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Ep #34 – Joe Fairless successfully made the jump from single family to multi-family real estate investing and controls over $54,000,000 of investment properties & consults investors on real estate investing.
Joe Fairless successfully made the jump from single family to multi-family real estate investing and controls over $54,000,000 of investment properties & consults investors on real estate investing. Joe hosts the popular radio program, Best Real Estate Investing Advice Ever Show.
Here’s some of what you will learn:
- What it takes to put a multi-family deal together, (It’s not income)!
- A look inside a 168 unit, $6.35 million deal in Cincinnati, OH.
- A creative strategy Joe used to avoid a million dollar prepayment penalty.
- What is a Master Lease with Option to Purchase?
- The importance of finding the best solution to the problem that the seller has.
- Strategies to raise equity from investors.
- A strategy to use to meet more potential investors
- Using name-check to successfully network.
- Smart strategies to use for smart partnering.
- Knowing the difference between economic and physical occupancy.
- What is a capital call? (and how to avoid it)
- How much should you keep in your Capex fund?
- The 3 expense categories real estate investors usually miss.
- Book recommendation: The Complete Guide to Buying and Selling Apartment Communities by Steve Berges.
- Book recommendation: How to Win Friends and Influence People by Dale Carnegie.
- Book recommendation: Best Real Estate Investing Advice Ever by Joe Fairless
Our Guest
You can learn more about Joe Fairless at: