Best Real Estate Investing Advice Ever with Joe Fairless (general)

Jack and Josh worked together at their W2 job, sitting across the cubicle from each other every day and scheming of a way to break out. One day Josh’s whole team was laid off, he took advantage of that and started building a portfolio after emptying his IRA. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“It’s great to have all of your numbers and relationships in line” - The REI Rookies

 

Jack Hoss & Josh Koth - The REI Rookies Real Estate Backgrounds:

  • Hosts of the real estate podcast REI Rookies
  • Focused on creating wealth through conventional and creative real estate investing
  • Valley Property Partners - single family, buy and hold investors
  • Share their experiences and lessons learned as they work towards financial freedom
  • Based in Fargo, North Dakota
  • Say hi to them at http://www.reirookies.com/
  • Best Ever Books: Cash Flow Quadrant

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1365_-_Jack_Hoss_and_Josh_Koth.mp3
Category:general -- posted at: 12:11pm EDT

Against the advice of his parents, Todd started branching out from his Quizno’s franchise. He bought his first property at an auction and thought he might lose his shirt. That first property ended up being extremely profitable, but he still was not all in on real estate. Once he decided to really focus his efforts on real estate investing, he blew up, even after a bankruptcy. Now his company is completing $50 Million of new construction.  If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Every problem in life has a solution” - Todd Fox

 

Todd Fox Real Estate Background:

  • Started investing in real estate 9 years ago
  • He had $20,000 and no clue what he was doing
  • Spent first few years working 100 hours a week, learning the business from the inside out
  • Now in 2018, his company Visum Development Group will complete just under $50 million of new construction in this year alone
  • Based in Ithaca, NY
  • Say hi to him at https://www.visumdevelopment.com/
  • Best Ever Book: When I stop talking, you’ll know I’m dead


Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1364_-_Todd_Fox.mp3
Category:general -- posted at: 12:51pm EDT

Matt has shared his lessons learned quite a bit already through his own podcast, Epic Real Estate Investing. Today he joins Joe on the Best Ever Show and explains how anyone can create residual income through real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“There’s a whole lot of value in finding the deal” - Matt Theriault

 

Matt Theriault Real Estate Background:

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1363_-_Matt_Theriault.mp3
Category:general -- posted at: 10:59am EDT

Adam bought and renovated two 4 unit properties in 2017. His efforts with the rehab and raised rents brought the value of each property up tremendously, he made half a million dollars with those properties. We dive into the details of those two projects and discuss how he made it happen. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You have to take care of it, you can’t just leave it” - Adam Kitchener

 

Adam Kitchener Real Estate Background:

  • Made $500k in 2017 through real estate
  • Owns property in Brantford, Ontario
  • Based in Ontario
  • Say hi to him at https://unlimitedresidential.ca/
  • Best Ever Book: How to Win Friends and Influence People

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1362_-_Adam_Kitchener.mp3
Category:general -- posted at: 12:27pm EDT

As a syndicator and passive investor, it is important to know what to do once you find a deal. Today Joe and Theo explain the first parts of the due diligence process with apartment communities. For passive investors, you’ll want to know what your sponsor has done and see their findings in the due diligence as well as see their business plan for the apartment community. As a syndicator of apartment communities, it is important to not only perform the due diligence, but also be able to effectively communicate what you found to your passive investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“One of the first things you’re gonna do is finalize your income and expense assumptions”

 

Mentioned in this episode:

 

YouTube: 10 Documents Required When Performing Due Diligence on an Apartment Building

 

YouTube:  Costs for the 10 Due Diligence Items for an Apartment Building

 

Podcast:  JF1116: How to Perform Due Diligence on an Apartment Building #FollowAlongFriday

 

Podcast:  JF1130: Costs For The 10 Due Diligence Items For Apartment Buildings #FollowAlongFriday

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1361_-_Follow_Along_Friday.mp3
Category:general -- posted at: 2:26pm EDT

Jason has built multiple companies, most of which were started out a need he had. The focus of this interview is on his company, and our sponsor, Rentler. Rentler allows landlords to perform most or all of the duties you need to do on a daily basis. Not only can you perform credit and background checks, collect rent, list your rentals, and more, Rentler can also help automate a lot of tasks so that you can do less of the things you don’t enjoy doing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“1 in every 3 people in the state of Utah is a registered user on our site” - Jason Bangerter

 

Jason Bangerter Background:

  • Entrepreneur and founder of multiple companies
  • He loves to take the seed of a creative business idea and bring it to fruition.
  • Started Rentler because he noticed that the rental industry served either tenants or landlords, but never both
  • Based in Sandy, UT
  • Say hi to him at http://tryrentler.com/bestever
  • Best Ever Book: The Hard Thing About Hard Things

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor (and guest today):

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1360_-_Jason_Bangerter.mp3
Category:general -- posted at: 9:21am EDT

Michael and his team deal with large development projects and large apartment community owners. Michael, through the company Equicap, specializes in getting creative and financing tough situations that most other lenders will not touch. They also lend in normal situations, and can help almost anyone looking for capital for real estate. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You have to look for hairy deals, that’s the best way that you can find golden opportunities” - Michael Chelala

 

Michael Chelala Real Estate Background:

  • Entrepreneur who loves pursuing a great idea and turning it into a reality
  • Director of Originations for Equicap, a real estate investment banking firm
  • Able to effectively structure financing for complex real estate transactions
  • Based in New York, NY
  • Say hi to him at www.m-equicap.com  
  • Best Ever Book: Like a Virgin by Richard Branson

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

 

Direct download: JF_1359_-_Michael_Chelala.mp3
Category:general -- posted at: 10:45am EDT

Ramon got his start in real estate when he left the corporate world to be an entrepreneur. A large part of his success he can attribute to being able to identify what he is good at and sticking to where he is wanted. After multifamily investing in Miami didn’t work for him, Ramon tried the fix and flip model. Ultimately neither strategy was fulfilling, now he lends money to active investors, and loves it. Hear what he looks for before lending to an investor and why being able to put your ego aside and focus on your strengths is key to being a successful entrepreneur. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“That’s all you can do as a coach, you can’t do the work for them” - Ramon Gonzalez

 

Ramon Gonzalez Real Estate Background:

  • Summitt Home Buyers, Chief Investment Officer
  • Places capital with amazing operators that share the same core values
  • 100% relationship based, looking to form and nurture long term relationships with partners
  • Based in Miami, FL
  • Say hi to him at www.miamimillionairemastermind.com  
  • Best Ever Book: Unique Ability by Dan Sullivan

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1358_-_Ramon_Gonzalez.mp3
Category:general -- posted at: 9:57am EDT

Brent is an investor in Detroit, MI. That’s right, Brent invests in, makes money, and helps other investors make money in Detroit. The trick is finding emerging neighborhoods before they become “hip”. We may focus the conversation on Detroit today, but a lot of these tactics are applicable across the country. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“I’ve seen drawings where they take San Francisco and Boston, put them in Detroit, and there’s still enough space for another city” - Brent Maxwell

 

Brent Maxwell Real Estate Background:

  • Real estate investor whose personal and professional stories align with the recovery of Detroit
  • Has a passion for the “limping” sections of Detroit and helps people buy into a piece of the city’s recovery
  • Based in Detroit, MI
  • Say hi to him at http://www.ipsrealty.com/
  • Best Ever Book: One Thing by Gary Keller

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1357_-_Brent_Maxwell.mp3
Category:general -- posted at: 12:18pm EDT

Nathan is on track to more than double his business this year and can track that growth down to a couple of big things. The first being knowing where the problems are, and addressing them with his team. In order to do that, a lot of smaller steps are involved, including listening to your team. Hear more about what it takes to lead an efficient team everyday in this #SkillSetSunday episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“I think it all starts with the problems” - Nathan Brooks

 

Nathan Brooks Real Estate Background:

-Owner of Bridge Turn Key Investments

-Flips about 150 properties a year, providing exceptionally high quality turn key properties

-Recently started their own retail real estate team

-Based in Kansas City, Kansas

-Say hi to him at https://www.bridgeturnkey.com/

 

Join us and our online investor community: BestEverCommunity.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1356_-_Nathan_Brooks.mp3
Category:general -- posted at: 11:50am EDT