Best Real Estate Investing Advice Ever Show Podcast

JF1014: Why Haven’t You Considered Crowd Funding Your Real Estate Deals?

Listen to the Episode Below (25:44)
Join + receive...
Best Real Estate Investing Crash Course Ever!

Imagine a Go Fund Me or Kickstarter campaign for real estate. That’s similar to what Patch of Land offers! Hear one of their sales leadership explain the process, break down how a deal works, and the growth they have seen recently at the firm.

Best Ever Tweet:

Ben Shaevitz Real Estate Background:
– Senior Vice President, Loan Production at Patch of Land
– Over 13 years of experience managing sales and customer acquisition in real estate lending organizations
– Spent 6 years at Bank of America as a top producer in third largest loan production office across 50 states
– Holds MBA in Finance from California State University, Northridge
– Based in Los Angeles, California
– Say hi to him at https://patchofland.com/bestever
– Best Ever Book: Do You by Russell Simmons

Click here for a summary of Ben’s Best Ever advice: http://bit.ly/2sBFaxp

Made Possible Because of Our Best Ever Sponsors:

Are you an investor who is tired of self-managing? Save time, increase productivity, lower your stress and LET THE LANDLORD HELPER DO THE WORK FOR YOU! Schedule Your FREE TRIAL SESSION with Linda at Secure Pay One THE Landlord Helper today.

Go to mylandlordhelper.com/joe to schedule your free session.

 

 

Joe Fairless: Best Ever listeners, welcome to the best real estate investing advice ever show. I’m Joe Fairless and this is the world’s longest-running daily real estate investing podcast. We only talk about the best advice ever, we don’t get into that fluffy stuff.

With us today, Ben Shaevitz. How are you doing, Ben?

Ben Shaevitz: I’m doing great, Joe. Thanks for having me.

Joe Fairless: My pleasure, nice to have you on the show. A little bit about Ben – he is the senior vice-president of loan production at Patch of Land. He’s got over 13 years of experience managing sales and customer acquisition in real estate lending organizations. He’s got his MBA in finance from Cal State, Northridge, and he’s based in sunny Los Angeles, California. With that being said, Ben, do you wanna give the Best Ever listeners a little bit more about your background and your current focus?

Ben Shaevitz: I grew up in a real estate family in Silicon Valley. My dad has been a real estate broker since the ’60s and my mom worked as a real estate agent for [unintelligible [00:03:12].23] for almost 30 years. I grew up sitting in open houses and learning from my parents the tricks of the trade, and just kind of fell in love with real estate from an early age.

After college, after moving to Hawaii for a brief stim to just chill out for a while I got my real estate license and immediately just dove right into it. I started working for Bank of America as a loan originator back in 2004. I worked there for seven years, worked my way up the corporate ladder there, and then I worked for another public entity (one of the largest lenders in the country) for seven years after that, and I decided to switch over to private lending, and have been with Patch of Land for almost a year and a half now.

Joe Fairless: What’s your responsibility with Path of Land.

Ben Shaevitz: I run the entire sales organization. I am responsible for running the sales team; I go to conferences all around the country, including yours in Denver just a month or so ago. I deal with new product launches, guidelines, processes and procedures… So pretty much a jack of all trades, but mainly focusing on increasing loan production and customer service.

Joe Fairless: And how long have you been at Patch of Land?

Ben Shaevitz: Almost a year and a half.

Joe Fairless: Okay, a year and a half. When you arrived to today, what have been the best ways to increase the loan production and customer service?

Ben Shaevitz: When I got there, Patch of Land was really still a startup. I had three loan officers when I came on board. We’ve not grown to 11, so we’ve almost quadrupled in just a year, and loan production has grown just as quickly along with that.

One of the ways that I felt was the best way to grow production was really training. It’s all about the customer; the customer has to trust what we’re doing and has to have faith that you have their best interest at heart, so I really feel that that is the heart of sales, and I think that that’s critical to building a long-lasting relationship, and that’s really what we’re trying to do at Patch of Land. We’re not looking for the one-off deal, we’re looking to build lifelong customers.

I really feel that training the existing staff and also bringing one seasoned real estate lending pros was the best way to grow the business, and then also traveling around the country, like I said, to conferences, and really establishing face-to-face relationships with real estate investors around the country.

When you’re at a conference perhaps there are other lenders that do similar things… How do you differentiate what you all do, compared to others?

Ben Shaevitz: Yeah, there’s plenty of lenders out there, that’s for sure. You can see that at any conference you go to. We all have fairly similar programs and fairly similar rates; again, I go back to their trust factor, and just the confidence that you’re gonna close the deal, whether your interest rate is gonna be a quarter percent higher or lower, or you’re gonna charge a half percent more or less… As a real estate investor myself, I think what’s more important to me is trusting that the person I’m working with has my best interest at heart, and that I have confidence in them that they’re gonna get the deal closed. That’s how I started to differentiate myself – I look people in the eye and I tell them, “Look, I’m gonna do what I say I can do, and if I can’t do something, I’m gonna tell you straight up; I’m not gonna string you along and give you maybes for a week.” I really try to be as transparent as possible in an industry that sometimes has a stigma associated with having a lack of transparency. That’s really how we try to differentiate ourselves from the competition.

Joe Fairless: And knowing some of those guidelines as far as “Hey, this isn’t gonna work” or “This is gonna work”, what are some common reasons why when you initially look at a loan package, why it wouldn’t work? What comes up most frequently?

Ben Shaevitz: Experience is big for us. That being said, we do work with first-timers. Profitability of the project… A lot of times we’ll see a deal where somebody’s purchasing a property – just to use easy numbers – for $100,000, it got 25k of rehab and then when you add in the carrying costs and things like that, even though the ARV might be 175k, by the time they’re done with their interest payments and sales commissions to realtors and things like that, the deal really has no profitability. So even though we could do a loan and we could earn a commission on that, we really try to help guide our real estate investors and say, “Look, there’s not a lot of profitability in this deal, and it’s probably not in your best interest to move forward.” Then, ultimately we leave the decision up to them.

That’s one of the things that comes up quite a bit – that there’s not a lot of profitability in the deal. There’s also markets where the average days on market might be 180-200 days… So in the unfortunate event of default, we do have to look at the liquidity of the property in a foreclosure scenario.
Other than that, we are a pretty flexible company in terms of underwriting. We try to underwrite from a makes-sense sort of perspective, and even with first-time investors, that they have good credit and the deal makes sense. We might require a little bit of a larger down payment, but we’re still willing to work with them.

Joe Fairless: And as far as the makes-sense scenario, what’s a typical loan terms that you all provide?

Ben Shaevitz: Generally, it’s a purchase and rehab loan. We’re gonna do anywhere from 75%-85% of the purchase price, and 100% of the rehab funds. So if we have an experienced customer that’s done more than five flips in the last three years and it’s in a good, liquid market with a lot of good comps, and we feel that the borrower is getting into a successful project, we’re almost always gonna lend 80%-85% of the purchase price and 100% of the rehab funds.

Joe Fairless: I wanna take a step back… Both of your parents were real estate agents for decades; you got your real estate license – why not go down that path?

Ben Shaevitz: It was kind of just about the opportunities available. I felt that I was in a situation where I wanted to start earning immediately, and becoming a realtor can sometimes be somewhat of a long process in terms of when you can start earning. Also, no one wants — well, not no one, but I personally didn’t wanna do exactly what my parents did. I had an interest in real estate, but I kind of wanna do something a little bit differently. I had a mentor of mine who knew the branch manager at the Bank of America location where I started, and I went and interviewed and I really liked the atmosphere and the environment and the people that were working there. So I started there, I gave it a shot and I just loved it.

Joe Fairless: Now I wanna transition back to the present. You’ve mentioned earlier the confidence of closing being key, and it really is… I interviewed someone who I believe you met at the conference – Mark Mascia. His company has a little over 500 million dollars in assets. He primarily does medical and retail.

I interviewed him in episode 599, and he talked about a deal where he went with a different lender than he was used to. It came down to closing, they backed out, and he was out not only 200-250k worth of earnest money and due diligence costs, but also he wasn’t able to close the deal because they went with someone else, or something happened where he lost the deal entirely. That’s Armageddon for a real estate investor. Is that something that you heard of, or do people come to you all after something like that has happened?

Ben Shaevitz: Yeah, we get people who come to us because their current lender fell through all the time. If it’s a reputable lender, I’ll say to myself “Well, why didn’t the lender close? Was there a good reason?” Or a lot of times we’ll get people that came from a conventional lender and they were buying an investment property through a conventional lender and it came down to it right to the closing and their debt-to-income ratio went up for whatever reason and they weren’t able to close, or some of their funds were coming from gift funds, or whatever it is. In the conventional lending world it’s very strict. I spent a decade and a half in there, so I know exactly what that’s all about. We do get some people that come to us where their deal fell apart at the last minute, and that’s where we can really provide a really valuable service, because we’ve closed loans in as little as three days. Our average turn time is probably about 7-10 days.

So yeah, we get people that come to us all the time saying another lender couldn’t close, and I have to admit that I am a bit skeptical at first, and that’s why I’ll really take a deep dive into the deal with my head of underwriting, who’s been in the business for 35 years. If it looks like it was an error on the lender’s part, then we’re absolutely willing to move forward. If it looks like it was a reputable lender and they found something that if we found we wouldn’t lend either, then obviously we’re gonna take the proper course of action to protect ourselves and our investors.

Joe Fairless: You mentioned earlier training is a key component to increasing loan production and having quality customer service. What type of training do you all do?

Ben Shaevitz: We do a weekly call monitoring call where I take my entire sales team that’s in the local office and then my external loan officers as well and we listen to phone calls; we listen to good calls, we listen to bad calls, we make sure that every lead is given the same consideration regardless of the lead source. Every lead is valuable, you never know who you’re talking to on the phone, regardless of how they may sound or where they’re from or their experience or anything like that. We try to treat everybody with the same level of respect, and as I said before, we’re trying to earn lifelong customers and referrals, and that’s the way to do it.

So we do a lot of call monitoring, and that’s really what I found in my entire career to be the most effective form of training.

Joe Fairless: Oh yeah, that’s case studies every single week. What are some opportunities for improvement that you typically find in a “bad call”?

Ben Shaevitz: I think a lot of times loans officers will hear one thing and they’ll immediately assume there’s not a deal there. A guy will say, “Oh yeah, if we don’t lend on, for example, a mental health facility or a gas station, or some kind of off the beaten path commercial property”, they’ll go “Yeah, sorry, we don’t lend on that. Thanks so much for calling Patch of Land. Goodbye.” When I get a sales call like that I say “Yeah, I’m sorry, we don’t lend on that type of asset. What else are you working on?” Because a lot of times a guy will come to you with a property that you can’t finance, but he might be working on another deal or another five deals that you can finance, or he might have a brother or a cousin or a friend or a parent that does have a deal that you can work on.

I think that giving every call the opportunity is really key, because if you shut a call off too quickly, 1) they’re not gonna think very highly and your brand isn’t gonna get built in the way that you want, it’s not gonna get the proper respect throughout the real estate community, and 2) there might be a deal there.

Joe Fairless: That’s a tip for every real estate investor that is working with someone who calls them and if there’s not an opportunity on the face or on the surface, then perhaps asking a couple right questions and probing a little bit beneath the surface…

Ben Shaevitz: What I tell my guys is “You’re sales people, you’re not order takers.” Anybody can take orders, anybody can say “Okay, what’s your project? Oh, it’s a hospital… I can’t do it. Okay, bye.” That’s not sales. Sales is probing and building rapport with the customer and finding out what the entirety of their involvement is with real estate investing. Most people, if you dig a little bit deeper, there’s something that you can help them with or something you can help them with in the future.

Joe Fairless: Do you have a built-in component that generates word of mouth referrals or a way to get the word out from existing clients or customers?

Ben Shaevitz: We do from time to time offer a referral program; we’ll do a monthly special, like “Hey, if you refer somebody, you’ll get the appraisal fee waived from your next deal”, and things like that. Other than that, for word of mouth it’s really (as you probably know) traveling the conference circuit; that’s really the best way in terms of building the brand, I feel, for us.

We’re at 3-4 conferences a month, and I really feel that that’s the best way to build the brand. Obviously, it taking care of customers and getting their deals closed is the best publicity you can possibly do, and I believe it’s 67% of our customers repeat, and the average repeat customer repeats four times per year. It’s a pretty incredible stat, and it just goes to show that if you treat customers the right way and you keep your word, they’re gonna come back and again.

Joe Fairless: What’s your conversation like at a conference with someone? How do you approach that?

Ben Shaevitz: Whether it’s a broker or a borrower, I go back to this again and again – I look them in the face and I tell them, “Listen, what I’m telling you is the way it is. You’re gonna talk to ten lenders today, but I want you to know that when you speak to me, the thing that I’m telling you is the truth. When you e-mail me, I’m gonna e-mail you back in five minutes. I’m gonna answer your phone call when you call, and if I can’t, I’ll get back to you as soon as possible.

My first manager when I worked in conventional lending – he had three rules to being a successful salesperson: treat people the way you wanna be treated, under-promise and over-deliver, and return calls promptly. I’ve honestly lived my entire career by those three rules, and it hasn’t failed me yet.

Joe Fairless: Three golden rules really, and I can see how those make sense. What about e-mails? Same thing with e-mails?

Ben Shaevitz: Absolutely. I’m on my e-mail from literally [5:30] AM until [11:30] PM. What would you rather do, Joe? Would you rather pay 9% and never be able to get a hold of your guy and not know if you’re closing and get nervous about your transaction, or would you rather pay 9,25% or 9,5% and be able to get a hold of your guy 24 hours a day and have great confidence that he’s taking care of you, and that he understands that there’s other people at the other side of the transaction, it’s not just his commission? There’s actual people with earnest money deposits down, and there’s realtors depending on the commission… It’s not all about the salesperson, there’s a whole community out there that’s depending on the transaction to close.

Joe Fairless: Oh, absolutely. That is one of the top 3-5 characteristics that I must have in a business partner: being able to communicate with them quickly and get in touch with them quickly. My business partner and I are really good at that with each other, and then also with our investors. I’ve had business partners not from an as high degree of a business partner I have with Frank, my current one, but in certain deals or one-off things, and it’s just terrible when you can’t get in touch with someone you need to. And as you said, earnest money is going hard and you’ve got all these other things… Because it’s not a paint-by-numbers approach when you close a deal. There’s all sorts of left and right turns, and you’ve gotta be able to communicate to make sure that everyone’s moving in the same direction.

Ben Shaevitz: Yeah, agreed. I really think that’s true in any business, but I really feel that it’s especially true in real estate where they paid for an appraisal, they have an earnest money deposit down… I really feel that it’s critical to be totally transparent with whoever you’re dealing with.

Joe Fairless: Based on your experience in real estate and on the lending side, what is your best advice ever for real estate investors?

Ben Shaevitz: My best advice ever for real estate investors would be to not chase the trend. I think that if you’re chasing hot markets, if you find out that a market’s hot, it might be too late already. Also, to not overextend yourself. Make sure that you have 12 months of reserves in the bank in case something happens with your job or with another investment going bad.

I feel that overextending yourself is probably the worst thing that any real estate investor can do, so I would really caution people to know what all their costs are going to be, whether it’s interest, taxes, homeowner’s insurance, repairs… Do your due diligence and make sure that you have the requisite reserves in the bank to weather the storm in case (god forbid) anything happens.

Joe Fairless: On the “Don’t chase the trend thing”, the first deal I bought with my business partner is a 250-unit in Houston, and it was in August 2015. The headlines at the time – every news organization, every newspaper was talking about how oil was never gonna come back. If you’re in the oil industry or if you’re in Houston or anywhere near, or even if you have a relative in Houston, you’re gonna be in trouble. [laughs] And we closed on that deal in August 2015, when nobody else was buying there at all. We bought it for 14.1 million, put in two million. Last December (so about 16 months later) it appraised for over 21 million dollars, and that’s because — a lot of variables, but one of the main variables is we were contrarian investors. We invested in Houston at a time when every single news channel was saying “Oil will never come back.”

Ben Shaevitz: My personal real estate investment is a little bit of a different story. I made the mistake of chasing a trend; I was very young and I had just started making some money, and downtown L.A. was exploding. I bought a new construction, a condominium with huge HOA fees and a mortgage and six-and-five-eighths percent amortized over 30 years. It was a mistake. If you chase a trend like that… Everyone says “Oh, this area is blowing up!”, the people that are telling you that got in way before you did, and it’s probably too late.

Joe Fairless: Yeah… Conversely, I can tell you two deals that have not gone that direction with some single-family home stuff, but this interview is about you, not me, Ben. Are you ready for the Best Ever Lightning Round?

Ben Shaevitz: Yeah, absolutely.

Joe Fairless: Alright, let’s do it. First though, a quick word from our Best Ever partners.

Break: [[00:20:00].10] to [[00:21:02].15]

Joe Fairless: Ben, what’s the best ever book you’ve read?

Ben Shaevitz: One of my favorite books of all time that I’ve read was by Russell Simmons, a music mogul and entrepreneur; it’s called Do You! It teaches you that you don’t need to take a traditional path to wealth, and it also teaches you to stick to your ethics and morals, and basically treat people the way that you wanna be treated and you’ll be successful.

Joe Fairless: Best ever deal you’ve done, either with Patch of Land or personally?

Ben Shaevitz: I invested in some rental properties (multifamilies) in a college town in Texas, and I feel like investing in college towns is really…

Joe Fairless: Which one?

Ben Shaevitz: It was in Texas [unintelligible [00:21:39].14] I can’t remember the name of it.

Joe Fairless: Lubbock! That’s where I went to school.

Ben Shaevitz: No way!

Joe Fairless: Yeah, I’m a Red Raider.

Ben Shaevitz: That’s awesome. Yeah, back in 2004-2005 we invested in a couple pretty inexpensive rental properties there; we fixed them up a little bit, rented them out for a couple of years and made a pretty nice little profit.

Joe Fairless: Sweet. How did you hear about those properties?

Ben Shaevitz: A friend of mine who works in my office… He was checking out some college towns; we looked at a few different ones, and then we decided on that and it ended up being a really good decision.

Joe Fairless: Sweet. What’s the best ever way you like to give back?

Ben Shaevitz: I like to mentor young real estate entrepreneurs, whether it’s [unintelligible [00:22:18].09] investing in properties, or people who wanna get into the lending business, or property management, or any aspect of real estate. I like to speak to the younger people, the next generation of real estate investors and just kind of teach some of what I’ve learned, whether it was from good experiences or bad.

Joe Fairless: Speaking of bad experiences, what’s a mistake you’ve made on a deal?

Ben Shaevitz: I will refer back to my previous story… That condo in downtown L.A. I feel like I chased a trend and I made a mistake. I think that people should really focus on stable markets, not on sugar spike markets.

Joe Fairless: And where can the Best Ever listeners get in touch with you, Ben?

Ben Shaevitz: They can call us at Patch of Land. They can go to our website, PatchOfLand.com. We actually have a special landing page just for this – you can go to PatchOfLand.com/bestever. Our phone number is right there on our website; they can give us a call. We’ve got a team of ten loan officers there that will handle their request pretty much 24 hours a day.

Joe Fairless: Ben, thank you for being on the show. I love talking sales with you. The primary way that you have grown the business — you mentioned a handful, but one of them is training, and having one tactical thing, the weekly call monitoring where basically you’re doing real-life case studies. One of the lessons learned within that is if you hear one thing, don’t assume it’s not a deal; you want to ask another question, a follow-up question… Holy cow, is that applicable to everyone who’s taking leads via a phone call. Every fix and flipper on this call who has a motivated seller or a non-motivated seller (ever better), what other opportunities do they possess that maybe they don’t even know about? So asking them the right questions…

And then also the three rules to sales that you shared earlier, that your mentor shared with you, that you’ve adhered to… 1) Treat others like you wanna be treated. 2) Under-promise, over-deliver. 3) Returning calls and e-mails promptly, especially if you’re on e-mail as frequently as you are, firing away. So thanks so much for being on the show…

Oh, and lastly, don’t chase a trend – that’s a big one, too. We don’t follow a shiny object, but we want to…

Ben Shaevitz: Yeah, absolutely. And just before we close out, I just wanted to give the phone number. Embarrassingly, I did have to log on to our website to check it. [laughter] It’s 888-959-14-6, and you’ll get one of our friendly loan officers on the phone.

Joe Fairless: Yeah, and one thing I noticed is when you call that number, it says “This call will be recorded”, so they tell you that it’s gonna be recorded, which is appreciated. That’s funny… I called earlier, because we had some tech issues earlier; I called them and they were like “This is being recorded”, and I was like, “Oh, I haven’t heard that in a while.” Now it all comes full circle, because I see what you do with these calls.

Thanks so much for being on the show. I hope you have a best ever day, Ben, and we’ll talk to you soon.

Ben Shaevitz: Thanks so much, Joe. I really appreciate it.

Subscribe in iTunes and Stitcher so you don’t miss an episode!

https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

JF602: Not Your Typical Crowd Funding Platform and Why They are Different

Listen to the Episode Below (25:53)
Join + receive...
Best Real Estate Investing Crash Course Ever!

Today’s guest claims that his crowd funding source is the one and only accredited and non accredited investor backed lending source. He’s also one of the fastest approvers of a loan you need. Tune in and hear today’s opportunity to be a borrower or an investor!

Best Ever Tweet:

Brian Dally real estate background:

  • Co-founder and CEO of GROUNDFLOOR
  • Started a wireless company called Republic Wireless and built
    it as a division of Bandwidth
  • Has a JD from Harvard Law School, an MBA from Harvard Business
    School and a BA with Highest Distinction from University of
    Virginia
  • Based in Atlanta, Georgia
  • Say hi to him at: https://www.groundfloor.us/about

Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. 

Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com

Need financing?

Are you a buy-and-hold investor or doing fix and flips?

I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers.

Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:

https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes and Stitcher so you don’t miss an episode!

JF592: He Scrambled to Raise Capital for this Deal #situationsaturday

Listen to the Episode Below (24:07)
Join + receive...
Best Real Estate Investing Crash Course Ever!

Today’s guest needs no introduction, and he’s about to share with us a sticky situation that tight hugs m a most valuable lesson, always be raising private capital. Hear this episode and begin raising money for your next investment!

Best Ever Tweet:

Nav Athwal real estate background:

  • Co-founder and CEO of RealtyShares, an online marketplace for Accredited Investors to securely invest as little as $5,000 into private real estate investment properties
  • REaltyShares has done over 320 invsetments and raised over $160 million through the platform
  • Guest Lecturer to UC Berkeley Law
  • Electrical engineer turned attorney turned real estate entrepreneur based in San Francisco, California
  • Say hi to him at realtyshares.com
  • His best ever advice can be heard here: https://joefairless.com/blog/podcast/jf121-crowdfunding-tips-from-a-crowdfunding-wizard/

Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. 

Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com

Need financing?

Are you a buy-and-hold investor or doing fix and flips?

I recommend talking to Lima One Capital. A Best Ever Guest told me about them after I asked how he financed 10 properties in one year. They are an asset-based lender with unique programs for long-term hold and fix and flippers.

Click to learn more or, better yet, reach out to Cortney Newmans at Lima One Capital. His cell is 404.824.6121.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

JF558: How to Invest in a Secondary Market Using this Platform #SkillSetSunday

Ready to jump into the deals that are less picked? Our guest today will instruct you how to use his platform to find passive investment opportunities through over 20 portals, and we are talking about secondary markets and not just the average single-family home. You can’t miss this one!

Best Ever Tweet:

Jordan Fishfeld real estate background:

  • Founder of PeerRealty which is crowdfunding platform focused on opportunities in the Midwest
  • Say hi to him at https://peerrealty.com/ and http://cfxinvesting.com/
  • Former commercial finance attorney and active real estate investor
  • Has a JD and MBA from the University of Miami and is based in Chicago, Illinois

Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. 

Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com

Are you committed to transforming your life through Real Estate this year? If so, then go to http://www.CoachWithTrevor.Com and claim your FREE Coaching Session.  Trevor is my personal real estate coach and I’ve been working with him for years. Spots are limited, so be sure to do it now before all the spots are gone.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Listen to the Episode Below (17:41)
Join + receive...
Best Real Estate Investing Crash Course Ever!

JF547: What this Music Artist Does Day to Day to Invest in Real Estate

Our guest is in the top 100 billboard music artists and he loves to invest in real estate. He got in during the crash and purchased a cash flowing four Plex in which he was able to pull equity from to fund the acquisition and rehab of multiple dwellings. Hear how he handles his fixing flips and what he’s doing now!

Best Ever Tweet:

Austin Schalhamer real estate background:

  • Active real estate investor who is currently doing nine flips, two developments and owns a couple rental properties
  • He’s a top 100 artist and is involved in software development and is a serial entrepreneur
  • Based in Denver, Colorado
  • Say hi to him at corecrowdfunding.com
  • His Best Ever book is: Stop Acting Rich by Thomas Stanley

Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. 

Listen to all episodes and get a FREE crash course on real estate investing at:http://www.joefairless.com

Are you committed to transforming your life through Real Estate this year? If so, then go to http://www.CoachWithTrevor.Com and claim your FREE Coaching Session.  Trevor is my personal real estate coach and I’ve been working with him for years. Spots are limited, so be sure to do it now before all the spots are gone.

Have you tried REFM’s Valuate software yet? It makes investment analyses a breeze, and makes you look like you spent all week on them. Go to app.getrefm.com to sign up today.

Subscribe to Joe’s YouTube Channel here to learn multifamily and raising money tips:
https://www.youtube.com/channel/UCwTzctSEMu4L0tKN2b_esfg

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Listen to the Episode Below (21:23)
Join + receive...
Best Real Estate Investing Crash Course Ever!

JF523: How to Build a Business from SCRATCH #skillsetsunday

It starts with a passion for…well what is your passion? What makes you tick? Our Best Ever guest has been with us before, and today he is sharing the true struggle and joy of building a business step by step. He covers important topics that you need to understand such as team building, decision making, and execution. This is one episode you cannot miss!

Best Ever Tweet:

Matthew Rodak’s background:

–          CEO of Fund that Flip, an online lender for residential flips

–          Previously, worked at leading commercial property insurance and risk management firms

–          Based in NYC, NY

–          Hear his Best Advice ever: https://joefairless.com/blog/podcast/jf-07-uncovering-why-real-estate-crowdfunding-is-so-hottt/

 

Please Take 4 Min and Rate and Review the Best Ever Show in iTunes. 

Listen to all episodes and get a FREE crash course on real estate investing at: http://www.joefairless.com

Are you committed to transforming your life through Real Estate this year? If so, then go to http://www.CoachWithTrevor.Com and claim your FREE Coaching Session.  Trevor is my personal real estate coach and I’ve been working with him for years. Spots are limited, so be sure to do it now before all the spots are gone.

Have you tried REFM’s Valuate software yet? It makes investment analyses a breeze, and makes you look like you spent all week on them. Go to app.getrefm.com to sign up today.

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Listen to the Episode Below (32:24)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF435: Buying 1st and 2nd Mortgages and…CROWDFUNDING!

President and founder of Crowd Venture, a platform geared to creatively purchase 1st or 2nd liens via crowd funding, Matthew Sullivan implements his technology background and builds a real estate investing system. He is highly enthusiastic about the crowd funding space, and has come from his home land of London to optimize his efforts. Hear his plans to grow via crowd funding!

Best Ever Tweet:

Matthew Sullivan’s real estate background:

  • Founder and president of http://www.crowdventure.com which is a crowdfunding platform
  • Based in Newport Beach, California
  • He used to be a director and trustee of the London Air Ambulance so he has a helicopter pilot licenses

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsors:

You find the deals. We’ll fund them. Yes, it’s that simple. Fund That Flip is an online lender that provides fast and affordable capital to real estate investors. We make funding your projects easy so you can focus on what you do best…rehabilitating homes. Learn more at http://www.fundthatflip.com/bestever.

What’s the Best Ever health plan for YOU?

Go to http://www.stridehealth.com/bestever and find a better health plan in 10 minutes or less. On average you’ll save $418 on coverage and care.

Listen to the Episode Below (29:16)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF393: Commercial Crowdfunding Part 4 of 4

We are privileged to hear from our final guest of our four part series dedicated to commercial crowdfunding! Patch of Land’s Co-Founder and CTO, Brian Fritton, is the technology expert of the firm. He has fine-tuned the autonomy and responsiveness of Patch of Land’s site. He shares many state of the art reporting data sources that his team was able to use to mitigate risk in the deal analysis and underwriting period. Brian is passionately building Patch of Land’s system to not only run seamlessly, but to also provide supreme value and accuracy to the real estate investor. This is one episode you cannot pass up!

 

Best Ever Tweet:

 

 

Brian Fritton’s background:

  • Co-Founder and CTO of Patch of Land
  • Just launched an engineering blog at http://www.Patchofland.com/engineering
  • Previously created enterprise grade API’s
  • Built many ecommerce functionalities for large companies, one being Ghiradelli

 

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsors:

 

Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (26:24)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF386: Commercial Crowdfunding Part 3 of 4

Patch of Land’s CEO, Jason Fritton, enlightens the Best Ever listeners covering the firm’s origins and future vision. Since the JOBS Act in 2012, our Best Ever guest saw an opportunity to raise capital through a large group of investors…legally! With his technology based background, a crowd funding platform was constructed! Hear his insight on the up and coming niche of crowd funding residential, commercial, and other types of real estate; lend an ear to his vision of potential growth in competition!

 

Best Ever Tweet:

 

 

 

Jason Fritton’s real estate background:

 

  • Co-founder and CEO of Patch of Land
  • His background is in technology
  • Transitioned into the world of crowdfunding
  • JOBS act made it possible – publically in 2012

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

 

Made Possible Because of Our Best Ever Sponsors:

 

Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (21:53)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF 379: Commercial Crowdfunding Part 2 of 4

Welcome back Best Ever listeners to episode 2 of the 4 part Commercial Crowdfunding series! Today we hear from Patch of Land’s Mark Slowman, who has extensive history in commercial real estate. He covers EVERYTHING from underwriting to multifamily deal analysis. Think you know how to buy an apartment complex? Are you aware of the owner’s performance or the DSCR? In that case you better tune in…also, hear why Mark shares that “cap rates” don’t tell you everything!

 

 

Best Ever Tweet:

 

 

 

 

 

 

Mark Slowmann’s real estate background:

  • Started in public accounting
  • Worked with a couple large real estate groups
  • Sourcing and negotiating loans from the borrower standpoint
  • Commercial real estate expert

     

     

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

 

 

 

Made Possible Because of Our Best Ever Sponsors:

 

Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (34:18)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF 372: Commercial Crowdfunding Part 1 of 4

Ready for a lesson on crowdfunding and commercial real estate? Well, today we have a treat for you! Patch of Land’s SVP of Underwriting and Acquisitions, Doug Cochrane, is back! He announces a surprise addition for the firm’s users…commercial funding now available! Doug shares fantastic news about the once struggling hotel investing, innovative leverage, and multi-use lease diversity. This episode is JAM PACKED, so tune in!

Best Ever Tweet:

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsors:

Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (20:49)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF333: Lights..Camera..CREATIVE FINANCING! Here’s Your Guide.

Today’s Best Ever has taken his talents to TV, but stops buy to share with us his best ever advice. We discuss just about everything you could want to know about creative financing. Listen up, because we discuss untraditional loans and how to use crowdfunding to fund your next deal.

Best Ever Tweet:

Manolis Sfinarolakis’s real estate background:

–          Founder of Reality Crowd TV based in Hartford, CT

–          Does community management for real estate companies

–          Owned a 4 unit rental property in New Britton, CT and bought it with no money down

–          Former realtor and you can say hi to him at http://www.realitycrowdtv.com/

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsor:

Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (27:18)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF308: How To Be A Social Media Marketing Expert

Today’s Best Ever guest, shares with us how he was WAY ahead of the curve with social media marketing. He has used social media to market his company since the beginning and shares with us some awesome information about how YOU can do the same!

Best Ever Tweet:

Ross Hamilton’s real estate background:

–          CEO of Connected Investors– aggregator of crowdfunding portals – about 250,000 investors

–          Nominated by Entrepreneur Magazine as Emerging Entrepreneur of the Year in 2011

–          Based out of Wilmington, North Carolina

–          Wrote the book “Real estate investing in your 20s”

–          Used to compete in BMX Freestyle

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsor:

Patch of Land – Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions athttp://www.PatchOfLand.com/bestever

Listen to the Episode Below (24:55)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF283: How to Look at Deals From A Different Perspective

Today’s Best Ever guest shares with us how he looks at deals differently than you probably do, and why there HAS to be something to lose on both sides of the investment in order to win. Listen up, because today’s episode is PACKED with value.

Best Ever Tweet:

Steven Bettinger’s real estate background:

–          CEO and co-Founder of Acquire Real Estate an online crowd investing platform

–          2-time national lacrosse champion at Syracuse

–          40 under 40 business professionals in South Florida

–          Based in Boca Raton, Florida

–          Download Steven’s sample document here: https://goo.gl/GolCrH

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsor:

Patch of Land – Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions athttp://www.PatchOfLand.com/bestever

The Land Geek – Do you want to build monthy real estate cashflow without the typical headaches? Start learning about investing without all the typical headaches at  http://www.thelandgeek.com/best

Listen to the Episode Below (27:40)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF225: Not an Accredited Investor? No Problem!

Go ahead and put on your ten-gallon hat and slip on your cowboy boots, because this Texan knows a little something about real estate. Learn why today’s Best Ever guest ended up in the Governor’s office while trying to start his crowdfunding company and how YOU can get your next deal done!

 Best Ever Tweet:

Nathan Roach’s real estate background:

–          Co-Founder of MassVenture Texas’ first approved equity crowdfunding  platform

–          Attorney and also has the distinction of being Rackspace’s 1st webmaster

–          Computer programmer turned attorney

–          Based in San Antonio, Texas

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Made Possible Because of Our Best Ever Sponsors:

Norada Real Estate Investments – Having a hard time finding great investment properties?  Unfortunately, the best deals are rarely found locally. Norada Real Estate’s simple proven system provides you with the best deals across the U.S. to create wealth and cash-flow.  Get your FREE copy of The Ultimate Guide to Out-of-State Real Estate Investing

Patch of LandWant to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions athttp://www.PatchOfLand.com/bestever

Listen to the Episode Below (19:43)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF221: Titles! Titles! Read all about it!

You know the age old saying “Trust is gained in drops and lost in buckets?” Today’s Best Ever guest shares with us the importance of building trust with your clients, discusses title insurance, and a neat loophole to investing in the crowdfunding marketplace.

Best Ever Tweet:

 Allen Shayanfekr’s real estate background:

  •  Founder and CEO of Sharestates, a real estate crowdfunding marketplace based in NYC, NY
  •  Currently practicing law in New York and CT and uses his legal expertise in securities law to   help Sharestates promote and produce public and private offerings        
  •  Got his JD from Touro Law Center where he was top 6% in his class
  •  Say hi to Allen @allenshayanfekr or Sharestates @sharestates

 Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

 Made Possible Because of Our Best Ever Sponsors:

Norada Real Estate Investments – Having a hard time finding great investment properties?  Unfortunately, the best deals are rarely found locally. Norada Real Estate’s simple proven system provides you with the best deals across the U.S. to create wealth and cash-flow.  Get your FREE copy of The Ultimate Guide to Out-of-State Real Estate Investing

Patch of Land – Want to learn more about crowdfunding? Let the leading expert in the crowdfunding space, Patch of Land, give you all the info you need to get started. Grab your FREE copy of Top Ten Answers to the Top Ten Crowdfunding Questions at http://www.PatchOfLand.com/bestever

Listen to the Episode Below (22:20)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF199: What EXACTLY is an Institutional Deal?

When someone says “institutional” what exactly does that mean in regards to real estate investments? Today’s Best Ever guest shares it with you and then some!

Best Ever Tweet:

Jordan Fishfeld’s real estate background:

–        Founder of PeerRealty which is crowdfunding platform focused on opportunities in the Midwest

–        Say hi to him at https://peerrealty.com/

–        He is based in Chicago, Illinois

–        Former commercial finance attorney and active real estate investor

–        Has a JD and MBA from the University of Miami

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

Sponsored by Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (24:05)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF192: The Art of Protecting the Downside in Real Estate Investing

From protecting the downside to buying an acre in the middle of Washington DC, today’s Best Ever guest shares with you his experience and how you can apply what he’s learned to your biz.

Best Ever Tweet:

Ben Miller’s real estate background:

–        Co-Founder of Fundrise which is a crowdfunding platform that has 40,000 investors funding deals and over 600 companies putting deals on the platform

–        15 years of experience in real estate and finance and has acquired, developed and financed more than $500 million of property

–        He is based in Washington D.C.

Subscribe in iTunes  and  Stitcher  so you don’t miss an episode!

 

Sponsored by Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (16:19)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF181: The Solution to Inefficiencies of Raising Capital

Today’s Best Ever guest saw an opportunity to make raising capital more efficient. Find out what he did to fix the process…let’s go!

Best Ever Tweet:

Adam Hooper’s real estate background:

–        Co-founder and CEO of RealCrowd based in Palo Alto, California

o   RealCrowd is a crowdfunding platform that connects investors with commercial real estate investments

o   Platform has over $900 million of total investment opportunities

o   And over $10 billion worth of assets managed by their elite operators

–        Has worked on over $1 billion of real estate transactions

Subscribe in  iTunes  and  Stitcher  so you don’t miss an episode!

Sponsored by Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (23:20)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF173: Two SURPRISING Lessons after Investing in 50+ Crowdfunded Deals…and MUCH More!

How do you qualify a crowdfunding platform? What specific questions do you ask the platform reps? What is it like to invest in a crowdfunded deal?

Today we’re going to answer those questions and then some.

Who we’re talking to today:

AdaPia d’Errico, Chief Marketing Officer at Patch of Land

Mark Robertson, President at CrowdDD based in Charlotte, North Carolina

Jamie McIntyre, Founder at Rewire Capital based in Washington D.C.

Some things you’ll discover on today’s episode:

–        Two surprising lessons learned by investing in Crowdfunded deals

–        The list of questions you should ask a crowdfunding platform

–        The step-by-step process for what it’s like to invest in a crowdfunded deal from an investor’s standpoint

–        Pros and cons of debt and equity investing

–        How to diversify your portfolio in crowdfunded deals

And much, much more!

Have you grabbed your treatski?? Unlock the Top Ten Answers to the Top Ten Questions asked about crowdfunding by downloading it for FREE here: http://landing.patchofland.com/white-paper-top-ten-answers-to-the-top-ten-crowdfunding-questions

If you haven’t checked out Patch of Land’s market report on Newark, New Jersey – get it here. It’s a great example of the type of research you get when you work with them.

This episode is bought to you by our Best Ever sponsor, Patch of Land.

Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at  http://www.PatchOfLand.com

Listen to the Episode Below (45:47)
Join + receive...
Best Real Estate Investing Crash Course Ever!

JF166: How to Do a Crowdfunded Deal from Start to Finish

What’s it like to do a crowdfunded deal? What can you expect as a borrower who gets money from the crowd?

Here’s who we’re talking to today:

Omar Skyers’s real estate background:

–        Partner at SRB Group based in Newark, New Jersey

–        Been in real estate since 1999 and started flipping properties in 2007

–        Currently has 8 deals on http://www.patchofland.com

–        You can view his deals here: https://patchofland.com/srb-group-llc.html

Doug Cochrane’s real estate background:

–        SVP of Underwriting and Acquisitions at Patch of Land, a debt based real estate crowdfunding lender based in Los Angeles

–        Over 20 years of real estate experience as a senior loan officer, underwriter, appraiser and investor

–        Has originated and underwritten nearly $300,000,000 in residential and commercial loans

And here’s a taste of the treats you’ll get:

–        Why a flipper went from hard money to crowdfunding

–        The beautiful partnership that results from the experience

–        Side-by-side comparison of hard money vs. crowdfunding

–        A surprising part of the process with crowdfunding

–        Step-by-step process for how to get set up on a crowdfunding platform

–        The crowdfunding platform’s role in the process

–        Importance of getting started in the process NOW

–        Reporting requirements for borrowing money from a crowdfunding platform

HOT OFF THE PRESS: Download this White Hot Market Report for Newark, New Jersey:  http://landing.patchofland.com/patch-of-land-white-paper-the-newark-report

Subscribe in  iTunes  and  Stitcher  so you don’t miss an episode!

 

Sponsored by Patch of Land – Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at http://www.PatchOfLand.com

Listen to the Episode Below (35:52)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF159: The Future of Crowdfunding and What It Means to YOU

Welcome to the Future.

It’s one thing to predict the future. It’s another to predict it THEN give actionable advice on how to take advantage of the prediction.

In episode 2 of 4 of our Best Crowdfunding Crash Course Ever series, today’s Best Ever panel discusses the future of crowdfunding AND what you should do about it in order to grow your business.

Let’s go!

Best Ever Panelists:

–        Jason Fritton, Co-Founder and CEO, Patch of Land

–        Jorge Newbery, Founder and CEO, American Homeowner Preservation

–        Steve Cinelli, Founder and CEO, PRIMARQ

–        Lew Feldman, Partner in Goodwin Procter’s Real Estate Capital Markets Group

Here’s the futuristic stuff you’ll discover in today’s episode…

–        Bold predictions about the expansion of crowdfunding

–        The two things that could kill all the crowdfunding momentum

–        How states will help lead the way to new crowdfunding legislation

–        The billion dollar lesson from the original crowdfunding platforms

–        The rise of international investing and its implications

And, if you didn’t hear listen to Episode 1 of this series that gives you answers to EVERY crowdfunding question then go check that out now!

Want a treatski?? Unlock the Top Ten Answers to the Top Ten Questions asked about crowdfunding by downloading it for FREE here: http://landing.patchofland.com/white-paper-top-ten-answers-to-the-top-ten-crowdfunding-questions

This episode is bought to you by our Best Ever sponsor, Patch of Land.

Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at  http://www.PatchOfLand.com

 

Listen to the Episode Below (01:03:14)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF152: EVERY Single Answer to EVERY Single Crowdfunding Question You Have

Welcome to the Best Crowdfunding Crash Course Ever presented by Patch of Land. In today’s episode you get EVERY answer to EVERY question you have about crowdfunding. And…if we don’t answer it on the show then tweet your question to Patch of Land – @patchofland.

Who we’re talking to today:

AdaPia d’Errico, Chief Marketing Officer at Patch of Land

Here’s a nibble of just some of the answers you’ll get in this episode

–        How all your money is ALREADY RAISED – you just have to qualify yourself and the deal

–        Knowing when it’s the right time to use crowdfunding for your deals

–        Why a little bitty 8% stat will blow your mind

–        Differences between all the types of crowdfunding platforms

–        How crowdfunding platforms make money and the fees you can expect to pay

–        How quickly the underwriting process takes to get approved

–        The paperwork you’ll need in order to get approved for a crowdfunded deal

Want a treatski?? Unlock the Top Ten Answers to the Top Ten Questions asked about crowdfunding by downloading it for FREE here: http://landing.patchofland.com/white-paper-top-ten-answers-to-the-top-ten-crowdfunding-questions

Oh, and BTW, did you know that Crowdfunding is an acronym!?!? AdaPia enlightened me about that during our conversation. It stands for…Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act.

This episode is bought to you by our Best Ever sponsor, Patch of Land.

Could you do more deals if you had more money? Let the crowdfunding platform, Patch of Land, find investors for you and fund your next deal…and your next deal…and your next deal…and…well, just go find out more at  http://www.PatchOfLand.com

 

Listen to the Episode Below (59:55)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF129: What’s It Take to Get Your Deal on a Crowdfunding Site?

Today’s Best Ever guest shares how his company, Patch of Land, underwrites their deals. If you’re interested in crowdfunding then you need to listen to this interview. Let’s go!

Tweetable quote:

Doug Cochrane’s real estate background:

–        SVP of Underwriting and Acquisitions at Patch of Land, a debt-based real estate crowdfunding lender based in Los Angeles

–        Over 20 years of real estate experience as a senior loan officer, underwriter, appraiser and investor

–        Has originated and underwritten nearly $300,000,000 in residential and commercial loans

Subscribe in  iTunes  and  Stitcher  so you don’t miss an episode!

Sponsored by Cozy – Simple, free online rent payments, tenant screening and credit checks. Get Cozy for free at cozy.co

Listen to the Episode Below (17:59)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF121: Crowdfunding Tips from a Crowdfunding Wizard

Today’s Best Ever guest shares with you how to be successful at crowdfunding and the types of deals crowdfunding sites look for when picking which ones to offer to their investors.

Let’s go!

Tweetable quote:

 Nav Athwal’s real estate background:

–        Co-founder and CEO of RealtyShares, an online marketplace for Accredited Investors to securely invest as little as $5,000 into private real estate investment properties

–        Guest Lecturer to UC Berkeley Law

–        Electrical engineer turned attorney turned real estate entrepreneur based in San Francisco, California

Subscribe in  iTunes  and  Stitcher  so you don’t miss an episode!

Sponsored by Cozy – Simple, free online rent payments, tenant screening and credit checks. Get Cozy for free at cozy.co.

 

Listen to the Episode Below (18:27)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF79: How to Meet Mark Cuban’s Boss (and other unreachables)

How do you reach the unreachable? Become a power connector. Today’s Best Ever guest shares with you practical tips for how to grow your influence through quality and strategic relationships with her 5 + 50 + 100 rule.  She’s directly connected to Warren Buffet and got Mark Burnett endorse to her book – let’s go!

 Tweetable quote:

 Judy Robinett’s background:

–        Author of How to Be a Power Connector: The 5 + 50 + 100 Rule

–        She is the coauthor of a chapter in Crowdfunding for Dummies

–        More than 30 years of experience as an entrepreneur and corporate leader

Subscribe in iTunes and Stitcher so you don’t miss an episode!

 

Sponsored by: Twenty Four Sound – visit http://www.twentyfoursound.com and mention “bestever” for an exclusive 20% discount on your purchase.

Listen to the Episode Below (23:59)
Join + receive...
Best Real Estate Investing Crash Course Ever!
Best Ever Show Real Estate Advice

JF44: Money Raisin Tips Revealed by a Money Raisin Master  

Want to raise money for your next deal? Then slap on those ear buds and hit play. Today’s Best Ever guest is a money raisin master and he shares with you his best real estate investing advice ever!

Tweetable quote:

Joel Block’s real estate background:

–        Raised money for more than 40 syndicated deals

–        CEO of Bullseye Capital Real Property Opportunity Fund

–        Spent 15 years in venture capital business

–        Started his career as a CPA

Subscribe in iTunes and Stitcher so you don’t miss an episode!

Sponsored by: Door Devil – visit http://www.doordevil.comand enter “bestever” to get an exclusive 20% discount on your purchase.

Listen to the Episode Below (24:58)
Join + receive...
Best Real Estate Investing Crash Course Ever!

JF 07: Uncovering Why Real Estate Crowdfunding is So HOTTT

Listen to the Episode Below
Join + receive...
Best Real Estate Investing Crash Course Ever!

Matt Rodak recently launched a crowdfunding real estate website called Fund that Flip. He talks to us about crowdfunding rules and why it’s beginning to take off in a big way.

Matt’s real estate background:

  • Founder of Fund that Flip (www.fundthatflip.com), a crowdfunding platform for residential flips – based in New York City
  • Worked with major real estate companies in a variety of capacities including most recently as a business development executive for FM Global, a commercial real estate insurance company

Subscribe on iTunes so you don’t miss an episode.

Listen to the show to hear his Best Real Estate Investing Advice Ever!