Best Real Estate Investing Advice Ever

Today, in the final episode of our year-end Best of 2023 series, we’ll feature the best of the co-founder of Ashcroft Capital — also the founder of Best Ever CRE and the creator of the Best Real Estate Investing Advice Ever Show — the one and only, Joe Fairless. From the Best Ever Conference, to the Best Ever book club, to the Cincinnati meetup, to the podcast itself, Joe has shared a tremendous amount of knowledge and experience with the Best Ever community in 2023. 

In this episode, Joe relives his worst-ever deal, looks back on his biggest mistakes, and shares some key takeaways from the books he’s read in 2023.

 

You can listen to the full episodes of each show below.​​ 

Also, click here to join the Best Ever Book Club, and if you want to secure 15% off your Best Ever Conference ticket, click here and use the promo code BEC2024.

 

 

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Direct download: jffinal.mp3
Category:general -- posted at: 3:17am EST

Today, in the fourth installment of our year-end Best of 2023 series, we’ll focus on something that will make our host Ash Patel very happy.

Industrial real estate.

Industrial has risen up the ranks in desirability when it comes to commercial assets in 2023, with flex industrial emerging as a new darling asset class. So we’ve pulled the best clips from some of the best episodes from 2023 that featured the best industrial (and flex) investing advice ever. In this episode, Faraz Hemani explains why he is expanding from self-storage into flex industrial, Joel Friedland touts Chicago as America’s biggest industrial hub, and Neil Wahlgren discusses the benefits and nuances of NNN leases and how investors can pivot from multifamily to industrial. 

 

You can listen to the full episodes below.​​

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Direct download: industrial.mp3
Category:general -- posted at: 6:11am EST

Today, in the third installment of our year-end Best of 2023 series, we’ll focus on one of the hottest asset classes in recent memory.

Mobile home parks.

In this episode, Derek Vickers takes us through his first mobile home park investment, sharing the lessons he learned in the process of turning a nasty, crime-ridden park into a prime cash-flowing asset. Meanwhile, Tyler Lekas highlights the biggest mistakes mobile home park investors make, Mario Dattilo explains vertical integration and why there’s safety in scale, and Daniel Weisfield debunks mobile home park myths and shares how investors can get in on the mobile home park development game.

 

You can listen to the full episodes below.​​

 

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Direct download: mobilehomeparks.mp3
Category:general -- posted at: 3:14am EST

Today, we’re continuing our countdown to the new year by looking back at some of the best episodes from the Best Ever Show in 2023. We’ve pulled the best clips from some of this year’s best episodes that featured the best self-storage investing advice ever. In this episode, we’ll hear from Connor Gross, Faraz Hemani, Travis Baucom, AJ Osborne, and the Sultan of Storage himself, Baird Kleinsmith. You can find links to each of their episodes in the show notes.

Connor discussed why he chose self-storage over other asset classes, including how he 3X’d the NOI on his very first deal. Meanwhile, Faraz provides tips on how to find — and talk to — the right sellers in a competitive market, Travis takes us through his due diligence process, and AJ explains his firm’s buying strategy in 2023, including how he accounts for the threat of new construction disrupting the supply and demand balance in a particular market. Baird wraps it up by explaining why he targets “crappy” self-storage facilities, his secrets to quickly scaling to eight facilities, and the hardest lessons he’s learned along the way.

 

You can listen to the full episodes below.​​

 

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Direct download: newyear2.mp3
Category:general -- posted at: 3:13am EST

Today, we’re going to start counting down to the new year by looking back at some of the best episodes from the Best Ever Show in 2023. So what we’ve done — and what we’ll do over the next five days heading into 2024 — is pull some of our favorite Best Ever segments from shows throughout the year so you can get educated and inspired as we move into the new year.

In this episode, we’ll focus on multifamily, pulling clips from episodes with Vikram Raya, Patrick Grimes, Jay Balekar, and the king of creative finance, Pace Morby.

Vikram discusses how he went from Zero to $700M AUM in about eight years, including acquiring his first property, a 118-unit deal on a C-class property outside of Atlanta that he and his partners only got the inside track on because the lead buyer backed out after there was a murder on the property. Meanwhile, Patrick explains some of the biggest lessons he learned from the recent economic downturn, Jay provides his tips on working with third-party property management companies, and Pace explains the Zero down, 4% seller finance deal he did that became the standard for his multifamily deals.

 

You can listen to the full episodes below.​​

 

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Direct download: bestyearfinal2222.mp3
Category:general -- posted at: 5:04am EST

Wil Glafenhein, Owner of Honors Real Estate Services, dives into his strategies for success in building an $85 million portfolio. He shares tips for bringing in direct to seller leads and stresses the need for consistency and patience in today’s market where most deals just aren’t penciling.

Key Takeaways:

  • Lead Generation Strategies: Wil discusses various lead generation strategies, including targeting properties based on ownership type (individual vs. LLC) and understanding the importance of allocating sufficient resources to marketing campaigns. He emphasizes the need for patience and consistency in generating leads, especially in competitive markets.
  • Mindset and Purpose: Beyond profit, Wil emphasizes the importance of mindset and purpose in the commercial real estate business. He recommends maintaining clarity on your goals and values while fostering a positive mindset.
  • Effective Communication and Planning: Wil stresses the significance of clear communication and strategic planning when partnering with others. Having contingency plans and outlining expectations upfront can prevent potential conflicts and ensure smooth operations over the long term.

Wil Glafenhein | Real Estate Background

  • Owner of Honors Real Estate Services
  • Portfolio:
    • $85 million AUM: apartments, office, assisted living 
  • Based in: Knoxville, TN
  • Say hi to him at: 
  • Best Ever Book: The Screwtape Letters by C.S. Lewis
  • Greatest Lesson: Disciplined effort with a clear vision is what is needed to grow with consistency.

 

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Direct download: JF_3403_Wil_Glafenhein.mp3
Category:general -- posted at: 3:00am EST

Jason Yarusi, Owner of Yarusi Holdings, shares the investing wisdom he’s earned from building a portfolio of over 2,300 multifamily units. He discusses the value in developing a long-term strategy and sticking to it despite economic conditions, investing in tertiary markets outside the ebbs and flows of major metros, and why the Fed’s recent announcement about potential interest rate cuts was so surprising.

Key Takeaways:

  • Adapting to Market Uncertainty: Jason emphasizes the importance of having a flexible business plan that can adapt to market fluctuations. He discusses how Yarusi Holdings strategically navigates through changing economic conditions and maintains a focus on long-term investment goals.
  • Investor Education and Strategy Alignment: Jason suggests educating investors about the market and helping them understand how specific opportunities fit into their portfolios. Having a clear strategy and a diversified approach can mitigate risks in uncertain times.
  • The Impact of Interest Rates and Market Sentiment: The conversation touches on the surprising announcement of potential interest rate cuts by the Fed. Jason and Ash discuss the significance of market sentiment and its influence on investor decisions. Understanding the broader economic context is crucial for making informed investment choices.

Jason Yarusi | Real Estate Background

  • Owner and Managing Partner of Yarusi Holdings
  • Portfolio:
    • 2,300 units
  • Based in: Murfreesboro, TN
  • Say hi to him at: 
  • Best Ever Book: How to Master a Fit and Rich Life in 15 Days by Jason Yarusi
  • Greatest Lesson: Develop a long-term strategy, and stick to it.

 

Check out Jason’s previous episode: 2877 - Producing Massive Results in an Unpredictable Economic Climate

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Direct download: JF_3400_Jason_Varusi_.mp3
Category:general -- posted at: 3:01am EST

Mauricio Rauld, SEC Attorney with over 25 years of experience in real estate syndication law, shares what syndicators need to know to avoid SEC violations. He highlights some of those most common mistakes he sees syndicators making, why capital raisers need to speak with an SEC attorney, and the impact the Corporate Transparency Act will have on investors.

Key Takeaways:

  • Building Investor Relationships: Mauricio emphasizes the importance of quality interactions over time in order to protect yourself against relationship-based SEC violations. He clarifies that the SEC doesn't have a specific timeframe but looks for the depth of the relationship. A three-day field trip with meaningful conversations can be more effective in establishing a substantial relationship than a year of one-sided communication through newsletters or social media.
  • Corporate Transparency Act (CTA): Mauricio highlights the upcoming CTA, set to take effect in 2024. This act requires individuals with ownership or control of entities to provide personal information, including home addresses and driver's license details, to combat money laundering and tax evasion. Failure to comply with the CTA can result in substantial penalties, making it crucial for investors to stay informed and ensure compliance.
  • Common SEC Pitfalls: Mauricio highlights the three most common violations syndicators commit, which include not realizing they are selling a security, getting compensated to raise capital for sponsors, and promoting a deal on social media.

Mauricio Rauld | Real Estate Background

  • Founder of Premier Law Group, SEC Attorney
  • Portfolio:
    • LP in syndication deals
  • Based in: Macomb, MI
  • Say hi to him at: 
  • Best Ever Book: Buy Back Your Time by Dan Martell
  • Greatest Lesson: Trust, but verify. You can never go wrong doing proper due diligence to protect yourself in any deal.

 

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Direct download: JF_3399_Mauricio_Rauld_.mp3
Category:general -- posted at: 3:03am EST

In this episode, we sit down with Matt Drouin, the managing partner at Oak Grove Companies. With 17 years of experience and a portfolio spanning 176 units and over 500,000 square feet of commercial real estate space, Matt's journey from residential sales to multifamily investments and ultimately, to thriving in the evolving office space sector, offers valuable lessons for both seasoned and aspiring real estate investors.

Key Takeaways:

  • Redefining Office Space: Matt's success in downtown office spaces challenges conventional wisdom. He emphasizes that smaller, sub-3,000 square feet, well-located office units geared toward mom-and-pop businesses can be the secret to thriving in this sector. Understanding the specific needs of your market and potential conversion opportunities are crucial.
  • Adaptability is Key: The discussion underscores the importance of adaptability in real estate investing. Matt's strategy revolves around finding deals that offer a plan B if the initial thesis doesn't pan out. Whether repositioning as an office building or converting to residential use, having multiple exit strategies can mitigate risks and enhance returns.
  • Networking and Education: Matt's advice for investors centers on the significance of networking and continuous learning. He encourages real estate enthusiasts to surround themselves with experienced investors and become obsessed with their aspirations. Leveraging platforms like podcasts and actively participating in real estate investor associations can provide valuable insights and support.

Matt Drouin | Real Estate Background

  • Managing Partner At OakGrove Companies
  • Portfolio:
    • 70% multifamily, 30% retail, industrial and office
  • Based in: Rochester, NY
  • Say hi to him at: 
  • Best Ever Book: The Snowball Warren Buffett Effect by Alice Schroeder
  • Greatest Lesson: If you focus on long term stakeholder value, you'll generate higher returns for your investors.

 

Check out Matt’s previous episode: 2507 - Financial Freedom by Age 33

 

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Direct download: JF_3398_Matt_Drouin.mp3
Category:general -- posted at: 3:00am EST

George Roberts, data scientist and principal at Roberts Capital, shares his insights on how to get your foot in the door with a GP team, steps to becoming a thought leader, and why he thinks interest rates may fall sooner rather than later.

Key Takeaways:

  • Economic Insights and Challenges: George discusses the challenges posed by the ever-increasing national debt and its potential impact on interest rates and the economy. He emphasizes the importance of understanding historical data and market sentiment when making investment decisions. George highlights that success in commercial real estate requires a deep dive into market specifics, as real estate is hyper-local, and what works in one area may not work in another.
  • Multifamily Investment Strategies: George's journey from single-family to multifamily investments underscores the value of partnerships and networking in the real estate industry. He explains the importance of driving for deals, being patient, and playing the long game in finding lucrative opportunities. George sheds light on the concept of "value over price," urging investors to focus on the fundamentals rather than simply chasing after deals.
  • Navigating LinkedIn and Building Authentic Content: When discussing success on LinkedIn, George emphasizes the power of authenticity and storytelling. He suggests sharing your journey, including challenges and successes, to engage your audience and create relatable content. George encourages investors to use social media as a platform for education and connection, building relationships and trust within the industry.

George Roberts | Real Estate Background

  • Principal at Roberts Capital
  • Portfolio:
    • 310 units 
    • One single family rental
    • 3 single family homes in the process of construction
  • Based in: Macomb, MI
  • Say hi to him at: 
  • Best Ever Book: How to Win Friends and Influence People by Dale Carnegie
  • Greatest Lesson: Don't fall victim to FOMO and commit to a deal that doesn't truly make sense. A bad deal can hurt you more now than ever before. 

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Direct download: JF_3397_George_Roberts_.mp3
Category:general -- posted at: 3:00am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

Value-add strategies are everywhere. You just have to know how and where to find them. In this episode, Travis shares his own personal stories of embracing a value-add mindset outside of real estate to negotiate great terms and turn a profit.

 

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Direct download: JF_3395_Passive_Investor_Tips_75.mp3
Category:general -- posted at: 3:00am EST

Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.

 

Today’s Headlines:

$4.5B Portfolio for Sale: Lennar has put a massive 11,000-unit multifamily portfolio up for sale. The portfolio is spread across 38 properties in 15 states and is valued at a staggering $4.5 billion. JLL has been tapped to manage the sale.

Bye Bye, Boom: Warehouse construction starts have plunged 48%, the steepest drop since 2009, all while industrial real estate sales at large fell by 45% in Q3, prompting the Wall Street Journal to declare that the Great American Warehouse Building Boom is over.

Retail’s Heating Up: Office real estate posted a third consecutive month of pricing gains while retail thrived, posting a fourth straight month of pricing gains and an average occupancy rate of nearly 86%, its highest since October 2022, according to Crexi data.

Today’s Guest: Jarred Schenke is a veteran commercial real estate journalist and currently writes for Bisnow. Recently, he researched and wrote a piece about how when it comes to multifamily, renter application fraud has gained significant momentum in 2023, largely due to three key factors:

  1. The ease with which renters can forge documentation in the digital application process — or apply using a stolen identity altogether.

  2. The accessibility on social media (like TikTok, Twitter, Reddit, and more) to information on how to forge such documents (or, in some cases, the ability to purchase fully fraudulent document packages directly).

  3. Law enforcement’s inability (and, let’s be real, unwillingness) to do anything about it.

 

He joined our host, Paul Mueller, to discuss his piece, the biggest surprises from his research, the overall trend of renter fraud, and how social media is enabling the troubling trend.

 

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Direct download: v2upload.mp3
Category:general -- posted at: 3:12am EST

In this episode, we chat with Martin Grizzanti of Suplex Properties. Martin has over $20 million in AUM in the Rochester, New York area. Martin and Slocomb discuss their unique approaches to finding off-market deals, the power of partnerships, and the valuable lessons they've learned along the way in their investing journeys.

Key Takeaways:

  • Off-Market Opportunities: Marty and Slocomb emphasize the importance of creating your own market by actively seeking off-market deals. Their successful strategy involves cold calling, direct mail, and targeted marketing campaigns, which have proven to be effective in finding hidden opportunities.
  • The Value of Partnerships: The podcast highlights the significance of choosing the right partners in commercial real estate ventures. Marty shares a valuable lesson about the importance of having candid conversations about roles and expectations within a partnership before diving into a deal, ensuring a smoother and more equitable collaboration.
  • Continuous Learning: Whether it's exploring various asset classes or refining sales and marketing skills, they believe that continuous learning and adaptation are key to long-term success in the ever-evolving commercial real estate industry.

Martin Grizzanti | Real Estate Background

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Direct download: JF_3393_Martin_Grizzanti_.mp3
Category:general -- posted at: 1:44am EST

Victor Leite, Partner at Twenty-Five Eight Capital, delivers his take on how to strategically scale a portfolio and the operations to go along with it in today’s market. He shares tips on going direct-to-seller on deals, how syndicators can minimize damage on distressed deals, and advice to new investors looking to dip their toe into the CRE world.

Key Takeaways

  • Preserve Your Reputation Above All: Victor emphasizes the significance of reputation and trust in the world of commercial real estate investing. He believes that safeguarding your reputation and maintaining the trust of your partners and investors is more valuable than any capital in your bank accounts.
  • Flexibility and Long-Term Thinking: Real estate is a long-term game, and Victor advises investors to adopt a forward-thinking approach. Instead of seeking perfection in every deal, focus on progress and flexibility, adjusting your strategies to changing market conditions.
  • Prepare for Market Cycles: Victor acknowledges the uncertainty in today's market, with shifting interest rates and economic conditions. He recommends staying prepared for market downturns, collaborating with experienced partners, and actively seeking off-market deals to capitalize on opportunities.

 

Victor Leite | Real Estate Background

  • Partner at Twenty-Five Eight Capital
  • Portfolio:
    • Mix of single family homes, multifamily, flex industrial, and retail
  • Based in: Virginia Beach, VA
  • Say hi to him at: 
  • Best Ever Book: Breaking the Habit of Being Yourself by Joe Dispenza 
  • Greatest Lesson: Trying to do everything myself and not bringing in my partners sooner.



Listen to Victor’s previous episode: 2096 - Going From The Medical Field to Investing

 

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Direct download: JF_3392_Victor_Leite_.mp3
Category:general -- posted at: 3:20am EST

Bill Ham, founder of Real Estate Raw and previous owner of over 1,000 multifamily units, shares his wisdom on gauging market cycles, the importance of cash flow and net worth, and why he chose to sell his entire real estate portfolio. 

Key Takeaways:

  • Cash Flow vs. Equity: Bill emphasizes the importance of balancing cash flow and equity in your commercial real estate investments. He aptly states, "Cash flow gets you out of a job, but equity keeps you there." This insightful perspective highlights the need to consider both short-term profitability and long-term wealth-building when making investment decisions.
  • Legacy Wealth and Business: Bill challenges the notion of leaving behind individual assets as a legacy. Instead, he suggests focusing on leaving a legacy of education, business models, and systems, emphasizing that individual assets may not always be the best gift to pass on to the next generation.
  • Getting Started: Bill's best advice for aspiring commercial real estate investors is simple: get started. He encourages listeners to acquire an education, analyze deals, and network within the industry. Bill dispels the myth that real estate investing is only for a select few, emphasizing that anyone can succeed in the business with the right knowledge and determination.

Bill Ham | Real Estate Background

  • Real Estate Raw
  • Portfolio: 
    • Nothing - sold everything in 2022
  • Based in: Atlanta, GA
  • Say hi to him at: 
  • Best Ever Book: Creative Cash by Bill Ham
  • Greatest Lesson: Get an education and get started. It's always the right time to buy real estate.

 

Check out Bill’s previous episode: 2449 - Master Seller Financing, Leasing and Creative Financing

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Direct download: JF_3391_Bill_Ham_.mp3
Category:general -- posted at: 3:00am EST

On this episode, Joe Cornwell interviews Jordan Moorhead, a real estate investor who has transitioned from multifamily properties to mobile home parks for better scalability and lower maintenance. Morehead also runs a real estate business with a focus on house hacking, emphasizing adaptability and strategic partnerships in real estate investing.

Key Takeaways -

  • Investment Strategy Evolution: Jordan Morehead transitioned from focusing on small multifamily deals to investing in single-family homes, and most recently, to mobile home parks.
  • Scalability and Maintenance: He emphasizes the scalability and reduced maintenance of mobile home parks compared to single-family homes.
  • Real Estate Agent Business: Morehead operates a real estate agent business, specializing in assisting clients with house hacking strategies.
  • Importance of Adaptability: The episode highlights the need for adaptability in real estate investing, adapting strategies to market conditions and personal growth.

Jordan Moorhead | Real Estate Background

  • The Moorhead Team
  • Based in: Austin, TX
  • Say hi to him at: 
  • Best Ever Book:  Cashflow Quadrant by Robert Kiyosaki
  • Greatest Lesson: Buying without proper due diligence.

 

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Direct download: JF_3396_Jordan_Moorhead_.mp3
Category:general -- posted at: 3:00am EST

Ashley Wilson, CEO of Bar Down Investments, covers a wide variety of topics and challenges facing today’s real estate investors. She discusses the current market conditions and the challenges her team is facing in evaluating property values. Ashley shares the types of value-add deals they are looking for, including distressed properties and unfinished projects with insights into the losses experienced by developers in the current market.

She also shares her insights on preparing for the impact of COVID-19 and gives recommendations for giving back and learning from investment mistakes.

Key Takeaways:

  • Operations is Everything: In a downturn, when interest rates and costs are rising fast, the only thing you can fall back on is solid operations. Ashley shares the strategies and safeguards her team has in place to protect their deals and their investors when times get tough.
  • Relationships Are Key in Commercial Real Estate: Ashley emphasizes that commercial real estate is a highly relationship-based industry. Building strong rapport with brokers, investors, and other stakeholders is paramount to gain a competitive edge.
  • Adaptability and Forward Thinking: Ashley's experiences during the COVID-19 pandemic demonstrate the significance of adaptability and forward thinking in real estate. She outlines the steps her team took before the pandemic hit, which allowed them to thrive when others struggled. Planning for multiple scenarios and being prepared for unexpected market shifts is crucial.
  • Value-Add Strategies and Community Building: Ashley discusses her approach to value-add investments, focusing on existing properties. Her strategy extends beyond cosmetic enhancements, encompassing operational improvements, safety measures, and community engagement. By making investments that benefit both tenants and the local community, investors can create long-term value and goodwill.

Ashley Wilson | Real Estate Background

  • CEO of Bar Down Investments
  • Portfolio: 
    • Multifamily properties
  • Based in: Newtown Square, PA
  • Say hi to her at: 
  • Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki
  • Greatest Lesson: Not everyone analyzes deals the same way, and that’s okay. Not every deal has to fit in your perfect little box.

 

Check out Ashley’s previous episode: 2377 - Raising Occupancy and Avoiding Skips during Covid with Ashley Wilson

 

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Direct download: JF_3389_Ashley_Wilson_.mp3
Category:general -- posted at: 3:00am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis shares the story of one investor who is sharing his wisdom about passive investing with his friends and family by teaching them the milk bucket strategy - a reliable and approachable way to learn about and automate passive investing to create financial freedom.

 

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Direct download: JF_3388_Passive_Investor_Tips_74.mp3
Category:general -- posted at: 3:00am EST

Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.

 

Today’s Headlines

Six Interest Rate Cuts in 2024? A recent report from ING Economics predicts that federal interest rates will likely be cut six times in 2024. That’s a bold prediction based on what we’ve seen in 2023. The report cites three key factors: a labor market that it intentionally describes as “cooling, not collapsing,” a gradual easing of inflationary pressures, and — even though spending is still strong — the outlook points to financial pressure hitting millions of households, and soon, which should curb spending and slow overall economic activity.

 

Midwest Corners Market on Apartment Competition: In RentCafe’s 2023 Year-End Report, the company broke down the U.S. rental markets based on competition. And while Miami was the nation’s hottest rental market, the Midwest was the clear winner, with three cities in the top 5 and 10 of the top 30 most competitive rental markets in the U.S. for 2023.

 

Today’s Guest: Logan Freeman, co-founder and principal at FTW Investments, joins Paul Mueller to discuss two recent bills proposed in Congress targeting institutional investors that would reduce their ability to own single-family homes. The first — called the End Hedge Fund Control of American Homes Act — would impose tax penalties that would force big investors to sell off the single-family homes they own over a 10-year period, effectively banning them from owning them entirely. A second bill titled the American Neighborhoods Protection Act was also introduced, and this bill would require corporate owners of more than 75 single-family homes to pay an annual fee of $10,000 per home into a housing trust fund to be used as down payment assistance for families. 

 

Key Takeaways:

  • The title of the first bill may refer to hedge funds, but the definition within the bill says that it would target any applicable entity that “manages funds pooled from investors,” which encompasses a large swath of commercial funds and businesses.

  • Should these bills pass, mobile home parks could be significantly impacted by institutional investors shifting their focus. As investors move out of single-family rentals and into multifamily properties and mobile home parks in an attempt to profit from the affordability crisis, rental rates for manufactured and small homes in these parks may rise sharply. This could benefit park owners but exacerbate the affordability crisis for renters living in mobile homes, who may struggle with rising housing costs.

  • These Democrat-led bills are unlikely to pass in a Republican-controlled house; however, these bills (and those that have come before them) are an indication of what Congress is thinking about. So even if these bills don’t pass — and if Congress decides not to entertain the myriad of potential alternatives that could help with affordable housing — future attacks on real estate investors, institutional or otherwise, could be in coming down the pike.

 

Logan Freeman | Real Estate Background

Direct download: BestEverShow12-12v1.mp3
Category:general -- posted at: 3:00am EST

Iven Vian, the Apartment Ninja Warrior with an 800+ unit portfolio, shares his wisdom about the importance of proactive asset management, being in alignment with your property management company, and facing the realities of real estate investment.

Key Takeaways:

  • Shift from Reactive to Proactive Management: Ivan highlights the critical importance of understanding how today's decisions impact the property's future, focusing on mitigating risks, and maximizing long-term profitability.
  • The Business Mindset in Real Estate: Iven stresses that owning commercial real estate is not just about property ownership; it's about running a business. He dispels the myth that investing in real estate is a passive endeavor, highlighting the necessity of aligning ownership goals and involving property management companies as integral parts of the business strategy.
  • Closing the Gap Between Expectations and Reality: Iven calls for transparency and realism in the industry, advocating for a more seamless transition from underwriting to property management. He believes in addressing misalignment in ownership teams, setting clear priorities, and ensuring all stakeholders have a deep understanding of the operational aspects of a property investment.

Iven Vian | Real Estate Background

  • Owner of Apartment Ninja Warriors
  • Portfolio:
    • 880 doors
  • Based in: Oklahoma City, OK
  • Say hi to him at: 
  • Best Ever Book: Think and Grow Rich by Napoleon Hill
  • Greatest Lesson: If you're doing this as a GP or operator, you have to approach real estate as a business and treat it like one.

 

Check out Iven’s previous episode: 2702 - 4 Ways to Balance a Full-Time Job with Multifamily Investing

 

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Direct download: JF_3386_Iven_Vyan_.mp3
Category:general -- posted at: 3:15am EST

Matt Picheny, a real estate investor and coach with a portfolio of over 4,500 multifamily units, shares his strategies for navigating around increasing expenses, including evaluating your budget for potential savings, creating additional income where possible, and contesting property taxes when appropriate.

Key Takeaways:

  • Expense Reduction Strategies: Matt emphasizes the importance of scrutinizing every line item in the financials, questioning vendor relationships, and seeking opportunities to reduce expenses. He highlights negotiating insurance and taxes, renegotiating contracts, and in-house hiring for specific trades as effective methods to cut costs.
  • Property Tax Contesting: Matt shares his experience with contesting property tax increases, emphasizing that it's an ongoing process. He discusses the alignment of interest with consulting firms that work on a contingency basis, ensuring that they only take on projects where savings are achievable.
  • Acquisitions in the Current Market: Matt outlines his acquisition strategies for the current market, focusing on properties where he can assume seller debt and secure favorable financing terms. He also discusses the potential of new construction deals with advantageous financing, presenting them as the ultimate value-add opportunities.

Matt Picheny | Real Estate Background

  • Real Estate Investor & Coach
  • Portfolio:
    • 4,500+ multifamily units as a GP
    • 7,000+ units as an LP
  • Based in: Brooklyn, NY
  • Say hi to him at: 
  • Best Ever Book: Principles by Ray Dalio
  • Greatest Lesson: I should have bought rate caps on several deals as opposed to using variable rate debt.

Check out Matt’s previous episode: 2679 - 5 Tips for Transitioning from LP to GP

 

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Direct download: JF_3385_Matt_Picheny_.mp3
Category:general -- posted at: 3:00am EST

Mike Deaton, founder of Flipping Dirt and Deaton Equity Partners, sheds light on the world of land flipping. His simple buy low, sell high strategy requires very little time and energy, and results in major profits.

Key Takeaways

  • The Formula for Simple Land Flipping: There are a variety of business models when it comes to land flipping. Mike’s strategy consists of buying properties significantly under market value, doing nothing to them, remarketing them, and selling them within 4 weeks for a hefty profit. There are very few outside parties and logistics involved.
  • Marketing Tips for Land Deals: Mike shares his techniques for marketing and selling land properties quickly. He talks about the websites and platforms he uses to list properties, how and when he works with realtors, and how he approaches conversations with buyers.
  • The Tax Advantages of Multifamily: After seeing such success with land flipping, Mike’s tax bill was less than ideal. He decided to diversify his portfolio by investing in multifamily to take advantage of the tax and depreciation benefits that asset class brings. Now, his tax bill is near zero.

 

Mike Deaton | Real Estate Background

  • Founder of Flipping Dirt and Deaton Equity Partners
  • Portfolio:
    • $1M in land holdings
    • 1,000 multifamily units
  • Based in: Woodland Park, CO
  • Say hi to him at: 
  • Best Ever Book: Mindset by Carol Dweck
  • Greatest Lesson: the current financial environment is providing tons of learning

 

Check out Mike’s previous episode: 2710 - 4 Strategies to Scale as a Multifamily Syndicator

 

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Direct download: JF_3384_Mike_Deaton.mp3
Category:general -- posted at: 3:19am EST

Ross McArthur, co-founder of Follow the Deal Investments, shares his journey in CRE investing, from being terrified to invest in a four-unit property in 2020 to closing 15 deals in 15 months to establish a 600 unit portfolio today.

Key Takeaways

  • Treating Real Estate Like a Business: Even if investing is just a side hustle for you, treat it like a business, not a hobby. This means organizing your operations, setting up dedicated email accounts, and implementing proper accounting and tracking software from day one.
  • Strategic Team Building: The key to building a great team is hiring where you’re weak. You don’t have to hire a full team at 40 hours a week right away. Ross shares the transformative impact that hiring a part-time CFO and partnering with a real estate-focused CPA has had on his business and overall bottom line.
  • The Power of Cash Out Refinancing and Local Banks: Ross increased his portfolio by 100 units in 12 months by utilizing the cash out refinance method and building relationships with local banks who gave him favorable financing terms. In today’s environment, having a good relationship with your local credit union may make the difference in getting a deal done or not.
  • Applying a Sales Process to Your Investing Business: Ross has developed relationships with several key brokers in his market. He calls each of them several times a month to review their pipeline, analyzing new deals and returning to ones he may have passed on previously. This gives a steady pipeline of deals to underwrite and off-market access to potential properties.

 

Ross McArthur | Real Estate Background

  • Follow the Deal Investments
  • Portfolio:
    • Multiple multifamily properties in Indiana
  • Based in: Indiana
  • Say hi to him at: 
  • Best Ever Book: The Decision by Kevin Hart
  • Greatest Lesson: You have to treat real estate investing like a business, not a side hobby. And that means having some form of accounting and tracking software, having a specific email set up, basic things to keep yourself organized like a business.

 

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Syndication Attorneys

Direct download: JF_3383_Ross_McArthur.mp3
Category:general -- posted at: 5:17am EST

Commercial real estate expert Corey Peterson shares his journey of becoming a master of scaling in the multifamily industry. He reveals valuable insights and strategies for success, emphasizing the importance of curiosity and learning from others. Corey discusses various aspects of commercial real estate investing, from engaging with investors to navigating challenges like rising interest rates. 

Key Takeaways

  • The Power of Curiosity and Learning: Corey emphasizes the significance of asking questions and seeking advice from experienced individuals in the field. Being a master copier, he advocates for continuous learning and staying humble, as it's crucial for growth and success in commercial real estate.
  • Effective Investor Engagement: Corey shares his approach to working with investors, highlighting that many are more interested in the operator's track record than chasing high returns. He stresses the importance of quantifying your pitch deck and demonstrating clear value to potential investors.
  • Navigating Market Challenges: Corey provides valuable insights on dealing with challenges like rising interest rates and handling distressed assets. He encourages open communication with lenders, getting lean during tough times, and being prepared for potential capital calls to weather market fluctuations.

 

Corey Peterson | Real Estate Background

  • CEO and Founder of Kahuna Investments
  • Portfolio:
    • 3,000 units/beds valued at over $250 million
  • Based in: Chandler, AZ
  • Say hi to him at: 
  • Greatest Lesson: Become a master copier of those you admire and want to follow.

Past episodes featuring Corey Peterson - JF3240, JF1631

Don't forget to grab Corey's latest book, Trust But Verify: The Passive Investor's Guide to Evaluating Real Estate Syndicators by texting "trust" to 480-500-1127 for a comprehensive guide to vetting syndicators and making informed investment decisions.

 

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Direct download: JF_3382_Corey_Peterson.mp3
Category:general -- posted at: 3:00am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

On this episode of Passive Investor Tips, Travis Watts shares his journey from a dangerous oil and gas job to a safer, fulfilling career through passive income investments. His story illustrates how passive income can provide more life options and freedom, emphasizing its importance for a better work-life balance.

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Direct download: JF_3381_Passive_Investor_Tips_73.mp3
Category:general -- posted at: 3:00am EST

Commercial real estate expert, Reid Bennett, joins host Paul Mueller to discuss the trends and challenges that investors should keep an eye on as they navigate the complex landscape of commercial real estate in 2024. From rising insurance premiums to supply chain issues, Bennett shares valuable insights that will help investors make informed decisions in the coming year.

Key Takeaways

  • The Three Ds of Selling: Bennett emphasizes the importance of monitoring owners' motivations, often driven by "death, disease, or divorce," which can lead to opportunities for investors. Additionally, lenders are facing tough decisions as debt service coverage ratios drop, potentially resulting in distressed property sales.
  • Timing the Market: Bennett advises investors not to try to time the market's bottom but instead to focus on deals that make sense with today's debt. He highlights the potential for deals to work out well even with current interest rates, stressing the importance of realistic assumptions.
  • Prepare for Distressed Opportunities: With a prediction of increased distress in 2024, Bennett suggests that investors act swiftly when opportunities arise. He cautions against overestimating rental increases and expense reductions, advocating for a conservative approach to assumptions.

Reid Bennett | Real Estate Background

  • National Council Chair of Multifamily Properties for SVN, a full-service commercial real estate franchisor of the SVN® brand comprised of over 1,600 commercial real estate advisors and staff that continues to expand across the globe. Multifamily real estate broker who works without council to serve multifamily clients in over 170 markets around the country.
  • Based in: Chicago, IL
  • Say hi to him at: 
  • Best Ever Book: Insider’s Edge to Real Estate Investing by James L. Nelson
  • Greatest Lesson: Hire a coach, and if you don't have an admin, you are one.

 

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Direct download: PaulNewsFINAL.mp3
Category:general -- posted at: 3:00am EST

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow.

As a real estate investor or operator, you don’t get to decide when maintenance issues and emergencies rear their ugly heads. To protect your business plan, your property, and your tenant’s happiness, the best time to address maintenance issues is before they arise.

In this episode of Bonus Operations, Slocomb Reed shares tips and stories about why keeping up routine maintenance is essential to your success.

 

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Syndication Attorneys

Direct download: JF_3379_Slocomb_Solo_Show_-_Preventative_Maintenance.mp3
Category:general -- posted at: 2:55am EST

Known for their success in multifamily real estate, Tim Vitale and Tim Vest share their journey, strategies, and the importance of building a thriving community of investors. Discover how they balance their individual strengths, the benefits of partnerships, and insights into commercial properties. 

Key Takeaways

  • Maximizing Partner Strengths: Tim Vest and Tim Vitale emphasize the significance of understanding each partner's strengths and weaknesses within a real estate partnership. By leveraging complementary skills, they optimize decision-making and achieve better outcomes.
  • Building a Thriving Community: The hosts discuss the power of community building, showcasing their Makin' Moves in Multifamily Facebook group. They highlight the value of mentorship and networking in real estate, emphasizing the role of collaboration in success.
  • Effective Time Management: Tim Vest and Tim Vitale share insights into time management and delegation. They emphasize the importance of focusing on tasks that require critical thinking while offloading repetitive or distracting work to optimize productivity and decision-making.

 

Tim Vitale | Real Estate Background

  • Co-Founder of Vive Equity and Makin Moves
  • Portfolio:
    • 1200+ apartment units
    • 3 NNN locations
  • Based in: Wilmington, NC
  • Say hi to him at: 

Tim Vest | Real Estate Background

  • Founder of Harvest Properties Group and Co-Founder of Makin Moves
  • Portfolio:
    • 1200+ apartment units
    • 3 NNN locations
  • Based in: Charlotte, NC
  • Say hi to him at:

 

Check out the Makin’ Moves Facebook Community!

 

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Syndication Attorneys

Direct download: JF_3378_Tim_Vitale_and_Tim_Vest_.mp3
Category:general -- posted at: 3:21am EST

Grant Warrington, a seasoned investor with over 41 units under his belt, shares his journey, from starting as a handyman to becoming a successful commercial real estate investor and educator. He discusses the importance of creating content and leveraging social media to reach a wider audience. Grant also highlights his course, the Apartment Buying Blueprint, which equips individuals with the knowledge and confidence to venture into commercial real estate.

Key Takeaways

  • Content Creation and Relatability: Grant emphasizes the power of creating relatable content on social media. By sharing his experiences and knowledge in a simple and understandable way, he reaches a broad audience of aspiring investors who may not be familiar with commercial real estate.
  • The Apartment Buying Blueprint: Grant's course, the Apartment Buying Blueprint, offers a comprehensive education on purchasing apartment buildings, especially in the 5 to 20 unit range. This course covers everything from property management to finding off-market deals, making it an invaluable resource for those looking to enter the commercial real estate arena.
  • Off-Market Opportunities: Grant discusses the significance of off-market deals in today's competitive market. He shares his techniques for finding off-market apartment buildings, highlighting the importance of persistence and effective communication with property owners. Off-market opportunities can be a game-changer, especially in a challenging real estate landscape.

 

Grant Warrington | Real Estate Background

  • Principal at Warrington Capital
  • Portfolio:
    • 41 units personally owned
    • 98 units as small % of GP
  • Based in: St Petersburg, Florida
  • Say hi to him at: 
  • Best Ever Book: How to Win Friends & Influence People by Dale Carnegie
  • Greatest Lesson: Always camera main drain lines.

 

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Direct download: JF_3377_Grant_Warrington_.mp3
Category:general -- posted at: 3:48am EST

This episode is the audio from our November 2023 meetup in which host Slocomb Reed guides a panel of short-term rental investment experts. This episode covers key property management topics like parking, laundry, and pet policies, offering practical advice for landlords in the Cincinnati real estate market, along with a Q&A session for professionals.

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Direct download: JF_3376_November_Meet_Up.mp3
Category:general -- posted at: 4:08am EST

Julian Vogel, fund manager at Colony Hills Capital, shares his insights on the world of commercial real estate, specifically focusing on garden-style multifamily properties and innovative capital-raising strategies.

Key Takeaways:

  • The Power of Co-GP Strategy: Julian discusses Colony Hills Capital's unique approach to raising capital through a co-GP (General Partner) strategy. By bringing together LP (Limited Partner) investors and deploying their funds alongside Colony Hills' principles and employees on a deal-by-deal basis, investors can enjoy outsized returns and diversification.
  • Investor Confidence and Trust: Julian emphasizes the importance of building trust and confidence with investors. He highlights the significance of one-on-one Zoom or in-person meetings with potential investors, allowing them to connect with the sponsorship team and understand the strategy and underwriting of the deals.
  • Top-Down Approach to Investing: Julian advises active real estate investors to take a top-down approach. Start by identifying markets or sub-markets with strong demographics, industries, and population growth. Then, dive into the deal specifics, analyzing cap rates, potential renovations, and expense reductions to maximize returns.

 

Julian Vogel | Real Estate Background

  • Fund Manager at Colony Hills Capital
  • Portfolio:
    • Multifamily - $1.2 billion in total capitalization, +12,000 units, and 36 transactions
  • Based in: Wilbraham, MA
  • Say hi to him at: 
  • Best Ever Book: Ethics of our Fathers by Pirkei Avos
  • Greatest Lesson: Invest using a top-down approach. So, look for markets or sub-markets where there's strong income, strong demographics, strong industry, etc. And that those industries are resilient to downturns in the market, like tech, distribution, medical, education.

 

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Direct download: JF_3375_Julian_Vogel_.mp3
Category:general -- posted at: 3:01am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis Watts breaks down the three steps he uses to determine if an investment is right for him at any given point in time. They include knowing your goals, knowing your values, and evaluating the investment to see if it matches those two things.

 

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Direct download: JF_3374_Passive_Investor_Tips_722.mp3
Category:general -- posted at: 5:55am EST

Jason Balara of Lark Capital Group shares his journey from being a veterinary surgeon to becoming a successful real estate investor. With a focus on multifamily properties, student housing, self-storage, and even small businesses, he provides insights and strategies that will captivate commercial real estate investors looking for diverse opportunities.

Key Takeaways:

  • Diversification Matters: While specializing in multifamily properties in a specific market, he also explores opportunities in student housing, self-storage, and even small businesses. Diversification can help mitigate risks and create a well-rounded portfolio.
  • The Power of Syndication: Syndication allows investors to scale their projects and take on larger deals while transitioning from a hands-on approach to a more CEO-like role. It's a way to leverage the expertise of others and build wealth over the long term.
  • Impact-Driven Investing: Apart from financial gains, Jason discusses the importance of making an impact through investments. He shares his commitment to helping fellow veterinarians improve their financial situations and highlights the significance of strategic partnerships and giving back to the community.

Jason Balara | Real Estate Background

  • CEO Lark Capital Group
  • Portfolio:
    • Active:
      • 236 units multifamily
      • 450 units self-storage
      • 101 units student housing
    • Passive
      • 600+ units multifamily
      • Fund: 450 units multifamily
  • Based in: Los Angrles, CA
  • Say hi to him at: 

 

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Direct download: JF_3373_Jason_Balara_.mp3
Category:general -- posted at: 3:00am EST

Brian Alfaro of Headway Capital Investments provides valuable insights on how to succeed in the competitive world of commercial real estate investing from building trust with investors to navigating the complexities of raising capital.

Brian Alfaro | Real Estate Background

  • Headway Capital Investments
  • Portfolio:
    • 3,335 units
  • Based in: Houston, TX
  • Say hi to him at: 
  • Best Ever Book: 7 Habits Of Highly Effective People by Stephen Covery
  • Greatest Lesson: Watching somebody else succeed on a deal I backed out on just because I was scared. Don't get stuck in analysis paralysis. If you've done the math, and it works, go for it.

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Direct download: JF_3372_Brian_Alfaro_.mp3
Category:general -- posted at: 7:20am EST

Ash Patel interviews Nelson Chu, founder and CEO of Percent, a credit marketplace. Chu discusses how Percent, started in 2018, fills gaps left by banks post-financial crisis, offering private credit lending, including in real estate. He explains how Percent caters to non-bank lenders needing to raise money and highlights the increasing demand for private credit due to banking regulations and changes.

Nelson Chu | Real Estate Background

  • Greatest Lesson: "Previously started a company that failed; business is about timing."

 

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Direct download: JF_3371_Nelson_Chu_.mp3
Category:general -- posted at: 2:55am EST

On this episode of the Best Ever Show,  Joe Cornwell interviews Ryan Emrich. From an accounting background, he transitioned to real estate and focused on off-market multifamily properties by emphasizing the importance of formal partnerships and direct mail campaigns for finding deals.

Ryan Emrich | Real Estate Background

  • Blue Canyon Equity Partners
  • Based in: Boston, MA
  • Say hi to him at: 
  • Best Ever Book: Crushing It in Apartments and Commercial Real Estate - Brian Murray
  • Greatest Lesson: "You lose control with partners, but gain new perspectives and can accomplish more."

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Direct download: JF_3370_Ryan_Emrich.mp3
Category:general -- posted at: 4:38am EST

Tim Vitale, a real estate investor and co-founder of Vive Equity, shares his journey from Wall Street accountant to real estate success. He emphasizes networking, education, and adding value to others as key to his transition from single-family to commercial real estate. Vitale's story highlights the importance of long-term strategy and strong relationships in the industry.

Key Takeaways:

  • Strategic Networking and Education: Tim Vitale emphasizes the importance of building strong relationships and continuously learning in the real estate industry. His success is partly due to his commitment to networking, attending events, and being actively involved in the community.

  • Transition from Single-Family to Commercial Real Estate: Vitale shares his journey of moving from single-family properties to managing a large portfolio of over 1200 apartment units and commercial properties, highlighting the significance of scaling up and diversification in real estate investments.

  • Value of Long-Term Vision and Consistency: The discussion underlines the importance of having a long-term perspective and being consistent in efforts. Vitale's story shows that real success in real estate requires patience, consistent action, and a focus on building long-lasting relationships.

Tim Vitale | Real Estate Background

  • Co-Founder of Vive Equity
  • Portfolio:
    • 1200+ apartment units, 3 NNN locations
  • Based in: Wilmington, NC
  • Say hi to him at: 
  • Best Ever Book: Never Split the Difference - Chris Voss
  • Greatest Lesson: "Quitting my W2 job and burning the ships, no options but to succeed really changes the way you look."

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Direct download: JF_3369_Tim_Vitale.mp3
Category:general -- posted at: 5:30am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode of Passive Investor Tips, Travis Watts discusses redefining retirement as a financial goal rather than an age-based concept, emphasizing the importance of passive income through real estate and sharing data on retirement savings and expenses.

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Direct download: Passive_Investor3367.mp3
Category:general -- posted at: 3:30am EST

Ryan Tanel, founder of Top Producer Investment Capital, shares strategies to maximize returns and accelerate wealth growth such as structuring deals that appeal to different types of investors, being flexible with your business plan, and executing fast property turnarounds.

Key Takeaways

  • Know Your Investors' Goals: Tailor your deal structure to align with your investors' objectives. Some seek quick wealth accumulation, while others prefer stable, long-term investments. Understanding their goals helps you craft appealing opportunities.
  • Force Appreciation and Trade Up: Ryan emphasizes the value of maximizing property appreciation within a shorter timeframe. Learn how forcing appreciation can lead to significant equity growth and the strategy of trading up to continually leverage your capital.
  • Operational Challenges and Partner Selection: Real estate success hinges on effective partnerships and sound operational management. Ryan shares his experiences dealing with unexpected occupancy drops and expense increases, highlighting the importance of reliable partners and adaptability in a dynamic market.

Ryan Tanel | Real Estate Background

  • Best Ever Book: Shoe Dog by Phil Knight
  • Greatest Lesson: Figure out who your partners really are because a lot of people can talk a big game, but when it comes to the daily grind of getting to do a lot of work or communicate effectively with a team, you really can see a different side of a lot of people. 

 

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Direct download: JF_3368_Ryan_Tanel.mp3
Category:general -- posted at: 3:00am EST

In this episode of the Best Ever Show, Ryan and Dr. Francesca Byrne, from Cashflow Capital Club, discuss their multifamily real estate strategy. They focus on revamping underperforming properties in Texas, South Carolina, and Georgia, aiming for high investor returns through efficient management and strong partnerships.

 

Ryan and Dr Francesca Byrne | Real Estate Background

  • Cashflow Capital Club
  • Portfolio:
    • 2,000+ limited partnerships | Actively managing 800+ units / $100M+
  • Based in: Dallas, TX
  • Say hi to them at: 
  • Best Ever Book: Real Estate Raw by Bill Hamm
  • Greatest Lesson: Risk-adjusted returns with CRE vs Single Family, and how big the appetite was for our opportunities.

 

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Direct download: JF_3366_Ryan_and_Dr_Byrne_Audio.mp3
Category:general -- posted at: 3:29am EST

The Best Ever Book Club is a special monthly series hosted by Best Ever founder Joe Fairless. In each insightful episode, Joe dives into influential books that shape the world of investing, exploring key principles, strategies, and lessons to enrich both the seasoned investor and the curious novice.

In this episode of the Best Ever Bookclub, Joe Fairless and co-host Paul Mueller discussed "The Asset Mindset" by Daniel Fielding, emphasizing the importance of a positive mindset, choosing the right peer group, and the power of gratitude and perspective in personal growth. They highlighted taking action against fear and avoiding negative comparisons as key to self-development.

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Direct download: JF_3365_Joe_Book_Club_October_-_The_Asset_Mindset_by_Daniel_Fielding_1.mp3
Category:general -- posted at: 3:00am EST

From creative financing strategies to building valuable relationships with brokers, multifamily investing expert Jered Sturm delves into the key strategies that have fueled his success. Discover how he overcame challenges, his approach to sourcing quality deals, and the crucial lessons he's learned on his journey. 

Key Takeaways:

  • Quality Deal Flow is Crucial: While opportunities may abound, focusing on deals that align with your investment criteria and market conditions is paramount. Building strong relationships with top brokers in your target market can be a strategic way to access high-quality deals.
  • Building Meaningful Relationships: Going the extra mile to foster relationships with investors, brokers, and partners can set you apart in a competitive market. It's not just about transactions; it's about making a genuine impact.
  • The Responsibility of Raising Capital: Jered's perspective on raising capital is rooted in responsibility. He underscores that investors should treat the capital entrusted to them as a portion of someone's life. Understanding the significance of this responsibility can guide your approach to raising and deploying capital wisely, ultimately benefiting both you and your investors.

 

Jered Sturm | Real Estate Background

  • SNS Capital Group
  • Portfolio:
    • Multifamily assets in Ohio
  • Based in: Cincinnati, OH
  • Say hi to him at: 
  • Best Ever Book: Outlive by Peter Attia
  • Greatest Lesson: Financial returns are supported by operations, and operations are supported by having the right people in the right seats that align with your organization's values.

 

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Direct download: JF_3364_Jered_Strum.mp3
Category:general -- posted at: 5:24am EST

Commercial real estate experts Slocomb Reed, Ash Patel, and Joe Cornwell share their best and worst experiences in real estate investing. They offer valuable insights, lessons, and strategies that every investor should consider.

Key Takeaways:

  • The Importance of Reserves: Slocomb Reed discusses the necessity of having sufficient reserves in real estate deals, especially when working with inherited tenant bases or C-class properties. He highlights the importance of staying disciplined and not compromising on the quality of contractors to avoid costly mistakes.
  • Staying True to Your "Why": Joe Cornwell delves into the challenge of managing capital and the temptation to rush into new deals. He emphasizes the need to focus on your "why" in real estate investing, staying patient, and not letting idle cash dictate investment decisions.
  • Lessons for All Investors: Ash Patel shares invaluable advice for real estate investors. He stresses the importance of comfortable idling large sums of cash, finding partners or selling deals if necessary, and understanding your "why" to maintain focus and purpose in your real estate journey.

 

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Direct download: JF_3363_Round_Table_Part_2_-_Best_Deals.mp3
Category:general -- posted at: 3:24am EST

Michael Margarella, founder of Next Play Investments, delves into the nuances of commercial real estate investing, shedding light on the intriguing dynamics of the multifamily and self-storage sectors. In this episode, we uncover the evolving trends and opportunities in these markets while gaining essential insights into the strategies and challenges that resonate with commercial real estate investors in 2023.

Key Takeaways:

  • Shifting Market Trends in 2023: Michael discusses how market trends have evolved in the commercial real estate space. In 2021 and 2022, self-storage opportunities seemed abundant, but by 2023, there was a decline in available self-storage opportunities. Multifamily, on the other hand, started to see more appealing opportunities in the latter half of 2023, attracting reasonable sellers. Understanding these market shifts is crucial for investors to adapt their strategies.
  • Direct-to-Seller and Broker Relationships: Michael emphasizes the importance of building strong relationships with both sellers and brokers. He highlights the value of getting direct to sellers and shares his plans to enhance this aspect of his business in the coming years. Additionally, he discusses the significance of being on brokers' shortlists and fostering connections that make investors top of mind when opportunities arise.
  • The Power of Lean Investing: One valuable lesson from the conversation is the importance of avoiding over-reliance on pro forma assumptions. Michael shares an example where their pro forma projections were heavily dependent on a new building, leading to challenges, delays, and increased costs. This experience highlights the significance of lean investing and relying on existing property fundamentals rather than overly optimistic assumptions.

 

Michael Margarella | Real Estate Background

  • Next Play Investments
  • Portfolio:
    • Self-storage facilities (200,000 sq. ft.)
    • Multifamily (~200 units)
  • Based in: New York, New York
  • Say hi to him at: 
  • Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
  • Greatest Lesson: Specific to self-storage, never move forward on a deal that only pencils with the addition of a newly constructed building on the property.

 

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Direct download: JF_3361_Michael_Margarella__1.mp3
Category:general -- posted at: 3:00am EST

Commercial real estate experts Slocomb Reed, Ash Patel, and Joe Cornwell share their best and worst experiences in real estate investing. They offer valuable insights, lessons, and strategies that every investor should consider.

Key Takeaways:

  • The Importance of Reserves: Slocomb Reed discusses the necessity of having sufficient reserves in real estate deals, especially when working with inherited tenant bases or C-class properties. He highlights the importance of staying disciplined and not compromising on the quality of contractors to avoid costly mistakes.
  • Staying True to Your "Why": Joe Cornwell delves into the challenge of managing capital and the temptation to rush into new deals. He emphasizes the need to focus on your "why" in real estate investing, staying patient, and not letting idle cash dictate investment decisions.
  • Lessons for All Investors: Ash Patel shares invaluable advice for real estate investors. He stresses the importance of comfortable idling large sums of cash, finding partners or selling deals if necessary, and understanding your "why" to maintain focus and purpose in your real estate journey.

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Direct download: JF_3362_Round_Table_1_-_Worst_Deals_Part_1.mp3
Category:general -- posted at: 8:47am EST

In this podcast episode, Ash Patel interviews Jim Sheils who discusses his transition from renovating to building new construction properties in Florida, focusing on the build-to-rent sector. He highlights the advantages of new constructions, the company's approach to targeting affordable markets, and their comprehensive property management services. The episode provides insights into investment strategies and the benefits of new constructions for investors.

Key Takeaways:

  • Shift to New Construction: Jim Sheils emphasizes the strategic shift from renovating older homes to building new construction properties, especially in response to the evolving real estate market conditions.

  • Build-to-Rent Focus: The episode highlights the advantages of the build-to-rent sector, including its potential for better returns, reduced maintenance issues, and more predictable cash flow for investors.

  • Comprehensive Property Management: Jim discusses the importance of offering all-inclusive property management services, easing the burden for investors and ensuring a more streamlined and efficient investment experience.

Jim Sheils | Real Estate Background

  • Partner at Southern Impression Homes & Co-Founder at 18 Summers
  • Portfolio:
    • Build to Rent New Construction Single Families, Duplexes, and Quads.
    • +5,000 Buildable lots in Florida
  • Based in: Jacksonville, FL
  • Say hi to him at: 
  • Best Ever Book: The Alchemist by Paulo Coelho
  • Greatest Lesson: "Go deep in your own unique abilities & delegate the rest."

 

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Direct download: JimFULL.mp3
Category:general -- posted at: 3:17am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this installment of Passive Investor Tips, Travis Watts discusses three strategies to gain a broader perspective in real estate investment. He focuses on foundational aspects beneficial to both beginners and experienced investors, emphasizing principles and life lessons vital in the field of real estate.

 

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Direct download: JF_3360_Passive_Investor_Tips_70.mp3
Category:general -- posted at: 6:31am EST

In this episode, we dive deep into a powerful wealth-building strategy with real estate investor and military veteran, Charlie Hardage. Charlie shares his insights on using Home Equity Lines of Credit (HELOCs) to accelerate your real estate investments. Learn how to leverage HELOCs, even if you have a W-2 job, and discover the game-changing benefits of this strategy.

Key Takeaways:

  • HELOCs: A Game-Changing Tool for Real Estate: Charlie explains how HELOCs can be a powerful tool for real estate investors, allowing them to tap into their home equity to fund new investments, all while minimizing closing costs and interest payments. He shares his own experiences using HELOCs to invest in various real estate opportunities, from apartments to self-storage.
  • The Importance of Tracking Net Worth: Tracking your net worth is a critical step towards financial success. Charlie emphasizes the significance of monitoring your net worth regularly, as it provides an accurate measure of your financial progress. Setting ambitious goals and celebrating your achievements along the way can keep you motivated and focused on building wealth.
  • Giving Back: Apart from his real estate journey, Charlie and his wife are passionate about giving back to the community. They have plans to establish charities to combat food waste and support local communities with healthy food options. Additionally, Charlie's military background fuels his desire to create a sense of community for veterans, especially those dealing with PTSD, to ensure they never feel alone.

 

Charlie Hardage | Real Estate Background

 

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Direct download: JF_3358_Charlie_Hardage_.mp3
Category:general -- posted at: 4:18am EST

Ian Cruz, a seasoned real estate investor, shares his experiences and strategies in the world of commercial real estate. From networking tips that have propelled his success to the power of taking action and learning from mistakes, Ian's expertise is your secret weapon to thrive in the competitive world of commercial real estate. 

Key Takeaways:

  • The Power of Networking: Ian emphasizes the importance of networking and how it played a pivotal role in his real estate journey. He recommends attending various meetups and events, even those outside your comfort zone, to expand your network and find like-minded investors.
  • Taking Action and Learning from Mistakes: One of the most significant lessons Ian shares is the importance of taking action. He highlights the trap of analysis paralysis and how it hindered his progress initially. Ian encourages aspiring investors to start, even if it feels uncomfortable, as the best learning often comes from real-world experiences.
  • Building Trust in Partnerships: Ian discusses the value of trust in forming successful partnerships. He touches on the significance of transparent communication, sharing experiences, and building a track record to attract capital partners. Additionally, he emphasizes the importance of having the right team, local connections, and systems in place to ensure project success.

 

Ian Cruz | Real Estate Background

  • Founder of ELEV8 Capital
  • Holds an active CPA license
  • Manager of Finance at a Venture Capital firm
  • Based In: San Jose, CA
  • Multifamily investor in the Bay Area, CA and Cincinnati
  • Leads and organizes a 100+ member group of investors focused on the Cincinnati market via Fractional, a one-stop shop that makes it easy to form partnerships (create LLC, bookkeeping, file K1's, source PM, secure financing, serve as guarantor for loan, etc.) and buy properties together.
  • SAREcon 2023 Speaker, NVST Quarterly Mixer Speaker

 

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Direct download: JF_3357_Ian_Cruz_.mp3
Category:general -- posted at: 3:41am EST

In this episode, we sit down with Shelley Peterson, a seasoned real estate investor and co-founder of Kahuna Investments, to discuss her journey in the world of commercial real estate investing. Shelley shares valuable insights into the challenges and opportunities she has encountered, emphasizing the importance of mentorship and taking action. We also delve into her unique approach to syndication and her commitment to giving back to the community.

Key Takeaways:

  • Jump In and Take Action: Shelley's advice for aspiring real estate investors is simple yet powerful – don't overanalyze, take action. She encourages investors to dive into their first deal, whether through partnerships or joint ventures, and gain hands-on experience. Learning by doing is the fastest way to understand the intricacies of the real estate market.
  • Importance of Effective Team Building: Shelley highlights the significance of building an effective team within your real estate investment endeavors. She discusses the book "The Five Dysfunctions of a Team" by Patrick Lencioni, which emphasizes trust, vulnerability, and teamwork as essential elements for success in real estate investing. Surrounding yourself with the right people is key.
  • Community Involvement: Beyond financial success, Shelley and her team are passionate about giving back to the community. They actively engage in charitable activities and emphasize the importance of contributing resources and time to support local causes. As a real estate investor, making a positive impact in the community goes hand in hand with financial success.

Shelley Peterson | Real Estate Background

  • President of Kahuna Investments
  • Portfolio:
    • 3,000 units valued at over $250 million
  • Based in: Chandler, AZ
  • Say hi to him at: 
  • Best Ever Book: 12 Rules of Life by Jordan Peterson
  • Greatest Lesson: Finding the faith and courage to undergo a personal reinvention.

 

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Direct download: JF_3356_Shelley_Peterson.mp3
Category:general -- posted at: 3:24am EST

In this episode, Ash Patel interviews Michael Mandel, the CEO of CompStak, a leading provider of commercial real estate data. They delve deep into the world of commercial real estate data, discussing how it can be a game-changer for investors and uncovering the power of creativity in real estate investments. Listen in as they explore various data sets, discuss case studies, and provide insights into finding profitable deals using data-driven strategies.

Key Takeaways:

  • Creativity Trumps Data Alone: While data is essential, Michael emphasizes that the key to success in commercial real estate investing lies in creativity. Investors who can think creatively and find unique ways to extract value from properties will often achieve the most significant returns.
  • Data-Driven Decision-Making: Michael highlights how investors can leverage data to make informed decisions. They discuss the importance of using multiple data sets, such as lease rates, property details, loan data, and market analytics, to identify opportunities and mitigate risks.
  • Identifying Profitable Deals: The conversation explores how data can help investors identify potentially lucrative deals. By analyzing data on property leases, square footage, loan maturities, and more, investors can uncover properties with untapped potential, creating opportunities for significant returns on investment.

Michael Mandel | Real Estate Background

  • CEO and Co-Founder of CompStak
  • Based in: New York, NY
  • Say hi to him at: 
  • Best Ever Book: The Hard Thing About Hard Things by Ben Horowitz
  • Greatest Lesson: The real estate investors that are gonna be the most successful are those who are the most creative, who can see beyond that data and find a new way to make money from an asset that isn't otherwise obvious.

 

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Direct download: JF_3355_Michael_Mandel.mp3
Category:general -- posted at: 4:22am EST

In this insightful episode, commercial real estate investor Justin discusses valuable insights and trends in the industry. Join the conversation as he shares his experiences in managing and growing his portfolio. From the evolving demand for one-bedroom apartments to the secrets of managing studios, Justin delves into what it takes to succeed in the dynamic world of commercial real estate.

Key Takeaways:

  • Shifting Apartment Demand: Justin highlights the changing landscape of apartment demand, emphasizing the surprising growth in one-bedroom units. He explores the factors driving this shift and how it relates to broader economic trends.
  • Maximizing Studio Apartments: Justin shares his strategies for success with studios, from managing turnovers to optimizing rental income. His insights shed light on why studios are in high demand and how to capitalize on their appeal.
  • Thought Leadership and Branding: Justin's best-ever advice revolves around building a thought leadership platform. He stresses the importance of utilizing social media, podcasts, blogs, and meetups to showcase your expertise and attract valuable opportunities in the commercial real estate industry.

Justin Goodin | Real Estate Background

  • Next Level Equity
  • Portfolio:
    • 500 units
  • Based in: Indianapolis, IN
  • Say hi to him at: 
  • Best Ever Book: Limitless by Jim Kwik
  • Greatest Lesson: Choose quality over price when it comes to contractors. It can make or break your entire project.

 

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Direct download: JF_3354_Justin_Goodin.mp3
Category:general -- posted at: 7:52am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

On todays episode of Passive Investor Tips, Travis Watts examines the stages of market cycles, pointing to current signs of a potential recession, such as rising interest rates and inflation. It contrasts these indicators with the recent profit in market indexes and stable housing prices, suggesting a complex economic situation.

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Direct download: JF_3353_Passive_Investor_Tips_69.mp3
Category:general -- posted at: 3:00am EST

Are you curious about the untapped potential of the commercial real estate market? Discover the power of holding property and the critical lessons learned by J Scott in his journey of flipping 450 houses. Join us as we delve into the fascinating insights he shares about affordability, government intervention, and cash management in this engaging episode.

Key Takeaways:

  • Market Dynamics and Affordability: J Scott discusses the evolving dynamics of the real estate market, emphasizing the impact of shifting demographics on affordability. He highlights the importance of understanding the distinctions in the rental market and how different income brackets are affected.
  • Cash Management and Inflation: J Scott emphasizes the significance of cash management and the role it plays in real estate investing, especially during periods of inflation. He provides valuable insights into the relationship between inflation and treasury yields, offering a balanced perspective on the impact of inflation on investment strategies.
  • Government Intervention and Long-Term Solutions: J Scott explores the role of government intervention in addressing affordability challenges in real estate. He advocates for incentivizing investors to create market-based solutions, rather than relying solely on legislative measures, and discusses the potential long-term implications for the real estate landscape.

 

J Scott | Real Estate Background

  • Partner at Bar Down Investments and Host of the Drunk Real Estate Podcast
  • Portfolio: 
    • About 1,000 units of SFR and multifamily
    • 5,000 units as an LP
  • Based in: Sarasota, FL
  • Say hi to him at: 
  • Best Ever Book: Thinking, Fast and Slow by Daniel Kahneman
  • Greatest Lesson: The value in holding property for the long-term. That's where real wealth building happens.

 

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Direct download: JF_3352_J_Scott_.mp3
Category:general -- posted at: 3:16am EST

In this episode, we dive deep into the world of commercial real estate with Mike Holdwick, a seasoned investor who has mastered the art of asset diversity and high returns. Mike shares his journey from a W2 employee to a successful real estate entrepreneur, offering valuable insights and strategies that can help commercial real estate investors achieve financial freedom.

Key Takeaways:

  • Diverse Asset Portfolio: Mike emphasizes the importance of diversifying your commercial real estate investments. From neighborhood offices to flex spaces, industrial properties, and medical buildings, he highlights how owning various asset types can provide stability and growth opportunities even in changing market conditions.
  • Taking Control of Your Finances: Mike's journey reflects the power of taking control of your financial destiny. He shares his transition from working a full-time job to actively building his real estate portfolio on the side, proving that with the right mindset and strategies, it's possible to create a path to financial freedom.
  • Raising Capital and Adding Value: While Mike has been successful in his investments, he's also on the verge of taking the next step—raising capital from investors. He discusses the importance of educating potential investors about real estate opportunities and being transparent about risks and returns. By doing so, he aims to help others achieve their financial goals through real estate.

Mike Holdwick | Real Estate Background

  • Managing Partner at Pro Team Commercial
  • Portfolio:
    • 5 commercial buildings (industrial, office, retail, medical) and 1 AirBNB totaling 40k sq ft
  • Based in: Suburban Detroit, Michigan
  • Say hi to him at: 
  • Best Ever Book: 4-Hour Work Week by Tim Ferriss
  • Greatest Lesson: Being asset agnostic and maximizing the potential of your portfolio is the best way to create long-term wealth.

 

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Direct download: JF_3351_Mike_Holdwick.mp3
Category:general -- posted at: 5:03am EST

In this episode, our hosts, Ash Patel, Joe Cornwell, and Slocomb Reed engage in a lively roundtable discussion about the challenges and opportunities presented by the current real estate market, emphasizing the importance of stress-testing deals and being prepared for various scenarios. The conversation touches on topics such as underwriting, creative deal structures, and the shifting dynamics in the Midwest market. 

Key Takeaways:

  • Stress-Test Your Deals: In the current market, it's crucial to stress-test your real estate deals. Factors like rising interest rates, potential vacancies, and unforeseen challenges should be considered in your financial projections.
  • Creative Deal Structures: To succeed in the competitive market, consider creative deal structures. Whether it's negotiating seller financing, concessions, or exploring unique opportunities, having flexibility in your approach can make a significant difference.
  • Long-Term Focus: Expect longer hold times for your investments. With uncertainty in the market, planning for a five-plus year window rather than short-term flipping is a prudent strategy to manage risk effectively.

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Direct download: JF_3350_Round_Table_.mp3
Category:general -- posted at: 3:54am EST

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow.

In this episode, Slocomb Reed discusses the crucial signs that property owners and real estate investors should be aware of during the due diligence period when acquiring new apartment buildings. Reed shares 12 red flags that may indicate tenants are likely to vacate soon after the transition in ownership or management. These flags include late rent payments, a lack of concern for property maintenance, sparse furniture in units, intentional damage, subletting without permission, vacant apartments listed on the rent roll, unauthorized pets, and more.

Reed also delves into the significance of non-English speaking tenants within migrant communities and how their relationships with landlords can impact occupancy.

 

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Direct download: JF_3349_Slocomb_Solo_Show_-_Surprise_Vacancies.mp3
Category:general -- posted at: 5:30am EST

In this episode, we dive deep into the world of multifamily real estate with David Lilley, the CEO of Reap Capital. David shares his journey from single-family rentals to becoming a successful multifamily investor, emphasizing the importance of creativity and tenacity. He provides valuable insights into his unique approach of vertically integrating property management and construction into his investments. Discover how David has consistently achieved impressive returns for his investors and what it takes to thrive in the multifamily market.

Key Takeaways:

  • Creativity and Tenacity: David emphasizes the importance of thinking outside the box and approaching real estate investments with creativity and tenacity. These qualities have allowed him to succeed and stand out in a competitive market.
  • Vertical Integration: By bringing property management and construction in-house, David has gained more control over his investments and improved communication within his team. This approach has proven to be a key factor in his success.
  • Philanthropy and Giving Back: David discusses his commitment to philanthropy, particularly his support for St. Jude Children's Research Hospital. He shares his plans for future nonprofit involvement, highlighting the importance of giving back to the community.

 

David Lilley | Real Estate Background

  • CEO, Reap Capital
  • Portfolio:
    • Multiple properties in Texas
  • Based in: Dallas, Tx
  • Say hi to him at: 
  • Best Ever Book: The Hands Off Investor by Brian Burke
  • Greatest Lesson: Your network is your net worth.

 

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Direct download: JF_3348_David_Lilley_.mp3
Category:general -- posted at: 3:00am EST

In this episode, we delve into the world of cross-border real estate investment with Thomas Lorini, CEO of VentureCo Capital. Thomas shares his experiences and strategies for investing in commercial real estate across the United States and Canada. From diversifying portfolios to vetting partners, his insights are valuable for both seasoned investors and newcomers looking to explore opportunities beyond their borders.

Key Takeaways:

  • Diversification Across Markets: Thomas emphasizes the importance of diversifying investment portfolios across different markets. While many investors focus on hot markets like California, Thomas has found success in the often-overlooked Midwest, where cap rates are more favorable. He highlights how markets like Cleveland and Columbus are experiencing significant appreciation, offering unique opportunities for cash flow and growth.
  • Partnering for Success: To mitigate risks and ensure success, Thomas stresses the significance of vetting operators and partners carefully. Whether it's partnering with experienced operators in specific markets or collaborating with developers, understanding the track record and capabilities of your partners is crucial. This due diligence helps protect both your and your investors' capital.
  • Guidance for Canadian Investors: Thomas offers valuable advice for Canadian investors looking to venture into the U.S. real estate market. He recommends exploring two paths: slow and steady or strategic partnerships with experienced operators. Financing challenges for foreign investors often necessitate careful planning, and Thomas underscores the importance of understanding the differences in regulations, financing options, and tax considerations between the two countries.

 

Thomas Lorini | Real Estate Background

  • CEO of VentureCo Capital and Real Estate Coach
  • Portfolio:
    • 400+ multifamily units in a variety of markets across US and Canada
  • Based in: Irvine, CA
  • Say hi to him at: 
  • Best Ever Book:  The Bible
  • Greatest Lesson: Surround yourself with people that are better and more skilled than you.

 

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Direct download: JF_3347_Thomas_Lorini_.mp3
Category:general -- posted at: 6:19am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis dives into the different types of multifamily business plans, sharing the risks and needs of each, including core asset, core plus, value add, opportunistic, and ground up construction.

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Direct download: JF_3346_Passive_Investor_Tips_68_.mp3
Category:general -- posted at: 3:00am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, we sit down with Ben Bauer, a seasoned real estate investor and attorney, to explore the intricacies of commercial real estate investing. With a wealth of experience in both residential and commercial properties, Ben shares valuable insights on deal structures, seller financing, and the impact of early exposure to real estate. 

Key Takeaways:

  • Deal Structuring Wisdom: Ben highlights the significance of sound deal structures, particularly in complex commercial real estate transactions. He emphasizes the importance of seeking legal counsel and networking within local real estate investor groups to make informed decisions.
  • Seller Financing Strategies: When it comes to seller financing, Ben stresses the importance of detailed contracts. He recommends specifying all terms and attaching draft notes and mortgages as exhibits to the purchase contract. This transparency ensures all parties are on the same page, reducing potential conflicts down the line.
  • Early Exposure to Real Estate: Reflecting on his own upbringing around real estate, Ben underscores the value of exposing young minds to entrepreneurial thinking. Encouraging questions and fostering an environment that promotes independent thinking can lay the foundation for a future in real estate or any entrepreneurial venture.

 

Ben Bauer | Real Estate Background

  • Real estate investment lawyer of The Bauer Firm, LLC
  • Portfolio:
    • 8 units from single family rentals and small multifamily properties
  • Based in: Cincinnati, Ohio
  • Say hi to him at: 
    • thebauerfirm.com
  • Best Ever Book: Snow Crash by Neal Stephenson
  • Greatest Lesson: Success is all about mindset, courage, and confidence.

 

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Direct download: JF_3345_Ben_Bauer_.mp3
Category:general -- posted at: 6:45am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, we delve into the world of commercial real estate investing with Bob Thomas, a seasoned investor with over a decade of experience. Join us as Bob shares valuable insights into his journey across various asset classes, the importance of partnerships, and strategies for navigating the ever-changing real estate market.

Key Takeaways:

  • The Power of Partnerships:
    • Bob emphasizes the significance of forming strategic partnerships in real estate investing. Collaborative partnerships allow investors to leverage each other's strengths, pool resources, and pursue larger deals with greater efficiency.
    • Aligning incentives and complementary skill sets within partnerships is essential for success. While Bob excels in capital raising and acquisitions, he acknowledges his weakness in construction project management. Partnering with experts in diverse areas can lead to creative and synergistic outcomes.
  • Thinking Big and Setting Ambitious Goals:
    • Bob draws inspiration from Stephen Schwarzman's book, "What It Takes," highlighting the importance of thinking big in real estate. He believes that if you're going to invest your time and effort, it's best to aim for substantial goals that challenge you.
    • Setting big, hairy, audacious goals (BHAGs) can push investors in the right direction. Bob's goal is to grow his portfolio to a trillion dollars in assets under management, emphasizing that a big vision drives progress and innovation.
  • Educating for Financial Literacy:
    • Bob's commitment to financial education extends beyond real estate investing. He actively engages in financial literacy talks, teaching both investors and school children about creating generational wealth, passive income, and sound financial practices.
    • Recognizing the importance of breaking free from a traditional W-2 mindset, Bob believes that introducing children to alternative paths early in life can help them make informed financial decisions and plan for a prosperous future.

 

Bob Thomas | Real Estate Background

  • Chief Investment Officer & Co-Founder of Peak Asset Management
  • Portfolio:
    • ~200 units of multifamily
    • ~100k sq ft. of commercial retail/office
  • Based in: Portland, OR
  • Say hi to him at: 
  • Best Ever Book: What It Takes by Stephen Schwarzman
  • Greatest Lesson: Selecting the right partners is the most critical piece to one's success or failure.

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Direct download: JF_3344_Bob_Thomas_.mp3
Category:general -- posted at: 6:16am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, we delve deep into the world of commercial real estate with Jay Balekar, a seasoned investor who has scaled his portfolio significantly in just two years. Jay shares valuable insights into strategies for success, market conditions, and tackling the affordability crisis. Whether you're a seasoned commercial real estate investor or just starting, you won't want to miss this conversation.

Key Takeaways:

  • Adapting to Market Conditions: Jay emphasizes the importance of staying adaptable in today's commercial real estate market, which is seeing rising costs, inflation concerns, and shifting rent dynamics. His strategy involves being patient, underwriting deals carefully, and maintaining a focus on operations to navigate these challenges effectively.
  • Solving the Affordability Crisis: Addressing the affordability crisis in real estate requires more than just handing out subsidies to tenants. Jay suggests incentivizing developers and private investors to create affordable housing by reducing construction costs in targeted areas. He argues that this approach can lead to sustainable, financially viable solutions.
  • The Power of Delegation: Jay highlights the value of delegation in real estate investing. He recommends focusing on your strengths, leveraging your team, and improving operational efficiency. By doing so, investors can scale their portfolios and make more informed decisions in the complex world of commercial real estate.

 

Jay Belekar | Real Estate Background

  • Founder of Compounding Capital Group
  • Based in: Cincinnati, OH
  • Say hi to him at: 
  • Best Ever Book: Who Not How by Dan Sullivan
  • Greatest Lesson: Be careful who you listen to, which guru you choose, which books you read. Don't just look at those feel good YouTube videos about how in one year people quit their jobs and are now driving Lamborghinis. That does not happen. That's not sustainable. So you gotta put in the work.

 

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Direct download: JF_3343_Jay_Balekar_.mp3
Category:general -- posted at: 8:50am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, Andrew Freed, an experienced commercial real estate investor, shares his journey from a one-bedroom condo owner to managing a diverse portfolio of multifamily properties. He discusses his innovative syndication approach, lessons learned from past investments, and strategies for maximizing returns while mitigating risks.

Key Takeaways:

  • Syndication Strategies: Andrew explains the intricacies of syndicating a diverse portfolio of 12 properties with 65 units. He delves into the importance of negotiating a partial release clause with lenders, which allows for the sale of individual properties and offers greater flexibility in managing debt.
  • Investor-Focused Approach: Andrew's syndication model prioritizes investor returns. He outlines a transparent and straightforward profit-sharing structure, with investors receiving a preferred return and a substantial portion of profits, resulting in higher internal rates of return (IRRs).
  • Continuous Self-Development: Andrew emphasizes the significance of self-discovery and personal development in the entrepreneurial journey. He encourages aspiring commercial real estate investors to focus on becoming the best versions of themselves to achieve their investment goals.

 

Andrew Freed | Real Estate Background

  • Founder of Freedom Management
  • Portfolio:
    • 95 Units - 65 units in New Bedford MA, 29 units in Worcester, 1 condo in Boston
  • Based in: Worcester, MA
  • Say hi to him at: 
  • Best Ever Book: The Wealthy Gardener by John Soforic
  • Greatest Lesson: Have an endless desire for self-development and self-discovery.

 

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Direct download: JF_3342_Andrew_Freed_.mp3
Category:general -- posted at: 9:39am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, Ash Patel interviews Tim Little, a seasoned commercial real estate investor and founder of Zana Investments. Tim shares his journey from the military to real estate investing and offers valuable insights into the challenges and opportunities in the commercial multifamily space.

Key Takeaways:

  • The Importance of Partner Selection: Tim emphasizes the significance of vetting potential partners when considering long-term commitments in real estate deals. He highlights the need for aligned values and the ability to work cohesively with partners over extended periods.
  • Managing Investor Expectations Amid Rising Rates: Tim discusses the challenges of managing investor expectations when cash flow is impacted by rising interest rates. He stresses the importance of transparent communication with investors, explaining the reasons behind temporary suspension of distributions and the potential impact on long-term returns.
  • Diversification and Exploring Other Asset Classes: Tim acknowledges the changing landscape of commercial real estate and the need for diversification. He shares his interest in exploring alternative asset classes like express car washes and self-storage. Tim highlights the importance of educating investors when diversifying into new asset types.

 

Tim Little | Real Estate Background

  • Founder of ZANA Investments
  • Portfolio:
    • 693 co-owned units valued at over $90M
  • Based in: Tampa, FL
  • Say hi to him at: 
  • Best Ever Book: Atomic Habits by James Clear
  • Greatest Lesson: Vet your partners sufficiently. These are 3 to 10 year commitments, so you not only need to get along with them, your values need to be aligned and you need to know that you can work with these people for the long haul.

 

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Direct download: JF_3341_Tim_Little.mp3
Category:general -- posted at: 5:42am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Slocomb Reed hosts seasoned commercial real estate investor, Kurt Weil. The duo delves into the intricacies of syndications, the pitfalls of partnerships, and the changing dynamics of commercial real estate investments in today's fast-paced world. For anyone diving into commercial real estate or looking to refine their strategies, this conversation with Kurt is a goldmine of actionable advice.

Key Takeaways:

  • Adaptability is Key: As the commercial real estate landscape evolves, the most successful investors will be those who remain adaptable and open to learning.
  • Outline Partnership Expectations Upfront: Avoid the common pitfall of mismatched partner expectations by discussing responsibilities and roles clearly before striking a deal.
  • Networking is Essential: Despite the digital age, word of mouth and personal connections remain invaluable. Whether it's through platforms like LinkedIn or personal contacts, maintaining a robust network can open doors to hidden opportunities.

 

Kurt Weil | Real Estate Background

  • Founder of Incline Commercial
  • Portfolio:
    • Multifamily and industrial flex
  • Based in: Cincinnati, OH
  • Say hi to him at: 
  • Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
  • Greatest Lesson: Choose your partner wisely, and define expectations. 

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Direct download: JF_3340_Kurt_Weil.mp3
Category:general -- posted at: 5:31am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis offers guidance on how to identify your risk tolerance when it comes to investing so that you can select the right deals that align with your goals. He also shares insights into risk premiums and how to determine what your investing strategy should be depending on your current financial situation.

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Direct download: JF_3339_Passive_Investor_Tips_67.mp3
Category:general -- posted at: 5:58am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Diana Lin is an accomplished entrepreneur who has experienced a remarkable journey from architecture to real estate. Diana shares her valuable insights on various aspects of the commercial real estate industry, including partnership strategies, capital raising, and conquering fear in real estate investing.

Key Takeaways:

  • The Power of Relationships: Diana emphasizes the significance of trust and connections in real estate investing. Building and nurturing relationships with experienced professionals can open doors to valuable opportunities and collaborations.
  • Conquering Fear: Overcoming fear is essential for real estate success. Diana's advice is to trust but verify, and she encourages investors to seek guidance from trusted mentors and colleagues when making investment decisions.
  • Diversification: While Diana has excelled in multifamily real estate, she advocates for exploring different asset classes and diversifying one's investment portfolio. Don't limit yourself to a single niche; instead, keep an open mind to maximize your potential in the real estate industry.

 

Diana Lin | Real Estate Background

  • Navi Ventures
  • Portfolio:
    • GP - 648 units
    • LP - 1,144 units and ground-up multifamily units - 150 units
  • Based in: Dallas, TX
  • Say hi to her at: 
  • Best Ever Book: The Go-Giver by Bob Burg
  • Greatest Lesson: Lean on sponsor's expertise. If inexperienced, partner with someone that is.

 

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Direct download: JF_3338_Diana_Lin_.mp3
Category:general -- posted at: 3:39am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Mark Hutton unpacks the intricacies of investing in the niche of Residential Assisted Living (RAL) within the commercial real estate sector. Mark sheds light on why RAL is becoming an appealing asset for investors, the synergies of combining the real estate with the operating business, and the pivotal role of SBA-backed loans in this space.

Key Takeaways:

  • RAL's Appeal: With traditional long-term hold properties offering lower cash flow due to prevailing interest rates, RAL presents a lucrative opportunity for investors seeking higher returns.
  • SBA-Backed Loans in RAL: These loans provide certain advantages such as long-term fixed rates and high LTVs, making them a preferred choice in the RAL space. However, they also come with specific controls like pre-defined lease terms.
  • Learning from the Best: Mark emphasizes the importance of seeking mentorship and learning from those already successful in the RAL space, ensuring faster progress and fewer pitfalls.

 

Mark Hutton | Real Estate Background

  • Founder of Mimi’s House Assisted Living and Memory Care
  • Portfolio:
    • SFRs, commercial apartments, retail mall, resorts, and RAL homes
  • Based in: Cincinnati, OH
  • Say hi to him at: 
  • Best Ever Book: The Debt Millionaire by George Antone
  • Greatest Lesson: Building a senior-centered service business is 10x more rewarding than owning rental real estate.

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Direct download: JF_3337_Mark_Hutton_.mp3
Category:general -- posted at: 4:03am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Slocomb Reed sits down with seasoned commercial real estate expert J.D. Schmerge to deep dive into the dynamics of the ever-changing market from decoding property valuations to the art of bridging sellers and buyers.

Key Takeaways:

  • Market Dictates Price: A property's value isn't just about a seller's listing price; it's really about what the market is willing to bear. Both sellers and brokers should approach pricing with flexibility and market awareness.
  • Understanding Buyer Needs: There are different types of buyers in the market. Some prefer turnkey properties, while others look for opportunities to add value through renovations. Catering to these diverse needs is crucial.
  • Realistic Expectations: Sellers should have realistic expectations regarding property prices and be ready to trust the market. This can ensure a smoother transaction process and better outcomes.

 

J.D. Schmerge | Real Estate Background

  • Multifamily Broker with Si Vales Valeo Real Estate
  • Based in: Cincinnati, OH
  • Say hi to him at: 
  • Greatest Lesson: Be realistic on expectations, and trust that the market is going to dictate the price.

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Direct download: JF_3336_JD_Schmerge_.mp3
Category:general -- posted at: 5:20am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Ash Patel interviews Kranti Ponnam, a tech entrepreneur and real estate syndicator with a unique perspective on commercial real estate investing. Kranti shares insights on the intersection of technology and real estate, emphasizing the importance of treating real estate investments as businesses.

Key Takeaways:

  • Business Mindset in Real Estate: Kranti stresses the significance of approaching real estate investments with a business mindset. Just like running a company, treating your real estate investments with respect, creating systems, and analyzing data can significantly enhance your success.
  • The Power of Taking Action: Kranti encourages aspiring real estate investors to take action rather than waiting on the sidelines. Getting involved in a deal, whether as a limited partner or general partner, sets in motion a momentum that propels your real estate journey forward.
  • Balancing Technology and Personal Touch: While technology is a powerful tool, Kranti emphasizes the importance of maintaining a personal touch in real estate. He discusses the value of authentic content creation, ensuring that your communication resonates with your investor audience.

 

Kranti Ponnam | Real Estate Background

  • Director of Capital, Four Oaks Capital
  • Based in: San Diego, CA
  • Say hi to at: 
  • Best Ever Book: Atomic Habits by James Clear
  • Greatest Lesson: You can be on the sidelines trying to figure things out forever. But the best thing you can do is to get on a deal in some way, and actually do it!

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Direct download: JF_3335_Kranti_Ponnam.mp3
Category:general -- posted at: 1:35am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Dive deep into the nuances of property management, tenant retention, and how AI can shape the future of real estate podcasting. In this enlightening episode, Mike Taddy, a seasoned real estate professional, shares his extensive experience, valuable lessons, and the role of relationship-building in this ever-evolving sector.

Key Takeaways:

  • Lean Into Your Competitive Advantage: Relationship-building is essential, not just with tenants but also with lenders and other stakeholders. Leveraging this strength can lead to significant growth and progress.
  • Open Communication is Paramount: From pre-screening to lease signing, open and transparent communication with tenants sorts potential problems and builds a foundation of trust.
  • Believe in Yourself: Mike's poignant advice emphasizes the importance of self-belief. When in doubt, especially in the challenging realm of real estate, betting on yourself can make all the difference.

 

Mike Taddy | Real Estate Background

  • Co-Owner, Midwest Multifamily Investments LLC
  • Portfolio
    • 67 units - mostly small multifamily properties ranging from duplexes to 5-unit buildings
  • Based in: Green Bay, WI
  • Say hi to him at: 
  • Best Ever Book: Rocket Fuel by Gino Wickman
  • Greatest Lesson: Don't swing the hammer! Can't be a contractor and professional at same time - something has to give.

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Direct download: JF_3334_Mike_Taddy_.mp3
Category:general -- posted at: 3:00am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Dive deep into Brian Shafer's journey navigating the commercial real estate world. Brian discusses multifamily development economics, the potential of flex spaces, and how his early exposure to construction molded his investing career. 

Key Takeaways:

  • Cost Efficiency: Building multifamily efficiently could cost around $200 per square foot, which is almost half of some high-end developments.
  • Potential of Flex Spaces: With almost the same rent as multifamily but less than half the build cost, flex spaces present a lucrative opportunity. Consider structures like 16-foot ceilings and 14-foot bay doors to optimize rent.
  • Seeking Guidance: Both Brian and Ash stress the importance of seeking advice and understanding business models thoroughly before diving in. Recognize that there are resources available and don't hesitate to ask for help.

 

Brian Shafer | Real Estate Background

  • Prosper Real Estate Investments
  • Portfolio:
    • Multifamily, commercial, industrial, SFR Contracts
  • Based in: Iowa
  • Say hi to him at: 
  • Best Ever Book: A Random Walk Down Wallstreet by Burton Malkiel
  • Greatest Lesson: Ask for help. Consult others with more experience to look over your deals and offer insight into things you may have missed.

 

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Direct download: JF_3333_Brian_Shafer_.mp3
Category:general -- posted at: 3:51am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In the episode, Travis Watts discuss the value of consistency in investing. They highlight the importance of a repeatable success strategy, advocating for choosing proven business models and emphasizing specialization. The central idea is that while one-time success might be luck, repeated success signifies skill.

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Direct download: JF_3332_Passive_Investor_Tips_66.mp3
Category:general -- posted at: 3:00am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In today's episode, Joe Cornwell sits down with expert real estate investor, Dylan Koch, to unveil the power of direct-to-seller outreach and its incredible potential for commercial real estate investments. As Dylan divulges his strategies and experiences, listeners get a front-row seat to learn how to replicate these successful techniques in their own ventures.

Key Takeaways:

  • Creative Financing is Gold: Traditional listings often don't provide the flexibility that off-market deals can. By going direct-to-seller, investors can craft creative financing structures, such as seller financing, that benefit both parties.
  • Action Over Perfection: Instead of getting bogged down by the specifics, taking immediate action and refining along the way can yield impressive results. An effective outreach, even if basic, can uncover lucrative opportunities.
  • Direct Outreach is Transferrable: Dylan emphasizes that his methods are not exclusive to residential properties. The strategies can be effectively applied to larger commercial assets, even those in the 50-100 unit range, opening a realm of possibilities for savvy investors.

 

Dylan Koch | Real Estate Background

  • Founder of Morning Brew Properties
  • Portfolio:
    • 29 units of single and small multifamily
  • Based in: Cincinnati, OH
  • Say hi to him at
  • Best Ever Book: Broken Money by Lyn Alden
  • Greatest Lesson: Identify your worst case scenario, and do the math to figure out what you need to do to avoid it. Then, get started - action over perfection.

 

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Direct download: JF_3329_Dylan_Koch_.mp3
Category:general -- posted at: 5:37am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Discover the ins and outs of the self-storage real estate niche with seasoned investor Cameron Barsanti. From humble beginnings to managing a multi-million dollar portfolio, Cameron provides invaluable insights into the self-storage business, focusing on deal flow, mentorship, and partnership. 

Key Takeaways:

  • Deep Discounts = Big Opportunities: Cameron emphasizes the importance of acquiring properties at significant discounts, highlighting how this strategy has fueled his rapid growth. He talks about scaling and looking for opportunities outside typical markets, showcasing that it's less about where and more about the value of the deal.
  • The Power of Mentorship, Partnerships, and Deal Flow: Partnering with the right individuals can leverage greater opportunities than going solo. Cameron credits his success to having mentors, cultivating relationships with partners, and emphasizing the importance of constant deal flow to keep the momentum going.
  • Operational Mistakes and Lessons Learned: Every investor makes mistakes, but the true value lies in the lessons learned. Cameron candidly shares a significant operational oversight, stressing the importance of due diligence and ensuring accurate records during property transfers.

 

Cameron Barsanti | Real Estate Background

  • Founder of Storage Life
  • Portfolio:     
    • Over $40M in self-storage assets in six states
  • Based in: Corrales, NM
  • Say hi to him at: 
  • Best Ever Book: The Mindbody Prescription by John E. Sarno
  • Greatest Lesson: The power of cold-calling can create massive momentum and opportunities.

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Direct download: JF_3330_Cameron_Barsanti.mp3
Category:general -- posted at: 1:38am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Ash Patel and Joe Cornwell engage in a head-to-head debate, diving deep into the nuances of commercial versus residential real estate investing. Drawing on their years of expertise, these industry titans provide insights, challenge perspectives, and share personal experiences that are bound to resonate with every real estate investor. 

Key Takeaways:

  • Vacancy & Value Growth:
    • Joe argues that residential real estate, especially 1-4 units, is influenced heavily by comps, which can sometimes be beneficial, seeing property values doubling unexpectedly.
    • Ash emphasizes the potential of commercial real estate, highlighting that value isn't strictly bound by comps. The signing of a long-term lease with a big name can drastically increase a property's value.
  • Tenant Management:
    • Commercial tenants, often business owners, tend to be more self-reliant, potentially even investing in the property's upkeep themselves. This can reduce management headaches, evictions, and provide more predictable revenue streams.
    • Joe counters by noting that proper screening and management can similarly reduce residential real estate risks.
  • Recession Resilience & Mixed Use Properties:
    • Both Ash and Joe agree on the recession-resistant nature of certain types of properties, specifically mixed-use properties. Combining both commercial and residential tenants can offer a safety net for investors, ensuring steady revenue even in challenging economic climates.

Joe Cornwell | Real Estate Background

 

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Direct download: JF_3327_Joe_Cornwall_2.mp3
Category:general -- posted at: 3:38am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

In this episode, Daniel Angel of Atlanta-based Apex Development Group shared his journey from Colombia to multifamily real estate in the U.S. With a current portfolio valued at over $50 million, Daniel discussed the changing dynamics of value-add multifamily investing. He highlighted the evolving investor sentiment and the challenges of finding high-return deals in today's market.

Daniel Angel | Real Estate Background

  •  Managing Partner / Apex Development Group
  • Portfolio:
    • Mobile home communities (752 pads, $30MM AUM)
    • Multifamily (360 units, $50M AUM)
  • Based in: Atlanta, Georgia
  • Say hi to him at: 
  • Best Ever Book: Who Not How by Dan Sullivan
  • Greatest Lesson: "Learning how to enjoy every step of the way, regardless of the situation."

 

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Direct download: JF_3328_Daniel_Angel_.mp3
Category:general -- posted at: 3:45am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Seasoned investor Tyler Lekas breaks down the multifaceted world of mobile home park investing. Diving deep into the challenges, nuances, and key strategies of the trade, Tyler offers invaluable insights from his years of experience in the field. Whether you're a newbie or a seasoned pro, this discussion promises to shine a light on the pitfalls to avoid and the best practices to embrace.

Key Takeaways:

  • Operational Complexities Can Make or Break Returns: Many investors underestimate the myriad of operational challenges in mobile home park investing. From utilities to park-owned homes, it's essential to understand the intricacies of each variable. A miscalculation or oversight can drastically impact ROI.
  • Beware of Broker Assumptions: Not all brokers fully grasp the nuances of the mobile home park sector. As Tyler highlights, brokers may oversimplify challenges, like filling vacant pads. Investors need to perform thorough due diligence and avoid taking broker assumptions at face value.
  • Insurance is Paramount: Tyler emphasizes the importance of being adequately insured, especially in an asset class as unique as mobile home parks. From ensuring park-owned homes to understanding the complexities of general liability, proper insurance can save investors from potential pitfalls and unexpected costs.

 

Tyler Lekas | Real Estate Background

  • Co-Owner of MHCI Group
  • Portfolio:
    • Mobile home communities (752 pads, $30MM AUM)
  • Based in: Little Rock, AR
  • Say hi to him at: 
  • Best Ever Book: Extreme Ownership by Jocko Willink
  • Greatest Lesson: Owning MHCs is way more in-depth than just "owning the dirt and collecting lot rent". Do your due diligence into the asset class before diving in, so you don't bite off more than you can chew.

 

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Direct download: JF_3324_Tyler_Lekas_.mp3
Category:general -- posted at: 5:09am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

 

Ash Patel welcomes the newest host of the show, Joe Cornwell, a former police officer turned multifamily real estate investor from Cincinnati. Dive in to hear Joe's journey from wearing the badge to managing multifamily properties and the valuable lessons he's picked up along the way.

Key Takeaways:

  • The Power of Pivoting: Joe Cornwell's real estate journey began in 2015, marked by intentional decisions and shifts based on market dynamics and personal growth. Whether it was moving from the police force, starting in live-in flips, or transitioning to larger multifamily investments, Joe's story emphasizes the importance of recognizing opportunities and adapting accordingly.
  • Scaling and Growth: Joe's focus on multifamily properties, due to the economies of scale and efficiency, underlines the potential of commercial real estate investments. By stepping out of his comfort zone and consistently seeking larger deals, Joe exemplifies how to effectively scale in the real estate sector.
  • Balancing Active Business with Investments: As the market changes, so should an investor's focus. Joe shares his strategy of toggling between his general contracting business and real estate investments, providing listeners with a nuanced perspective on maximizing ROI and time.

 

Joe Cornwell | Real Estate Background

 

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Direct download: JF_3326_Joe_Cornwell_1_.mp3
Category:general -- posted at: 5:40am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

In this episode, Travis shares five mindset shifts you can adopt to increase your investing results. From letting go of what’s not in your control to abandoning the scarcity mentality, Travis explores why most of us are living below our max potential.

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Direct download: JF_3325_Passive_Investor_Tips_65.mp3
Category:general -- posted at: 5:07am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow.

In this episode, Slocomb Reed discusses the value of tenant retention for investors and landlords. He also shares four tips for retaining tenants and reducing turnover from his extensive first-hand experience owning multifamily properties.

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Direct download: JF_3324_Slocomb_Solo_Show_Tenant_Retention.mp3
Category:general -- posted at: 5:46am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Ash Patel sits down with seasoned real estate professional, Darin Davis, to unravel the intricate tapestry of Austin's commercial real estate scene. As the winds of change sweep across Austin, transforming it from a college town to a dynamic global business hub, Darin provides a deep dive into what investors need to know, highlighting the importance of passive income, strategies for navigating rising interest rates, and the power of focusing on foundational wealth.

Key Takeaways:

  • Austin's Evolution:
    • Austin's transformation from a laid-back college town to an international business magnet, housing giants like Samsung, Tesla, and Oracle.
    • Despite the rapid influx of businesses and people, Austin continually reinvents itself, preserving its unique charm while embracing modern advancements.
  • Strategies for the Current Market:
    • The shift from ground-up development to focusing on bridge lending due to market changes.
    • The imminent rise of discounted markets in Austin, positioning it as a prime location for savvy commercial real estate investors.
  • The Power of Passive Income:
    • Darin's poignant personal journey emphasizes the indispensable role of passive income and foundational wealth in life's unpredictabilities.
    • The critical distinction between transactional money-making and foundational wealth-building.

Darin Davis | Real Estate Background

  • Principal and Co-Founder, Presario Ventures
  • Portfolio:
    • Multifamily
    • Self-storage
    • Retail
    • NNN
  • Based in: Austin, TX
  • Say hi to him at: 
  • Best Ever Book: Bill O'Reilly's Killing Series
  • Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward.

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Direct download: JF_3323_Darin_Davis_.mp3
Category:general -- posted at: 4:35am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

 

Today’s episode is the audio from our September Cincinnati Meetup, featuring Joe Fairless, Ash Patel and Slocomb Reed. In the panel, the hosts discuss the keys to successful real estate investing. They stress the importance of recognizing one's strengths, forming strategic partnerships, and understanding the psychological aspect of investing. Their insights offer valuable guidance for real estate enthusiasts of all levels.

 

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Direct download: JF_3322_September_Meet_Up.mp3
Category:general -- posted at: 3:53am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Slocomb Reed sits down with Aaron Saunders from Spartan Construction Management, a company specializing in ground-up construction, particularly in the self-storage sector. Aaron shares his background in construction and real estate investing, discussing his transition from single-family homes to multifamily limited partnerships. He also talks about the challenges and lessons learned from ground-up construction projects, including issues related to scope changes, material costs, and regulatory requirements from different municipalities. The conversation highlights the importance of due diligence in real estate investments and the need to plan carefully when embarking on ground-up construction projects.

Aaron Saunders | Real Estate Background

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Direct download: JF_3319_Aaron_Saunders.mp3
Category:general -- posted at: 3:40am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow. 

In this episode, Slocomb Reed discusses the significance of evicting tenants with compassion and professionalism, emphasizing clear communication, advance notice, and assisting with rental assistance. Treating tenants respectfully not only benefits them but also leads to quicker resolutions and profitability for property managers.

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Direct download: JF_3320_Slocomb_Solo_Show_-_Evict_With_Compassion.mp3
Category:general -- posted at: 7:11am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

On this episode of Passive Investor Tips, Travis discusses the financial benefits of moving to states with lower or zero income taxes in the United States. He shares his personal experience of moving to Florida for tax savings, housing affordability, and lifestyle improvements. The episode explores factors to consider when evaluating such a move, like income, housing, and employment, and provides examples of potential tax savings based on different scenarios, highlighting the ongoing trend of people relocating to tax-friendly states.

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Direct download: PITpaul.mp3
Category:general -- posted at: 6:51am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Ash Patel engages in a captivating conversation with Darin Davis, principal and co-founder of Presario Ventures, based in Austin, Texas. Together, they explore the evolving landscape of commercial real estate investing, with a particular focus on the multifamily sector. Darin shares his extensive 22-year journey in the real estate industry, revealing how he transitioned from a corporate background to become a pioneering multifamily investor.

Key Takeaways:

  • The Art of Acquiring at a Discount: Darin emphasizes the importance of purchasing properties at a discount. By not overpaying and targeting Class A properties in areas with strong demographics and job growth, investors can secure solid returns.
  • Economic Perspectives and Predictions: Darin recalls the challenges faced during 2008-2010 and how his team successfully navigated through the economic downturn. He offers predictions on interest rates and provides insights on the looming economic headwinds, suggesting investors should be prepared for current rates to hold for the next three years.
  • Importance of Due Diligence and Trust: The discussion highlights the critical role of due diligence in safeguarding investor interests. Darin touches on the HUD insured loan program, its benefits, and its application. The necessity of establishing and maintaining trust with investors is also underscored.

 

Darin Davis | Real Estate Background

  • Principal and Co-Founder, Presario Ventures
  • Portfolio:
    • Multifamily
    • Self-storage
    • Retail
    • NNN
  • Based in: Austin, TX
  • Say hi to him at: 
  • Best Ever Book: Bill O'Reilly's Killing Series
  • Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward.

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Direct download: ash-patel-darin-davis_2023-oct-04-0602pm_0143_1.mp3
Category:general -- posted at: 7:42am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Andy Sinclair delves deep into the strategies that have catapulted Midloch to success, discusses the importance of diversification in property types, and offers predictions about the future of interest rates and investment approaches in uncertain markets.

Key Takeaways:

  • Value of Diversification: Sinclair emphasizes the importance of diversifying across property types, explaining the risks and potential rewards of focusing on multifamily, commercial, retail, and industrial real estate. He offers insights into how being versatile can provide protection against market fluctuations.
  • Strategic Debt Management: Understanding and managing debt is paramount. Sinclair shares Midloch's strategy of stress-testing deals and the importance of not overleveraging. He highlights the interplay between fixed interest rates, future buyers, and market conditions.
  • Liquidity and Preparedness in Uncertain Times: Sinclair underscores the importance of staying liquid and the challenges and opportunities it presents in the current economy. He provides a forward-looking perspective on accumulating "dry powder" to capitalize on future property investments.

Andrew Sinclair | Real Estate Background

  • CEO and Principal of Midloch Investment Partners
  • Portfolio: 
    • $600 million+ of JV interests in multifamily and commercial real estate mainly in the Midwest
  • Based in: Milwaukee, WI
  • Say hi to him at: 
  • Best Ever Book: Game of Edges by Bruce Schoenfeld
  • Greatest Lesson: There is nothing wrong with having a little cash on hand. You will never regret it when you need it.

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Syndication Attorneys

Direct download: JF_3316_Andy_Sinclair__2.mp3
Category:general -- posted at: 3:49am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Dive into a deep discussion with Rebekah Taylor, partner in Taylored Investments, as she shares her journey from house hacking in Lynchburg, Virginia to partnering with top-class operators in the commercial real estate space. In this episode, we uncover the importance of due diligence, the impact of current market conditions, and the broadened horizons of real estate investing beyond traditional multifamily units.

Key Takeaways:

  • Holistic Investment Approach: Rebekah emphasizes the importance of not only investing in one's finances but also in personal health, family, and spiritual growth. She cautions against being solely driven by financial gains and urges investors to recognize the value in other aspects of life.
  • Current Market Trends & Debt Structures: The shifts in interest rates and the resulting impact on multifamily investments are highlighted. Rebekah touches upon the challenges faced with current debt structures, particularly for those who took short-term interest rates in recent years.
  • The Power of Partnership & Due Diligence: Rebekah's strategic partnership in a residential assisted living facility showcases the significance of teaming up with experienced operators. She stresses the value of thorough due diligence and learning from each investment experience to grow and adapt in the real estate landscape.

Rebekah Taylor | Real Estate Background

  • Partner at Taylored Investments
  • Portfolio: 
    • 120 multifamily units as a GP
    • 437 multifamily units as an LP
    • LP in fund of funds that controls 225 properties with mobile home parks, self-storage, and multifamily 
    • 9 units of SFR and small multifamily
    • Strategic partner in a 125-bed assisted living facility
  • Based in: Lynchburg, VA
  • Say hi to her at: 
  • Best Ever Book: The Go-Giver by Bob Burg
  • Greatest Lesson: Hope for the best & plan for the worst by having multiple income streams for unexpected job losses.

 

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Syndication Attorneys

Direct download: Rebekah_Taylor.mp3
Category:general -- posted at: 4:50am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Derek Vickers shares his journey from manual labor jobs to dominating the mobile home park space. Join us as Derek dives deep into his experiences, shedding light on the pitfalls to avoid, the importance of systems, and the transformative power of hiring right in the commercial real estate realm.

Key Takeaways:

  • The Pitfalls of Rapid Growth: Derek emphasizes the dangers of growing too fast in commercial real estate. Without the right systems in place, it's easy to lose money and find oneself overwhelmed. Preparing and scaling responsibly is paramount to sustainable success.
  • The Power of Systems and Processes: Derek's experience highlights the importance of establishing robust systems early on. From noting step-by-step processes to ensuring checks and balances for managerial roles, these systems can save investors from significant losses.
  • Overcoming Limiting Beliefs in Hiring: Hiring the right team can make or break your real estate business. Derek's initial hesitations about bringing in help, rooted in limiting beliefs, later transformed into an understanding of the invaluable role a supportive team plays. Especially when scaling, the right hires can be game-changers.


Derek Vickers | Real Estate Background

  • CEO of Vicktory Investments and Owner of Park Investing Pros
  • Portfolio: 
    • 1,926 mobile home park pads
  • Based in: Orlando, FL
  • Say hi to him at: 
  • Best Ever Book:  Zeckendorf by William Zeckendorf
  • Greatest Lesson: Don’t grow too quickly. Establish systems and processes along the way, so you can handle the growth when you do decide to scale.

 

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Presario Ventures

Syndication Attorneys

Direct download: Derek_Vickers.mp3
Category:general -- posted at: 3:44am EST

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

 

The Best Ever Book Club is a special monthly series hosted by Best Ever founder Joe Fairless. In each insightful episode, Joe dives into influential books that shape the world of investing, exploring key principles, strategies, and lessons to enrich both the seasoned investor and the curious novice.

In this episode, Joe unravels the wisdom found in The Catalyst by Jonah Berger, delving into what it takes to reduce barriers and remove roadblocks to change. He discusses how the book's lessons can be applied to real estate and personal growth, inspiring listeners to reflect on their own financial paths and aspirations.

If you would like to join the book club and participate live, go to www.bebookclub.com to sign up!

 

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Syndication Attorneys

 

 

Direct download: Bebc_sep_2-1.mp3
Category:general -- posted at: 3:35am EST

Chris Giorgi, an experienced overseas investor, joins Slocomb Reed to discuss his journey into the world of real estate investing. From the challenges of managing long-distance real estate deals to the intricacies of syndication, Chris shares a wealth of insights for commercial real estate investors looking to expand their portfolios and understanding.

Key Takeaways:

  • Clarity and Trust: When investing long-distance, it's crucial to establish clear communication and build trust with your local representatives. Chris emphasizes the importance of having a property manager who's also a realtor.
  • Syndication Due Diligence: Don't just jump into syndications. Understand the debt structures, management plans, and exit strategies. Also, actively seek out and learn from experienced voices in the syndication space.
  • Stay Flexible in Your Strategy: While there are several established strategies in real estate investing, Chris advises not to become dogmatic. It's essential to remain adaptable, question everything, and mold your approach based on changing circumstances and market conditions.

Chris Giorgi | Real Estate Background

  • Overseas investor and contractor for the U.S. Army
  • Portfolio:    
    • 31 units of single family, duplexes, fourplexes, and apartments
    • 20+ syndications as an LP
  • Based in: Hohenfels, Germany
  • Say hi to him at: 
  • Best Ever Book: The Hands-Off Investor by Brian Burke
  • Greatest Lesson: Don't be so dogmatic about never selling. Always evaluate your properties, especially as it refers to turn on equity, and make decisions that are best for your portfolio.

 

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Direct download: JF_3313_Chris_Giorgi_.mp3
Category:general -- posted at: 6:29am EST

From the challenges of project budgeting and dealing with the unexpected twists of 2021, to the importance of conservative underwriting and the role of refinance, Sean Tagge offers a goldmine of insights into multifamily investing. Slocomb Reed facilitates a compelling discussion that also explores the mental and leadership aspects crucial for any investor's success.

Key Takeaways:

  • Budgeting Realities: Recognize that going over budget can sometimes be part of the game. Use data and experience to predict and manage these situations, especially when external factors like rising material and labor costs come into play.
  • Conservative Underwriting & Refinancing: Approach underwriting  conservatively. Sean shares how refinancing can significantly affect your IRR and why it's vital to ensure your deals work out even without relying on refinance.
  • Leadership in Real Estate: Embrace your role as a leader in commercial real estate. Understanding and respecting the influence you have on others, from your team to your clients, can make or break your success in the industry.

Seth Tagge | Real Estate Background

  • Founder of Acorn Equity and Acquisitions
  • Portfolio:
    • 650 multifamily units
  • Based in: Salt Lake City, UT
  • Say hi to him at: 
  • Best Ever Book: The Big Leap by Gay Hendricks
  • Greatest Lesson: Treat others as you would want to be treated when acting as their boss. You have so much influence over others as a leader. Don’t waste it.

 

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Direct download: JF_3312_Sean_Tagge_.mp3
Category:Financing -- posted at: 5:03am EST

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

Although you technically don’t need to know how to underwrite a deal in order to be an LP, it can give you a huge advantage in choosing the best deals for your goals. In this episode, Travis explains the basics of underwriting that LPs should know before investing in a deal.

 

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Direct download: JF_3311_Passive_Investor_Tips_63.mp3
Category:general -- posted at: 3:50am EST

From starting in college with a 12-unit apartment complex to managing multimillion-dollar portfolios in Austin and Michigan, David Toupin shares his vast experiences, challenges, and the software solution he developed for the industry.

Key Takeaways:

  • The Power of Opportunistic Investment: David emphasizes the importance of being asset agnostic and open to opportunities in various sectors of real estate, from multifamily to industrial, and everything in between.
  • Challenges with National Tenants: Delve into a real-world challenge David faced with a national tenant in one of his commercial properties. The discussion provides insights into lease negotiations, corporate guarantees, and strategies for damage control.
  • Introducing Real Estate Lab: David shares the inception and capabilities of his software platform, Real Estate Lab. Designed as an all-encompassing tool, it aids investors in managing their entire real estate portfolio, from acquisition to exit.

 

David Toupin | Real Estate Background

  • Owner of Real Estate Lab and Toupin Holdings
  • Portfolio:
    • $140M of multifamily and commercial assets
  • Based in: Austin, TX
  • Say hi to him at: 
  • Best Ever Book: Never Split the Different by Christopher Voss
  • Greatest Lesson: Staying open to opportunities regardless of asset class. You can make money in anything if you buy right.

 

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Direct download: JF_3310_David_Toupin_.mp3
Category:general -- posted at: 3:13am EST

As a seasoned expert in acquiring distressed properties, Bruce shares valuable insights on vertical integration, market dynamics, and the importance of a macro thesis in investment. Whether you're new to commercial real estate or a seasoned professional, Bruce's expertise provides clarity on navigating the current landscape and capitalizing on emerging opportunities.

Key Takeaways:

  • The Power of Vertical Integration: Bruce elaborates on the pros and cons of vertically integrating your portfolio, focusing on the value of in-house property management. He also shares challenges faced with third-party property management and the importance of a dedicated operational team.
  • Understanding Current Market Distress: The implications of rapid interest rate changes on property refinancing and how many operators find themselves in precarious positions. Bruce shares real-time examples of distress emerging from factors like floating rate debts, maturing loans, and expiring rate caps.
  • Investment Philosophy & Approaches: The value of disciplined, numbers-driven decision-making in real estate investment. Bruce emphasizes the importance of taking that first step in real estate, the "law of the first deal," and having a clear, long-term macro thesis to guide investment decisions.

 

Bruce Fraser | Real Estate Background

  • Managing Partner Elkhorn Capital Partners, real estate private equity firm that focuses on distressed property situations
  • Portfolio: 
    • 2,000 multifamily units
  • Based in: Dallas, TX
  • Say hi to him at: 
  • Best Ever Book: Creature From Jekyll Island by G. Edward Griffin
  • Greatest Lesson: Just buy something. Anything. Most people don’t even make that move. Even if it’s your worst deal, you will learn so much from it, and you’ll be on your way to the future.

 

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Direct download: JF_3309_Bruce_Fraser.mp3
Category:general -- posted at: 3:59am EST

From flex space buildings to multifamily apartments, Seth Teagle shares his experiences, challenges, and insights into real estate development, shedding light on key elements that can make or break a deal.

Key Takeaways:

  • Understand the Market Dynamics: It's essential to comprehend the current saturation levels in the real estate market, especially in multifamily apartments. Knowing where to invest and when can be the difference between a successful or a failed venture.
  • Due Diligence is Crucial: Before making any property purchase, especially in land development, ensure all due diligence processes, like understanding zoning requirements and the area's economic development plans.
  • Optimize for Value-Add: Whether it's ensuring properties have modern amenities or analyzing the cost-benefit ratio of construction elements, always look for opportunities to add value to the investment.

 

Seth Teagle | Real Estate Background

  • CEO of The Stream Group
  • Portfolio:
    • Multifamily and ground up projects
  • Based in: Columbus, OH
  • Say hi to him at: 
  • Best Ever Book: The Creature from Jekyll Island by G. Edward Griffin
  • Greatest Lesson: Not everyone in your immediate circle is happy for your successes. Surround yourself with people you’re able to share both good news and bad news with.

 

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Direct download: JF_3308_Seth_Teagle_.mp3
Category:general -- posted at: 3:21am EST

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow.

In this episode, Slocomb shares the three questions he asks new investors when they ask him for advice about whether or not to seek out long term buy and hold investments. These questions will help determine if long term investing is the right strategy for you.

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Direct download: JF_3307_Slocomb_Solo_Show_-_3_Questions.mp3
Category:general -- posted at: 5:12am EST

In this enlightening conversation with Chad Carson, we unpack the intricate journey of commercial real estate investment. From the balance between aspiration and satisfaction to understanding the deeper reasons behind urban development, Chad offers a unique perspective that integrates real estate knowledge with personal growth and community-building aspirations.

Key Takeaways:

  • The Moving Goalpost Phenomenon:
    • Investors often shift their financial targets, leading to a never-ending race.
    • Recognizing your "enough" is pivotal for satisfaction and growth in the industry.
  • Importance of Community Understanding:
    • Chad recommends the book "Strong Towns" that emphasizes the financial dynamics and designs of towns, which is crucial for commercial investors.
    • Engaging in local community activities and understanding urban development can influence investment decisions and enhance community welfare.
  • The Power in Diversification:
    • Chad shares his strategy for investing in both single family rentals and small multifamily properties to create the ideal portfolio.
    • He also discusses the power in "doing your own thing" with the lessons you learn from others to create the lifestyle you want to live.

Chad Carson | Real Estate Background

  • Owner of Coach Carson
  • Portfolio:
    • 37 units, 99 units total - mix of small multifamily and single family homes
  • Based in: Clemson, SC
  • Say hi to him at: 
  • Best Ever Book: Strong Towns by Charles Marohn
  • Greatest Lesson: Understand your why before you scale quickly. Know where your threshold of success is and stick to it, so you don't end up chasing the ever moving goalposts.

 

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Direct download: JF_3306_Chad_Carson.mp3
Category:general -- posted at: 3:00am EST