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JP Moses

Your Host

JP Moses

Joe Fairless

Guest

Joe Fairless

Recorded:
May 17, 2017
3:00 PM Eastern

January 2015

  1. Sunday
  2. Monday
  3. Tuesday
  4. Wednesday
  5. Thursday
  6. Friday
  7. Saturday

Transitioning from Single-Family to Multifamily Properties

Would you live in a dinky, 2-bedroom apartment, with a roommate, for 9 or 10 years, working your way up the corporate ladder in order to fulfill your dream of becoming a real estate investor?

Sounds a bit outlandish, right?

But that’s exactly what Joe Fairless did.

After graduating from college, majoring in advertising, he moved straight to NYC to work with the big boys on Madison Avenue. Fast forward a few years and he became the youngest vice president of an NYC advertising firm. Yes, the money was good, but Joe’s heart wasn’t in it. He found it totally unfulfilling.

His goal was to move away from Corporate America and get into real estate investing, and he was willing to live beneath his means in order to do so.

He attended seminars, read books and received mentorship from people who had done what he wanted to do. By the time he left advertising in December 2012, Joe owned 4 single-family homes that produced a monthly income. It wasn’t enough to live off of, but it sure helped out considering he had no other income coming in.  

It was at that point that he created his real estate investing company, Fairless Investing.

But once he started dealing in single-family houses, he quickly realized there was no way to scale up quickly. (At least, no way to scale up in the magnitude that he envisioned.)

After 6 months of intense/fun/challenging/emotional rollercoaster stuff, Joe closed on a 168-unit apartment community. For that deal, he had to raise over $1,000,000 from private investors. There were 12 of them, and not one was a family member.

Today, Joe controls over $132,000,000 worth of real estate.

Does it sound like he might know what he’s talking about when it comes to real estate investing?

And, add to all of this that Joe loves to teach and share and help others. He hosts the world’s longest-running daily real estate podcast.

This interview with Joe is absolutely mind-blowing. All I can say is, he’s not your typical big-money-type investor. His passion is to give! And give he does. You’ll learn all about it right here.

Here’s a quick glimpse of my talk with Joe. Check it out…

On the Table for Discussion:

  • Joe’s early years living in NYC on $30k/year
  • His willingness to do without to see his dreams come to fruition (enduring putdowns and teasing from his cohorts)
  • His climb up the corporate ladder—and why it could not become his ultimate goal
  • Joe’s secret to living
  • Why and how he left his secure, high-paying corporate position
  • His decision to transfer from single-family to multifamily real estate
  • Ways in which he prepared himself for that big step
  • Steps you can take to do the same—what you need to know
  • Questions to ask to know if you’re ready
  • How to attract and deal with investors
  • Joe’s decision to teach, mentor and start his long-running podcast
  • How Joe gives back to society
  • And much more…

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