Best Real Estate Investing Advice Ever (general)

Joe and Theo are back for another round of Follow Along Friday. Today, Joe is sharing his best lessons learned from last week, when he interviewed nine people for the podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you come up with a good life number, you can put together a plan to reach that number”

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

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

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

Best Ever Tweet:

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

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator

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

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

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

Best Ever Tweet:

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

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator

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

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

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

Best Ever Tweet:

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

Zach Beach Real Estate Background:

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

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

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

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

Best Ever Tweet:

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

Ari’s Real Estate Background:

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

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

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

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

Best Ever Tweet:

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

Ken Lewis Real Estate Background:

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

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

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

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

Best Ever Tweet:

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

Terry Lammers Real Estate Background:

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

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

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

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

Lessons Learned:

Alan Fruitman: Stay in your lane

Jake Stacy: Having proper insurance

Jason Palliser: Executing on deals

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

Best Ever Tweet:

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

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

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

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

Best Ever Tweet:

“Compare their pro forma to their pro forma”

Free document for this episode:

http://bit.ly/offeringmemorandum

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

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

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

Best Ever Tweet:

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

Free document for this episode:

http://bit.ly/offeringmemorandum

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

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