Best Real Estate Investing Advice Ever
Summary: Are you ready for the best real estate investing advice ever? Welcome to the world's longest running, DAILY real estate investing podcast hosted by Joe Fairless. Joe went from buying $35,000 single family homes to controlling over $610,000,000 worth of large apartment communities in under a decade. Join Joe as he interviews flippers, renters, builders, passive investors, and many other successful professionals ready to give you their Best Ever advice without the fluff. Plus, tune in every Friday for a special episode as Joe shares his own real estate investing and personal development knowledge.
Beth is a real estate broker and an investor who owns 9 properties. She got into real estate investing in 2002 and later in life married her Husband who also had a few properties of his own. Beth shares some insight on how investors should reach out when looking to work with real estate brokers to find the best deals.
Zack Boothe owned a window cleaning business and use to listen to our show while working and now is on our show! Zack shares his marketing strategy to find deals that you can wholesale, flip, or hold for the long-term. He uses a unique system that helps him find 2,000 distressed property every week with just one 30 hr part-time driver who is driving for dollars.
Daniel Ramsey bought his first house at 24 and it was an investment property for me. Daniel’s journey as an entrepreneur took him on a path to hire his own Virtual Assistants to help him in his business and later discovering a need in the marketplace and decided to start MyOutDesk. He shares how valuable VA’s can be for your business and how it can double your business rather than just replacing a task.
Zach helps investors locate and identify properties that fit their goals; whether that is cash flow or long term appreciation. He explains how diversifying where your investment property is located can be beneficial. On average his clients have investment properties that are 900 miles from their residence. Zach also gives out some great lessons on what to pay attention to when buying properties.
Ken is a business owner who started out as a land broker and in 2008 he quickly learned how to adapt due to the economic downturn. Fast Forward to today and now he has developed a successful app called Legacy of Love, an app that helps connect kids with their parents. Ken also shares a story on how he went from purchasing a shopping center and searching for tenants to creating his own tenant.
William has been focusing his efforts on growing his Hybrid Turnkey Business and shares some of the benefits of having a successful business that purchases many deals a year including discounts with local contractors, plumbers, electricians, and materials. He also shares how he prepares to negotiate the terms of a bulk deal with a vendor. You would think it would be easy but it takes a lot of work and many no’s before he finds the right partner.
Returning guest Ryan Groene from episode JF1686 shares a great learning experience around partnering with the wrong group of individuals. Ryan explains how quick partnerships on a single deal or two is significantly different from partnering to grow a business. He shares 5 great questions he plans to ask before deciding to partner with a future individual and how important it is to get to know them at a more personal level.
Russ’s goal is to teach people how to build wealth without wall street. He shares the first step to building his client's wealth by looking at the five pillars; Building cash flow, Cash Value, Real Estate, Business, and Lending. Russ will change how you see life-insurance when most people have the Walmart shopping mindset of paying as little as possible with the hopes of big returns, he suggests the opposite and explains an old secret in Whole Life Insurance.
Theo Hicks shares the top states and cities with High Job Growth Markets in 2019. The information in this report is important to you because more jobs equal more demand for rentals. Listen to see if you are in one of the top job growth markets, and if you are, please let us know how this has impacted your business.
In this episode, Theo explains the communication process with your passive investors when you decided to sell your deal. Theo first gives you the outline of the process and then dives into each step into detail with you to make sure you are prepared to communicate with your investors when you are selling your own deal. He also explains the email templates Joe uses when he has sold his own deals and makes them available to you.
Bob Lachance is an Ex Professional hockey player who dived right into real estate investing with no experience. He took a leap of faith, by asking an investor if they needed help and from there his story began. He shares a valuable lesson from a mistake he made along the way that cost him $150,000 in one day. He is a good example of why you keep pushing forward, taking every mistake as a lesson, and staying open minded to discover what you will be good at.
Dustin Seyersdahl is an active real estate investor in Cincinnati. He started in real estate through contracting and eventually started flipping homes and falling on his face a few times. You will learn the lessons he learned from the early mistakes he has made. He also shares some of the reasons he has been able to rapidly grow his wholesaling business.
Pat Hiban is a returning guest and for those who don’t know Pat he is the owner of Pat Hiban Group with Keller Williams, Host his own podcast called “Real Estate Rockstars” and has a new book called “Tribe of Millionaires”. We discuss the importance of surrounding yourself with wealthy individuals who are not “yes-man”, people who peel back the onion and call you on your nonsense. You will be challenged and put in an uncomfortable situation but follow this advice and you will grow.
David Lecko is from Indianapolis and the CEO of Deal Machine. Deal Machine is a real estate investing app that puts you in touch with any property owner via direct mail, phone, and email. All you have to do is simply take a photo and you instantly see who owns it, then choose how you want to get in touch with the owner. David also shares how his app can help you hire drivers to help you find more properties.
Joel is a business owner, investor and a CPA who has completed 80,000 tax returns for clients in all 50 states. Surprisingly, he has yet to do a deal where he’s lost money. In this episode, he shares how he manages risk and talks about why it is important to be more focused on the margin of a deal rather than the top-line revenue figures.