If you’ve watched some of his other videos or listened to his podcast, The Best Real Estate Investing Advice Ever Show, you’ve heard Joe mention what he refers to as his “Three Immutable Laws Of Real Estate Investing”. These laws come from interviewing over 1000 people for his podcast. The guest that had lost a lot in 2008 all had one or more of these laws working against them:
– They were hoping for appreciation, rather than buying for cash flow
– They did not have long term debt in place. In 2008, if your loan came due, good luck finding reasonable financing.
– They did not have adequate cash reserves
Joe will explain more in this video about why following these 3 laws will best protect you in the event of another downturn.
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Joe Fairless controls over $300,000,000 worth of real estate which includes a portfolio of single family homes and eleven large apartment communities, all acquired through deal syndication. His goal is $1 Billion in real estate before his 40th birthday! Follow along as he goes after that goal and shares his lessons along the way.
Follow my investing journey here: http://www.youtube.com/watch?v=kIu5ZLqWix8&list
Host of Best Real Estate Investing Advice Ever show which is the world’s longest running, daily real estate podcast. I’ve interviewed Robert Kiyosaki, Barbara Corcoran, Grant Cardone, Emmitt Smith, and many other real estate experts, every day for over 3 years!
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Author of Best Real Estate Investing Advice Ever which was personally endorsed by Barbara Corcoran who said “This is a no-fluff book that both experienced and beginning real estate investors can benefit from reading.”
If you’re a multifamily investor, multifamily syndicator, apartment investor, passive investor, interested in multifamily syndication / apartment syndication, or apartment investing, and want to learn more or work with me personally, you can contact me here: http://joefairless.com/work-joe-3/
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