The Best Ever CRE Show

As a syndicator and passive investor, it is important to know what to do once you find a deal. Today Joe and Theo explain the first parts of the due diligence process with apartment communities. For passive investors, you’ll want to know what your sponsor has done and see their findings in the due diligence as well as see their business plan for the apartment community. As a syndicator of apartment communities, it is important to not only perform the due diligence, but also be able to effectively communicate what you found to your passive investors. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “One of the first things you’re gonna do is finalize your income and expense assumptions”   Mentioned in this episode:   YouTube: 10 Documents Required When Performing Due Diligence on an Apartment Building   YouTube:  Costs for the 10 Due Diligence Items for an Apartment Building   Podcast:  JF1116: How to Perform Due Diligence on an Apartment Building #FollowAlongFriday   Podcast:  JF1130: Costs For The 10 Due Diligence Items For Apartment Buildings #FollowAlongFriday   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason has built multiple companies, most of which were started out a need he had. The focus of this interview is on his company, and our sponsor, Rentler. Rentler allows landlords to perform most or all of the duties you need to do on a daily basis. Not only can you perform credit and background checks, collect rent, list your rentals, and more, Rentler can also help automate a lot of tasks so that you can do less of the things you don’t enjoy doing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “1 in every 3 people in the state of Utah is a registered user on our site” - Jason Bangerter   Jason Bangerter Background: Entrepreneur and founder of multiple companies He loves to take the seed of a creative business idea and bring it to fruition. Started Rentler because he noticed that the rental industry served either tenants or landlords, but never both Based in Sandy, UT Say hi to him at http://tryrentler.com/bestever Best Ever Book: The Hard Thing About Hard Things   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor (and guest today): List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael and his team deal with large development projects and large apartment community owners. Michael, through the company Equicap, specializes in getting creative and financing tough situations that most other lenders will not touch. They also lend in normal situations, and can help almost anyone looking for capital for real estate. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “You have to look for hairy deals, that’s the best way that you can find golden opportunities” - Michael Chelala   Michael Chelala Real Estate Background: Entrepreneur who loves pursuing a great idea and turning it into a reality Director of Originations for Equicap, a real estate investment banking firm Able to effectively structure financing for complex real estate transactions Based in New York, NY Say hi to him at www.m-equicap.com   Best Ever Book: Like a Virgin by Richard Branson   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!   Learn more about your ad choices. Visit megaphone.fm/adchoices

Ramon got his start in real estate when he left the corporate world to be an entrepreneur. A large part of his success he can attribute to being able to identify what he is good at and sticking to where he is wanted. After multifamily investing in Miami didn’t work for him, Ramon tried the fix and flip model. Ultimately neither strategy was fulfilling, now he lends money to active investors, and loves it. Hear what he looks for before lending to an investor and why being able to put your ego aside and focus on your strengths is key to being a successful entrepreneur. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “That’s all you can do as a coach, you can’t do the work for them” - Ramon Gonzalez   Ramon Gonzalez Real Estate Background: Summitt Home Buyers, Chief Investment Officer Places capital with amazing operators that share the same core values 100% relationship based, looking to form and nurture long term relationships with partners Based in Miami, FL Say hi to him at www.miamimillionairemastermind.com   Best Ever Book: Unique Ability by Dan Sullivan   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Brent is an investor in Detroit, MI. That’s right, Brent invests in, makes money, and helps other investors make money in Detroit. The trick is finding emerging neighborhoods before they become “hip”. We may focus the conversation on Detroit today, but a lot of these tactics are applicable across the country. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “I’ve seen drawings where they take San Francisco and Boston, put them in Detroit, and there’s still enough space for another city” - Brent Maxwell   Brent Maxwell Real Estate Background: Real estate investor whose personal and professional stories align with the recovery of Detroit Has a passion for the “limping” sections of Detroit and helps people buy into a piece of the city’s recovery Based in Detroit, MI Say hi to him at http://www.ipsrealty.com/ Best Ever Book: One Thing by Gary Keller   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Nathan is on track to more than double his business this year and can track that growth down to a couple of big things. The first being knowing where the problems are, and addressing them with his team. In order to do that, a lot of smaller steps are involved, including listening to your team. Hear more about what it takes to lead an efficient team everyday in this #SkillSetSunday episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “I think it all starts with the problems” - Nathan Brooks   Nathan Brooks Real Estate Background: -Owner of Bridge Turn Key Investments -Flips about 150 properties a year, providing exceptionally high quality turn key properties -Recently started their own retail real estate team -Based in Kansas City, Kansas -Say hi to him at https://www.bridgeturnkey.com/   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthony read Rich Dad, Poor Dad while in a network marketing company and was hooked on real estate. After more research, he knew he wanted to acquire multifamily properties. In order to learn the business he became an apartment broker and is now purchasing properties with a focus on value-add. Hear what it takes to go from nothing to buying value add multifamily deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “People who own multifamily, they don’t get direct mail” - Anthony Palmiotto   Anthony Palmiotto Real Estate Background: Managing partner of Odyssey Real Estate Group Acquires value-add multifamily properties throughout New Jersey and surrounding areas Focuses on repositioning assets through better management and property renovations Based in Tom’s River, New Jersey Say hi to him at odysseyrealestategrp.com Best Ever Book: Rich Dad, Poor Dad Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today!   Learn more about your ad choices. Visit megaphone.fm/adchoices

For syndicators and passive investors, today’s episode is packed full content for you! A lot of this episode also applies to other real estate investors, because all of us need to build and maintain credibility. Being able to show alignment of interest when reaching out to potential money partners is HUGE. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “The world will tell you you are too young to do something, until one day it tells you you are too old”   Mentioned in this episode:   Carlos Vaz episode: JF1112: He Attributes Having The Right Mindset & Character to His Success with Carlos Vaz https://joefairless.com/podcast/jf1112-he-attributes-having-the-right-mindset-character-to-his-success-with-carlos-vaz/   How the General Partner Makes Money from an Apartment Syndication: https://joefairless.com/general-partner-passive-investing-apartment-syndication/   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Thomas has been a commercial broker who specializes in multifamily for years now. One of the first things we dive into is how a newbie investor can win over an apartment broker. From offering to pay for your broker’s time to knowing the market like the back of your hand, and more secrets revealed in this episode. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “Make small mistakes” - Thomas T Furlow   Thomas “T” Furlow Commercial Real Estate Broker - ‎Deaton Investment Real Estate, Inc. Has a diversified real estate background and has been a multi-family broker for more than 10 years Handles operations and general brokerage duties, working with sellers to market their properties for sale Consults investors on buying decisions Based in Raleigh, North Carolina Say hi to him at https://www.deaton.com Best Ever Book:The Bible and Halftime by Bob Buford   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices

Kenny has an extensive real estate background, and is just now starting to get into development, working on his first build now. Joe and Kenny discuss the politics, funding, and logistics of going from talking about a development to actually doing it. Even if you don’t ever want to do a development, the lessons Kenny has learned in this process that can apply to any real estate investor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “I think we’ll double our money in about 18 months” - Kenny Wolfe   Kenny Wolfe Real Estate Background: Owner of Wolfe Investments, a private equity real estate firm in multifamily, commercial, hard money loans, and property development Been involved with $95M+ worth of transactions, 2,374 multifamily units, & multiple commercial acquisitions Working on our first development property now Based in Plano, Texas Say hi to him at http://wolfe-investments.com/ Best Ever Book: Rich Dad, Poor Dad   Join us and our online investor community: BestEverCommunity.com   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with Rentler. Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to tryrentler.com/bestever to get started today! Learn more about your ad choices. Visit megaphone.fm/adchoices