214: Building a $30M Fund to Invest in Real Estate with Joel Sherlock

<p>Some investors buy a single house. Some buy a small multifamily. But today on The&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, we sit down with someone who jumped into real estate in a much bigger way!&nbsp;<strong>Joel Sherlock</strong>&nbsp;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.</p><p>In This Episode We Cover:</p><ul><li>How Joel started real estate&nbsp;back in&nbsp;<strong>college</strong></li><li>Why he eventually moved his investing in&nbsp;<strong>Canada to America</strong></li><li>How he was able to come up with&nbsp;<strong>$32 million&nbsp;in funds</strong></li><li>What a “<strong>hurdle rate</strong>” is</li><li>Why he considers his model to be&nbsp;c<strong>onservative&nbsp;</strong></li><li>The kind of properties he’s<strong>&nbsp;buying</strong></li><li>Why he chose&nbsp;<strong>Scottsdale</strong></li><li>Innovative strategies for&nbsp;<strong>finding deals</strong></li><li>How he “<strong>trades deals</strong>“</li><li>How to get&nbsp;<strong>fixed-priced</strong>&nbsp;bids from contractors</li><li>Why he’s made the move&nbsp;to<strong>&nbsp;commercial</strong>&nbsp;real estate</li><li>Why people&nbsp;<strong>avoid</strong>&nbsp;commercial real estate</li><li>How to evaluate&nbsp;<strong>strip malls</strong></li><li>Tips for&nbsp;<strong>analyzing</strong>&nbsp;commercial deals</li><li>Future&nbsp;<strong>plans</strong>&nbsp;for his business</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="https://www.biggerpockets.com/jobs" target="_blank">We are hiring!</a></li><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://bond.co/" target="_blank">Bond</a></