Best Real Estate Investing Advice Ever

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 EST

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 EST

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 EST

 

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 EST

Many entrepreneurs have the issue of writing big fat checks to Uncle Sam every year for income taxes. Dan was in that situation and knew that investing in real estate could help him keep some of his money, and make it earn more money too. We’ll hear more details on the overall benefits of real estate investing, we also get to hear a case study on a 130 unit property that Dan just recently closed on. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You have to go back to your underwriting, run the numbers and see what works” - Dan Handford

Dan Handford Real Estate Background:

  • Dan Handford is the founder and current president of five specialty medical clinics located throughout South Carolina
  • He has investments in over $125,300,000 worth of real estate and currently has 1,353 apartment units in his portfolio located across the United States
  • He is the founder of the Multifamily Investor Nation with 34 groups and 2,300+ members across the World
  • He is also the co-host, along with his wife, of the daily podcast called Tough Decisions for Entrepreneurs
  • Based in Columbia, SC
  • Say hi to him at www.toughdecisions.net and www.handfordcapital.com
  • Best Ever Book: The 10X Rule by Grant Cardone

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Direct download: JF_1609_Dan_Handford.mp3
Category:general -- posted at: 9:59am EST

You know the name by now, he’s an in demand speaker and a best selling author. J is back to add more value to our lives, as always, this time having a discussion on the state of the market, and how to survive regardless of which part of the market cycle we are in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of these things, house flippers should be doing” - J Scott

J Scott Real Estate Background:

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Direct download: JF_1608_J._Scott.mp3
Category:general -- posted at: 10:55am EST

Even if you currently have more leads than you can handle, at some point they may slow down, or you continue to scale and need more and more leads. Either way, having more ways to bring in leads can only benefit your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It can take 6 months to a year to turn those leads into money” - Tommy Mello

Thomas Mello Real Estate Background:

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Direct download: JF_1607_Thomas_Mello.mp3
Category:general -- posted at: 10:48am EST

For today’s Follow Along Friday, Joe is sharing his biggest lessons learned from doing his podcast interviews last week. From shelf corporations to learning about underground storage tanks and the problems they can cause. We’ll also receive the usual business updates that we as investors can learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Everyone has something you can teach others, it’s your responsibility to figure out what that is”

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Direct download: JF_1606_Follow_Along_Friday.mp3
Category:general -- posted at: 9:10am EST

Now you’ve found some deals, time to underwrite! This is a very crucial part of the apartment syndication business, as good/bad underwriting can make or break a deal. Listen to Theo and Joe’s best underwriting tips to get you started on the crucial part of apartment syndications. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Based off of your expertise, input information on how you plan to operate the property”

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Direct download: JF_1605_SS_32_-_Series_13_-_Part_2.mp3
Category:general -- posted at: 10:10am EST

When it’s almost time to search for a deal, it’s important to have your criteria set for what kind of property you are searching for. But how exactly do you figure that out? Well tune into this episode where Theo walks us through exactly that! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’ll save yourself a ton of time by having your criteria set before you look for properties”

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Direct download: JF_1604_SS_31_-_Series_13_-_Part_1.mp3
Category:general -- posted at: 9:15am EST