Best Real Estate Investing Advice Ever with Joe Fairless

Time for part three of the Best Ever Series on what to do after finding a deal as an apartment syndicator. Today’s episode is focused on how to secure commitments from your investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“I would personally email each person who I didn’t hear from”

 

Mentioned in this episode:

How to Avoid the Shiny Object Syndrome in Real Estate Investing

 

Joe's interview with Ash Patel about tax abatement

 

7-Steps to Presenting a New Apartment Deal to Your Private Investors

 

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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_1375_-_Follow_Along_Friday.mp3
Category:general -- posted at: 3:57pm EDT

Kay Kay came to the U.S. to pursue the American Dream and work full time as an engineer for Microsoft. Unfortunately, he lost his job, fortunately he found a great business in the gas station niche. Kay Kay grew that portfolio to 15 gas stations before being approached to buy a 33 unit portfolio of single family homes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Cash flow is good” - Kay Kay Singh

 

Krishan Singh (Kay Kay Singh) Real Estate Background:

  • Came to US as a Microsoft Certified System Engineer
  • Shortly after arriving in the US, he was in the gas station business and grew to 10 gas stations in 15 years
  • Real estate career began when a church member offered him a portfolio of 33 SFR’s
  • Based in Ft. Wayne, IN
  • Say hi to him at hoosierrentalsAThotmail.com
  • Best Ever Book: Multi Family Millions

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1374_-_Kay_Kay_Singh.mp3
Category:general -- posted at: 11:20am EDT

Liz Faircloth and Andresa Guidelli share a mission. They want to help women invest in real estate and live the lives they should be living. Their podcast was created in that light, as well as a mastermind meeting. Today we’ll hear a lot about how to form a successful partnership like theirs, obstacles they have faced, and how they overcome some inherent potential downfalls of partnering with a friend. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You must start doing your standard operating procedures right now” - Andresa Guidelli

 

Liz Faircloth & Andresa Guidelli Real Estate Backgrounds:

  • Liz
    • Co-founded DeRosa Group with husband, Matt Faircloth in 2005
    • Manages 370 units of residential and commercial assets
    • Based in Trenton, NJ
  • Andresa
    • Began investing in 2012 after reading Rich Dad, Poor Dad
    • Co-founded Corsa Home Solutions, focuses on gut renovation projects and building new construction SFH’s
    • Based in Philadelphia, PA
  • Together they host The Real Estate InvestHER Show
  • Weekly show details the journey of some of the most amazing women real estate investors
  • Say hi to them at www.therealestateinvesther.com
  • Best Ever Books: Think and Grow Rich by Napoleon Hill

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1373_-_Liz_Faircloth_and_Andresa_Guidelli.mp3
Category:general -- posted at: 9:55am EDT

As the BiggerPockets president, Scott is a very busy man. Add his own real estate investing to that and he is working like a mad man! Having the advantage of one of, if not the greatest real estate investing education website, Scoot has been able to put together a tremendous investing strategy, mainly house-hacking. Hear why he loves this strategy and how he uses it in his business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“If you’re going to be investing in real estate with leverage, you should be getting 5-7% better returns than an index fund” - Scott Trench

 

Scott Trench Real Estate Background:

  • President of BiggerPockets
  • Owns properties in Denver where he also house-hacks
  • Author of Set For Life
  • Helping people achieve financial freedom so they can live on their terms
  • Based in Denver, CO
  • Say hi to him at biggerpockets.com
  • Best Ever Book: The Millionaire Next Door

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1372_-_Scott_Trench.mp3
Category:general -- posted at: 12:40pm EDT

Kellie has partnered with her mom, Linda, and together they are the #1 agent in their brokerage. Over 112 transactions last year, and on track for 250 transactions this year. Along with the sales volume and realtor income, they also own 58 units that they self manage. How is she able to do so much? Listen to this episode to find out! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“We’re kinda like one big, happy, investment family” - Kellie Revoir

 

Kellie Revoir Real Estate Background:

  • Realtor since 2013
  • Grew her business to over $500k gross commission income in 4 years
  • Building a massive team of agents
  • Based in Springfield, MO
  • Say hi to her at www.kellierevoir.com
  • Best Ever Book: Compound Effect by Darren Hardy

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1371_-_Kellie_Revoir.mp3
Category:general -- posted at: 9:45am EDT

Arne is an entrepreneur that helps other entrepreneurs grow their business with Facebook groups. He helps with branding and helping you get your message out there. Arne will explain why groups have an advantage over a lot of other platforms and channels. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“When people see those stories, they don’t forget them” - Arne Giske

 

Arne Giske Background:

- Millennial Entrepreneur Facebook community and Millennial Entrepreneur Podcast

- Studied small business management & marketing and learned the foundation that helped his current business

- Shares tips on how to grow a Facebook Group

- With a group of 35,000+ and over 5,000 people he's taught to grow groups

- Been to over 10 countries and a dozen states in 2017.

- Say hi to him at www.fbgroupsforbusiness.com



Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1370_-_Arne_Giske.mp3
Category:general -- posted at: 9:29am EDT

Brent sees a lot of small to medium businesses who almost ignore their books and taxes until the end of the year. If you’re not paying attention to the numbers, you can’t be maximizing your profits. By outsourcing this work to a part time accountant, you’ll pay for their services, but save money on taxes and know what you need to do to spend less and make more money in your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Small business owners are not normally good at accounting” - Brent McClure

 

Brent McClure Background:

  • A visionary, a change maker, and a paradigm breaker for the accounting profession.
  • Vast knowledge across a multitude of industries and is a CPA
  • Brent leverages his extensive experience to help businesses improve profitability
  • Based in Mobile, AL
  • Say hi to him at https://www.brentmcclure.com/

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1369_-_Brent_McClure.mp3
Category:general -- posted at: 10:17am EDT

The guys are back with part two of what to do after you find a syndication deal. Today’s episode follows them discussing the due diligence period. Today we’ll hear all about how to finance these deals, including which loan products to use and how to find a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You only pay interest on money that you actually use”

 

Mentioned in this episode:

 

The Three Immutable Laws Of Real Estate Investing

 

Ultimate Guide to Selecting a Target Real Estate Market

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1368_Follow_Along_Friday.mp3
Category:general -- posted at: 11:06am EDT

Evan was in the medical field in college before realizing that was not for him. He noticed a student housing development being built close to his school and wanted in. He blew up the development company until they gave him a task, get 100 students to the groundbreaking - Evan got 800! Now working for a large development company, hear how he was able to get his dream job and how they use tax credits to build affordable housing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Know your niche and know what you’re good at” - Evan Holladay

Evan Holladay Real Estate Background:

  • Real estate developer and investor
  • Developed over $100 million in new construction multifamily at LDG Development
  • Uses tax credits to create affordable and mixed income communities
  • Based in Louisville, KY
  • Say hi to him at www.evanholladay.com
  • Best Ever Book: Crucial Conversations

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.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_1367_-_Evan_Holladay.mp3
Category:general -- posted at: 12:01pm EDT

Rich is in the military, currently stationed in South Korea. He has always been a big Dave Ramsey fan so his approach to real estate investing is a little less typical. Rich likes to buy his properties all cash, he has no debt to his name. This is a strategy that has worked well for him and gives him peace of mind. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Once you start getting into multifamily, there’s some serious money and cash flow to be made” - Rich Carey

 

Rich Carey Real Estate Background:

  • Purchased 20 rental properties with cash and flipped several houses
  • Paid off $280k mortgage in 6 years
  • Based in South Korea (on military orders)
  • Say hi to him at http://richonmoney.com/ or richcarey@gmail.com 
  • Best Ever Book: Fooled by Randomness

 

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_1366_-_Rich_Carey.mp3
Category:general -- posted at: 10:07am EDT