BEST EVER Real Estate Investing Advice Show Interview with Joe Fairless and Concordia Realty’s Michael Flight
Joe Fairless is one of the most incredible American Dream stories you can imagine. In college, he taught pre-school, moved from Texas to New York and went into advertising. At an advertising agency in New York, he climbed the corporate ladder, rising from a junior project manager to a vice president before my 30th birthday. He was their youngest VP ever. Also performed stand-up comedy at Gotham Comedy Club in NYC. Decides to switch careers and just into real estate after owning 4 single family rental homes. His FIRST deal he raises $1,000,000 from private investors for a 168-unit apartment community. Now Joe controls more than $460,000,000 worth of multi-family real estate. He has written three books: Best Real Estate Investing Advice Ever Volume I; Best Real Estate Investing Advice Ever Volume II; and the Best Ever Apartment Syndication Book. Additionally, his podcast is fast closing on 2000 shows: Best Real Estate Investing Advice Ever Show and Joe maintains a blog which includes more than 1,300 helpful posts.
Advice Ever Show and Joe maintains a blog which includes more than 1,300 helpful posts.
Timestamped Shownotes:
03:04 – Michael Flight, CEO of Liberty Real Estate Fund LLC, introduces himself and Concordia Realty
07:18 – What value-add activities maximize success for properties?
12:14 – How to use tax increment financing
14:02 – What happens if a tenant declares bankruptcy?
15:16 – Steps of beginning a lease with a tenant
17:16 – When to use a bridge loan/development loan
18:10 – What to look for with real estate operating cost – all about location
19:55 – Main-and-main location
20:38 – What are the two most important demographics to know about a property?
3 Key Points:
- Importance of value-add activities
- What to know when evaluating a tenant and lease
- Location strategy of a successful property
BEST EVER Real Estate Investing Advice Show 924: SHOPPING CENTER Investing and Why Ugly is GOOD!
Try something new, purchase a shopping center! Our guest looks for value add shopping centers that are ugly, strange, underperforming, etc…and turns them around! Hear about an 8-year deal and how he turns low volume tenants into a booming location!
Best Ever Tweet:If your goal is to make a lot of money specialize in your niche and focus.
Michael Flight Real Estate Background:
– President of Concordia Realty Corporation and Concordia Realty Management, Inc.
– Base in Oak Brook Ilinois
– Say hi to him at http://www.concordiarealty.com/contact/
– Best Ever Book: Halftime with Bob Buford
For more information on Concordia Realty contact us here:
