Listen "Serving the Underserved Communities in America’s Heartland | Josh Fischer"
Episode Synopsis
Josh is a principal at Birgo and is primarily responsible for all aspects of acquisitions, including prospecting, deal screening, underwriting, negotiations, due diligence, and closing. He has successfully sourced and closed on approximately $275 million of investment real estate. Josh also oversees capital raises for funds, Birgo’s commercial real estate portfolio, and all fund marketing campaigns. [00:00 - 12:10] Providing Impact in the Work Itself Falling in love with the idea of purchasing one time for perpetual returns Understanding how the real estate business impacts people’s lives Measuring impact through anecdotes, reports, and quantifiable data [12:11 - 27:26] No One Wants Surprises through the Deal-Making Process Josh identifies what it takes to be a good property management Acquiring stabilized but underutilized multifamily Due diligence by looking into past performance, physical property inspections, and vendor relationships [27:27 - 32:33] The Importance of Encouraging Transparency and Collaboration A relational approach to the deal-making process and inviting collaboration Making the transaction as smooth as possible through closer involvement Having people excited to be a tenant in your properties [32:34 - 40:06] Closing Segment The Lightning Round Know more about how you can invest actively at www.reiturn.com! Connect with Josh! Website: www.reiturn.com Quotes: "I think societally we can tend to think that there's the work that a business does and then there's this little footnote on the website that says, ‘We care about people and we donate’... Of course, there's nothing wrong with that. It's wonderful to be philanthropic and give to charity. But I think what that subtly signals is that… there's impact and there’s what we actually do…two separate things. And I think that just doesn't have to be the case. The work itself is impactful, and what the business does should be set up that everybody believes we are making a positive dent in the world through our business itself.” - Josh Fischer “We've actually built impact into the whole reason we exist as a business, it's not just this little corner that we have at the bottom of our website buried in the footnotes where we're talking about, you know, we donate some portion of profits… There doesn't have to be this dichotomy, you can actually think about impact in terms of the good that your work does in the world.” - Josh Fischer Visit our website www.reiturn.com to learn more about High-Quality Recession Resistant Assets for the Everyday Investor -- LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, YouTube, or whatever platform you listen on. Thank you for tuning in, and Stay Tuned for the next episode COMING SOON!
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