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:

  1. Importance of value-add activities 
  2. What to know when evaluating a tenant and lease
  3. 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

– Best Ever Book: Halftime with Bob Buford  

For more information on Concordia Realty contact us here:

DISCLOSURES, LEGAL AND TAX COUNSEL: Concordia Realty Corporation is a licensed Illinois Real Estate Broker – License #478.006849.  Concordia Realty Corporation, Concordia Equity Partners LLC, Concordia Realty Management,Inc. (collectively “Concordia Realty”) and their affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction or undertaking. Concordia Realty and Concordia Equity Partners LLC highly encourage individuals and investors to seek the counsel of a qualified attorney as well as seek the counsel of a tax professional or Certified Public Accountant (CPA) to determine if there are any potential tax liabilities or consequences as a result of anything contained herein.  NO GUARANTEE: All users of this website should understand there are NO GUARANTEES of any success, outcome or profitability of any transaction or undertaking, expressed or implied by Concordia Realty, Concordia Equity Partners LLC or any of its members, shareholders, officers or affiliates and will NOT be liable for any financial or other losses or damages incurred as a result of any undertaking. Go HERE to view complete DISCLOSURES.