Best Real Estate Investing Advice Ever (general)

Nick and Elaine Stageberg are the owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction.

In this episode, Nick and Elaine tell us how they raise capital without targeting a defined hold period or IRR, why they built their business model around putting their investors’ needs first, and how they find deals with the potential for forced appreciation. 

Nick and Elaine Stageberg | Real Estate Background

  • Owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction. 
  • They target an indefinite hold period and have never sold an asset.  
  • Portfolio:
    • $300M in AUM
  • Based in: Rochester, MN
  • Say hi to them at: 
  • Greatest Lesson: Do the hard thing. Do the thing that other people are unwilling to do, and it will eventually become an insane, insurmountable advantage.

 

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Direct download: JF_3051_Nick_and_Elaine_Stageberg__.mp3
Category:general -- posted at: 3:00am EDT

Corey Chonsky is a full-time real estate investor and multifamily syndicator at Fair Winds Capital, a real estate investment firm that purchases value-add multifamily properties through JV or syndicated partnerships. In this episode, Corey discusses how forming partnerships helped him 10x his unit count, why he and his partners are transitioning to a fund model, and his advice for finding great partners.

Corey Chonsky | Real Estate Background

  • Retired Navy and full-time real estate investor and multifamily syndicator at Fair Winds Capital, a real estate investment firm that purchases value-add multifamily properties through JV or syndicated partnerships. 
  • Portfolio:
    • 675 units under management through all partnerships
  • Based in: Norfolk, VA
  • Say hi to him at: 
  • Greatest Lesson: Document expectations with people that you partner with. That way you leave no doubt as to who is doing what on a project.

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Direct download: JF_3050_Corey_Chonsky_.mp3
Category:general -- posted at: 3:00am EDT

Jimmy Edwards owns High Five Multifamily, which sources, acquires, and manages multifamily assets in the B- and C-class space. In this episode, he shares the pain points that motivated him to scale his business, how he builds relationships with brokers, and how he learned the hard lesson of knowing when to walk away from a deal. 

Jimmy Edwards | Real Estate Background

Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki

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Direct download: JF_3049_Jimmy_Edwards_.mp3
Category:general -- posted at: 3:00am EDT

Anna-Marie Lieb is the head of Multi-housing at CrowdStreet, where her team identifies and renews potential multifamily, student housing, and BTR offerings. In this episode, Anna-Marie tells us what kind of investors and operators access CrowdStreet, why sponsors with established track records choose to use the platform, and how the state of the economy is impacting CrowdStreet’s investor base. 

Anna-Marie Lieb | Real Estate Background

  • Head of Multi-housing at CrowdStreet, where her team identifies and renews potential multifamily, student housing, and BTR offerings. CrowdStreet is the largest online private equity real estate investing platform.
  • Portfolio:
    • In 2021 the platform funded ~$700M, and YTD 2022 ~$600M has been dedicated to multi-housing assets
  • Based in: Portland, OR
  • Say hi to her at: 

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Direct download: JF_3048_Anna-Marie_Lieb.mp3
Category:general -- posted at: 3:00am EDT

Nancy Huynh, MD, is the founder and CEO of Clear Vision Investing, a co-GP of value-add apartment syndications that donates nearly half of its company profits to cure preventable blindness. In this episode, Nancy discusses why she chose to invest in the Cincinnati market while based in Atlanta, how she learned the importance of knowing your sponsor as a passive investor, and why she believes learning to pivot is the best real estate investing advice ever. 

 

Nancy Huynh, MD | Real Estate Background

  • Founder and CEO of Clear Vision Investing, a co-GP of value-add apartment syndications that donates nearly half of its company profits to cure preventable blindness. 
  • Portfolio:
    • Co-GP of 132 units in Ohio
    • JV of an 18-unit apartment development deal in Ohio
  • Based in: Atlanta, GA
  • Say hi to her at:

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Direct download: JF_3047_Nancy_Huynh_.mp3
Category:general -- posted at: 3:00am EDT

Brian Tobler is a commercial broker at Malman Commercial Real Estate, which focuses on investment sales opportunities through buyer/seller representation. In this episode, Brian shares why he left the commercial real estate banking industry after 15 years, his thoughts on the future of the multifamily and industrial asset classes, and more.

Brian Tobler | Real Estate Background

  • Commercial broker at Malman Commercial Real Estate, which focuses on investment sales opportunities through buyer/seller representation.
  • Portfolio:
    • Two speculative for-sale fourplex deals in Denver
    • JV deal for a 200K sq. ft. owner-user industrial deal in the Denver area
  • Based in: Denver, CO
  • Say hi to him at: 
  • Greatest Lesson: Real estate is an incredible asset to own and invest in. The sooner you get in, the better.

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Direct download: JF_3046_Brian_Tobler.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 shares his perspective on what it means to be rich versus wealthy, an admittedly subjective topic. He explains why being rich is often associated with active income while being wealthy is associated with passive income, and encourages listeners to ask themselves what wealth looks like for them.

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Direct download: JF_3045_Passive_Investor_Tips_25_.mp3
Category:general -- posted at: 3:00am EDT

Arti Shah works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets. In this episode, she tells us how syndicators can get the attention of family offices, the intensive vetting process family offices go through when vetting deals, and why these groups are increasing capital reserves to take advantage of what is likely to come in the market. 

Arti Shah | Real Estate Background

  • Works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets.
  • Portfolio:
    • Properties in IL, NJ, and GA
  • Based in: Chicago, IL
  • Say hi to her at: 
  • Greatest Lesson: After working 18 hours a day in corporate, realizing that betting on myself would help me to grow personally and professionally.

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Direct download: JF_3044_Arti_Shah_.mp3
Category:general -- posted at: 3:00am EDT

Emily Zhu is the CMO of New Empire Corp, which is dedicated to all the marketing and sales of over $500M in new development condos and commercial spaces in Manhattan, Brooklyn, and Long Island City. In this episode, Emily discusses the advantages and challenges of developing commercial real estate in New York, the three ways she markets to investors, and how first-floor retail can be beneficial. 

 

Emily Zhu | Real Estate Background

  • CMO of New Empire Corp, which is dedicated to all the marketing and sales of over $500M in new development condos and commercial spaces in Manhattan, Brooklyn, and Long Island City. 

  • Based in: New York City

  • Say hi to her at: 

  • Greatest lesson: Keeping up with the market trends can make all the difference.

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Direct download: JF_3043_Emily_Zhu.mp3
Category:general -- posted at: 3:00am EDT

Connor Gross is the owner of Atlas Storage, which buys and sells self-storage facilities. In this episode, he shares what three aspects drew him to invest in self-storage over other asset classes that he considered, why he recommends screening local property managers aggressively, and how to set local property managers up for success. 



Connor Gross | Real Estate Background

  • Owner of Atlas Storage, which buys and sells self-storage facilities.

  • Portfolio:

    • 350 units

  • Based in: New York City (operates in TX)

  • Say hi to him at: 

  • Greatest Lesson: Try to systemize as many processes as possible.

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Direct download: JF_3042_Connor_Gross_.mp3
Category:general -- posted at: 3:00am EDT

John McNellis is the principal at McNellis Partners, a commercial development firm. In this episode, he tells us why he thinks 2023 will be a challenging year for real estate, his thoughts on the current state of office and multifamily, his advice for beginners investing in retail, and why he believes real estate success is all about supply constraints. 



John McNellis | Real Estate Background

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Direct download: JF_3041_John_E_McNellis_.mp3
Category:general -- posted at: 3:00am EDT

Andrea Foley is the CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. In this episode, she discusses how she is building wealth by purchasing mom-and-pop hotels in smaller towns and converting them into multifamily apartment buildings. 

 

Andrea Foley | Real Estate Background

  • CEO/CFO of Generational Wealth Capital, which specializes in reimagining hospitality for long-term wealth. She is currently on her second hotel-to-multifamily conversion and also owns and plans to grow short-term rentals.

  • Portfolio:

    • GP of two properties with a total of 175 units

    • Reinvesting all LP funds into her own projects at the moment

  • Based in: Omaha, NE

  • Say hi to her at: 

  • Greatest Lesson: You must be flexible, resilient, and extremely creative to have low risk and high success. After almost going bankrupt in my retail business, I was able to pivot, triple my revenue, and sell my business.

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Direct download: JF_3040_Andrea_Foley_.mp3
Category:general -- posted at: 3:00am EDT

Don Spafford is a partner at Happy Camper Capital, which syndicates RV resort vacation campgrounds and marinas. In this episode, he shares why he primarily focuses on investor relations despite his financial background, how the build-to-rent and campground asset classes fulfill different needs for different investors, and how his passion for helping people has shaped his real estate career. 

 

Don Spafford | Real Estate Background

  • Partner at Happy Camper Capital, which syndicates RV resort vacation campgrounds and marinas. He is also a senior accounting analyst for a financial services company.

  • Portfolio:

    • GP and LP of 800 build-to-rent doors with a 650+ door deal upcoming

    • 850 rentable campground spaces and a mix of some other holdings

  • Based in: Idaho Falls, ID

  • Say hi to him at: 

  • Greatest Lesson: Do your due diligence.

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Direct download: JF_3039_Don_Spafford.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.

Some people get scared when they hear the word ‘recession,’ but recessions are where so many millionaires and billionaires have made the majority of their money.

 

In this episode, Travis identifies the four stages of the commercial real estate market cycle — recession, recovery, expansion, and hyper-supply — and provides real-life examples to fully define each stage.

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Direct download: JF_3038_Passive_Investor_Tips_24.mp3
Category:general -- posted at: 3:00am EDT

Randy Smith is the founder of Impact Equity, a fund-to-fund manager that helps W-2 employees decrease dependence on W-2 income. In this episode, Randy tells us how being laid off after 25 years in corporate America prompted him to accelerate his real estate career, the telltale signs that indicate how an operator is likely to perform, and how he is qualifying GPs in today’s rising rate environment. 



Randy Smith | Real Estate Background

  • Say hi to him at: 

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Direct download: JF_3037_Randy_Smith_.mp3
Category:general -- posted at: 3:00am EDT

Serena Holmes is a full-time investor who previously ran her own brand experience agency for 18 years and sold it in February to focus on real estate. She is also the author of The Accidental Entrepreneur. In this episode, Serena discusses her passive investing experience, the lessons she’s learned from investing with different groups, and the successes and challenges she’s faced along the way.



Serena Holmes | Real Estate Background

  • Full-time investor who previously ran her own brand experience agency for 18 years and sold it in February to focus on real estate. 
  • Portfolio:
    • Has been a passive investor in 50 private deals
  • Based in: Toronto, Ontario, Canada
  • Say hi to her at: 
  • Greatest Lesson: Due diligence. The investment I've been most disappointed in is with a syndicated mortgage that was heavily advocated and promoted by Keyspire.

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Direct download: JF_3036_Serena_Holmes_.mp3
Category:general -- posted at: 3:00am EDT

Jordan Fisher is the principal at Next Wave Investors, a Southern California-based private equity investment firm with a specialized focus on value-add multifamily investments. In this episode, he shares how he’s grown his investor base organically, how he plans to formalize and boost his fundraising, and why he thinks trying to save money on payroll is a bad idea.

 

Jordan Fisher | Real Estate Background

  • Principal at Next Wave Investors, a Southern California-based private equity investment firm with a specialized focus on value-add multifamily investments.
  • Portfolio:
    • GP in more than $500M in acquisitions
  • Based in: San Clemente, CA
  • Say hi to him at: 
  • Greatest Lesson: This business is a lot more than financial. The success of a high-value multimillion-dollar investment comes down to the boots on the ground operating the property. Brokers and investors who like to improve how a property looks on paper by saving money on the payroll are making a mistake.

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Direct download: JF_3035_Jordan_Fisher_.mp3
Category:general -- posted at: 3:00am EDT

Hiron Fernando is a civil engineer who also works with NuRoads Investments LLC, a company that invests in single-family and multifamily properties. In this episode, he tells us about investing in the stock market as a sophomore in college, what drew him to real estate, and his experience as a GP of 50 units in a fractured condo complex. 

 

Hiron Fernando | Real Estate Background

  • Civil engineer who also works with NuRoads Investments LLC, a company that invests in single-family and multifamily properties. His mission is to create a self-sustaining business to enrich and bolster the community with reliable, clean, comfortable, and safe housing for people in the DFW Metroplex.
  • Portfolio:
    • GP of 13 single-family units and 50 multifamily units
    • LP of 260 multifamily units 
  • Based in: Dallas, TX
  • Say hi to him at: 
  • Greatest Lesson: Be persistent and curious.

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Direct download: JF_3034_Hiron_Fernando_.mp3
Category:general -- posted at: 3:00am EDT

Rama Krishna Chunchu is the founder of Rama Real Estate and Rama: Usha Investment Group, which invests in value-add multifamily deals. In this episode, he discusses how he achieved his goal of becoming a multifamily syndicator, becoming a passive multifamily investor to establish credibility before going active, and how persistence and consistency have helped him in his career. 

 

Rama Krishna Chunchu | Real Estate Background

  • Founder of Rama Real Estate and Rama: Usha Investment Group, which invests in value-add multifamily deals. 
  • Portfolio:
    • GP of 64 units 
    • LP of 500+ units
  • Based in: Greensboro, NC
  • Say hi to him at: 

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Direct download: JF_3033_Rama_Krishna_Chunchu.mp3
Category:general -- posted at: 3:00am EDT

Derek Dombeck is the co-owner of Best REI Funding, a private money lending company. In this episode, he shares how he reinvented himself and his business after losing everything in the Great Recession, why he’s not a fan of banks, and how working alongside borrowers as a financial partner has helped him maintain a low default rate. 



Derek Dombeck | Real Estate Background

  • Co-owner of Best REI Funding, a private money lending company.
  • Portfolio:
    • Two mineral quarries
    • Several residential complexes
  • Based in: Green Bay, WI
  • Say hi to him at: 

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Direct download: JF_3032_Derek_Dombeck_.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 how, as a passive investor or limited partner in a syndication or real estate private placement, you must first decide which asset class(es) you want to invest in. However, you also have the freedom to choose what business plan you want to partner in when it comes to those asset choices. 

 

Travis shares why the bulk of his portfolio is heavily focused on value-add business plans, and why he refers to this type of plan as his “bread and butter.”

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Direct download: JF_3031_Passive_Investing_Tips_23_.mp3
Category:general -- posted at: 3:00am EDT

Daniel Apke is the owner of Land Investing Online, a company that purchases off-market land deals and sells them for market value. In this episode, he tells us how he got into the business of land investing, what he looks for in a deal, which buyers and sellers he tends to target, and common pitfalls to avoid in this asset class. 



Daniel Apke | Real Estate Background

  • Owner of Land Investing Online, a company that purchases off-market land deals and sells them for market value. 
  • Portfolio:
    • GP of 550+ acquisitions and six rental properties
    • LP of one syndication
  • Based in: St. Petersburg, FL
  • Say hi to him at: 

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Direct download: JF_3030_Daniel_Apke.mp3
Category:general -- posted at: 3:00am EDT

Melanie Bajrovic is an entrepreneur, real estate investor, international best-selling author, speaker, and educator. She went from being a waitress to owning multiple investment properties, became a millionaire at the age of 27, and is the author of The Wealthy Barmaid: From Minimum Wage to Millionaire

 

In this episode, Melanie discusses why she loves to self-manage her properties, how her Airbnb became her most profitable investment, and the net income she receives from each of her properties versus the amount of time it takes to manage them. 



Melanie Bajrovic | Real Estate Background

  • Say hi to her at: 
  • Greatest Lesson: You have to be obsessed and hustle daily if you want to build an empire.

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Direct download: JF_3029_Melanie_Bajrovic_.mp3
Category:general -- posted at: 3:00am EDT

August Biniaz is the co-founder of CPI Capital, an investment firm focused on multifamily value-add assets. In this episode, he shares his business approach from a marketing standpoint, how he approaches building and nurturing relationships with investors, and which tactics have worked best for him. 

 

August Biniaz | Real Estate Background

  • Co-founder of CPI Capital, an investment firm focused on multifamily value-add assets. CPI Capital is a Canadian-based real estate investment firm with a mandate to acquire U.S. multifamily properties. 
  • Portfolio:
    • $208M AUM
  • Based in: Vancouver, BC, Canada
  • Say hi to him at: 

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Direct download: JF_3028_August_Biniaz.mp3
Category:general -- posted at: 3:00am EDT

Carlos Salguero is a professional real estate investor and mentor who runs CS3 Investments, which is on track to acquire $1B worth of real estate properties. In this episode, he discusses how he scaled from a fourplex to 1,000 units in one year and his biggest challenges in scaling and increasing his unit count across various markets. 



Carlos Salguero | Real Estate Background

  • Professional real estate investor and mentor who runs CS3 Investments, which is on track to acquire $1B worth of real estate properties.
  • Portfolio:
    • 1,000+ doors
  • Based in: Denver, CO
  • Say hi to him at: 
  • Greatest Lesson: Get a mentor that is living the life you want to live.

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Direct download: JF_3027_Carlos_Salguero_.mp3
Category:general -- posted at: 3:00am EDT

David Cruz-Palmer is the principal at Corridor Capital Partners, an industrial real estate investment company. In this episode, David tells us how he gained a competitive advantage as a warehouse investor using his understanding of supply-constrained markets, his ability to recognize and take advantage of market inefficiencies, and going directly to the seller whenever possible.



David Cruz-Palmer | Real Estate Background

  • Principal at Corridor Capital Partners, an industrial real estate investment company that makes value-add industrial real estate investments available to ordinary investors.

  • Portfolio: 

    • Over 500K sq. ft. of industrial and flex warehouses in VA, and soon to be more in FL

  • Based in: Charlottesville, VA

  • Say hi to him at: 

  • Greatest Lesson: Invest in yourself.

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Direct download: JF_3026_David_Cruz-Palmer_.mp3
Category:general -- posted at: 3:00am EDT

Robert Band is Vice President of Commercial Insurance at AssuredPartners, one of the fastest-growing insurance brokers in the U.S. that uses risk reduction tools to reduce property and liability risk and premiums. In this episode, he shares his insights on the insurance industry, what drew him to become a risk advisor, and why he is so passionate about his work.




Robert Band | Real Estate Background

  • Vice President of Commercial Insurance at AssuredPartners, one of the fastest-growing insurance brokers in the U.S. that uses risk reduction tools to reduce property and liability risk and premiums.
  • Based in: CO and FL
  • Say hi to him at: 
  • Best Ever Book: The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
  • Greatest Lesson: When I was CFO, I only knew 10% of what it takes to save real money and time on insurance.

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Direct download: JF_3025_Robert_Band.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 why he believes track record is the most important due diligence metric. Using stocks and real estate private placements as examples, he explains how to properly evaluate a track record and the most important questions to ask before deciding to invest.

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Direct download: JF_3024_Passive_Investor_Tips_22_.mp3
Category:general -- posted at: 3:00am EDT

Isaac Chiang is the founder of The Jackson Property Holdings LLC, which conducts value-add, tenancy stabilization, and value preservation for multifamily apartments. In this episode, he shares how he built and sold a semiconductor sales company in Dubai before becoming a New York-based real estate investor, his rationale behind shifting asset classes in order to support his retirement goal, and why he’s on the hunt for a unicorn for his next deal.

 

Isaac Chiang | Real Estate Background

  • Founder of The Jackson Property Holdings LLC, which conducts value-add, tenancy stabilization, and value preservation for multifamily apartments. 
  • Portfolio:
    • 200 multifamily apartment units
  • Based in: New York City, NY
  • Say hi to him at: 
  • Best Ever Book: The Go-Giver by Bob Burg

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Direct download: JF_3023_Isaac_Chiang_.mp3
Category:general -- posted at: 3:00am EDT

Emma Powell is the owner of Highrise Group, where she works as a multifamily owner, operator, and capital raiser. In this episode, she tells us about the investing strategies she has used to work toward her goal of becoming a purely passive investor, the deals she’s doing right now, and how her biggest financial loss helped her pivot her business in a major way. 



Emma Powell | Real Estate Background

  • Owner of Highrise Group, where she works as a multifamily owner, operator, and capital raiser. She and her husband, an IT developer, invest their own capital as well as partner capital, run a joint-venture investing club, and syndicate for limited partners.
  • Portfolio:
    • GP of:  
      • 10 residential units
      • 75 multifamily units (co-managing partners)
      • 490 units as minor/non-controlling GP
      • 265 multifamily units and short-term rentals in new development
      • 34 multifamily units and 156 multifamily entitled units sold/full cycle
  • Based in: Salt Lake City, UT

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Direct download: JF_3022_Emma_Powell_.mp3
Category:general -- posted at: 3:00am EDT

Galit Ventura-Rozen has multiple businesses and has been a broker/owner for over 25 years. In this episode, she discusses her 25+ years of experience in real estate, how being asset agnostic allows her to focus on finding great deals with great returns, and why she’s recently been shifting into development. 

 

Galit Ventura-Rozen | Real Estate Background

  • Has multiple businesses and has been a broker/owner for over 25 years. 
  • Portfolio:
    • Self-storage
    • Land
    • Office
    • Retail
    • Development
  • Based in: Las Vegas, NV

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Direct download: JF_3021_Galit_Ventura-Rozen_.mp3
Category:general -- posted at: 3:00am EDT

Tilden Moschetti is the managing partner of Moschetti Syndication Law Group, a boutique syndication law firm. In this episode, he shares his expertise on securities law, the different deal structures he’s seen, and some of the common mistakes he’s seen clients make. 

 

Tilden Moschetti | Real Estate Background

  • Managing partner of Moschetti Syndication Law Group, a boutique syndication law firm. 
  • Based in: Raleigh, NC, and Los Angeles, CA
  • Say hi to him at:

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Direct download: JF_3020_Tilden_Moschetti_.mp3
Category:general -- posted at: 3:00am EDT

Litan Yahav is the co-founder of Vyzer, a digital-first, holistic solution that helps investors track, monitor, and gain insights into where their money is going and how to best maximize its potential. In this episode, he discusses his passion for investing in real estate syndications as a limited partner, what inspired him to create Vyzer, and how operators he’s invested with have earned his trust. 



Litan Yahav | Real Estate Background

  • Co-founder of Vyzer, a digital-first, holistic solution that helps investors track, monitor, and gain insights into where their money is going and how to best maximize its potential. 
  • Portfolio:
    • LP of 2,000+ doors
  • Based in: Israel
  • Say hi to him at: 
  • Greatest Lesson(s): 
    • 1. It’s all a matter of finding people you can trust. 
    • 2. Educate yourself on what questions to ask to vet potential GPs.
    • 3. Put yourself alongside as many like-minded people as possible.

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Direct download: JF_3019_Litan_Yahaz_.mp3
Category:general -- posted at: 3:00am EDT

Craig Stevens is the founder and president of Groundbreaking Real Estate and Shore Term Rentals. In this episode, he tells us how he left his insurance career to take on real estate, working his way up from the bottom by educating himself in order to become a successful capital raiser and owner of his own property management company.



Craig Stevens | Real Estate Background

  • Founder and president of Groundbreaking Real Estate and Shore Term Rentals. Groundbreaking Real Estate works with trusted syndicators as a co-GP to help them raise capital, while Shore Term Rentals helps short-term rental owners on the Jersey Shore by listing their properties and providing management services.
  • Portfolio:
    • Co-GP 416 units
    • LP of 579 units and 757K sq. ft. in retail space
  • Based in: Raleigh, NC
  • Say hi to him at: 
  • Greatest Lesson: No matter how frustrated or worn out you get, keep steering down your path and your dreams will come true. Set detailed and specific goals, reassess them regularly, and be relentless in meeting those goals.

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Direct download: JF_3018_Craig_Stevens.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 shares an impactful and profound piece of advice he once received from a mentor: Double down on what’s working. He explains why this advice has been so life-changing for him and how to apply it to your own life to help you reach your goals.

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Direct download: JF_3017_Passive_Investor_Tips_21_.mp3
Category:general -- posted at: 3:00am EDT

Rinku Patel works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets. She is also starting a women-only CRE Mastermind with the goal to empower women to get into commercial real estate. In this episode, she discusses her journey from the restaurant industry to commercial real estate investing, tips she’s picked up along the way, and the nuances of women in commercial real estate.

 

Rinku Patel | Real Estate Background

  • Works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets. She is also starting a women-only CRE Mastermind with the goal to empower women to get into commercial real estate. 

  • Portfolio: 

    • GP of several retail strip centers, co-work office spaces, land, and flex buildings

    • LP of several multifamily syndication deals 

  • Based in: Atlanta, GA

  • Say hi to her at: 

  • Greatest Lesson: There will be hurdles, challenges, and even people telling you that you can't do it or that it’s a bad idea. At the end of the day, put your head down, grind, and work towards your goals. No one else is going to make it happen or believe in you more than yourself.

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Direct download: JF_3016_Rinku_Patel_.mp3
Category:general -- posted at: 3:00am EDT

Doug Spence is an active-duty Naval Officer and founder of Honor and Equity, a real estate resource for military members, veterans, and their families. In this episode, he discusses his focus on sharing real estate investing with the military community; his tips for balancing time between family, a W-2, and real estate; and why connecting people is his superpower. 



Doug Spence | Real Estate Background

    • Active-duty Naval Officer and founder of Honor and Equity, a real estate resource for military members, veterans, and their families.
    • Current real estate portfolio:
      • Single-family and small multifamily buy-and-holds
      • LP in three syndications
      • Co-GP in RV park fund syndication
    • Based in: San Diego, CA
  • Say hi to him at: 

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Direct download: JF_3015_Doug_Spence_.mp3
Category:general -- posted at: 3:00am EDT

Dr. Julius Oni is the CEO of XSITE Capital Investments, which focuses on multifamily syndications. He also works full-time as an orthopedic surgeon specializing in hip and knee replacement at Johns Hopkins. In this episode, Julius shares his thoughts on the state of the economy and its impact on real estate as well as how XSITE is changing the way they approach and analyze deals based on current interest rates and slowing rent growth. 



Dr. Julius Oni | Real Estate Background

  • Julius works full-time as an orthopedic surgeon specializing in hip and knee replacement at Johns Hopkins. He is the CEO of XSITE Capital Investments, which focuses on multifamily syndications.
  • Portfolio: 
    • $125M AUM
    • GP and LP of 694 units
  • Based in: Baltimore, MD
  • Say hi to him at: 

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Direct download: JF_3013_Julius_Oni.mp3
Category:general -- posted at: 3:00am EDT

Luis Vilar-Carrasquillo is a mechanical engineer who joined a group focused on acquiring apartment buildings through syndications and joint ventures. In this episode, he discusses how persistence and market knowledge have helped him get great deals, the importance of developing and sticking to your own criteria, and his top networking tips. 



Luis Vilar-Carrasquillo| Real Estate Background

    • Mechanical engineer who joined a group focused on acquiring apartment buildings through syndications and joint ventures. 
    • Portfolio:
      • GP of 176 doors
    • Based in: West Palm Beach, FL
  • Say hi to him at: 
  • Greatest Lesson: Stick to your criteria. It is super important to establish your criteria and stick to them from the beginning.

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Direct download: JF_3012_Luis_Vilar-Carrasquillo_.mp3
Category:general -- posted at: 3:00am EDT

Jerry Green is an REI coach and educator, as well as president of Real Estate Solutions Unlimited Inc., which helps communities rehabilitate neighborhoods and provide quality housing. In this episode, he tells us about the four pillars of building a CRE business: setting goals, reverse engineering those goals, creating an accountability chart, and setting your system up to track key performance indicators. 

 

Jerry Green | Real Estate Background

    • REI coach and educator, as well as president of Real Estate Solutions Unlimited Inc., which helps communities rehabilitate neighborhoods and provide quality housing.
    • Portfolio:
      • 65+ rental properties
    • Based in: Germantown, OH
  • Say hi to him at: 

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Direct download: JF_3011_Jerry_Green_.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.

 

When most people set a goal, they tend to work toward achieving that goal in a linear fashion — from start to finish. In this episode, Travis explains how to make your goals more attainable by starting with the end in mind using a strategy called reverse engineering.

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Direct download: JF_3010_Passive_Investor_Tips_20.mp3
Category:general -- posted at: 3:00am EDT

David Ash is the managing director at Walker & Dunlop, which works with investment sales efforts across New York and executes across all asset classes. In this episode, he shares how starting out as a club promoter in college helped him discover his gift of bringing people together, how that led to a flourishing career in investment sales, and some of his insights into the New York City commercial real estate market. 

 

David Ash | Real Estate Background

  • Managing director at Walker & Dunlop, which works with investment sales efforts across New York and executes all across asset classes. He has also done $4.21B in sales transactions since the inception of his company Prince Realty Advisors.
  • Based in: Manhattan, NY
  • Say hi to him at: 
  • Best Ever Book: Hit Makers: The Science of Popularity in an Age of Distraction by Derek Thompson
  • Greatest lesson: Stay focused on what you’re good at.

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Direct download: JF_3009_David_Ash.mp3
Category:general -- posted at: 3:00am EDT

Brian Wagers is the owner/operator of Elevate Commercial Investment Group, which buys apartments across the U.S. with the intent to increase net operating income. In this episode, he tells us why he recommends starting a commercial real estate meetup in your area, what economic policies he looks for in new markets, and his group’s strategy for taking on newly developed multifamily properties. 

 

Brian Wagers | Real Estate Background

  • Owner/operator of Elevate Commercial Investment Group, which buys apartments across the U.S. with the intent to increase net operating income. 
  • Portfolio:
    • GP of
      • 5,800 doors
    • LP of
      • About 2,000 doors
  • Based in: Rogers, AR
  • Say hi to him at: 
  • Best Ever Book: How to Win Friends and Influence People by Dale Carnegie
  • Greatest lesson: Stay focused and don’t get “shiny-penny syndrome.”

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Direct download: JF_3008_Brian_Wagers_.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 discusses increasing interest rates and other current factors that are impacting commercial real estate investors. He also reflects on several different deals he has recently worked on and the lessons he’s learned from them.

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Direct download: JF_3007_Beyond_Multifamily_18.mp3
Category:general -- posted at: 3:00am EDT

Daniel Weisfield is the co-founder of Three Pillar Communities, a Top 50 owner of manufactured housing communities in the U.S. In this episode, he discusses his passion for developing and improving existing manufactured housing communities, the need to correct stereotypes and misunderstandings about this asset class, and how he is working to be part of the solution. 



Daniel Weisfield | Real Estate Background

    • Co-founder of Three Pillar Communities, a Top 50 owner of mobile home parks in the U.S.
    • Portfolio:
      • 50 assets in eight states
      • 70+ employees
      • 10,000+ residents
    • Based in: Los Altos, CA
  • Say hi to him at:
  • Greatest Lesson: Our first deal — buying a distressed 22-unit mobile home park at an online sheriff's auction.

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Direct download: JF_3006_Daniel_Weisfield_.mp3
Category:general -- posted at: 3:00am EDT

Justin Moy is a principal at Perpetual Wealth Capital and host of the podcast, Building Passive Income & Wealth (Through Real Estate). In this episode, he shares how his lifelong interest in real estate led him to flipping, wholesaling, becoming a realtor, and ultimately finding multifamily syndication and becoming a GP of 300+ units. 

 

“If something is really worth having, you’ve got to know that other people have done it before you, other people were successful, and you can be, too.” 

 

Justin Moy | Real Estate Background

  • Principal at Perpetual Wealth Capital and host of the podcast, Building Passive Income & Wealth (Through Real Estate).
  • Portfolio: 
    • Lead GP and LP of 304 units
  • Based in: Kansas City, MO
  • Say hi to him at:
  • Greatest lesson: Refining your communication and sales skills, regardless of your position, is important.

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Direct download: JF_3005_Justin_Moy_.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.

 

 

Warren Buffett once said, “Wide diversification is only required when investors do not understand what they are doing.” In this episode, Travis Watts explains why he doesn’t agree with this particular quote and shares a few short, true stories to demonstrate the importance of diversification.

 

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Direct download: JF_3003_Passive_Investor_Tips_19_.mp3
Category:general -- posted at: 3:00am EDT

Greg Gaudet is a real estate investor at Maui Home Buyers and the business development manager of Premier Restoration Hawaii. In this episode, he discusses how he overcame addiction and homelessness to achieve financial independence, how he ended up getting started in real estate after moving to Maui, and the kinds of deals he’s currently targeting.

 

Greg Gaudet | Real Estate Background

  • Real estate investor at Maui Home Buyers and business development manager of Premier Restoration Hawaii. 
  • Portfolio:
    • 20 units, 17 fully owned
  • Based in: Maui, HI
  • Say hi to him at:

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Direct download: JF_3004_Greg_Gaudet.mp3
Category:general -- posted at: 1:15pm EDT

Xiaofeng Harman is the co-founder of Liberta Homes, a diverse company focusing on the construction of modern high-end homes and quality multifamily housing around the country. In this episode, she tells us about her pursuit of financial freedom, her long journey to becoming a GP on 150+ units, and the importance of partnering with experienced syndicators. 

 

Xiaofeng Harman | Real Estate Background

  • Co-founder of Liberta Homes, a diverse company focusing on the construction of modern high-end homes and quality multifamily housing around the country.
  • Portfolio:
    • GP of 152 units
  • Based in: Oakland, CA
  • Say hi to her at:
  • Greatest Lesson: Finding a great partner who fits you is so critical before you enter a deal.

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Direct download: JF_3002_Xiaofeng_Harman_.mp3
Category:general -- posted at: 3:00am EDT

Doug Harman is the owner and CEO of Liberta Homes, a diverse company focusing on the construction of modern high-end homes and quality multifamily housing around the country. In this episode, he shares the lessons he’s learned from hiring the wrong property managers, how he ended up finding the right fit, and his tips for developing a strong team.



Doug Harman | Real Estate Background

    • Owner and CEO of Liberta Homes, a diverse company focusing on the construction of modern high-end homes and quality multifamily housing around the country. He has been a real estate investor for 22 years, and also works full-time as an Avian Maintenance Manager.
    • Portfolio:
      • GP of 152 units
    • Based in: Oakland, CA
  • Say hi to him at:

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Direct download: JF_3001_Doug_Harman_.mp3
Category:general -- posted at: 3:00am EDT

Edward Brown assists Pacific Private Money with capital raising and investor presentations. In this episode, he discusses hard money loans, starting funds, helping investors with bridge loans, and how to stay liquid and earn a high interest rate. 

 

Edward Brown | Real Estate Background

    • Previously CEO of a hard money loan company for many years, as well as an expert witness and writer. Today, he assists Pacific Private Money with capital raising and investor presentations.
    • Based in: California
  • Say hi to him at:

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Direct download: JF_3000_Edward_Brown_.mp3
Category:general -- posted at: 3:00am EDT

Kelly Iannone is the founder and owner of Waypoint Commercial Investment Partners, LLC, which focuses on multifamily syndication. In this episode, she tells us her reasons for getting into real estate investing and how she maintains stability as a multifamily syndicator.

 

Kelly Iannone | Real Estate Background

  • Founder and owner of Waypoint Commercial Investment Partners, LLC, which focuses on multifamily syndication.
  • Portfolio:
    • GP of:
      • 357 units across three properties
      • One six-unit property 
      • One single-family rental
    • LP of:
      • One property
      • 45 RV pads
  • Works full-time at the Walt Disney Company as a senior manager of business planning and strategy.
  • Based in: Orlando, FL
  • Say hi to her at:
  • Greatest Lesson: I’m super passionate about the FIRE (financial independence, retire early) community and I believe anyone within my circle of influence has an opportunity to become financially free within 10 years. Regardless of if they want to retire or continue working, having the option is the goal!

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Direct download: JF_2999_Kelly_Iannone.mp3
Category:general -- posted at: 3:00am EDT

Elsa Nguyen is the CEO and founder of Sunrise Equity Group, which focuses on apartment syndication. In this episode, she shares why she was drawn to land development opportunities in Florida, the various steps that go into executing a land entitlement deal, and the level of detail that can go into creating a land development construction plan. 

 

Elsa Nguyen | Real Estate Background

  • CEO and founder of Sunrise Equity Group, which focuses on apartment syndication.
  • Portfolio:
    • 200 apartment units
    • 225 units in pre-construction & development
  • Based in: Fremont, CA
  • Say hi to her at: 

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Direct download: JF_2998_Elsa_Nguyen_.mp3
Category:general -- posted at: 3:00am EDT

D’Nette Wood has been in the real estate business for 23 years and is currently a real estate advisor for Sotheby’s International Realty, where she focuses on luxury homes as well as commercial real estate. In this episode, she discusses transitioning from a loan officer to getting involved in commercial real estate, what she’s learned from experiencing downturns in the economy firsthand, and how she focuses on her client’s needs. 

 

D’Nette Wood | Real Estate Background

  • Has been in the real estate business for 23 years and is currently a real estate advisor for Sotheby’s International Realty, where she focuses on luxury homes as well as commercial real estate.
  • Based in: Albuquerque, NM
  • Say hi to her at: 

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Direct download: JF_2997_Dnette_Wood_.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 tells us how he and his wife have been able to purchase numerous vehicles over the years by using passive income.

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Direct download: JF_2996_Passive_Investor_Tips_18.mp3
Category:general -- posted at: 3:00am EDT

Whitney Sewell is the founder and CEO of Life Bridge Capital, a leading real estate syndication company that offers its investment partners the opportunity to leverage shares of multifamily rental properties into a passive monthly income. In this episode, he shares the details of his journey from his background in military, law enforcement, and horse training to becoming a real estate syndicator with $350M in AUM. 

 

Whitney Sewell | Real Estate Background

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Direct download: JF_2995_Whitney_Sewell_.mp3
Category:general -- posted at: 3:00am EDT

Charles Wessel is the principal at Cordell Capital, which focuses on apartment syndication. In this episode, he discusses the ins and outs of raising capital and what he looks for when he vets sponsors. 

 

Charles Wessel | Real Estate Background

  • Principal at Cordell Capital, which focuses on apartment syndication.
  • Portfolio:
    • GP of 786 units, totaling ~$73M in AUM
    • LP of 66 units
  • Based in: Charleston, SC
  • Say hi to him at:
Direct download: JF_2994_Charles_Wessel.mp3
Category:general -- posted at: 3:00am EDT

Charlie Hardage is the co-founder of H&K Investment Group LLC, which improves apartment communities by making them safer, adding value, and running them efficiently. In this episode, he tells us what motivated him to leave his W-2 job, why he got started in real estate as a limited partner, and how he discovered his talent for analyzing deals and raising capital. 

 

Charlie Hardage | Real Estate Background

  • Co-founder of H&K Investment Group LLC, which improves apartment communities by making them safer, adding value, and running them efficiently in a 3-5 year period.
  • Portfolio:
    • GP of 282 units
    • LP of 538 units
  • Based in: Nashville, TN
  • Say hi to him at:
  • Greatest Lesson: I don't have to know everything. We are a team and everyone uses their superpower.

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Direct download: JF_2993_Charlie_Hardage_.mp3
Category:general -- posted at: 3:00am EDT

David McIlwaine is the founder and CEO of MAC Assets, which syndicates B- and C-class value-add properties. In this episode, he tells us how one seminar changed his entire career trajectory, the first steps he took to start scaling his real estate business, and the hard lesson he learned when a deal fell through during his honeymoon. 



David McIlwaine | Real Estate Background

  • Founder and CEO of MAC Assets, which syndicates B- and C-class value-add properties. 
  • Portfolio:
    • GP of 1,000 doors
    • LP of 200 doors
  • Based in: Denver, CO
  • Say hi to him at:

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Direct download: JF_2992_David_McIlwaine.mp3
Category:general -- posted at: 3:00am EDT

Benjamin Goodpasture is the CEO of Goodpasture Homes, LLC, which transforms distressed properties into functional homes that add value to families, homebuyers, tenants, and neighborhoods.

 

In this episode, he discusses how his background in construction fueled his interest in rehab and construction-intensive projects, how he is adapting his investment and acquisitions strategies in response to the current market and economy, and the top lessons he’s learned from managing his own team of rehabbers.

 

Benjamin Goodpasture | Real Estate Background

  • CEO of Goodpasture Homes, LLC, which transforms distressed properties into functional homes that add value to families, homebuyers, tenants, and neighborhoods.
  • Portfolio:
    • 40+ doors
  • Based in: Redding, CA
  • Say hi to him at:

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Direct download: JF_2991_Benjamin_Goodpasture_.mp3
Category:general -- posted at: 3:00am EDT

Jason Harris is the founder and CEO of Harris Investment Group, which invests in multifamily properties, focusing on adding real value to the property for its tenant base. In this episode, he shares how he’s scaled to almost $400 in AUM in the last four years, the hardships he experienced along the way, and some of the toughest lessons he’s learned in his career so far. 

 

Jason Harris | Real Estate Background

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Direct download: JF_2990_Jason_Harris_.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 the idea that you get paid in direct proportion to the difficulty of the problem that you solve. He examines how commercial real estate fits into this discussion as well. By zeroing in on a very specific niche in real estate, he explains, you decrease the level of competition — and increase your chances for success.

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Direct download: JF_2989_Passive_Investor_Tips_17.mp3
Category:general -- posted at: 3:00am EDT

Edward Ring is the founder and CEO of New Standard Equities, a leading vertically-integrated real estate investment management firm that specializes in the acquisition and operations of multifamily properties located throughout the Western U.S.

 

In this episode, he tells us his thoughts on the difference between a value-add and repositioning business plan, how he cautiously approaches repositioning apartment buildings, and which apartment interior updates have led to the most success for his business.



Edward Ring | Real Estate Background

  • Founder and CEO of New Standard Equities, which is a leading vertically-integrated real estate investment management firm that specializes in the acquisition and operations of multifamily properties located throughout the Western U.S.
  • Portfolio: 
    • 2,000 units in 13 properties
  • Based in: Los Angeles, CA
  • Say hi to him at: 

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Direct download: JF_2988_Edward_Ring_.mp3
Category:general -- posted at: 3:00am EDT

Adam Rosenkranz is the chief investment officer of Christina Development Corporation, a Malibu-based real estate developer, manager, and sponsor founded in 1977. In this episode, he discusses what he’s seeing in the Los Angeles market due to interest rate hikes and skepticism in the market, what he is seeing in terms of potential opportunities on the horizon, and his outlook on the residential market going forward. 



Adam Rosenkranz | Real Estate Background

  • Chief investment officer of Christina Development Corporation, a Malibu-based real estate developer, manager, and sponsor founded in 1977.
  • Previous episode: JF2901: 45 Years Without Losing a Dollar ft. Adam Rosenkranz
  • Portfolio:
    • GP of approximately 20 properties that are a mix of retail, office, and multifamily
  • Based in: Malibu, CA
  • Say hi to him at:
  • Greatest lesson: Great real estate is meant to be held. Throughout the company’s 45-year history, there is not a single property we’ve sold in the Westside region of Los Angeles that we could purchase back today for the price we sold it for.

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Direct download: JF_2987_Adam_Rosenkranz_.mp3
Category:general -- posted at: 3:00am EDT

Inflation is at an all-time high and we may be on the brink of a syndication bubble. Deciding where to invest your money is crucial in times like these. In this episode, Best Ever Show host Ash Patel discusses how to start investing in non-residential CRE to increase your returns.

 

What you'll learn:

  1. Which deals to look for and how to find them
  2. How to underwrite your deals like a pro
  3. How to re-tool yourself to look at new deals that will earn your more
  4. How to find deals from $200K–$7M

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Direct download: JF_2986_Webinar_1_.mp3
Category:general -- posted at: 2:00am EDT

Lisa Parrish is the owner of GLP Investments, LLC, an acquisitions company that identifies and acquires multifamily properties in North Carolina, South Carolina, and Texas. In this episode, she shares why she and her husband transitioned to third-party property management after doing it themselves for years, her advice for finding the right business partners, and how learning things the hard way along her journey has ultimately benefited her. 

 

Lisa Parrish | Real Estate Background

  • Owner of GLP Investments, LLC, an acquisitions company that identifies and acquires multifamily properties in NC, SC, and TX.
  • Portfolio: GP of 3,243 units across 26 properties
  • Based in: Charlotte, NC, and AZ
  • Say hi to her at:
  • Best Ever Book: Think & Grow Rich by Napoleon Hill
  • Greatest lesson: The importance of finding great partners is the key. Once we found the partners that were the other piece of our puzzle, we increased our portfolio substantially.

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Direct download: JF_2985_Lisa_Parrish_.mp3
Category:general -- posted at: 2:00am EDT

Don Wenner is the CEO and founder of DLP Capital, a high-growth IMPACT investor that leverages capital with real estate-backed investments. In this episode, he discusses how he reached $4B in AUM in 17 years, his book titled How to Build an Elite Organization, and why hiring and developing leaders is integral to scaling your business. 

 

Don Wenner | Real Estate Background

  • CEO and founder of DLP Capital, a high-growth IMPACT investor that leverages capital with real estate-backed investments. They focus on sectors and property types that help to address the housing affordability crisis in America. 

  • Portfolio:
    • Manages over $4B in real estate assets
  • Based in: St. Augustine, FL
  • Say hi to him at:

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Direct download: JF_2984_Don_Wenner_.mp3
Category:general -- posted at: 3:00am EDT

Satch Bernhardt is the managing principal at Bernhardt Capital, LLC, which helps airline pilots and busy professionals invest in value-add multifamily deals through real estate syndications. In this episode, he shares the steps he took to jump from wholesaling single-family homes to raising capital for multifamily syndications, the hard lessons he learned from hiring too quickly, and why he believes more pilots are looking to diversify their investments right now.

 

Satch Bernhardt | Real Estate Background

  • Managing principal at Bernhardt Capital, LLC, which helps airline pilots and busy professionals invest in value-add multifamily deals through real estate syndications.
  • Portfolio:
    • GP of 350 units
    • Fund manager for a $25M fund
    • LP of 726 doors.
  • Based in: Orlando, FL
  • Say hi to him at:
  • Best Ever Book: What It Takes by Stephen A. Schwarzman
  • Greatest Lesson: Real estate is a team sport. Collaborate with others to go far in this field.

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Direct download: JF_2983_Stach_Bernhardt.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 gives three tips on how to find investment opportunities, along with four ways to know if a particular opportunity is right for you.

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Direct download: JF_2982_Passive_Investor_Tips_16.mp3
Category:general -- posted at: 3:00am EDT

Mike Stohler is the managing partner at Gateway Private Equity, which creates and manages income-producing hotel real estate investment portfolios for investors. In this episode, he tells us why he made the switch to hotels after accumulating 1400 multifamily doors, how thinking outside the box helped him keep his hotels afloat during the pandemic, and why he is now shifting his focus to hotel development. 

 

Mike Stohler | Real Estate Background

  • Managing partner at Gateway Private Equity, which creates and manages income-producing hotel real estate investment portfolios for investors.
  • Portfolio:
    • 8 single-family rentals
    • 3 hotels
  • Based in: Scottsdale, AZ
  • Say hi to him at:

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Direct download: JF_2981_Mike_Stohler_.mp3
Category:general -- posted at: 3:00am EDT

Tony Castronovo is the founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management group that focuses on building communities that offer affordable living at higher standards. In this episode, he discusses his journey from management consulting to real estate, his new company, and the challenges he navigated with his first multifamily property. 

 

Tony Castronovo | Real Estate Background

  • Founder and managing partner of Novo Multifamily Group, a multifamily real estate investment and asset management group that focuses on building communities that offer affordable living at higher standards. 
  • Portfolio:
    • 868 units across 7 properties
  • Based in: Houston, TX
  • Say hi to him at:
  • Greatest Lesson: Who, not how. Proximity is power.

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Direct download: 1JF_2980_Tony_Castronovo.mp3
Category:general -- posted at: 3:00am EDT

Vab Jain left medical school in 1998 to become a stock broker. After serving on the Chicago Board Options Exchange for a time, he returned to school to earn his master’s degree. By 2006, he had an MBA, but no job prospects. Determined to own his own business, Vab began investing in hotels. However, one deal that didn’t work out left him with nothing. 

 

Without a home or any money, Vab returned to his hometown of Dayton, Ohio, to stay with his parents and start from scratch. He decided to turn around a hotel that his parents owned, which became the catalyst he needed to get back on his feet.

 

Today, Vab is the CEO of Athena Investments. In this episode, he shares how he was able to use creative financing for several years while he worked on improving his credit, how he has been able to adapt to an ever-changing market, and his advice for scaling in today’s economic climate. 

 

Vab Jain | Real Estate Background

  • CEO of Athena Investments. He also served on the CBOE (Chicago Board Options Exchange).
  • Portfolio:
    • GP of 200+ residential units
  • Based in: Dayton, OH
  • Say hi to him at:

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Direct download: JF_2979_Vab_Jain_.mp3
Category:general -- posted at: 3:00am EDT

Warren Dresner is the founder and managing partner at Equity Yield Group, a real estate investment and acquisition firm focused on acquiring A- and B-class multifamily assets. In this episode, he tells us how he reached $200M in AUM in just four years, why he decided to go big on his first deal, and how his mindset has helped him find success. 

 

Warren Dresner | Real Estate Background

  • Founder and managing partner at Equity Yield Group, a real estate investment and acquisition firm focused on acquiring A- and B-class multifamily assets. 
  • Portfolio:
    • GP of 2,000 units
    • LP of 2,530 units
    • $200M in AUM
  • Based in: Miami, FL
  • Say hi to him at:
  • Greatest Lesson: Being disciplined and focused in your investment strategy reduces risk, and in turn yields better ROI.

 

Direct download: JF_2978_Warren_Dresner.mp3
Category:general -- posted at: 3:00am EDT

Christina Kovacs is a residential broker and owner at Home Agency, a full-service boutique real estate brokerage in Fort Lauderdale, FL. She is also a single-family real estate investor. In this episode, she discusses how she continually pushes herself out of her comfort zone despite her introverted tendencies, how increasing her network has paid off, and her plans to begin raising capital. 

 

Christina Kovacs | Real Estate Background

  • Residential broker and owner at the Home Agency, a full-service boutique real estate brokerage in Fort Lauderdale, FL. She is also a single-family real estate investor.
  • Portfolio:
    • LP of 731 units
    • JV partner of 54 units
  • Based in: Fort Lauderdale, FL
  • Say hi to her at:

 

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Direct download: JF_2977_Christina_Kovacs.mp3
Category:general -- posted at: 3:00am EDT

Michael H. Zaransky’s family has been in the real estate business for three generations. His grandfather began by buying apartment hotels in the Chicago area in the early 1900s. Over the years, his family has pivoted within the multifamily space from purchasing existing properties to developing new ones. 

 

Today, Michael is the founder and managing principal at MZ Capital, which focuses on ground-up construction and apartment syndication. In this episode, he shares two reasons why he’s focusing on new construction suburban-style complexes, his perspective on the state of the economy and its impact on multifamily, and his predictions for the future in terms of rent growth and occupancy. 

 

“I would never, ever bet against the growth and the vibrancy of the United States economy.”

 

 

Michael H. Zaransky | Real Estate Background

  • Founder and managing principal at MZ Capital, which focuses on ground-up construction and apartment syndication.
  • Portfolio:
    • GP of 2,500 units
  • Based in: Chicago, IL
  • Say hi to him at:
  • Best Ever Book: Making It in Real Estate by the Urban Land Institute
  • Greatest Lesson: If business success were easy, everybody and his brother could do it and we would not have our edge!

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Direct download: JF_2976_Michael_H._Zaransky_.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 how passive income can be used as a way to enhance your lifestyle. He explores whether it is possible to increase your happiness with passive income by sharing his journey from being a W-2 income earner to a full-time passive investor and how it has impacted his own life.

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Direct download: JF_2975_Passive_Investor_Tips_15_.mp3
Category:general -- posted at: 3:00am EDT

Matt Kontoff left his successful 30-year career as a software engineer to pursue multifamily syndications just a couple of years ago. Today, he is the principal and founder of Redwing Capital, which focuses on multifamily syndication. He is a GP of 43 units and four duplexes and an LP of over 1,000 doors. 

 

In this episode, Matt discusses why multifamily investors should be interested in the Columbus market right now, how his skills as an engineer have transferred over to deal analysis and asset management, and how he learned firsthand that the devil is in the details. 

 

Matt Kontoff | Real Estate Background

  • Principal and founder of Redwing Capital, which focuses on multifamily syndication.
  • Portfolio:
    • GP of:
      • 43 units
      • Four duplexes
    • LP of:
      • Over 1,100 doors
  • Based in: Acton, MA
  • Say hi to him at:
  • Greatest Lesson: Pay attention to the details. Don't assume something to be true until you verify it, especially during due diligence.

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Direct download: JF_2974_Matt_Kontoff.mp3
Category:general -- posted at: 3:00am EDT

Marc Weisi spent his career working in financial markets, starting out in IT and then moving on to trading and portfolio management. Over the last five to six years, he has steadily grown his personal portfolio, eventually transitioning to the multifamily space.

 

Today, Marc is the principal at Maple Capital Partners, which invests in multifamily commercial assets in class B and C neighborhoods throughout the United States. In this episode, he shares how he and his partner gained experience by raising for other operators and co-sponsoring deals, what he has done to steadily grow his investor network, and what traits he thinks will be most important for investors to succeed in the current economic climate. 

 

“I think it’s going to be the people that are the most creative and the most willing to do what others aren’t in terms of adding value to properties. I think those are the people that are going to get the most deals under contract and do the most in terms of business over the next couple of years here.” 

 

Marc Weisi | Real Estate Background

  • Principal at Maple Capital Partners, which invests in multifamily commercial (5+ units) assets in class B and C neighborhoods throughout the United States.
  • Portfolio:
    • GP of 54 units
    • LP of 93 units
  • Based in: Jersey City, NJ
  • Say hi to him at:
  • Greatest Lesson: Your level of success will be in direct proportion to the strength of your team.

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Direct download: JF_2973_Marc_Weisi.mp3
Category:general -- posted at: 3:00am EDT

Josh Rothstein is a listing specialist at OnSite Retail Group, a commercial real estate brokerage and development company specializing in retail and restaurants. He has been a commercial realtor for 10 years, and he describes his current role as “playing  matchmaker between buyer and seller or landlord.” 

 

In this episode, he tells us what makes shopping centers succeed (or fail), how urban downtown retailers remained open and survived the pandemic, and tips for how urban core landlords can adapt and fill vacancies post-Covid. 

 

Josh Rothstein | Real Estate Background

  • Listing specialist at OnSite Retail Group, a commercial real estate brokerage and development company specializing in retail and restaurants.
  • Based in: Cincinnati, OH
  • Say hi to him at:
  • Best Ever Book: Cincinnati Enquirer
  • Greatest Lesson: Patience.

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Direct download: JF_2972_Josh_Rothstein_.mp3
Category:general -- posted at: 3:00am EDT

How a PowerPoint Helped Launch 4 Businesses ft. Mehdi Khachani

 

Mehdi Khachani moved to the United States from Morocco in 1999. He and his wife stumbled into real estate seemingly by accident — after moving into a building with unimpressive property management, they decided that they could do a better job. They presented a PowerPoint to the building owners and were promptly hired as the new property managers. 

 

Today, Mehdi is the CEO of the JMK Group, which is a vertically integrated company with a brokerage, contracting, property management, and investment team focused on multifamily syndication. In this episode, he discusses the challenges he and his wife encountered when taking on their first property, why he advises against other investors taking property management in-house, and what practices and tools give them an edge over the competition. 

 

Mehdi Khachani | Real Estate Background

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Direct download: JF_2971_Mehdi_Khachani_.mp3
Category:general -- posted at: 3:00am EDT

Rick Hale got his start in real estate in 1996 with a simple goal to sell a few houses and make a living. After his first year, he earned six figures, and after doubling his business by year four, he opened the very first Keller Williams office in Atlanta, GA. 

 

Today, Rick is the operating partner of 12 Keller Williams offices that closed on 12,000 homes in the Atlanta metro area last year. He is preparing to publish his first book and has recently taken on the new title of Chief Energy and Education Officer. 

 

In this episode, Rick shares the challenges he’s faced with finding the right people to help scale his business, the mindset shift that enabled him to prioritize and value his time, and the best practices he personally employs to remain focused, energized, and positive. 

 

Rick Hale | Real Estate Background

  • Opened the first Keller Williams office in Atlanta and now owns 12 brokerages. He is also an author and a limited partner on several commercial deals.
  • Based in: Atlanta, GA
  • Say hi to him at:

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Direct download: JF_2970_Rick_Hale.mp3
Category:general -- posted at: 3:00am EDT

Randy Langenderfer is a chief compliance and audit officer at Baylor College of Medicine who began flipping houses with his brother-in-law in 2009. After moving from Cleveland, OH, to Houston for a job opportunity, Randy began to learn about multifamily syndications. His interest was sparked, and he decided to spend a few years learning the intricacies of syndication, underwriting, and the legal aspects of it all. 

 

Today, Randy is the president of InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties. In this episode, he tells us what he sees most syndicators miss in terms of due diligence and deal analysis, what it takes to obtain a non-recourse loan, and why outsourcing is the key to scaling, growing, and protecting your time. 

 

Randy Langenderfer | Real Estate Background

  • President at InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties.
  • Portfolio:
    • GP of 787 units & recently sold an additional 139 class C units
    • LP of 3,587 units
  • Also works full-time as chief compliance and audit officer at Baylor College of Medicine
  • Based in: Houston, TX
  • Say hi to him at:
  • Greatest Lesson: The importance of good property management and of joint venturing to expand your business.

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Direct download: JF_2969_Randy_Langenderfer_.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.

“Feed your investments so one day they can feed you.”

 

In this episode, Travis explains how you can dollar-cost average, compound your investments, and build diversified passive income streams in three steps. 

 

1. Create a new bank account. 

This could be in your own individual name, the name of a trust, or an LLC. Check with your financial advisor to see what makes the most sense for you. The purpose of this bank account is to exclusively hold the real estate that you’re going to be investing in. 

 

2. Fund the account. 

This can be a lump sum that you place in the account on day one, or perhaps you want to move some cash from one account to another after a liquidity event. You could even begin funding the account through your active income. The goal is to save up enough for either the down payment on real estate you plan to purchase or the minimum investment amount if you plan to invest in syndications or private placements. 

 

3. Make an investment that produces passive income or cash flow.

With most syndications or private placements, you will likely have the option to have your cash deposited directly into your bank account. If you purchased your own real estate, you can use different apps and software to directly deposit rent payments into your account on a regular basis as well. 

 

Compounding

Because you now have distributions from your first deal sitting in your bank account, you can use them to invest in a second deal. As you continue to repeat this process moving forward, it gets easier and easier to invest as your cash continues to compound.

 

Dollar-Cost Averaging

This process is considered dollar-cost averaging because if you do one deal per year, for example, the market is likely to change from year to year. Each time you do an investment, you will inevitably buy at a slightly higher or slightly lower price than the deal before. This way, you can dollar-cost average similarly to how it is done with stocks.

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Direct download: JF_2968_Passive_Investor_Tips_14.mp3
Category:general -- posted at: 3:00am EDT

Johnny Nelson started out as a contractor and a mechanical engineer before becoming an investor and fund manager. He was motivated to get into real estate after the death of his father. The experience made him realize that he wanted to be able to pay medical expenses for his family and friends, and he knew achieving financial freedom was the key to making that possible. 

Today, Johnny is the principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager. In this episode, Johnny discusses a recent deal where he struggled to raise funds, how that experience motivated him to focus on capital raising and become a fund manager, and what he would have done differently with that deal with the knowledge he has now.

Johnny Nelson | Real Estate Background

  • Principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager.
  • Portfolio:
    • GP of 49 units
    • LP of 70 units
  • Based in: Minneapolis, MN
  • Say hi to him at:
  • Greatest Lesson: Only do things that positively impact a lot of people.

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Direct download: JF_2967_Johnny_Nelson_.mp3
Category:general -- posted at: 3:00am EDT

Pete Montgomery got his start in real estate 20 years ago working in property management. He soon realized he had a passion for commercial property management and leasing. Today, Pete is the broker of retail development at CMC Properties, where he specializes in mix-use development. CMC Properties has owned and managed thousands of apartments, offices, and retail stores. 

 

In this episode, Pete discusses why he has his sights set on suburban downtowns, why you should always take the time to introduce yourself to the city manager, when to use a broker to help fill vacancies, and how to qualify those brokers. 

 

Pete Montgomery | Real Estate Background

  • Broker of Retail Development at CMC Properties, which has owned and managed thousands of apartments, offices, and retail stores. When they select a site that they are going to build on, Pete prospects potential commercial tenants.
  • Based in: Edgewood, KY
  • Say hi to him at:
  • Greatest Lesson: Do what you say you are going to do. Fail to deliver and the customer will lose trust in you and your company.

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Direct download: JF_2966_Pete_Montgomery_.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 wide range of game-changing practices that can help entrepreneurs to be more successful. The hosts share their Best Ever advice on morning routines, accountability, productivity, goals, mentoring, coaches, and more. 

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Direct download: JF_2965_Round_Table_24.mp3
Category:general -- posted at: 3:00am EDT

Tim Kelly is the VP of Education and co-owner of Active Duty Passive Income (ADPI), which simplifies the process for active duty and veteran military members and their families to create streams of passive income. He is also the CEO and founder of Kelly Housing Group, which invests in and syndicates both residential and multifamily properties in affordable and workforce housing spaces with a focus on apartment communities, mobile home communities, RV parks, and storage facilities.

 

In this episode, he tells us what steps he took to transition from serving in the U.S. Navy to becoming a commercial multifamily syndicator, how he educates active-duty military members that want to earn passive income, and the tried-and-true elevator pitch that got him to where he is today. 

 

Tim Kelly | Real Estate Background

  • CEO and founder of Kelly Housing Group, which invests in and syndicates both residential and multifamily properties in affordable and workforce housing spaces with a focus on apartment communities, mobile home communities, RV parks, and storage facilities.
  • VP of Education and co-owner of ADPI, which simplifies the process for active duty, veteran military members, and their families to create streams of passive income.
  • Worked for 15 years in the U.S. Navy as a Chief Petty Officer.
  • Portfolio:
    • GP of 675 units
    • LP of 220 units
  • Based in: Pensacola, FL
  • Say hi to him at:
  • Greatest lesson: Always remain curious, humble, and hungry.

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Direct download: JF_2964_Tim_Kelly.mp3
Category:general -- posted at: 3:00am EDT

While Vadim Rey was serving in the U.S. Navy, he realized he wanted a different path that would allow him to give back while living life on his terms. He discovered multifamily syndications and soon learned that the bigger the project he took on, the more people he could help at once. He did his first deal in 2019 and hasn’t looked back since. 

 

Today, Vadim is the deputy director and handles investor relations at Fair Winds Capital Investments. He is also the principal at Achieve Your Dream Capital, and he is a GP of 369 units and an LP of 2,114 units. In this episode, he shares how his underwriting has changed given the current economic climate, the biggest concerns he is seeing from LPs right now, and the hardest lesson he’s learned about pushing boundaries. 

 

Vadim Rey | Real Estate Background

  • Deputy director and investor relations at Fair Winds Capital Investments, and principal at Achieve Your Dream Capital. They focus on apartment syndication.
  • Portfolio:
    • GP of 369 units
    • LP of 2,114 units
  • Based in: Las Vegas, NV
  • Say hi to him at:
  • Greatest Lesson: The more you give, the more you get, and the more you can keep giving!

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Direct download: JF_2963_Vadim_Rey_.mp3
Category:general -- posted at: 3:00am EDT

Mike Neiman is the principal attorney at Neiman Law LLC, which works on real estate legal matters with a focus on multifamily acquisitions. He is also a GP of 51 units and five duplexes. 

 

In this episode, Mike discusses common mistakes he sees both buyers and sellers make that can get them into trouble; his tips for structuring entities, deals, and personal assets; and why even the most experienced CRE investors still need an attorney. 

 

Mike Neiman | Real Estate Background

  • Principal attorney at Neiman Law LLC, which works on real estate legal matters with a focus on multifamily acquisitions.
  • Portfolio:
    • GP of:
      • 51 units (also passively invested in)
      • Five duplexes
  • Based in: Columbus, OH
  • Say hi to him at:
  • Greatest Lesson: The right partnerships can help you grow exponentially. No one can do it all by themselves.

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Direct download: JF_2962_Mike_Neiman.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 explains how passive income is the key to accumulating wealth. He provides examples of different types of passive investments you can make, highlights the top three reasons why someone might consider passive income, and uses a scenario to demonstrate how generating passive income can be truly life-changing. 

 

Types of Passive Investments

 

Passive investing doesn’t just apply to real estate. There are many different options for earning passive income:

 

  • Owning a business without actively working in that business.
  • Owning a rental property that is professionally managed by someone other than you.
  • Purchasing a dividend-paying stock where you make the investment once and just sit back and collect the dividends. 
  • Investing in real estate as a limited partner.
  • Publishing a book from which you receive royalties for years to come. 
  • Making an oil and gas investment and making profits off of oil production.
  • Lending money to someone and charging interest. 
  • Having a whole life insurance policy that is paying an annual dividend to you. 

 

3 Reasons to Consider Passive Income

 

1. Taxes

Long-term capital gains, qualified dividends, real estate — these are tax-advantaged places to put your money.

 

 

2. Time

Passive income allows you to do more of the things you love and less of the things you don’t. 

 

 

3. Scalability

It’s much easier to make more investments and keep adding to your portfolio than it is to keep adding time onto your plate and working more and more.

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Direct download: JF_2961_Passive_Investor_Tips_13.mp3
Category:general -- posted at: 3:00am EDT

Debbie Wilcox is from Honolulu, HI, where she and her husband previously owned and operated a swimming pool business. After 30 years of running their business together, they decided to act on their shared dream of becoming multifamily real estate investors. They uprooted their lives, sold their dream home, and headed for the mainland to attend conferences, network, and soak up as much knowledge as they possibly could. 

 

Today, Debbie is the managing partner of Blue Rock Capital Group, which helps investors build and generate passive income through multifamily real estate. She is a co-GP of 33 units in Idaho and an LP of 2,400 units across seven states. In this episode, Debbie tells us what inspired her to leave Hawaii in pursuit of a career in multifamily, why she is adamant about getting out of her comfort zone, and how her background in business has driven her to explore asset management. 

 

“I had to ask my husband, ‘Do you want to live in our dream home, or do you want to live our dream life?’”

 

1. Uprooting Everything to Pursue Multifamily

Debbie and her husband owned their own swimming pool business in Honolulu for 30 years before moving to California to pursue multifamily. Debbie says that thoughts of changing careers began to crop up as early as 10 years ago, but limiting beliefs prevented them from making a change. Then, one day, they stumbled upon some real estate podcasts, and they began listening. 

 

“What inspired me was listening to the stories of people that I felt were just like me — kind of feeling stuck,” Debbie says. “And maybe they were older just like myself, but they didn’t let that stop them.” 

 

She and her husband spent the next few years learning as much as they could, and when they were ready, they did the unthinkable — they sold their home and left Hawaii to set down roots on the mainland, where they could more easily attend conferences, find partners, and oversee properties.

 

2. Escaping Her Comfort Zone

Debbie is a big believer that success lies just outside of her comfort zone. She admits that networking can be a challenge for her, and even scary sometimes, but she doesn’t let that stop her. “If I’m initially scared to do something, I get a little tingly, but I think, ‘Ah, this must be right. This must be good. I’m supposed to do this.’” By applying this mindset at her first conference, she met the people who would eventually bring her in on her first deal.

 

3. A Knack for Asset Management

Debbie assumed that she and her husband would take on the role of raising capital for their deals, but much to their surprise, they developed a strong interest in asset management. “That 30 years in business looking at spreadsheets and budgets and income expenses — we find ourselves diving into that quite a bit,” she says. 

 

For the time being, they are enjoying pitching in on the asset management side of things, I think it’s good, in the beginning, to have your toes in a little bit of everything,” she says. “We really just want to learn as much as possible.” 

 

 

Debbie Wilcox | Real Estate Background

  • Managing partner of Blue Rock Capital Group, which helps investors build and generate passive income through multifamily real estate.
  • Portfolio:
    • Co-GP of 33 units in Idaho
    • LP of 2,400 units across seven states
  • Based in: Dana Point, CA
  • Say hi to her at:
  • Greatest Lesson: In the business of multifamily investing, the quality of the network of people you surround yourself with greatly correlates with the level of success you'll achieve.

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Direct download: JF_2960_Debbie_Wilcox.mp3
Category:general -- posted at: 3:00am EDT

Logan Freeman grew up in the Midwest and got his first job bailing hay at 14 years old. He quickly developed a strong work ethic that led him to excel in athletics. After a successful collegiate football career, Logan played in the NFL, but ultimately decided it wasn’t the right career path for him. Soon after returning to school to earn his master’s degree, he discovered the world of real estate investing. 

 

Today, Logan is the co-founder and chief development officer of FTW Investments LLC. He is also the managing broker for XChangeCRE, and he is a GP of 1,300 units across four states totaling $130M in AUM. In this episode, Logan discusses the progress and growth the Kansas City market is currently experiencing, how the current market factors are affecting 1031 buyer demand and seller supply, and the piece of advice he received as a college football player that he still swears by today. 

 

 

Logan Freeman | Real Estate Background

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Direct download: JF_2959_Logan_Freeman.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 a hard landing for the economy or out-of-control inflation might look like. They share their thoughts on what a recession would look like for the overall economy, how it would affect real estate in particular, and how inflation impacts real estate specifically.

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Direct download: JF_2958_Round_Table_23_.mp3
Category:general -- posted at: 3:00am EDT

Danny Spitz started his real estate career 20 years ago as an underwriter doing transactions for a middle-market Bank in Chicago. Eventually, he was able to land a mentorship from a broker, investor, and developer who showed him the real estate ropes. 

Today, Danny is the CEO and managing partner of Greenstone Partners, a brokerage that focuses on various commercial real estate properties including multifamily, industrial, mixed-use, retail, and office. He is a GP of four properties and an LP of over 12 properties across four states. In this episode, he tells us how he typically finds deals, the hardest lesson he’s learned during his 20-year run in the industry, and what he is seeing in terms of macroeconomics with real estate right now. 

 

Danny Spitz | Real Estate Background

  • CEO and managing partner of Greenstone Partners, a brokerage that focuses on various commercial real estate properties including multifamily, industrial, mixed-use, retail, and office.
  • Portfolio:
    • GP of four properties
    • LP of over 12 properties across four states
  • Based in: Chicago, IL
  • Say hi to him at:
  • Greatest Lesson: Lean on others who specialize in areas you don’t. Don’t think you can be a GP immediately. It takes years and a number of deals as a limited partner to learn.

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Direct download: JF_2957_Danny_Spitz_.mp3
Category:general -- posted at: 3:00am EDT

Joseph Cornwell started his career as a full-time police officer in 2011. Four years later, he began educating himself on all things real estate by reading books, listening to podcasts, and attending meetups. He began buying rental properties and scaling his portfolio. By 2021, he was able to retire from law enforcement and transition into a full-time real estate career. 

 

Today, Joseph is a licensed real estate agent at Ownerland Realty and a full-time real estate investor with 75 units. In this episode, he shares why he became a real estate agent before investing in properties, what made him decide to start a general contracting company, and how he planned the transition from his W-2 job to a full-time career in commercial real estate. 

 

Joseph Cornwell | Real Estate Background

    • Licensed real estate agent at Ownerland Realty and full-time investor who initially came into real estate looking for a side hustle, but was ultimately able to retire from his full-time W-2 job as a police officer.
    • Portfolio:
      • GP of 75 units
    • Based in: Cincinnati, OH
  • Say hi to him at:
  • Greatest Lesson: You have to prioritize things, and having a single-track mind is probably not the healthiest approach.

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Direct download: JF_2956_Joe_Cornwell_.mp3
Category:general -- posted at: 3:00am EDT

Jack Martin got his start in real estate by working in land development and building houses in his early 20s. He then transitioned to the apartment space, which he thought would be his long-term retirement vehicle until he discovered mobile home parks.

 

Today, Jack is the co-founder and managing partner at 52TEN, a vertically integrated firm that focuses on acquiring and improving underperforming manufactured housing communities. In this episode, he discusses the four main ways mobile home parks are excellent, recession-resistant investment options.

 

 

1. Affordability

When times get tough, mobile home parks are an affordable option for those who can no longer afford high rent payments. “The reason why most people are attracted to moving to a manufactured housing community is because it’s the most affordable living solution in America,” Jack says. “Anytime you get the most affordable option, you’re going to have a higher degree of recession resistance than anything else.”

 

2. Low Tenant Turnover

The average length of stay in manufactured housing communities is 15 years, Jack says, versus a 12- to 18-month average for apartment communities. This provides stability and consistent cash flow for property owners in the event of a recession. 

 

3. Tenants Own Their Homes

All of the tenants in Jack’s manufactured housing communities own their homes. That means that if they are hit hard in a recession, they are able to sell their home and extract enough money to get them back on their feet. If those same tenants lived in an apartment, they wouldn’t have anything of their own to sell in times of economic difficulty. 

 

4. Extra Incentive to Pay Rent

Because Jack’s tenants own their own homes, there is a major incentive to stay current on their lot rent payments. In the rare occasion that a tenant decides to default, the penalty is the forfeiture of their home. “Let’s say you own a home that’s work $50K,” Jack explains. “It doesn’t make any economic sense at all to skip a $500 monthly lot rent payment to potentially risk your $50K home.”

 

Jack Martin | Real Estate Background

  • Co-founder and managing partner at 52TEN, a vertically integrated firm that focuses on acquiring and improving underperforming manufactured housing communities.
  • Portfolio:
    • GP and LP of 1,000 sites across seven properties
  • Based in: Scottsdale, AZ
  • Say hi to him at:
  • Best Ever Book: The Secret Life of Real Estate and Banking by Phillip J. Anderson
  • Greatest Lesson: The importance of a long-term vision, and always doing the right thing.

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Direct download: JF2955_Jack_Martin.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 the 2,000-year-old philosophy of stoicism. He explains that stoicism helps you to train your mind to overcome fear, uncertainty, and obstacles along the way to becoming a better person — or, in this case, a better investor. 

 

Travis outlines three different elements of stoicism that helve helped him on his personal journey to becoming a full-time passive investor:

 

1. Learn to Focus on What You Can Control

“You have power over your mind — not outside events. Realize this, and you will find strength.” —Marcus Aurelius

 

When you are a passive investor, lots of things fall outside of your control. These include government decisions, different regulations and programs, actions taken by the Fed, weather, storms, tenant issues, and more. 

 

You can, however, focus on things that are within your control in order to simplify your investing strategy:

  • Do proper due diligence before making an investment.
  • Invest in deals that are conservatively underwritten.
  • Have proper insurance coverage on the real estate you are investing in.
  • Set aside adequate cash reserves for unexpected events.

 

2. Be Tolerant with Others

“Be tolerant with others and strict with yourself.” —Marcus Aurelius

 

Financial education is not necessarily widespread today. Most people have not taken the time, energy, and effort to become experts in investing. What might seem like common sense to you as a passive investor might not be so obvious to a neighbor, colleague, or coworker. It’s important to be understanding and forgiving of those who, as Marcus Aurelius would say, have been cut off from the truth.

 

3. You Can Be Twice as Rich by Desiring Half as Much

“By desiring little, a poor man makes himself rich.” —Democritus


It’s easy to get caught up in the success cycle, always wanting more things and more money. However, if you take a step back and think about what brings you the most happiness, you’ll likely find that many of these things are free or cost very little. It’s important to ask yourself what you're really after and how much is enough. The first episode of Passive Investor Tips covers this topic in more depth.

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Direct download: JF_2954_Passive_Investor_Tips_12.mp3
Category:general -- posted at: 3:00am EDT

Jonathan Tonks’s background is in the automotive industry. He began his studies as a mechanical engineer with the goal of following in his family’s footsteps. However, after purchasing and house hacking his first duplex, Jonathan was immediately hooked on real estate. He decided to pursue his passion through mentorship and coaching and quickly found himself on the route to commercial real estate syndications. 

 

Today, Jonathan is the managing partner at Provision Space, which specializes in multifamily syndications and raising capital. He also works full-time as a continuous improvement engineer at Magna International.

 

In this episode, he shares his biggest learning curve as a sponsor, the most valuable skill he’s developed as an apartment syndicator, and how he approaches and builds relationships with potential investors. 

 

Jonathan Tonks | Real Estate Background

  • Managing partner at Provision Space, which specializes in multifamily syndications and raising capital.
  • Portfolio: GP of 297 units
  • Works full-time as a continuous improvement engineer at Magna International.
  • Based in: Holland, MI
  • Say hi to him at:
  • Best Ever Book: Who Not How by Dan Sullivan & Benjamin Hardy
  • Greatest Lesson: Ask and you shall receive. There have been so many lessons wrapped around this concept, but this is the greatest one I've learned.

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Direct download: JF_2953_Jonathan_Tonks_.mp3
Category:general -- posted at: 3:00am EDT

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