This is an LFI episode and LFI is now part of PassivePockets.
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In this episode of Passive Investing from Leftfield, we’re thrilled to have Joe Fairless, co-founder of Ashcroft Capital, join us. Joe shares his incredible journey from the advertising world to real estate investing, managing over $2.7 billion in assets. Tune in as we discuss navigating market challenges, the importance of vertical integration, and the future of apartment investments. Don’t miss Joe’s valuable insights and advice for both new and seasoned investors!
Now Next and How to Take Advantage in Multifamily by Joe Fairless PDF
About Joe Fairless
Joe Fairless is the Co-founder of Ashcroft Capital, managing over $2.7 billion in assets. Beyond his role at Ashcroft, Joe created the “Best Real Estate Investing Advice Ever Show,” the longest-running daily real estate podcast globally, boasting over 500,000 monthly downloads. Joe is a proud Texas Tech Alumni Advisor Board member for the College of Media and Communication and has been honored as an Outstanding Alumni at Texas Tech University, where he also served as an Adjunct Professor. He actively contributes as a Junior Achievement Board Member and Volunteer for the Cincinnati chapter and has been inducted into the Junior Achievement’s Free Enterprise Society. Joe also volunteers at Crossroads Hospice and was named Multifamily Investor of the Year by Think Realty Magazine. Together with his wife, Joe founded Best Ever Causes, supporting 69 non-profits over the past 65 months.
Key Points From The Episode:
• Joe Fairless discusses his transition from a career in advertising to real estate investing.
• He highlights the importance of understanding and managing market fluctuations.
• Joe shares insights into the benefits of vertical integration in real estate operations.
• He emphasizes the significance of transparent communication with investors during capital calls.
Timestamps:
01:55 His journey
09:53 Transitioning into multifamily
15:20 “Best Ever”
17:15 Becoming vertically integrated in Ashcroft
19:55 Why is he focusing on certain markets
24:25 Navigating market problems
30:06 Capital call process
37:58 Lessons learned from capital calls
45:22 How LPs should view operators who have had some trouble
48:15 Podcast Recommendations
48:25 Contact Joe
Podcast Recommendations:
Jim Rome
Resources Mentioned:
Contact the guest:
Social Media
LinkedIn
Website
Advertising Partners: