Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.
In This Episode We Cover:How Joel started real estate back in collegeWhy he eventually moved his investing in Canada to AmericaHow he was able to come up with $32 million in fundsWhat a “hurdle rate” isWhy he considers his model to be conservative The kind of properties he’s buyingWhy he chose ScottsdaleInnovative strategies for finding dealsHow he “trades deals“How to get fixed-priced bids from contractorsWhy he’s made the move to commercial real estateWhy people avoid commercial real estateHow to evaluate strip mallsTips for analyzing commercial dealsFuture plans for his businessAnd SO much more!Links from the ShowWe are hiring!BiggerPockets ForumsBondBP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel OwensBooks Mentioned in this ShowThe Millionaire Real Estate Agent by Gary KellerShift by Gary KellerThink and Grow Rich by Napoleon HillThe Saint, the Surfer, and the CEO by Robin SharmaTweetable Topics:“It’s exactly the same thing, there is just more zeroes.” (Tweet This!)“In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)“Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)Connect with JoelJoel’s BiggerPockets ProfileJoel’s WebsiteJoel’s Company Website