Joe Fairless
11 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Apr 15, 2016 by Joe Fairless · said 1 times in 1 episodes since 2016 · across every show →
On the record as a speaker too: Joe Fairless's record, appearances and statements → this page counts the times other people say the name.
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Everything said about Joe Fairless, oldest first
Apr 15, 2016 neutral
Fairless: Master lease avoided nearly $1M prepayment penalty on 6.19% loan
“We did a master lease with option to purchase because there's a large prepayment penalty on the property. And you know, upwards to almost a million dollars. And the loan wasn't very desirable to assume because it was 6.19%.”
Apr 15, 2016
Apr 15, 2016
Apr 15, 2016 positive
Apr 15, 2016 neutral
Fairless: Retained 12.98% equity worth nearly $200K on first apartment deal
“And then on the ownership, I have 12.98% Ownership, which when you factor in the net worth, now cashflow standpoint doesn't mean anything until you actually sell it. But the net worth, you know, with the, with equity, it's valued almost around 200,000 dollars.”
Apr 15, 2016 neutral
Fairless: Multifamily syndicators charge 1-3% acquisition and 0.5-2% management fees
“Generally speaking, when you do, it's called multifamily syndication. And you know, there, there's multiple ways to do it, but generally the three main ways are one is acquisition fee and I'll get specific in a second. I just want to stay at a high level. One …”
Apr 15, 2016
Apr 15, 2016 positive
Apr 15, 2016
Apr 15, 2016
Fairless: Early single-family rentals yielded roughly $200 monthly profit each
“I had purchased my first house in 2009 and then my second one, third, fourth. So I ended up having four houses at that point between 2009 and like 2012 or so. And what I realized by purchasing the houses is that I was making like, you know, 200 bucks a month. …”
Apr 15, 2016
Fairless: Daily podcast generates $5K in monthly sponsorship revenue
“I probably make, you know, it varies every month, but probably around, I bring in probably on average, 5000 and then, you know, minus say 2500 to 3000 in cost depending on the month.
So probably a couple thousand dollars a month.”