Best Real Estate Investing Advice Ever

Pancham was in a similar situation as a lot of real estate investors, or people that want to invest in real estate, working full time and looking for a way out. He started apartment syndications just a couple of years ago and has already been able to leave his full time job. We’ll hear how he was able to put together his first couple of deals and grow to the level he is at now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A constant effort of being in touch with them” - Pancham Gupta

Pancham Gupta Real Estate Background:

  • A Principal of Mesos Capital
  • Has bought and invested in properties in 5 different states and internationally,  recently quit his high paying job in Fintech to do syndications full time
  • Has successfully built a portfolio which is cash-flowing in double digits, manages and controls over $32M in real estate
  • Based in NYC, NY
  • Say hi to him at:
  • Best Ever Book: Turning Pro
Direct download: JF_1869_Pancham_Gupta.mp3
Category:general -- posted at: 12:00am EDT

Ryan had grown up around the real estate industry with his family being investors. He had a financial analyst role with his dad’s company when he realized the business needed a better way to keep track of everything. He built software to solve the issue, he grew that to 140,000 users. Ryan also purchases real estate with his wife, having more than 175 different assets across 30 states. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Focus on the value of income more than income as value” - Ryan Smith

Ryan Smith Real Estate Background:                                                       

  • Co-founder of Elevation Capital Group, focusing on Manufactured Housing Communities and Self-Storage
  • They have more than $500 million of combined acquisition value, 175 assets across more than 30 states
  • Based in Orlando, FL 
  • Say hi to him at http://elevationcapitalgroup.com/ 
  • Best Ever Book: Right Away & All At Once by Greg Breneman
Direct download: JF_1868_Ryan_Smith.mp3
Category:general -- posted at: 12:00am EDT

Today’s guest is an anonymous online blogger and a radiologist. He’s here today to tell us about how he was able to bounce back from a nasty divorce that cost him a lot of money and a lot of mental pain, to being financially stable once again. This was done in large part thanks to passive investing, which we will dive into today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The money that you put into these investment is a long term play and it will not be liquid” - XRVSN

XRAYVSN Background:

  • Radiologist, passive real estate investor, and anonymous real estate blogger
  • Lost 7 figures in a divorce, used passive real estate investing to get to financial independence in his 40’s
  • Based in Southeast, U.S.
  • Say hi to him at https://xrayvsn.com/ 
Direct download: JF_1867_XRAYVSN.mp3
Category:general -- posted at: 12:00am EDT

Ellis has taken a slightly different path to real estate investing than we usually hear of. His background is in the non profit space as a missionary. He started investing in multifamily real estate as a better way to build wealth for his family and the causes he cares about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you’re looking to get into real estate, don’t hesitate and figure out what you are good at” - Ellis Hammond

Ellis Hammond Real Estate Background:

  • Founder of EllisHammond.com
  • Manages a private network of investors that focus on acquiring multifamily commercial real estate assets
  • Based in San Diego, CA
  • Say hi to him at EllisHammond.com
  • Best Ever Book: Mindset: The Psychology of Success
Direct download: JF_1866_Ellis_Hammond.mp3
Category:general -- posted at: 12:00am EDT

Theo is telling us two great lessons he learned last week while doing the interviews for the podcast last week. He is joined by Chris Salerno (https://qccapitalgroup.com/) today. The lessons they will be discussing are coming from Adam Weiner (https://www.sayrhino.com/) and Christopher Stafford (https://theagentunleashed.com/). If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“To find out if someone is driven and motivated, don’t ask generic questions” 

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_1865_Follow_Along_Friday.mp3
Category:general -- posted at: 12:00am EDT

Not only does Joe put together his own deals and help others do the same, he invests in other peoples’ deals as well. He has three main reasons for doing this, which can benefit everyone who wants to be an apartment syndicator. Tune in as Theo reviews the benefits that active investors can receive by being a passive investor too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It allows you to test drive other markets” 

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_1864_-_SS_-_96_-_Series_33.mp3
Category:general -- posted at: 12:00am EDT

When you’re putting together large deals with multiple people involved both passively and as general partners, you’ll need to focus a lot of organizing everything. Theo will be covering what kind of accounts you need and how to keep it all organized. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Contingency is to cover things that you may have miscalculated”

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_1863_-_SS_95_-_Series_32.mp3
Category:general -- posted at: 12:00am EDT

Joe and Yusef will dive into a recent 172 unit deal that Yusef closed on and is adding value to. We’ll hear the numbers as well as Yusef’s partnership structure and how he’s scaled from single family homes to buying apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you stay disciplined in your fundamentals, that usually creates longevity for the experienced investor” - Yusef Alexander

Yusef Alexander Real Estate Background:

  • Co-founder, VP, and Business Development Officer at Real Estate Asset Partners (REAP)
  • He has over 20 years of experience, repositioning commercial and residential properties
  • Based in Los Angeles, California 
  • Say hi to him at https://reap.capital/
  • Best Ever Book: Daily Stoic

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_1862_Yusef_Alexander.mp3
Category:general -- posted at: 12:00am EDT

Rocco left his sales job that was leaving him unfulfilled and underpaid. Real estate investing was what he wanted to do, and now he is a successful real estate investor, syndicating deals and flipping houses. We’ll hear a lot about how he was able to raise over $1 million to fund his flips. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:
“Be grateful for how far you’ve come” - Rocco Montana

Rocco Montana Real Estate Background:

  • Created a multifaceted real estate business from scratch in just over 2 years
  • He is an active realtor, AirBnB Superhost, house flipper, and multifamily investor
  • Raised over $1 million in private capital to fund his flips in his first year
  • Based in Boulder, CO
  • Say hi to him at https://www.jrocproperties.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_1861_Rocco_Montana.mp3
Category:general -- posted at: 12:00am EDT

Since Colin is still a newer investor who has successfully used OPM to purchase real estate, we’ll hear a lot about how he met investors and convinced them to invest in his real estate deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If they say they’ll invest anywhere then they are willing to invest in areas that are bad and not guide you properly” - Colin Douthit

Colin Douthit Real Estate Background:

  • Real estate investor, general contractor, and property manager
  • Owns 70+ doors all acquired in the past 24 months, manages 50+ doors for other real estate investors
  • Based in Kansas City, MO 
  • Say hi to him at colinATatlas.rentals
  • Best Ever Book: Bible

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_1860_Colin_Douthit.mp3
Category:general -- posted at: 12:00am EDT