Best Real Estate Investing Advice Ever with Joe Fairless

Scott and his colleagues realized that there is a massive amount of bad information on the internet when it comes to asset protection. He set out to find and teach others a better way. Today Scott is here to tell us about setting up a series LLC to protect your assets, hide ownership, and not cause you a headache with your taxes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“People seem to think that insurance coverage is enough” - Scott Smith

 

Scott Smith Background:

-Owner of Royal Legal Solutions, provides business, tax, and legal solutions exclusively for real estate investors

-Spent 8-years deconstructing real estate investing, developed strategies to protect your assets from devastating lawsuits, maximize tax savings, and more

-Prior to RLS he was an aggressive litigator who brought suit against major insurance companies

-Say hi to him at https://royallegalsolutions.com

-Based in Austin, Texas

-Best Ever Book: Four Hour Work Week by Tim Ferris

 

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1275_-_Scott_Smith.mp3
Category:general -- posted at: 10:14am EDT

Bruce started his career as a stock broker. Around 1991 the market changed some and he was not able to make a lot of money in his career anymore. After an 18 year stint in the retail industry, Bruce started educating himself in real estate. His very first deal was a 48 unit syndication in Austin, Texas. Now he only looks at 200+ units and shares his experiences on podcasts for people to learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“What we do, on everything we do, it’s all based on community” - Bruce Petersen

 

Bruce Petersen Real Estate Background:

- Owner of Bluebonnet Asset Manager  

Serial syndicator of large multi-family properties ranging in size from 120-292 units.

-Awarded the Austin Apartment Association Independent Rental Owner of the Year for 2016

-Awarded the National Apartment Association's Independent Rental of the Year for 2017

-Say hi to him at www.apt-guy.com

-Based in Austin, Texas

-Best Ever Book: Rich Dad, Poor Dad

 

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1274_-_Bruce_Petersen.mp3
Category:general -- posted at: 11:38am EDT

James has recently bought two apartment communities, rehabbed the units and refinanced all of the capital out of them. What’s more impressive is that he acquired these properties by texting the owners! A lot of great tips for all investors in this episode, especially for syndicators or want-to-be syndicators. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“That’s a very expensive text because you get really good deals with that text” - James Kandasamy

 

James Kandasamy Real Estate Background:

-Owner of Achieve Investment Group

-Multifamily Sponsor owning 340 units in Central Texas Area with a focus on value add deals

-Syndicate large Multifamily Apartment properties by raising money from accredited private investors

-Say hi to him at http://achieveinvestmentgroup.com/

-Based in Austin, Texas

-Best Ever Book: Think and Grow Rich

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1273_-_James_Kandasamy.mp3
Category:general -- posted at: 4:14pm EDT

Dave is a previous guest on the show who specializes in triple net leases. Today he comes back on the show to talk about how he and his team try to predict certain things that will happen and be proactive in solving problems before they even come up. Dave gets a lot of people asking him how he “does so much”. He attributes being on top of everything all the time to his time spent working at The White House. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You have to develop this skill set to always be ahead of yourself” - Dave Sobelman

 

Dave Sobelman Background:

  • Founder & CEO of Generation Income Properties (a public net lease REIT)
  • Founder of net lease brokerage firm 3 Properties.
  • Managed more than 1,000 single-tenant net lease transactions and has been involved in about $10 billion in transactions
  • Began his tenure in commercial real estate as a Research Analyst and Associate for Grubb & Ellis Company
  • Was responsible for maintaining market data for over 134 million square feet of area properties and accurately forecasting regional trends for client assessments
  • Based in Tampa, Florida
  • Say hi to him at www.gipreit.com





Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1272_-_Dave_Sobelman.mp3
Category:general -- posted at: 12:48pm EDT

Dana is bringing a technology solution to virtual investors. If you own property in another state, Dana and her company Hemlane have an innovative solution to management for you. She says that their company is a good solution between DIY and full service property managers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“All 11 portfolios automated on one dashboard” - Dana Dunford

 

Dana Dunford Background:

-CEO of Hemlane, a technology-enabled property management platform

-Previously, she worked at Apple in worldwide financial planning and analysis and at Nest, the home technology company acquired by Google for $3.2B

-Received her MBA from Harvard

-Say hi to her at https://www.hemlane.com/

-Based in San Francisco, California

-Best Ever Book: The Lexus and the Olive Tree



Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1271_-_Dana_Dunford.mp3
Category:general -- posted at: 4:07pm EDT

Joe and Theo are back this week to discuss rejection. We’ll hear of three different investors who were all rejected on offers but kept going and ended up finding success. This episode was also filmed on Facebook live, some listener/viewer questions were answered live in real time. To watch the live filming on Thursday before we turn it into a podcast episode on Friday, visit bestevershowcommunity.com.

 

Best Ever Tweet:

“Champions love the process as much as the outcome” - Quote we stole from Terrell Fletcher

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1270_-_Follow_Along_Friday.mp3
Category:general -- posted at: 2:14pm EDT

David reached the age of 53, living in Seattle he’s technically able to retire now. When he actually looked at his situation, he realized there was no way he could actually retire. He looked at options and felt that real estate was the answer for him. He set out to get his license, analyzed properties, and found a 24 unit cash flowing apartment building. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Pick your strategy and go with it” - David Sweeney

 

David Sweeney Background:

-30 years with the Seattle Police (currently a lieutenant)

-Nearing retirement age, he began to immerse himself in owning multi-family properties

-Got his real estate license this year, and last month closed on first transaction, a 24-Unit cash flowing apartment building

-Currently looking for his next deal

-12 years of experience as a professional mediator

-Say hi to him at davidsweeney.com or davidATdavidsweeney.com

-Based in Seattle, Washington

-Best Ever Book: 80/20 Sales and Marketing by Perry Marshall

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1269_-_David_Sweeney.mp3
Category:general -- posted at: 2:41pm EDT

Kathleen is an entrepreneur, podcaster, and real estate investor. We get to hear entrepreneurial tips from her as well as hear an investor story of buying residential real estate. She prefers to buy houses that are move in ready, and rent them out to decent tenants in decent areas. Her strategy is that she only buys homes that she would want to live in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“It is worth thinking of your house as a brand in order to get good tenants” - Kathleen Shannon

 

Kathleen Shannon Real Estate Background:

-Co-owner of the branding agency Braid Creative

-Co-host and author of Being Boss a podcast (and now book!) giving advice for creative entrepreneurs

-Invests in residential properties with her husband as a way to slowly build their wealth and retirement

-10+ years Agency & Entrepreneurial experience

-Say hi to her at www.braidcreative.com

-Based in Oklahoma City, Oklahoma

-Best Ever Book: Daring Greatly

 

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1268_Kathleen_Shannon.mp3
Category:general -- posted at: 10:52am EDT

Eric left his 6-figure IT job to pursue real estate full time a few years ago. Now he owns properties and prefers to manage them himself. Today he tells us his best ever tips for managing investment properties. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review.

 

Best Ever Tweet:

“It all depends on where you’re at in your life and what your true opportunity cost is” - Eric Drenckhahn

 

Eric Drenckhahn Real Estate Background:

-A "DIY landlord" who has managed his mid-sized portfolio for years since 2000

-Left his full-time 6-figure IT job to pursue real estate and travel

-Purchased 5 fourplexes and a single-family home, a couple more flips, either as an investor or in the rehab

-Single-family home at a sheriff’s sale that was redeemed away from me.

-Currently focusing on doing a 1031 exchange to a Florida property

-Say hi to him at http://www.nononsenselandlord.com/

-Based in St. Paul, Minnesota

-Best Ever Book: The Art of the Deal

 

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1267_-_Eric_Drenckhann.mp3
Category:general -- posted at: 12:52pm EDT

Josh has been investing in real estate for 5 years now and has done a good amount of deals. He’s gotten creative to purchase some of them, and has even done live-in flips with his family living in the house with him! To hear some creative strategies and how to tackle difficult situations click listen on this episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review

 

Best Ever Tweet:

“There’s only four banks in our town” - Josh Daniels

 

Josh Daniels Real Estate Background:

- invest in single family homes and small duplex

- Real estate investor for the past 5 years

- has 8 units in his portfolio

- Have completed 8 buy-n-hold deals, flipped 4 properties, wholsaled 2

- Say hi to him at joshcecATgmail.com

- Based in Columbus, Montana

- Best Ever Book: Millionaire Next Door

 

 

Made Possible Because of Our Best Ever Sponsors:

Are you looking for a way to increase your overall profits by reducing your loan payments to the bank?

Patch of Land offers a fix-and-flip loan program that ONLY charges interest on the funds that have been disbursed, which can result in thousands of dollars in savings.

Before securing financing for your next fix-and-flip project, Best Ever Listeners you must download your free white paper at patchofland.com/joefairless to find out how Patch of Land’s fix and flip program can positively impact your investment strategy and save you money.

Direct download: JF_1266_-_Josh_Daniels.mp3
Category:general -- posted at: 2:43pm EDT