Tuesday, April 24, 2018

Joe Fairless Pod Cast

Just listened to another Youtube interview where Joe Fairless was talking about how his deals work:

  • Looks for a 5 year internal rate of return of 20% to partners.
  • 8% preferred return to investors
  • last deal $5k per unit fix up
  • Rent increase $75 per unit after fixup
  • Wants a stabilized apartment 1980 or newer
  • with a value add component
To get started Joe says the steps are:
  • Education, establish a foundation
  • Set your goal
  • Get good at underwriting deals
  • identify 1 or 2 markets
  • Build your brand with investors with your website, business cards, logo
  • Start investor conversations
  • Get verbal commitment of interest for 130% of the money you need because some will drop out
  • Look for deals
  • Build relationships with brokers
  • Run the numbers on 100 properties
  • Start making offers
  • Do your due diligence
  • Close on property
  • Do Asset Management - he visits once a month even out of state

Sunday, April 22, 2018

Real Estate Rockstars to follow

Real Estate Rockstars to Follow on Twitter -
  • Joe Fairless
  • Grant Cardone,
  • Michael Blank
are on this list.

* from Bigger Pockets site:
After a long search, my wife and I connected right away with Mark and Tami Kenney of Think Multifamily in Dallas/Ft. Worth (DFW) market. We're fairly new to the MF game, but they're extremely supportive and genuine and will help you accomplish your goals any way they can.

@Gino Barbaro - also on Bigger Pockets

partment building syndication
​ - good place to start.​

Real Date Sample Reports - might work for a template if needed.

I don't use Michael's Syndicated Deal Analyzer that much any more. I have just moved on from there. We currently are using RealData's Pro spreadsheet.

Saturday, April 21, 2018

Joe Fairless

Joe Fairless Youtube channel - this is the guy who David Thompson was talking about that got him started in financing apartment buildings.

Joe Fairless Website - This is his website.

Apply to work with Joe - for $18,000 plus $250 per month. (the monthly fee is not bad).

Last year it was $9,000

Friday, April 20, 2018

Starting Out Syndicating Apartments

Looking to learn how to get into buying apartment the quickest way possible
Here I will keep track of my progress.​

Sunday, December 30, 2012