Best Real Estate Investing Advice Ever with Joe Fairless

Pejman had a very interesting strategy flipping vacant lots, until banks refused to sell him property after they found out how much money he was making. He also had a unique way of looking at his money at a young age, he would not spend any money unless it was an investment that made him money. Pejman has a ton of tips for money, real estate, and business. You’ll want to hear this one! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You’re actually getting the equity back that you pay into the home” - Pejman Ghadimi

 

Pejman Ghadimi Real Estate Background:

  • Self made entrepreneur, best selling book author, and real estate investor
  • Three of his businesses collectively have grossed over $40M in revenue annually
  • Most recent best seller, Third Circle Theory, focuses on achieving a higher level of self-awareness and leveraging the power of entrepreneurship
  • Say hi to him at www.learnfrompj.com
  • Based in: Palm Beach, FL
  • Best Ever Book: The Alchemist

 

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Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1393_-_Pejman_Ghadimi.mp3
Category:general -- posted at: 9:08am EDT

Omar was working for a large company, helping raise $3.7 Billion as an analyst  during his time there. Today he takes what he learned there and applies it to his own company and real estate syndications. Omar branched out to do his own syndications, along with a partner, they are also building an underwriting software to give institutional underwriting to the average Joe’s. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!



Best Ever Tweet:

“You need to be in-depth, granular, and very sophisticated in how you look at things” - Omar Khan

 

Omar Khan Real Estate Background:

  • Manager at Boardwalk Wealth with 10 years of investing experience across real estate and commodities
  • Developing the next generation of multifamily, self storage and mobile home park underwriting software
  • Based in Dallas, Texas
  • Say hi to him at https://www.boardwalkwealth.com/
  • Best Ever Book: Thinking Fast and Slow

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1392_-_Omar_Khan.mp3
Category:general -- posted at: 9:19am EDT

A lot of investors or would-be investors never get their businesses off of the ground because of lack of funding. Nathan is here to tell us how to compete with other businesses that do have a lot of business. Nathan started Rentec Direct with no outside funding, or inside fundinge - other than minimal fees to set up the actual business, and grew it organically, to $3 Million in revenue for 2018. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“If you have a passion, go give it a try” - Nathan Miller

 Nathan Miller Real Estate Background:

 

 

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Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1391_-_Nathan_Miller.mp3
Category:general -- posted at: 3:20pm EDT

Chrstina is here to tell us how we can leverage traditional media to get more visibility. Her tips also help for gaining credibility as a newer investor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Don’t say you’re new to real estate, say you’re new to this company” - Christina Daves

 

Christina Daves Background:

  • Founder of PR for Anyone
  • Shows people how to get visibility using social and traditional media
  • Author of the bestselling book, PR for Anyone™ - 100+ Affordable Ways to Easily Create Buzz for Your Business
  • Say hi to her at http://prforanyone.com/  or at www.getpresstoday.com
  • Based In Washington D.C.

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1390_-_Christina_Daves.mp3
Category:general -- posted at: 2:25pm EDT

Most of this episode was inspired by someone who wrote Joe asking to intern. If you want to work for someone operating at a high level, listen to Joe’s tips on how to reach out to them. They also discuss other ways someone can get into syndication with little to no experience. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Good is no longer good enough, we have to be outstanding”

 

Mentioned in this episode:

 

JF1054: Getting Paid to Raise Capital Without Being a Broker-Dealer with Amy Wan

 

JF1353: How To Win Over An Apartment Broker (From An Apartment Broker) with Thomas T Furlow

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1389_Follow_Along_Friday.mp3
Category:general -- posted at: 1:05pm EDT

Marc is the Co-founder and CEO of a company that created a software to help automate the underwriting process. Enodo will save you time and money in your underwriting process by taking out a lot of the small, tedious tasks that right now, a human does. Hear exactly how his company may be able to help you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You’ll have the incremental revenue there to weather the storm” - Marc Rutzen

 

Marc Rutzen Real Estate Background:

  • CoFounder and CEO of Enodo, an automated underwriting platform for multifamily real estate
  • Enodo helps users analyze more deals in less time and make better investment decisions backed by data science
  • Based in Chicago, IL
  • Say hi to him at https://www.enodoinc.com/
  • Best Ever Book: The Lean Startup

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1388_-_Marc_Rutzen.mp3
Category:general -- posted at: 8:48am EDT

John was (and still is) an investor like the rest of us, who was struggling to understand and prepare for everything that came with getting a commercial loan. One day he went to a consultant who put his info into a program, tapped his fingers on the desk for a couple minutes, and said “you’re a go”. John’s life was changed now. John and the consultant teamed together to bring this program to more people, which is how commercial loan success was formed. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“You just saved them a lot of time and money in the initial process of getting to know the transaction numbers” - John Matheson

 

John Matheson Real Estate Background:

  • CEO of Commercial Loan Success
  • Commercial Loan Success is a Business Loan and Investment Property Analysis Software and Education Platform.
  • Based in Colchester, CT
  • Say hi to him, get a free chapter of their upcoming book, and a free demo of their software at http://web.commercialloansuccess.com/Best
  • Best Ever Book: Think and Grow Rich

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1387_-_John_Matheson.mp3
Category:general -- posted at: 9:38am EDT

If you ask Chad, the answer to the proposed question in the title, is to buy B class multifamily properties built between 1982 - early 2000’s. We’ll hear a better explanation and reasons why he believes this is the best way to invest in real estate with the least amount of risk. We also hear some difficult deals he’s had and how he was able to work through it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“Every single deal we carry has a 6 month mortgage reserve and we raise the capital improvement stack for the first 5 years” - Chad Doty

 

Chad Doty Real Estate Background:

  • CEO of 37th Parallel Properties Investment Group
  • 12 years of multifamily real estate investing experience & 10 years of management consulting experience
  • Close to $300 million in real estate transactions
  • Based in Richmond, VA
  • Say hi to him at https://37parallel.com/
  • Best Ever Book: The Goal

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1386_-_Chad_Doty.mp3
Category:general -- posted at: 12:47pm EDT

Ben has been building his real estate portfolio since 2010, and is here today to walk us through his process for evaluating and underwriting a value-add syndication. As an aerospace engineer, Ben is very thorough and methodical in his approach to underwriting, which is a fantastic as a listener looking to learn more about the value-add apartment syndication process. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“The cops were advised to stay away from the property” - Ben Risser

 

Ben Risser Real Estate Background:

  • Syndicator of commercial real estate and business consultant
  • Began building real estate business in 2010 and has syndicated $7 Million in commercial real estate
  • Based in Lititz, PA
  • Say hi to him on Facebook and LinkedIn as “Ben Risser”
  • Best Ever Book: Rich Dad, Poor Dad

 

A couple of notes from Ben:

 

“One thing I stated that I would clarify, regarding being conservative on rental upside.  I underwrite to a lower upside until I have more experience in a given market, or have collected a sufficient quantity and quality of data to increase the statistical confidence in the rental upside estimate.”

 

His revised “Biggest Mistake Ever in Real Estate” answer:

 

"Buying a fixer upper house, under the condition with your wife, that you'll renovate it to what she wants, and then having two more kids."

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1385_-_Ben_Risser.mp3
Category:general -- posted at: 11:41am EDT

As a practicing Periodontist, Jeff obviously had student loan debt. He also had a mortgage, both are paid off now. Jeff is here to tell us how he was able to do pay off all of his debts while also investing in real estate. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

 

Best Ever Tweet:

“If god didn’t want us to be in debt, that’s enough for me” - Jeff Anzalone

 

Jeff Anzalone Real Estate Background:

 

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

 

Made Possible Because of Our Best Ever Sponsor:

List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!

Direct download: JF_1384_-_Jeff_Anzalone.mp3
Category:general -- posted at: 12:23pm EDT