JF2583: Finding Your Next Cash Flow Monster with Adam Craig

After starting a profitable online retail business right out of college, Adam Craig decided to get started in real estate investing with single-family homes. Now, he says he may not buy another single-family home again. Today, Adam is talking about buying in an “economic opportunity zone”, how the city is helping transform the area, and why he wouldn’t have found his next cash-flowing monster of a property if he didn’t open his eyes to new asset classes. 

 

Adam Craig Real Estate Background:

  • Actively involved in real investing for 9 years, including acquisition, rehab, leasing, and selling
  • Since 2013 I have done 82 deals. About 20 flips and the rest rentals. Currently holds a portfolio valued at 7 million dollars with 51 doors which include 3 commercial buildings and the rest single family homes.
  • Based in Cleveland, OH
  • Say hi to him at: www.cleinvest.com
  • Best Ever Book: How to Win Friends and Influence People

 

 

 

 

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TRANSCRIPTION

Ash Patel: Hello, Best Ever listeners. Welcome to the Best Real Estate Investing Advice Ever Show. I’m Ash Patel and I’m with today’s guest, Adam Craig. Adam is joining us from Cleveland, Ohio. He has been a real estate investor for nine years and has done over 80 deals. Adam’s portfolio is valued at $7 million and includes 51 doors and three commercial buildings.

Adam, thank you for joining us, and how are you today?

Adam Craig: Hey, Ash. I’m really good. Thanks for having me. I appreciate it.

Ash Patel: Well, it’s our pleasure. Thanks for being here. Adam, before we get started, can you give the Best Ever listeners a little bit more about your background and what you’re focused on now?

Adam Craig: Sure. I was born and raised just outside Cleveland, Ohio. Went to Kent State to study finance, and thought I’d be selling insurance most of my life. And luckily, I started a business right out of college that was fairly profitable, and I saved most of the money of that business and poured it right into real estate. So I started real estate roughly right out of college, and I’ve been doing it since 2013.

Ash Patel: What was the business that you started out of college?

Adam Craig: It’s an online retail business. It doesn’t get me up in the morning or get me excited, but it pays the bills. It’s just buying broken and defective photography equipment, repairing it, and not always through myself, but through repair services, and then reselling it. So I’m buying defective equipment, getting it fixed and turning it back over.

Ash Patel: Is that side hustle still going?

Adam Craig: It’s still going to this day. I think I saw my peak numbers probably about 2016 or 2015, but it’s still a good enough income that I’m still doing it, and I probably devote about 30% of my time to it.

Ash Patel: But obviously you’re more passionate about real estate.

Adam Craig: Certainly. Yeah. Real estate is where I always wanted to go. I know that will always be there; the Amazon, the online business – that can go away in a heartbeat.

Ash Patel: All right. So you started with single-family homes. Take me through that journey.

Adam Craig: Yeah. I contemplated between single-family, duplexes, fourplexes, and I always liked the idea of single family, mostly because you hear the tenants tend to stay longer. The cash flow is not always as good as a duplex or a fourplex, but at the same time, single-family homes tend to appreciate a little more than duplexes and fourplexes, because they appeal to the masses, versus just investors looking for investment properties. So single-family was kind of what I set on right away. I looked at a house for the better part of a year. It was on the market for more than a year. Back then, 2012-2013, that was pretty common. And finally, I pulled the trigger on a $50,000 single-family home.

Ash Patel: And then what was next?

Adam Craig: It was a mold-infested basement house, which is why—again, that would be gobbled up today no problem. But back then, people weren’t touching that; the inventory was pretty high. So I got some quotes together on the mold, which was the big scare of mine, and when I saw that that wasn’t that big of a deal, the rest of it really kind of came together pretty quick. It was more of a carpet and paint type deal, compared to what I’m doing now, which is the BRRR strategy, and that’s just rehabbing everything.

So I think the rehab probably should have taken three weeks; it took maybe 3-4 months, but I had no contractors, no experience. So I was just winging it.

Ash Patel: Adam, what was the next after that? Did you take on multifamily? Did you take on more single-family homes?

Adam Craig: So I went single family for a long time, and I was still using mostly my own money, and I was doing the 20% down and paying for my own rehab… So I can only afford one, maybe two properties a year, and I was constantly going broke. I was sinking too much of my own money in these properties, and I wasn’t gonna back out… So it wasn’t until about the third or fourth year I got into hard money lending. I found one that was really flexible in his terms, and I went from 1-2 deals a year to about 8-10, and then I averaged about 12-14 a year for a couple of years there. So as soon as I found the financing, things just skyrocketed.

Ash Patel: Where did you find the financing?

Adam Craig: It was through BiggerPockets. I searched all over the place, and a lot of the big institutional financial lenders out there that required 75% LTV, they had a lot of strict inspections… This guy was not that, he had his own money, so a lot more flexible in terms of what he was able to do. And then once he trusted me, there were no inspections or too many issues getting draws or anything like that, which was big to me.

Ash Patel: And what were the terms on a typical investment?

Adam Craig: He is at 15% interest, and then five points on the first deal. And then the points get worked down on every deal. So I got to the point where I was only paying one point per deal. So the 15% interest didn’t bother me too much.

Ash Patel: So was it one point and 15% interest?

Adam Craig: Yes.

Ash Patel: Yeah. So the typical rate is 2 and 10 or 2 and 12, so yeah, you’re right in line. So that’s great that you have that relationship, you were able to turn and burn them. When did you get into multifamily?

Adam Craig: I got into commercial real estate in 2018; I was looking for an office space to rent for myself, because I just had a child, and the work from home thing was not happening anymore, it just wasn’t efficient.

So in my look for rental space, I came across a commercial building that, through some negotiation, I ended up purchasing. I still have that building. I occupy one of the spaces for myself, and then I lease out about 4,500 square feet to the rest of the tenants.

Ash Patel: Take us through the numbers on that deal if you would, please.

Adam Craig: So I bought that with a combination of seller financing and my hard money lender, who I just referred to. The seller financed $50,000 of a $275,000 purchase price. And then I borrowed roughly $275,000 for the purchase and rehab at 15%, which – that hurts. I have private lenders today, so I’m paying closer to 9% or 10%. So 15% on that type of loan I wouldn’t do today, but at the time, it did work out.

Ash Patel: Did you attempt to get a conventional bank loan?

Adam Craig: So – completely vacant building, which is similar to most of the commercial real estate I buy. There are no bank loans on vacant buildings, that I know of.

Ash Patel: I’m going to give you my advice and my experience… I’ve bought a lot of commercial office retail, industrial buildings, and a local lender is the way to go. And ideally, a lender that’s close to your building. You can’t use a big bank for that. They’ll never even look twice at it. But local lenders and credit unions, if it’s in their town or in their backyard, they’re much more likely to do a loan on a property like that. And once you establish that relationship with a local lender, they’ll expand their geographic boundaries.

So for example, I have a lender in Cincinnati that will typically only lend in Ohio or Kentucky, Indiana, maybe a hundred-mile radius; but because I’ve done so many deals with them, they’ll loan on anywhere across the country for me. And I’m not unique; any established relationship, they would do the same for. So the big banks, man – they’re not going to touch these types of deals.

Adam Craig: Yeah, I do understand it. And I have some pretty good relationships with really small banks in my area, but I’ve ran every commercial deal past them, and at 0% occupancy, they still didn’t want anything to do with it. So maybe I’ll look a little harder.

Break: [07:43] to [09:44]

Ash Patel: When you say local lenders, how many branches do they have?

Adam Craig: Two.

Ash Patel: Okay, perfect.

Adam Craig: Yeah.

Ash Patel: Yeah.

Adam Craig: I look for the smallest banks in the area, through reserves and things like that.

Ash Patel: Exactly. Yeah. I always tell people three or fewer locations, because any more than that, there’s a lot of transitioning, promotions, people move around… My bank now has three locations, and literally the same people I started dealing with 14 years ago are still there, in the same positions, and they’re awesome to deal with.

So for the Best Ever listeners, I would attempt to find local lenders when you have non-conforming commercial deals, vacant deals; anything that doesn’t fit the mold for a big bank.

Adam Craig: A little follow-up on that is when I speak to these guys, they give you the reasons for it. When you go to a medium- or large-sized bank, it usually goes 1, 2, 3 times up the chain for loan decisions. But my loan originator is the guy actually talking to the underwriter in his office next door. So the relationships – it’s all about relationships.

Ash Patel: 100%. Yeah, I had a big bank that denied me on a loan at the very last minute. I gave him 60 days notice, everything was fine… I had enough cash to buy the building, but literally, a couple of days before the closing, they told me the underwriter did not approve the loan. And I said, “Well, where’s the underwriter? Let’s get a meeting. Let’s get him on the phone.” “Oh, the underwriter is in Pittsburgh.” You’re right. It’s just a number, right? You might as well outsource it overseas.

Adam Craig: Yep.

Ash Patel: So yeah, that relationship is so important. I want to hear—

Adam Craig: I’m going to get in touch with you and hear more about this financing on unoccupied buildings. That’s intriguing to me.

Ash Patel: Yeah. I want to find out more about this office building… So it was completely vacant. How long was it vacant for?

Adam Craig: An attorney rehabbed it in the ’80s and wound his business down. So it had been vacant for about a year. You could occupy it, but it smelled terrible; bad carpet, needed paint. It just looked like an ’80s building, all the fluorescent lighting… So we did a full rehab on it. We made it nicer than I would make most of my office buildings because it’s in a real quaint part of a downtown area that’s trendy, and I was also occupying it… So I wanted it to look a little nicer than a building I wasn’t occupying. It actually attracted all-female office tenants, because of the little character it had. And most of my tenants at all my offices in fact are female, which I thought was unusual. So we must be rehabbing them in a fashion that appeals to the female business owner.

Ash Patel: That’s a compliment to you. How did you find tenants for this?

Adam Craig: We manage our own properties on the residential side, so it’s a no-brainer for finding tenants for residential. On the commercial side I wasn’t exactly sure, so I did initially reach out to some brokers… And then once I figured out what the fees were going to be, I said, “You know, maybe I can do this myself.” And thank God I did. It was just like residential. You advertise in all the available spots, Facebook, syndicate it to all the available options like LoopNet and Crexi, and you find tenants.

Ash Patel: 100%. I had a very similar experience. How many different office suites are in here?

Adam Craig: It’s a small building, but there’s actually four different suites; we have a chiropractor, a wellness business, and a couple of tax attorneys. But we broke it up probably a little prematurely. I was really anxious to get it filled. So I was willing to take on some smaller tenants, when two or three tenants would have been more suitable.

Ash Patel: Who paid for the tenant improvements?

Adam Craig: It was all borrowed money. We didn’t have tenants come to us with the ideas. We essentially finished the space, which my first time around probably was a bit of a mistake, because we did go back and redo some work for the tenant.

Ash Patel: Yeah, I have a similar story if you don’t mind me sharing, maybe a 10,000 square foot office building, and it’s again, broken up into anywhere from 3000 to 400 square feet. And there’s probably a total of 8-10 tenants in there now; but many of those tenants literally got a white box, some with just plywood floors and unfinished drywall, and they took a lot of pride into finishing it themselves. Sometimes, I would pay for the materials. Other times, they would just go in there and put their own touches on it.

So for smaller mom-and-pop office buildings like that, you often don’t have to make it pristine, because it’s amazing what some of these small business owners do when they come in. They just see their vision, they have somebody in their family that’s handy, and they come in and just transform the space on their dime often. So keep that in mind.

Adam Craig: I’m going to do that. Yeah, I will. A lot of times, if I have a partially occupied building or something mostly occupied, I’m a little stingier on what I’m willing to do, and making the tenants do the build-out is more likely. But when I have 100% vacant building, I’m pretty flexible on what I’m doing.

Ash Patel: 100%, I agree with you. Yeah, there’s momentum. So when something’s vacant, nobody wants to be the first one in a vacant building, because they’re afraid it’s just going to remain vacant. Awesome. So this thing’s cash flowing very well for you now, I would assume.

Adam Craig: Yeah. Even with me occupying about a fifth of it, I’m cash flowing roughly $2000 a month; between $1500 and $2000. It’s not metered, so it’s flexible to utilities.

Ash Patel: And is the management overhead fairly minimum?

Adam Craig: Very minimal.

Ash Patel: Okay.

Adam Craig: And that’s what I figured out in residential versus commercial; the overhead in commercial is much, much less.

Ash Patel: Yes. What are the other two commercial buildings that you have?

Adam Craig: So shortly after that, I purchased a 9,000 square foot office building a couple of cities away. We are just signing our final lease on that building. So that is going to be a cash flow monster, somewhere in the $3,000 to $4,000 neighborhood, after we get it refinanced. And that one filled up in a hurry, and it’s not even really in a great part of town. But similar to the other one, it was beyond the point of moving right in. So we did a pretty extensive rehab, put in some nice finishes, and at the end of the day, we should probably net $200,000 to $300,000 in equity after the refinance, unless we decide to pull money cash out.

Ash Patel: Adam, can we dive into the numbers on that?

Adam Craig: Certainly. So this was a LoopNet property. The list price was $160,000. I had been looking for quite a while, so I knew right away that this was a really good number per square foot for the area. So I made a full ask, he accepted. A few days after, he indicated that he had some higher offers, but it was a little too late. He was under contract. So $160,000 purchase price, rehab was roughly $120,000, which a major part of that being the roof. And then, we are going to be bringing in almost a dollar a square foot. So somewhere between $7,500 and $8,500 a month in rental income.

Ash Patel: And same thing, you had to do some tenant improvements?

Adam Craig: Did some tenant improvements. And what we started doing on this building – we rehabbed the first floor, the second floor we left completely wide open, and what we’re offering our tenants were “Come move into our lower level and we’ll rehab it just like our upper level on your dime, but we’ll amortize the cost over the lease”, which appealed to so many tenants that didn’t have enough money to fork over $3,000 or $4,000 or $5,000 for the lease.

Ash Patel: Yeah, that’s fantastic. What about common area maintenance charges?

Adam Craig: It’s building to building. This building, we don’t have any common area, which is great. So they’re actually all responsible for their own maintenance and cleanup and all that stuff.

The building I referred to previously isn’t set up like that. I do have a cleaner that comes in at $50 a week, but I don’t charge—a lot of these costs, I ended up working into the initial lease, rather than tack on the fees… Because I don’t know if tenants like seeing some of these fees; maybe they just like seeing one big bill at the end of the month, versus seeing that they’re paying for electrical and HVAC and taxes and all that. I know a lot of people do triple net leases, and on some of the buildings we have those, but some of the buildings we go away from those as well.

Ash Patel: Yeah. You hit the nail on the head. When you have small mom-and-pop businesses, they can’t absorb variable costs very easily. So if you have a bad winter, they can’t fork out an extra thousand dollars for snow removal. So I think you’re doing the right thing by just having a flat rate. This way, they can budget for it, they know what to expect, no surprises and they focus on running their business. So that’s great. And the third one, is that an office building as well?

Adam Craig: Yeah, the third one – and there’s actually a fourth one I have under contract, but the third one we seem to go up in size on each one… But 22,000 square foot mini strip plaza, with KeyBank being the major tenant in there. So this was the first commercial building I purchased that had occupancy, but the kicker was this was for sale right during the peak of COVID, so 2020, and it had a restaurant vacancy. So banks, again, wouldn’t touch it. It only appealed to cash buyers, and it was an inheritance property, so the kids wanted to get rid of it.

So list price, $450,000. We offered $300,000. I ended up settling on $350,000 and from day one, the building was bringing in about $7,000 in rent. So all our monthly lending costs were already cash-flowing, without even refinancing.

Ash Patel: What was the percent vacant that this building was, unpurchased?

Adam Craig: It was about 60% vacant.

Ash Patel: And how did you feel about that?

Adam Craig: Everyone called me crazy; not only for the restaurants, but the areas I tend to buy my commercial properties are similar to where I buy my residential properties. I would say I call them C+, B-  areas. That’s just where I find the cash flow opportunity. They’re not necessarily the sexy areas, but just like the single-family, they’re the big payback on the cash flow.

Ash Patel: Yeah. Well, they probably called me crazy for buying vacant office space as well.

Adam Craig: I heard a lot of that. Yeah. I posted it on Instagram and they said, “Good move.” Just all kinds of things, just jabbing at me. But we filled it up almost as COVID was coming to an end. It’s still going on, but right on the upside.

Ash Patel: Good for you. And how were you filling up the strip center?

Adam Craig: So the strip center – we just signed a five-year lease on the restaurant. It took about five months. We didn’t do any rehabs to the restaurant, because we just had no idea what the new owners wanted to bring. We agreed to do six months free for a five-year and six-month lease, and then we’re doing roughly $2,000 worth of work for these tenants.

Ash Patel: And personal guarantees on the lease?

Adam Craig: Personal guarantees on the lease, and there were three of them too, which is always nice. So you can go after three, rather than one. We had a lot of applications, but a lot of the people had a couple thousand in their bank and an idea of a restaurant. We wanted to wait for someone who was solid, and these people were solid.

Ash Patel: That’s awesome. Six months free rent is worth the amount of renovations and the five-year lease. So what percentage of the strip center’s vacant now?

Adam Craig: Including the restaurant, we have four big tenants – KeyBank, the restaurant, two hair salons, and then we are rehabbing 8,000 square feet on the second level, which is just going to be strictly office space. We’ve already signed two leases on that, we’re just not done with the work yet. So they haven’t moved in.

Ash Patel: Two hair salons. Are they competing or are they complementary?

Adam Craig: They don’t seem to have a problem with each other. They’ve been there for a while. One of them is probably on their way out, because they haven’t had their rent raised in quite some time. And after the demand we had in that area, I told them that they couldn’t stay any longer at that rent.

Ash Patel: Got it. And were they all just month-to-month leases?

Adam Craig: KeyBank was not, but the two hair salons were month to month. We converted one of them to a three-year lease, and the other one is month to month, until she decides that she’s going to leave.

Ash Patel: How long is the KeyBank lease?

Adam Craig: It expires in 2025, with an option to renew, and they’ve been there since 1993. So we hope they stay.

Ash Patel: Yeah, that’s great. And what is the building that you have under contract?

Adam Craig: So after not having any success finding single families for the past year and a half, like many people out there – which has actually been a blessing in disguise, because the cash flow and the time investment in the commercial is far more worth the single-family mess… But we have a 28,000 square foot, three-story building under contract in, I would say, a C+/B- area. It’s a—(what do they say?) It’s an economic opportunity zone. So the city is very involved in getting this building turned around, and we got it for pennies on the dollar. We’re under contract for $190,000, and again, it’s 26,000 square feet.

Break: [21:25] to [23:27]

Ash Patel: What is the city doing to help?

Adam Craig: The person who purchased this building three years ago received some grants to fix up the exterior, and he had plans of putting a brewery into that. It’s right downtown. The city wants a restaurant in there, and they’re trying to give everything they can to make sure that happens. I spoke with the city and I told them I’m all for a restaurant, but if an accounting company or a title company wants to move into that lower level, they’re going to get the space. I’m not going to hold out for a restaurant; but I understand why they want it. They’re trying to rejuvenate their downtown area, and every nice town has nice restaurants.

Ash Patel: Good for you for being forward with them. But have you asked for a tax abatement?

Adam Craig: It just got under contract about two weeks ago. I have a meeting with the economic developer over there and she has several programs, including tax abatements. And the opportunity zone also can be some tax savings down the road when it comes time to sell.

Ash Patel: Yeah, that is great. I would definitely work with the city and see whatever help they can provide, whether it’s abatements, tips or whatever. How about a liquor license?

Adam Craig: Liquor license I haven’t discussed with them, but obviously that would be a biggie, because that was one of the difficult issues we had leasing our previous [unintelligible [00:24:34].05] We did not have a liquor license.

Ash Patel: Is it in the same town?

Adam Craig: It’s not in the same town.

Ash Patel: Uh, okay. I was going to say leverage that and get two for one. I would talk to the city and see if they’ll pull some strings to get a liquor license for you.

Adam Craig: Yeah, we have a meeting in about three weeks. That’s definitely something I’ll bring up. So the lower level could be a restaurant, it can be retail space, and then it has a second and third floor that will likely be office space. A lot of people have suggested converting to residential, and at the end of the day, that could be a better dollar figure at the end of the day. It’s a lot of work, a lot of logistics. I’m just going to keep it off the space.

Ash Patel: Yeah. This sounds like a massive win, but a massive project as well. What do you estimate the rehab costs to come in at?

Adam Craig: I think $200,000 to $300,000, somewhere in that neighborhood. But again, it would depend on what we do for the tenants as well.

Ash Patel: And have you thought about going to a traditional lender or taking on investors?

Adam Craig: So when I told you I borrowed money at 15%, I have since, I guess you could say, graduated into private investors. I have about 10-12 private investors I work with now, and I’ve been offering them 10% interest plus one point. So still a good return. I’m still happy to save 5%, and I plan on growing that private investor pool. So I only use the hard money character when I have shortcomings.

Ash Patel: I think with your track record, you should qualify for traditional bank financing. I wouldn’t pay 10%, because I don’t think you have to.

Adam Craig: That’s good to hear. I guess I’ll knock on some more doors.

Ash Patel: Yeah, and I think this property will appraise quite a bit higher.

Adam Craig: Yes.

Ash Patel: And then the opportunity zone, there’s a lot of investors who are really looking to offset some of their capital gains, put it into an OZ property. So if you’re willing to take on an investment partner that has funds that they want to kick a tax can down the road for, it might be an opportunity for you to partner with somebody and not give up as much equity, because part of their return comes from being in that opportunity zone. Man, I think lenders would love you. With what you’re doing, your track record, I would get out of that high-interest mindset.

Adam Craig: Well, I like to hear that. My lenders do like me, but it’s typically after I have a building somewhat stabilized with at least proformas in place.

Ash Patel: Yeah, I disagree. I think you find the right lender, and they would love to partner with you. I’ve got to ask you, on the last two properties, how did you find them?

Adam Craig: The KeyBank building that I was referring to previously was on LoopNet. So it was open market; but again, it was right at the heart of COVID, so everyone was scared to death. But after we get it under contract, the broker was showing me strong interest from the West coast, all these California buyers trying to snatch up properties. So they had other offers on the table. She was trying to keep her clients working with a local investor, because a lot of times these West coast deals fall through for this reason or that reason. So luckily, she was able to keep them on board at $100,000 off the asking price.

Ash Patel: That’s great. And the most recent one?

Adam Craig: That was an MLS property. It’s been active, but he just dropped the price $75,000 and then I offered less than that, and I ended up getting it at the 190 price, but he’s had it on the market for about two years now. So he’s dropped it considerably.

Ash Patel: And Adam, are you pretty glued to all the new properties that come out?

Adam Craig: What do you mean by glued? Oh, I’m sorry. Yeah, lately I have. I pretty much see most of them, I would say.

Ash Patel: Yeah. So that first mover advantage is often very helpful. Well, what’s next for you?

Adam Craig: Well, after doing single family for so long, I just felt like I was so good, and learned my niche and the numbers were great… I went from cash flowing $200 to $300 a property to $600 to $800 a property. So the single-family is great, but after doing a little bit of commercial, I could see potentially never buying a single-family home again.

Ash Patel: Yeah. I would tend to push you in that direction. But Adam, what do you say to that single-family investor who’s doing well and they’re scared to death of retail or an office, and they’re thinking, “Oh, it’s a dumb move. Why would you do it? COVID,” all the excuses. What do you say to that person?

Adam Craig: I’d say to that person, open their minds to other asset classes. I’m a big believer in diversity, and that comes to real estate too. If you can get into office or retail or industrial, or mobile home parks have been a big research project of mine, and probably a lot of other people because of BiggerPockets blowing that asset class up. There’s opportunity out there in a lot of different sectors. And single-family is great. So if you’re buying single-family homes, you can make a good living and have a nice retirement, but don’t be closed-minded to the other stuff that’s out there.

Ash Patel: Adam, what is your best real estate investing advice ever?

Adam Craig: Best real estate investing advice ever would be generic, but take the action. Just like my office building – I was scared, I had all the same fears. And then after you do it, you keep waiting for some kind of shoe to fall or some kind of hiccup, and then when it doesn’t come, you realize, “Wow, much easier than I thought”, just like everything else in life.

Ash Patel: That’s great. Adam, are you ready for the Best Ever lightning round?

Adam Craig: Yes.

Ash Patel: Let’s do it. Adam, what’s the best ever book you recently read?

Adam Craig: One of my favorites is How to Win Friends and Influence People by Dale Carnegie. It’s not quite a sales book, it’s a book on life, but that’s probably my favorite.

Ash Patel: Adam, what’s the best ever way you like to give back?

Adam Craig: I like to give back through helping other investors get their feet wet or accelerate their career. I haven’t got to the point where I’m charging for that service yet. I know a lot of experienced investors have courses and classes, but really I enjoy it. I have a lot of people reluctant to ask me things, because they don’t think I want to talk about it, but I’ll talk real estate all day long.

Ash Patel: My wife yells at me every time we’re out. I never bring it up, but if somebody else brings up real estate, uh, conversation’s done; that’s all I talk about.

Adam Craig: Yeah.

Ash Patel: Good for you. And Adam – great conversation. How can the Best Ever listeners reach out?

Adam Craig: So on Instagram, @adamtheinvestor. Cleinvest.com is my website. And my email is adam@clerealestategroup.com. Anyone want to connect or go over any deals, I’m happy to talk.

Ash Patel: Adam, thank you so much for taking the time out of your day to share your journey with us. I’m glad you’ve found different asset classes from single-family, and you serve as an example to a lot of single-family investors on what can be done by looking at different asset classes. So thank you again for joining us today.

Adam Craig: Thanks again for having me.

Ash Patel: Best Ever listeners, thank you for joining us, and have a best ever day.

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The information, statements, comments, views, and opinions expressed or provided in this website (including by speakers who are not officers, employees, or agents of Joe Fairless or Joesta PF LLC) are not necessarily those of Joe Fairless or Joesta PF LLC, and may not be current. Neither Joe Fairless nor Joesta PF LLC make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views or opinions contained in this website, and any liability therefor (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Neither Joe Fairless nor Joesta PF LLC undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views or opinions set forth in this podcast.

No part of this podcast may, without Joesta PF LLC’s prior written consent, be reproduced, redistributed, published, copied or duplicated in any form, by any means.

Joe Fairless serves as director of investor relations with Ashcroft Capital, a real estate investment firm. Ashcroft Capital is not affiliated with Joesta PF LLC or this website, and is not responsible for any of the content herein.

Oral Disclaimer

The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.bestevershow.com.

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