38: Best Real Estate Investing Advice Ever with Joe Fairless

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 3 July 2015

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#38: After running out of his own money for cash flowing single family homes, Joe Fairless turned to real estate syndication.

Listen to this week’s show and learn:

03:24 What to do when you've run out of money to buy property for yourself.

06:42 Joe worked a full-time job for less than minimum wage. Later, he invested $1,000 in a bank CD.

09:20 Starting out buying rental homes in Dallas-Fort Worth.

15:10 How to help ensure that a property manager treats you well.

17:47 A good explanation of a real estate syndication.

20:05 How Joe raised money for a 168-unit apartment building when he’s never owned any multifamily property before.

25:25 The kind of investor returns that are typical in a syndication.

32:03 100% LTV HELOCs on your primary residence are available at a major national bank.

32:55 Impactful message from a GRE listener.

36:28 Rich Dad Advisors appear on GRE next week.

Resources mentioned:

Equity Happens book

Quotiful app

The Social Capitalist book

JoeFairless.com and the Best Real Estate Investing Advice Ever podcast

InternationalCoffeeFarms.com (ICFC) One qualifies for the ICFC $1,000 discount per coffee parcel by e-mailing [email protected] & submitting paperwork to ICFC by July 31, 2015. An additional 30 days is allowed to fund.

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Transcript

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0:00.0	Get Rich Education is brought to you by International Coffee Farms. Own your very own parcel of a Panama Coffee Farm today.
0:13.0	Welcome to Get Rich Education with Keith Winehole, giving you information and ideas on the investment that has turned more ordinary people into
0:22.8	millionaires and billionaires than anything else and can provide you with more
0:28.0	wealth and happiness than you ever thought possible now here's your host
0:32.8	investor entrepreneur business owner, and educator, Keith Weinhold.
0:42.6	Welcome to Get Rich Education in Episode 38. I'm your host, Keith Weinhold. You probably know that by now.
0:50.0	With listeners in 126 World Nations, it's the show with the highest return on time invested for listeners.
0:58.2	It's the show where I help you live one of those lives where the passive income rent checks
1:03.1	roll into your life every month. It's the show where I help you be the best version of yourself.
1:09.1	It's the show where the host does more to describe the show
1:12.2	before the show begins than any other show you've ever heard. Hey, I'm a real person just like you,
1:20.8	and I'm sharing how the world is viewed through an investor's lens. Yeah, and you know, it would take a remorseless geography degree holder like me to bring you up to
1:32.1	speed on how many more world nations this show is heard in since the last time I told you.
1:38.5	Hey, well, on next Friday show, we'll have a Rich that advisor appearance again here on Get Rich Education,
1:45.3	and after that, I've got a lot planned, including where I'm going to bring a mortgage loan
1:50.5	officer right onto this show for your benefit.
1:54.0	And, you know, I'm just going to go ahead and ask him the questions that I think you
1:58.8	would ask him about how to get a loan for an income property
2:02.6	and often with as little money down as possible and how you can position yourself so that you
2:08.7	can get the best interest rates and loan terms. Well, so far on GRE, I've brought three providers
2:17.2	for a number of different actionable vehicles onto the show.
2:22.4	And I've featured turnkey investments on three different shows because I want to give you very specific information that you can act on.
	...

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