Best Real Estate Investing Advice Ever (general)

Steve wanted to make more money, but felt bad for doing it. He first had to overcome that mindset, after he realized it was okay to work less and earn more, he was able to build a business over the past two years. He’s flipping houses, and just closed on a 20 unit. We’ll he’ll tactical advice from some of his deals, as well as how to build a great team and leverage other people's’ skill sets. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you don’t have the necessary relationships, partner with someone who does” - Steve Streit

Steve Streit Real Estate Background:

  • Real estate investor focused on developing key areas in Detroit
  • Flipped over 70 houses in the last 18 months, actively buying 1-2 houses a week, and has a portfolio of 50 units and actively looking for more multifamily units
  • Based in Detroit, MI
  • Say hi to him at https://www.stevemovesmichigan.com/  
  • Best Ever Book: Never Split The Difference

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Direct download: JF_1635_Steve_Streit.mp3
Category:general -- posted at: 10:17am EDT

Today we’ll hear from a Cincinnati investor who is currently doing about 15 flips per year, and growing. Eric will share a lot of his experience with us today, he’ll reveal a lot of great information about the Cincinnati market and the range of deals he likes to tackle. We’ll also learn about his Master Lease Option deal that he is still working with. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you’re talking with the seller, you want to keep the numbers simple” - Eric Kottner

Eric Kottner Real Estate Background:

  • Full time investor since 2006
  • Has done 15 of his own flips and owns 30 units
  • Based in Cincinnati, OH
  • Say hi to him at https://cincyturnkey.com/
  • Best Ever Book: The Productivity Graph

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_1634_Eric_Kottner.mp3
Category:general -- posted at: 8:16am EDT

We are continuing our discussion and break down of the rent today. I don’t need to explain much here, if you want to know more about the rent roll for apartment syndication purposes, tune in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Market rent is what the unit should be renting for, the current rent is how much the tenant is being charged”

Free document for this episode:

http://bit.ly/rentroll

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_1633_SS_40_-_Series_15_-_Part_2.mp3
Category:general -- posted at: 11:12am EDT

This episode is all about the Rent Roll. What is it? How do you get it? Why do you need it? All of these questions and more are answered in this episode of Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“By the end of these two episodes, you’re going to learn what a rent roll is, how to obtain it, why you need it, and other important things to look for”

Free document for this episode:

http://bit.ly/rentroll

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_1632_SS_39_-_Series_15_-_Part_1.mp3
Category:general -- posted at: 9:42am EDT

Corey saw real estate success early in life, not his own, but his step dad at the time was wildly successful, and it was from real estate. After that, Corey read Rich Dad Poor Dad and started his own real estate journey. He was doing well, a lot of people saw him as having massive success. But one day, he realized he was too consumed with work, missed his son’s game, and realized this was not his idea of success. Now hear how he balances real estate success AND family success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I used to say I wish I could own an apartment building, but on that day I said, how can I own an apartment building” - Corey Peterson

Corey Peterson Real Estate Background:

  • Owner of Kahuna Investments, an apartment investing company
  • Has managed and acquired over $95 million in real estate
  • Host of the Multi-Family Legacy Podcast
  • Based in Phoenix, AZ
  • Say hi to him at https://kahunainvestments.com/
  • Best Ever Book: The Richest Man In Babylon

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_1631_Corey_Peterson.mp3
Category:general -- posted at: 9:23am EDT

Raising enough money to complete the large deals that John and his company do takes a lot of trial and error, and on the job learning. Figuring out what works and what doesn’t work when raising money can be a painful process, so can scaling a real estate business. Lucky for you, John shares his experience and knowledge on the show for free, so you can learn from his mistakes and successes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Always be an integrity based business, do what you say you’re going to do, and be transparent” - John Rubino

John Rubino Real Estate Background:

  • COO/Founder of JID Investments
  • Among many responsibilities, John raises private capital for projects, resulting in investment of $16.6M+ with revenue of $8.9M+
  • Based in Washington D.C.
  • Say hi to him at https://www.jidinvestments.com/
  • Best Ever Book: How To Win Friends And Influence People

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_1630_John_Rubino.mp3
Category:general -- posted at: 9:36am EDT

Today we’re welcoming back James to share some passive investing knowledge with us. He recently wrote a book on the subject, and has spent a lot of his real estate investing career dealing with passive investors himself. If you are a passive investor, you’ll want to tune in and hear how to vet sponsors, deals, and other aspects to evaluate before handing over your hard earned cash. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different asset classes have different timing requirements” - James Kandasamy

James Kandasamy Real Estate Background:

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_1629_James_Kandasamy.mp3
Category:general -- posted at: 10:27am EDT

Brent is back to share more great knowledge with us (see his first episode below). He is an investor in Detroit, focusing on the revitalization of the city. Brent excels at finding the areas of Detroit that are just beginning to turn around, and start buying before other investors catch on. How does he do it? Find out by hitting play. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you see young couple with kids and dogs in the area, and look completely out of place, you know there is something going on in that area” - 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
  • Best Ever Book: The One Thing by Gary Keller

 

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_1628_Brent_Maxwell.mp3
Category:general -- posted at: 9:39am EDT

For this week’s Follow Along Friday, Joe and Theo are answering another list of questions from a listener. This conversation can resonate with every level of investor because some of the tips and advice they offer are things we should always be working on, even if we consider ourselves real estate professionals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You have three paths to obtain the property, earn the money, partner with someone with money, or owner financing”

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_1627_Follow_Along_Friday.mp3
Category:general -- posted at: 9:48am EDT

Part 6: Two more deal finding case studies

Yesterday Theo talked to us and walked us through an example of cold texting to find an apartment syndication deal. Today, we get two more case studies of deal finding. One case study is from Joe on how he was able to secure a couple of deals over every other investor fighting for one of them. The other case study is with a previous guest, Daniel Ameduri on how he eliminates his competition in the market. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Free document for this episode:

http://bit.ly/freedoc9

Daniels episode explaining his strategy:

https://joefairless.com/podcast/jf1106-how-to-find-owner-financing-deals-with-daniel-amedu

Best Ever Tweet:

“If you have someone who wants to downgrade to a 1 BR, you can send them to your property across the street”

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Direct download: JF_1626_-_SS_38_-_Series_14_-_Part_6.mp3
Category:general -- posted at: 8:39am EDT