Real Estate Investor Podcast
The Real Estate Investor Podcast, powered by Break of Day Capital, brings you in-depth conversations with the top minds in real estate investing. Each episode uncovers proven strategies and lessons learned across multifamily, commercial, and other alternative asset classes. Whether you’re a seasoned investor or just starting out, you’ll gain practical tools and real-world wisdom to help you invest smarter, avoid pitfalls, and build long-term wealth through passive income.
Real Estate Investor Podcast
Episode #142: Joel Fine – Development vs. Value-Add
While some people do strictly value-add or development, today’s guest does both! Based in Austin, Texas, Joel Fine is a general partner in 1,200 doors, including some ground-up development projects. He is also a limited partner in 17,000 doors across 15 states. Joel has been in real estate full-time for only four years. Prior to that, he was a business owner, entrepreneur, executive program manager, and engineer. In this episode, Joel explains why he does both development and value-add, the key differences between the two, and how doing both helps him diversify and mitigate risk. To find out what criteria he looks for in development projects, some of the biggest obstacles he’s faced in recent projects, and why having great partners is key to his success, tune in today!
Key Points From This Episode:
- An introduction to Joel Fine and how he got into real estate investing.
- Why Joel does both development and value-add.
- How he got comfortable moving into the development space.
- Some of the key differences between development and value-add.
- The criteria he looks for in projects on the development side.
- Some of the other metrics he looks for to determine if a project is viable.
- The two biggest obstacles Joel has been facing in his recent projects.
- Why Joel believes his asset management superpower is finding great partners.
Links Mentioned in Today’s Episode:
Asset Management Mastery Facebook Group
