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 backgroundHis first property in TexasTips for those investing out-of-stateThe benefits and dangers of buying properties virtuallyWhy he no longer does single family propertiesHow to qualify a marketMarkets that Joe thinks workTips on finding partners and funding dealsWhat exactly a master lease isHow to network and get people in a deal with youHow much money he puts in each dealHow they find their apartment dealsWhat a stabilized property isAnd SO much more!Links from the ShowBiggerPockets ForumsThe ONE Thing PodcastCoStarJF 82: House Hacking Tips Revealed (podcast)Tony RobbinsMalcolm GladwellTim FerrissBooks Mentioned in this ShowSet for Life by Scott TrenchReal Estate Investing for Dummies by Eric Tyson and Robert S. GriswoldRich Dad Poor Dad by Robert T. KiyosakiThe Driving Force: Six Human Needs by Anthony RobbinsCrucial Conversations by Kerry PattersonTweetable 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 JoeJoe’s BiggerPockets ProfileJoe’s Personal WebsiteJoe’s Company WebsiteJoe’s Podcast