Scaling: It’s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast, you’ll see firsthand how one investor went from a small handful of single family houses to purchasing over $130,000,000 worth of apartment communities in just the past few years. Our guest, Joe Fairless, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can’t afford to miss! In This Episode We Cover: Joe’s background His first property in Texas Tips for those investing out-of-state The benefits and dangers of buying properties virtually Why he no longer does single family properties How to qualify a market Markets that Joe thinks work Tips on finding partners and funding deals What exactly a master lease is How to network and get people in a deal with you How much money he puts in each deal How they find their apartment deals What a stabilized property is And SO much more! Links from the Show BiggerPockets Forums The ONE Thing Podcast CoStar JF 82: House Hacking Tips Revealed (podcast) Tony Robbins Malcolm Gladwell Tim Ferriss Books Mentioned in this Show Set for Life by Scott Trench Real Estate Investing for Dummies by Eric Tyson and Robert S. Griswold Rich Dad Poor Dad by Robert T. Kiyosaki The Driving Force: Six Human Needs by Anthony Robbins Crucial Conversations by Kerry Patterson Tweetable Topics: “I’ve never visited the house before I’ve bought it.” (Tweet This!) “The bigger dollars are in the value-add opportunities.” (Tweet This!) “You want to have customers before you have a product.” (Tweet This!) Connect with Joe Joe’s BiggerPockets Profile Joe’s Personal Website Joe’s Company Website Joe’s Podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related