Ep #11: From ZERO prior real estate experience to owning 172 units in less than 1 year – with Joe Fairless

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Reit, Consultant, Syndication, Seniorliving, Retail, Kevinbupprealestate, Acquisitions, Realestate, Selfstorage, Donaldtrump, Assistedliving, Apartmentinvesting, Flow, Shoppingcenter, Kevinbupp, Coach, Investing, Kevinbuppflorida, Foreclosure, Realestateinvesting, Cashflowinvesting, Office, Business, Entrepreneur, Cashflow, Commercial, Real, Industrial, Education, Mergers, Trainer, Shortsale, Millionaire, Investments, Privatelending, Legacywealth, Funding, Podcast, Multifamily, Broker, Estate, Apartments, Commercialrealestate, Experts, Mobilehomeparks, Cash, Privatemoney, Valueadd, Hedgefund, Robertkiyosaki, Defaultedpaper

4.9 • 675 Ratings

🗓️ 9 March 2014

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Fairless is a real estate investor who specializes in multi-family apartments. Joe has a very unique story in that, he has only been investing in RE for a little over one year and prior to that he was a Ad man at a NYC ad agency.

He basically went from zero RE experience to owning/managing 172 units in less than one year. The most impressive part, is that with no prior syndication experience and none of his own money, he was able to raise the $1.3 million down payment needed to purchase a 168 unit apartment complex in OH.

In this interview, Joe shares with us the secrets to his success and how you can apply those same principles to your real estate business. Joe proves that it you don’t need your own large personal bankroll to get started nor do you need years and years of prior investing experience in order to move up to larger properties.

In this interview with Joe you’re going to learn:

· Why apartments are a much smarter play if your primary focus is monthly cash flow

· His strategy for raising the necessary capital to do his big apartment deal

· Why a mentor “someone who is already successful in this business” is so critical to your success

· Why it’s sooooo important to get that first deal done and create a track record for yourself

· And much more

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.3	Now, here's Kevin Bup.
0:30.8	Welcome, welcome, welcome to the show.
0:33.8	Kevin Bup here with episode number 11 of the Real Estate Investing for Cashflow podcast,
0:39.5	where our mission is to help you build and maintain massive amounts of cash flow
0:43.5	through income producing real estate investments.
0:45.9	Today on the show, we would like to welcome guest Joe Fairless.
0:49.9	Joe is a former New York City ad executive turned successful real estate entrepreneur and business coach.
0:55.8	And Joe has a very unique story.
0:57.7	He's somewhat new to the real estate business, but he has done a lot in the short period of time that he's been in the business.
1:02.8	But before we get on to Joe's resume, I'd like to tell you a little bit about how I met Joe and how he came about coming onto the show.
1:11.0	You know, on a weekly basis, I scour the internet for success stories of real estate
1:15.6	entrepreneurs that have, whether they're beginners or their season pros that have been in
1:19.0	business for 40 years, but look for people that we can bring on as guests to the show that
1:23.7	will bring you amazing, amazing content and share their success stories with us.
1:30.1	And in my searches, I ran across an interview that Joe had done with another real estate
1:34.4	podcaster.
1:35.1	And I don't remember the name of that real estate podcast, but it did capture my interest.
1:40.7	And the title of the podcast was quite intriguing.
	...

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