Best Real Estate Investing Advice Ever

Part 4: 9 More Ways to Find Off-Market Deals

Don’t need much description and intro here. We’re continuing last episode’s focus on finding off market deals. Let’s get to it! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you build a relationship with them, they might know and tell you who is looking to sell soon”


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Direct download: JF_1619_SS_36_-_Series_14_-_Part_2.mp3
Category:general -- posted at: 9:04am EDT

Part 3: The Main Way To Find Off-Market Apartment Deals

Last week Theo began discussing how to find properties for you to syndicate. We heard about on market properties, now it’s time to start talking about off market properties. When it comes to syndicating large apartment communities, you will not be alone in your hunt for deals. Having a few different sources and avenues to explore can only help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of people who do direct mail campaigns will use online tools to build a list”

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Direct download: JF_1618_SS_35_-_Series_14_-_Part_3.mp3
Category:general -- posted at: 9:17am EDT

From no job and submitting endless amounts of job applications to entrepreneur and financial independence, all in just 6 years time. Grant got his start by getting certified with Google Ad Words and hit the ground running, getting into real estate investing along the way. Hear how he was able to work his way up to a $500k income per year in a fairly short amount of time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I quickly learned what was most important to y buyers was to look good for their boss” - Grant Sabatier

Grant Sabatier Real Estate Background:

  • Creator of Millennial Money and host of multiple finance podcasts
  • Writes about personal finance, investing, entrepreneurship, and mindfulness and has been featured in over 200 media outlets
  • Based in New York City, NY
  • Say hi to him at https://millennialmoney.com/
  • Best Ever Book: Art of Living

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Direct download: JF_1617_Grant_Sabatier.mp3
Category:general -- posted at: 9:26am EDT

Diego came to the United States as an immigrant with his parent when he was nine years old. He is a DACA recipient and is successfully working full time while building his real estate business. From his first house hack, to strictly investment properties, and even some AirBnb’s, Diego has a vast range of real estate knowledge to share with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Invest for cash flow, not hoping for appreciation” - Diego Corzo

Diego Corzo Real Estate Background:

  • 28 year old DACA recipient
  • Bought first house at 23, started house hacking, now owns 18 doors
  • Based in Austin, TX
  • Say hi to him at http://diegocorzo.com/
  • Best Ever Book: Dot Com Secrets

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Direct download: JF_1616_Diego_Corzo.mp3
Category:general -- posted at: 9:34am EDT

Steven is a returning guest who has built an incredible development business. One of his strategies is to build four unit buildings, rather than single family homes or large apartment buildings. He has been doing that for years and has a very large portfolio because of it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Our goal is to be 1% cap rate higher than the market” - Steven Bond

Steven Bond Real Estate Background:

  • Co-founder of Fourplex Investment Group (FIG)
  • FIG has sold over $400M in 6 years in and they have a turn-key multifamily investment vehicle for investors nationally and internationally
  • Hosting The Intermountain Real Estate Investment Summit in February 2019
  • Listen to his previous episode: JF485: BYU Dropout Began During the RECESSION and WON!
  • Based in Provo, UT
  • Say hi to him at http://www.fig.us/

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Direct download: JF_1615_Steven_Bond.mp3
Category:general -- posted at: 10:53am EDT

Alex has a very specific way of investing, and he’s here today to tell us about it. He has seen a lot of success so far, and has also helped others do the same. Hear about his strategy in today’s episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I haven’t even been to most of the properties” - Alex Felice

Alex Felice Real Estate Background:

  • Invests in long distance single-family real estate
  • Commercial banker in Las Vegas
  • Owns 7 houses currently and is known for doing complete rehabs in just 8 weeks
  • Based in Las Vegas, NV
  • Say hi to him at https://www.brokeisachoice.com/
  • Best Ever Book: Sapiens

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Direct download: JF_1614_Alex_Felice.mp3
Category:general -- posted at: 2:19pm EDT

Joe received an email with a lot of apartment syndication questions recently. He decided to make an entire episode answering the questions. The questions Joe will be answering are:

I was curious about syndication deal structure. I'm curious what types of deal structures are typical as far as preferred return vs equity split?

For instance, if you offer a 6% preferred return, what kind of equity split is reasonable? How does that split change if you move to an 8% preferred return?

Also, length of investment. What's your experience with how fast investors are generally looking to get their money back? 3-5 years? 10 years?

Lastly, refinancing. Does Ashcroft capital keep investors in the deal after refinancing and paying back initial capital? If so, does the equity split change at that point?

Best Ever Tweet:

“I want them to have significant upside for performing well on the deal”

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Direct download: JF_1613_Follow_Along_Friday.mp3
Category:general -- posted at: 9:18am EDT

Part 2: How to Find Apartment Deals From Real Estate Brokers

A very obvious way to find deals: get a broker to bring you on market deals. That being said, it can be a lot easier said than done to earn a good broker’s trust. Theo has covered that in detail before, and will summarize on this episode. Then he’ll discuss how to get on their list for deals, because unlike residential shopping, there is no centralized MLS for large apartment deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If it’s a smaller brokerage, you should be able to contact the owner”

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Direct download: JF_1612_SS_34_Series_14_Part_2.mp3
Category:general -- posted at: 11:40am EDT

We’ve covered a lot of the apartment syndication process so far. Now it’s time to start talking about actually searching for and finding that elusive first deal. We’ve talked due diligence, financing, raising money, and how to structure the GP & LP compensation. This episode will be covering the details of on market vs. off market deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Now you’re ready to find your first deal”

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Direct download: JF_1611_SS_33_Series_14_Part_1.mp3
Category:general -- posted at: 9:24am EDT

 

If you’re in a job that maybe you don’t love, Darrin was there too. Luckily, he came across the book Rich Dad Poor Dad and like so many of us, was turned on to real estate investing. He’ll walk us through his current strategies and how he got to where he is today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I want to make it as easy as possible to invest with as little risk as possible” - Darin Garman

Darin Garman Real Estate Background:

  • Investing in real estate for over 25 years
  • Has been responsible for over $800,000,000 in apartment and investment property acquisitions
  • Has raised over $70,000,000 in funds for different apartment investment properties
  • Based in Marion, IA
  • Say hi to him at http://www.heartlandinvestmentpartners.com/

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Direct download: JF_1610_Darin_Garmin.mp3
Category:general -- posted at: 9:52am EDT