Best Real Estate Investing Advice Ever

Today we’ll hear a case study from our guest Lennon, about how and why he started as a passive investor, and transitioned into active investing. Lennon actually started out with the intention to be active, but used the passive route to learn the business a little while getting returns on his money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I wanted to be active but learned the business by being passive” - Lennon Lee

Lennon Lee Real Estate Background:

  • Founder of BLD Capital Group
  • Has been involved in the acquisition of over 1,500 units of multifamily real estate with an approximate market value of $150 million
  • Based in Miami, FL
  • Say hi to him at https://www.bldcapitalgroup.com/

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

 

Direct download: JF_1706_Lennon_Lee.mp3
Category:general -- posted at: 11:36am EDT

David is now co-host of the BiggerPockets podcast, and author of a book focused on teaching the BRRRR method. He has a lot of experience as an investor, agent, and educator, now he’s finding new ways to share his knowledge with his book. We’ll cover what you can expect to learn by reading his new book, and cover the BRRRR method a little more in-depth than we ever have. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If more people did that, they just wouldn’t suck at life” - David Greene

David Greene Real Estate Background:

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1705_David_Greene.mp3
Category:general -- posted at: 11:52am EDT

If you’ve listened to any Follow Along Friday episodes with Joe and Theo lately, you know the format. Joe and Theo will share what they learned last week from interviewing other investors for the podcast and explain how that can relate to us. Today, Theo is sharing his lessons learned from doing all the interviews last week, as Joe had to be out of town. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He has to understand the yields of certain crops, so working with the farmers when he is underwriting is very important”

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1704_Follow_Along_Friday.mp3
Category:general -- posted at: 9:32am EDT

More underwriting talk today with Theo. We all know it’s important for apartment syndication. Even if you know what you’re doing, it never hurts to hear how others underwrite, you might learn something new. Today Theo will comer how to run a good Rental Comp Analysis and what to do with it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can assume that if you perform the same level on renovations on the remaining units, you’ll achieve that same $100 rental premium”

Free Document:

http://bit.ly/RCAforsyndication 

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1703_SS_50_-_Series_16_-_Part_6.mp3
Category:general -- posted at: 8:36am EDT

Syndication school is back! We’re just going to jump right back into it today. Theo will pick back up where he left off with underwriting. Specifically, today he’ll be talking about how to determine your asking price. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’ll know how much money you should pay for the deal, and how much you need to raise”

Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1702_SS_49_-_Series_16_-_Part_5.mp3
Category:general -- posted at: 9:22am EDT

Frank has been on before, both to share his Best Ever Advice, and also to discuss another deal that Ashcroft (Joe and Frank's apartment syndication company) took full cycle. We’ll hear why they bought the property at a time most investors were not optimistic about the market the property was in. They tell us about the business plan, and how it actually unfolded. This was only Ashcroft’s second property purchase, so a lot of learning opportunities along the way! Take their lessons learned with this deal, and apply them to your business, without having to suffer through the trials yourself. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We could have done a better job with our lease audit, unit walks, and really getting to know the extent of the demographic around us” - Frank

Frank Roessler Real Estate Background:

 

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1701_Frank_Alara_Case_Study.mp3
Category:general -- posted at: 9:12am EDT

Hakeem is a tight end for the New York Giants (as of the recording) and a real estate investor. He shares how he became interested in real estate investing, and we also hear some deal specifics. Hakeem explains how he put together his first sample deal package to show to potential investors, and how he presented it to them to secure verbal commitments. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can work your way into real estate deals by adding value to others” - Hakeem Valles

Hakeem Valles Real Estate Background:

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1700_Hakeem_Valles.mp3
Category:general -- posted at: 9:37am EDT

Brendan has worked with celebrities and personalities, helping build their brand for years. Today, he is sharing some of his best strategies with us. It’s no secret that we’ll need to have a large reach as investors to keep deals and capital flowing through the business. Find out how to organically grow that reach. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Keep swapping out different variables so that you can really control your content” - Brendan Kane

Brendan Kane Real Estate Background:

  • Digital strategist for Fortune 500 corporations, global brands, and celebrities.
  • Best known for building a million followers in 100 countries in less than 30 days
  • Based in Beverly Hills, CA
  • Say hi to him at https://onemillionfollowers.com/

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1699_Brendan_Kane.mp3
Category:general -- posted at: 10:27am EDT

Leads - they can make or break your business. Not so much the leads themselves, but how you follow up with those leads. Dan is an expert in that area, and that is what he does with his business. He now helps investors get leads, and follow up with them, in exchange for a 50/50 split of deals with his trusted partner. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Cold calling is harder, the harder it is to scale, the better it will be and less people will be doing it” - Dan Schwartz

Dan Schwartz Real Estate Background:

  • CEO of InvestorFuse, a lead management workspace for real estate investors
  • Has helped hundreds of investors automate part of their business
  • Based in Austin, TX
  • Say hi to him at https://www.investorfuse.com/
  • Best Ever Book: Rocket Fuel

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1698_Dan_Schwartz.mp3
Category:general -- posted at: 10:53am EDT

Joe and Theo are back at it with Follow Along Friday, telling us the best things they learned in the previous week. Joe interviews a group of real estate investors every week for the podcast, today he tells us about the best things he learned from those interviews last week. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Are you really doing all the direct mailing that you could really be doing?”

How great would it be to buy a piece of institutional-quality, income-producing commercial buildings?  Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it!

Start investing with as little as $500 at https://www.buybits.us/

Direct download: JF_1697_Follow_Along_Friday.mp3
Category:general -- posted at: 10:17am EDT