214: Building a $30M Fund to Invest in Real Estate with Joel Sherlock

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 college

Why he eventually moved his investing in Canada to America

How he was able to come up with $32 million in funds

What a “hurdle rate” is

Why he considers his model to be conservative 

The kind of properties he’s buying

Why he chose Scottsdale

Innovative strategies for finding deals

How he “trades deals“

How to get fixed-priced bids from contractors

Why he’s made the move to commercial real estate

Why people avoid commercial real estate

How to evaluate strip malls

Tips for analyzing commercial deals

Future plans for his business

And SO much more!

Links from the Show

We are hiring!

BiggerPockets Forums

Bond

BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller

Shift by Gary Keller

Think and Grow Rich by Napoleon Hill

The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable 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 Joel

Joel’s BiggerPockets Profile

Joel’s Website

Joel’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

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 college

Why he eventually moved his investing in Canada to America

How he was able to come up with $32 million in funds

What a “hurdle rate” is
Why he considers his model to be conservative 

The kind of properties he’s buying

Why he chose Scottsdale

Innovative strategies for finding deals

How he “trades deals“
How to get fixed-priced bids from contractors
Why he’s made the move to commercial real estate
Why people avoid commercial real estate
How to evaluate strip malls

Tips for analyzing commercial deals
Future plans for his business
And SO much more!

Links from the Show

We are hiring!
BiggerPockets Forums
Bond
BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller

Shift by Gary Keller

Think and Grow Rich by Napoleon Hill

The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable 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 Joel

Joel’s BiggerPockets Profile
Joel’s Website
Joel’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices