TME 05 | Stop Chasing the Woman in the Red Dress: Multifamily Is the Smartest Move with Joe Fairless

Title: Stop Chasing the Woman in the Red Dress: Multifamily Is the Smartest Move with Joe Fairless

Summary:

In this conversation, Joe Fairless and Seth Bradley discuss the importance of authenticity in business, the current state of the multifamily real estate market, and effective strategies for raising capital. Joe shares insights on sticking with multifamily investments despite market fluctuations, leveraging technology like AI and EOS for operational efficiency, and the significance of building authority and expertise in the field. The discussion also touches on personal reflections and aspirations, emphasizing the value of character and commitment in both business and personal life.

Links to watch and subscribe:

 

Bullet Point Highlights:

• Authenticity is key in business interactions.
• Focus on your strengths and expertise.
• The multifamily market fundamentals remain strong.
• Utilize technology to enhance capital raising efforts.
• Building authority is crucial for new capital raisers.
• Networking through influential connections can be effective.
• Character is more important than reputation.
• Sticking to one niche can lead to greater success.
• Continuous learning and adaptation are essential.
• Coaching and mentoring can be fulfilling personal pursuits.

Transcript: 

Joe Fairless (00:03.629)

Hey, how you doing?

 

Seth Bradley, Esq. (00:04.881)

Alright man.

 

How are you? I don't know if we've actually met in person or not, but funny, I'll share the story once we start officially recording, but once upon a time when I was trying to find my place in this syndication world, had a phone call with you and it was awesome to actually get to speak with you at the time because it was just like, whoa, this is Joe Fairless, right? So it was a huge deal, so it's awesome to have you on the show.

 

Joe Fairless (00:34.966)

You know what? I take notes of every conversation and I see it was around May of 2019. Yeah, yeah, I see that. It's awesome. Well, looking forward to every five years we should do this.

 

Seth Bradley, Esq. (00:43.988)

There you go. There you go. Awesome, man. Awesome.

 

Yeah, let me...

 

Seth Bradley, Esq. (00:53.1)

Sounds good, man. Sounds good. Sounds good. So just to give you a little bit of groundwork here. So I'm a securities attorney by trade. I've raised capital for syndications, those sorts of things. I'm currently with Tribest, I'm chief legal officer over there. So we do, put together fund to funds in a box for capital aggregators. And I'm rebranding the podcast. So once upon a time it was Passive Income Attorney. I was really focused on bringing in investors into my deals, raising capital, that sort of thing.

 

Now I'm rebranding this as raising the bar gonna be kind of more of a general General podcast on business and raising capital and in real estate that sort of thing. So It's gonna be more of a general audience before it was past investors This is gonna be more kind of business people active investors because I'm actively trying to bring in you know capital raisers and People like that. They're putting deals together for my law firm and for for tribe vest

 

Joe Fairless (01:33.998)

Mm-hmm.

 

Joe Fairless (01:48.354)

Mm-hmm.

 

Joe Fairless (01:51.884)

Makes sense. Thanks for that context.

 

Seth Bradley, Esq. (01:53.544)

Yeah, cool cool. So and then format wise we'll just do it'll be pretty short We're gonna do like 25 minutes 30 minutes And then we'll go into kind of these like mini segments because I want to do these mini episodes And I think I sent those over to you one is just million dollar Monday. Just kind of how you made your first million How you made your last million how you're make your next that sort of thing and then the next one is the the 1 % segment which is kind of you know, how did you become basically?

 

Joe Fairless (02:00.504)

Sweet.

 

Joe Fairless (02:15.47)

Mm-hmm.

 

Seth Bradley, Esq. (02:21.364)

1 % like the best top 1 % in what you do and that sort of thing and just kind of giving actionable steps to the listeners about how they can get there too.

 

Joe Fairless (02:25.442)

Mm-hmm.

 

Joe Fairless (02:30.314)

Awesome. Sounds good. Sounds like fun.

 

Seth Bradley, Esq. (02:32.98)

Cool. All right, man. Well, we're already recording, so I'l