part_1.mp3
Category:general -- posted at: 9:42am EDT

Corey saw real estate success early in life, not his own, but his step dad at the time was wildly successful, and it was from real estate. After that, Corey read Rich Dad Poor Dad and started his own real estate journey. He was doing well, a lot of people saw him as having massive success. But one day, he realized he was too consumed with work, missed his son’s game, and realized this was not his idea of success. Now hear how he balances real estate success AND family success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I used to say I wish I could own an apartment building, but on that day I said, how can I own an apartment building” - Corey Peterson

Corey Peterson Real Estate Background:

  • Owner of Kahuna Investments, an apartment investing company
  • Has managed and acquired over $95 million in real estate
  • Host of the Multi-Family Legacy Podcast
  • Based in Phoenix, AZ
  • Say hi to him at https://kahunainvestments.com/
  • Best Ever Book: The Richest Man In Babylon

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1631_Corey_Peterson.mp3
Category:general -- posted at: 9:23am EDT

Raising enough money to complete the large deals that John and his company do takes a lot of trial and error, and on the job learning. Figuring out what works and what doesn’t work when raising money can be a painful process, so can scaling a real estate business. Lucky for you, John shares his experience and knowledge on the show for free, so you can learn from his mistakes and successes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Always be an integrity based business, do what you say you’re going to do, and be transparent” - John Rubino

John Rubino Real Estate Background:

  • COO/Founder of JID Investments
  • Among many responsibilities, John raises private capital for projects, resulting in investment of $16.6M+ with revenue of $8.9M+
  • Based in Washington D.C.
  • Say hi to him at https://www.jidinvestments.com/
  • Best Ever Book: How To Win Friends And Influence People

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1630_John_Rubino.mp3
Category:general -- posted at: 9:36am EDT

Today we’re welcoming back James to share some passive investing knowledge with us. He recently wrote a book on the subject, and has spent a lot of his real estate investing career dealing with passive investors himself. If you are a passive investor, you’ll want to tune in and hear how to vet sponsors, deals, and other aspects to evaluate before handing over your hard earned cash. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different asset classes have different timing requirements” - James Kandasamy

James Kandasamy Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1629_James_Kandasamy.mp3
Category:general -- posted at: 10:27am EDT

Brent is back to share more great knowledge with us (see his first episode below). He is an investor in Detroit, focusing on the revitalization of the city. Brent excels at finding the areas of Detroit that are just beginning to turn around, and start buying before other investors catch on. How does he do it? Find out by hitting play. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you see young couple with kids and dogs in the area, and look completely out of place, you know there is something going on in that area” - Brent Maxwell

Brent Maxwell Real Estate Background:

 

  • Real estate investor whose personal and professional stories align with the recovery of Detroit
  • Has a passion for the “limping” sections of Detroit and helps people buy into a piece of the city’s recovery

 

 

  • Based in Detroit, MI
  • Best Ever Book: The One Thing by Gary Keller

 

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1628_Brent_Maxwell.mp3
Category:general -- posted at: 9:39am EDT

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.

Direct download: JF_1627_Follow_Along_Friday.mp3
Category:general -- posted at: 9:48am EDT

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”

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Direct download: JF_1626_-_SS_38_-_Series_14_-_Part_6.mp3
Category:general -- posted at: 8:39am EDT

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

Direct download: JF_1625_-_SS_37_-_Series_14_-_Part_5.mp3
Category:general -- posted at: 10:01am EDT

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

Direct download: JF_1624_Pete_Asmus.mp3
Category:general -- posted at: 9:36am EDT

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

Direct download: JF_1623_Angelo_Christian.mp3
Category:general -- posted at: 9:33am EDT

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:

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Direct download: JF_1622_Aaron_Chapman.mp3
Category:general -- posted at: 12:52pm EDT

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:

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Direct download: JF_1621_Paul_Nagaoka.mp3
Category:general -- posted at: 12:30pm EDT

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

Direct download: JF_1620_-_Follow_Along_Friday.mp3
Category:general -- posted at: 9:35am EDT

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”


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Direct download: JF_1619_SS_36_-_Series_14_-_Part_2.mp3
Category:general -- posted at: 9:04am EDT

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

Direct download: JF_1618_SS_35_-_Series_14_-_Part_3.mp3
Category:general -- posted at: 9:17am EDT

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 BestEverNewsLetter.com

Direct download: JF_1617_Grant_Sabatier.mp3
Category:general -- posted at: 9:26am EDT

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

Direct download: JF_1616_Diego_Corzo.mp3
Category:general -- posted at: 9:34am EDT

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

Direct download: JF_1615_Steven_Bond.mp3
Category:general -- posted at: 10:53am EDT

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

Direct download: JF_1614_Alex_Felice.mp3
Category:general -- posted at: 2:19pm EDT

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”

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Direct download: JF_1613_Follow_Along_Friday.mp3
Category:general -- posted at: 9:18am EDT

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”

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Direct download: JF_1612_SS_34_Series_14_Part_2.mp3
Category:general -- posted at: 11:40am EDT

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”

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Direct download: JF_1611_SS_33_Series_14_Part_1.mp3
Category:general -- posted at: 9:24am EDT

 

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

Direct download: JF_1610_Darin_Garmin.mp3
Category:general -- posted at: 9:52am EDT

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 also the co-host, along with his wife, of the daily podcast called Tough Decisions for Entrepreneurs
  • Based in Columbia, SC
  • Say hi to him at www.toughdecisions.net and www.handfordcapital.com
  • Best Ever Book: The 10X Rule by Grant Cardone

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Direct download: JF_1609_Dan_Handford.mp3
Category:general -- posted at: 9:59am EDT

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:

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Direct download: JF_1608_J._Scott.mp3
Category:general -- posted at: 10:55am EDT

Even if you currently have more leads than you can handle, at some point they may slow down, or you continue to scale and need more and more leads. Either way, having more ways to bring in leads can only benefit your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It can take 6 months to a year to turn those leads into money” - Tommy Mello

Thomas Mello Real Estate Background:

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Direct download: JF_1607_Thomas_Mello.mp3
Category:general -- posted at: 10:48am EDT

For today’s Follow Along Friday, Joe is sharing his biggest lessons learned from doing his podcast interviews last week. From shelf corporations to learning about underground storage tanks and the problems they can cause. We’ll also receive the usual business updates that we as investors can learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Everyone has something you can teach others, it’s your responsibility to figure out what that is”

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Direct download: JF_1606_Follow_Along_Friday.mp3
Category:general -- posted at: 9:10am EDT

Now you’ve found some deals, time to underwrite! This is a very crucial part of the apartment syndication business, as good/bad underwriting can make or break a deal. Listen to Theo and Joe’s best underwriting tips to get you started on the crucial part of apartment syndications. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Based off of your expertise, input information on how you plan to operate the property”

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Direct download: JF_1605_SS_32_-_Series_13_-_Part_2.mp3
Category:general -- posted at: 10:10am EDT

When it’s almost time to search for a deal, it’s important to have your criteria set for what kind of property you are searching for. But how exactly do you figure that out? Well tune into this episode where Theo walks us through exactly that! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’ll save yourself a ton of time by having your criteria set before you look for properties”

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Direct download: JF_1604_SS_31_-_Series_13_-_Part_1.mp3
Category:general -- posted at: 9:15am EDT

With over two decades of real estate investing experience, and even more experience in construction and business building, Greg has a lot to share with us. Just the businesses he has built and/or helped other build and the knowledge he has gained from that, can be invaluable for us to soak in regardless of what level our real estate businesses are at. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Pick a niche and grow it” - Greg Dickerson

Greg Dickerson Real Estate Background:

  • Entrepreneur, real estate investor, and developer
  • Over the past 20 years he has bought, developed and sold over $200 million in real estate
  • Started 12 different companies from the ground up
  • Say hi to him at https://gregdickerson.com/
  • Based in Charlottesville, VA
  • Best Ever Book: Principles by Ray Dalio

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Direct download: JF_1603_Greg_Dickerson.mp3
Category:general -- posted at: 10:01am EDT

Mike became an accidental landlord around the 2008 crash. He actually enjoyed the business and decided to take it up full time. Now he has multiple strategies in real estate investing, with each separate company having a different leader. Hear how he was able to scale to having multiple successful businesses after accidentally stepping into this career. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Find a core business that you love and are good at, learn and grow, and maximize that business” - Mike Jordan

Michael Jordan Real Estate Background:

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Direct download: JF_1602_Mike_Jordan.mp3
Category:general -- posted at: 12:50pm EDT

One way to make money in this business is by identifying an emerging market and get in early before everyone else. But how can we find those emerging markets before everyone else? Well Jerry has some ideas and tips for how anyone can do just that. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A person can find trends, but it’s easier for an AI to do it” - Jerry chu

Jerry Chu Real Estate Background:

  • Developed multiple trading platforms
  • Founder and creator of Lofty, which uses artificial intelligence to identify neighborhood growth
  • Based in LA, CA
  • Say hi to him at https://lofty.ai/

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Direct download: JF_1601_Jerry_Chu.mp3
Category:general -- posted at: 11:16am EDT

Holly and Joe are long time friends, going back to Joe’s advertising days when they were co-workers. She invested in one of his first deals and never looked back. She discovered a tremendous way to invest her money and not only keep more of it, but also create more of it for herself. Today she’s a full time investor and entrepreneur focused on helping others find these opportunities to keep and create more money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I made a $65k gain with my mutual funds, and owed $30k in taxes” - Holly Williams

Holly Williams Real Estate Background:

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Direct download: JF_1600_Holly_Williams.mp3
Category:general -- posted at: 9:22am EDT

We know by now how beneficial BiggerPockets can be for our real estate investing business. Theo is often a top contributor in BiggerPockets and is telling us how he does it. We’ll also touch on why it is important to hit the top contributor status. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’re essentially getting a free ad on BiggerPockets”

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Direct download: JF_1599_Follow_Along_Friday.mp3
Category:general -- posted at: 9:18am EDT

One slightly important part your apartment syndication career is how you will be getting paid, as well as how you will be paying your investors. Today Theo will cover how to pay the Limited Partners in your apartment syndication deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“There are going to be two types of passive investors, debt investors and equity investors”

Free document for this episode:

http://bit.ly/LPstructure

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Direct download: JF_1598_SS_30_-_Series_12_-_Part_2.mp3
Category:general -- posted at: 9:12am EDT

One slightly important part your apartment syndication career is how you will be getting paid, as well as how you will be paying your investors. Today Theo will cover how to pay the General Partners in your apartment syndication deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can put some costs up yourself if you can afford it, or split it with your partner, you’ll be reimbursed later”

Free document for this episode:

http://bit.ly/LPstructure

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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

Direct download: JF_1597_SS_29_-_Series_12_-_Part_1.mp3
Category:general -- posted at: 9:21am EDT

Zeona got her start with real estate investing in 2012 with one AirBnB property. She never looked back, purchased more short term rental properties, and even started a management company where she manages other investors short term rentals all around the world. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“They can be managed from anywhere and just takes a really small team” - Zeona McIntyre on Short Term Rentals

Zeona McIntyre Real Estate Background:

  • Travels the world for half of each year using and teaching a variety of tactics for others to do the same
  • She owns six Airbnb’s and manages 15 properties and teaches others how to invest and set up automates Airbnb business’s
  • Based in Boulder, CO
  • Say hi to her at https://www.zeonamcintyre.com/
  • Best Ever Book: Never Split the Difference

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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

Direct download: JF_1596_Zeona_Mcintyre.mp3
Category:general -- posted at: 9:34am EDT

If you’re in the market for property, as most real estate investors are, it’s nice to know things to look for that could save you money on insurance ahead of time. This becomes more true and relevant the larger the property you’re looking at. From age and geography, to construction and wiring, we’ll be covering a bit of everything as it pertains to how insurance companies look at your properties. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Most carriers do not cover aluminum wiring” - Bryan Shimeall

Bryan Shimeall Real Estate Background:

  • Former real estate builder/developer
  • 2008 & 1st child forced a career change into commercial insurance
  • Joined MRA (Multifamily Risk Advisors) 5 years ago and they insure about 200k units across the country
  • Based in Gainesville, FL
  • Say hi to him at https://multifamilyra.com/
  • Best Ever Book: American Buffalo

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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

Direct download: JF_1595_Bryan_Shimeall.mp3
Category:general -- posted at: 9:09am EDT

Paul is back with us today to tell us about his pivot into self storage from multifamily. For anyone who wants to get into self storage but don’t have any knowledge this is a great intro to the major points on self storage vs. multifamily. If you do have some knowledge on the subject, it’s never bad to learn more! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“In places like Florida they use more storage” - Paul Moore

Paul Moore Real Estate Background:

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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

Direct download: JF_1594_Paul_Moore.mp3
Category:general -- posted at: 10:00am EDT

In this episode we briefly discuss Opportunity Zones; what they are, how you can invest and how big this one-time tax deferral program really is. Similar to a 1031 exchange but with more leniency and better tax advantages, Matt Ryan has been tracking this piece of legislation before it was written into law. Listen to how he'll take advantage of this and find out ways you can implement Opportunity Zones investments into any real estate strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It’s similar to a 1031 but it’s better than a 1031 exchange” - Matthew Ryan

Matthew Ryan Real Estate Background:

  • A social entrepreneur, founder of Re-viv, which addresses the market inefficiencies in community revitalization efforts
  • Focused on the multifamily value-add and development space in distressed areas
  • Based in San Francisco, CA
  • Say hi to him at https://re-viv.com/
  • Best Ever Book: Discipline Equals Freedom

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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

Direct download: JF_1593_Matthew_Ryan.mp3
Category:general -- posted at: 9:49am EDT

Joe and Theo are back for another episode of Follow-Along Friday to discuss a few fascinating economic metrics and what they mean for apartment investors if/when the next economic correction occurs. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We don’t want to push ourselves and do a bad deal just to do a deal” - Theo

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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

 

Direct download: JF_1592_Follow_Along_Friday.mp3
Category:general -- posted at: 9:29am EDT

Yesterday Theo discussed 15 of 49 common questions you’ll get from your passive investors, and how to address them. Today, Theo will go over the remaining 34 common questions that you will get from investors. All of these questions are available in the document below. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We invest in apartments because there is a decrease in homeownership, there is a decreasing apartment vacancy rate, and an overall increase in population

Free documents for this episode:

http://bit.ly/2VdxYmn - Money Raising Tracker

http://bit.ly/commoninvestorquestions - 49 Common Questions

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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

Direct download: JF_1591_SS_28_-_Series_11_-_Part_8.mp3
Category:general -- posted at: 9:08am EDT

Now that we’re actually talking to investors, we’ll be answering a lot of questions. You’ll really want to know some common questions that come up, and how to answer them. That’s what Theo will be going over today in this episode of Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Passive investors invest based off of who they trust"

Free documents for this episode:

http://bit.ly/2VdxYmn - Money Raising Tracker

http://bit.ly/commoninvestorquestions - Common Questions

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

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

Direct download: JF_1590_SS_27_-_Series_11_-_Part_7.mp3
Category:general -- posted at: 9:10am EDT

Chao is with us today to talk about how investors can search properties, make offers, and purchase real estate directly on the blockchain. She created a company to help investors and agents do this after she saw the need for a product like this in the marketplace. Hear how her technology can help your investing and/or the businesses of your real estate investor clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When people submit offers through the website they become the buyers agent so they can find more deals on the website” - Chao Cheng-Shorland

Chao Cheng-Shorland Real Estate Background:

  • Co-founder and CEO of ShelterZoom Corp
  • They are the first real estate technology company to deliver a blockchain based real estate offer and acceptance platform to the mass market
  • Based in NYC
  • Say hi to her at https://www.shelterzoom.com/

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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

Direct download: JF_1589_Chao_Cheng_Shorland.mp3
Category:general -- posted at: 9:39am EDT

JC got his start as a part time investor, working hard to get to a point of leaving his job as a mechanical engineer. Now a full time investor, JC is a value add apartment investor. He also has a passion for technology and says that has helped him grow his business. Hear how he was able to quit his job and be a full time investor, and what he’s doing now to continue the growth. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We spend a lot more money on the leasing office and community center than most people” - JC Castillo

JC Castillo Real Estate Background:

  • Founder and managing principal of the Multifamily Property Group (MPG)
  • They have been investing in large multifamily for 12 years
  • Based in San Jose, CA
  • Say hi to him at https://www.multifamgroup.com/
  • Best Ever Book: The One Thing

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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

Direct download: JF_1588_JC_Castillo.mp3
Category:general -- posted at: 9:44am EDT

Today we welcome back Greg Rand who has told us about investment markets before on the show (link to that episode is below). Now he is the CEO of a platform that has an abundance of deals for single family investors. At the time of recording, they had $200 million in assets for sale on their website. Hear how they find all these deals and take notes to use for you own deal searching, or buy something from their site. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The country is in demand and the population is growing” - Greg Rand

Greg Rand Real Estate Background:

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

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

Direct download: JF_1587_Greg_Rand.mp3
Category:general -- posted at: 9:13am EDT

As a Podio expert, Jordan is constantly working with investors and property managers to help them scale their businesses. He specializes in helping others automate some aspects of their business so they can concentrate on the activities that are most important to their business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Guys who are at the top take the emotion out of decision making” - Jordan Fleming

Jordan Fleming Real Estate Background:

  • CEO of Gamechangers, one of the top Podio partners in the world
  • Builds systems for investors to help investors automate tasks, tack data and KPI’s, and accelerate sales
  • Over 50 investors are using their SmrtPhone phone system for Podio (https://www.smrtphone.io/)
  • Say hi to him at http://wearegamechangers.com/en/main/

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

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

Direct download: JF_1586_Jordan_Fleming.mp3
Category:general -- posted at: 9:07am EDT

Happy New Year! Joe and Theo are back for the first Follow-Along Friday of 2019 to talk about how they approach setting goals.We’ll hear three strategies to make your real estate business better in 2019 than it was in 2018. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

What are other people doing who are achieving success that I can do better?

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

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

Direct download: JF_1585_Follow_Along_Friday.mp3
Category:general -- posted at: 7:56am EDT

Jack traveled to the US to finish school for a year and go back home. That plan fell through however as he met his future wife and started investing in real estate. Starting with raw land, trying wholesaling, tax liens/tax deeds, eventually moving into commercial and multifamily properties. Hear how he grew from nothing to a very successful investor and apply the lessons to your own business! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Let’s not even look at houses anymore, the land deals are working so well” - Jack Bosch

Jack Bosch Real Estate Background:

  • German immigrant, in 1997 he came to US with 2 suitcases and a bunch of student debt
  • Has negotiated, bought, sold, rehabbed, as well as owned and managed over 3,800 properties since 2002
  • Currently he holds a large portfolio of properties in land, single family, commercial, and large multi-family properties
  • Based in Phoenix, AZ
  • Say hi to him at http://orbitinvestments.com/
  • Best Ever Book: Turn The Ship Around

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

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

Direct download: JF1584_Jack_Bosch.m4a
Category:general -- posted at: 9:33am EDT

Peter got into the real estate industry around 2005 and hasn’t looked back. He has a way of finding the hot spots and upcoming hot-spots in neighborhoods and capitalizing, as well as helping his clients capitalize on the upswing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I thought Los Angeles was terribly undervalued” - Peter Lorimer

Peter Lorimer Real Estate Background:

  • Real estate agent for 13+ years
  • Started his career as Rookie Agent Of The Year with Keller Williams
  • In 2009, was the #1 Keller Williams agent in the entire LA region
  • Based in LA
  • Say hi to him at https://www.plgestates.com/
  • Best Ever Book: The Virgin Way

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

Direct download: JF1583_Peter_Lorimer.m4a
Category:general -- posted at: 9:02am EDT

Lee has been a real estate investor for well over a decade. He prefers to invest in single family homes, and has bought and sold over 7,000 properties since 2004. As he says, he’s done everything you can do in the single family space. If you want to learn how to scale to a huge investing business, listen to this episode and take notes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Ask lots of questions even if they seem stupid. They’re not stupid if you don’t know” - Lee Kearney

Lee Kearney Real Estate Background:

  • Single family home real estate investor
  • Since 2004, he has bought/sold 7,000+ properties, and is known as the expert in leveraging real estate market cycles
  • Based in Tampa, FL
  • Say hi to him at http://www.spincompanies.com/
  • Best Ever Book: Tools of Titans by Tim Ferris

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

Direct download: JF_1582_Lee_Kearney.mp3
Category:general -- posted at: 10:39am EDT

Shane has multiple successful strategies he uses in his real estate investing career. Hear the sacrifices he made to grow his business to where it is today, and how he is able to divide his focus across multiple strategies and businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’re never gonna win on the sidelines, you can analyze all you want, but you eventually have to pull the trigger” - Shane Connor

Shane Connor Real Estate Background:

  • Leader of Red Rock Capital, a private investing group providing access to opportunities in MF/Senior Living/ Storage and MHP
  • He’s also a part owner with ACM Senior Living
  • Based in Atlanta, GA
  • Say hi to him at https://www.redrockcapitalgroup.com/
  • Best Ever Book: 168 Hours

 

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

Direct download: JF_1581_Shane_Connor.m4a
Category:general -- posted at: 5:00am EDT

As real estate investors, we love real estate! Tyrone had a different experience with real estate investing, not a good one. He fell in love with the stock market after that and never looked back. Now Tyrone not only helps his own portfolio and wallet, he helps others learn how to invest in the stock market, with a lot of real estate investor clients that just want to diversify. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can buy shares in these companies as they’re rising” - Tyrone Jackson

Tyrone Jackson Background:

  • Known as The Wealthy Investor, Tyrone is a stock market trader and best selling Amazon.com author, You Should be Rich by Now
  • He has a unique ability to simplify stock trading and investing
  • Has been trading and investing for 20 years and teaching others for 10 years
  • Based in Los Angeles, CA
  • Say hi to him at https://thewealthyinvestor.net/

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

Direct download: JF_1580_Tyrone_Jackson.mp3
Category:general -- posted at: 9:05am EDT

Jason and Carrie are partners in life and partners in real estate. Together they have built a big portfolio of real estate, comprised of mostly small multifamily buildings. They have also been able to acquire a lot of them through seller financing. Hear how they are able to find and close on so many seller financed deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We were improving the value of the property and increasing the income, so we could absorb a higher monthly mortgage and still cash flow” - Jason Harris

Jason and Carrie Harris Real Estate Backgrounds:

  • They control around $11M in real estate with $1M in gross scheduled income
  • They own 75 units, most bought through creative financing
  • Based in Lindon, Utah
  • Say hi to them at www.creativegainsrealestate.com
  • Best Ever Book: Tax Free Wealth by Tom Wheelwright

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

Direct download: JF_1579_Jason_and_Carrie_Harris.mp3
Category:general -- posted at: 9:30am EDT

You may have heard of Stessa before, they’re only our current show sponsor. You’ve heard what I have to say about them in the intro, today we will dive in deeper and learn more about what Stessa is and how it can help you with your real estate investing business. From seeing investment performance at the press of a button, to tracking income and expenses, Stessa can help us see performance and make informed decisions. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We have the ability to make the product free” - Heath Silverman

Heath Silverman Real Estate Background:

  • Part-time real estate investor and full-time technology entrepreneur
  • Actively maintains a portfolio of 10 multifamily buildings comprised of over 60 units across the US
  • Co-founder and CEO of Stessa, a software platform that lets property owners track, manage and communicate the performance of their investments
  • Based in San Francisco, CA
  • Say hi to him at https://www.stessa.com/
  • Best Ever Book: All You Zombies

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

Direct download: JF_1578_Heath_Silverman.mp3
Category:general -- posted at: 11:00am EDT

Now we have found our investors, had a phone call, and have sent them a deal. Now we’ll have to conquer their objections. Theo will discuss what are common objections and how to handle them. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You need to have alignment of interests"

Free document for this episode:

http://bit.ly/2VdxYmn

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

Direct download: JF_1577_-_SS_26_-_Series_11_-_Part_6.mp3
Category:general -- posted at: 10:11am EDT

Ready for some more apartment syndication knowledge? Lucky for you, Theo has plenty more knowledge to drop on us today. We’ll be learning more about raising the money we need to complete these deals. Specifically, we’re discussing how to “court” the passive investors that you have found through the methods discussed in the last two Syndication School episodes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Raising money is all about building trust with someone and if you actually care about them and remember them, it makes raising money easier”

Free document for this episode:

http://bit.ly/2VdxYmn

 

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

Direct download: JF_1576_-_SS_25_-_Series_11_-_Part_5.mp3
Category:general -- posted at: 8:52am EDT

Terry has a very extensive background in both real estate and general investments. Along with his own real estate investing, he helps other people invest in real estate and other investments through their Self Directed IRA’s. Hear a different investing strategy and learn what you can and can’t do with your Self Directed IRA. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The individual hasn’t educated themselves enough to know how to avoid doing prohibited transactions”

Terry White Real Estate Background:

  • President and CEO of Sunwest Trust
  • Over 35 years of experience in the real estate and investment world
  • Based in Albuquerque, NM
  • Say hi to him at https://www.sunwesttrust.com/
  • Best Ever Book: Invest In Debt

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

Direct download: JF_1575_Terry_White.mp3
Category:general -- posted at: 10:25am EDT

Steeve was like a lot of real estate investors, started buying properties to hold and was self managing. He grew tired of all the work he was having to do, a full time job almost. He started passively investing in apartment syndications and never looked back, even performing his own syndication deals now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I realized that managing all these units was a full time job” - Steeve Breton

Steeve Breton Real Estate Background:

  • Founder of Velocity Capital, focus on large multifamily syndications
  • Partner in over 14 apartment syndications totaling over 1,700 units - 1,100 as LP, 608 as GP
  • Based in Boston, MA
  • Say hi to him at https://velocitycap.com/
  • Best Ever Book: The One Thing by Gary Keller

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

Direct download: JF_1574_Steeve_Breton.mp3
Category:general -- posted at: 10:12am EDT

Brian is a true entrepreneur, has started and ran numerous businesses, all on the backs of good reviews. He’s had over 10,000 great reviews over his career that has helped his businesses grow. Today he’s here to share how we an get a lot of great reviews for our businesses as well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’ve seen businesses have to change everything because of bad reviews” - Brian Greenberg

Brian Greenberg Real Estate Background:

  • Has founded businesses in e-commerce, marketing, and financial services.
  • Author of The Salesmen who Doesn’t Sell
  • He has generated over $50 million in revenue from his businesses and collected over 10,000 reviews and testimonials from customers.
  • Based in Scottsdale, AZ
  • Say hi to him at https://www.brianjgreenberg.com/bestever

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

Direct download: JF_1573_Brian_Greenberg.mp3
Category:general -- posted at: 11:04am EDT

Tyler always knew he was an entrepreneur, wasn’t interested in college, so he took a car salesman job. As he was doing well there, he still wasn’t doing something to utilize his entrepreneurial skills. Enter real estate. He took a REI course and never looked back, purchasing a $1.5 million multifamily property right off the jump. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of things from the states don’t work here in Canada” - Tyler Hassman

Tyler Hassman Real Estate Background:

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

Direct download: JF_1572_Tyler_Hassman.mp3
Category:general -- posted at: 10:42am EDT

For those that don’t know, cost segregation is a way of deferring taxes, usually reserved for larger, multi-million dollar properties. However, Alan and his firm perform the studies on smaller properties - even single family homes, if it makes sense for the investor. Find out why and when a cost segregation study would make sense for you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Alan Goldstein Real Estate Background:

Best Ever Tweet:

“You wanna start dealing with people at higher levels because they will cut your time to get to that level and show you things that you’re not aware of” - Alan Goldstein

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

Direct download: JF_1571_Alan_Goldstein.mp3
Category:general -- posted at: 9:20am EDT

Yesterday Theo gave us six ways to find passive investors for our apartment syndication deals. Today we’ll hear six ore ways to find our limited partners. If you’ve been following along with this series, you know how important raising money is for this process. These 12 ways to find investors are tested and proven to work by Joe himself. These tactics and strategies have raised enough money from passive investors to close on over $460,000,000 in apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“People are more likely to buy or do something when someone we know has bought or done it”

Free document for this episode:

https://www.dropbox.com/s/wca7zbnpq5p0g23/Money%20Raising%20Tracker.xlsx?dl=0

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

Direct download: JF_1570_-_SS_24_-_Series_11_-_Part_4.mp3
Category:general -- posted at: 11:11am EDT

Now we know why people will invest with us, and which entity to use for the capital raise. Now it’s time we talk about finding the actual people and investors that will be investing with you. Theo gives us six great ways to do it today. And we’ll hear six more ways to find our passive investors tomorrow. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Having a thought leadership platform will help you be perceived as an expert”

Free document for this episode:

https://www.dropbox.com/s/wca7zbnpq5p0g23/Money%20Raising%20Tracker.xlsx?dl=0

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

Direct download: JF_1569_-_SS_23_-_Series_11_-_Part_3.mp3
Category:general -- posted at: 8:42am EDT

Michael had early success with real estate, retired at 45, and then grew bored. He was sitting around and had to figure out what to do now. He’s using his time to help other people do the same as him and obtain financial independence so they can live the life they want. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Sellers are usually hiding some cards” - Michael Zuber

Michael Zuber Real Estate Background:

  • Buy and hold investor, spent 15 years buying one rental at a time
  • Now focusing on helping other busy professionals earn financial independence
  • Based in Mountain View, California
  • Say hi to him at mzuberATonerentalatatime.com  
  • Best Ever Book: Principles by Ray Dalio

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

Direct download: JF_1568_Michael_Zuber.mp3
Category:general -- posted at: 9:03am EDT

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:

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

Direct download: JF_1567_Mark_Willis.mp3
Category:general -- posted at: 9:13am EDT

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 stessa.com/bestever

Direct download: JF_1566_Harsh_Patel.mp3
Category:general -- posted at: 9:03am EDT