Tue, 30 April 2024
JF3526: Navigating Hotel Investing, Maximizing Revenue with PIPs, and Transitioning to Multifamily Investments ft. Hait Patel
Hait Patel from the DeRosa Group discusses his experience in hotel and multifamily property acquisitions. He covers the challenges and trends in the hospitality industry, the impact of Airbnb, and the shift towards boutique hotels. Patel also explains the advantages of multifamily investing, noting its lower risk and broader market appeal, and emphasizes the importance of long-term investment strategies and portfolio diversification. Hait Patel | Real Estate Background
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Mon, 29 April 2024
JF3525: Cash-Flowing from Day One While Playing the Long Game in Mobile Home Park Investing ft. Joshua Condado and Colin Davis
Joshua Condado and Colin Davis, full-time nurses who also invest in mobile home parks, join host Joe Cornwell on the Best Ever Show. In this episode, Joshua and Colin discuss starting in single-family residential real estate before leveling up into medium-sized mobile home parks. They share their strategies for building relationships to secure off-market deals, how creative financing allows them to cash flow from day one, and how they invest in real estate while maintaining their careers as nurses, at least for now. Joshua Condado and Colin Davis | Real Estate Background
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Direct download: JF_3525_Joshua_Condado_and_Colin_Davis_.mp3
Category:general -- posted at: 2:58am EDT |
Sun, 28 April 2024
JF3524: The RIGHT Way to Conduct a Proper Multifamily Lease Audit — The Due Diligence Show ft. Sean Thompson
Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, Sean Thompson, director of property management operations at Property Management Stewards, joins Slocomb to discuss how to properly conduct a multifamily lease audit. Sean Thompson | Real Estate Background
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Direct download: JF_3524_Due_Diligence_8_-_Sean_Thompson_.mp3
Category:general -- posted at: 3:26am EDT |
Sat, 27 April 2024
JF3523: Distressed Deals, Outsourcing vs. In-House Property Management, and the Variances in Triple-Net Leases ft. Calvin Chin
Calvin Chin, founder of Zen Coast Capital, joins host Ash Patel on the Best Ever Show. In this episode, Calvin discusses the pain points of outsourcing property management, acquiring a $21 million 150-unit multifamily property, and capitalizing on distressed deals in 2024. He also discusses branching out beyond multifamily, testing the waters of triple-net leases, and more.
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Fri, 26 April 2024
JF3522: Investor Sentiment in 2024, Affordable Housing, and the Demographic Tailwinds Driving Mobile Home Parks ft. Chris Larsen
Chris Larsen, founder of Next Level Income, joins host Slocomb Reed on the Best Ever Show. In this episode, Chris discusses affordable housing, opportunistic investing, and the demographic tailwinds that drive mobile home parks. He also explains why, when he used to underwrite 100 deals to find a great deal, he’s now underwriting 400 before he finds one. Chris Larsen | Real Estate Background
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Thu, 25 April 2024
JF3521: The Unsung Heroes Most Responsible for Executing Your Value-Add Business Plan ft. Kyle McKinney
Kyle McKinney, CRE investor and founder/coach at Pentagon Property Academy, joins host Slocomb Reed on the Best Ever Show. In this episode, Kyle discusses the nuances of asset management, including the division of labor between property managers and asset managers and why asset managers are the experts most responsible for executing a value-add business plan.
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Wed, 24 April 2024
JF3520: The Worst Thing You Can Do at a Conference and the Science Behind Finding Partners and Building a Team ft. Liz Faircloth
Liz Faircloth, co-founder of InvestHER, joins host Slocomb Reed on the Best Ever Show. In this episode, Liz discusses her background in personality assessments, including the importance of identifying personality drivers, visionaries vs. integrators, and why you should seek opposite personalities when targeting partners, employees, brokers, and more. Previous Episode: JF2780: How Empowering Women in Real Estate Benefits Everyone Liz Faircloth | Real Estate Background
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Tue, 23 April 2024
JF3519: Why Self-Storage Is Like Netflix, Raising Rents without Losing Tenants, and the Key to Creating Value ft. Jacob Vanderslice
Jacob Vanderslice, principal of VanWest Partners, joins host Ash Patel on the Best Ever Show. In this episode, Jacob provides a comprehensive look at the state of self-storage. He breaks down the impact floating-rate debt has had on the sector, how securing financing has changed, and the changing face of self-storage demand. He also shares how he navigates the tricky world of rate increases with his tenants.
Jacob Vanderslice | Real Estate Background
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Mon, 22 April 2024
JF3518: Lies in the Media, Shocking the Market, and Why Retail Is on Fire While Multifamily Struggles — Best Ever Roundtable
In this episode of the Best Ever Show, hosts Ash Patel, Slocomb Reed, and Joe Cornwell convene for another Roundtable. In this episode, the guys recap their biggest takeaways from the Best Ever Conference, including why interest rates aren’t coming down anytime soon, how the media’s clickbait culture has misled investors, and why retail vacancy is at an all-time low and non-residential real estate is on fire while the multifamily sector continues to struggle. Get your tickets to Best Ever Conference 2025 here. Sponsors: |
Sun, 21 April 2024
JF3517: Cheat Codes to Accurately Assess Capital Expenditure Needs Ahead of an Acquisition — The Due Diligence Show ft. John Wilhoit, Jr.
Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, John Wilhoit Jr., an asset manager who owns 10,000 units, joins Slocomb to discuss how to assess capital expenditure needs ahead of an acquisition, including a case study breaking down what he’d expect in an old building, the challenges that property would provide, and how to overcome them.
Previous Episode: JF140: How Much do Multifamily Asset Managers Get Paid? Sponsors:
Direct download: JF_3517_Due_Diligence_Show_7_-_John_Wilhoit.mp3
Category:general -- posted at: 3:04am EDT |
Sat, 20 April 2024
JF3516: Tax Mistakes Investors Make that Drive CPAs Crazy, and How to Avoid Them ft. Kiyoshi Simon and Amanda Han
Kiyoshi Simon and Amanda Han join host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss tax compliance, financial health checks, and why your tax strucutres need to evolve along wiht you and your real estate business. They also share the tax mistake investors make that drive CPAs crazy, and how to avoid them. Sponsors: |
Fri, 19 April 2024
JF3515: The Retail Boom, Rent Control Risks, and the Truth About the Housing Shortage ft. John Chang
John Chang, head of research at Marcus and Millichap, joins host Joe Cornwell on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, John discusses the state of commercial real estate, including why retail is so hot right now, the state of the office market, and why multifamily investors in certain markets should be wary of rent control risks. He also breaks down the housing shortage, providing historical context and the truths most overlook. Sponsors: |
Thu, 18 April 2024
JF3514: Partner Hunting, Avoiding FOMO, and Learning from Master Capital Raisers at the Best Ever Conference ft. Liam Delumpa and Ian Cruz
Investors Liam Delumpa and Ian Cruz joined host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss the conference experience, including networking, partner hunting, and the value of gaining knowledge from fellow investors who are on the ground every day, doing the work. They also discuss learning from master capital raisers, doing your first out-of-state multifamily deal, and not buying out of FOMO. Liam Delumpa and Ian Cruz | Real Estate Background
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Wed, 17 April 2024
JF3513: Secrets to Finding Good Property Management, Understanding Your Weaknesses, and Diversifying into Income Streams ft. Matt Fore
Matt Fore, partner at Next-Level Income, joins host Joe Cornwell on the Best Ever Show. In this episode, Matt discusses finding good property managers and the keys to building a successful partnership. He also shares his strategy for getting tech professionals to invest in his deals, the benefits of diversifying into income streams, and why he’s currently bullish on mobile home parks. Matt Fore | Real Estate Background
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Tue, 16 April 2024
JF3512: Bringing Co-GP Equity to Deals and the Evolution of GP–LP Splits ft. Mark Purtell and Preston Hartsell
Mark Purtell and Preston Hartsell of CTC Capital Management join Slocomb Reed on the Best Ever Show. In this episode, Mark and Preston discuss bringing co-GP equity to deals, when to focus on IRR, and what kind of IRRs they’re currently targeting. Mark Purtell and Preston Hartsell | Real Estate Background
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Direct download: JF_3513_Mark_Purtell_and_Preston_Hartsell_.mp3
Category:general -- posted at: 5:36am EDT |
Mon, 15 April 2024
Michael Parrott, Director of Acquisitions for Suncap Real Estate, discusses his background and entry into real estate, as well as his focus on flex industrial and grocery anchored retail assets in the Southeast. He explains the advantages of investing in flex industrial properties, such as predictable supply and affordability for tenants. Parrott also shares a case study of a successful investment in Elk Mountain Business Park. He discusses the strategy for investing in grocery anchored retail centers and the importance of underestimating insurance rates. Parrott recommends the book 'Faith Driven Investing' and highlights the Fellowship of Christian Athletes as an organization he supports. Takeaways:
Michael Parrott | Real Estate Background
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Sun, 14 April 2024
JF3510: Discovering Creative Value-Add Opportunities Through Due Diligence — the Due Diligence Show ft. Jonathan Bombaci
Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, Jonathan Bombaci, founder of Candor Realty, joins Slocomb to discuss his due diligence process, specifically how to discover creative value-add opportunities. Jonathan Bombaci | Real Estate Background
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Direct download: JF_3511_Due_Diligence_Show_6_-_Jon_Bombaci_.mp3
Category:general -- posted at: 3:00am EDT |
Sat, 13 April 2024
JF3509: Finding Deals, Getting Offers Accepted, and How to Get from LOI to Closing Table ft. Jon Siegel
Jon Siegel, co-founder and chief investment officer at RailField Partners, joins Slocomb Reed on the Best Ever Show. In this episode, Jon discusses the fundamentals of acquisitions, including how to find deals in 2024, the importance of building relationships with brokers, and how to get your offers accepted in a competitive environment. He also shares his strategies for getting from an accepted LOI to the closing table. Jon Siegel | Real Estate Background
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Fri, 12 April 2024
JF3508: What Lenders Really Want, How to Position Yourself as an Attractive Buyer, and the Importance of Liquidity ft. Jacob Wilson
Jacob Wilson, managing partner of Crux Commercial Partners, joins Slocomb Reed on the Best Ever Show. In this episode, Jacob discusses what he’s seeing in the lending marketplace, including what lenders are really looking for in buyers, how to position yourself as an attractive buyer to lenders, the importance of liquidity, and more. Jacob Wilson | Real Estate Background
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Thu, 11 April 2024
JF3507: The Series Finale — Best Ever Advice from Passive Investor Tips | Passive Investor Tips ft. Travis Watts
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 season finale episode of Passive Investor Tips, host Travis Watts provides a highlight reel of snippets from previous episodes. He emphasizes the importance of savings rate in achieving financial independence and retirement. He discusses the benefits of passive income investing and the value of value-add real estate. Travis also shares tips on saving money, diversifying investments, and being adaptable in the market. He highlights the advantages of commercial real estate investing and the concept of FIRE (Financial Independence Retire Early). Sponsors:
Direct download: JF_3508_Passive_Investor_Tips_90_-_SERIES_END_1.mp3
Category:general -- posted at: 7:12am EDT |
Wed, 10 April 2024
JF3506: The Infinite Game Mentality, Third-Party Property Management, and Why Amazon Isn’t Killing Retail ft. Todd Nepola
Todd Nepola of Current Capital Management joins Slocomb Reed on the Best Ever Show. In this episode, Todd discusses buying and managing warehouse, retail, and industrial real estate. He also discusses retail property management, why you should treat every property like you’ll own it forever, and why Amazon isn’t killing retail. Todd Nepola | Real Estate Background
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Tue, 9 April 2024
JF3505: Conservative Underwriting, Being a Solo GP in a Co-GP World, and Why 2024 Is a Good Time to Buy Multifamily ft. Aaron Katz
Aaron Katz, owner of Aaron Katz Apartment Investing, joins Slocomb Reed on the Best Ever Show. In this episode, Aaron discusses what’s happening in the Dallas, Texas, multifamily market. He also discusses being a solo GP in a co-GP world, being a “slow-and-steady” deal sponsor, and why 2024 is a good time to buy multifamily. Aaron Katz | Real Estate Background
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Mon, 8 April 2024
JF3504: ‘Bet on the Jockey, Not the Horse’ — Alternative Assets and What to Look for in Passive Investments ft. Jeremy Kuchenbecker
Jeremy Kuchenbecker, an active investor and LP in over 27 investments, joins Joe Cornwell on the Best Ever Show. In this episode, Jeremy discusses his path to financial freedom via real estate, including his first deal, scaling his investment portfolio, and avoiding lifestyle creep. Her also discusses investing in alternative assets like car washes, oil and gas, and ATMs and what LPs should look for in investments. Jeremy Kuchenbecker | Real Estate Background
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Sun, 7 April 2024
Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, Adrian Otto, president and managing director of Whitestone Capital and CEO of WPG Property Management, joins Slocomb to discuss his due diligence process when walking properties, specifically how to spot and fix poorly operated properties. Sponsors:
Direct download: JF_3503_Due_Diligence_5_-_Adrian_Otto_.mp3
Category:general -- posted at: 3:00am EDT |
Sat, 6 April 2024
JF3502: How to Build, Finance, and Manage a Short-Term Rental Portfolio from Scratch ft. Cale Delaney
Cale Delaney, owner of JBR Investments & Management, joins Joe Cornwell on the Best Ever Show. In this episode, Cale discusses his move from construction management to investing in short-term rentals in the Smoky Mountain region. He shares how he built his short-term rental business, including the keys to a successful short-term rental and the financing, renovation, and rental strategies in a changing STR landscape. Cale Delaney | Real Estate Background
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Fri, 5 April 2024
JF3501: Challenges, Tax Structures, and Protecting Investor Capital When Investing in International Short-Term Rentals ft. Martin Papp
Martin Papp, a general partner at The Nova Haus, joins Slocomb Reed on the Best Ever Show. In this episode, Martin discusses his background in real estate investing and his current focus on building luxury boutique short-term rentals in high-growth markets. He also explains the return potential in international markets compared to the United States and the challenges of financing properties abroad. Martin Papp | Real Estate Background
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Thu, 4 April 2024
JF3500: Barbara Corcoran — Lessons from Waiters and Taxi Drivers, Finding Talent in Unlikely Places, and Timeless Strategies for Building a Real Estate Empire
In this Best Ever Classic from April 2015, we’re bringing back Joe Fairless’s fantastic conversation with Barbara Corcoran. You might know her from Shark Tank, but Barbara is also the founder of the Corcoran Group, where she turned a $1,000 loan into a $5 billion real estate business. In this episode, Barbara shared timeless strategies for building a real estate empire, including finding talent in unlikely places, how conversations with taxi drivers and waiters informed her investment strategy, the secrets to identifying up-and-coming neighborhoods that helped her buy 12 buildings in New York City, and much more.
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Wed, 3 April 2024
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, Travis Watts concludes "Passive Investor Tips" series on the Best Ever Show, thanking listeners for their support over 4 years, shares tips for financial independence through passive income, and announces a related book release. Sponsors: |
Tue, 2 April 2024
JF3498: A New Class of Buyer, the Evolution of Leasing, and How Other Classes Stack Up vs. Industrial Real Estate ft. Chad Griffiths
Industrial real estate broker and investor Chad Griffiths joins host Slocomb Reed on the Best Ever Show. In this episode, Chad discusses the state of industrial real estate, including how businesses have become a new class of buyer, how industrial leasing has evolved in a high-interest-rate environment, and how industrial stacks up vs. other asset classes in 2024. Previous Episode: JF2779: Why Now Is the Time to Break into Industrial Real Estate ft. Chad Griffiths Jack Thomas | Real Estate Background
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Mon, 1 April 2024
JF3497: Adventures in Private Lending, Investing in Hotel Development, and How to Strategically Target Appreciation Hot Spots ft. Jack Thomas
Jack Thomas, president of Jetway Financial, joins host Joe Cornwell on the Best Ever Show. In this episode, he explains his transition from fix-and-flips to private lending and note investing. He also discusses targeting cash flow vs. appreciation across different markets, how to strategically plan for appreciation, and raising capital to invest in hotel development, including the four-legged model he uses for sustainable investing. Jack Thomas | Real Estate Background
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