227: From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless

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

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