Best Real Estate Investing Advice Ever (general)

Bryan McLaren’s real estate background started in sustainable development. He spent his early career working with local communities on how to develop real estate, renewable energy, community systems, agricultural regeneration, and more. 

Around 2010 when many states started to legalize cannabis, he immediately saw similarities between sustainable development and the cannabis programs that were emerging in the market. The overlap launched his involvement in the cannabis real estate industry. 

Today, Bryan is the CEO of Zoned Properties, a real estate development firm for emerging and highly regulated industries including legalized cannabis. In this episode, he discusses the three major risk conversations investors need to have when it comes to cannabis, his tips for mitigating those risks, and why he is so passionate about the cannabis real estate industry. 

 

“The reason we’re experts is we made every mistake possible along the way, and we learned from them.” 

 

Bryan McLaren | Real Estate Background

  • CEO of Zoned Properties, a real estate development firm for emerging and highly regulated industries including legalized cannabis. They provide integrated growth commercial real estate services, including advisory, site identification, commercial brokerage, property acquisition/investment, sustainable development, and Property Technology (PropTech).
  • Portfolio:
    • GP of four commercial properties in Arizona that have been developed, permitted, and leased to regulated/legalized cannabis operators.
  • Based in: Scottsdale, AZ
  • Say hi to him at:
  • Greatest Lesson: Trust in your brain. In other words, identify smart and ambitious people to join your team, provide clear direction about the goals and objectives, and then trust those team members to get the job done. And provide whatever tools they need to support them.

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Direct download: JF_2952_Bryan_McLaren.mp3
Category:general -- posted at: 3:00am EDT

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

In this episode, Ash, Slocomb, and Travis discuss what they believe a hypothetical investor should do with their money, assuming the investor is accredited and has $100K to invest in real estate. The three hosts offer up their investment vehicle recommendations based on the insights they’ve gained from their own careers.

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Direct download: JF_2951_Round_Table_22.mp3
Category:general -- posted at: 3:00am EDT

Flint Jamison is a mechanical engineer who spent more than 15 years designing aircraft. He found real estate in 2018, applying the BRRRR model to his first duplex in Milwaukee. However, he quickly pivoted to syndications after coming across a Michael Blank podcast on BiggerPockets. 

Today, Flint is the program manager at Vestus Capital, a syndicator that focuses on value-add multifamily and new build-to-rent development. He is a GP of 1,500 units and an LP of approximately 800 units. In this episode, he shares the steps he took to pivot from due diligence to capital raising, how he nurtures relationships with potential investors, and the challenges that come with managing a fund in the current economic climate.

 

Flint Jamison | Real Estate Background

  • Program Manager at Vestus Capital, a syndicator that focuses on value-add multifamily and new build-to-rent development. They primarily raise capital, with some deal sourcing and asset management as well. 
  • Portfolio: 
    • GP of 1,500 units
    • LP of ~800 units
  • Based in: Denver, CO
  • Say hi to him at: 
  • Greatest Lesson: If you build it, they will come — in regards to capital raising.

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Direct download: JF_2950_Flint_Jamison.mp3
Category:general -- posted at: 3:00am EDT

Jason Brenner was working 60–70 hours per week at a car dealership full-time before he found commercial real estate. Once the pandemic hit in 2020, his dealership was closed for three months — that’s when he decided to make the jump. He started out with two warehouse deals with friends, which quickly led to bigger deals. 

Today, Jason is the managing member at Brenner Realty Group, LLC, which performs ground-up developments as well as redevelopment deals. He is a GP of 274 micro apartments, 165 units in development, one warehouse, and one flex-space property.

In this episode, Jason tells us how he accommodates the need for versatility in small apartment spaces, how he is able to increase rents by providing convenience to tenants, and why he prefers to capitalize deals in-house. 

 

Jason Brenner | Real Estate Background

  • Managing member at Brenner Realty Group LLC, which performs ground-up developments as well as redevelopment deals.
  • Portfolio:
    • GP of:
      • 274 micro apartments
      • 165 units in development
      • One warehouse 
      • One flex-space property
    • LP of nine deals
  • Based in: Mechanicsburg, PA
  • Say hi to him at:
  • Best Ever Book: Rich Dad Poor Dad by Robert T. Kiyosaki
  • Greatest Lesson: When I was first starting out in real estate about 12 years ago, a friend/business partner said to me, “It’s no fun to be rich alone.” It took a few years for it to fully sink in, but that simple statement has given me a paradigm shift from a world of scarcity into a world of abundance.

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Direct download: JF_2949_Jason_Brenner_.mp3
Category:general -- posted at: 3:00am EDT

Dr. Pranay Parikh is a medical doctor who began investing in real estate to grow his income. He bought a four-unit multifamily property but soon realized his time would be better spent focusing on his full-time career and investing 100% passively. He decided to help other doctors, dentists, and healthcare professionals do the same. 

Today, Pranay is the president of Ascent Equity Group, which helps individuals build wealth through low-risk, high-growth multifamily investments in strong markets throughout the U.S. with a focus on healthcare professionals. He owns $200M in CRE, 1,200 units, and four properties as a JV, and is also an LP of over $1B in investments. In this episode, he shares why he believes in managing the manager, his criteria for vetting sponsors and deals, and how he gains leverage with operators. 

 

1. Managing the Manager

Ever the actively passive real estate investor, Pranay has weekly phone calls with property management. “Anytime there’s more than $1,000 spent, we want to know why,” Pranay says. “And we always compare that to pro forma.” He tasks himself with maximizing the profit for his investors by ensuring that the sponsor or operator is sticking to the plan.

 

3. Vetting Sponsors and Deals

When vetting a sponsor, Pranay looks at their track record first. He prefers sponsors who have been through a recession and who have been working together for at least five years. He likes to meet them face to face and walk the properties as well. Reputation is also a major factor. “It’s a really small world in real estate,” Pranay says. “You’d be surprised.” 

When it comes to deal selection, Ascent employs its own asset manager. “Usually allocators like us don't have their own asset management, but we really believe in managing the manager,” Pranay says. “So we are very selective with the deals we look at.” They underwrite each deal from scratch, then have their asset manager examine it as well before signing on. 

 

3. Gaining Leverage with Operators

Ascent typically brings anywhere from 90% to 97.5% of the equity to a joint venture deal. This gives them major decision rights. They have institutional-level oversight over the properties, which allows them to visit sites as often as every other week. 

The number-one priority, Pranay says, is always to make sure the business plan is getting taken care of. “We have investor overrides for the decisions, buy/sell rights — we have all of that,” he says. “We really want the power to make sure our investor is taken care of.” 

 

Dr. Pranay Parikh | Real Estate Background

  • President of Ascent Equity Group, which helps individuals build wealth through low-risk, high-growth multifamily investments in strong markets throughout the U.S. with a focus on healthcare professionals (doctors, dentists, etc). They do joint ventures with operators to buy value-add multifamily properties.
  • Portfolio:
    • Joint venture
      • $200M in CRE
      • 1,200 units
      • Four properties
    • LP of over $1B investments
  • Based in: Los Angeles, CA
  • Say hi to him at:
  • Best Ever Book: Farewell, Godspeed by Cyrus M. Copeland
  • Greatest Lesson: If you are honest and transparent with your investors, they will give you the benefit of the doubt. With how turbulent the debt market has been, on our last deal, they tried to change the terms the day before closing. We had to go back and offer our investors the chance to back out (only one did that out of 300 investors).

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Direct download: JF_2948_Pranay_Parikh.mp3
Category:general -- posted at: 3:00am EDT

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 discusses both active and passive investing strategies and how to decide which is best for you. Deciding factors include the skill sets required and motivation behind each strategy, plus some scenarios where using both strategies might be the best choice. 

 

Active Investing

Active investing means having an active involvement in the actual business itself for the real estate that you’re acquiring. 

 

Required Skill Sets

  • The ability to understand and underwrite properties, and to understand the analysis that comes with that. 
  • The ability to find deals off-market that give you your competitive edge. 
  • The ability to assemble teams and manage people. 
  • A conservative and realistic approach to project future and current expenses and potential returns for the deals that you’re doing. 
  • The ability to follow through on a business plan. 
  • Having the time to be able to dedicate to all of this. 

 

Motivating Factors

You might be doing an active deal because you want to learn the foundation of real estate, or you may simply enjoy work that involves repairs and renovations. Active investors also earn higher profits on return than passive investors. 

 

Passive Investing

As a passive investor, you do not have material participation in the business or deal itself. You are effectively investing in someone else’s deal or someone else’s business as a hands-off investor.

 

Required Skill Sets 

  • A basic understanding of property analysis and how real estate works fundamentally. 
  • The ability to network and find deals. 
  • The ability to manage your finances and personal budget. 
  • The ability to identify conservative underwriting when you’re vetting deals and doing your due diligence.
  • The ability to relinquish control and just simply let others run the deal, make the big decisions, and do what they do best. 

 

Motivating Factors

Passive investing might be for you if you want to free up your time. You may have another career or other professional interest that you focus on full-time, and investing passively would allow you to continue focusing on those interests. It’s a way to build up supplemental income without sacrificing more of your time. 

 

Why Not Both? 

Many investors choose some combination of active and passive investing. For example, active investors often invest passively as well in order to diversify their portfolios.

Additionally, commercial real estate beginners without much capital to invest often choose to start out as active investors. This strategy allows them to build up their “nest egg” in order to accumulate enough capital to create significant returns once they decide to invest passively.

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Direct download: JF_2947_Passive_Investor_Tips_11.mp3
Category:general -- posted at: 3:00am EDT

Rohun Jauhar began his career in corporate finance, working for General Electric and Facebook before deciding he wanted to branch out on his own. After considering several paths — including running Domino’s franchises — he found multifamily real estate. 

Today, Rohun is the founding partner of JT Capital, which focuses on 120- to 400-unit apartment complexes that have below-market rents in Florida. He is a GP of 5,000 units as well as an LP in a few multifamily, self-storage, industrial, and short-term rental deals. In this episode, Rohun tells us how he got started in multifamily by underwriting 100 deals in 30 days, his thoughts on rising interest rates, and how systems have helped him to scale his business. 

 

Rohun Jauhar | Real Estate Background

  • Founding partner of JT Capital, which focuses on 120- to 400-unit apartment complexes that have below-market rents in Florida.
  • Portfolio:
    • GP of 5,000 units
    • LP in a few deals that span multifamily, self-storage, industrial, and short-term rentals.
  • Based in: Austin, TX
  • Say hi to him at:
  • Greatest Lesson: The fundamental lesson that underpins everything we do was something I heard from Bill Ackman, which was that "while everyone else is thinking in years, you can set yourself apart by thinking in decades.” This underpins everything we do from our business to friendships, to health and fitness.

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Direct download: JF_2946_Rohun_Jauhar_.mp3
Category:general -- posted at: 3:00am EDT

Morgan Henry is a civil engineering inspector who began investing in the stock market in 2019. She quickly realized she loved researching and working to seek out the best opportunities but craved a more exciting asset class. In 2021, she decided to cash out of the stock market and use that money to get a real estate mentor — and she hasn’t looked back since. 

Today, Morgan is the founder of Cassini Capital Investments, which focuses on multifamily syndication. She is a GP of 404 units and asset manager of 428 units. In this episode, she shares the biggest lessons she took away from her mentorship program, how she found her current partner through Facebook, and her networking tips for CRE beginners. 

 

Morgan Henry | Real Estate Background

  • Founder of Cassini Capital Investments, which focuses on multifamily syndication.
  • Portfolio:
    • GP of 404 units
    • Asset manager of 428 units
  • Works full-time in construction management in Civil Engineering.
  • Based in: Dallas, TX
  • Say hi to her at:
  • Greatest lesson: There are a million ways to make money. I found a lot of my recent success by staying open-minded and taking on any challenge where I can learn and grow my business while providing value for someone else. I’m not caught up in the shiny object syndrome or obsessed with getting a slice of the GP. There are different roads you can take to be successful. Recognize your strengths and weaknesses early on and find someone to compliment them.

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Direct download: JF_2945_Morgan_Henry_.mp3
Category:general -- posted at: 3:00am EDT

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

In this episode, Ash, Slocomb, and Travis discuss a hypothetical scenario: If they had to start over today with no money, no assets, and no network — but still having all of their current experience in real estate investing — how would they begin engaging in real estate investing again today?

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Direct download: JF_2944_Round_Table_21.mp3
Category:general -- posted at: 3:00am EDT

David Richter has 10 years of real estate experience with a background in acquisitions, disposition, property management, transaction coordination, marketing, and CFO. Through that experience, he realized he wanted to help real estate investors learn how to take control of their finances. After reading Profit First by Mike Michalowicz, he knew he had the perfect framework to help real estate entrepreneurs manage the cash in their businesses. 

Today, David is the owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress. He is also the author of Profit First for Real Estate Investing.

In this episode, he discusses common financial pitfalls he sees real estate investors experience, why he recommends entrepreneurs set up at least four bank accounts to manage their finances, and the services he offers real estate professionals through Simple CFO Solutions and the Profit First System. 

 

David Richter | Real Estate Background

  • Owner and founder of Simple CFO Solutions, which matches real estate investors with a fractional CFO to grow their bottom line profit and decrease financial stress.
  • 10 years of real estate experience, including acquisitions, dispositions, property management, transaction coordination, marketing, and CFO.
  • Author of Profit First for Real Estate Investing
  • Based in: St. Cloud, FL
  • Say hi to him at:
  • Greatest Lesson: Make sure to make profit a habit in your business and pay yourself first.

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Direct download: JF_2943_David_Richter_.mp3
Category:general -- posted at: 3:00am EDT

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

In this episode, Ash highlights this often overlooked commercial real estate asset, and why it provides an excellent opportunity to make money. He lays out the benefits of buying medical buildings based on cap rates, stability, diversification, and more — plus what to look for when buying a medical practice.

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Direct download: JF_2942_Beyond_Multifamily_17.mp3
Category:general -- posted at: 3:00am EDT

Micy Liu is the founder and managing partner at Life Mission Capital, a commercial real estate firm that focuses on multifamily investing. She is a GP of 348 units, a fund manager of 929 units, and an LP of 187 units. She also works a full-time W-2 job in the data analytics space, which helped her cultivate the skill set necessary to excel in due diligence and data analysis in the commercial real estate world.

In this episode, Micy shares how she uses her data analysis background to her advantage during the business plan execution process, the importance of prioritizing the collection of data, and how she is adapting her business models in response to the economic volatility investors are facing right now. 

 

Micy Liu | Real Estate Background

  • Founder and managing partner at Life Mission Capital, a commercial real estate firm that focuses on multifamily investing.
  • Portfolio:
    • GP of 348 units
    • Fund manager of 929 units
    • LP of 187 units
  • Based in: Fayetteville, AR
  • Say hi to her at:
  • Best Ever Book: DotCom Secrets by Russell Brunson
  • Greatest lesson: Confusion causes indecision.

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Direct download: JF_2939_Micy_Liu_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Slocomb shares his secrets about how to find and keep great contractors. He breaks down the three aspects of a good contractor — speed, affordability, and quality — and how to decide which of these aspects is most important to you. He also shares what to do once you have found a good contractor in order to foster a relationship and build loyalty.

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Direct download: JF_2937_Slocomb_Bonus_Operations_2.mp3
Category:general -- posted at: 3:00am EDT

Bobby Larsen has spent virtually his entire career in real estate. He earned his broker’s license while studying as an undergraduate, working in the sales part of the residential industry through his graduation. He then moved on to the investment world, working for a large asset manager based out of Newport Beach. 12 years, later, he launched Vanamour Investments, which strategically invests in multifamily communities throughout the United States through syndications and joint ventures with high-net-worth, family office, and institutional investors. 

Today, Bobby is the founder and principal of Vanamor Investments. He is a GP of 400 units across seven properties totaling $115M in AUM, as well as an LP of 10,000 units across 34 properties. In this episode, Bobby tells us how he qualifies operators as an LP and how he establishes trust with LPs from a GP perspective, plus his thoughts on why investors lose money in multifamily and why he believes now is a better time to invest than it was six months ago. 

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Direct download: JF_2936_Bobby_Larsen_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash takes on the topic of partnerships, covering partners in business, deals, and joint ventures. He also shares the six most important lessons he’s learned from mistakes he has made over the years.

 

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Direct download: JF_2935_Beyond_Multifamily_16.mp3
Category:general -- posted at: 3:00am EDT

Michael Gilman started his career as an attorney in investment banks. This gave him a chance to explore asset classes and business lines, which influenced him to leave the volatility of the stock market for real estate. He began investing his own capital, creating cash flow to replace his salary so he could eventually begin a full-time career in real estate.

Today, Michael is the founder of Cross Mountain Capital, a vertically integrated sponsor focused on value-add and opportunistic real estate in New England and the Mountain West. In this episode, Michael shares how his first deal became the best-performing property in his portfolio, how his Wall Street and law background help him with the due diligence process, and his secrets to successfully scaling. 

 

Michael Gilman | Real Estate Background

  • Founder of Cross Mountain Capital, a vertically integrated sponsor focused on value-add and opportunistic real estate in New England and the Mountain West.
  • Portfolio:
    • GP of 600+ units
  • Based in: New York, NY
  • Say hi to him at:
  • Greatest lesson: The importance of finding the right partner to scale.

 

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Direct download: JF_2934_Michael_Gilman_.mp3
Category:general -- posted at: 3:00am EDT

Marshall Sykes served in the U.S. Navy as a Civil Engineer Corps officer, where he built and maintained military bases. He retired after 25 years as a captain, moving on to a career in the oil and gas business with ExxonMobil. In 2021, after eight years in that role, he decided to launch a full-time career in multifamily real estate. 

Today, Marshall is the president and owner of Capitano Investing Group, which focuses on multifamily real estate syndications with 100 or more units. He is a GP of over 2,600 units across 13 properties. In this episode, he shares how he acquired so many units in his first 14 months as a syndicator, why he feels that rising interest rates can be used to his advantage, and his projections for how increasing expenses will impact the multifamily space. 

 

Marshall Sykes | Real Estate Background

  • President and owner of Capitano Investing Group, which focuses on multifamily real estate syndications with 100+ units.
  • Portfolio:
    • GP of 2,600+ units across 13 properties valued at $330M
    • LP in nearly every property that he has raised on
  • Based in: Houston, TX
  • Say hi to him at:
  • Best Ever Book: Halftime by Bob Buford
  • Greatest lesson: Develop your strategy before you start implementing it.

 

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Direct download: JF_2931_Marshall_Sykes_.mp3
Category:general -- posted at: 3:30am EDT

In this episode, Travis explores a hypothetical situation many investors have thought about: What if you lost everything and had to start over again? This is a typical, fear-based thought many investors experience in the early stages. Travis shares why he knows he’ll be okay regardless of what the future holds for him, how avoiding the “success cycle” is crucial, and the two things you should always keep in mind as a passive investor.

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Direct download: JF_2928_Passive_Investing_Tips_9.mp3
Category:general -- posted at: 10:04am EDT

John McGeown is a self-described old soul in real estate. He grew up in Chicago and joined the U.S. Navy after graduation, where he served from 1999 to 2003. At age 24, he decided to enter the world of real estate. 

Today, John is the president of High Fidelity Property Management, a third-party property management company that has 1,000 apartment units under management throughout Chicago’s North Side neighborhoods. In this episode, he shares his top five Best Ever tips for property managers, as well as his experience as a GP in the Chicago MSA.

1. Don’t Underestimate the Time It Will Take

John says that many people who self-manage underestimate the time it takes to properly manage a building, which is why they often come to him for help. “I think the mistake is people try to do too much too fast too soon,” he says. 

2. Make Sure You Have the Right Resources

Others who self-manage their properties tend to struggle because they haven’t yet established reliable connections. “Having a good cast of vendors is one of the hardest things for property owners who are managing themselves,” John says. 

3. Your Existing Portfolio Is the Gold

John admits that he is often in “go” mode and forgets this one thing: “Your existing portfolio is the gold, and new people are silver,” he says. He sees many third-party property managers flip those priorities around, making the mistake of devaluing their existing client base and overvaluing new business. 

4. Know What You Know — And What You Don’t

When asked why he hasn’t ventured into short-term rentals, John answers candidly: “I’m a Navy guy, and I’m very cautious,” he says. “I know what I know, and I know what I don’t know.” It took him a considerable amount of time to discover who he is, what he wants to offer, why he is different, and why people should work with him. Now that he has that figured out, he prefers not to deviate from his plan. 

“There’s always going to be a shiny object that somebody is shaking in front of you,” he says. “For me, it never really felt like something that I wanted to do. So I didn’t do it.” 

5. Three Things to Look for When Evaluating Vendors

“Communication, trust, and competency are the things that we look for when we’re evaluating new vendors,” John says. Additionally, he prioritizes getting the best possible price for the best service he can. 

John McGeown | Real Estate Background

  • President of High Fidelity Property Management, a third-party property management company that has 1,000 apartment units under management throughout Chicago's North Side neighborhoods.
  • Portfolio:
    • GP of 100 units
    • LP of 36 units
  • Based in: Chicago, IL
  • Say hi to him at:
  • Greatest lesson: Never give up! This business doesn't slow down for me, so I have to work hard to keep up. Sometimes tomorrow is about learning from yesterday.

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Direct download: JF_2927_John_McGeown_.mp3
Category:general -- posted at: 3:30am EDT

Brenda Mas got her start in multifamily in 2002 working in asset management for a developer/operator/builder. After transitioning to the development side of the business, she oversaw acquisitions, entitlements, subdivision, stabilization, and financing for properties in the LA market. She left the company in 2019 to work independently, venturing into syndications with her husband, a construction expert. 

Today, Brenda is the founding and managing partner of VestWell Ventures, a group of multifamily operators and developers focused on value-add strategy. In this episode, she shares why she and her husband are shifting their focus back to development, their strategy for selecting land deals, and the biggest lesson she learned during the market collapse in 2008.

1. Focusing on Development

When it comes to development, Brenda and her husband have a competitive edge. They have access to consultants, structural engineers, and architects, and they know construction inside and out. Plus, the high demand for housing right now combined with current economic uncertainty made the decision to go back to development a no-brainer. 

“Demand is there, and we have the know-how,” Brenda says. “Why not bring that to our investors and allow them to make money alongside us?”

2. Strategy for Selecting Land Deals

Brenda and her husband have partnered with an architecture firm to help them determine which deals will work best for them. The size of the land isn’t as important to Brenda as how developers are treated in the town and what regulations are in place. 

“Those are things that we really take into consideration,” she says. “Right now our focus is on the Houston market because they have fewer zoning restrictions there, and that expedites our development timeline.”

3. Learning from the 2008 Market Collapse

During the collapse, Brenda and her team had property in downtown Los Angeles under construction. Their construction lender folded, and they were on the brink of losing the buildings. Many developers handed over their keys, but she refused. This led to litigation and a settlement. While they didn’t lose any money in the process, they lost valuable time. 

“There are times that you have to walk away,” Brenda says, “and understand what’s going on in the economy. The indicators were there that this was going to happen with the construction lender, and we should have paid attention a little sooner.”

Brenda Mas | Real Estate Background

  • Founding and managing partner of VestWell Ventures, multifamily operators and developers focused on a value-add strategy.
  • Portfolio:
    • GP of 167 units
    • LP of 1,070 units
  • Based in: Los Angeles, CA
  • Say hi to her at:
  • Best Ever Book: Measure What Matters by John Doerr
  • Greatest lesson: You have to be engaged in your business, take a proactive approach, and exhibit a great amount of grit, especially when faced with economic uncertainty. I don’t look at multifamily investing as a pastime; it’s my business and I expect to see it succeed.

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Direct download: JF_2926_Brenda_Mas_.mp3
Category:general -- posted at: 3:30am EDT

Jennings Smith and his cousin Yeadon Smith are business partners who collectively own approximately 48% of their portfolio, which they were able to achieve through BRRRR-style apartment buying. Jennings got his start as a contractor after earning his builder’s license at 19 and began slowly building wealth through real estate. He took Michael Blank’s Ultimate Apartment Buyer Guide online course, which helped him syndicate his first 12-unit deal in 2019. 

Today, Jennings is the co-founder of Live Oak Capital and My First Million in Multifamily. Live Oak Capital is an investment firm focused on multifamily, and MFMIM aims to build networks and communication that help people close multifamily deals. In this episode, Jennings explains why he prefers syndications to JV deals, why he chooses to structure his deals with a 70/30 split with 70% going to the GP, and how identifying his strengths and weaknesses helped him to scale. 

 

Jennings Smith | Real Estate Background

  • Co-founder of Live Oak Capital and My First Million in Multifamily (MFMIM). Live Oak Capital is an investment firm focused on multifamily. MFMIM aims to build networks and communication that help people close multifamily deals.
  • Portfolio:
    • GP of:
      • 1,000 units
      • 500 self-storage units
  • Based in: Summerville, SC
  • Say hi to him at:
  • Best Ever Book: Flip the Script by Oren Klaff
  • Greatest lesson: Borrowed belief. Understand that achieving goals is not difficult, it can just be different than what you initially thought. Surround yourself with people that inspire that same belief and are able to unlock your potential.

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Direct download: JF_2925_Jennings_Smith_.mp3
Category:general -- posted at: 3:30am EDT

Danté Belmonte is a 24-year-old real estate broker based in Syracuse, New York. Four years into his career, Danté decided to venture into multifamily syndications in the Charlotte, North Carolina MSA. 

Today, Danté is the managing partner at Victory Capital Group, which acquires and operates multifamily properties. He is a GP of three syndications totaling 100 units and an LP of approximately 1,200 units. In this episode, Danté shares how he and his business partner find deals in the competitive Charlotte MSA, how they pulled off a 30-day close, how he approaches broker relationships as a broker himself, and the importance of professional property management. 

Danté Belmonte | Real Estate Background

  • Managing partner at Victory Capital Group, which acquires and operates multifamily properties in North Carolina.
  • Portfolio:
    • GP of three syndications totaling 100 units
    • LP of about 1,200 units
  • Based in: Syracuse, NY
  • Say hi to him at:
  • Greatest lesson: It’s incredibly important to have a partner that fills your voids and that you can trust.

 

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Direct download: JF_2924_Dante_Belmonte.mp3
Category:general -- posted at: 3:30am EDT

Before he founded Wild Moose Ventures, Matt Onofrio worked as a nurse, a paramedic, and a firefighter. He also earned a doctorate in anesthesia from Mayo Clinic in Rochester, MN. Despite his achievements, however, he felt trapped — he craved financial freedom. After considering his options, he decided to venture into real estate. 

Today, Matt is the founder of Wild Moose Ventures, which achieves passive wealth-generating opportunities through commercial real estate investments in the Midwest. He is a GP of $500M in assets under management. In this episode, Matt discusses how he finds deals, how he structures a typical deal, and why multifamily investors should consider venturing into non-residential commercial real estate.

  • Founder of Wild Moose Ventures, which achieves passive wealth-generating opportunities through commercial real estate investments in the Midwest.
  • Portfolio: GP of $500M in AUM
  • Based in: Eau Claire, WI
  • Say hi to him at:

Greatest lesson: Commercial real estate and triple-net investing present a unique opportunity to build personal wealth andfinancial independence. Triple-net investing is an often overlooked topic in commercial real estate. Most of the owners are REITs, institutions, or very wealthy individuals. I wrote my forthcoming book, Triple-Net Investing (NNN): Finding Freedom with Commercial Real Estate’s Best-Kept Secret, to educate and empower everyday investors and help scale their investments and achieve the life they never dreamed of.

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Direct download: JF_2923_Matt_Onofrio.mp3
Category:general -- posted at: 3:30am EDT

Badri Malynur has invested in various startups and across asset classes, including auctions, stock, commodities, and bonds. After entering semi-retirement, a friend asked him to help co-found Avestor Inc., a technology platform focused on an end-to-end solution for sponsors to build customizable private funds. 

Today, Badri serves as VP at Avestor in addition to his role as co-founder. In this episode, he shares why he and his friends decided to create Avestor, why both the syndication and fund industries are ripe for disruption, and how customizable private funds are changing investing as we know it.

 

Badri Malynur | Real Estate Background

  • Co-founder and VP at Avestor Inc., a technology platform focused on an end-to-end solution for sponsors to build customizable private funds.
  • Portfolio:
    • LP of over 50 deals across multiple asset classes including multifamily, self-storage, industrial, mobile home parks, and student housing
  • Based in: Beaverton, OR
  • Say hi to him at:
  • Greatest lesson: Build a diversified portfolio that spans multiple asset classes using a dumbbell approach for managing risk.

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Direct download: JF_2922_Badri_Malynur_.mp3
Category:general -- posted at: 3:37am EDT

Leslie Awasom is a nurse anesthetist who co-founded XSITE Capital Investment with his partners, Julius Oni and Tenny Tolofari. When he came across the multifamily asset class, Leslie realized many of his colleagues in the healthcare industry and members of his community were unaware that this type of investment opportunity existed. He and his partners were inspired to create XSITE in 2019 to educate more people about multifamily investing. 

Today, XSITE has $125M in assets under management with a growing community of investors. In this episode, Leslie discusses his role as director of operations, his love for analyzing data, and the correlations he’s seen between his career in anesthesiology and business operations for XSITE. 

  • Co-founder and Director of Operations of XSITE Capital Investment LLC, which focuses on multifamily syndications.
  • Previous Best Ever Episode: JF2163: Anesthesiologist to Real Estate with Leslie Awasom
  • Currently works as a nurse anesthetist transitioning to real estate full-time.
  • Portfolio:
    • GP of 694 units, totaling $125M in AUM
    • LP of $53M across two deals
  • Based in: Hanover, MD
  • Say hi to him at:
  • Greatest lesson: Have great partners and significantly accelerate your growth.

 

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Direct download: JF_2920_Leslie_Awasom_.mp3
Category:general -- posted at: 3:30am EDT

Michael Episcope worked as a commodities trader for 15 years while investing passively before deciding to take things a step further and earn a master’s degree in real estate. Looking back on previous passive investing experiences, Michael and his business partner came together with a simple idea: “We can do this better.”

Today Michael is co-CEO of Origin Investments, a private equity real estate firm serving nearly 3,000 high-net-worth individuals. Origin builds, buys, and lends to class A multifamily real estate in tax and climate-friendly states. 

In this episode, Michael shares how he found his business partner, his strategy for finding developers and managing them remotely, how the JOBS act catalyzed Origin’s growth, and why saying no is the most important lesson he’s learned thus far. 

 

Michael Episcope | Real Estate Background

  • Co-CEO of Origin Investments, a private equity real estate firm serving nearly 3,000 high-net-worth individuals. Origin builds, buys, and lends to class A multifamily real estate in tax and climate-friendly states.
  • Portfolio: $2B in AUM
  • Based in: Chicago, IL
  • Say hi to him at:
  • Greatest lesson: Don’t engage in businesses that create a conflict of interest between you and your investors.

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Direct download: JF_2919_Michael_Episcop_.mp3
Category:general -- posted at: 3:30am EDT

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

Is now a good time to get into real estate? In response to listeners that have been requesting to hear more about current events, Ash and Travis give a detailed update on what’s happening in the real estate market right now. 

They share their predictions, thoughts, and opinions on the state of inflation and interest rates, as well as their reactions to fear-inducing headlines. They also discuss their thoughts on the single-family market, how both multifamily and non-residential commercial real estate are performing, and whether now is an ideal time to get into real estate. 

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Direct download: JF_2920_Round_Table_17_.mp3
Category:general -- posted at: 3:30am EDT

Danny Newberry has been busy since his last appearance on the Best Ever Show. The CEO of Vail Commercial Group, a privately held boutique commercial real estate group, has been focusing on value-add shopping centers and small bay industrial facilities around the country. With close to $100M in assets under management, the group is also focusing on single-tenant, ground-up construction deals. 

In this episode, Danny shares what the heavy value-add repositioning process looks like for shopping centers and small bay industrial facilities, plus his unique, win-win approach to tenant relationships. 

Danny Newberry | Real Estate Background

  • CEO of Vail Commercial Group, a privately held boutique commercial real estate group that specializes in the acquisition, improvement, repositioning, and management of acquired commercial investment properties.
  • Previous episode: JF1005: Why He Prefers to Buy Shopping Centers Now with Danny Newberry
  • GP of $80M in AUM
  • Based in: Vail, CO
  • Say hi to him at:
  • Greatest lesson: Have fun and enjoy the process. Build a great team. Stay focused on your innate abilities.
  • Best Ever Book: Who Not How by Dan Sullivan

 

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Direct download: JF_2919_Danny_Newberry_.mp3
Category:general -- posted at: 3:30am EDT

Richard Simtob has been an entrepreneur since he was young, getting involved with his first franchise during college. Throughout his career, he has scaled franchises for chains like Wireless Toyz, Zoup! Eatery, Goldfish Swim School, Creative World School, and Official Driving School. It wasn’t until recently that Richard got into real estate, and it was all thanks to his now 21-year-old son, Brad. 

Today, Richard is a syndicator and investor, serving as a GP of 401 units and an LP of 12 multifamily investments. In this episode, Richard tells us about the dynamic he and his son have established as co-GPs, how he’s been able to transfer his knowledge of scaling businesses from franchising to real estate, and his advice to young people on how to structure a company partnership.

 

Richard Simtob | Real Estate Background

  • Syndicator and investor. Business owner of eight Goldfish Swim Schools, Statewide Driving Education, three early childhood education schools, and Simtob Management Investment.
  • Portfolio:
    • GP of 401 units
    • LP of 12 multifamily investments
  • Based in: West Bloomfield, MI (summer), Aventura, FL (winter)
  • Say hi to him at:
  • Greatest lesson: You don't get what you wish for, you get what you work for.

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Direct download: JF_2916_Richard_Simtob_.mp3
Category:general -- posted at: 3:30am EDT

Harry Nima Zegarra, MD, and his wife are physicians from Peru. They met in medical school and then moved to the U.S. to continue their education and training. After settling in Dallas, they decided to get involved in real estate five years ago. They first employed the buy-and-hold strategy with residential properties but discovered commercial real estate syndications and decided to switch gears. 

Today, Harry is the managing partner at Nima Equity, which raises capital for commercial multifamily investments. In this episode, he shares his top methods for networking and connecting with others interested in CRE, the skills he’s developed as a physician that has translated well into apartment syndication, and how he makes time for real estate while working full-time as a physician. 

Harry Nima Zegarra, MD | Real Estate Background

  • Managing partner at Nima Equity, which raises capital for commercial multifamily investments.
  • Portfolio: GP of 784 units across four states
  • Works full-time as a pulmonary and critical care medicine physician.
  • Based in: Plano, TX
  • Say hi to him at:
  • Best Ever Book: The Gap & The Gain by Dan Sullivan & Benjamin Hardy
  • Greatest lesson: The value of networking and leveraging money and other people's time and expertise.

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Direct download: JF_2915_Harry_Nima_Zegarra.mp3
Category:general -- posted at: 3:30am EDT

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 explains why it is so difficult for new commercial real estate investors to make their first million dollars. He identifies four obstacles that hinder the process and what you can do to overcome them. 

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Direct download: JF_2914_Passive_Investor_Tips_7.mp3
Category:general -- posted at: 3:54am EDT

Bikran Sandhu is a CPA who began his career as an auditor for PricewaterhouseCoopers. He caught the real estate bug in 2018; by April 2021, it became his full-time career. 

Today, Bikran is CFO, COO, and co-founder of Rise48 Equity, a real estate investment services firm that focuses on multifamily syndication. In this episode, he discusses how he and his partners began working together, the growing pains they faced early on, why they choose to invest in the Phoenix MSA despite the competition, and how they establish an edge against big institutions when competing for properties. 

Bikran Sandhu | Real Estate Background

  • CFO, COO, and co-founder of Rise48 Equity, a real estate investment services firm that focuses on multifamily syndication.
  • Portfolio:
    • GP and LP of 4,826 units across 26 properties
  • Based in: Scottsdale, AZ
  • Say hi to him at:
  • Greatest lesson: Perseverance is key. Buying large multifamily apartments, raising capital, and building a company is a very complex and challenging career. It's not for the faint of heart. But with the right partners, a positive attitude, and a persevering mentality, you can learn from the best and apply the skillsets to your own success.

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Direct download: JF_2913_Bikran_Sandhu_.mp3
Category:general -- posted at: 3:30am EDT

When Sujata Shyam was asked to transfer across the country for her corporate career, she decided to take 100 days off to consider her next move. 100 days turned into 18 months of traveling and experiencing the world, and Sujata soon realized she wanted a career that would help her maintain this new sense of freedom. She discovered that running her own Airbnb business could provide her with the passive income she needed, and before she knew it, she’d launched a full-fledged real estate career. 

Today, Sujata is the managing principal at Luxe Capital Investment Group, Ltd., an education-based investment firm focusing on multifamily, ATMs, and self-storage. In this episode, Sujata shares why she feels she isn’t well-suited for the corporate world, how she started her Airbnb business, how she qualifies investments for her investors today, and why she believes that investing in real estate should be boring. 

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Direct download: JF_2912_Sujata_Shyam_.mp3
Category:general -- posted at: 3:11pm EDT

Justin Liggitt entered the investment industry more than 20 years ago as a financial advisor. In 2011, he took on a major project that ended up steering his career toward a more creative role, which allowed him to focus on marketing and investor relations and how the two can work together.

Today, he is the Director of Investor Relations for DJE Texas Management Group, a vertically integrated multifamily investment firm that focuses on large value-add syndication strategies. In this episode, Justin tells us about the target investor for DJE’s syndications, branching out into Texas ranch land, and why he values stillness when it comes to his investor relations role.

Justin Liggitt | Real Estate Background

  • Director of Investor Relations of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, TX.
  • Portfolio: GP of 2,000+ units
  • Based in: San Antonio, TX
  • Say hi to him at:
  • Best Ever Book: How to Write One Song by Jeff Tweedy
  • Greatest lesson: Be patient with yourself.

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Direct download: JF_2910_Justin_Liggit_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash gives his Best Ever advice on how to fill vacancies in commercial real estate. He provides knowledge to help investors make educated decisions on what to buy, what to do if you have a vacancy, and how to fill it.

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

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Direct download: JF_2909_Beyond_Multifamily_15_.mp3
Category:general -- posted at: 3:00am EDT

The Best Ever Show hosts share the second episode in the mini-series, “Convince Me,” where they debate various aspects of commercial real estate strategy from different perspectives. In this episode, they discuss the advantages and disadvantages of choosing syndication as a partnership structure versus a joint venture with active partners.

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

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Direct download: JF_2904_Round_Table_15.mp3
Category:general -- posted at: 3:00am EDT

Timothy Cague is the President of The Cyan Group LLC, which specializes in cyber execution protection and monitoring services for numerous Fortune 500 clients. In this episode, Timothy shares his advice for high-net-worth individuals on how they can protect themselves from cyber threats and keep their personal information safe.

Timothy Cague | Background

Timothy Cague, President of The Cyan Group LLC specializes in cyber executive protection. He has a Master’s in Business Administration from the University of Maryland University College and a Bachelor’s of Science in Computer Engineering from the Rochester Institute of Technology. After graduating from RIT Tim served as a Communications Officer in the U.S. Air Force and later as a government contractor. He then went on to found The Cyan Group where he and his team provide a wide range of Cyber Executive Protection and Monitoring services for numerous Fortune 500 clients.

Say hi to him at https://www.thecyangrp.com/

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Direct download: JF_2896_Timothy_Cague_.mp3
Category:general -- posted at: 3:00am EDT

AJ Klenk entered real estate in the middle of the Great Recession in 2009 with a dream to eventually build schools internationally in developing countries. Today, he is the founder and owner of Capstone Companies, the country’s largest privately owned multifamily apartment brokerage. He is also a GP of more than 2,000 units, owns a multifamily development company along with multiple restaurants, and just returned from building a school in Nicaragua.

In this episode, AJ shares his tips for cultivating a winning team and discusses how his success is helping him achieve his ultimate dream of giving back.

AJ Klenk | Real Estate Background

  • Owner of Capstone Companies and Catalyst Capital Partners, a multifamily development company.
  • Portfolio: GP of 2,000+ units, and currently has 18 multifamily projects in motion at various stages. Also the owner of multiple restaurants in the Carolinas.
  • Based in: Charlotte, NC
  • Say hi to him at:
  • Greatest lesson: Grow your business where you feel real value can be created and where a positive impact can be had on others.

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Direct download: JF_2894_AJ_Klenk_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash, Slocomb, and Travis share their insights when it comes to commercial real estate markets. They discuss which markets they invest in, their takes on local vs. out-of-state investing, the importance of selecting the right markets, metrics they use in their own market selection process, and the best-performing markets they’ve each invested in.

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

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Direct download: JF_2890_Round_Table_13_1.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash dives into the topic of flex space buildings. He explains what flex space buildings are, what kind of businesses you’ll typically find in them, the importance of location, and the pros and cons of owning flex space properties.

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

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Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2888_Beyond_Multifamily_13_.mp3
Category:general -- posted at: 3:00am EDT

Justin Dixon was the head of recruitment for a wealth management firm when he and his wife decided to purchase their first duplex in Pittsburgh, PA, in 2019. When they realized they could scale their real estate business more quickly through syndications, Justin joined the Think Multifamily syndication group in early 2020.

Today, Justin is the co-founder and principal of Great Venture Capital, and the founder and CEO of Hire Tomorrow, a boutique recruitment firm. He is a GP of 400+ units across two states, as well as an LP of more than 1,000 units across five states. In this episode, Justin discusses the debt structure for his latest deal, questions investors have been asking based on the shifting economy, and what he’s been doing to build investor relations as a capital raiser.

Justin Dixon | Real Estate Background

  • Co-founder and principal of Great Venture Capital, a real estate investment firm that focuses on acquisitions of large multifamily properties across the Sun Belt states.
  • Also founder and CEO of Hire Tomorrow, a boutique recruitment firm that helps clients fill their open positions across technology, accounting/finance, marketing, and project management.
  • Portfolio:
    • GP of 400+ units across two states
    • LP of over 1,000 units across five states
  • Based in: Austin, TX
  • Say hi to him at:
  • Best Ever Book: The Science and Technology of Growing Young by Sergey Young

Greatest lesson: The book Rich Dad Poor Dad was eye-opening. It was the information that I needed to take the leap from working a W-2 to entrepreneurship and investing in real estate.

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Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2885_Justin_Dixon_.mp3
Category:general -- posted at: 3:00am EDT

Anthony Vicino is the managing partner at Invictus Capital, a vertically integrated syndicator focused on value-add, class B multifamily properties in the Minneapolis–Saint Paul metropolitan area. In this episode, Anthony shares how he and his team lead through the educational content they create, how his local reputation gives him a unique edge, and his advice for new investors looking to compete with him.

Anthony Vicino | Real Estate Background — Second Time

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Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2884_Anthony_Vicino.mp3
Category:general -- posted at: 3:00am EDT

Joe Giuliacci started his real estate career with a halfplex investment property in Northern California. After several years of actively operating a number of duplexes, he discovered the world of syndications and passive investing.

Today, Joe has retired from his 31-year engineering career and is a full-time passive investor in multifamily, industrial, self-storage, and commercial real estate properties. In this episode, he shares his top three pieces of advice for sponsors based on his experience and what he looks for as an LP.

Joe Giuliacci | Real Estate Background

  • Passive investor with 5 Talents Capital, which focuses on multifamily investments. He explores other asset classes as well for his passive investments.
  • Portfolio:
    • LP of:
      • 15 multifamily properties
      • Three industrial properties
      • Four self-storage properties
      • 16 commercial real estate properties
  • Retired from a 31-year engineering career at Boeing Commercial Airplanes.
  • Based in: Lake Stevens, WA
  • Say hi to him at:
  • Greatest lesson: Find great sponsors/operators first and foremost; the investment offering will be the bonus.

Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2878_Joe_Giuliacci_.mp3
Category:general -- posted at: 3:00am EDT

Third-time Best Ever Show guest Jason Yarusi is the founder and managing partner of Yarusi Holdings, LLC, a multifamily investment firm based in Murfreesboro, TN. In this episode, Jason discusses how the current economic climate is changing the way he looks at deals, why he is going for “sleep-better-at-night” debt right now, and why he’s zeroed in on the Nashville market.

Jason Yarusi | Real Estate Background

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Click here to know more about our sponsors:  Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2877_Jason_Yarusi_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash, Slocomb, and Travis discuss the ins and outs of networking. They cover why it’s important to grow your network, what they have done to grow their own networks both online and offline, and their top tips for networking at a conference.

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

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Click here to know more about our sponsors: Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2876_Round_Table_11.mp3
Category:general -- posted at: 3:00am EDT

Ramsey Blankenship is a full-time Master Chief Petty Officer in the U.S. Navy Special Operations who began investing in real estate in 2015 with a house hack in Panama City, FL. From there, he expanded into multifamily units, then began doing joint ventures with partners in different states along the Southeast.

Today, Ramsey is a capital raiser and sponsor at Real Focus Capital Investments. He is also GP of 20 apartments, 10 short-term rentals, and a boutique hotel. In this episode, Ramsey shares how he got into the boutique hotel space, why he decided to pivot from multifamily to RV parks and boutique hotels, and how he raises capital for these properties.

Ramsey Blankenship | Real Estate Background

  • Capital raiser and sponsor at Real Focus Capital Investments, which syndicates large, value-add B- and C-class apartment complexes. Recently, they have pivoted into the hotel/motel/RV park space.
  • Portfolio:
    • GP of 150+ units
    • LP of 32 units
  • Works full time as Master Chief Petty Officer in the U.S. Navy Special Operations.
  • Based in: San Diego, CA
  • Say hi to him at:
  • Greatest lesson: Don’t invest in a market without understanding the market metrics. I purchased nine units in Shreveport, LA, arguably the worst market in the U.S. to invest in. I learned you can not simply "cut and paste" what works in one market into another. I now conduct what I call the "Market Vital Signs" before investing in anything.

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Click here to know more about our sponsors: Trevor McGregor Coaching |  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2875_Ramsey_Blankenship.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash lays out his top tips for conducting commercial real estate due diligence that leads to taking down great deals.

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

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www.bestevercre.com

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Facebook

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Click here to know more about our sponsors: Trevor McGregor Coaching |  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2874_Beyond_Multifamily_11.mp3
Category:general -- posted at: 3:00am EDT

Second-time Best Ever Show guest Tate Siemer has been in real estate since 2006, focusing solely on commercial multifamily for the past four years. Today, Tate is CEO and managing partner at GreenLight Equity Group, which purchases class A, B, and C properties that cash flow and are in appreciating markets. They recently shifted their focus from value-add class C apartments to class A properties almost exclusively in the Columbus, OH, and Oklahoma City markets.

In this episode, Tate discusses class A condo conversion, why he hires his own tax attorney to underwrite deals based on tax implications, and his tips for hiring the right coach.

Tate Siemer | Real Estate Background

  • CEO and managing partner at GreenLight Equity Group, which purchases Class A, B, and C properties that cash flow and are in appreciating markets. They typically hold properties for two-to-five years and syndicate their deals.
  • Portfolio: GP of 572 units across six properties.
  • Previous Best Ever episode: JF2568: Preparing Assets for the Next Recession
  • Based in: Salt Lake City, UT
  • Say hi to him at:
  • Greatest lesson: Faith through failure.

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Click here to know more about our sponsors: Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2873_Tate_Siemer_.mp3
Category:general -- posted at: 3:00am EDT

In the first episode of Passive Investor Tips, Travis explains what financial freedom is, how to determine the amount of money you need to retire, and how to know when (or if) you should stop working.

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.

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Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

 

Direct download: JF_2872_Passive_Investor_Tips_1.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash picks up where he left off from last week’s discussion on investing in retail properties (Investing in Retail Pt. 1). Learn about non-anchored versus anchored strip malls, different types of anchored strips, and the pros and cons of investing in each type.

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

Stay in touch with us!

www.bestevercre.com

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Facebook

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Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2860_Beyond_Multifamily_9.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash, Slocomb, and Travis talk about mentors, advisors, books, various quotes, and other things that have helped them along on their commercial real estate journeys. They share the Best Ever advice they’ve ever received, their thoughts on paid mentoring and coaching programs versus free coaching and seminars, plus their favorite books on investing and finance.

Favorite Investing/Finance Books

Ash’s Recommendations

Slocomb’s Recommendation

Travis’s Recommendations

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

Stay in touch with us!

www.bestevercre.com

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Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2855_Round_Table_8_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash, Slocomb, and Travis discuss how the economic and political climate in mid-May of 2022 is impacting the way they look at deals, the rules of thumb they follow when it comes to recession recovery, and the fundamentals of the economy.

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2841_Round_Table_6_.mp3
Category:general -- posted at: 3:00am EDT

Dan Kryzanowski has been a passive investor for the past decade and plans on using the summer of 2022 to reflect on his investment strategy, his goals, and the asset class(es) he chooses to focus on. Dan is an advisory partner at BV Capital, which is a private, veteran-owned real estate development and investment company. In this episode, Dan explains why he is taking a temporary step back this summer when it comes to investing, why he recommends deferring taxes with the Delaware Statutory Trust, and why he recommends completing additional due diligence when dealing with a sponsor consisting of only one GP.

Dan Kryzanowski | Real Estate Background

  • Advisory partner at BV Capital, which is a private, veteran-owned real estate development and investment company.
  • Portfolio:
    • LP of:
      • 2,600+ storage units
      • 1,500+ multifamily doors
      • Additionally, dozens of industrial, infrastructure, and residential properties
  • Based in: Austin, TX
  • Say hi to him at:
  • Greatest lesson: Be extra cautious (and complete additional due diligence) when dealing with a sponsor consisting of only one GP.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2840_Dan_Kryzanowski_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash talks about broker relationships and how to secure deals from brokers. Anyone can develop great broker relationships, he says — it’s all about how you approach them. Ash takes time to go through his LinkedIn inbox to demonstrate examples of the do’s and don’ts when it comes to reaching out to brokers.

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2839_Beyond_Multifamily_6_.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash, Slocomb, and Travis talk about the two sides of the coin: personal finance and investing. They discuss the importance of each practice and share tips and stories based on their own personal experiences.

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2834_Round_Table_5_.mp3
Category:general -- posted at: 3:00am EDT

Retired nurse and anesthetist Bobby Jones is an apartment syndication investor on a mission to spread the word about real estate investing to other healthcare professionals. Today, he is the founder of On Call Capital, which matches these professionals up with reputable operators in the real estate and alternative investing space. In this episode, Bobby shares how he discovered apartment syndications, what influenced him to move beyond passively investing to become a GP, and how he uses commonality to build his network.

Bobby Jones | Real Estate Background

  • Owner of Yellow Hammer Properties Inc, which helps others achieve financial freedom through real estate investments. He focuses on residential flips and multifamily investments.
  • Portfolio:
    • GP of 234 units in Texas
    • LP of 68 units in Alabama.
  • 20 years of real estate experience
  • Based in: Birmingham, AL
  • Say hi to him at:
  • Greatest lesson: If you want to go where everyone else is going, then do what they do. If you want to stand out and do something different, then you need to try new things.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

 

Direct download: JF_2833_Bobby_Jones_.mp3
Category:general -- posted at: 3:00am EDT

In this episode of Round Table, Ash, Slocomb, and Travis share how they discuss goals with new investors that come to them for advice.

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Direct download: JF_2820_Round_Table_3.mp3
Category:general -- posted at: 3:00am EDT

Jas Takhar grew up in Rexdale, Toronto, where he sold everything from newspapers to shoes to cars. The next step in the evolution of his sales career, he realized, was commercial real estate. He became a real estate broker 17 years ago, and still maintains that role today while making his own investments. In this episode, Jas details his long-term hold investing strategy, his philosophy when it comes to timing the market, and what’s next for investors in the landlocked city of Toronto.

Jas Takhar | Real Estate Background

Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2819_Jas_Takhar_.mp3
Category:general -- posted at: 3:00am EDT

Ryan Chaw became a pharmacist in 2016, but he soon realized real estate was the best way to create generational wealth. He purchased his first property — a single-family home in Stockton, CA — that he repurposed as student housing and rented out by the room. Today, Ryan has six such properties. In this episode, he shares how he got into student housing and his tips for marketing to tenants and finding deals.

Ryan Chaw | Real Estate Background

  • Full-time pharmacist who invests in student housing. His process is purchasing single-family homes, creating extra bedrooms, and then renting out by the bedroom.
  • Portfolio: GP of 27 doors across six properties
  • Based in: Sacramento, CA
  • Say hi to him at:

Click here to know more about our sponsors:  Cash Flow Portal | Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com 

Direct download: JF_2803_Ryan_Chaw.mp3
Category:general -- posted at: 6:00am EDT

At 20 years old, Jeffrey Donis is on the fast track to success in the commercial real estate space alongside his two brothers. Through self-education, networking, and exceptional ambition, they broke into the multifamily space in early 2021. Today, the brothers have three deals under their belt and are working on their fourth. In this episode, Jeffrey discusses what drew him and his brothers to commercial real estate, how they were able to scale so quickly, and what they hope to accomplish.

Jeffrey Donis | Real Estate Background

  • Head of Investor Relations at Donis Investment Group, which syndicates apartment complexes typically over 100 units. They target value-add, B- and C-class assets in GA, NC, and FL mainly.
  • Portfolio: GP of 636 units across three properties
  • Based in: Durham, NC
  • Say hi to him at:
  • Best Ever Book: Think Like A Monk by Jay Shetty

Greatest lesson: The only thing holding you back is you.

Click here to know more about our sponsors: Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2797_Jeffrey_Donis.mp3
Category:general -- posted at: 6:00am EDT

Although Paul Larson got his start in multifamily, he happened to stumble upon a mobile home park in 2019 and fell in love with the asset class. He and his partner purchased a small RV park the following year and soon pivoted, accumulating 600 units and making RV parks the star of their portfolio. In this episode, Paul walks us through the challenges that come with maintaining an RV park, how he adds value to his properties, and how he finds value-add mom-and-pop deals.

Paul Larson | Real Estate Background

  • Owner of Larson Real Estate & Investments LLC, a real estate investment company that focuses on buying value-add cash flowing multifamily assets 75 units and up.
  • Portfolio: GP of $35M multifamily that totals over 600 units with almost all being RV parks now.
  • Based in: Fort, AL
  • Say hi to him at:

Click here to know more about our sponsors: Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2796_Paul_Larson.mp3
Category:general -- posted at: 7:00am EDT

Industrial real estate broker and investor Chad Griffiths stumbled onto the asset class he now knows and loves by complete accident. When he joined a company as a broker in 2005, his mentors were heavily involved in industrial real estate, so he naturally ended up learning all about it. Today, he is a partner at NAI Commercial Real Estate and invests in properties as well. In this episode, Chad discusses the state of the industrial space across various markets and explains why now is the ideal time to get in on it.

Chad Griffiths | Real Estate Background

  • Partner at NAI Commercial Real Estate. He’s an industrial real estate broker and investor, focusing on cash flowing industrial properties with the goal of incrementally raising rents and values by extension.
  • Portfolio:
    • GP of five industrial properties ranging from $400,000 to $4,500,000
    • Owns several industrial REITs in the U.S.
    • LP of one multi-tenant office/retail property
  • Based in: Edmonton, Alberta, CA
  • Say hi to him at:

Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2779_Chad_Griffiths_1.mp3
Category:general -- posted at: 1:00am EDT

Sam Wilson has always been an entrepreneur. After selling the flooring business he owned, he wasn’t sure where to focus his energy next. That’s when he discovered real estate. Today he’s focused on commercial real estate projects — mainly RV parks and boat/RV storage. He’s an enthusiastic investor with a never-ending stream of creative ideas about how to make the RV park and storage space better for himself, his investors, and his tenants.

Sam Wilson | Real Estate Background

Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2778_Sam_Wilson__1.mp3
Category:general -- posted at: 1:00am EDT

Young and hungry, Jeremiah Boucher got his start in commercial real estate by sourcing mobile home park deals during the Great Recession. Since then, he’s created his own management company and branched out into the self-storage space. In this episode, Jeremiah tells us how he found his edge as a young investor, what drew him to self-storage, and what advice he has for investors in both asset classes today.

Jeremiah Boucher | Real Estate Background

Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2775_Jeremiah_Boucher_.mp3
Category:general -- posted at: 1:00am EDT

After purchasing his first property in 1998 based on little more than a gut feeling, Todd Nepola has come a long way as a commercial real estate investor. The Current Capital Real Estate Group founder shares his Best Ever advice for anyone who might be considering breaking into the industrial or retail spaces.

Todd Nepola | Real Estate Background

  • Founder of Current Capital Real Estate Group, a full-service management and leasing company that specializes in commercial retail and industrial spaces.
  • Portfolio: GP of 25 buildings consisting of retail and industrial.
  • Based in: Hollywood, FL
  • Say hi to him at:

Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2771_Todd_Nepola_.mp3
Category:general -- posted at: 3:00am EDT

Jeffrey Holst doesn’t have bad days. His commercial real estate journey has been an unconventional one, but today he’s focusing on living his best life, which includes pursuing his passion for value-add multifamily deals — and scuba diving!

Jeffrey Holst | Real Estate Background

Click here to know more about our sponsors: Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2770_Jeffrey_Holst_.mp3
Category:general -- posted at: 3:00am EDT

Cherry Street Investments founder Kavitha Baratakke was forced to start over with virtually nothing after a divorce in 2007 followed almost immediately by the stock market crash in 2008. Since then, she transitioned from working full-time in the tech industry to passively investing in multifamily, then crossed over to the GP side where she discovered her passion for talking with and educating other investors. Kavitha Baratakke | Real Estate Background
  • Founder of Cherry Street Investments, an investment firm focused on creating multiple passive sources of income through investments in various assets such as apartment complexes, mobile home parks, senior assisted living facilities, self-storage, and more.
  • Portfolio:
    • GP of:
      • 2,200 units across Texas
      • 179 beds of senior living new construction in Florida
      • 1 townhome new construction in Austin MSA
      • 2 land development deals in Austin MSA
    • LP of senior living, land development, energy, and ATM investments; also 200+ doors of new multifamily construction
  • Based in: Austin, TX
  • Say hi to her at:
  • Best Ever Book: The Alchemist by Paulo Coelho

 Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2769_Kavitha_Baratakke.mp3
Category:general -- posted at: 3:00am EDT

It can be hard to find good deals in a competitive market, but Nick Simpson has found a possible, profitable solution: Opportunity Zones. Opportunity Zones are low-income areas that are set up to encourage an increase in economic growth. For Nick, these areas hold a lot of possibility for multifamily value-adds. In this episode, Nick breaks down two of his deals and shares why we should look to Opportunity Zones for investments. 

Nick Simpson | Real Estate Background

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2695_Nick_Simpson.mp3
Category:general -- posted at: 7:00am EDT

We’re sharing the top ten sessions from the Best Ever Conference 2021 as we gear up for the second Best Ever Conference at the Gaylord Rockies Convention Center in Colorado this February 24-26th.

In this episode, Ryan Smith, John Chang, Hunter Thompson, and Neal Bawa have a lively debate about whether interest rates will rise over the coming year.

Ryan Smith: http://elevationcapitalgroup.com/

John Chang: www.marcusmillichap.com

Hunter Thompson: https://asymcapital.com/

Neal Bawa: https://grocapitus.com/

Register for the Best Ever Conference here: www.besteverconference.com

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2670_Will_Interest_Rates_Be_Higher_in_24_Months.mp3
Category:general -- posted at: 7:00am EDT

We typically hear that if we follow our passions, that will naturally lead us to success. However, in today’s episode, Travis questions the validity of this advice. What if you turn out to be bad at your passion? Or, what if you lose steam for your passion–what are you left with then? Take a walk with Travis as he discusses the idea of chasing your passion vs. chasing an opportunity.

Want more? We think you’ll like this episode: JF2407: Find Your Real Estate Passion with Kristen Ray

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2669_Actively_Passive_Investing_Show_73.mp3
Category:general -- posted at: 7:00am EDT

Ben Lapidus is the host and founder of the Best Ever Conference and has extensive experience in creating and overseeing networking events. In this episode, Ben shares how to maximize your experience at these events to help build new relationships, educate yourself, and ultimately grow your business.

Join us for this year’s Best Ever Conference in Aurora, Colorado from February 24th-26th: www.besteverconference.com

Ben Lapidus Real Estate Background

  • Chief Financial Officer for Spartan Investment Group LLC,
  • Portfolio: 51 operation, $100M AUM 
  • Founder and host of the national Best Ever Real Estate Investing Conference and managing partner of Indigo Ownerships LLC
  • Say hi to him at www.spartan-investors.com

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

 

Direct download: JF_2668_Ben_Lapidus_2.mp3
Category:general -- posted at: 7:00am EDT

In the past year, Ben Lapidus’ company grew from 13 operations to 51, with a portfolio of $100M AUM. Working through COVID-19, and looking to the future, Ben Lapidus provides his insight on the self-storage industry and what his strategy is for tackling the new year.

Ben Lapidus Real Estate Background

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2667_Ben_Lapidus_1.mp3
Category:general -- posted at: 7:00am EDT

Andrea Himmel’s mother went from nothing to a multibillion dollar portfolio of office buildings and warehouses in New York City. Inspired by her mother, Andrea joined the family firm and now acts as Chief Investment Officer, hunting down great opportunities in Manhattan and the boroughs. In this episode, Andrea breaks down why she’s investing in office spaces during the work from home era, and how she’s able to close on these high-profit deals.  

Andrea B. Himmel  | Real Estate Background 

  • Career: Principal and Chief Investment Officer at Himmel + Meringoff Properties
  • Founded in 1978, they own a multibillion dollar portfolio of office buildings in Manhattan and last mile warehouses in the boroughs of NYC. They do not syndicate equity. They own their entire portfolio with their own equity.
  • Portfolio: Multi billion dollar portfolio of ~20 properties in NYC. Over the past 40 years, they have bought and sold over 5MM SF.
  • Based in: NYC, NY.
  • Say hi to her at: http://linkedin.com/in/ah-ny
  • Best Ever Book: A New Earth: Awakening to Your Life's Purpose by Eckhart Tolle

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2666_Andrea_B._Himmel.mp3
Category:general -- posted at: 7:00am EDT

When James Knull first started in real estate, he leveraged his youth by asking experienced investors to critique his business plans. Most people provided him with a lot of feedback, but a few were intrigued by his plans and asked to join him. Flash forward a few years and now James is the founder of his own realty group and a multifamily investor. In this episode, James walks us through how he went from single-family homes to starting his own realty group while investing in commercial real estate.

James Knull Real Estate Background

  • Full-time career: Founder of Mogul Realty Group 
  • Portfolio: 300 rental units 
  • Organizes and hosts Mogul Mastermind, one of the most popular Real Estate Investing meetup groups in Western Canada.
  • Based in Edmonton, Alberta, Canada
  • Say hi to him at: james@mogulrg.com
  • Best Ever Book: Traction: Get a Grip on Your Business by Gino Wickman


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Direct download: JF_2665_James_Knull_.mp3
Category:general -- posted at: 7:00am EDT

Judy Brower Fancher knows how to find killer deals before anyone else. From staying on top of market trends, to being a wanted repeat-investor, Judy has developed a strategy for getting exclusive access to competitive deals. In this episode, Judy breaks down her methods into four parts so that you can find better deals first as a passive investor.

Judy Brower Fancher Real Estate Background

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Direct download: JF_2664_Judy_Brower_Fancher_.mp3
Category:general -- posted at: 7:00am EDT

Camilla Jeffs was a burnt out, introverted landlord. When she learned about passive investing, it sounded like the perfect elixir to her fatigue. There was just one problem: commercial real estate is a team sport, and as an introvert, the idea of having to talk and network with groups of people was overwhelming. However, Camilla was able to create a strategy to work with and overcome a lot of the anxiety that surrounded the necessity of networking. In this episode, Camilla shares three great tips that introverted investors can use to overcome their anxiety and seek out amazing deals.

Camilla Jeffs Real Estate Background

  • Founder and CEO at Steady Stream Investments, which helps people achieve an elevated level of financial health through investing passively in cash-flowing real estate that impacts local communities, all without the hassles of being a landlord.
  • Portfolio: 107 multifamily units passive, 600+ multifamily units active, 64-bed assisted living new construction, totaling to $80M AUM.
  • Based in: North Dallas, TX
  • Say hi to her at: www.camillajeffs.com


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Direct download: JF_2661_Camilla_Jeffs__2.mp3
Category:general -- posted at: 7:00am EDT

We’re sharing the top sessions from the Best Ever Conference 2021 as we gear up for the second Best Ever Conference at Gaylord Rockies Convention Center in Colorado this February 24-26th.

In this session, Joe Fairless will help you identify your liabilities, maximize your opportunities, and accelerate your growth for your business.

Register for the Best Ever Conference here: www.besteverconference.com

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2663_Joe_Fairless_-_5_Evolutionary_Ideas_for_Your_Business.mp3
Category:general -- posted at: 7:00am EDT

What makes a syndication operator or general partnership reputable? How do you make sure you’re working with a competent team that will lead you to success? And how do you establish your own credibility and authority? Today, Travis Watts presents four painless ways to vet future groups and how you can use these methods to boost your own credibility.

Want more? We think you’ll like this episode: JF2424: What Can Go Wrong Investing in Syndications? | Actively Passive Show with Theo Hicks & Travis Watts

Check out past episodes of the Actively Passive Investing Show here: bit.ly/ActivelyPassiveInvestingShow.

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2662_Actively_Passive_Investing_Show_72.mp3
Category:general -- posted at: 7:00am EDT

Brock Mogensen went from completing one house hack to an 89-unit syndication. Self-taught and with limited commercial real estate investing experience, Brock was able to successfully pitch himself to partners. In this episode, Brock details how he crafted his winning pitch and the lessons he’s learned diving headfirst into CREI.

Brock Mogensen Real Estate Background

  • Current full-time career: Real Estate Investor
  • Company: Smart Asset Capital
  • Current Portfolio: $10M AUM
  • Years of real estate investing experience: 3.5 years
  • Syndication: They buy several different asset classes (multifamily, industrial, retail, and self storage). Actively involved.
  • Based in Milwaukee, WI
  • Say hi to him at www.smartassetcapital.com  www.capitalclub.io | www.howtoanalyzeadeal.com 
  • Best Ever Book: The 10x Rule by Grant Cardone

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2660_Brock_Mogensen_.mp3
Category:general -- posted at: 7:00am EDT

Daisy Serrano and Luc D’Abreau are a millennial husband/wife multifamily investing team that scaled their business through extensive networking. The wider their network grew, the easier it was to find the right people with the right competencies to secure good sponsors and partners. In this episode, Daisy and Luc share what it’s like to enter CREI as millennials and how they hustled to expand their circle. 

Daisy Serrano & Luc D'Abreau Real Estate Background

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Direct download: JF_2659_Daisy_Serrano_and_Luc_DAbreau.mp3
Category:general -- posted at: 7:00am EDT

CEO and Land Coach Brent Bowers believes that anyone can get into land investing with little to no money or risk. It only took him nine months to become financially free, and he’s continued to use his strategy throughout his career. In this episode, Brent shares how he made some of his greatest deals, and three ways you can source better land investment deals.

Brent Bowers | Real Estate Background

  • Career: CEO of Zech Buys Houses LLC, and Land Coach at The Land Sharks
  • 12 years of real estate investing experience
  • Based in Colorado Springs, CO
  • Say hi to him at www.thelandsharks.com 

Check out Brent's other episode with us here: bit.ly/JF1490BrentBowers

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2658_Brent_Bowers_.mp3
Category:general -- posted at: 7:00am EDT

When it comes to finding deals, Jake Harris likes to go granular on his market research. By deep diving on the details of potential properties, he’s been able to source deals before others can spot them. In this episode, Jake reveals the strategies he uses to find killer deals and how he stays ahead of the competition.

Jake Harris Real Estate Background

  • Current career: Full-time managing partner of private equity real estate firm, Harris Bay
  • Harris Bay process: “fundamental opportunistic and value add investment strategies.”
  • Portfolio: 150,000,000 in AUM; 200M in development pipeline
  • Has over 20 years of experience in real estate & construction and investment management.
  • Actively involved in CREI
  • Involved in multifamily, office, land, and hotel developments.
  • Based in Tahoe, CA
  • Say hi to him at: www.catchknives.com
  • Best Ever Book: The Gap and The Gain: The High Achievers' Guide to Happiness, Confidence, and Success by Dan Sullivan. 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2657_Jack_Harris_.mp3
Category:general -- posted at: 7:00am EDT

From youth minister to now commercial real estate investor, Slocomb Reed isn’t afraid to take chances to grow. He’s taken his portfolio from the ground up and now owner-operates over 65 units. In this episode, Slocomb discusses his past deals and how risk taking has paid off big time.

Slocomb Reed Real Estate Background

  • Director of Investment Services for The Chabris Group of Keller Williams Seven Hills Realty, the largest real estate sales team in Greater Cincinnati by number of sales.
  • Began investing in 2013. Went full-time as a sales agent in 2015 while continuing to invest.
  • Portfolio: Owner-operates over 65 units ranging from single-families to apartment buildings with 20+ units.
  • Based in Cincinnati, Ohio
  • You can find him at www.linkedin.com/in/slocomb-reed-b7145b1a/

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2656_Slocomb_Reed.mp3
Category:general -- posted at: 7:00am EDT

Were you taught that smart investing must always follow the “buy low, sell high” structure? In today’s episode, Travis Watts shares why this mentality may not be the best choice when it comes to investing due to situations like the Lost Decade. The Lost Decade was a span of time between 2000 and 2009 where the market fluctuated so much over the years, and ended with a recession, that most people had 0% returns on their investments after ten years. This episode will discuss why this occurred and how you can potentially prevent that outcome from happening to you.

Want more? We think you’ll like this episode: JF2305: How To Prepare For Economic Recession | Actively Passive Investing Show With Theo Hicks & Travis Watts

If you like what we’re doing, be sure to leave us a five-star review on your favorite podcast streaming platform!

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2655_-_Actively_Passive_Investing_Show_71.mp3
Category:general -- posted at: 7:00am EDT

The industrial sector can be hard to market to potential investors, but Neil Wahglen has found a way to ensure his company stands out from the rest. From their sale-leaseback strategy, to their unique, storytelling marketing, Neil has been able to not only bring in but maintain long term relationships with high-net-worth investors. In this episode, Neil details how these strategies came together to help him find his competitive advantage in the industrial space.

Neil Wahglen Real Estate Background

  • Works full-time as COO at MAG Capital Partners and is an Industrial Sponsor.
  • He has 8 years of real estate investing experience and is both active and passive.
  • Portfolio: $350M of industrial, single tenant net leased (NNN) commercial.
  • Background: commissioned officer and pilot in the US Air Force and Navy.
  • Based in San Francisco, California
  • You can find him at www.magcp.com | neil@magcp.com

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2654_Neil_Wahlgren.mp3
Category:general -- posted at: 7:00am EDT

In March of 2020, Jeromie and Anne Marie Sheldon closed on a 12 unit deal right as COVID-19 was taking the world by storm. The pandemic caused additional problems on top of the regular challenges that come with any property--rowdy tenants, delays, labor shortages--and yet one and a half years later, the Sheldons’ property is thriving. In this episode, the Sheldons discuss their business model and how they navigated being “COVID Closers.”

Jeromie and Anne Marie Sheldon Real Estate Background

  • Jeromie recently retired as an Air Force Pilot after 24 years of service and is now flying 747 overseas for UPS out of Anchorage, Alaska.
  • Anne Marie is a Licensed Physical Therapist.
  • They are both CREI, LPs in syndications, Active apartment owners.
  • Both actively and passively involved in CREI.
  • Portfolio: Started out with a SFR 2015 full cycle. Currently, Passive LP deals = 2000 + doors, Independent GPs on a 12 unit & 5 unit locally in WNY. 
  • Also own a townhouse- LTR (12 beds for pilots called “crashpads”) in Anchorage, AK.
  • Based in Grand Island, NY (close to Niagara Falls & Buffalo, NY)


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Direct download: JF_2653_Jeromie__Anne_Marie_Sheldon.mp3
Category:general -- posted at: 7:00am EDT

Who makes the decisions in a family-run business? What metrics are used to evaluate the CEO? What kind of challenges do they face? Daniel N. Farber helps answer all these questions in today’s episode by pulling back the curtain on what being a CEO for this type of investing firm is like. From what his KPIs are to who he reports to, Daniel gives the Best Ever listeners an insider look at how this multi-generational real estate investment firm is run.

Daniel N. Farber Real Estate Background

  • CEO of HLC Equity 
  • HLC Equity is a multi-generational real estate investment firm that has owned and operated real estate in over 25 states throughout the USA, having owned and managed over 7,000,000 gross square feet of commercial, residential, and development land.
  • Prior to real estate, he served in the Israel Defense Forces as a Staff Sergeant in an elite infantry unit.
  • Based in Pittsburgh, PA 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2652_Daniel_N_Farber.mp3
Category:general -- posted at: 7:00am EDT

Rick Martin caught the investing bug when he rented out his first house in 1998, helping to pay for film school. Rick continued to make deals while maintaining a full-time job, and just recently switched to syndicating full-time. From making good deals to choosing good partners, Rick reveals the most important lessons he’s learned over his 20+ years of CREI, including three things you can do to weather any storm as a syndicator. 

Rick Martin Real Estate Background

  • Been involved in real estate since 1998 and recently made the transition to a full-time career as a syndicator.
  • Founder of Fortress Federation Investments, which provides multifamily investment opportunities to its investors, helping them build wealth and multiple income streams.
  • Does both active and passive investing.
  • Portfolio: Throughout his career, he has bought and sold single-family and small multifamily. He still owns a fourplex, but otherwise he is now invested both actively and passively in 1,992 multifamily units.
  • Based in Redondo Beach, CA.
  • You can find him at www.fortressfederation.com.
  • Best Ever Book: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork by Dan Sullivan

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2651_Rick_Martin.mp3
Category:general -- posted at: 7:00am EDT

During his senior year of college, Braeden Windham wasn’t sure what he wanted to do with his career. It wasn’t until he met his future partner at an event that he found direction. Handed a pile of books and a list of podcasts about CREI by his partner, Braeden spent the rest of the semester studying real estate investing and syndication. Fast forward a year and a half, and now Braeden is the Founding Partner of multifamily investment firm Well Capital. In this episode, Braeden talks about how clarity and transparency guided his success over the past year, along with a few lessons learned along the way.

Braeden Windham Real Estate Background

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Direct download: JF_2650_Braeden_Windham_.mp3
Category:general -- posted at: 7:00am EDT

It can be a struggle trying to break into commercial real estate investing when you have a full-time job that occupies most of your schedule. How do you even find the time to dive in, let alone keep up with your investments? Jaideep Balekar was in a similar situation when he started actively investing while working full-time as a cybersecurity consultant. In this episode, he shares his advice on how to navigate and persevere through these challenges.

Jaideep Balekar Real Estate Background

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2649_Jaideep_Balekar.mp3
Category:general -- posted at: 7:00am EDT

What does “rich” mean to you? When you picture a rich person, do you imagine yachts, tropical vacations, or a lavish collection of sports cars? In this episode, Travis Watts provides a different perspective on what being rich really means in terms of having to work vs. choosing to work, freedom of time, and freedom of location. 

Check out past episodes of the Actively Passive Investing Show here: bit.ly/ActivelyPassiveInvestingShow.

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2648_Actively_Passive_Investing_Show_70.mp3
Category:general -- posted at: 7:00am EDT

Steff Boldrini took her car wash portfolio, originally valued around $2-3M, and almost doubled its value to $4-5M in just one year. From adding credit card machines to creating subscriptions, Steff used tech to level-up her properties with a 46 percent cash on cash return. In this episode, Steff shares the wins and obstacles she’s faced managing three car washes and one storage unit, and the tech secrets that got her where she is today. 

Steff Boldrini’s Real Estate Background

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Direct download: JF_2647_Steff_Bolrini_.mp3
Category:general -- posted at: 7:00am EDT

Hayden Harrington was tired of the meet-ups he kept attending. They were usually hosted in crowded, hard to hear areas where it was difficult to effectively network with people. That’s when he decided to create his own, unique events. In this episode, Hayden shares how he broke from tradition and created a successful in-person and online networking group.

Hayden Harrington Real Estate Background

  • Real estate entrepreneur focused on large-scale multifamily syndications
  • Currently has $30MM AUM and actively growing the portfolio
  • Managing partner at Momentum Multifamily, a commercial real estate group focused on buying institutional quality assets for their investors
  • Based in Richardson, TX

 

 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Bos

Direct download: JF_2646_Hayden_Harrington.mp3
Category:general -- posted at: 7:00am EDT

When he set out to make his first deal on a 472 house subdivision, Joe Marques--better known as Cowboy Joe--thought he’d selected the right team for the development. As it turned out, the group was using him with the end result costing him $41,000,000. Today, Cowboy Joe shares with us how that first deal actually set him up for success, discussing the importance of building good relationships and how your self-worth affects your net worth.

Cowboy Joe Marques Real Estate Background

  • Invested in numerous development projects across the US ranging from turnkey subdivisions, multifamily, 5,000 bed crew lodges, gulf-front condos, resorts, commercial buildings, and mix-use spaces
  • Involved in unique projects in the Caribbean and South America ranging in value from $1,200,000 to $100,000,000
  • Based in Pensacola, FL

 

 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Bos

Direct download: JF2645_Cowboy_Joe_Marques.mp3
Category:general -- posted at: 7:00am EDT

Jerome Maldonado was nearing the end of his retail center construction and about to start developing office condos when the 2008 recession hit. Overnight, his bank stopped all funding, leaving him without the remaining $300,000 needed to complete the project. Jerome takes us through his journey of navigating the recession and how he managed to pull through and succeed with his property.

Jerome Maldonado Real Estate Background

  • Full-time Commercial Real Estate Investor
  • 20+ years of experience
  • Portfolio consist of 400 real estate transactions between buy/hold, flip, development, and more
  • Based in Albuquerque, NM

 

 

Check out our previous episode with Jerome, JF2562: $7M in Less Than 2 Years with Jerome Maldonado.

Direct download: JF_2644_Jerome_Maldonado_.mp3
Category:general -- posted at: 7:00am EDT

Starting off on your first deal can be daunting. How big of a deal should you aim for? How do you build a good team? Where can you find a good network? Host Joe Fairless and guest Michael Blank share their top five secrets to closing your first deal.

Michael Blank Real Estate Background

  • Entrepreneur and Investor
  • Helped investors purchase over 9,500 units valued at $445M through his training programs
  • As CEO of Nighthawk Equity, he controls over $200M in performing multifamily assets 
  • Based in Atlanta, GA
  • Say hi to him at: www.themichaelblank.com

 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2643_Michael_Blank_.mp3
Category:general -- posted at: 7:00am EDT

During the 2008 recession, David Kislin’s bank that handled his construction loan filed for bankruptcy. Fearful for the future, his partners backed out of the project, causing David to lose half of his equity on the deal, totaling around $6 million. From lessons learned on relying too much on investors to the time saved on more granular deals, today David shares why he believes smaller deals can be smarter deals.

David Kislin Real Estate Background

  • Full time commercial real estate investor since 1999
  • Primary focus in multifamily, select commercial properties, and land for ground-up development using a mix of personal capital and a small group of high net worth investors
  • Current portfolio consists of over $300M properties completed
  • Based in Boca Raton, FL

 

 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2642_David_Kislin_.mp3
Category:general -- posted at: 7:00am EDT

“What mistakes did you make in your career that I should be on the lookout for as a new passive investor?” 

Travis Watts answers this listener question by sharing four mistakes he made starting out as a passive investor that you can learn from:

  1. Location, location, location: You cannot overcome a bad area with good management.
  2. Understand that management is key.
  3. Make sure you understand the underwriting.
  4. Don’t do a deal just for tax reasons or because you see a lucrative fee split structure.

Want a more in-depth look at how to vet a team, a market, or a deal? Then check out our three part mini-series starting with episode JF2396: Passive Investing Strategies | Actively Passive Investing Show With Theo Hicks & Travis Watts.

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2641_Actively_Passive_Investing_Show_69.mp3
Category:general -- posted at: 7:00am EDT

In less than six months, and without a social media team, Carlos Reinoso went from 200 to 5,000 connections on Facebook, a growing online network that eventually helped him score an equity partnership over 240 units. In this episode, Carlos shares his best tips on how to grow your online presence, leverage your network to meet investors, and how your social media accounts can lead to big deals.

Carlos Reinoso Real Estate Background

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Direct download: JF_2640_Carlos_Reinoso_.mp3
Category:general -- posted at: 7:00am EDT

Growing up, Van Sturgeon witnessed firsthand how his parents saved their rental property during a rough economic period through the use of meticulous budgeting and planning. Now, as an entrepreneur with over thirty years of real estate experience, Van uses this knowledge to help people overcome their fears of renovating and rehabbing by helping them break down the details and costs of their project. In this episode, Van shares his best tips for finding good renovation properties and how to create a realistic Renovation Calculator to properly execute your next multifamily renovation.

 Van Sturgeon Real Estate Background:

  • Entrepreneur, real estate investor, land developer and owns a number of businesses in real estate 
  • Currently owns and manages over 1,000 units in Michigan, Ohio, New Brunswick, and Florida 
  • Based in Toronto & Miami Beach, FL
  • Say hi to him at: www.vansturgeon.com 

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Direct download: JF_2639_Van_Sturgeon.mp3
Category:general -- posted at: 7:00am EDT