Joe Fairless has scaled his business since 2012 to more than $300 Million in assets. He focuses in the growing Texas markets with niche in stabilized value add projects. Joe’s most recent deal, 890 units, required an equity raise of $24,000,000. He raised that capital in just 7 calendar days!!
Relevant Episodes: (There are 110 Content Packed Interviews in Total)
Structure for Raising $9.5 Million Dollars in One Deal
Projected Profit Over $10 Million
Benefits of Scaling Your Real Estate Investment
Graduating from Duplexes & Triplexes to 200+ Unit Deals
Low Barrier to Entry into U.S. Real Estate Market
Reed came to the U.S. from Australia in 2012 to pursue a career in structural engineering and discovered that we have a much lower barrier to entry to begin investing in real estate here than back home. After buying a triplex and a few duplexes, Reed decided it would be much quicker to scale up his rents and values by buying hundreds of units at a time. Fast forward a few years and Reed now only buys large multi family assets exceeding a few hundred units per deal. We dissect his most recent acquisition on today’s show-a 253 unit building in San Antonio Texas which he is going to turn around and exit in about 5 years for more than a $10M projected profit.
Relevant Episodes: (There are 108 Content Packed Interviews in Total)
Hottest Markets with the Least Competition in the U.S.
Selecting the Right Team Members to Execute Deals
Institutional Investors-Target the Right Office
Details About Recent 253 Unit Texas Deal
More than the Money
Omar Khan comes from an institutional investment banking background, having advised on $3.7 Billion of capital financing & M&A transactions. He’s completed numerous multi-million dollar syndication deals and targets deal hold times of 3-5 years before exit. While most people talk about “raising the money” to do deals, Omar focuses much attention on the more important aspects of the deal during this episode: the Team who’s married to the deal for the 3-5 years. If you invest your money passively, you obviously better have a good deal to start with, but a top notch operating partner/team is ESSENTIAL to your money’s survival (let alone growth!!).
Relevant Episodes: (There are 107 Content Packed Interviews in Total)