Pillars Of Wealth Creation

Today’s guest Joe Fairless started out as working for Marketing companies in New York City, to investing in a few small houses, but then Joe did something most only dream of. He purchased a 160+ unit apartment complex. Since then Joe has not looked back. His company Ashcroft Capital currently controls over 3,000 apartment units throughout Dallas/Fort Worth and Houston. Joe is also the host of the popular Best Real Estate Investing Advice Ever podcast, which airs daily. In this episode we talk about partnering with the right people, forming and keeping relationships, being a master of of your game, having the right philosophies and much more. To get your free Apartment Resources Guide, email infor@joefailess.com. To learn more about Joe and his company go to investwithjoe.com and don’t forget to listen to Joe’s Podcast! This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

The management of your asset will be one of the most important factors to your success, so learning how to effectively manage the management will be critical. When you buy an apartment building you need to decide whether you will manage it or if you will hire that out. There are advantages and disadvantages to both and in this episode we will cover some of those as well as focus on Managing the Property Manager if you do decide to hire one. Either way, you will need to manage the people that are running the day to day operations of your buildings. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Kevin Ortner is the president and CEO of Minneapolis-based Renters Warehouse, the nation’s largest and fastest-growing residential property management company. Kevin talks about the successes of renters warehouse as well as the challenges they have had. Kevin openly talks about what it takes to be a CEO and maintain/sustain positive growth. Kevin has grown his Rent Estate holdings to build retirement savings and fund educational investments for his family. Since he has taken the helm at Renters Warehouse, the company has secured elite Honor Roll status on the prestigious Inc. 500|5000 list of fastest-growing private companies in America and earned a coveted spot on the list for seven consecutive years. Renters Warehouse now manages more than $3 billion in residential real estate, servicing over 18,000 properties and 13,000 investors in over 35 markets across more than 20 states. Reach out to Kevin on Linked In or reach out to Renters Warehouse at renterswarehouse.com. To attend the Midwest Real Estate Networking Summit on May 11th-13th at http://www.midwestresummit.com This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Value add is the hot topic in the apartment industry! Any time we can increase the overall cash flow of a building through raising income and/or decreasing expenses we are doing a value add. Some properties have hidden gems that are uncovered by creative owners and others are just about rolling up your sleeves and doing an old fashioned renovation. In this episode we cover the in’s and outs of value add real estate investing and why it is so powerful. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

John Casmon is working a full time job and building a large real estate portfolio at the same time. He has prioritized and sacrificed in order to achieve and succeed at a higher level. John talks about his valuable experiences and advice to getting into real estate. Check out his free gift to our listeners: https://gallery.mailchimp.com/1039ebd9858050d810f94c638/files/d6c636b7-0cd3-4e6a-8416-0b031dbe3928/21_Hacks_to_Find_the_Best_Submarkets.pdf John Casmon is the co-founder of Casmon Capital Group, a Chicago-based real estate investment firm. He controls over $18M in real estate holdings. As a marketing executive, he held budget and campaign accountability for General Motors, MillerCoors, and SC Johnson and was named one of the “Top Executives in Advertising and Marketing” by Black Enterprise Magazine. He serves on the Surge for Water Advisory Board and is the co-founder of Claudia’s House, an adolescent respite care facility. You can reach John Casmon at john@casmoncapital.com or targetmarketinsights.com To attend the Midwest Real Estate Networking Summit on May 11th-13th at http://www.midwestresummit.com This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Purchasing a $20,000,000 apartment building can be a daunting task. The biggest question that comes to mind is how do I buy a $20 million building when I don’t have $5-$6 million sitting in the bank? There are a few different answers to that question. In this episode we talk about syndicating a deal, what exactly that means and how to go about raising millions for an investment. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Andrew Campbell is a real estate entrepreneur who has built a $48,000,000+ portfolio of 466 investment units across Texas. He oversees capital improvements and asset management across the portfolio, and has been both an active and passive investor in multiple in-fill developments around Austin. He has been investing in Real Estate since 2010. Andrew is the co-founder and Managing Director of Wildhorn Capital, a Multifamily Syndication Company focused on buying value-add properties in Texas. He also founded Black Watch Tartan, LLC which owns and manages his personal rental portfolio. You can reach Andrew by visiting wildhorncap.com or email him at andrew@wilhorncap.com. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

The type of financing will depend on the type of deal, which we will briefly cover. If you are buying a stable building with 90%+ economic occupancy (paying tenants) and the amount you will finance is $1,000,000 or more, then the property may qualify for non-recourse agency debt (fannie mae or Freddie mac). If your building is in need of repair and has high vacancy, then you may need to go the local bank route or a with a bridge lender. There are 3 basic types of lenders: Local, national and conduit lenders. In this episode we cover the pro’s and cons of each and how you can qualify for a large apartment loan. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Rafik started his entrepreneurial life as a house flipper and single family rental investor. Through the years Rafik’s company flipped tons of houses and was on it’s way to owning 100 houses, when he was given advice from a mentor that changed the course of his company. Rafik was hit with a paradigm shift that changed his path to commercial real estate, where he now focuses his time and energy. Follow along as Rafik talks about his experiences and insight and discusses why going bigger was truly better for him and his companies. Say hello to Rafik at rafik@caspianrealty.com This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Listen to the audio version on your favorite podcast host: SoundCloud: https://soundcloud.com/user-650270376 iTunes: https://itunes.apple.com/us/podcast/pillars-of-wealth-creation/id1296372835?mt=2 Sitcher: https://www.stitcher.com/podcast/pillars-of-wealth-creation-2/pillars-of-wealth-creation Google Play: https://play.google.com/music/m/I7mvxwgaieh76mbukrqs4zgp34e?t=Pillars_Of_Wealth_Creation iHeart Radio: https://www.iheart.com/podcast/pillars-of-wealth-creation-28651794/ CastBox: https://castbox.fm/channel/Pillars-Of-Wealth-Creation-id1070576?country=us

Due Diligence can be very fun and at the same time can be very stressful and difficult. Due diligence is a very important part of the transaction. This is much more involved than a single family home or small multi-family and should be treated as such. You are going for a treasure hunt and your goal is to un-cover hidden gems or find the ugly blemishes. This podcast made possible by HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/channel/UCkg8Hggk…QySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Minnesota Real Estate Exchangors (MREE) is the real estate and business networking organization for real estate investors, property owners, licensed real estate professionals, allied vendors, and trusted advisors. In this episode we discuss the state of the market, trends that are positive and negative in the industry and mistakes made. The panel consists of both commercial and residential investors and agents who have years of experience. Say hello to Scott Miller with Keller Williams (651) 283-6803, Bill Lykken with Crown Senior Living (952) 913-8383, Ian Colville with Carpathian Capital at carpatiancapital.com and Todd Wilson with Thor Commercial at thormidwest.com. This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Now that you have found a deal and determined that it’s worth making an offer, we need to formulate the offer and present it. You will be either making an offer to a broker or directly to the seller. Before submitting your offer, you need to determine what your maximum offer will be – your strike price. You also need to decide the ideal price and how low you want to start. A lot of this will be determined by the market cycle and the competition involved. This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Todays guest Jeff Cohn owns and operates multiple businesses and has mastered the art of leveraging others and systems. Jeff's companies are integrated around each other all feeding off of each other to grow and become successful. Listen along as we talk about what it takes to be successful at a high level like Jeff. Say high to him at www.omahseliterealestategroup.com This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured

Underwriting is all about the numbers with a dash of common sense. The property that you are looking at will have a history of what current rents and expenses are and a story. One of the most important keys to a successful apartment deal is the purchase. You need to determine if it is a deal or not. The value of the property is based on the income that can come in and that’s it. Too often do we see people chase a deal, just to buy something or because it’s in a great area and they expect it to appreciate. When we see that, we wonder when that building will be coming back on market as a distressed asset for us or you to grab at bottom dollar and at a price that will work! This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured John Stiles is a licensed MN real estate agent with Bridge Realty. To learn more, check out John’s website: www.RealEstateStiles.com You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww

Are you working a full time job and want to build wealth? Todays guest Brian Doyle talks about doing just that. Brian and his wife both work full time jobs, yet find the time to invest in real estate on a very consistent and active basis. In this episode we discuss getting your finances right, being creative when you are looking to buy anything and being sure that you work with people that you can trust. You can connect with Brian at brian@doylepropertygroup.com This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at https://coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Thank you for listening to our podcast, don’t forget to subscribe and leave us a 5 star rating and review. Connect with Pillars Of Wealth Creation on Facebook: https://www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: https://www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ/featured