Turning an $800K Mistake into a $1.9B Multifamily Portfolio

How big is a big multifamily portfolio to you? 100 units? Maybe 1,000 units? What about over 13,000 units and over $1.9B in assets under management? That’s quite the real estate portfolio. It would only make sense that it belonged to Ashcroft Capital and ran by real estate heavy hitter, Joe Fairless. You’ve probably seen Joe on a past BiggerPockets Podcast episode or his own show, the “Best Real Estate Investing Advice Ever” show.

Joe is a leader in the multifamily space, not only in his home state but throughout the entire country. It seems strange that such a prominent figure in the multifamily investing community got started in investing only a decade or so ago. Back then, Joe was working in advertising, bringing home six figures, but lacking purpose. He tried doing improv, stand-up comedy, teaching single-family investing, but eventually landed on multifamily.

After his first deal, which turned out far less than optimal, Joe continued to build relationships, network with investors and operators, and build one of the biggest multifamily portfolios and real estate podcasts on the planet. He shares advice for new investors on what not to do when getting into the space, plus how to grow your capital-raising “treasure chest.”

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Join BiggerPockets for FREE

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Check out Last Week’s Episode on The Secret to Investing with Your Spouse:

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Listen to Joe’s Interview on The BiggerPockets Podcast:

Episode 227:

Episode 532:

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Network with Other Investors, Find Partners and

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Connect with Joe on BiggerPockets:

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Invest with Joe:

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Attend The Best Ever Conference:

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Connect with Terrance:

Instagram: @terrancedoyle or

BiggerPockets:

LinkedIn: with Chris:

Instagram: @chrislopez_co or

BiggerPockets:

LinkedIn: Intro

01:40 Sampling Life Experiences

07:42 Advice for New Investors

14:09 BIG Mistakes on The First Multifamily Deal

21:18 How to Find Your Perfect Partner

27:02 Outsourcing & The Capital Raising "Treasure Chest"

38:51 Joe's Superpower

40:00 Multifamily Mentorships

Recommended Reading >> bit.ly/32kRpzw

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