In today’s episode of The Art of Passive Income, Mark and Scott talk to Joe Fairless—host of the Best Ever—Real Estate Investing Advice podcast. His expertise is in commercial real estate and today he talks to us about multi-family apartments and why they make sense to him.
Joe shares great insight on:
- Looking for and creating opportunities
- A common mistake people make when looking to invest in multi-families
- His process on getting the money lined-up
- The difference between economic and physical occupancy
- Requirements for liquidity and net worth in order to get a loan
Also, find out why he gave up single family rental homes to do apartment communities and how the oil crisis in 2015 led to closing on a 250 unit building, resulting in substantial capital!
Joe has generously offered our listeners a spreadsheet which you can get by emailing him at info@JoeFairless.com.
Listen in now, as Joe gives us the BEST multi-family investing advice EVER!
TIP OF THE WEEK
Mark: Lean more about Joe by going to his site at JoeFairless.com.
Scott: Check out Calligraphr.com. It’s a tool that transforms your handwriting into a font.
Joe: If you are focused on apartment investing, then check out my resource guide by emailing me at firstname.lastname@example.org. The guide contains podcast, websites, books, blogs, etc. that may help you at your real estate investing.
Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?