Best Real Estate Investing Advice Ever

Jamie bought his first real estate investing deal in 2005. He still has that same property because he was unable to sell it. He didn’t let that ruin his investing career, Jamie now owns more than 20 units with more under contract to close (may have closed since recording this episode). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Build your network, but also try to be the face of a market or the face of a niche within a market” - Jamie Gruber

Jamie Gruber Real Estate Background:

  • Real estate investor with 21 units and 22 more under contract
  • Recently created a fund to take on capital and scale his business with his partner
  • Based in Ann Arbor, MI
  • Say hi to him at https://www.cfassetgroup.com/
  • Best Ever Book: Outwitting the Devil 

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1854_Jamie_Gruber.mp3
Category:general -- posted at: 12:00am EDT

Mike is on the show today to tell us how he’s helping apartment owners save money in the long run by investing in smart technology. He’s also been around real estate for the majority of his career so he understands how owners and managers think about their investments. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You need a partner” - Mike Rovito

Mike Rovito Real Estate Background:

  • CEO of Dwelo (dwell-oh)
  • Dwelo provides smart apartments to the owners and managers of multifamily communities
  • They have about 40,000 units on their platform 
  • Based in San Francisco, CA
  • Say hi to him at https://www.dwelo.com 

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1853_Mike_Rovito.mp3
Category:general -- posted at: 12:00am EDT

Michelle immigrated to the states to study business and work a normal job like most people expected. She did that, and she was not happy. Thankfully she came across real estate investing as a way out of that. Now doing syndications and buying and selling land, Michelle and her team are doing really well and she’s here today to share her story and knowledge with us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I wish he had focused on the who of our business a lot sooner, we’ve been focusing a lot on the team” - Michelle Bosch

Michelle Bosch Real Estate Background:

  • Co-founder and CFO of Orbit Investments and a full time real estate investor since 2002
  • They have over $40 Million AUM
  • She has bought and sold over 4,000 pieces of real estate and built the 3rd largest land investment and auction company in the US
  • Based in Phoenix, AZ
  • Say hi to her at https://www.michellebosch.com/ 
  • Best Ever Book: This is how we rise

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1852_Michelle_Bosch.mp3
Category:general -- posted at: 12:00am EDT

A couple of lessons coming at you today from Joe’s interviews for the podcast. We’ll hear his favorite two lessons he learned, which were from Bob Lachance (https://revaglobal.com/) and Shoshana Winter (https://www.iintoo.com/). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“They’ll get more relevant information for them”

Free Document:

LOI Examples: http://bit.ly/loiexamples2 

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1851_Follow_Along_Friday.mp3
Category:general -- posted at: 12:00am EDT

A strategy for buying apartment communities that we haven’t really covered is to purchase the LLC that owns the community. There are advantages and disadvantages to this of course, and Theo will break those down in detail on today’s episode of Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can keep the current tax valuation when you purchase the LLC”

Free Document:

LLC Purchase Transfer: http://bit.ly/llcpurchasetransfer 

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1850_-_SS_92_-_Series_29.mp3
Category:general -- posted at: 12:00am EDT

Finding deals is one thing, closing the deal and bringing the required capital to the table is another. One thing we have hammered home with Syndication School is the need to gain credibility with investors. Theo will cover more ways you can accomplish this in today’s episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you don’t have expertise yet, you can interview people who have expertise” 

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

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1849_-_SS_91_-_Series_28.mp3
Category:general -- posted at: 12:00am EDT

Brian is a Chiropractor by trade, while also being an active real estate investor who helps other people safely invest in real estate. He had a client come in and tell him he just retired, put his savings in the stock market, and then it crashed. That client lost 30-40% of his life savings overnight. Brian never wanted that to happen to him so he started learning about real estate and hard assets. We;ll hear what he learned and hear some case studies of his deals, the good and the bad. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Fortunately we found it or it would have been an environmental nightmare, sometimes the best deals are the ones you don’t do” - Brian Robbins

Dr. Brian Robbins Real Estate Background:

  • A successful entrepreneur before entering the multifamily investment arena
  • Owned his own small apartment complex, a 32,000 sq. ft. shopping center and some SFR’s
  • Based in Danville, VA
  • Say hi to him at www.wealthgencap.com 
  • Best Ever Book: Ten X Rule

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1848_-_Brian_Robbins.mp3
Category:general -- posted at: 12:00am EDT

Anna and Ken are a husband and wife team, who are both military veterans and now full time real estate investors. When they finished with the military, they held W2 jobs while also getting into real estate investing. After just two years of investing, they were ready to leave their jobs and be full time investors. We will hear how they were able to do that in a short amount of time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It’s not glamorous and it’s not easy” - Anna & Ken Hummel

Anna & Ken Hummel Real Estate Backgrounds:

  • Veterans who are just now getting some skin in the real estate game.
  • They have 6 rental units, working on first flip, have left W2 jobs behind in just two years of real estate investing
  • Based in Colorado
  • Say hi to them at https://www.facebook.com/AKhomesLLC/ 
  • Best Ever Book: The 4 Hour Work Week

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1847_-_Anna_and_Ken_Hummel.mp3
Category:general -- posted at: 12:00am EDT

Michael has many years of experience in the real estate investing world. From working with small family brokerages and offices, commercial real estate, to opening his very own brokerage. These days, Michael is still a broker, focusing on his clients and how to best serve them and their investing needs. We’ll hear how he does this, the questions he asks, and the properties he finds for his clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Let them talk!” - Michael Polk

Michael Polk Real Estate Background: 

  • Founder of Polk Properties
  • Has over 30 years of real estate experience
  • Based in Long Beach, CA
  • Say hi to him at http://polkproperties.net/
  • Best Ever Book: The Ascent of Money

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1846_-_Michael_Polk.mp3
Category:general -- posted at: 12:00am EDT

As the title suggests, Logan was an undrafted NFL player who worked really hard to make it to the league. Once his time in the NFL was over, he had to reinvent himself from an athlete to...what? Real estate investing was the answer for him, as it is for many of us if you’re listening to this podcast. Hear his story of making the change and what he does with real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you’re buying something that’s almost 150 years old, you really need to take an expert in there with you” - Logan Freeman

Logan Freeman Real Estate Background:

  • Real estate investor, developer, and agent 
  • Has completed over 120 transactions in less than one year
  • Ex NFL player for the Oakland Raiders
  • Based in Kansas City, MO
  • Say hi to him at http://livefreeinvestments.com/ 
  • Best Ever Book: Capital Raising by Richard Wilson

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1845_-_Logan_Freeman.mp3
Category:general -- posted at: 12:00am EDT

More Best Ever Lessons coming at you today from Joe’s interviews. Today’s lessons are coming from William Robison (https://www.kansascityinvestmentrealestate.com/), DJ Scruggs (https://realbluespruce.com/), and Jens Nielsen (https://opendoorscapital.com/). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can still find deals if you are resourceful enough”

Free Document:

Rental Comparable Analysis: a template for completing Step 6 to 8 of the underwriting process: http://bit.ly/besteverrentalcomps 

Referenced in this show:

https://joefairless.com/8-step-process-for-finding-the-owner-of-an-llc/ 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1844_Folllow_Along_Friday.mp3
Category:general -- posted at: 12:00am EDT

Theo will be sharing a few stories with us today. A couple of stories come from Joe, and you may have heard them before, if you’re a loyal Best Ever Listener. The other story is his own. These stories are all focused on networking and how to add value to others, which will ultimately help you and your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It’s about going to the conference and putting yourself in position to find partners”

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1843_-_Stand_Alone_2.mp3
Category:general -- posted at: 12:00am EDT

Theo is back with some important syndication information. He will be covering where the majority of Joe’s (Ashcroft Capital’s) investor capital comes from. This information is being shared with you so that you can take the information and use it for your own syndication business. Even as I write these notes, it’s hard to believe that Joe is okay with sharing all his “secrets” but nonetheless, here we are, telling you exactly where Joe finds investors to invest in his deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“People who have already invested with you will be more inclined to invest more money than a first time investor” 

Free Money Raising Tracker:

http://bit.ly/moneyraisingtracker

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1842_-_Stand_Alone_1.mp3
Category:general -- posted at: 12:00am EDT

With the advancements in technology, Allan’s job as a commodity trader was shifting from the yelling and screaming on the trading floor to behind a computer screen. With many people in his position losing their jobs to technology, Allan decided to explore real estate investing. It was not a tremendous start, but Allan overcame some bad deals and relationships to ultimately succeed, and he keeps on succeeding. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The reason it wasn’t a great deal is because I didn’t know enough about the neighborhood” - Allan Szlafrok

Allan Szlafrok Real Estate Background:

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1841_Allan_Szlafrok.mp3
Category:general -- posted at: 12:00am EDT

Steve is on a mission to educate and inspire 1,000,000 people with his podcast, meetup, and his own real estate investing. With over 20 units, 4 development projects, 60-70 person real estate meetup, he is on his way to that goal. We’ll hear about how he grew his meetup, what that has done for his business, as well as hear about some of his real estate deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Keeping track of all the places you are looking at or have made offers on, and revisiting them after a month” - Steve Arneson

Steve Arneson Real Estate Background:

  • Real estate investor with 20+ doors
  • Has 4 development projects in the early stages, hosts a monthly meetup for the last 3 years, and is a co-producer of Victoria Real Estate Investment Expo
  • Based in BC, Canada 
  • Say hi to him at https://thereinvestors.ca/ 
  • Best Ever Book: Traction

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1840_Steve_Arneson.mp3
Category:general -- posted at: 12:00am EDT

Travis was in direct sales and did very well for a few years. Even though the money was nice, he didn’t see himself doing if for the next ten years. We’ll hear what he learned from that sales job and how he uses those skills today as a real estate investor. Some of the biggest tips he has to share relate to reading people and knowing how to respond. This can be huge for us as real estate investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Get in that pocket and allow yourself to stay there longer than that person” - Travis Chappell

Travis Chappell Real Estate Background:

  • Direct sales consultant, real estate investor, and professional connector
  • Creator and host of Build Your Network, a Top 25 Business podcast
  • Based in Las Vegas, NV
  • Say hi to him at https://travischappell.com/
  • Best Ever Book: Everything is F****d

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1839_Travis_Chappell.mp3
Category:general -- posted at: 12:00am EDT

H.J. has a system, or a blueprint for his real estate investing that he says works in any city. He didn’t just come across this system, it comes from years of hard work and acquiring properties all around the world. When H.J. first started with real estate investing, he was in financial ruins, now he has a portfolio worth over $8 Million. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“My property manager wasn’t filling the vacancies so that I wouldn’t make money and be forced to sell at a discount” - H.J. Chammas

H.J. Chammas Real Estate Background:

  • Multi award winning author with over 10 years of real estate experience
  • Invests in Asia, Europe, and Dubai, has a proven investing blueprint that works in any major city in the world
  • Based in Dubai
  • Say hi to him at https://www.employeemillionaire.com/ 
  • Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1838_HJ_Chammas.mp3
Category:general -- posted at: 12:00am EDT

Joe has another round of Best Ever Lessons to share with us today from doing the podcast interviews last week. Theo has another trivia question, be the first to answer correctly and receive a free copy of their first book. The lessons this week are coming from Peter Knobloch (http://www.pknobloch.com/), Nicole Stohler (https://www.therichergeek.com/), and Ali Boone (https://www.hipsterinvestments.com/bestever/). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Some of these concepts don’t just apply to hotels” 

Free Apartment Resource:

http://bit.ly/bestevercalculator

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1837_Follow_Along_Friday.mp3
Category:general -- posted at: 12:00am EDT

Theo is reviewing an offering that someone sent us, asking for feedback. We’ll hear what he did great, and maybe what could have been better. A recurring theme in Syndication School and on this podcast in general, is learning from others, and incorporating the lessons they have learned into your life and business. That is exactly what we are doing today by reviewing this persons offering. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You want to make the email with the expectations that the majority of investors are not going to read through the whole thing” 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1836_-_SS_88_-_Series_25.mp3
Category:general -- posted at: 12:00am EDT

We’re hearing a couple of lessons from a 250 unit apartment syndication deal that an investor completed. The two lessons are, getting your property management company to put equity in the deal, and priming private money investors prior to finding a deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“All of the added legal costs and increase in down payment will likely push the deal below your return expectations” 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

 

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1835_-_SS_87_-_Series_24.mp3
Category:general -- posted at: 12:00am EDT

Ryan had a job in the banking world, didn’t like it, looked for a way out, found his way out with real estate investing. We’ll hear how he was able to take the leap to being a full time investor, and how he closed his first deal. We’ll also hear how he has scaled his business to owning over 500 mobile home pads. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We are obsessed with getting people on the phone” - Ryan Narus

Ryan Narus Real Estate Background:

  • Real estate investor for the past four years
  • Has closed on $20 million in mobile home parks, currently owns 8 parks and about 535 pads
  • Based in Charlotte, NC
  • Say hi to him at http://www.archimedesgrp.com/
  • Best Ever Book: Never Split The Difference

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1834_Ryan_Narus.mp3
Category:general -- posted at: 12:00am EDT

Today’s episode is the audio from our July meetup in which we had three experts on a panel to discuss how the market in Cincinnati has been in the first half of 2019. More importantly, we’ll hear what they think the real estate market will do in the second half of 2019. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You hire an agent for exposure, negotiating skills, and positioning” - Peter Chabris

Peter Chabris Real Estate Background:

  • Owner and executive of The Chabris Group
  • The Chabris Group has sold over $60 Million in real estate each of the past two years, primarily consisting of single family homes valued under $500k.
  • Based in Cincinnati, OH
  • Say hi to him at peterATasktcg.com

Kurt Weil Real Estate Background:

  • Mortgage broker with Zipfel Capital
  • In July of 2019 alone, Kurt is set to close on over $16 Million in real estate loans
  • Based in Cincinnati 
  • Say hi to him at http://www.zipfel.com/ 

Slocomb Reed Real Estate Background:

  • Realtor, and became a house hacker in 2014, currently living in second house hack
  • Has bought and sold 34 flips and 24 buy-and-hold properties, totaling 75 units, for himself and his clients
  • Owns & manages 18 rental units, with 24 more under contract to close in August
  • Based in Cincinnati
  • Say hi to him at slocombmarketingATgmail.com

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1833_-_2019_Market_Prediction.mp3
Category:general -- posted at: 12:00am EDT

Most of us know that the real estate market in New York City is both expensive and competitive. Elliot has become a specialist in his market, and he can typically find deals for himself and/or his clients. He even wrote a book on the subject that he has been working 12 years on! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Commercial real estate is supported by the economy and the economy is strong” - Elliot Bogod

Elliot Bogod Real Estate Background:

  • Real estate author, educator and blogger
  • founder and managing director of Broadway Realty, a New York brokerage
  • Has personally sold over $2 Billion worth of Manhattan residential and commercial real estate.
  • Based in NYC, NY
  • Say hi to him at https://broadwayrealty.com/ 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1832_Elliot_Bogod.mp3
Category:general -- posted at: 12:00am EDT

Greg is a long time Best Ever Listener, who took the plunge into real estate in 2018. Now Greg is a guest on the same podcast he listened to to learn the ins and outs of real estate. We’ll hear how he got over the fear of making mistakes, bought some properties, and is making a great income from those properties. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I just talked to everyone I could and learned what I needed to learn” - Greg Gaudet

Greg Gaudet Real Estate Background:

  • Started in Real Estate as an Appraiser right out of high school in 2002
  • Lost job in the recession, moved around the real estate industry before getting his first deal in 2018
  • Bought 5 rentals in first 12 months averaging a 25% COC return and has done 1 wholesale
  • Based in Maui, HI
  • Say hi to him at greg@mauihomebuyers.com 
  • Best Ever Book: Never Split the Difference by Chris Voss

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1831_Greg_Gaudet.mp3
Category:general -- posted at: 12:00am EDT

We’re going to hear Joe’s top three favorite lessons learned last week when doing the interviews for this podcast. Lessons learned are coming from Amanda Cassiday (https://www.amandacassiday.com/), Peter Conti (https://realestate101.com/), Andrew Keel (https://www.andrewkeel.com/). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If they are looking to grow their business, and you follow these five steps to get your money back after being burned, you increase your odds of getting it back”

Free Apartment Syndication Resources:

Example T12: http://bit.ly/bestevert12 

Example Rent Roll: http://bit.ly/besteverrentroll 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.


Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1830_Follow_Along_Friday.mp3
Category:general -- posted at: 12:00am EDT

Moving further away from the Syndication process, Theo is now diving into different stories from himself, Joe, and different guests on the podcast. Today, we’re hearing about a deal that taught an investor a couple of valuable lessons (creating alignment of interest and raising money before or after the deal). Hearing their experience and learning from it, can save you from having to learn those same lessons the hard way (like this investor did). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It’s better to have someone who has a lot of experience working in their areas, rather than someone who is kind of good at it”

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1829_-_SS_86_-_Series_23.mp3
Category:general -- posted at: 12:00am EDT

Theo has walked us through the entire apartment syndication process in previous episodes. You can find all of those at SyndicationSchool.com. Now we will begin to discuss miscellaneous, tips and lessons that the team has learned over the years. We’ll share stories from Ashcroft Capital (Joe’s investment company with his business partner Frank Roessler), guests of The Best Ever Show, and Joe and Theo’s own experience. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Once your talking to investors, you can leverage the experience” 

Original Blog Post:

https://joefairless.com/3-ways-raise-1mm-1st-apartment-syndication/ 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1828_-_SS_85_-_Series_22.mp3
Category:general -- posted at: 12:00am EDT

Erin is here today to help us understand the different laws and restrictions that some areas are placing on STR’s. Along with her team, they help investors find, buy, and run legal short term rental properties. You may be surprised by how many different regulations and laws exist that investors may not know about until it is too late. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you want to be serious about this, don’t treat it as a hobby” - Erin Spradlin 

Erin Spradlin Real Estate Background:

  • Co-owner and broker of James Carlson Real Estate
  • They focus on setting people up with legal Airbnbs to cover their mortgage or reduce it significantly
  • Erin also focuses on female investors, they’ve done a BiggerPockets video series, and she is a blogger for on BP
  • Based in Denver, CO
  • Say hi to her at https://www.jamescarlsonrealestate.com/ 
  • Best Ever Book: Long Distance Investing

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1827_Erin_Spradlin.mp3
Category:general -- posted at: 12:00am EDT

Taxes are a major expense for real estate investors, and Robert is here to explain some of the taxes that we may not know about, and how to save money on those taxes. In the short term rental area, there are lodging taxes. Much of the conversation focuses on that today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of people think since they’re not running a hotel that the lodging tax doesn’t apply to them” - Robert Stephens

Robert Stephens Real Estate Background:

  • Co-founder of Avalara MyLodgeTax (formerly HotSpot Tax), formed in 2002 out of his own necessity to understand and manage compliance with his rental property.
  • Helps homeowners, hotel operators, and other businesses with short term lodging tax regulations 
  • Based in Englewood, CO
  • Say hi to him at https://www.avalara.com
  • Best Ever Book: The Big Short

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1826_Robert_Stephens.mp3
Category:general -- posted at: 12:00am EDT

Michael is here today to tell us more about short term rentals. We’ll hear three different ways to make money from short term rentals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Here is how I will mitigate all these risks” - Michael Sjogren

Michael Sjogren Real Estate Background:

  • Michael and his wife Krysten are the founders of Occupied, LLC, a short-term rental investment and management company
  • They have a portfolio of six properties across three markets and are actively expanding across the northeast
  • Recently launched an education platform called Short Term Rental Secrets to help real estate investors launch their own STR business
  • Based in Boston, MA
  • Say hi to him at https://www.occupiednow.com/ 

Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete.   

TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions.  For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off.

Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening.

Direct download: JF_1825.m4a
Category:general -- posted at: 12:00am EDT

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