The Best Ever CRE Show

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Founder and CEO of QuantumRE Co-Founder of the $50 million Secured Real Estate Income Strategies Fund President and founder of Crowdventure, LLC, a real estate crowdfunding company Listen to his previous Best Ever Episode: JF435: Buying 1st and 2nd Mortgages and…CROWDFUNDING! Based in Newport Beach, CA Say hi to him at http://www.quantm.one/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Been investing in real estate for two years Bought and sold 150 properties Based in Denver, CO Say hi to him at www.theinvestormindset.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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Owner of Achieve Investment Group Multifamily Sponsor owning approx 1,000 units in Central Texas Area with a focus on value add deals Syndicate large Multifamily Apartment properties by raising money from accredited private investors Author of the new book, Passive Investing In Commercial Real Estate: Insider secrets to achieving financial independence available here: https://amzn.to/2WZiFPn Listen to his previous episode: JF1273: Deep Value Add Apartment Syndications with James Kandasamy Say hi to him at http://achieveinvestmentgroup.com/ Based in Austin, Texas Best Ever Book: Think and Grow Rich Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Listen to his previous episode: JF1357: Identify An Emerging Part Of A Down Market, Invest, & Make Money with Brent Maxwell Bought sold & Brokered 1,000 doors of Detroit real estate with a volume of over $30,000,000 since 2005 Based in Detroit, MI Say hi to him at http://www.ipsrealty.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. Learn more about your ad choices. Visit megaphone.fm/adchoices

For this week’s Follow Along Friday, Joe and Theo are answering another list of questions from a listener. This conversation can resonate with every level of investor because some of the tips and advice they offer are things we should always be working on, even if we consider ourselves real estate professionals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You have three paths to obtain the property, earn the money, partner with someone with money, or owner financing” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 6: Two more deal finding case studies Yesterday Theo talked to us and walked us through an example of cold texting to find an apartment syndication deal. Today, we get two more case studies of deal finding. One case study is from Joe on how he was able to secure a couple of deals over every other investor fighting for one of them. The other case study is with a previous guest, Daniel Ameduri on how he eliminates his competition in the market. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Free document for this episode: http://bit.ly/freedoc9 Daniels episode explaining his strategy: https://joefairless.com/podcast/jf1106-how-to-find-owner-financing-deals-with-daniel-amedu Best Ever Tweet: “If you have someone who wants to downgrade to a 1 BR, you can send them to your property across the street” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 5: Cold Texting Welcome back to syndication school! This week, Theo is wrapping up the series on “how to find your first apartment community”. Today he’ll be covering cold texting owners of apartment buildings and communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “To find owners who are motivated to sell, you have a few options” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Growing up, Pete watched his Grandma own a lot of real estate and seemingly do whatever she wanted to do. He set goals to be the same way when he grew up. As life so often does, Pete was thrown some curveballs. He found himself homeless, joined the Navy, and then started working on a fund and platform that allowed anyone to invest in real estate and reap the benefits. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “95% of seniors saw a 50% reduction in pain from using cannabis” - Pete Asmus Pete Asmus Real Estate Background: High performance real estate investor with a passion for creating smart investment opportunities for anyone, no matter their financial status. Raised over $10 Million last year for high end flips and small business start ups Based in Los Angeles, CA Say hi to him at [email protected] Best Ever Book: The One Thing Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode takes a little bit of a dive into the mindset and habits that are needed to take one’s self from a place you’re not happy with, to thriving both personally and professionally. We also hear about how to build large businesses and even open our own banks. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on the value, not the price” - Angelo Christian Angelo Christian Real Estate Background: CEO of Christian Financial 15 years of experience in the real estate industry Went from poor and living in his car to a self made millionaire Nationwide lender, one of the top leaders in Houston Based in Houston, TX Say hi to him at www.officialangelochristian.com Best Ever Book: Dream Big Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Aaron has been on before, this time he’s talking about how he is setting up his children to succeed after he is gone. This is important for obvious reasons, and some less obvious reasons. Hear why Aaron is doing this, and how he is able to do it for himself, and help others do the same. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They want to leave a legacy for their kids, but by the time the grandson takes over, it gets destroyed” - Aaron Chapman Aaron Chapman Real Estate Background: 21 year veteran of Real Estate Investment finance Ranked in the top 1% of his industry & #12 nationally for transactions closed Listen to his previous episode: JF1537: Grow A Huge Real Estate Business By Helping Others Get What They Want with Aaron Chapman Based in Mesa, AZ Say hi to him at www.aaronbchapman.com Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Paul had everything most newer real estate investors want; a large business with a lot of units and employees. He began to want something else however, cashed out and took up modeling in Asia! Now he and his family are back in the States and building another real estate business, hear why this time is better than the first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “No deal will go through perfectly and you have to plan on that” - Paul Nagaoka Paul Nagaoka Real Estate Background: Started studying no money down real estate at 12 years old Got started in real estate 14 years ago, purchased 350 units and had a team of 35 Based in Kansas City, MO Say hi to him at https://syndicatekansascity.com/ or www.howtoinvestinrealestate.net Best Ever Book: Never Split the Difference Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Social media. It consumes a lot of people at all times of the day. Today, Joe and Theo are answering a question sent in from a listener asking about social media and it’s importance for real estate investors, especially just starting out in apartment syndications. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “At this point in time in our culture, you’re not allowed to be closed off” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 4: 9 More Ways to Find Off-Market Deals Don’t need much description and intro here. We’re continuing last episode’s focus on finding off market deals. Let’s get to it! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you build a relationship with them, they might know and tell you who is looking to sell soon” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 3: The Main Way To Find Off-Market Apartment Deals Last week Theo began discussing how to find properties for you to syndicate. We heard about on market properties, now it’s time to start talking about off market properties. When it comes to syndicating large apartment communities, you will not be alone in your hunt for deals. Having a few different sources and avenues to explore can only help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of people who do direct mail campaigns will use online tools to build a list” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

From no job and submitting endless amounts of job applications to entrepreneur and financial independence, all in just 6 years time. Grant got his start by getting certified with Google Ad Words and hit the ground running, getting into real estate investing along the way. Hear how he was able to work his way up to a $500k income per year in a fairly short amount of time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I quickly learned what was most important to y buyers was to look good for their boss” - Grant Sabatier Grant Sabatier Real Estate Background: Creator of Millennial Money and host of multiple finance podcasts Writes about personal finance, investing, entrepreneurship, and mindfulness and has been featured in over 200 media outlets Based in New York City, NY Say hi to him at https://millennialmoney.com/ Best Ever Book: Art of Living Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Diego came to the United States as an immigrant with his parent when he was nine years old. He is a DACA recipient and is successfully working full time while building his real estate business. From his first house hack, to strictly investment properties, and even some AirBnb’s, Diego has a vast range of real estate knowledge to share with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Invest for cash flow, not hoping for appreciation” - Diego Corzo Diego Corzo Real Estate Background: 28 year old DACA recipient Bought first house at 23, started house hacking, now owns 18 doors Based in Austin, TX Say hi to him at http://diegocorzo.com/ Best Ever Book: Dot Com Secrets Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Steven is a returning guest who has built an incredible development business. One of his strategies is to build four unit buildings, rather than single family homes or large apartment buildings. He has been doing that for years and has a very large portfolio because of it. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Our goal is to be 1% cap rate higher than the market” - Steven Bond Steven Bond Real Estate Background: Co-founder of Fourplex Investment Group (FIG) FIG has sold over $400M in 6 years in and they have a turn-key multifamily investment vehicle for investors nationally and internationally Hosting The Intermountain Real Estate Investment Summit in February 2019 Listen to his previous episode: JF485: BYU Dropout Began During the RECESSION and WON! Based in Provo, UT Say hi to him at http://www.fig.us/ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex has a very specific way of investing, and he’s here today to tell us about it. He has seen a lot of success so far, and has also helped others do the same. Hear about his strategy in today’s episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I haven’t even been to most of the properties” - Alex Felice Alex Felice Real Estate Background: Invests in long distance single-family real estate Commercial banker in Las Vegas Owns 7 houses currently and is known for doing complete rehabs in just 8 weeks Based in Las Vegas, NV Say hi to him at https://www.brokeisachoice.com/ Best Ever Book: Sapiens Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe received an email with a lot of apartment syndication questions recently. He decided to make an entire episode answering the questions. The questions Joe will be answering are: I was curious about syndication deal structure. I'm curious what types of deal structures are typical as far as preferred return vs equity split? For instance, if you offer a 6% preferred return, what kind of equity split is reasonable? How does that split change if you move to an 8% preferred return? Also, length of investment. What's your experience with how fast investors are generally looking to get their money back? 3-5 years? 10 years? Lastly, refinancing. Does Ashcroft capital keep investors in the deal after refinancing and paying back initial capital? If so, does the equity split change at that point? Best Ever Tweet: “I want them to have significant upside for performing well on the deal” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 2: How to Find Apartment Deals From Real Estate Brokers A very obvious way to find deals: get a broker to bring you on market deals. That being said, it can be a lot easier said than done to earn a good broker’s trust. Theo has covered that in detail before, and will summarize on this episode. Then he’ll discuss how to get on their list for deals, because unlike residential shopping, there is no centralized MLS for large apartment deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If it’s a smaller brokerage, you should be able to contact the owner” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve covered a lot of the apartment syndication process so far. Now it’s time to start talking about actually searching for and finding that elusive first deal. We’ve talked due diligence, financing, raising money, and how to structure the GP & LP compensation. This episode will be covering the details of on market vs. off market deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Now you’re ready to find your first deal” Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

If you’re in a job that maybe you don’t love, Darrin was there too. Luckily, he came across the book Rich Dad Poor Dad and like so many of us, was turned on to real estate investing. He’ll walk us through his current strategies and how he got to where he is today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I want to make it as easy as possible to invest with as little risk as possible” - Darin Garman Darin Garman Real Estate Background: Investing in real estate for over 25 years Has been responsible for over $800,000,000 in apartment and investment property acquisitions Has raised over $70,000,000 in funds for different apartment investment properties Based in Marion, IA Say hi to him at http://www.heartlandinvestmentpartners.com/ Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Many entrepreneurs have the issue of writing big fat checks to Uncle Sam every year for income taxes. Dan was in that situation and knew that investing in real estate could help him keep some of his money, and make it earn more money too. We’ll hear more details on the overall benefits of real estate investing, we also get to hear a case study on a 130 unit property that Dan just recently closed on. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You have to go back to your underwriting, run the numbers and see what works” - Dan Handford Dan Handford Real Estate Background: Dan Handford is the founder and current president of five specialty medical clinics located throughout South Carolina He has investments in over $125,300,000 worth of real estate and currently has 1,353 apartment units in his portfolio located across the United States He is the founder of the Multifamily Investor Nation with 34 groups and 2,300+ members across the World He is also the co-host, along with his wife, of the daily podcast called Tough Decisions for Entrepreneurs Based in Columbia, SC Say hi to him at www.toughdecisions.net and www.handfordcapital.com Best Ever Book: The 10X Rule by Grant Cardone Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices

You know the name by now, he’s an in demand speaker and a best selling author. J is back to add more value to our lives, as always, this time having a discussion on the state of the market, and how to survive regardless of which part of the market cycle we are in. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of these things, house flippers should be doing” - J Scott J Scott Real Estate Background: Full-time entrepreneur and investor SInce 2008, J has bought, built, rehabbed, sold, lent-on and held over $40M in property Author of 3 real estate books, including the best-selling, "The Book on Flipping Houses," which has sold over 125,000 copies in 5 years Listen to his previous episodes: JF217: You Only Have ONE Chance to Make a Good Flippin’ Impression JF1209: The Interview On Negotiating Real Estate #SkillSetSunday with J Scott Based in: Washington D.C. Say hi to him at: http://www.123flip.com/ or https://www.biggerpockets.com/users/JasonScott Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com Learn more about your ad choices. Visit megaphone.fm/adchoices