{"id":86173,"date":"2017-02-16T00:02:31","date_gmt":"2017-02-16T07:02:31","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=86173"},"modified":"2023-04-14T01:31:31","modified_gmt":"2023-04-14T07:31:31","slug":"bp-podcast-214building-30m-fund-invest-real-estate-joel-sherlock","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-214building-30m-fund-invest-real-estate-joel-sherlock","title":{"rendered":"Building a $30M Fund to Invest in Real Estate with Joel Sherlock"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Some investors buy a single house. Some buy a small multifamily. But today on The <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a>, we sit down with someone who jumped into real estate in a much bigger way! <strong>Joel Sherlock<\/strong> is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You\u2019ll learn why he went this route and how you can follow a similar strategy in your own business. You\u2019ll also learn about Joel\u2019s entrance into the world of commercial real estate, including the pros and cons of that niche. <\/span><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3913177606&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Building a $30M Fund to Invest in Real Estate with Joel Sherlock | BP Podcast 214\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/HfuNwQBhCMA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"http:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>How Joel started real estate\u00a0back in <strong>college<\/strong><\/li>\n<li>Why he eventually moved his investing in <strong>Canada to America<\/strong><\/li>\n<li>How he was able to come up with <strong>$32 million\u00a0in funds<\/strong><\/li>\n<li>What a &#8220;<strong>hurdle rate<\/strong>&#8221; is<\/li>\n<li>Why he considers his model to be\u00a0c<strong>onservative\u00a0<\/strong><\/li>\n<li>The kind of properties he&#8217;s<strong>\u00a0buying<\/strong><\/li>\n<li>Why he chose <strong>Scottsdale<\/strong><\/li>\n<li>Innovative strategies for <strong>finding deals<\/strong><\/li>\n<li>How he &#8220;<strong>trades deals<\/strong>&#8220;<\/li>\n<li>How to get\u00a0<strong>fixed-priced<\/strong> bids from contractors<\/li>\n<li>Why he&#8217;s made the move\u00a0to<strong> commercial<\/strong> real estate<\/li>\n<li>Why people <strong>avoid<\/strong> commercial real estate<\/li>\n<li>How to evaluate <strong>strip malls<\/strong><\/li>\n<li>Tips for <strong>analyzing<\/strong> commercial deals<\/li>\n<li>Future <strong>plans<\/strong> for his business<\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/jobs\" target=\"_blank\" rel=\"noopener noreferrer\">We are hiring!<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/bond.co\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bond<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/12\/05\/apartment-complex-investing-nnn-leases-and-commercial-real-estate-with-joel-owens\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2kTt65Z\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Agent<\/em><\/a> by Gary Keller<\/li>\n<li><i><a title=\"Shift Estate Agents Tackle Tough\" href=\"http:\/\/amzn.to\/2lkAF67\" target=\"_blank\" rel=\"noopener noreferrer\">Shift<\/a> <\/i>by\u00a0Gary Keller<\/li>\n<li><a href=\"http:\/\/amzn.to\/2kKRPH3\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Think and Grow Rich<\/em><\/a> by Napoleon Hill<\/li>\n<li><a href=\"http:\/\/amzn.to\/2kqOa59\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Saint, the Surfer, and the CEO<\/em><\/a> by Robin Sharma<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;It\u2019s exactly the same thing, there is just more zeroes.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22It%E2%80%99s%20exactly%20the%20same%20thing,%20there%20is%20just%20more%20zeroes.%22%20BP%20Podcast%20214%20biggerpockets.com\/show214%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;In the real estate sales world, as soon as you stop selling, you stop stop making money.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22In%20the%20real%20estate%20sales%20world,%20as%20soon%20as%20you%20stop%20selling,%20you%20stop%20stop%20making%20money.%22%20biggerpockets.com\/show214%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Getting started is the key. You don\u2019t have to be great to start but you have to start to be great.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Getting%20started%20is%20the%20key.%20You%20don%E2%80%99t%20have%20to%20be%20great%20to%20start%20but%20you%20have%20to%20start%20to%20be%20great.%22%20BiggerPockets%20show%20214%20%40biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Joel<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/HouseHarmony\" target=\"_blank\">Joel&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/sherlockandassociates.ca\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joel&#8217;s Website<\/a><\/li>\n<li><a href=\"https:\/\/househarmony.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joel&#8217;s\u00a0Company Website<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Show 214 Preview: Getting Started is the Key\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/hZp0Ax-FhIU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-86173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/86173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=86173"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/86173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118618"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=86173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=86173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=86173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}