RCRE - How to Scale Your Business with Joe Fairless

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

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5 • 831 Ratings

🗓️ 29 April 2020

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and co host Will Coleman interview Joe Fairless Co Founder and Partner of Ashcroft Capital. Key Information: When Joe first started he learned valuable lessons, for example your investments need to be well capitalized. You shouldn’t rely on the cash flow of the property for your capital expenditures. He was also not as focused on the quality of areas he invested in. He now focuses on deals that meet his medium income and crime requirements. As Joe’s business has grown he has brought on new team members on the acquisition and underwriting side. On the asset management side Joe has gone from working on the property himself to hiring a team that is still very hands on for the properties they are managing. Hiring is key when it comes to creating your company culture. Joe mentions that he asks himself “knowing what I know now would I hire this person” after they have worked for the company for a few months. If the answer is no, it may be time to go in different directions. Expert Pro Tip: The secret to living is giving. Contact Information: https://joefairless.com/passive-investors/ [email protected] To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Hey everyone, welcome to the one year anniversary of the RAN series show.
0:06.0	Super excited to be on this one year with Will and I.
0:09.9	We're super excited to have our guest on.
0:12.0	Will, I know you haven't been here for the full year, but what a ride it's been and super excited to have our guest on.
0:18.3	Super pumped.
0:19.1	Let's get it going.
0:20.2	All right.
0:20.6	Let's make it happen. Welcome right. Let's make it happen.
0:22.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:31.8	Hi, everyone.
0:32.8	Welcome to the RANCRE show.
0:34.8	I'm your host, Mike Tarvella, and I'm with co-host Will Coleman. Will,
0:38.9	how's it going? Howdy, Mike? Just run the marathon one step at a time and super excited to have
0:44.4	our guest on the show today. Yeah, me as well. And before we get started, though, we just want to
0:49.2	remind our guests and listeners that the RAN series show is sponsored by RAND commercial real estate, where
0:54.8	we help passive investors find opportunities to invest and also active investors financing
1:01.0	for their opportunities. So if you have any questions, please feel free to reach out at info
1:05.9	at rancere.com. Will, let's introduce the guest and get this show rolling.
1:10.8	Sure, so our guest probably needs no introduction, but our guest today is Joe Fairless.
1:17.0	He began his real estate career in 2013 and now controls $880 million worth of real estate.
1:25.0	Wow, with a portfolio of 4,269 units prior to that he was the youngest
1:30.5	vice president at an award-winning advertising agency in new york he is the host of the world's
	...

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