Best Real Estate Investing Advice Ever

Joe does about 9 interviews every week for the podcast, and he takes notes on every single interview. Today, he’ll share the very best lessons that the guests taught or reminded him of last week. The five guests are (interviews yet to be released) Gaston Teran, Luis Leiva, Michael Beeman, Cory Boatright, and Gary Pinkerton. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you want to attract the right partners, then be attractive yourself”

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1732_Follow_Along_Friday.mp3
Category:general -- posted at: 9:25am EDT

We’ve heard Theo explain in great detail all the different loan options we have as apartment syndicators. How do you decide which is best for you? Luckily, Theo is going to cover that today so get your pen and paper ready to take notes! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A good starting approach is to reach out to your mortgage broker and tell them what you plan on doing”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1731_-_SS_58_Series_16_Part_4.mp3
Category:general -- posted at: 12:29pm EDT

We’ve covered the two different types of debt (recourse and non-recourse) in part one of this series. Theo talked about the two most popular forms of financing and the most popular agency debt available. Today, we’ll hear about the other loans that are available to finance your apartment syndication deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Time from contract to close with these programs is at minimum 120 days and 6-9 months is common”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1730_-_SS_57_Series_16_Part_3.mp3
Category:general -- posted at: 9:20am EDT

DJ and his wife are a real estate investing team, and they’re just getting started. They have purchased and sold a four unit multifamily building, as well as bought a couple of other deals and are currently holding those. Hear how they got started with little cash to invest, and how they plan on continuing their real estate investing careers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Don’t do it yourself, know what you’re good at, and find yourself a team” - DJ Cummins

DJ Cummins Real Estate Backgrounds:

  • Started in 2015, have purchased 3 properties/6 units, now have approximately $85k in equity, monthly cash flow of roughly $700 per month, with an initial investment of only $10k
  • Based in Bethalto, IL
  • Say hi to them at their new real estate blog http://www.ragstonicerrags.com/
  • Best Ever Book: The Book on No and Low Money Down by Brandon Turner

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1729_DJ__Erin_Cummins.mp3
Category:general -- posted at: 8:40am EDT

Dustin had a few different businesses as he was figuring out his path. Once he came across real estate investing, he found his last business. He stopped all the other businesses, which he says required more work and made less money than real estate investing. Now a successful investor, Dustin is also helping others build their own real estate investing businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We’re investing for the long term” - Dustin Heiner

Dustin Heiner Real Estate Background:

  • Host of the Master Passive Income Podcast
  • Active real estate investor who quit his job at 37 thanks to his rental property investing
  • Based in Peoria, AZ
  • Say hi to him at:
  • Best Ever Book: Richest Man in Babylon

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1728_Dustin_Heiner.mp3
Category:general -- posted at: 1:59pm EDT

Ed is a do it all kind of person and investor. He loves helping his clients make great decisions on their investments, as well as doing his own deals. Not to mention he brokers hard money, the “Lending Tree of hard money” as he calls it. Tune in to hear how he gets hard money for his clients, as well as what he tells newer investors as they are breaking into the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Some lenders have bigger names and people think they are better because of their name” - Ed Hendrickson

Ed Hendrickson Real Estate Background:

  • Full time real estate professional, focuses on helping others invest while building his portfolio
  • First year as a real estate business owner, he assisted in closing over $20 million in transactions
  • Based in Hoboken, NJ
  • Say hi to him at https://www.hardmoneyproject.com/
  • Best Ever Book: A Million Bucks by 30

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1727_Ed_Hendrickson.mp3
Category:general -- posted at: 12:07pm EDT

Alex is an entrepreneur and real estate investor, when he’s not busy with landscaping, he’s working on his own deals. When Alex wanted to start, he didn’t have the cash to get started, his first deal he was able to trade landscaping services for a down payment on a seller financed deal. After that, Alex teamed up with an experienced investor (money partner) and has been completing deals since then. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Every deal will test you, some worse than others” - Alex Holt

Alex Holt Real Estate Background:

  • Owner of Buying Cincinnati Houses
  • Has done over 10 deals with no cash out of pocket
  • Completed several land contract deals that he was able to flip with little more than sweat equity
  • Based in Cincinnati, OH
  • Say hi to him at https://www.facebook.com/alex.holt.777
  • Best Ever Book: Rich Dad Poor Dad

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1726_Alex_Holt.mp3
Category:general -- posted at: 9:29am EDT

We received a couple of great questions over the last week, and decided to answer them today on Follow Along Friday. Joe will answer a question about getting a potential seller to want to sell, as well as responding to a question about who controls the bank account in an apartment syndication. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Get curious, what could be their motivation?”

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1725_Follow_Along_Friday.mp3
Category:general -- posted at: 11:32am EDT

Time to get back into financing for apartment syndication deals. Today Theo will be discussing the top agency loans available. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“There is a required occupancy of at least 90%”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1724_-_SS_56_-_Series_16_-_Part_2.mp3
Category:general -- posted at: 1:17pm EDT

Another week, another syndication school series. This week, Theo is discussing financing for your apartment syndication deals. He’ll be covering all the different options, recourse vs. non recourse, and discussing a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different loan officers specialize in different loan types”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1723_-_SS_55_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 8:56am EDT

Mike’s real estate career started off a little unusual compared to most, as his first deal was in Russia. After that deal, Mike started buying duplexes and small multi’s in Texas. He wanted to get out of the landlord life, so he sold half of his portfolio. Now Mike is raising capital for deals, and has helped investors acquire over 3,800 multifamily and self storage units. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Real estate investing is a relationship business” - Mike Krieg

Mike Krieg Real Estate Background:

  • Co-founder of Steeple Rock Partners, LLC
  • Has been investing in real estate for 14 years
  • Has helped provide investor funds to purchase 3,800 apartment and self storage units worth $300M
  • Based in Austin, Texas
  • Say hi to him at https://www.steeplerockpartners.com/
  • Best Ever Book: Think and Grow Rich

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1722_-_Mike_Krieg.mp3
Category:general -- posted at: 8:51am EDT

Most of us know by now that our national real estate market is cyclical. With that in mind, Ryan and Mark have created a fund for investors as well as themselves to get conservative returns, while also growing the fund. We’ll hear about what assets they invest in and what they look for with potential deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of investors today read the PPM but don’t really think about what is the senior debt? Debt in a recession is what gets everyone in trouble” - Ryan Andrews & Mark Khuri

Ryan Andrews & Mark Khuri Real Estate Backgrounds:

  • Founders and managers of Aerial Investment Management.
  • In 2018, they launched the Recession Resistant Fund. A diversified real estate fund for passive investors targeting asset classes that are designed to perform through a recession or a volatile market cycle.
  • Fund has invested in 7-10 deals as an equity partner
  • Based in Bend, OR
  • Say hi to them at http://bit.ly/2N3vd3v
  • Best Ever Book: When Genius Failed

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1721_Ryan_Andrews_and_Mark_Khuri.mp3
Category:general -- posted at: 9:36am EDT

Antoine has been investing in real estate for four years now, and he’s only 23. Turnkey was not always the business plan, but that is what the company has grown to. Just two years ago, they did 10 houses, last year they did 60, this year they’re on track to complete 100 deals. Learn what he does to grow his business to 100 deals per year in four years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“From the networking, I had a pool of people that were interested in turnkey rentals” - Antoine Martel

Antoine Martel Real Estate Background:

  • 23 year old real estate investor
  • Does 100 flips per year (turnkey rentals), owns a 20 unit apartment building
  • Based in LA, CA
  • Say hi to him at https://martelturnkey.com/
  • Best Ever Book: The 10X Rule

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1720_Antoine_Martel.mp3
Category:general -- posted at: 11:55am EDT

Edgar took over a struggling janitorial company at the age of 23 in 2008. He took that struggling business and grew it into a successful commercial and construction cleaning company, helping investors clean up their properties after construction. It wasn’t always easy, Edgar worked two jobs for some time. He’s had success, but some of the business slowed for a while, Edgar did not given up, he’s working harder than ever to get his business to levels it has never reached. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I didn’t know how I would pay the bills, but I knew that if I kept learning, and putting myself out there, I would make it” - Edgar Aguilar

Edgar Aguilar Real Estate Background:

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1719_Edgar_Aguilar.mp3
Category:general -- posted at: 11:03am EDT

Last Follow Along Friday, Theo mentioned that he has decided to sell his 12 unit portfolio. Joe was taken by surprise and wanted to really dive into the story with Theo on another episode of Follow Along Friday, rather than quickly mentioning it in last week’s episode. We’ll hear the mistakes Theo made, which is part of the reason why he’s selling now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Anytime I had a few months of cash flow, I’d have to spend that cash flow to fix something else” - Theo

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1718_Follow_Along_Friday.mp3
Category:general -- posted at: 11:07am EDT

Now it’s time for the second and last part of this Syndication School series on submitting your apartment syndication deals. Theo is diving deep into the details so you can walk away from these two episodes know exactly how to submit your offers on large apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Based off the seller’s motivation and everything you learned in the underwriting process, either submit your offer, or decide to walk away”

Free LOI Examples:

http://bit.ly/loiexamples

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1717_-_SS_54_-_Series_17_-_Part_2.mp3
Category:general -- posted at: 8:40am EDT

Get ready for some more syndication knowledge bombs from our resident apartment syndication instructor, Mr. Theo Hicks. He’ll be taking another step forward in the syndication process, explaining step-by-step how to submit your apartment offers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If there isn’t a price listed, there are a few ways to get a ballpark idea of what the price will be”

Free LOI Examples:

http://bit.ly/loiexamples

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1716-_SS_53_-_Series_17_-_Part_1.mp3
Category:general -- posted at: 9:33am EDT

Alex’s first deal took him 6 months to close, and he only made $1800. After that, he realized he was doing something wrong. He made some changes, continued taking risks, and now succeeds at a high level in real estate investing. Learn how he kept going even after a bad first deal, and what tactics he employs to avoid another bad deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You think you know something, but more than likely you haven’t played all angles of devil's advocate” - Alex Brodowski

Alex Brodowski Real Estate Background:

  • Real Estate Developer and founder of Westmont Capital Group, LLC.
  • Owns multifamily, retail, and light industrial properties
  • Last year they had $30M worth of inventory they moved
  • Based in Nashville, TN
  • Say hi to him at abATwestmontcapgroup.com
  • Best Ever Book: Think and Grow Rich

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1715_Alex_Brodowski.mp3
Category:general -- posted at: 9:29am EDT

Mitch has built quite a large real estate investing company, doing at least one deal every four days. His strategy is to seller finance properties that he buys with his private investors. He raises the money and keeps them legal, while his team take care of the rest. He’ll share how he’s been able to grow such a large business, and raise a large amount money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If the house is worth $100k, I get a loan for about $58k” - Mitch Stephen

Mitch Stephen Real Estate Background:

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1714_-_Mitch_Stephen.mp3
Category:general -- posted at: 10:47am EDT

Jason and his team help investors with marketing. This was born out of a need of his own, and realized others had the same need. We’ll hear tips to improve our own marketing, we’ll also hear how a company like his can help optimize your marketing for you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I quickly built an algorithm, or a spreadsheet at that time” - Jason Roether

Jason Roether Real Estate Background:

  • Runs an AI Technology company called Liberty AI
  • His company has been doing marketing in the real estate industry for over 12 years
  • Recently developed an AI software for investors that is patterned after the core technology used by Google and Facebook
  • Based in Spokane, WA
  • Say hi to him at https://libertyai.net/
  • Best Ever Book: Think bigger

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1713_Jason_Roether.mp3
Category:general -- posted at: 9:49am EDT

Eric saw a problem in the marketplace, created a solution for himself, and is now helping others do the same thing he did. Taking IRA savings and investing in private companies was a complicated process before, now Eric and his team make it easy for their clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“That’s what we call a big market opportunity” - Eric Satz

Eric Satz Real Estate Background:

  • Founder and CEO of AltoIRA
  • His mission is to make 21st-century investment opportunities available to everyone, not just accredited investors
  • Based in Nashville, TN
  • Say hi to him at https://www.altoira.com/

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1712_-_Eric_Satz.mp3
Category:general -- posted at: 10:25am EDT

Joe has three more great pieces of wisdom to share with us from his interviews last week. We also get an update from Theo on his properties, which he is selling, but tune in to find out why. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I assumed, incorrectly that he made $100,000. I need to ask about their carrying costs”

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1711_Follow_Along_Friday.mp3
Category:general -- posted at: 9:53am EDT

Now that we’ve discussed most of the underwriting process for value add apartment syndication, Theo will cover visiting the property in person. Visiting in person is something you will need to do, regardless of how far away it is. You’re dealing with investors’ money, doing proper due diligence is a requirement. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“One of the first properties I toured, I went with my wife and thought the property did not need much work. The second tour, I brought the property manager, and she pointed things out that I didn’t see”

Free Cash Flow Calculator: http://bit.ly/simplecashflowcalculator

Free RCA Sample: http://bit.ly/RCAforsyndication

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1710_-_SS_52_-_Series_16_-_Part_8.mp3
Category:general -- posted at: 9:07am EDT

Theo is picking up where he left off last week with rental comps. You’ll need to have accurate rent comps so that you can set accurate assumptions in your underwriting. Today we’ll learn how to ensure we have good comps, and what to do with them once we have them. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“As you get comfortable with the free model and learn and grow, you can customize it however you want”

Free Cash Flow Calculator: http://bit.ly/simplecashflowcalculator

Free RCA Sample: http://bit.ly/RCAforsyndication

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1709_-_SS_51_-_Series_16_-_Part_7.mp3
Category:general -- posted at: 10:28am EDT

Alex has been working on his platform, BuildingBits, for about three years, they are now live and accepting investments. They are a company that brings institutional type commercial real estate deals to the average person. We’ll learn what led Alex to creating this platform, and also hear about the experience and returns that an investor can expect to receive. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If we feel the price is fair and is supported by a third party appraisal, we’re not going to beat them up on the price in two or three months when it’s time to close” Alexander Aginsky

Alexander Aginsky Real Estate Background:

  • Principal Shareholder, Founder and Chief Executive Officer of Building Bits
  • Extensive real estate, private equity, and venture capital experience
  • Managed a complex commercial real estate portfolio for global investors, including two hotel developments
  • Based in Portland, OR
  • Say hi to him at https://buildingbits.com/
  • Best Ever Book: Fountainhead

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1708_Alexander_Againsky.mp3
Category:general -- posted at: 9:41am EDT

Frank and Joe are having another case study conversation of a recent deal which they took full cycle. The property had its own unique set of challenges they had to overcome to make this deal work. From unexpected repairs to the outside and foundations, to replacing an entire new fence around the property. They also did a lot of things right with the deal, and we’ll hear about that too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Now we do our own property condition assessment” - Frank Roessler

Frank Roessler Real Estate Background:

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1707_Frank_CO_Case_Study.mp3
Category:general -- posted at: 11:02am EDT

Today we’ll hear a case study from our guest Lennon, about how and why he started as a passive investor, and transitioned into active investing. Lennon actually started out with the intention to be active, but used the passive route to learn the business a little while getting returns on his money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I wanted to be active but learned the business by being passive” - Lennon Lee

Lennon Lee Real Estate Background:

  • Founder of BLD Capital Group
  • Has been involved in the acquisition of over 1,500 units of multifamily real estate with an approximate market value of $150 million
  • Based in Miami, FL
  • Say hi to him at https://www.bldcapitalgroup.com/

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

 

Direct download: JF_1706_Lennon_Lee.mp3
Category:general -- posted at: 11:36am EDT

David is now co-host of the BiggerPockets podcast, and author of a book focused on teaching the BRRRR method. He has a lot of experience as an investor, agent, and educator, now he’s finding new ways to share his knowledge with his book. We’ll cover what you can expect to learn by reading his new book, and cover the BRRRR method a little more in-depth than we ever have. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If more people did that, they just wouldn’t suck at life” - David Greene

David Greene Real Estate Background:

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1705_David_Greene.mp3
Category:general -- posted at: 11:52am EDT

If you’ve listened to any Follow Along Friday episodes with Joe and Theo lately, you know the format. Joe and Theo will share what they learned last week from interviewing other investors for the podcast and explain how that can relate to us. Today, Theo is sharing his lessons learned from doing all the interviews last week, as Joe had to be out of town. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He has to understand the yields of certain crops, so working with the farmers when he is underwriting is very important”

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

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Direct download: JF_1704_Follow_Along_Friday.mp3
Category:general -- posted at: 9:32am EDT

More underwriting talk today with Theo. We all know it’s important for apartment syndication. Even if you know what you’re doing, it never hurts to hear how others underwrite, you might learn something new. Today Theo will comer how to run a good Rental Comp Analysis and what to do with it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can assume that if you perform the same level on renovations on the remaining units, you’ll achieve that same $100 rental premium”

Free Document:

http://bit.ly/RCAforsyndication 

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1703_SS_50_-_Series_16_-_Part_6.mp3
Category:general -- posted at: 8:36am EDT

Syndication school is back! We’re just going to jump right back into it today. Theo will pick back up where he left off with underwriting. Specifically, today he’ll be talking about how to determine your asking price. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’ll know how much money you should pay for the deal, and how much you need to raise”

Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1702_SS_49_-_Series_16_-_Part_5.mp3
Category:general -- posted at: 9:22am EDT

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