The Best Ever CRE Show

Randy Langenderfer, President of Invest Arc Properties, shares his experience in real estate investing and discusses his current focus on single-family development. He talks about the advantages of starting with single-family homes, such as building contractor relationships and getting in good graces with the city for future multifamily projects. Randy also discusses the challenges of dealing with variable rate debt and the potential impact of rising interest rates on the market. He provides advice for both passive investors and those looking to enter the multifamily syndication space.

Randy Langenderfer | Real Estate Background

Direct download: JF_3649_Randy_Langenderfer_.mp3
Category:general -- posted at: 3:00am EDT

John Casmon, founder of Casmon Capital Group, shares insights on investing in smaller multifamily deals. He emphasizes the importance of having local partners with boots on the ground and a proven track record. By partnering with experienced property managers and other team members, investors can leverage their expertise and navigate the challenges of smaller deals. Casmon also discusses the alignment of interests among team members and the flexibility to make changes if necessary. He advises investors to focus on finding partners who bring value and have the specific skill sets needed for the deal. Overall, the key takeaway is to identify proven performers and build a strong team for successful investing in smaller multifamily deals.

John Casmon | Real Estate Background

Direct download: John_Final_V2.mp3
Category:general -- posted at: 3:00am EDT

Jennings Smith shares his journey from being a contractor to becoming a successful real estate investor. He started in single-family homes and eventually transitioned to multifamily properties. Jennings emphasizes the importance of shifting your mindset and identity to that of a real estate investor. He also discusses the criteria he looks for in markets, including population growth and stability. Jennings shares a specific deal where he was able to negotiate a lower insurance premium and increase the property's cash flow. He also talks about structuring deals with investors and the importance of building a network and surrounding yourself with like-minded individuals.

Jennings Smith | Real Estate Background

  • The Deal Room
  • Portfolio:
    • 1280 Multifamily Units, 500 Self Storage Units
  • Based in: Charleston SC
  • Say hi to him at:

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3647_Jennings_Smith_Jr_.mp3
Category:general -- posted at: 3:00am EDT

In this conversation, Sam Wilson discusses his decision to scale back his real estate portfolio for lifestyle reasons. He shares his background and the journey that led him to prioritize fulfillment and personal satisfaction over growth and expansion. Sam talks about finding fulfillment in real estate investing by focusing on assets that have outsized returns without requiring excessive time and resources. He also discusses his unique approach to laundromats and how he combines the needs of others with his own gifts to bring value to the world. Sam offers advice on prioritizing and acting on what truly matters to achieve a more fulfilling life.

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3646_Sam_Wilson_.mp3
Category:general -- posted at: 3:00am EDT

Neal Bawa discusses the changes in the syndication industry over the past 18 months and how his business has adapted. He highlights the use of preferential equity as a great opportunity for investors, offering better returns and lower risk compared to traditional equity investments. He also explains the concept of preferential equity and how it can be used to refinance properties and stabilize cash flow. Bawa emphasizes the importance of risk mitigation and the need to find good preferential equity deals.

Neal Bawa | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3645_Neal_Bawa_.mp3
Category:general -- posted at: 3:00am EDT

Richard and Brad Simtob, partners of Simtob Management and Investment, discuss their experience in real estate investing and property management. They share their journey from starting with an 11-unit building to owning over 1,000 multifamily units. They emphasize the importance of implementing the Entrepreneur Operating System (EOS) in their company and how it has helped them with planning, goal-setting, and leadership development. They also discuss their approach to resident screening and the lessons they have learned from managing C-class properties. Additionally, they highlight the significance of building a strong team and the challenges and benefits of working with family.

Richard Simtob | Real Estate Background

  • Simtob Management & Investment
  • Portfolio:
    • Retail centers and 1000 MF units in two cities
  • Based in: West Bloomfield MI
  • Say hi to him at:

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

 

Direct download: Brad_and_Richard_Simtob_FinalV2.mp3
Category:general -- posted at: 3:00am EDT

Aman Singh, the managing partner of Victory Multifamily, shares his background in multifamily real estate and his journey from single-family homes to multifamily properties. He discusses the importance of being hands-on and involved in the day-to-day operations of the properties, including overseeing property management and expenses. Aman also talks about the business plan for his multifamily portfolio, which focuses on increasing NOI through unit upgrades, utility billbacks, and other income sources. He emphasizes the need for solid debt structures and proper systems and processes to ensure the success of the business plan. Aman also addresses the challenges of increasing payroll expenses and shares strategies for mitigating those costs.

Aman Singh | Real Estate Background

  • Victory Multifamily
  • Portfolio:
    • GP 505 Units, 86 SFH Section 8 Housing
  • Based in:  Dallas, TX
  • Say hi to him at:

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3643_Aman_Singh.mp3
Category:general -- posted at: 3:00am EDT

Jason Malabute, an apartment syndicator and CPA, shares his journey into real estate investing and the challenges he faced in the accounting side of the business. He discusses the importance of finding the right partners and the difficulties in raising capital for syndication deals. Jason also highlights the benefits of investing in the Atlanta market, including population growth and diverse industries. He emphasizes the significance of quality accounting in real estate investing and the need for proper bookkeeping systems.

Jason Malabute | Real Estate Background

  • Malabute and Company, CPAs
  • Based in: Los Angeles, CA
  • Say hi to him at:

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3642_Jason_Malabute_.mp3
Category:general -- posted at: 3:06am EDT

Anthony Walker, CEO of Black Swan, discusses his real estate development projects, including a 165-acre development in Maui. The goal of Black Swan is to create communities where people can live, work, and have a sense of pride. The development includes an amphitheater, a community gathering area, and affordable and market-rate apartments. Anthony talks about the challenges of building in Maui, including high construction costs and the need for subsidies. He also emphasizes the importance of partnerships, community involvement, and transparency in the development process.

Anthony Walker | Real Estate Background

  • Black Swan
  • Based in: Maui & Coeur d'Alene
  • Say hi to him at:
 
Direct download: Anthony_Walker.mp3
Category:general -- posted at: 3:00am EDT

Ray Tran, a real estate coach and educator, shares his journey from corporate finance to becoming a teacher and real estate investor. He emphasizes the importance of financial literacy and entrepreneurship education for young students. Ray discusses his experience in both single-family and commercial real estate investing, including value-add deals and syndications. He explores the debate between value-add investing and the BRRRR method for building long-term wealth in real estate. Ray also highlights the opportunities in the current market, such as distressed properties and bridge debt.

Ray Tran | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3640_Ray_Tran_.mp3
Category:general -- posted at: 3:50am EDT

Rick and Crystal Rummer, real estate investors at Texas Secured Notes, discuss their experience in originating and selling land notes. They share their background in real estate investing and how they transitioned to focusing on land notes. They explain their process of buying large tracts of land, subdividing them into smaller ranchettes, and selling them through owner financing. They discuss the criteria they look for when purchasing land and the importance of road frontage and access. They also highlight the role of third-party servicers in managing the notes and the importance of proper underwriting and documentation. They share lessons learned and the challenges and opportunities in the land note business.
 
Direct download: JF_3639_Rick_and_Crystal_Rumer_.mp3
Category:general -- posted at: 3:00am EDT

Walter Johns, owner of CWJ Investment Group LLC, shares his journey in real estate investing and the lessons he has learned over the past 14 years. He started with single-family homes and mobile homes, but realized he needed a passive income strategy to grow his wealth. He transitioned to investing in multifamily syndications and has seen great returns. Walt also discusses his latest project, a subdivision strategy where he is building and selling 96 new homes. He emphasizes the importance of vetting general partnership teams and understanding the exit strategy. Walt advises investors to be intentional about their finances and to invest in their education.

Walter Johns | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: Walter_2.mp3
Category:general -- posted at: 3:00am EDT

Ken Gee, the managing member of KRI Partners, shares his insights on real estate investing and the current market. He discusses the advantages of raising capital in funds rather than on a deal-by-deal basis, emphasizing the importance of trust and transparency. Ken also talks about the current market cycle and predicts that interest rates will come down, leading to an increase in the volume of deals. He advises investors to stay disciplined and underwrite real numbers, focusing on properties with upside potential. Ken concludes by highlighting the indicators of a market shift, such as the comparison between the cost of debt and cap rates, the number of offers brokers receive, and the availability of bridge financing.

Ken Gee | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3637_Ken_Gee_.mp3
Category:general -- posted at: 3:00am EDT

Amanda Cruise and Ash Patel interview DA Wilson, a tax attorney specializing in real estate transactions. They discuss the importance of proactive tax planning and structuring transactions to maximize take-home dollars. They also cover common tax mistakes made by real estate professionals and the benefits of tax incentives such as 1031 exchanges and capital gains treatment. DA Wilson emphasizes the need for both a tax attorney and a CPA when dealing with audits and disputes with the IRS. He also highlights the importance of asset protection and estate planning for growing real estate businesses.

D.A. Wilson | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3636_D.A._Wilson_.mp3
Category:general -- posted at: 3:45am EDT

Max Gonzales, the managing principal of Geometric RE, shares his background in real estate investing and discusses the importance of understanding the larger capital structuring of deals. He emphasizes the need for a team approach in larger acquisitions and highlights the Feast or Famine nature of the real estate cycle. Max also discusses the impact of low interest rates on the market and the importance of assessing risk and reward when investing in different asset classes. He advises investors to focus on long-term, quality assets and to pay attention to the risk associated with high return deals. Max also discusses the challenges of investing in California and the importance of ease of management in real estate investments.

Max Gonzales | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3635_Max_Gonzales.mp3
Category: -- posted at: 3:00am EDT

Zeona McIntyre, a realtor and investor, discusses her shift to creative financing in the real estate market due to rising interest rates. She explains that creative financing, such as subject-to deals and seller financing, allows investors to take advantage of lower interest rates and tax advantages. McIntyre emphasizes the importance of understanding the tax loopholes and advantages for short-term rentals, which can provide significant tax deductions. She also shares her experiences with partnerships and the lessons she learned from deals that didn't go as planned. McIntyre advises listeners to adapt their investing strategies and utilize resources like Facebook groups to find off-market deals.

Zeona McIntyre | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: Zeona_McIntyre.mp3
Category:general -- posted at: 3:00am EDT

Nate Whigham, President of EN Capital, joins Amanda Cruise and Ash Patel to discuss capital advisory work in commercial real estate. Nate shares his expertise in debt and equity placement, particularly in transitional deals that require structured finance. He explains the challenges and opportunities of placing capital in markets like Puerto Rico and the Caribbean. Nate also discusses the current investor sentiment and the types of deals that are attracting capital. He emphasizes the importance of timing and strategic deployment of capital in the current market cycle.

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

 

Direct download: nate.mp3
Category:general -- posted at: 3:00am EDT

Brian Ferguson, founder of Fergmar, focuses on value-add real estate, long-term holds, and cash flow. He addresses challenges in finding deals and hiring, while committing to veteran support and home ownership initiatives.

Brian Ferguson | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: brian_h_ferguson.mp3
Category:general -- posted at: 5:19am EDT

Slocomb Reed discusses who should self-manage multifamily portfolios, considering whether real estate is your primary income and your goals. He highlights the control and challenges of self-management and shares personal examples to illustrate its impact.

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3629_Slocomb_Operations_1.mp3
Category:general -- posted at: 3:00am EDT

Ash Patel, a commercial real estate investor, shares his journey and insights in this conversation. He stumbled upon commercial real estate after buying a mixed-use building and realizing the benefits of commercial tenants. He has since invested in various asset classes and focuses on high-value add deals. Ash discusses the current market conditions and the opportunities he sees, including the potential in office buildings in walkable suburbs. He emphasizes the importance of hiring and building a team to scale your business. Ash also shares lessons learned from Bad Deals and operational mistakes.

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3630_Ash_Patel_.mp3
Category:general -- posted at: 3:00am EDT

Daniel Casey, CEO of North40 Capital, renovates C and D apartments in prime locations to compete with class A properties. He emphasizes affordable, high-quality housing and the advantages of being a local owner-operator.

Daniel Casey | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: daniel_casey.mp3
Category:general -- posted at: 6:26am EDT

Ian Cruz and Slocomb Reed discuss investing for long-term growth versus cashflow in real estate, focusing on 2024 multifamily opportunities, interest rates, and market volatility. They stress understanding market fundamentals and vetting operators.

Ian Cruz | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3628_Ian_Cruz.mp3
Category:general -- posted at: 5:20am EDT

Anthemos Georgiades, co-founder and CEO of Zumper, discusses the value of digitizing the rental process and the importance of understanding the needs of both renters and landlords. Zumper serves as a lead generator for landlords, attracting millions of renters to their platform. They also provide data and insights to help landlords make informed decisions about pricing and property performance.

Anthemos Georgiades | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: JF_3627_Anthemos_Georgiades_.mp3
Category:general -- posted at: 3:00am EDT

Katie Decker Erickson, a designer, highlights the importance of amenities like pet playgrounds, outdoor spaces, and communal areas to boost ROI. She advises using underutilized spaces creatively and understanding the target market.

Katie Decker-Erickson | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: Katie_V2.mp3
Category:general -- posted at: 8:52am EDT

Joe Cornwell interviews Dejan Eskic, a senior research fellow and real estate economist, about the economy and housing. They discuss the challenges of housing affordability, the impact of zoning regulations, and potential solutions for the housing shortage. They also touch on the demographic trends and the importance of understanding population composition.

Dejan Eskic | Real Estate Background

  • Kem C. Gardner Policy Institute, Ivory Innovations
  • Based in: Salt Lake City
  • Say hi to him at:
  • Best Ever Book: How Soccer Explains the World: An Unlikely Theory of Globalization

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: dejan_eskic_v2.mp3
Category:general -- posted at: 3:00am EDT

Rachael Jones, principal of Clover Capital Group, focuses on multifamily apartments. She highlights property management, incubator programs, quick decision-making, expert advice, and community involvement.

Rachael Jones | Real Estate Background

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: Rachel_Jones_V1.mp3
Category:general -- posted at: 3:09am EDT

Jay Maranan, a capital raising expert, shares his experience in syndications, emphasizing trust, credibility, and networking. He highlights the importance of understanding the market and addressing investor concerns.

Jay Maranan | Real Estate Background

  • Zen Coast Capital
  • Portfolio:
    • 541 units (5 apartment buildings), 7 units (LTR/STR)
  • Based in: San Francisco, CA
  • Say hi to him at:
  • Best Ever Book: Think Again by Adam Grant

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

Direct download: jay_maranan_v2.mp3
Category:general -- posted at: 3:00am EDT

Bradley Sumrok shares his challenging experiences with recent deals, emphasizing not selling unless necessary and the importance of vetting partners and having liquidity. He also highlights his mentorship program and charity work.

Bradley Sumrok | Real Estate Background

  • Sumrok Multifamily Mentoring
  • Portfolio:
    • 35 buildings totaling ~7,700 units
  • Based in: Dallas TX
  • Say hi to him at:
  • Best Ever Book: Rich Dad Poor Dad

Sponsors:

Passive Investing Mastery

Apartments.com

Bam Capital

 

Direct download: bradv2.mp3
Category:general -- posted at: 3:57am EDT

Ryan Hill, CEO of Phoenix Capital, focuses on custom deals in mobile home parks, infill, and rehab. He partners with park owners to fund and sell homes. His portfolio includes mobile home parks, RV parks, and a retail center. He emphasizes the importance of passion and grit in real estate investing.

Ryan Hill | Real Estate Background

  • CEO Phoenix Financial, COO Suncrest Capital
  • Portfolio:
    • 22 MHPs (~1300 spaces), 3 RV parks, 1 Retail Center (20,000 sq. ft.)
  • Based in: Meridian ID
  • Say hi to him at:
  • Best Ever Book: Traction - Gino Wickman

Sponsors:

Viking Capital

Apartments.com

Hotel Shift

Direct download: JF_3625_Ryan_Hill_.mp3
Category:general -- posted at: 3:00am EDT

Nic Espanet, owner of Flex Equity Group, shares his experience as a passive investor and general partner in multifamily syndications. He emphasizes the importance of getting to know and trust the operators before investing, as well as thoroughly researching their track record. Nic also discusses the challenges he has faced in the current market, such as rising insurance and taxes.

Nic Espanet | Real Estate Background

  • Flex Equity Group
  • Portfolio:
    • +1,606 doors
  • Based in:  Fort Worth, TX
  • Say hi to him at:
  • Best Ever Book: Rich Dad Poor Dad

Sponsors:

Viking Capital

Apartments.com

Hotel Shift

Direct download: JF_3620_Nic_Espanet_.mp3
Category:general -- posted at: 3:00am EDT

Mike Woodfield, owner of Obsidian Capital, advises focusing on good underwriting, conservative practices, and strong partnerships in multifamily real estate investing. He emphasizes fixed-rate debt and HUD loans.

Mike Woodfield | Real Estate Background

  • Obsidian Capital
  • Portfolio:
    • Total of 16 properties
  • Based in: Austin, TX
  • Say hi to him at:
  • Best Ever Book: 12 Rules for Life by Jordan Peterson

Sponsors:

Viking Capital

Apartments.com

Hotel Shift

Direct download: JF_3619_Mike_Woodfield_.mp3
Category:general -- posted at: 3:00am EDT

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