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Building a $30M Fund to Invest in Real Estate with Joel Sherlock

The BiggerPockets Podcast
2 min read
Building a $30M Fund to Invest in Real Estate with Joel Sherlock

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 bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

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In This Episode We Cover:

  • How Joel started real estate back in college
  • Why he eventually moved his investing in Canada to America
  • How he was able to come up with $32 million in funds
  • What a “hurdle rate” is
  • Why he considers his model to be conservative 
  • The kind of properties he’s buying
  • Why he chose Scottsdale
  • Innovative strategies for finding deals
  • How he “trades deals
  • How to get fixed-priced bids from contractors
  • Why he’s made the move to commercial real estate
  • Why people avoid commercial real estate
  • How to evaluate strip malls
  • Tips for analyzing commercial deals
  • Future plans for his business
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
  • “In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
  • “Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)

Connect with Joel

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Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.