My guest today is New Yorker Joe Fairless of Fairless Investing. I was really looking forward to this podcast because I get one question over and over again; “How do I go from investing in single family home, to investing in apartments?
I personally have seen a lot of real estate investors that made this leap from one to the other seamlessly. I have also seen folks that experienced disastrous results when going from single family to commercial investing. So today we will just ask someone that has done it successfully.
- Joe's background and how he got started investing in real estate
- Starting out with single family homes
- What made Joe decide to switch from single family homes to apartment buildings
- Joe’s first commercial deal; a 168 unit apartment building
- The huge part relationships play in his business
- Raising over a million dollars for his first commercial deal
- The importance of learning creative financing techniques
- The valuation process for commercial real estate
- Why mentors are critical since you are “playing in a bigger sandbox”
- Why coming to the table with credibility is critical for your business
- Where he found his last deal
- Gearing up for his next (even bigger) deal
- Joe’s best advice for someone wanting to make the switch from residential to commercial investing
- Books that had a great influence on his life
Resources Mentioned in this Show
Books that made a difference in Joe's life –
- The Road Less Traveled
- Crucial Conversations
You Can Listen to the Podcast Here
[podcast title=”Transitioning from Single Family Homes to Apartments”]http://traffic.libsyn.com/letstalkrealestateinvesting/JoeFairlessLetsTalkRealEstateInvestinge33.mp3[/podcast]
You Can Also Listen and Download from iTunes By ClickingHere.
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You can also call Joe at 347-409-3914.
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