Thu, 13 September 2018
MB 126: The BEST EVER Advanced Multifamily Strategies for Raising Money at Scale – With Joe Fairless
If you’re early in your career as a multifamily syndicator, a qualified team is essential in overcoming your lack of experience to go after larger, more lucrative deals. But how do you attract and align your interests with those prospective team members? And once you’ve established a track record of your own, how do you stay in front of your investors and continue to scale your money raising efforts?
Joe Fairless is Managing Partner with Ashcroft Capital, a national multifamily investment firm focused on major metropolitan areas. Joe has been investing in real estate since 2008, and to date, he controls more than $400M of real estate in the Houston and DFW regions. Joe is also the host of the popular daily podcast, Best Real Estate Investing Advice Ever, and the author of several books on real estate investing, including the newly released Best Ever Apartment Syndication Book.
Today, Joe joins me to discuss his impetus for writing the Best Ever Apartment Syndication Book and explain his belief in the Law of Reciprocity. He shares several of the advanced aspects of syndication outlined in the new book, including 4 ways to align interests with team members and pursue larger deals early on—in a safe way. Listen in for Joe’s insight on multifamily as a partnership business and learn his intentional system for staying top-of-mind with investors, adding value in a variety of ways on a regular basis!
Why Joe wrote the Best Ever Apartment Syndication Book
Joe’s 4 ways to gain credibility through aligned interests
Joe’s insight on real estate as a partnership business
Joe’s approach to staying top-of-mind with investors
Connect with Joe
Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks
The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
Tue, 4 September 2018
Are you still skeptical of the idea that you can build a real estate business using other people’s money? Or, maybe you don’t think that your network has access to the kind of capital you would need for a multifamily investment. Matt Faircloth argues that you simply don’t know where to look, and he is living proof that with the right approach, you can develop a robust real estate portfolio by raising private capital.
Matt is the co-founder of The DeRosa Group, a real estate investment firm headquartered in Trenton, New Jersey. Matt and his wife, Liz, have been investing in real estate since 2004, and they have vast experience with single family, multifamily, office and retail properties. Matt’s firm has completed more than $30M in real estate transactions involving private capital, and he is the author of Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money.
Today, Matt joins me to share his journey from house hacker to full-time real estate investor. He offers insight around taking capital from friends and family, educating your network on where to find the money to invest, and aligning with a seasoned partner. Listen in to understand the three different investment opportunities Matt offers through DeRosa Group and learn his transparent, jargon-free approach to raising capital.
Matt’s introduction to real estate
Matt’s transition to full-time real estate investor
Why it took Matt several years to find his niche
Matt’s shift to raising money from investors
Matt’s insight on taking money from friends and family
How to overcome a lack of track record
Matt’s advice for aspiring investors looking to partner
The three investment options Matt offers
The argument for real estate investment over other asset classes
Matt’s approach to raising capital
Where to find money in your own network
Matt’s three tiers of raising capital
Connect with Matt