Best Real Estate Investing Advice Ever

Ed is a do it all kind of person and investor. He loves helping his clients make great decisions on their investments, as well as doing his own deals. Not to mention he brokers hard money, the “Lending Tree of hard money” as he calls it. Tune in to hear how he gets hard money for his clients, as well as what he tells newer investors as they are breaking into the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Some lenders have bigger names and people think they are better because of their name” - Ed Hendrickson

Ed Hendrickson Real Estate Background:

  • Full time real estate professional, focuses on helping others invest while building his portfolio
  • First year as a real estate business owner, he assisted in closing over $20 million in transactions
  • Based in Hoboken, NJ
  • Say hi to him at https://www.hardmoneyproject.com/
  • Best Ever Book: A Million Bucks by 30

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1727_Ed_Hendrickson.mp3
Category:general -- posted at: 12:07pm EST

Alex is an entrepreneur and real estate investor, when he’s not busy with landscaping, he’s working on his own deals. When Alex wanted to start, he didn’t have the cash to get started, his first deal he was able to trade landscaping services for a down payment on a seller financed deal. After that, Alex teamed up with an experienced investor (money partner) and has been completing deals since then. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Every deal will test you, some worse than others” - Alex Holt

Alex Holt Real Estate Background:

  • Owner of Buying Cincinnati Houses
  • Has done over 10 deals with no cash out of pocket
  • Completed several land contract deals that he was able to flip with little more than sweat equity
  • Based in Cincinnati, OH
  • Say hi to him at https://www.facebook.com/alex.holt.777
  • Best Ever Book: Rich Dad Poor Dad

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1726_Alex_Holt.mp3
Category:general -- posted at: 9:29am EST

We received a couple of great questions over the last week, and decided to answer them today on Follow Along Friday. Joe will answer a question about getting a potential seller to want to sell, as well as responding to a question about who controls the bank account in an apartment syndication. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Get curious, what could be their motivation?”

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1725_Follow_Along_Friday.mp3
Category:general -- posted at: 11:32am EST

Time to get back into financing for apartment syndication deals. Today Theo will be discussing the top agency loans available. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“There is a required occupancy of at least 90%”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1724_-_SS_56_-_Series_16_-_Part_2.mp3
Category:general -- posted at: 1:17pm EST

Another week, another syndication school series. This week, Theo is discussing financing for your apartment syndication deals. He’ll be covering all the different options, recourse vs. non recourse, and discussing a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different loan officers specialize in different loan types”

Free Loan Program Spreadsheet:

http://bit.ly/toploanprograms

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1723_-_SS_55_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 8:56am EST

Mike’s real estate career started off a little unusual compared to most, as his first deal was in Russia. After that deal, Mike started buying duplexes and small multi’s in Texas. He wanted to get out of the landlord life, so he sold half of his portfolio. Now Mike is raising capital for deals, and has helped investors acquire over 3,800 multifamily and self storage units. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Real estate investing is a relationship business” - Mike Krieg

Mike Krieg Real Estate Background:

  • Co-founder of Steeple Rock Partners, LLC
  • Has been investing in real estate for 14 years
  • Has helped provide investor funds to purchase 3,800 apartment and self storage units worth $300M
  • Based in Austin, Texas
  • Say hi to him at https://www.steeplerockpartners.com/
  • Best Ever Book: Think and Grow Rich

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1722_-_Mike_Krieg.mp3
Category:general -- posted at: 8:51am EST

Most of us know by now that our national real estate market is cyclical. With that in mind, Ryan and Mark have created a fund for investors as well as themselves to get conservative returns, while also growing the fund. We’ll hear about what assets they invest in and what they look for with potential deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“A lot of investors today read the PPM but don’t really think about what is the senior debt? Debt in a recession is what gets everyone in trouble” - Ryan Andrews & Mark Khuri

Ryan Andrews & Mark Khuri Real Estate Backgrounds:

  • Founders and managers of Aerial Investment Management.
  • In 2018, they launched the Recession Resistant Fund. A diversified real estate fund for passive investors targeting asset classes that are designed to perform through a recession or a volatile market cycle.
  • Fund has invested in 7-10 deals as an equity partner
  • Based in Bend, OR
  • Say hi to them at http://bit.ly/2N3vd3v
  • Best Ever Book: When Genius Failed

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1721_Ryan_Andrews_and_Mark_Khuri.mp3
Category:general -- posted at: 9:36am EST

Antoine has been investing in real estate for four years now, and he’s only 23. Turnkey was not always the business plan, but that is what the company has grown to. Just two years ago, they did 10 houses, last year they did 60, this year they’re on track to complete 100 deals. Learn what he does to grow his business to 100 deals per year in four years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“From the networking, I had a pool of people that were interested in turnkey rentals” - Antoine Martel

Antoine Martel Real Estate Background:

  • 23 year old real estate investor
  • Does 100 flips per year (turnkey rentals), owns a 20 unit apartment building
  • Based in LA, CA
  • Say hi to him at https://martelturnkey.com/
  • Best Ever Book: The 10X Rule

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1720_Antoine_Martel.mp3
Category:general -- posted at: 11:55am EST

Edgar took over a struggling janitorial company at the age of 23 in 2008. He took that struggling business and grew it into a successful commercial and construction cleaning company, helping investors clean up their properties after construction. It wasn’t always easy, Edgar worked two jobs for some time. He’s had success, but some of the business slowed for a while, Edgar did not given up, he’s working harder than ever to get his business to levels it has never reached. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I didn’t know how I would pay the bills, but I knew that if I kept learning, and putting myself out there, I would make it” - Edgar Aguilar

Edgar Aguilar Real Estate Background:

If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com.

We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com

Direct download: JF_1719_Edgar_Aguilar.mp3
Category:general -- posted at: 11:03am EST

Last Follow Along Friday, Theo mentioned that he has decided to sell his 12 unit portfolio. Joe was taken by surprise and wanted to really dive into the story with Theo on another episode of Follow Along Friday, rather than quickly mentioning it in last week’s episode. We’ll hear the mistakes Theo made, which is part of the reason why he’s selling now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Anytime I had a few months of cash flow, I’d have to spend that cash flow to fix something else” - Theo

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1718_Follow_Along_Friday.mp3
Category:general -- posted at: 11:07am EST

Now it’s time for the second and last part of this Syndication School series on submitting your apartment syndication deals. Theo is diving deep into the details so you can walk away from these two episodes know exactly how to submit your offers on large apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Based off the seller’s motivation and everything you learned in the underwriting process, either submit your offer, or decide to walk away”

Free LOI Examples:

http://bit.ly/loiexamples2 

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1717_-_SS_54_-_Series_17_-_Part_2.mp3
Category:general -- posted at: 8:40am EST

Get ready for some more syndication knowledge bombs from our resident apartment syndication instructor, Mr. Theo Hicks. He’ll be taking another step forward in the syndication process, explaining step-by-step how to submit your apartment offers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If there isn’t a price listed, there are a few ways to get a ballpark idea of what the price will be”

Free LOI Examples:

http://bit.ly/loiexamples2 

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1716-_SS_53_-_Series_17_-_Part_1.mp3
Category:general -- posted at: 9:33am EST

Alex’s first deal took him 6 months to close, and he only made $1800. After that, he realized he was doing something wrong. He made some changes, continued taking risks, and now succeeds at a high level in real estate investing. Learn how he kept going even after a bad first deal, and what tactics he employs to avoid another bad deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You think you know something, but more than likely you haven’t played all angles of devil's advocate” - Alex Brodowski

Alex Brodowski Real Estate Background:

  • Real Estate Developer and founder of Westmont Capital Group, LLC.
  • Owns multifamily, retail, and light industrial properties
  • Last year they had $30M worth of inventory they moved
  • Based in Nashville, TN
  • Say hi to him at abATwestmontcapgroup.com
  • Best Ever Book: Think and Grow Rich

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1715_Alex_Brodowski.mp3
Category:general -- posted at: 9:29am EST

Mitch has built quite a large real estate investing company, doing at least one deal every four days. His strategy is to seller finance properties that he buys with his private investors. He raises the money and keeps them legal, while his team take care of the rest. He’ll share how he’s been able to grow such a large business, and raise a large amount money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If the house is worth $100k, I get a loan for about $58k” - Mitch Stephen

Mitch Stephen Real Estate Background:

Best Ever Listeners:

We have launched bestevercauses.com  

We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com.

Direct download: JF_1714_-_Mitch_Stephen.mp3
Category:general -- posted at: 10:47am EST

Jason and his team help investors with marketing. This was born out of a need of his own, and realized others had the same need. We’ll hear tips to improve our own marketing, we’ll also hear how a company like his can help optimize your marketing for you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I quickly built an algorithm, or a spreadsheet at that time” - Jason Roether

Jason Roether Real Estate Background:

  • Runs an AI Technology company called Liberty AI
  • His company has been doing marketing in the real estate industry for over 12 years
  • Recently developed an AI software for investors that is patterned after the core technology used by Google and Facebook
  • Based in Spokane, WA
  • Say hi to him at https://libertyai.net/
  • Best Ever Book: Think bigger

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_1713_Jason_Roether.mp3
Category:general -- posted at: 9:49am EST

Eric saw a problem in the marketplace, created a solution for himself, and is now helping others do the same thing he did. Taking IRA savings and investing in private companies was a complicated process before, now Eric and his team make it easy for their clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“That’s what we call a big market opportunity” - Eric Satz

Eric Satz Real Estate Background:

  • Founder and CEO of AltoIRA
  • His mission is to make 21st-century investment opportunities available to everyone, not just accredited investors
  • Based in Nashville, TN
  • Say hi to him at https://www.altoira.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_1712_-_Eric_Satz.mp3
Category:general -- posted at: 10:25am EST

Joe has three more great pieces of wisdom to share with us from his interviews last week. We also get an update from Theo on his properties, which he is selling, but tune in to find out why. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I assumed, incorrectly that he made $100,000. I need to ask about their carrying costs”

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_1711_Follow_Along_Friday.mp3
Category:general -- posted at: 9:53am EST

Now that we’ve discussed most of the underwriting process for value add apartment syndication, Theo will cover visiting the property in person. Visiting in person is something you will need to do, regardless of how far away it is. You’re dealing with investors’ money, doing proper due diligence is a requirement. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“One of the first properties I toured, I went with my wife and thought the property did not need much work. The second tour, I brought the property manager, and she pointed things out that I didn’t see”

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

Free RCA Sample: 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_1710_-_SS_52_-_Series_16_-_Part_8.mp3
Category:general -- posted at: 9:07am EST

Theo is picking up where he left off last week with rental comps. You’ll need to have accurate rent comps so that you can set accurate assumptions in your underwriting. Today we’ll learn how to ensure we have good comps, and what to do with them once we have them. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“As you get comfortable with the free model and learn and grow, you can customize it however you want”

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

Free RCA Sample: 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_1709_-_SS_51_-_Series_16_-_Part_7.mp3
Category:general -- posted at: 10:28am EST

Alex has been working on his platform, BuildingBits, for about three years, they are now live and accepting investments. They are a company that brings institutional type commercial real estate deals to the average person. We’ll learn what led Alex to creating this platform, and also hear about the experience and returns that an investor can expect to receive. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If we feel the price is fair and is supported by a third party appraisal, we’re not going to beat them up on the price in two or three months when it’s time to close” Alexander Aginsky

Alexander Aginsky Real Estate Background:

  • Principal Shareholder, Founder and Chief Executive Officer of Building Bits
  • Extensive real estate, private equity, and venture capital experience
  • Managed a complex commercial real estate portfolio for global investors, including two hotel developments
  • Based in Portland, OR
  • Say hi to him at https://buildingbits.com/
  • Best Ever Book: Fountainhead

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_1708_Alexander_Againsky.mp3
Category:general -- posted at: 9:41am EST

Frank and Joe are having another case study conversation of a recent deal which they took full cycle. The property had its own unique set of challenges they had to overcome to make this deal work. From unexpected repairs to the outside and foundations, to replacing an entire new fence around the property. They also did a lot of things right with the deal, and we’ll hear about that too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Now we do our own property condition assessment” - Frank Roessler

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_1707_Frank_CO_Case_Study.mp3
Category:general -- posted at: 11:02am EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

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 EST

Terry helps business owners quit being an employee in their businesses, and start getting to work as actual business owners. He also has experience in real estate investing, everything he shares with us today, relates to real estate investors. As real estate investors, we pretty much run small businesses, often times the owner is doing too much in their business to really work on their business. Terry has some tips to share with us today to start reversing that issue. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!  

Best Ever Tweet:

“We think in pictures, this is why vision boards are so important” - Terry Ogburn

Terry Ogburn Real Estate Background:

  • Owner and Lead Business Coach of Ogburn’s Business Solutions - helps business owners work on their business, not in it
  • Worked with Century 21 for 6 years, turning offices around
  • Specializes in recruiting, training, and managing, took one office from #382 to #56 in closed volume within one year
  • Based in Tampa, FL
  • Say hi to him at https://www.terryogburn.com/
  • Best Ever Book: Think And Grow Rich

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_1696_Terry_Ogburn.mp3
Category:general -- posted at: 11:03am EST

Sabine was out of law school and struggling to find a decent job. Rather than settle for something less, she started her own firm. FRANCO LAW FIRM, P.C. is her firm and they focus on real estate law and business law. Needless to say, Joe and Sabine will be covering a lot of real estate investing law in today’s episode, but we also hear her personal story which we can all learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Start early, a lot of people spend a lot of time learning, but you learn more by doing” - Sabine Franco

Sabine Franco Real Estate Background:

  • CEO and Principal Attorney at FRANCO LAW FIRM, P.C.
  • Established in 2012, her practice strategically focuses on Real Estate Law and Business Law
  • Has 5 years experience working in the mortgage and real estate industries
  • Based in NYC
  • Say hi to her at http://www.franco-lawfirm.com/
  • Best Ever Book: The Four Agreements

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_1695_Sabine_Franco.mp3
Category:general -- posted at: 9:04am EST

Lee has built his own brokerage in Chicago, focusing solely on multifamily apartment buildings. He’s here today to talk about that journey, as well as talk to us about some unique aspects of investing in real estate in Chicago. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Understand your risk tolerances” - Lee Kiser

Lee Kiser Real Estate Background:

  • Principal and Managing Broker of Kiser Group
  • Before starting the Kiser group, Lee was the top producing apartment broker in Chicago at his brokerage
  • Has a personal career transaction volume greater than $3 Billion.
  • Based in Chicago, IL
  • Say hi to him at http://kisergroup.com
  • Best Ever Book: The Sharpe Series

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_1694_Lee_Kiser.mp3
Category:general -- posted at: 9:52am EST

Jerome has worked on other peoples’ deals, as well as his own. He and Joe will talk specifics on a 23 unit heavy value add deal that Jerome is still working on. What problems has he ran into, how did he find the deal, and how does he plan on going from no tenants to fully leased? Listen in now to find out. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’ve watched people buy bad deals just because they wanted to get a deal” - Jerome Myers

Jerome Myers Real Estate Background:

  • Serves as an executive coach, real estate investor, and business strategy consultant at The Myers Development Group
  • Asset manager for over 75 units and 75,000 square feet of workforce housing across Virginia and North Carolina
  • Hosts the Dreamcatcher podcast
  • Based in Greensboro, NC
  • Say hi to him at http://d3v3loping.com/
  • Best Ever Book: Millionaire Success Habits

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_1693_Jerome_Myers.mp3
Category:general -- posted at: 10:58am EST

Joe has been building his portfolio by renovating and adding value to his properties, pulling out the equity, and reinvesting into his real estate investing business. We’ve covered that with him previously, today he is going to tell us how to “tenant proof” our investment properties. Not only does Joe tenant proof his properties, he maximizes the ROI while doing so. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“All the flooring is pretty much indestructible, no plastic plumbing or fixtures” - Joe Cornwell

Joe Cornwell 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_1692_Joe_Cornwell.mp3
Category:general -- posted at: 10:21am EST

The title is simple today because the topic is as straightforward as they come. Greg’s strategy when it comes to real estate investing is to never hold any investments. Ever. He has his reasons and even a method to it, hear why he never holds, and what investments he does get into. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It can make sense to own properties, but what’s the difference between that and a big huge pile of cash?” - Greg Dickerson

Greg Dickerson Real Estate Background:

  • Entrepreneur, real estate investor, and developer
  • Over the past 20 years he has bought, developed and sold over $200 million in real estate
  • Started 12 different companies from the ground up
  • Say hi to him at https://gregdickerson.com/
  • Based in Charlottesville, VA
  • Best Ever Book: Principles by Ray Dalio

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_1691_Greg_Dickerson.mp3
Category:general -- posted at: 11:23am EST

We’re throwing you a curveball today, neither of our usual hosts are on this episode. We do have two outstanding real estate investors and fellow podcast hosts (bios and podcasts below) with us to share what are the biggest challenges they’ve faced, and what they would tell their younger selves as they were starting this journey. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Done is better than perfect” - Whitney Sewell

Ryan Cox Real Estate Background:

Whitney Sewell 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_1690_Follow_Along_Friday.mp3
Category:general -- posted at: 9:56am EST

Anna and her team have been on fire in the past six months! We get a lot of insight from her today; not only on the success and lessons learned from the past six months, Anna also shares her story of getting to where she is now over the past decade or so. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If your rent comps are not correct, your whole deal falls apart” - Anna Myers

Anna Myers Real Estate Background:

  • Vice President at Grocapitus, a commercial real estate investment company
  • Applies her 20+ years of experience in technology and business to the finding, analyzing and acquiring of Commercial properties in key markets across the U.S.
  • Based in San Francisco, CA
  • Say hi to her at https://multifamilyu.com/
  • Best Ever Book: Best Ever Apartment Syndication Book

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_1689_Anna_Myers.mp3
Category:general -- posted at: 9:32am EST

Today’s show features a guest whose main focus with his career is helping teams and businesses grow. Danny shares his best advice on the topic with us today, you may be surprised to learn that team culture is often the biggest area of concern for Danny as he starts working with teams. How do you build an excellent team? Tune in to find out. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“As a leader, you have to make the people feel like they are your priority” - Danny Coleman

Danny Coleman 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_1688_Danny_Coleman.mp3
Category:general -- posted at: 9:48am EST

Our guest today was a real estate investor first, then fell in love with marketing. Quite the opposite of the typical story we hear on the show, typically our guests fall in love with real estate investing and switch careers to real estate. Joe is still heavily involved in real estate, now he helps investors and/or agents connect with great leads through his marketing company. They go a step further for their clients, rather than being a lead provider, they are an appointment provider. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The ROI that you will receive by investing in the marketing and sales side of your business is exponentially higher than any ROI you will ever get from anything else” - Joe Giglietti

Joe Giglietti Real Estate Background:

  • Host of The Billions In Real Estate Show & Founder of Exponential Referrals, a digital marketing agency
  • Working to refer $1 Billion in real estate this year
  • Based in Melbourne, FL
  • Say hi to him at www.exponentialreferrals.com
  • Best Ever Book: The Snowball

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_1687_Joe_Giglietti.mp3
Category:general -- posted at: 9:23am EST

Ryan recently partnered up with some people and bought their first mobile home park. We’ll hear all about how he found the partners, how they structure the agreement, and how they defined the roles. Beyond the partnership, Ryan and Joe will dive into the deal itself so we can hear about an asset class that we don’t typically hear about on this podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“In the mobile home business, you have to bring in the homes” - Ryan Groene

Ryan Groene Real Estate Background:

  • Now a full time Mobile Home Park Owner and Operator that has honed his skills over the last 3 years while working full time in Finance
  • Oversees 8 parks spread across 500 spaces
  • Based in Cleveland, OH
  • Say hi to him at ryan.groene55ATgmail.com
  • Best Ever Book: Capital Gains by Chip Gaines

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_1686_Ryan_Groene.mp3
Category:general -- posted at: 9:12am EST

Chris is a principal in the National Tax Office of CliftonLarsenAllen, and is here today to tell us about a new deduction that can save real estate investors thousands of dollars in taxes. Also known as the pass-through deduction, Chris will give us the details on the the deduction and we’ll have a better understanding of if we can take advantage of the deduction. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“If you don’t have employees you can also look to another factor on the amount of depreciable property that you have in your rental” - Chris Hesse

Chris Hesse Real Estate Background:

  • Principal in the National Tax Office of CliftonLarsonAllen
  • Authority on the recently enacted tax reform, the SEC 199A deduction
  • Based in Richland, Washington
  • Say hi to him at www.claconnect.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_1685_Chris_Hesse.mp3
Category:general -- posted at: 10:28am EST

Danny has been on the show before, but has ventured into a new field to share with us today. He decided to start writing a series of kids’ books about the wealth lessons he has learned along his real estate journey. No doubt that teaching children money and wealth lessons early can have a tremendous impact on their future, as it did for Danny at the age of five. So tune in to hear ideas on educating our children, or even check out Danny’s book after the episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Make sure if they do get a birthday present or earn a little extra money running a lemonade stand, that they always take care of it and have a special place to keep it” - Danny Randazzo

Danny Randazzo 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_1684_Danny_Randazzo.mp3
Category:general -- posted at: 8:36am EST

Follow Along Friday time! Today, Joe is joined by Ellie Perlman who is also a multifamily syndicator and podcast host. Ellie covers keeping an open mind and tells us a story about a deal she recently closed on, had she stuck to her traditional strategy and not been open minded, she wouldn’t have closed the deal. Joe then answers a listener question about how they can take some capital they have and leave their job, surviving off of real estate investing only. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Don’t quit your job, start doing it on the side and see if you like it” - Ellie Perlman

Ellie Perlman 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_1683_Follow_Along_Friday.mp3
Category:general -- posted at: 9:24am EST

Steve is a long time attorney who specializes in private offerings and securities. A huge insight he drops on this episode, state securities agencies are like profit centers for state governments, and one of the easiest ways for them to make money is go after anyone who didn’t follow security laws. That is an eye opener, and gives you a great idea of what you are up against. You may also be surprised to learn that a lot of investors are actually offering a security, not filing with the SEC, and could get in some trouble because of that. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The consequences of violating securities law are astronomical” - Steve D. Rinaldi

Steve D. Rinaldi Real Estate Background:

  • Attorney specializing in private offerings of securities
  • Has handled private offerings of securities for 29 years
  • Based in Bethesda, MD
  • Say hi to him at http://stevenrinaldilaw.com/ or (240) 481-270six
  • Check out his services for syndications & private placement deal sheet http://bit.ly/2UKSRo7  

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_1682_Steve_Rinaldi.mp3
Category:general -- posted at: 9:38am EST

Kris has an interesting story we’ll hear on this episode, how and why he turned to real estate after a career in sales. The biggest reason for him was to quit trading his time for money and spend more time with his family. So how did he do it and how can you learn from his story and apply it to your own life? Tune into this episode to hear how he transitioned into real estate, we’ll also hear how the company he works for has become one of the 30 top commercial self storage operators. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“At some point you gotta get in it, you’re gonna make mistakes, but if you don’t jump in, you’ll never move forward” - Kris Benson

Kris Benson Real Estate Background:

  • CIO for Reliant Investments, a subsidiary of Reliant Real Estate Management
  • Reliant Real Estate is one of the top 30 commercial self storage operators in the U.S.
  • Based in Saratoga Springs, NY
  • Say hi to him at www.reliantinvestments.com
  • Best Ever Book: The Alchemist

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_1681_Kris_Benson.mp3
Category:general -- posted at: 9:34am EST

Dino was raised by entrepreneurs, but took a little different path at first, going to and graduating from college before entering the corporate world. Once he was there, he wanted more, and to scratch that entrepreneurial itch! He started a few small ventures, before falling in love with real estate, specifically multifamily syndications. Hear how he jumped into the multifamily syndication business, and is teaming with others to grow the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You can bring a deal to a team that is already experienced, chances are they’ll do it and add you to the GP side of the deal” - Dino Pierce

Dino Pierce 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_1680_Dino_Pierce.mp3
Category:general -- posted at: 10:37am EST

Ryan was like many new real estate investors, had a good job and wanted to get into real estate. He started flipping houses part time, and did that for about 10 years before going full time as a real estate investor. Hear how he was able to leave his job, and how he’s scaling his flipping business in Cincinnati. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Everything I made that was extra over the years, I just kept re-investing” - Ryan Naish

Ryan Naish Real Estate Background:

  • Real estate investor since 2006
  • Flipped 18 properties in Cincinnati since 2006, flipped 5 of them in 2018
  • Licensed Realtor and has handled 35 purchase and listing transactions
  • Based in Cincinnati, OH
  • Say hi to him at 513.535.6480
  • Best Ever Book: Am I Being Too Subtle?

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_1679_Ryan_Naish.mp3
Category:general -- posted at: 9:17am EST

Steven has written a book and been helping others optimize time for the last five years. He says time is our most valuable resource (we agree) and is here today to tell us how we can make the most of our time by performing at the highest levels with our time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Time comes from you and you control it” - Steven Griffith

Steven Griffith Real Estate Background:

  • Nationally recognized author, speaker, researcher, and performance expert
  • Author of the book- The Time Cleanse and considered one of the leading authorities on the connection between time, productivity, and performance
  • Based in LA, CA
  • Say hi to him at https://www.stevengriffith.com/bestever/
  • "Get Steven's Master Class on Time Free When You Order The Time Cleanse!" www.stevengriffith.com/master-class

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_1678_Steven_Griffith.mp3
Category:general -- posted at: 12:50pm EST

Ah, the perpetual vacation, the motivation for a lot of beginning investors and experienced investors to build a large real estate portfolio. One problem: you can have all the properties in the world, but if you’re the only reliable worker, that’s not much more than a very time consuming JOB. How do we change this or scale a business with our time in mind from the beginning so that we can reach our goals of having free time to do as we wish? Sarah Noked is here to answer that for us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“There is such a wealth of talent in the online space, it’s amazing how entrepreneurs are leveraging that in their businesses” - Sarah Noked

Sarah Noked Real Estate Background:

  • A Certified Online Business Manager, putting systems in place for businesses to scale
  • One of just 3 worldwide Certified OBM® (Online Business Manager) Trainers
  • Based in: Haifa Area, Israel
  • Say hi to her at https://www.sarahnoked.com/bestever/

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_1677_Sarah_Noked.mp3
Category:general -- posted at: 11:49am EST

Another edition of Follow Along Friday! Joe is joined by Lennon Lee who is a podcast host himself and real estate investor. We’ll hear about their most recent lessons learned in the business, how they improved their business because of that lesson, and how you can do the same. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’re gonna have to do some things that you don’t enjoy doing” - Lennon Lee

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_1676_Follow_Along_Friday.mp3
Category:general -- posted at: 10:34am EST

Okay so the secret is not so much a secret, when the economy changes, and changes his business, Jack and his team will reinvent themselves and business. They continue to thrive regardless of what is happening outside of the business because of this. Hear how to change on the fly for continued growth and success at any level. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The only thing in life you can be sure of is change, so you might as well embrace it” - Jack Miller

Jack Miller Real Estate Background:

  • President and Founder of Gelt Financial Corporation
  • Since founding Gelt, has made over 10,000 loans in excess of 1 Billion Dollars.
  • Based in Boca Raton, FL
  • Say hi to him at https://geltfinancial.com/
  • Best Ever Book: Behind the Golden Arches

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Direct download: JF_1675_Jack_Miller.mp3
Category:general -- posted at: 9:33am EST

Loe was making good money running a car dealership, but was not fulfilled. He wanted to get into property management, but no one would hire someone who was taking a huge pay cut! He finally got a job as an assistant property manager and started learning the business. Eventually he learned about residential assisted living and started building that business, which is still his main focus. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I think it’s great to have a third party take care of stuff for you, but at the same time you have to know enough to know if someone is a good property manager or not” - Loe Hornbuckle

Loe Hornbuckle Real Estate Background:

  • CEO and founder of Sage Oak Assisted Living and Memory Care
  • Sage Oak is “the boutique assisted living company” with 5 locations in Dallas and a total of 40 beds.
  • Has two developments in TX and Louisiana, totaling 300 beds and estimated value of $45M
  • Based in Dallas, TX
  • Say hi to him at https://thesageoak.com/
  • Best Ever Book: The One Thing

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1674_Loe_Hornbuckle.mp3
Category:general -- posted at: 9:12am EST

At some point, most of us start thinking about retirement. John was ahead of the curve for most people and at a younger age started projecting out his income and savings. He realized retirement was not looking great, tried to figure out the stock market, then fell in love with real estate investing. Now he’s got a large portfolio and currently working on a 41 unit deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“It’s all about partnerships” - John Fortes on his real estate investing success

John Fortes Real Estate Background:

  • One of the founding partners of Community First Investment Group
  • has 62 units under management and is currently syndicating another 41 units
  • Based in Boston, MA
  • Say hi to him at https://www.cfigwealth.com/
  • Best Ever Book: The Third Door

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1673_John_Fortes.mp3
Category:general -- posted at: 9:46am EST

Nico’s investing strategy is a little bit different than most strategies we usually talk about. He also lives a different lifestyle than probably most of us listening to this episode. Nico is a nudist who built a colony of nudists on vacant land that he bought. Hear how he did it, what kind of returns he got, and how he plans on doing it again in a new place soon. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When investing into a community, you’re investing into the people as well” - Nico Blue

Nico Blue's Real Estate Background:

  • Principal and Managing Broker of Blue Investing
  • Before starting the Blue Investing, Nico was a top producing apartment broker in Southern California at his brokerage
  • Has a personal career transaction volume greater than $2 Billion.
  • Based in Boulder Creek, CA
  • Say hi to him at: http://www.mattazark.com/
  • Best Ever Book: The Art of Loving by Erich Fromm

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1672_Nico_Blue.mp3
Category:general -- posted at: 9:29am EST

Gerri has been involved in consumer credit education for many years, even writing a book on it. Gerri was hearing from real estate investors that people were getting scammed trying to get credit for their real estate business. She’s here today to explain how we can get credit for our businesses and how to spot a scam. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   

Best Ever Tweet:

“I’m not aware of any major credit card issuer that issues a business credit card without a personal guarantee behind it” - Gerri Detweiler

Gerri Detweiler Real Estate Background:

  • Education director for Nav.com, the first site to give business owners free person and business credit scores
  • 20 years of experience in the credit industry
  • Based in Sarasota, FL
  • Say hi to her at https://www.nav.com/freeaccount

 

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1671_Gerri_Detweiler.mp3
Category:general -- posted at: 10:02am EST

Nathan had a problem, he needed to hire team members and saw the need for others too. So he created a company to help provide good remote team members for businesses and people that need help. Hear his best tips as it pertains to hiring a new person. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Focus on whether or not they are the perfect fit for you” - Nathan Hirsch

Nathan Hirsch Real Estate Background:

  • Co-founder and CEO of FreeeUp.com, a marketplace that connects businesses with pre-vetted freelancers in eCommerce, digital marketing, and much more
  • Has sold over $30 million online
  • Based in Orlando, FL
  • Say hi to him at https://freeeup.com/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1670_Nathan_Hirsch.mp3
Category:general -- posted at: 9:05am EST

A little bit of a change up for today’s Follow Along Friday, we’re having a guest on the show with Joe. John has been on the show in the past (episode 487) and is sharing some of the best things he learned in his business last week. Of course Joe will be sharing his best lessons learned last week too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I struggled in the beginning with saying “I’m not good at that” and would try to everything on my own”

Listen to John’s Best Ever Advice:

JF478: From Live-In Duplex to 13 Rentals ($1.5 MM)—In Three Years!

John Casmon Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1669_Follow_Along_Friday.mp3
Category:general -- posted at: 9:47am EST

Ryan and his team were focused on wholesaling and then flipping, and then got into buy and hold investments. He’s built a good sized real estate business and is here today to tell us how he’s been able to have great success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“One of our acquisition guys gets 10-12% of the commission on something we sell” - Ryan Dossey

Ryan Dossey Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1668_Ryan_Dossey.mp3
Category:general -- posted at: 12:34pm EST

We get to hear from a commercial broker today who is top 10 in both leasing and investment sales in San Antonio. Bethany founded and is the co-owner of a full service commercial firm. We’ll also hear from her on the importance of finding a good mentor to help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Integrity first and foremost, after that persistence” - Bethany Babcock on what separates a good broker from a great broker.

Bethany Babcock Real Estate Background:

 

  • Founder and Co-Owner of Foresite Commercial Real Estate, a full service real estate firm in San Antonio

 

  • Named one of the top 10 Brokers in San Antonio in the categories of both leasing and investment sales
  • Based in San Antonio, TX
  • Say hi to her at https://foresitecre.com/
  • Best Ever Book: Secrets of Closing The Deal by Zig Ziglar

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1667_Bethany_Babcock.mp3
Category:general -- posted at: 10:08am EST

There are alot of note investors, both performing and non-performing. DeAnn is here to tell us more information on the strategy. We’ll hear what to look for both good and bad, and also how to know what the worst case scenario is. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Don’t fall in love with your deal, every time I see someone do this, they make a mistake” - DeAnn O’Donovan

DeAnn O’Donovan Real Estate Background:

  • President & CEO of AHP Servicing
  • Has over 25 years of experience in real estate, financial services, asset management, mortgage lending, and residential loan servicing
  • Based in Chicago, IL
  • Say hi to her at https://ahpservicing.com/ or ceoATahpservicing.com
  • Best Ever Book: The Alchemist

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1666_Deann_ODonovan.mp3
Category:general -- posted at: 9:55am EST

We’ve have talked, and will continue to talk extensively about the syndication process with real estate. For the most part, everything we talk about pertains specifically to multifamily syndication. We’re talking syndications again today, but this time it’s in reference to farm land. Chris and his company help farmers get farm land by helping them raise money via a syndication structure. Chris tell us about the different hurdles he and his company have to overcome to make these deals happen, with a great explanation of “cow math”. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You’ve seen one multifamily deal, you’ve seen them all, you see one agriculture deal, you’ve seen one agriculture deal” - Chris Rawley

Chris Rawley Real Estate Background:

  • Founder of Harvest Returns – an agriculture investment platform
  • Invested in residential, commercial, and agricultural real estate for 20+ years
  • 26 years active & reserve Navy service, traveled to more than 50 countries
  • Based in Fort Worth, Texas
  • Say hi to him at https://harvestreturns.com
  • Best Ever Book: The Lean Startup

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1665_Chris_Rawley.mp3
Category:general -- posted at: 9:33am EST

As a previous guest, Rock already shared his Best Real Estate Investing Advice Ever. Today he’s back for a Skill Set Sunday episode because he wants to help more people. We’ll hear Rock discuss how people can get started in real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You could make $1000 passive-ish income” - Rock Thomas

Arvin (Rock) Thomas Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1664_Rock_Thomas.mp3
Category:general -- posted at: 9:41am EST

Today we have two guests with us today to discuss real estate taxes. Stessa is our sponsor and also our guest today, along with Thomas Castelli, an investor, CPA, and tax strategist. So hit play to hear the easiest way to handle your taxes and hear about the new laws. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

  • Since the introduction of the Tax Cuts & Jobs Act in 2017 many real estate investors have wondered how these new rules and incentives will affect their taxes this year. Things were so confusing in fact that the IRS recently released clarification on the 20% pass-through deduction, and specifically singled-out real estate investments as needing more clarity.
  • Devin Redmond, Head of Customer Success at Stessa and Thomas Castelli, CPA & Tax Strategist at the Real Estate CPA teamed up to help provide clarification on taxes for real estate investors by creating a series of resources that investors can reference.

Best Ever Tweet:

“You really want to be taking a proactive approach throughout the year”

Devin Redmond & Thomas Castelli Real Estate Backgrounds:

 

  • Devin Redmond:

 

  • Head of customer success with Stessa
  • Former commercial real estate pro and investor
  • Say hi to him at https://www.stessa.com/
  • Based in San Francisco, CA

 

  • Thomas Castelli:

 

  • CPA & Tax Strategist at The Real Estate CPA
  • Real estate investor, invested passively before being active in an 82 unit apartment community
  • Say hi to him at www.therealestatecpa.com
  • Based in NYC

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1663_Devin_Redmond__Thomas_Castelli.mp3
Category:general -- posted at: 12:44pm EST

Tom and his company specialize in hospitality and restaurant brokerage. That’s where Tom built a career for many years before the long hours and his family made him want to make a change. With 30 years of restaurant and night club experience, Tom is the perfect partner for investors who are looking for restaurant deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You buy quality real estate and you’ll make a lot of money if you hold on” - Tom Prakas

Tom Prakas Real Estate Background:

  • Tom has 30 years experience in the restaurant, nightclub and sports bar industry
  • Has owned 27+ popular establishments throughout Ohio, Georgia and South Florida
  • He and his team have sold or leased over 400+ restaurants and commercial properties
  • Based in West Palm Beach, FL
  • Say hi to him at https://www.prakascompany.com/
  • Best Ever Book: Art of the Deal

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1662_-_Tom_Prakas.mp3
Category:general -- posted at: 9:37am EST

Today’s syndication school is continued over from yesterday’s episode. Theo will cover the rest of the assumptions you will be setting. So dive in and hit play to learn more about how to do an apartment syndication deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Landscaping is one of the first things that people see when they come to your property so you want to make sure it is nice and clean”

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1661_-_SS_48-_Series_16_-_Part_4.mp3
Category:general -- posted at: 9:50am EST

Time to start learning about setting assumptions. You’ll be setting a few assumptions when underwriting value add apartment syndication deals. Theo will be discussing those assumptions, and how to accurately set them in today’s Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you’re doing a deal that’s smaller than 250 or 200 units, you can use the 1.75% number”

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator


Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1660_-_SS_47_-_Series_16_-_Part_3.mp3
Category:general -- posted at: 9:39am EST

One of the most popular ways to get started in real estate is through house hacking. This is how Chad got his start as well, only he did it a little different. Usually, someone will purchase a multifamily property and live in one of the units while renting out the other unit or units. Chad needed someone to help pay the mortgage so his friend moved in and his rent paid almost the whole mortgage. That got chad started and he quickly set out to get more property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I had the company as an insurance blanket and it bailed me out a couple of times” - Chad Hudson

Chad J Hudson Real Estate Background:

  • Started investing in 2000 when he was burnt out on baseball
  • Founded Savoy Companies and grew to over 30 units
  • Based in Rockwall, TX
  • Say hi to him at https://www.savoycompanies.com/
  • Best Ever Book: The One Thing by Gary Keller

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1659_Chad_Hudson.mp3
Category:general -- posted at: 7:58am EST

Daniel and his parents immigrated to the United States in 1999, they faced tough times growing up as the family struggled financially. Daniel bought his first deal specifically for his parents and their retirement at the age of 22. Now he’s scaled his business to owning 75 units and is also fixing and flipping multiple properties at the same time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When I first got into real estate, I only wanted to learn, I wasn’t even hungry for a deal” - Daniel Kwak

Daniel Kwak Real Estate Background:

  • Started investing at 20 years old
  • Owns over 75 units and currently doing 6 fix and flips
  • Based in Aurora, IL
  • Say hi to him at https://thekwakbrothers.com/
  • Best Ever Book: Pitch Anything

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1658_Daniel_Kwak.mp3
Category:general -- posted at: 9:29am EST

Adam is here to talk fundraising with us today. Not necessarily fundraising to purchase real estate, but rather for non profit organizations. Adam and his company use real estate to raise the money for different charities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“They usually make as much or more than if they rented it out” - Adam Capes

Adam Capes Real Estate Background:

  • Co-founder and president of Getaway2Give, a company changing the way non-profits raise money
  • Their mission is to be the best in the country at helping charities and schools raise money, they’ve helped raise over $10M so far.
  • Based in Atlanta, GA
  • Say hi to him at https://www.getaway2give.net/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1657_Adam_Capes.mp3
Category:general -- posted at: 10:31am EST

Taxes are an inevitable part of running a business, sometimes things can go wrong. When the IRS comes knocking, it’s better to be prepared. Shanyn has helped her clients and is here to share some tips with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you’re handing an IRS agent a copy of your bank statement that has co-mingled business and personal funds, that opens up all of those transactions for scrutiny” - Shanyn Stewart

Shanyn Stewart Background:

  • Tax strategist and serial entrepreneur  
  • Has been helping clients with taxes for 22 years with her company Advanced Accounting
  • Based in Lambertville, MI
  • Say hi to her at https://advancedaccounting.com/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1656_Shanyn_Stewart.mp3
Category:general -- posted at: 12:11pm EST

Joe and Theo are back for another round of Follow Along Friday. Today, Joe is sharing his best lessons learned from last week, when he interviewed nine people for the podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you come up with a good life number, you can put together a plan to reach that number”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1655_Follow_Along_Friday.mp3
Category:general -- posted at: 10:56am EST

Today’s episode covers part four of seven on our value add apartment underwriting strategy. If you didn’t listen to yesterday’s episode, you should. Theo began covering the underwriting process so you’ll want to hear that first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You don’t want to spend too much time investigating one small assumptions”

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1654_-_SS_46_-_Series_16_-_Part_2.mp3
Category:general -- posted at: 12:11pm EST

Theo has covered a ton of details so far for apartment syndication deals. Today we’ll start learning about the actual underwriting process. Steps 1, 2, and 3 are covered today, with more to follow! PLUS we’re including a free simplified cash flow calculator for you to practice your underwriting with, can be used along with these episodes to follow along. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You want to make sure the T-12 is current”

Free Simple Cash Flow Calculator:

http://bit.ly/simplecashflowcalculator

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1653_-_SS_45_-_Series_16_-_Part_1.mp3
Category:general -- posted at: 10:46am EST

Sometimes getting creative is necessary to make a deal work. Zach and the company he works with, only do creative deals, or as he says they buy on terms. He has three primary creative financing strategies; lease purchase, owner financing, and subject-to. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Ideally on a subject-to deal, it’s going to be a long term deal” - Zach Beach

Zach Beach Real Estate Background:

  • Successful real estate investor
  • Has completed over 100 deals in under 3 years, buying and selling properties without using any of his own cash, credit, or investors’ money
  • Based in Newport, RI
  • Say hi to him at www.freesrecbook.com
  • Best Ever Book: Surrender Experiment

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1652_Zach_Beach.mp3
Category:general -- posted at: 8:50am EST

Ari decided to take more control of his financial destiny, so he began investing in real estate. We’ll hear his story of working full time at a job while working on a real estate portfolio part time. For most of us, this is how we get started, and hearing a successful example to follow can help anyone who wants to be in the same situation as Ari. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Identify your niche and competitive advantage and leverage it very aggressively to differentiate from the crowd” - Ari

Ari’s Real Estate Background:

  • Went from Journalist to marketing for 10+ years & part time real estate investor
  • Controls over $1.5 Million of real estate while working full time
  • Kapel Real Estate
  • Based in Chicago, IL
  • Say hi to him at kapelrealestateATgmail.com, https://youtu.be/7XnlQo0IMDo
  • Best Ever Book: Crushing it in Commercial Real Estate by Brian Murray

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1651_-_Ari.mp3
Category:general -- posted at: 9:45am EST

Precious metal investing, that’s what we’re covering today. Ken is an expert and owns a company that helps people invest in precious metals. He’s sharing the benefits of precious metal investing with us today, even if you never pay him for services or products, he shares great information for you to think about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We ship over 80% of our orders the same day” - Ken Lewis

Ken Lewis Real Estate Background:

  • Results-oriented professional with more than 25 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500
  • Chief Executive Officer at APMEX, the largest precious metals retailer in North America
  • Based in Oklahoma City, OK
  • Say hi to him at https://www.apmex.com/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1650_-_Ken_Lewis.mp3
Category:general -- posted at: 11:52am EST

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers

Terry Lammers Real Estate Background:

  • Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company
  • Had 11 different companies he grew to $40 million in annual sales before selling in 2010
  • Based in Fallon, IL
  • Say hi to him at http://www.innovativeba.com/bestever

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1649_-_Terry_Lammers.mp3
Category:general -- posted at: 9:37am EST

For Follow Along Friday this week, Joe is sharing some favorite lessons he learned while doing his interviews for the podcast last week. You’ll hear tips from multiple investors, all with a different skill set as it relates to real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Lessons Learned:

Alan Fruitman: Stay in your lane

Jake Stacy: Having proper insurance

Jason Palliser: Executing on deals

David Greene: Cash flow is the defensive mechanism in the single family space

Best Ever Tweet:

“Cash flow isn’t the best thing to think of when buying single family homes, rather it’s the equity appreciation”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1648_-_Follow_Along_Friday.mp3
Category:general -- posted at: 9:29am EST

Final episode of the financial statements segment of the Syndication School series. Theo will be talking about more, you guessed it, financial documents. He’ll finish breaking down the OM today, and finish the episode with useful underwriting tips as it pertains to the entire financial statement series. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Compare their pro forma to their pro forma”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1647_-_SS_44_-_Series_15_-_Part_6.mp3
Category:general -- posted at: 11:08am EST

Part 5 of our 6 part series on apartment financial statements. Theo will be covering a few different documents today, including the OM. So without much more explaining from me, hit play and learn more about the financials from Theo. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The listing agents MIGHT leave some things off the OM to make more money”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1646_-_SS_43_-_Series_15_Part_5.mp3
Category:general -- posted at: 9:17am EST

Frank Roessler, for Best Ever Listeners that don’t know, is the Founder of Ashcroft Capital, and managing partner along with Joe. Recently, they finished a business plan and sold a deal, now we get to hear their case study discussion. This will be a normal segment on the podcast, whenever Ashcroft sells a property, we’ll hear the details from Frank and Joe! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Frank Roessler Real Estate Background:

  • Founder of Ashcroft Capital
  • Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments
  • Based in NYC
  • Say hi to him at ashcroftcapital.com

Best Ever Tweet:

“You can do everything else right, but if you can’t execute, you can really screw up an investment” - Frank Roessler

Learn more about Frank:

JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday
Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1645_Case_Study_1_Timberlodge.mp3
Category:general -- posted at: 9:00am EST

At a very young age Igor has figured out how to build a consistent and profitable house flipping business. Not only has he been exceptional at networking and establishing advantageous business relationships, his business is structured smartly and his team is performing very well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“At the time I didn’t know what a quit claim deed was, we learned our lesson on that one” - Igor Kajpust

Igor Mike Kajpust Real Estate Background:

  • 22 year old full time investor specializing in SFR
  • Purchased $8.5M of flips in 2018 across 35 flip deals, sold 20 of them in 2018 for $1.15m profit and have $1.25m in equity in the remaining 15
  • Goal is to do 500 sfr deals in 2019
  • Based in LA, CA
  • Say hi to him at http://amoove.com/
  • Best Ever Book: Principles

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1644_Igor_Mike_Kajpust.mp3
Category:general -- posted at: 9:32am EST

The Blockchain. You’ve heard of it, you may know a little about it, now how can it help us as real estate investors? Matthew has built a company that helps people invest in real estate all over the world without a third party. We’ll walk through a case study of what one can expect if using the blockchain to invest in real estate with his company. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We’ll buy some of the equity in your home, you pay us back when you sell” - Matthew Sullivan

Matthew Sullivan Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1643_Matthew_Sullivan.mp3
Category:general -- posted at: 11:35am EST

Many people would like a way to invest in real estate and pay less taxes. Well what a lot of people may not know, is that they may have the capital available to do this, they just have to move it around, get it into a self directed IRA, and have some professional guidance. Listen in for tips on executing this strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“South Dakota and New Mexico are the best states to get a license in” - Edwin Kelly

Edwin Kelly Real Estate Background:

  • Expert on Self Directed Retirement accounts and self-directed investment strategies
  • CEO and Co-Founder of Specialized IRA Services
  • He has more than 24 years of experience in the Financial Services Industry
  • Based in Albuquerque, NM
  • Say hi to him at https://specializediraservices.com/
  • Best Ever Book: Losing My Virginity by Richard Branson

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

 

Direct download: JF_1642_Edwin_Kelly.mp3
Category:general -- posted at: 11:13am EST

We’re just getting back from Denver and the Best Ever Conference. Joe is sharing his top lessons learned from the conference. Some surprising lessons learned from a comedian, and other real estate related lessons. We’ll also get updates from the two of them on their businesses, and how their lessons can help us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He took advantage of a situation that he was presented time and time again, and turned it into an asset”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1641_Follow_Along_Friday.mp3
Category:general -- posted at: 8:44am EST

 

Part two of the T-12 walk with Theo. You’ll want to listen in to learn even more details about the trailing 12. It’s important to understand this statement so you don’t make a bad decision on a deal that costs you money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The total income - total operating expenses is what’s used to determine the value of the property”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1640_SS_42_-_Series_15_-_Part_4.mp3
Category:general -- posted at: 1:56pm EST

Last week’s syndication school episodes were all about the rent roll. This week, Theo is talking about the T-12 (trailing 12, profit & loss statement) it has different names sometimes, but we’ll refer to it as simply the T-12. We’ve provided a free T-12 from an actual deal in the notes below. You’ll need to know how to read this statement for your apartment syndication business. If you never plan to buy larger apartment buildings, you’ll still need this skill for smaller properties if you want to accurately perform your due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Gross potential rent on the T-12 and the rent roll should be pretty close”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1639_-_SS_41_-_Series_15_-_Part_3.mp3
Category:general -- posted at: 9:22am EST

Steven considers himself a “beginning” investor… Who has 150 properties purchased in his first two years of investing. Maybe not quite a beginner in a lot of eyes, but for himself and his goals, he’s just getting started. We’ll take a dive into how he has been able to scale to the level he is currently at in just two years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Whenever you take on the decision to cut overhead, it’s a trade off” - Steven Pesavento

Steven Pesavento Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1638_Steven_Pesavento.mp3
Category:general -- posted at: 9:15am EST

In one summer, Chandler signed up 450 homes on pest control contracts, putting about $96k in his pocket. He still leads sales reps, and points out the direct correlation between success in sales and being a successful real estate investor. Most important trait for success in either field? Chandler says hard work will get you there, but he also has tactics to share. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I’ve gotten more creative as time has gone on” - Chandler David Smith

Chandler David Smith Real Estate Background:

  • Real estate investor for the last 5 years
  • Invested in 60 doors that gross $300k per year
  • Based in Idaho Falls, Idaho
  • Say hi to him at chandlerdavidsmith.com
  • Best Ever Book: Happiness Advantage

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1637_Chandler_David_Smith.mp3
Category:general -- posted at: 9:09am EST

Christian and his company help people establish their own nonprofit organizations. You’ve probably heard how complicated and time consuming the process is, clouded with red tape that takes months to years to clear up. Changemakers is here to help minimize those hassles and get your giving back efforts established more efficiently than what is typical. Hear some great tips on how to establish your own efficiently, or hear how Christian and his team can help. We’re only on this earth for a short period of time, it’s important to try to make it better while we’re here. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Someone wants to create a non profit because they see a need that is not being filled” - Christian LeFer

Christian Lefer Real Estate Background:

  • Founder and CEO of Changemakers
  • Starts and manages 501(c)3’s for successful business owners, investors, execs and celebrities
  • Has raised millions and run many campaigns during his decade-plus of fundraising
  • Based in Denver, CO
  • Say hi to him at https://changemakers.world/
  • Free PDF for starting a 501(c)3 www.changemakers.world/realestate

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1636_Christian_LeFer.mp3
Category:general -- posted at: 12:41pm EST

Steve wanted to make more money, but felt bad for doing it. He first had to overcome that mindset, after he realized it was okay to work less and earn more, he was able to build a business over the past two years. He’s flipping houses, and just closed on a 20 unit. We’ll he’ll tactical advice from some of his deals, as well as how to build a great team and leverage other people's’ skill sets. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“If you don’t have the necessary relationships, partner with someone who does” - Steve Streit

Steve Streit Real Estate Background:

  • Real estate investor focused on developing key areas in Detroit
  • Flipped over 70 houses in the last 18 months, actively buying 1-2 houses a week, and has a portfolio of 50 units and actively looking for more multifamily units
  • Based in Detroit, MI
  • Say hi to him at https://www.stevemovesmichigan.com/  
  • Best Ever Book: Never Split The Difference

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1635_Steve_Streit.mp3
Category:general -- posted at: 10:17am EST

Today we’ll hear from a Cincinnati investor who is currently doing about 15 flips per year, and growing. Eric will share a lot of his experience with us today, he’ll reveal a lot of great information about the Cincinnati market and the range of deals he likes to tackle. We’ll also learn about his Master Lease Option deal that he is still working with. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you’re talking with the seller, you want to keep the numbers simple” - Eric Kottner

Eric Kottner Real Estate Background:

  • Full time investor since 2006
  • Has done 15 of his own flips and owns 30 units
  • Based in Cincinnati, OH
  • Say hi to him at https://cincyturnkey.com/
  • Best Ever Book: The Productivity Graph

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1634_Eric_Kottner.mp3
Category:general -- posted at: 8:16am EST

We are continuing our discussion and break down of the rent today. I don’t need to explain much here, if you want to know more about the rent roll for apartment syndication purposes, tune in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Market rent is what the unit should be renting for, the current rent is how much the tenant is being charged”

Free document for this episode:

http://bit.ly/rentroll

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1633_SS_40_-_Series_15_-_Part_2.mp3
Category:general -- posted at: 11:12am EST

This episode is all about the Rent Roll. What is it? How do you get it? Why do you need it? All of these questions and more are answered in this episode of Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“By the end of these two episodes, you’re going to learn what a rent roll is, how to obtain it, why you need it, and other important things to look for”

Free document for this episode:

http://bit.ly/rentroll

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1632_SS_39_-_Series_15_-_Part_1.mp3
Category:general -- posted at: 9:42am EST

Corey saw real estate success early in life, not his own, but his step dad at the time was wildly successful, and it was from real estate. After that, Corey read Rich Dad Poor Dad and started his own real estate journey. He was doing well, a lot of people saw him as having massive success. But one day, he realized he was too consumed with work, missed his son’s game, and realized this was not his idea of success. Now hear how he balances real estate success AND family success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“I used to say I wish I could own an apartment building, but on that day I said, how can I own an apartment building” - Corey Peterson

Corey Peterson Real Estate Background:

  • Owner of Kahuna Investments, an apartment investing company
  • Has managed and acquired over $95 million in real estate
  • Host of the Multi-Family Legacy Podcast
  • Based in Phoenix, AZ
  • Say hi to him at https://kahunainvestments.com/
  • Best Ever Book: The Richest Man In Babylon

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1631_Corey_Peterson.mp3
Category:general -- posted at: 9:23am EST

Raising enough money to complete the large deals that John and his company do takes a lot of trial and error, and on the job learning. Figuring out what works and what doesn’t work when raising money can be a painful process, so can scaling a real estate business. Lucky for you, John shares his experience and knowledge on the show for free, so you can learn from his mistakes and successes. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Always be an integrity based business, do what you say you’re going to do, and be transparent” - John Rubino

John Rubino Real Estate Background:

  • COO/Founder of JID Investments
  • Among many responsibilities, John raises private capital for projects, resulting in investment of $16.6M+ with revenue of $8.9M+
  • Based in Washington D.C.
  • Say hi to him at https://www.jidinvestments.com/
  • Best Ever Book: How To Win Friends And Influence People

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1630_John_Rubino.mp3
Category:general -- posted at: 9:36am EST

Today we’re welcoming back James to share some passive investing knowledge with us. He recently wrote a book on the subject, and has spent a lot of his real estate investing career dealing with passive investors himself. If you are a passive investor, you’ll want to tune in and hear how to vet sponsors, deals, and other aspects to evaluate before handing over your hard earned cash. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Different asset classes have different timing requirements” - James Kandasamy

James Kandasamy Real Estate Background:

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1629_James_Kandasamy.mp3
Category:general -- posted at: 10:27am EST

Brent is back to share more great knowledge with us (see his first episode below). He is an investor in Detroit, focusing on the revitalization of the city. Brent excels at finding the areas of Detroit that are just beginning to turn around, and start buying before other investors catch on. How does he do it? Find out by hitting play. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“When you see young couple with kids and dogs in the area, and look completely out of place, you know there is something going on in that area” - Brent Maxwell

Brent Maxwell Real Estate Background:

 

  • Real estate investor whose personal and professional stories align with the recovery of Detroit
  • Has a passion for the “limping” sections of Detroit and helps people buy into a piece of the city’s recovery

 

 

  • Based in Detroit, MI
  • Best Ever Book: The One Thing by Gary Keller

 

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Direct download: JF_1628_Brent_Maxwell.mp3
Category:general -- posted at: 9:39am EST