Some investors buy a single house. Some buy a small multifamily. But today on The BiggerPockets Podcast, we sit down with someone who jumped into real estate in a much bigger way! Joel Sherlock is an investor from Canada who put together a $30 million dollar fund to buy real estate in America. You’ll learn why he went this route and how you can follow a similar strategy in your own business. You’ll also learn about Joel’s entrance into the world of commercial real estate, including the pros and cons of that niche.

In This Episode We Cover:

How Joel started real estate back in college
Why he eventually moved his investing in Canada to America
How he was able to come up with $32 million in funds
What a “hurdle rate” is
Why he considers his model to be conservative
The kind of properties he’s buying
Why he chose Scottsdale
Innovative strategies for finding deals
How he “trades deals“
How to get fixed-priced bids from contractors
Why he’s made the move to commercial real estate
Why people avoid commercial real estate
How to evaluate strip malls
Tips for analyzing commercial deals
Future plans for his business
And SO much more!

Links from the Show

Books Mentioned in this Show

The Millionaire Real Estate Agent by Gary Keller
Shift by Gary Keller
Think and Grow Rich by Napoleon Hill
The Saint, the Surfer, and the CEO by Robin Sharma

Tweetable Topics:

“It’s exactly the same thing, there is just more zeroes.” (Tweet This!)
“In the real estate sales world, as soon as you stop selling, you stop stop making money.” (Tweet This!)
“Getting started is the key. You don’t have to be great to start but you have to start to be great.” (Tweet This!)

Connect with Joel

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