{"id":88793,"date":"2017-05-18T00:02:57","date_gmt":"2017-05-18T06:02:57","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=88793"},"modified":"2023-04-14T01:08:35","modified_gmt":"2023-04-14T07:08:35","slug":"biggerpockets-podcast-227single-family-houses-130000000-multifamily-joe-fairless","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-227single-family-houses-130000000-multifamily-joe-fairless","title":{"rendered":"From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Scaling: It\u2019s a term often tossed around in business and real estate, but what does it actually look like? Today on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a>,\u00a0you\u2019ll see firsthand how one investor went from a small handful of single family houses to purchasing over <strong>$130,000,000 worth of apartment communities<\/strong> in just the past few years. Our guest, <strong>Joe Fairless<\/strong>, has a great story that will show you how you can get started with larger multifamily properties, including several ways to find and finance those big deals. Whether you are looking for your first deal or a 250 unit apartment community, this is one show you can\u2019t afford to miss!<\/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=BIGPOC7983130885&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"From Single Family Houses to $130,000,000 in Multifamily with Joe Fairless | BP Podcast 227\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Lvqk4xOGRNQ?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><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-74647 size-gallery-block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-214x140.png\" alt=\"freshlogo\" width=\"214\" height=\"140\" title=\"\">A huge thanks as well to our sponsor <strong>FreshBooks<\/strong>.<br \/>\nFreshBooks customers spend less time on paperwork, freeing up <span class=\"tooltips\">2 days per month<\/span> to focus on the work they love. What would you do with that extra time?<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.freshbooks.com\/pages\/biggerpockets?ref=11568&amp;utm_source=bigger-pockets&amp;utm_medium=podcast&amp;utm_campaign=2015\" target=\"_blank\" rel=\"noopener noreferrer\">FreshBooks<\/a>.<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><a href=\"\/renewsblog\/wp-content\/uploads\/2015\/07\/patchofland.png\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-73681 size-full alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/07\/patchofland.png\" alt=\"patchofland\" width=\"214\" height=\"62\" title=\"\"><\/a>We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> Patch of Land<\/strong>. Patch of Land is a Peer-to-Real-Estate (\u201cP2RE\u201d) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/patchofland.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Patch of Land<\/a>!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>Joe\u2019s <strong>background<\/strong><\/li>\n<li>His <strong>first property<\/strong> in Texas<\/li>\n<li>Tips for those investing <strong>out-of-state<\/strong><\/li>\n<li>The <strong>benefits and dangers<\/strong> of buying properties virtually<\/li>\n<li>Why he no longer does <strong>single family properties<\/strong><\/li>\n<li>How to <strong>qualify<\/strong> a market<\/li>\n<li><strong>Markets<\/strong> that Joe thinks work<\/li>\n<li>Tips on finding partners and <strong>funding deals<\/strong><\/li>\n<li>What exactly a <strong>master lease<\/strong> is<\/li>\n<li>How to <strong>network<\/strong>\u00a0and get people in a\u00a0deal with you<\/li>\n<li>How much <strong>money<\/strong> he puts in each deal<\/li>\n<li>How they find their <strong>apartment<\/strong> deals<\/li>\n<li>What a <strong>stabilized<\/strong> property is<\/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\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.the1thing.com\/podcasts\/\" target=\"_blank\" rel=\"noopener noreferrer\">The ONE Thing Podcast<\/a><\/li>\n<li><a href=\"http:\/\/www.costar.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">CoStar<\/a><\/li>\n<li><a href=\"http:\/\/joefairless.com\/podcast\/jf82-house-hacking-tips-revealed\/\" target=\"_blank\" rel=\"noopener noreferrer\">JF 82: House Hacking Tips Revealed<\/a>\u00a0(podcast)<\/li>\n<li><a href=\"https:\/\/www.tonyrobbins.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tony Robbins<\/a><\/li>\n<li><a href=\"http:\/\/gladwell.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Malcolm Gladwell<\/a><\/li>\n<li><a href=\"http:\/\/fourhourworkweek.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tim Ferriss<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><i><a href=\"https:\/\/www.biggerpockets.com\/setforlife\" target=\"_blank\" rel=\"noopener noreferrer\">Set for Life<\/a>\u00a0<\/i>by Scott Trench<\/li>\n<li><a href=\"http:\/\/amzn.to\/2qsa3CO\" target=\"_blank\" rel=\"noopener\"><i>Real Estate Investing for Dummies<\/i><\/a> by Eric Tyson and\u00a0Robert S. Griswold<\/li>\n<li><a href=\"http:\/\/amzn.to\/2pTZV2L\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by Robert T. Kiyosaki<\/li>\n<li><a href=\"http:\/\/amzn.to\/2pU9PRI\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Driving Force: Six Human Needs<\/em><\/a> by Anthony Robbins<\/li>\n<li><a href=\"http:\/\/amzn.to\/2rqJ7Rn\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Crucial Conversations<\/em><\/a> by\u00a0Kerry Patterson<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;I\u2019ve never visited the house before I&#8217;ve bought it.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22I%E2%80%99ve%20never%20visited%20the%20house%20before%20I&#039;ve%20bought%20it.%22%20BP%20Podcast%20227%20biggerpockets.com\/show227%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;The bigger dollars are in the value-add opportunities.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22The%20bigger%20dollars%20are%20in%20the%20value-add%20opportunities.%22%20BP%20Podcast%20227%20biggerpockets.com\/show227%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;You want to have customers before you have a product.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22You%20want%20to%20have%20customers%20before%20you%20have%20a%20product.%22%20BP%20Podcast%20227%20biggerpockets.com\/show227%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Joe<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/joefairless\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/joefairless.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s Personal Website<\/a><\/li>\n<li><a href=\"https:\/\/www.ashcroftcapital.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s Company Website<\/a><\/li>\n<li><a href=\"http:\/\/joefairless.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">Joe&#8217;s Podcast<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Show 227 Preview: You&#039;re not going to get rich by buying...\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/MkaRfgTn948?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>Scaling: It\u2019s a term often tossed around in business and real estate, but what does it actually look like? Today on the BiggerPockets Podcast,\u00a0you\u2019ll see firsthand how one investor went [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-88793","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\/88793","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=88793"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/88793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118313"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=88793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=88793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=88793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}