Best Real Estate Investing Advice Ever

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

Key Takeaways:

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

Mike Holdwick | Real Estate Background

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

 

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

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

Key Takeaways:

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

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

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

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

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

 

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

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

Key Takeaways:

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

 

David Lilley | Real Estate Background

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

 

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

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

Key Takeaways:

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

 

Thomas Lorini | Real Estate Background

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

 

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Direct download: JF_3347_Thomas_Lorini_.mp3
Category:general -- posted at: 6:19am 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 dives into the different types of multifamily business plans, sharing the risks and needs of each, including core asset, core plus, value add, opportunistic, and ground up construction.

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

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

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

Key Takeaways:

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

 

Ben Bauer | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Bob Thomas | Real Estate Background

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

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

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

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

Key Takeaways:

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

 

Jay Belekar | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Andrew Freed | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Tim Little | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Kurt Weil | Real Estate Background

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

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

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

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

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

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

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

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

Key Takeaways:

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

 

Diana Lin | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Mark Hutton | Real Estate Background

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

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

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

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

Key Takeaways:

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

 

J.D. Schmerge | Real Estate Background

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

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

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

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

Key Takeaways:

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

 

Kranti Ponnam | Real Estate Background

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

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

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

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

Key Takeaways:

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

 

Mike Taddy | Real Estate Background

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

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

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

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

Key Takeaways:

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

 

Brian Shafer | Real Estate Background

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

 

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

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

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

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

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

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

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

Key Takeaways:

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

 

Dylan Koch | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Cameron Barsanti | Real Estate Background

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

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

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

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

Key Takeaways:

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

Joe Cornwell | Real Estate Background

 

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

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

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

Daniel Angel | Real Estate Background

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

 

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

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

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

Key Takeaways:

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

 

Tyler Lekas | Real Estate Background

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

 

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

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

 

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

Key Takeaways:

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

 

Joe Cornwell | Real Estate Background

 

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

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

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

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

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

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

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

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

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

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

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

Key Takeaways:

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

Darin Davis | Real Estate Background

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

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

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

 

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

 

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

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

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

Aaron Saunders | Real Estate Background

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

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

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

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

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

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

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

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

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Syndication Attorneys

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

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

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

Key Takeaways:

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

 

Darin Davis | Real Estate Background

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

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

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

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

Key Takeaways:

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

Andrew Sinclair | Real Estate Background

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

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Syndication Attorneys

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

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

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

Key Takeaways:

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

Rebekah Taylor | Real Estate Background

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

 

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Syndication Attorneys

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

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

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

Key Takeaways:

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


Derek Vickers | Real Estate Background

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

 

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

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

 

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

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

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

 

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

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

Key Takeaways:

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

Chris Giorgi | Real Estate Background

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

 

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

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

Key Takeaways:

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

Seth Tagge | Real Estate Background

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

 

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

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

 

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

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

Key Takeaways:

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

 

David Toupin | Real Estate Background

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

 

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

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

Key Takeaways:

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

 

Bruce Fraser | Real Estate Background

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

 

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

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

Key Takeaways:

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

 

Seth Teagle | Real Estate Background

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

 

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

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

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

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

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

Key Takeaways:

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

Chad Carson | Real Estate Background

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

 

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Direct download: JF_3306_Chad_Carson.mp3
Category:general -- posted at: 3:00am 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 of Beyond Multifamily, Ash Patel dissects the Fed’s recent announcement that they anticipate another rate hike in 2023 and potentially multiple additional hikes in 2024. He shares his thoughts on how this will impact lending, real estate deals, and consumer habits, and why this is not an excuse for investors to stay on the sidelines.

 

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Direct download: JF_3305_Beyond_Multifamily_-_Fed_Rate_Decision.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.

Did you know that the purchasing power of the U.S. dollar has fallen 90% since 1950? Or that it fell 7.4% between 2021 and 2022 alone? This is often painted as a bad thing for the economy, but in this episode of Passive Investor Tips, Travis Watts explains why it’s not necessarily a bad thing for real estate investors.

 

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Direct download: pit63.mp3
Category:general -- posted at: 3:08am EDT

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

In this Bonus Operations episode, Slocomb Reed shares the right questions to ask as well as the right variables and qualification criteria for rental tenants. He discusses topics like when to allow a co-signer, pet policies, how to check eviction histories, and more.

 

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Direct download: JF_3303_Slocomb_Solo_Show_-_Rental_Qualifications.mp3
Category:general -- posted at: 5:17am EDT

In this episode, we sit down with Josh Cantwell, a seasoned commercial real estate investor, and discuss his journey in the industry, his strategies for success, and the secrets to raising capital effectively. Whether you're a novice or an experienced commercial real estate investor, you're sure to find valuable insights in this conversation.

Key Takeaways:

  • The Power of Raising Capital: Josh emphasizes the importance of having a dedicated team member focused on raising capital. Building relationships and a strong online presence through various media channels, like podcasts and social media, can help attract investors. His advice: "Funding equals freedom."
  • Lessons from Co-Syndication: Josh shares a valuable lesson learned from co-syndicating deals. He stresses the importance of thoroughly vetting boots-on-the-ground operators when partnering on syndications. Failing to do so can lead to operational challenges and missed opportunities for profit.
  • Investing in Stable Markets: Josh's strategy revolves around investing in stable markets like the Midwest, focusing on C-class buildings in B-class areas. He believes in holding properties long-term for cash flow stability, often targeting a 42 to 48-month refinance period. His experience and insight into market stability are evident in his approach to real estate investing.


Josh Cantwell | Real Estate Background

  • CEO of Freeland Ventures
  • Portfolio: 
    • 3,000+ units
  • Based in: Cleveland OH
  • Say hi to him at: 
  • Best Ever Book: The Infinite Game by Simon Sinek
  • Greatest Lesson: Funding equals freedom. Someone on your team needs to be 100% dedicated to raising capital.

 

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Direct download: Jsoh.mp3
Category:general -- posted at: 8:50am EDT

Ever wondered how to thrive in the unpredictable world of commercial real estate? Get ready to uncover the secrets of success as we dive into the dynamic realm of commercial real estate investing with Drew Breneman, the mastermind behind Brenneman Capital. Drew specializes in transforming multifamily properties. Today he is leaning into core-plus investments, and he's here to share game-changing insights for today's savvy investors.

Key Takeaways:

  • Adapting to Market Volatility: Drew discusses how his company adapted to market volatility in the past few quarters, particularly in response to the Federal Reserve's actions on interest rates. He emphasizes the importance of fixed-rate debt and minimizing variables in investment strategies.
  • Market-Specific Insights: Drew provides a fascinating contrast between the performance of his Chicago and Phoenix properties. While Chicago has exceeded revenue and expense projections, Phoenix has seen slower-than-expected rent growth, highlighting the significance of understanding local market dynamics.
  • Investor Sentiment and Strategy: Drew sheds light on shifting investor sentiment in commercial real estate. He discusses the balance between seeking high IRR and opting for secure, income-generating properties with lower loan-to-values. Drew emphasizes the importance of a mindset that believes in your ability to succeed in real estate investing.

Drew Breneman | Real Estate Background

  • Founder of Breneman Capital
  • Portfolio:
    • $220MM value
    • 28 buildings: 22 multifamily in Chicago and Phoenix, 6 commercial in Minneapolis
  • Based in: Austin, TX
  • Say hi to him at:
  • Best Ever Book: Investing In Real Estate By Gary Eldred
  • Greatest Lesson: Mindset can be a huge advantage. If you believe you can do it, you can. 

 

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Direct download: JF_3301_Drew_Brenemen_.mp3
Category:general -- posted at: 4:43am EDT

Bronson Hill talks about his transition from medical device sales into multifamily real estate and other diverse investments like ATMs, car washes, and oil and gas. Hill emphasizes the importance of cash flow, risk mitigation, and seeking value-add opportunities, providing insights into various investment strategies that can generate passive wealth. The conversation explores different investment avenues, discussing their potential rewards and risks.

 

Bronson Hill | Real Estate Background

  • Founder and CEO of Bronson Equity
  • Portfolio:
    • 2,000 multifamily units
    • ATM machines
    • Car washes
    • Oil and gas
  • Based in: Pasadena, CA
  • Say hi to him at: 

 

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Direct download: JF_3261_Bronson_Hill-.mp3
Category:general -- posted at: 3:00am EDT

In this episode, we dive into the lucrative world of mobile home park investments with Jason Postill, a former professional baseball player turned real estate investor. Jason shares his journey from the sports arena to assembling a successful real estate team, all while providing valuable insights into the mobile home park investment landscape. Discover how he and his team turned vacant lots into cash-flowing assets, his strategies for financing mobile home parks, and why preserving affordable housing is a top priority.

Key Takeaways:

  • Overcoming the Track Record Challenge: Jason emphasizes that, even without a track record, it's possible to enter the competitive commercial real estate market. He highlights that their first deal was owner-financed, and they didn't need a significant track record to secure it. Building relationships with local community banks and having a solid business plan can open doors for investors, regardless of their experience.
  • Mobile Home Park Financing Strategies: Jason discusses various financing options for mobile home parks, including owner financing and working with local community banks. He shares that they often opt for owner financing, providing down payments ranging from 10% to 50%. Jason emphasizes the importance of finding financing terms that align with your investment goals and strategy.
  • Long-Term Hold Strategy and Investor Returns: While Jason's team has ambitious goals, including holding 10,000 units by 2028, they maintain a buy-and-hold strategy. They aim to refinance properties within three to five years to return capital to investors. Their typical offering includes an 8% preferred return and a 70% equity split with a seven-year hold period. This strategy allows them to maintain properties, preserving affordable housing for the long term while providing returns to investors.

 

Jason Postill | Real Estate Background

  • Managing Partner of MHCI Group
  • Portfolio: 
    • 16 mobile home parks, 749 units
  • Based in: New Smyrna Beach, Florida and Little Rock, Arkansas
  • Say hi to him at: 
  • Best Ever Book: The ONE Thing by Gary W. Keller
  • Greatest Lesson: Don't get stuck in analysis paralysis. Do your due diligence, and take action.

 

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Direct download: JF_3300_Jason_Postill_.mp3
Category:general -- posted at: 4:01am EDT

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

To VA or not to VA, that is the question. In this Bonus Operations episode, Slocomb Reed shares the pros and cons of working with virtual assistants, how he utilizes them in his apartment operations, how he onboards and trains them, and how he saves money by doing so.

 

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Direct download: slocombhe.mp3
Category:general -- posted at: 6:25am 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.

What are you doing with your time, and what is your time worth? It’s easy enough to answer the first question, but more challenging to answer the second. In this episode, Travis walks through the three step process to calculate your time value and shares how passive income can help you maximize your time to elevate your lifestyle.

 

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Direct download: JF_3297_Passive_Investor_Tips_61.mp3
Category:general -- posted at: 3:00am EDT

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

Dumpsters are more than garbage collectors. They can tell you a lot about a property and its tenants, which gives you a leg up as a potential operator. In this episode, Slocomb Reed shares the three reasons why he loves dumpsters and what they can tell you about a multifamily investment property.

 

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Direct download: dumpster.mp3
Category:general -- posted at: 3:05am EDT

Meet Jorge Abreu, a real estate visionary with over 17 years of experience. Buckle up as we explore the thrilling world of commercial real estate development, uncovering its unique challenges, and discovering the immense rewards it holds. From city hall showdowns to construction conundrums, Jorge spills the beans on what it takes to succeed in this high-risk, high-reward arena. So, are you ready to dig deep into the secrets of ground-up development?

Key Takeaways:

  • Risk and Reward in Development: Jorge emphasizes the increased risk associated with commercial real estate development, from the entitlement stage to construction. However, with the right approach and a low basis, the potential rewards can be substantial. A lower basis ensures more room for profit, making the risk worthwhile.
  • City Approvals and Entitlements: Developing commercial real estate involves navigating complex city approval processes. Jorge discusses the importance of securing approvals from city officials, zoning, and city councils. These stages can be time-consuming and challenging, requiring patience and expertise.
  • Comparing Development vs. Value-Add: Jorge sheds light on the differences in returns between development and value-add projects. While both target a 15-16% IRR, ground-up development projects generally offer higher returns on equity multiples. Understanding these variations is crucial for investors when choosing their investment strategy.

 

Jorge Abreu | Real Estate Background

  • Elevate Commercial Investment Group
  • Portfolio: 
    • Multifamily properties in TX, OK, SC, SD, FL
  • Based in: Dallas, TX
  • Say hi to him at: 
  • Best Ever Book: Traction by Gino Wickman
  • Greatest Lesson: Spreading myself too thin early on taught me to focus on growing one thing at a time before moving on.

 

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Direct download: JF_3296_Jorge_Abreu_v2_1.mp3
Category:general -- posted at: 6:24am EDT

Join us as we uncover the secrets to Clive Davis's rapid scaling in the world of commercial real estate investing. From networking epiphanies to adaptable strategies, Clive shares the key factors that propelled his journey from the corporate world to real estate riches, and how he's navigating today's dynamic market to attract investors.

Key Takeaways:

  • Networking is Paramount: Clive emphasizes the transformational power of networking in real estate. He shifted his perception from underestimating networking during his corporate career to recognizing its pivotal role in building a successful real estate investing business.
  • Adaptation is Key to Success: Clive's ability to adapt to different deal structures and opportunities has been instrumental in his rapid scaling. He discusses how being open to non-traditional deals, like HUD loan assumptions, and offering compelling terms to investors can make all the difference in today's competitive market.
  • Teamwork Facilitates Scaling: Clive's journey is a testament to the value of strong partnerships and teams. He highlights how collaboration with partners who have expertise in specific markets or deal types allowed him to venture into new territories and successfully scale his real estate investments.

 

Clive Davis | Real Estate Background

  • Founding Principal, Park Royal Capital
  • Portfolio:
    • 750 MF GP units
    • 2,000 LP MF units
    • 90 acre development and 142 MF unit development
  • Based in: Atlanta, GA
  • Say hi to him at: 
  • Best Ever Book: Will by Will Smith
  • Greatest Lesson: The only thing holding us back is fear of the unknown.

 

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Direct download: Clive.mp3
Category:general -- posted at: 2:53am EDT

In this episode, seasoned real estate investor Jonathan Twombly takes us on a journey through the world of independent hotel investments. With over a decade of experience, he shares his insights on finding, renovating, and managing these unique real estate assets.

Key Takeaways:

  • Unique Opportunities in Independent Hotels: Independent hotels in smaller markets can often be found listed on platforms like LoopNet and Crexi, providing unique investment opportunities. Brokers specializing in these assets may list them on such platforms to broaden their reach. This accessibility can make finding these opportunities easier compared to larger, branded hotels.
  • The Power of Hands-On Experience: To truly understand the hotel business, Jonathan emphasizes the importance of taking action and gaining hands-on experience. Learning by doing, making offers, walking properties, and engaging in real deals can provide invaluable knowledge and insight.
  • Creative Strategies for Hotel Investments: Jonathan's experience showcases the potential for transforming older, undervalued properties into thriving businesses by applying creative strategies. He highlights the value of market research, renovations, and understanding the local economy to maximize revenue and returns.

 

Jonathan Twombly | Real Estate Background

  • Managing Member - Two Bridges Asset Management LLC
  • Portfolio:
    • One hotel
    • Co-GP in 2,400 apartment units
  • Based in: Brooklyn, New York
  • Say hi to him at: 
  • Best Ever Book: Who Not How by Dan Sullivan
  • Greatest Lesson: Step away from your computer, and get out into the real world. You will learn multiples by taking action than you ever did from research.

 

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Direct download: JF_3293_Jonathan_Twombly.mp3
Category:general -- posted at: 4:33am EDT

Ever dreamed of achieving financial freedom through real estate investing? Join us as we uncover the secrets of Mel and Dave Dupuis's extraordinary journey. With over 240 units across five countries, they've mastered the art of creative financing and portfolio diversification, all without their own capital or joint venture partners.

Key Takeaways:

  • The Power of Creative Financing: Mel and Dave's journey began with traditional real estate investing, using their own funds. However, they soon realized that working multiple jobs wasn't the path to financial freedom. Creative financing became their game-changer. They discussed using secured funds like 401(k) and RRSPs, promissory notes, and owner financing to acquire properties with minimal risk and maximum returns.
  • Expanding Across Borders: The duo shared their motivation for venturing into different countries, such as Canada, the US, Costa Rica, Mexico, and the Dominican Republic. Their aim was to diversify their portfolio, manage risk, and enjoy the perks of traveling. By implementing their creative financing strategies in international markets, they've successfully continued to grow and thrive.
  • Adapting to Changing Markets: As seasoned investors, Mel and Dave discussed how they stay ahead of market changes. They emphasized the importance of researching secondary and tertiary markets, like those in Alberta, Texas, and Florida, which offer higher cap rates and cash flow potential. They also highlighted the growing interest from investors with registered funds, looking for stable, real estate-backed returns in today's uncertain economic climate.

 

Mel and Dave Dupuis | Real Estate Background

  • Real estate investors and mentors with “The Action Family”
  • Portfolio:
    • 240+ multifamily units solely owned in 5 countries
  • Based in: North Bay, Ontario
  • Say hi to them at: 

 

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Direct download: JF_3293_Melanie_and_Dave_Dupuis.mp3
Category:general -- posted at: 7:42am EDT

This episode is the audio from our August 2023 meetup in which host Slocomb Reed guides a panel of short-term rental investment experts. The panel, which includes Danny Henry of Liberty Hill Rentals, Sarah Karakaian of Stay a While Hosting Co., and Yiwei Chang of Pink Cash Cow Property Management, talks about the latest in the short term rental market - what amenities are hot right now, how to deliver great experiences to guests, and how to scale your portfolio.

 

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Direct download: JF_3292_August_Meet_Up.mp3
Category:general -- posted at: 3:00am EDT

Ever wondered how a corporate setback transformed into a self-storage success story? From unexpected career shifts to pioneering self-storage strategies, get ready to unravel the journey of Tom Dunkel, the Chief Investment Officer at Bellrose Storage Group, a seasoned investor who turned challenges into opportunities, all while carving a niche within a niche. Discover the untapped potential of contractor storage and flex space markets, and glean insights into building a powerhouse team that drives commercial real estate success.

Key Takeaways:

  • Niche within a Niche: Contractor Storage and Flex Space: Tom discusses the benefits of offering climate-controlled flex industrial units with amenities like electricity and security features to attract contractors and businesses.
  • Investor Insights: Building a Solid Team and Finding Deals: Tom emphasizes the importance of assembling a strong team and building a network of experts and partners. Tom also offers advice on seeking out mastermind groups, investor meetups, and networking opportunities to connect with potential team members and partners.
  • Lessons from Self-Storage Success and Pivoting Strategies: Tom shares the pivotal lessons learned from transitioning from the corporate world to entrepreneurship, including facing challenges head-on. He also shares strategies for success in self-storage, such as seeking niche opportunities, embracing value-add strategies, and aligning investments with high net worth investors.

 

Tom Dunkel | Real Estate Background

  • Chief Investment Officer, Belrose Storage Group
  • Portfolio:
    • 11 self storage facilities across 7 states
  • Based in: Wayne, PA
  • Say hi to him at: 
  • Best Ever Book: Who Not How by Dan Sullivan
  • Greatest Lesson: Be intentional about who you choose to be on your team and who you choose to partner with.

 

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Direct download: JF_3291_Tom_Dunkel_.mp3
Category:general -- posted at: 3:51am 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 reviews the basics of multifamily syndication - how it works, who the key players are, and the terms you need to know as an LP. He then walks through a full cycle business plan to see how much you could make by investing $100,000. 

 

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Direct download: JF_3290_Passive_Investor_Tips_60.mp3
Category:general -- posted at: 3:00am EDT

Ever wondered how to secure multi-million dollar acquisitions in the competitive world of commercial real estate? Join us as we unlock the strategies and insights behind Bryant Dawson's remarkable journey. He's the mastermind behind a multi-property deal worth over $50 million, and in this interview, he's sharing his playbook on successful capital raising, property evaluation, and forming strategic partnerships. 

Key Takeaways:

  • Effective Capital Raising: Bryant discusses his multi-property acquisition worth over $50 million and delves into the nuances of effective capital raising in today's market. 
  • Property Evaluation and Due Diligence: From on-site inspections, drone flyovers, and underwriting, discover the essential steps his team takes to ensure the success of their investments.
  • Strategic Partnerships and Institutional Quality: Bryant highlights the concept of institutional quality assets, offering a comprehensive overview of what distinguishes such properties and how they attract institutional investors.

 

Bryant Dawson | Real Estate Background

  • CEO of Ingram Capital, a real estate investment company that provides affordable housing for tenants while maximizing returns for investors.
  • Portfolio:
    • Single-family and multifamily properties 
  • Based in: Sedalia, MO
  • Say hi to him at: 
  • Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
  • Greatest Lesson: Get started as soon as possible, and find a mentor.

 

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Direct download: JF_3289_Bryant_Dawson.mp3
Category:general -- posted at: 3:03am EDT

Are your real estate investments in jeopardy due to a hidden tax? Join us as we dive into the world of real estate taxation with Keith Fromm, a seasoned attorney, litigator, and real estate developer with over 40 years of experience. Based in Los Angeles, Keith exposes the shocking reality of the ULA tax, a controversial property tax that's causing waves in the industry. From misleading labels to its wide-ranging impact, discover how Keith is taking the fight against this unfair tax to the courts and why it matters to your investments.

Key Takeaways:

  • Understanding the ULA Tax: Keith breaks down the ULA tax, a seemingly deceptive policy sold to the public as a "mansion tax," but in reality, it applies to all types of real estate transactions over certain thresholds. Discover the implications of this tax, from its high rates to its retroactive nature, and how it's affecting the real estate market in Los Angeles.
  • Constitutional Challenges and Legal Approach: Keith sheds light on the various constitutional violations posed by the tax, from equal protection to freedom of speech, and explains how these challenges are being pursued through litigation. Learn how his efforts are not only focused on overturning the tax but also on creating a precedent that protects property rights.
  • Real Estate Development Insights: Beyond the legal battle, Keith shares his journey as a real estate developer and the lessons he's learned from his experiences, from adapting to changing demographics to leveraging marketing strategies tailored to specific audiences.

 

Keith Fromm | Real Estate Background

  • Real Estate Attorney and Litigator
  • Based in: Los Angeles, CA
  • Say hi to him at: 
  • Best Ever Book: Great Expectations by Charles Dickens
  • Greatest Lesson: Don't give up, and keep fighting. It will not only benefit you in the end, but thousands of others as well.

 

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Direct download: JF_3288_Keith_Fromm.mp3
Category:general -- posted at: 3:20am EDT

Ready to unravel the secrets of successful multifamily real estate investing? Dive into a captivating discussion with Reid Bennett, a multifamily industry veteran with over 22 years of experience. Explore multifamily strategies, lender insights, and market dynamics that can reshape your investment approach and maximize your gains.

Key Takeaways:

  • The Power of Networking in Commercial Real Estate: Learn how to effectively build relationships with brokers and other key players in the industry, and discover the importance of demonstrating your legitimacy as a buyer.
  • Insights into Distressed Assets and REO Properties: Delve into the world of distressed multifamily assets and Real Estate Owned (REO) properties. Bennett provides valuable advice on how to approach lenders, manage properties in receivership, and navigate the challenges posed by insurance rates and market uncertainties.
  • Strategies for Real Estate Success and Economic Trends: Gain valuable insights into the current economic landscape, lending trends, and rate forecasts. Bennett shares his thoughts on conservative underwriting, the impact of rising interest rates, and the potential benefits of seller financing in today's market conditions.

 

 

Reid Bennett | Real Estate Background

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

 

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Direct download: JF_3287_Reid_Bennett_.mp3
Category:general -- posted at: 3:00am EDT

Ever wondered how a former NFL player transitioned from the football field to thriving in the world of multifamily real estate? Get ready to uncover the playbook of Yannik Cudjoe-Virgil as he shares his remarkable journey from the gridiron to becoming a successful real estate investor. From leveraging relationships to capital raising tactics, Yannik reveals the game-changing strategies that propelled him to success in the commercial real estate arena.

Key Takeaways:

  • The Power of Relationships and Networking: Yannik shares insights into how his background in the NFL and his connections within the sports community opened doors for capital raising and partnerships.
  • Lessons in Partnerships and Operations: Yannik shares the benefits of having a reliable partner who complements your skills and expertise in multifamily investing. He discusses the challenges and lessons learned from operating smaller multifamily properties and the importance of building a scalable infrastructure for growth.
  • Effective Deal Sourcing and Broker Relationships: Yannik shares his strategy for sourcing deals through direct broker relationships, focusing on becoming a preferred buyer. He provides advice on providing honest and constructive feedback to brokers when evaluating potential deals.

 

 

Yannik Cudjoe-Virgil | Real Estate Background

  • Principal at Merlynn Acquisitions, which focuses on value-add Class C apartments in Baltimore
  • Portfolio:
    • GP in 69 units
  • Based in: Baltimore, MD
  • Say hi to him at: 
  • Best Ever Book: The Power of Now by Eckhart Tolle
  • Greatest Lesson: The importance of building your infrastructure as early as possible to scale seamlessly.

 

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Direct download: JF_3286_Yannik_Cudjoe-Virgil_.mp3
Category:general -- posted at: 3:00am EDT

Are you a commercial real estate investor looking to uncover hidden opportunities in the market? In this episode, Slocomb Reed interviews Anthony Scavo, President and COO of Basis Industrial, a vertically integrated real estate owner operator. Join us as Anthony shares his insights into the world of multi-tenant industrial properties and how Basis Industrial successfully pivoted their strategy. From supply-demand imbalances to adapting in a changing market, this episode provides valuable advice for investors aiming to make informed decisions.

Key Takeaways:

  • Navigating Shifting Markets: Discover how Basis Industrial's pivot from self-storage to multi-tenant industrial properties was driven by recognizing supply-demand imbalances and adapting to changing market conditions.
  • Investment Strategies: Anthony discusses the importance of positive leverage and finding properties that align with market trends. He highlights the significance of patient and strategic investment decisions in the current market environment.
  • Learning from Mistakes: Learn from Basis Industrial's experiences as Anthony shares a key lesson about the importance of having backup plans and not repeating the same mistake twice. Find out how a nimble approach to staffing can mitigate challenges and setbacks.

 

 

Anthony Scavo | Real Estate Background

  • President and COO of Basis Industrial
  • Portfolio:
    • Self-storage, Industrial, Retail, Office and Residential
    • Over $750MM in AUM
  • Based in: Boca Raton, FL
  • Say hi to him at: 
  • Best Ever Book:  Made in America by Sam Walton
  • Greatest Lesson: When a mistake is made, don't panic, learn from it to make sure it doesn't happen again.

 

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Direct download: JF_3285_Anthony_Scavo_.mp3
Category:general -- posted at: 3:25am 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 walks through a three step process to design an optimal lifestyle. By analyzing your life to identify its pains and pleasures, you can use passive income to amplify the former and minimize the latter. 

 

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Direct download: JF_3282_Passive_Investor_Tips_59.mp3
Category:general -- posted at: 5:16am EDT

Curious about the secrets behind building an engaged community that supercharges your investment journey? Look no further. Join us as we unlock the vault of capital raising expertise and community cultivation with Colm McEvilly. Get ready to dive deep into the art of strategic decision-making and the transformative power of community connections in the dynamic landscape of commercial real estate.

Key Takeaways:

  • The Crucial Role of Decision-Making Processes: Colm emphasizes the significance of evaluating deals, risk assessment, and aligning investments with personal goals, offering listeners a comprehensive framework for making informed investment decisions.
  • The Power of Building a Community: Colm shares personal experiences of how local meetups and virtual networks can provide a platform for knowledge exchange, relationship-building, and fostering trust among investors.
  • Art and Science of Capital Raising: Colm provides a behind-the-scenes look at how capital raisers connect accredited investors with investment opportunities. He explains various compensation structures and the importance of clear communication with investors. 

 

 

Colm McEvilly | Real Estate Background

  • Investor advocate at TGA Investment Partners, which focuses on long-term hold investments.
  • Portfolio:
    • 24 syndications: 7 passive, 10 active
    • A few exits
  • Based in: Sacramento, CA
  • Say hi to him at: 
  • Best Ever Book: The Will to Change by Bell Hooks
  • Greatest Lesson: Version One is better than Version None. You can't course correct if you are not on course.

 

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Direct download: JF_3282_Colm_Mc_Evilly_.mp3
Category:general -- posted at: 4:33am EDT

Are you missing out on lucrative opportunities in the world of commercial real estate? Join Ash Patel as he unlocks the secrets of farmland and timberland investing with Carter Malloy, the CEO of AcreTrader. Discover how these often-overlooked asset classes can offer stability and unique benefits for savvy investors looking to diversify their portfolios. From the surprising lack of competition to the strategies for identifying prime land for cultivation or development, this conversation reveals essential insights for commercial real estate enthusiasts.

Key Takeaways:

  • Diversification Beyond Traditional Real Estate: Learn how farmland and timberland investing offer an alternative investment avenue, providing stable returns and low volatility compared to other commercial real estate assets.
  • Operational and Risk Factors: Understand the nuances of investing in land, including factors such as location, crop types, climate risks, and tenant dynamics, which can significantly impact investment outcomes.
  • Technology and Transparency: Explore how platforms like AcreTrader are revolutionizing the farmland investment landscape, providing data-driven insights, easy access, and reduced barriers for investors interested in this unique asset class.

 

 

Carter Malloy | Real Estate Background

  • CEO and founder of AcreTrader, a farmland investment platform where accredited investors can fractionally own shares of farmland.
  • Portfolio:
    • Row crops
    • Permanent crops
    • Timberland
  • Based in: Fayetteville, AR
  • Say hi to him at: 
  • Best Ever Book: No Rules Rules by Reed Hastings
  • Greatest Lesson: Be patient with your deals, and hold long enough to maximize profits.

 

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

Joseph DelleFave, a seasoned real estate investor, takes us deep into the world of creative financing strategies for commercial real estate investors. Joseph shares his expertise on finding and structuring deals using unique methods that often fly under the radar. He covers a range of topics from leveraging Facebook groups to generate off-market leads to the intricacies of non-recourse debt and land trusts. This episode is a goldmine of practical advice for commercial real estate investors looking to expand their toolkit and capitalize on unconventional financing opportunities.

Key Takeaways:

  • Leveraging Facebook Groups for Off-Market Leads: Joseph reveals his approach to sourcing off-market leads by tapping into the power of Facebook groups, enabling him to target any market across the country quickly and efficiently. With a well-crafted message, Joseph generates free leads by posting in these groups and engaging with potential sellers.
  • Unlocking the Potential of Creative Financing: Joseph delves into the world of creative financing, a strategy that enables investors to acquire properties without the traditional hurdles of bank loans or cash purchases. He discusses the importance of non-recourse debt and explains how he structures deals to retain the seller's mortgage in their name. Joseph also sheds light on the benefits of using land trusts for privacy and legal protection.
  • Navigating Challenges and Opportunities: The conversation explores the potential challenges and benefits of creative financing. Joseph shares his insights on addressing seller concerns, dealing with lenders, and educating title companies and attorneys. He emphasizes the significance of transparent communication and the role of legal experts to ensure smooth transactions and avoid pitfalls.

 

Joseph DelleFave | Real Estate Background

  • Co-creator of the Creative Finance Playbook
  • Portfolio:
    • Rent-to-own homes
  • Based in: Tampa, FL
  • Say hi to him at: 
  • Best Ever Book: Think and Grow Rich by Napoleon Hill
  • Greatest Lesson: So many of your biggest challenges are mental. If you can free yourself of those struggles, you can really start to harness your potential.

 

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Direct download: Joseph_DelleFave.mp3
Category:general -- posted at: 2:49am EDT

Ever wondered how to effectively manage your rental properties while sipping margaritas on a tropical beach or serving overseas? Get ready to unlock the secrets of remote property management with Dave Spooner, co-founder of Innago. From handling vacation getaways to military deployments, Dave spills the beans on strategies to successfully self-manage your commercial real estate investments.

Key Takeaways:

  • Effective Remote Management Techniques:
    • Dave emphasizes the importance of having boots on the ground when you're unable to physically manage your properties.
    • He explains how Innago's platform facilitates remote property management by enabling users to give access to trusted individuals, coordinating maintenance, handling tenant inquiries, and more.
  • Prioritizing Tenant Experience and Communication:
    • Dave highlights the common mistake of landlords neglecting tenant communication and its impact on tenant satisfaction.
    • He offers insights into maintaining strong tenant relationships through transparent communication, setting expectations, and even thoughtful gestures like providing cleaning supplies or gift cards.
  • Tailoring Management to Specific Scenarios:
    • With scenarios ranging from vacation trips to military deployments, Dave explains how Innago adapts to different property management needs.
    • He discusses the importance of having a reliable representative on the ground and how Innago's multi-user access feature supports remote management by granting controlled access to designated individuals.

Dave Spooner | Real Estate Background

  • Co-founder of Innago
  • Portfolio:
    • 8 units, two triplexes and a duplex in Cincinnati area
  • Based in Cincinnati, OH
  • Say hi to him at: 

 

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Direct download: JF_3280_Dave_Spooner_.mp3
Category:general -- posted at: 6:22am EDT

Are you confident you're not unintentionally stepping into legal quicksand while raising capital for your real estate ventures? Join us in this episode as we unravel the intricacies of capital raising and joint ventures in the world of commercial real estate. Securities attorney Nic McGrue sheds light on the critical nuances, dispels common myths, and reveals strategies to ensure your investments are both lucrative and legally sound.

Key Takeaways:

  • Demystifying Securities Laws: Nic breaks down the triggers for securities regulations and underscores the importance of compliance, providing a roadmap to navigate this complex landscape with confidence.
  • Joint Ventures vs. Syndications: Uncover the real differences between joint ventures and syndications, understanding how each structure impacts decision-making, investor relations, and risk mitigation.
  • Strategies for Success: Learn ingenious methods to entice investors, from exclusive perks to stress-testing deal numbers, ensuring you're prepared for both favorable and challenging scenarios.

Nic McGrue | Real Estate Background

  • Securities attorney at Polymath Legal PC
  • Portfolio:
    • Helped with over $2B worth of transactions and raises
  • Based in: Inglewood, CA
  • Say hi to him at: 
  • Best Ever Book: Limitless by Jim Kwik
  • Greatest Lesson: Keep going.

 

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

Ready to unlock the secrets of successful retail outparcel investments? Join us as Slocomb Reed sits down with Josh Weiner, a seasoned commercial real estate professional specializing in retail outparcel leasing and sales. Together, they dive deep into the world of outparcel investment strategies, revealing how both tenants and landlords can maximize their returns in the competitive retail sector.

Key Takeaways:

  • Factors Influencing Outparcel Appeal: The size of the outparcel is crucial, with ideal sizes ranging from half an acre to two acres. Visibility and access play a significant role in the desirability of an outparcel, with high-traffic locations commanding higher rents. Understanding the local market comps and zoning regulations helps investors make informed decisions about potential outparcels.
  • Strategies for Tenant-Landlord Alignment: Tenants' preferences for ground leases or purchases are often based on their business plans and capital conservation goals. National brands like Starbucks and Chipotle may opt for build-to-suit arrangements, while publicly traded companies often choose ground leases to manage immediate financial reporting.
  • Market Demand and Cycle Effects: Despite the market's cyclical nature, the demand for outparcels remains robust, driven by post-COVID recovery and steady business expansion plans. Outparcels located in high-traffic areas with strong visibility continue to attract tenant interest, supporting long-term investment prospects.

 

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Direct download: Josh_Weiner.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.

It shouldn’t be a surprise to hear that the middle income is shrinking. Gross incomes over the past 50 years have not increased at the same rate as real estate and the overall cost of living. But having an investing versus a saving mentality can protect you in the longterm from falling behind. In this episode, Travis dives into the statistics from the past 50 years to show the eroding effect of inflation.

 

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Direct download: 3276.mp3
Category:general -- posted at: 3:00am EDT

Ever wondered how a military background could shape a successful commercial real estate journey? Get ready to dive into the captivating story of Michael Barnhart, co-founder of AdventurousREI. From Air Force officer to savvy real estate investor, Michael shares how he and his partner managed properties while globe-trotting, tackled unexpected challenges, and achieved remarkable success in the world of commercial real estate.

Key Takeaways:

  • The Power of Networking and Mentorship: Michael emphasizes the importance of networking and mentorship in real estate success. He found his mentor by attending virtual networking events and openly sharing his investment goals, leading to invaluable guidance and partnership opportunities.
  • Effective Property Management Strategies: Michael reveals insights into managing properties efficiently, particularly during challenging situations. From handling multiple issues simultaneously to implementing daily routines and using project management tools, he highlights the importance of organization and staying adaptable.
  • Balancing Business and Personal Relationships: Michael and his spouse work together in both business and personal capacities. He offers advice on maintaining a successful partnership, including defining clear roles, staying in one's "swim lane," and fostering open communication to ensure harmony in both aspects of life.

 

 

Michael Barnhart | Real Estate Background

  • Founder of Adventurous Real Estate Investors
  • Portfolio:
    • 604 Multifamily Units and Short Term Rentals
  • Based in: Dayton, OH
  • Say hi to him at: 
  • Best Ever Book: The Slight Edge by Jeff Olson
  • Greatest Lesson: Mentors are the key to growth.

 

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

Ready to unlock the secrets of real estate syndications and take your investment game to the next level? With nearly $3 billion of security offerings drafted under her belt, Kim spills the beans on setting up syndications, compliance mastery, and strategies for syndicating with success. From newbie investors to seasoned pros, get ready to revolutionize your syndication approach!

Key Takeaways:

  • Learning the Rules of Syndication: Kim's analogy of learning to drive shines a light on the importance of mastering the legal rules of syndication to confidently navigate the landscape and drive deals to success.
  • Preferred Returns and Deal Analysis: Delve into the world of preferred returns with Kim and discover the magic number for cash-on-cash returns that makes investors sit up and take notice — it's not what you think!
  • Long-Term Hold Strategies: Uncover the wisdom behind aligning investor interests with realistic hold periods, and get the lowdown on market shifts that are influencing syndicators' strategies.

 

 

Kim Lisa Taylor | Real Estate Background

 

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Direct download: JF_3275_Kim_Lisa_Taylor_.mp3
Category:general -- posted at: 3:00am EDT

Ever wondered how a rocket scientist turned real estate syndicator cracks the code of profitable commercial real estate investments? In this episode, Slocomb Reed sits down with Chad Zdenek, an industry veteran who's leveraging his out-of-this-world background to navigate the complexities of the market and share his invaluable insights with listeners.

Key Takeaways:

Diverse Market Strategies for Success:

  • Chad Zdenek emphasizes the significance of investing in the right markets and building solid partnership teams to succeed in commercial real estate.
  • By choosing partners based on their local expertise, Chad has ventured into markets such as Texas, Alabama, Florida, North Carolina, and Southern California. He explains how trusting the right teams has enabled him to tackle various challenges and navigate different markets effectively.

Balancing Risk and Return with Value-Add Investments:

  • Chad shares how his background in construction has driven his focus on value-add opportunities. He discusses the importance of a value-add component in uncertain markets, providing a buffer against market fluctuations and creating forced appreciation.
  • He offers insights into the need to be cautious with debt, especially in the current market environment. Chad highlights the benefits of securing longer-term fixed debt and leveraging interest rate caps to mitigate risks.

Taking a Holistic Approach to Investment Metrics:

  • Chad offers a fresh perspective on investment metrics, stressing the need to consider risk profiles alongside return percentages. He explains how a lower IRR deal can sometimes outperform a higher IRR deal due to various market dynamics and assumptions.
  • He shares the importance of diversification within real estate asset classes, recounting his journey from exclusively multifamily properties to branching into self-storage investments. Chad's adaptable approach showcases the value of understanding different asset subclasses to optimize a real estate portfolio.

 

Chad Zdenek | Real Estate Background

  • Real estate syndicator, investor, and founder of CSQ Properties, which acquires, repositions, and manages apartments and self storage properties across the United States.
  • Portfolio:
    • Almost $200MM in AUM
  • Based in: Los Angeles, CA
  • Say hi to him at: 
  • Best Ever Book: The One Thing by Gary Keller
  • Greatest Lesson: The most important trait a real estate investor should have is a long-term investment horizon.

 

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

This episode is the audio from our July 2023 meetup in which Cincinnati Meetup host Slocomb Reed discusses how to adjust your investing strategy depending on your goals. He also shares how he delegates tasks to others vs. what decisions he keeps for himself in order to protect those goals and scale his business.

 

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

Dave Foster is the CEO and founder of The 1031 Investor, which helps real estate investors navigate tax-saving strategies within the 1031 exchange. In this episode, Dave shares invaluable ways to use the 1031 exchange to exponentially increase your wealth and navigate the often complicated world of real estate investing. 

 

Dave Foster | Real Estate Background

 

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

Tony Lopes is the CEO of Dirty Boots Capital, which focuses on helping clients achieve more freedom, wealth, peace, and certainty. In this episode, Tony discusses how he utilized real estate investing to retire at 44 years old and the lessons he’s learned along the way. He reflects on the value of knowing your own strengths and using the power of networking in an industry where most people share their knowledge for free.

 

Tony Lopes | Real Estate Background

  • Best Ever Book: Who Not How by Dan Sullivan
  • Greatest Lesson: Once you've learned something, put a system in place and move onto the next thing you need to learn.

 

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Direct download: JF_3271_Tony_Lopes.mp3
Category:general -- posted at: 4:05am 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.

Using leverage means using other people’s money to buy an investment property. How do you decide what’s best for your financial future? In this episode, Travis weighs the pros and cons of using leverage to acquire investment properties and discusses how to make your decision depending on your investing goals.

 

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Direct download: JF_3269_Passive_Investor_Tips_57.mp3
Category:general -- posted at: 3:06am EDT

Ever wondered how to turbocharge your real estate portfolio by strategically merging two seemingly different asset classes? In this episode, Cody Laughlin reveals his powerful insights into the symbiotic relationship between multifamily and industrial investments. Discover how Cody harnessed the combined potential of these two worlds to create a robust and diversified investment strategy, ensuring both cash flow and long-term growth. Learn from his journey as he shares tactics on navigating new asset classes, forging connections, and elevating your credibility in the ever-evolving market landscape.

Key Takeaways:

  • Diversifying With Purpose: Cody unveils his innovative approach of blending industrial real estate investments with multifamily properties to harness higher cash flow without compromising future returns.
  • Credibility Through Track Record: Leveraging his multifamily expertise, Cody demonstrates how to break into new asset classes by capitalizing on existing success and aligning with industry experts.
  • Keep it Simple: Cody's mantra emphasizes the power of simplicity and exceptional customer experiences to navigate market uncertainties and build lasting investment success.

 

 

Cody Laughlin | Real Estate Background

  • Co-founder of Blue Oak Capital
  • Portfolio:
    • 950 multifamily units
    • 350K sq. ft. industrial
  • Based in: Houston, TX
  • Say hi to him at: 
  • Best Ever Book: The One Thing by Gary Keller
  • Greatest Lesson: Never buy a floating rate deal without a rate cap.

 

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Direct download: JF_3270_Cody_Laughlin_1_.mp3
Category:general -- posted at: 6:52am EDT

Are you tired of juggling endless tasks in your commercial real estate business? Wondering if there's a way to boost productivity without burning out? Join Ash Patel as he sits down with Bob Lachance, founder of Reva Global, to uncover the game-changing potential of virtual assistants. Discover how these dynamic assistants can revolutionize your workflow, from lead generation to administrative duties, allowing you to focus on what truly matters: scaling your commercial real estate empire.

Key Takeaways:

  • Start Small, Gain Confidence: Virtual assistants (VAs) can significantly enhance your business efficiency, but starting with one VA and gaining confidence is often the best approach. Gradually add more VAs as you identify specific tasks that can be outsourced effectively.
  • Clear Task Identification: Successful utilization of VAs hinges on precisely defining the tasks you want them to handle. Categorize income-producing tasks from non-income-producing ones and offload the latter. Remember, even if a VA performs at 80% of your level, the time saved can significantly grow your business.
  • Avoiding Burnout and Overcoming Skepticism: Monitoring burnout is crucial, but VA tasks are typically specialized and structured, which can prevent burnout in comparison to monotonous assembly line work. Skepticism about VAs can be countered by giving it a try, ensuring clarity on the tasks you need assistance with, and utilizing tracking metrics if necessary.

 

Bob Lachance | Real Estate Background

Bob Lachance is the founder and CEO of Reva Global, a trailblazing virtual assistant training and staffing company that caters to real estate professionals. Bob is also at the helm of PurchRock, specializing in property acquisitions across Connecticut, Massachusetts, and Rhode Island.

  • CEO and founder of REVA Global and PurchRock
  • Portfolio:
    • Flipping
    • Syndications
  • Based in: West Hartford, CT
  • Say hi to him at: 
  • Best Ever Book: The Compound Effect by Darren Hardy
  • Greatest Lesson: Don't get shiny object syndrome!

 

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Direct download: JF_3268_Bob_Lachance_.mp3
Category:general -- posted at: 6:18am EDT

Joshua Meyer is the founder of Meyer REI, which creates win-win opportunities between the company and those struggling with foreclosure. In this episode, Joshua gives a step-by-step process for approaching direct-to-seller financing and shares some of the pain he endured by scaling his portfolio and his team too quickly.

 

Joshua Meyer | Real Estate Background

  • Founder of Meyer REI
  • Portfolio:
    • 36 units buy-and-hold multifamily
    • Does 3–5 wholesale flips per month
  • Based in: Milwaukee, WI
  • Say hi to him at: 
  • Best Ever Book: The Book on Rental Property Investing by Brandon Turner
  • Greatest Lesson: If you're in the middle of a project with contractors, you have to be a part of that project. Be there every day. Because they will try to get one over on you if you let them.

 

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Direct download: JF_3267_Joshua_Meyer_.mp3
Category:general -- posted at: 3:00am EDT

Andy McQuade is the principal at The ARM Companies, which provides consulting and advisory services for individuals and businesses working in the real estate industry. In this episode, Andy discusses the biggest mistakes operators make when dealing with construction on investment projects. He also shares expert recommendations on saving big on development deals, and what not to do when dealing with suppliers.

 

Andy McQuade | Real Estate Background

  • Principal at The ARM Companies
  • Portfolio:
    • Self-storage 
  • Based in: Rochester, NY
  • Say hi to him at: 
  • Best Ever Book: Never Split the Difference by Christopher Voss
  • Greatest Lesson: Just get started, and live below your means. Spend your 20s working your tail off at a W-2, and invest your money. It’s the best thing you can do.

 

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Direct download: JF_3266_Andy_McQuade_.mp3
Category:general -- posted at: 7:00am EDT

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

In this episode, Joe unravels the wisdom found in "The Wealthy Gardener" by John Soforic, delving into the parables and teachings that cultivate a prosperous mindset. They discuss how the book's lessons can be applied to real estate and personal growth, inspiring listeners to reflect on their own financial paths and aspirations.

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

 

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Direct download: bookclub1-.mp3
Category:general -- posted at: 3:18am EDT

Robbie Faithe is the CEO of Faithe Real Estate and co-founder of Integrity Home Buyers. In this episode, Robbie talks about his journey from flipping houses to investing in a variety of commercial real estate assets, ranging from multifamily to warehouses. He shares the marketing tactics he uses to find off-market deals and how he’s getting creative with seller financing to find cash-flowing deals in a difficult economy.

 

Robbie Faithe | Real Estate Background

  • CEO of Faith Real Estate and Co-founder of Integrity Home Buyers
  • Portfolio:
    • Residential, commercial, storage, warehouse development, mobile home parks, and multifamily
    • Just under $20MM AUM, all in New Mexico
  • Based in: Albuquerque, New Mexico
  • Say hi to him at: 
  • Best Ever Book: $100M Offers by Alex Hormozi
  • Greatest Lesson: Find whoever it is that is doing what you want to do and do whatever you can to work for them for free. Find a mentor who is already functioning at a level that you see yourself at, and offer some value to them and see if there's anything you can do to get in their world.

 

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Direct download: Robbie_Faithe.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 walks through his personal five-step process for vetting an apartment syndication deal and encourages listeners to add their own personal preferences to make the process their own.

 

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Direct download: JF_3262_-_Passive_Investor_Tips_56.mp3
Category:general -- posted at: 4:28am EDT

Vanessa Alfaro discusses her journey from being a single mom opening companies at 22 to founding multiple seven-figure firms across three countries. Vanessa shares insights into her real estate portfolio, which focuses on multifamily investments. She emphasizes the necessity to embrace technological advancements, particularly AI, to optimize operations in the real estate industry. Vanessa reveals how AI can be applied in various aspects of real estate, including acquisition, underwriting, asset management, investor relations, and marketing, providing real-life examples and platforms to streamline processes.

Vanessa Alfaro | Real Estate Background

  • Founder of Venus Capital, a women-owned multifamily real estate investment firm focused on technology and innovation.
  • Portfolio: 
    • $50M in AUM in TX, LA, MS, and MO
  • Based in: Beverly Hills, CA
  • Say hi to her at: 
  • Best Ever Book: Traction by Gino Wickman
  • Greatest Lesson: You pay for education one way or another, either through coaching or through experience and mistakes.

 

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Direct download: JF_3260_Vanessa_Alfaro_Fixed1.mp3
Category:general -- posted at: 3:52am EDT

Clint Harris is a professional investor and capital raiser with Nomad Capital, which focuses on converting and building Class-A climate-controlled storage facilities. In this episode, Clint discusses Nomad’s conversion strategies, specifically how to assess a property and recognize when the conversion opportunity is right. He also shares the struggles he faced actively managing 14 Airbnb properties and why he chose to change his investment focus.

 

Clint Harris | Real Estate Background

  • Professional investor and capital raiser for Nomad Capital
  • Portfolio: 
    • 14 AirBnB units
    • $100 million self storage AUM
  • Based in: Wilmington, NC
  • Say hi to him at: 
  • Best Ever Book: Traction by Gino Wickman
  • Greatest Lesson: Inability to think ahead past the property at hand. Don’t paint yourself into a corner by limiting your thoughts to the deal right in front of you.

 

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Direct download: JF_3263_Clint_Harris__1.mp3
Category:general -- posted at: 3:05am EDT

Bronson Hill talks about his transition from medical device sales into multifamily real estate and other diverse investments like ATMs, car washes, and oil and gas. Hill emphasizes the importance of cash flow, risk mitigation, and seeking value-add opportunities, providing insights into various investment strategies that can generate passive wealth. The conversation explores different investment avenues, discussing their potential rewards and risks.

 

Bronson Hill | Real Estate Background

  • Founder and CEO of Bronson Equity
  • Portfolio:
    • 2,000 multifamily units
    • ATM machines
    • Car washes
    • Oil and gas
  • Based in: Pasadena, CA
  • Say hi to him at: 

 

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Direct download: JF_3261_Bronson_Hill_NEW.mp3
Category:general -- posted at: 3:48am EDT

Zach Lemaster is the founder & CEO of Rent To Retirement, one of the nation's leading turnkey investment companies that helps people achieve financial independence through turnkey investing. In this episode, Zach discusses the misconceptions surrounding the turnkey real estate investing industry, and what prospective investors need to know. He also shares why you should explore the build-to-rent industry now as overbuilding and increasing interest rates have made many deals available at below market rates.

 

Zach Lemaster | Real Estate Background

  • Founder & CEO of Rent To Retirement
  • Portfolio:
    • Single-family rentals
    • Multifamily 
    • Commercial retail centers & luxury short-term rentals
  • Based in: Denver, CO
  • Say hi to him at: 
  • Best Ever Book: The E-Myth by Michael E. Gerber
  • Greatest Lesson: Date before you marry in partnerships.

 

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BAM Capital

Direct download: JF_3259_Zach_Lemaster_.mp3
Category:general -- posted at: 2:56am EDT

Dana Bull is a real estate advisor at Dana Bull Real Estate Consulting, where she advises clients on ways to maximize wealth through real estate. In this unique episode, Dana discusses why she chooses NOT to grow her portfolio, having acquired all of her investment properties before the age of 30. She also explores the concept of investing simply for the love of investing rather than chasing ever-increasing goals and financial benchmarks.

 

Dana Bull | Real Estate Background

  • Real estate advisor at Dana Bull Real Estate Consulting, where she advises clients on ways to maximize wealth through real estate. 
  • Portfolio:
    • Small multi-family properties
    • Single-family properties
    • Historic homes
  • Based in: Boston, MA
  • Say hi to her at: 
  • Greatest Lesson: Stay small to win big.

 

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Direct download: JF_3258_Dana_Bull_.mp3
Category:general -- posted at: 3:00am EDT

Cody Bjugan is the founder of Allied Development, which finds off-market raw land with development potential and sells it to homebuilders. He is also the founder of VestRight, an educational platform that's helping investors do the same.

In this episode, Cody discusses why the value in land deals is in the approvals and how to go about mastering these types of investments. He also shares how he is able to provide his investors with 20% preferred returns and why he chooses to control real estate rather than own it.

 

Cody Bjugan | Real Estate Background

  • Founder of Allied Development and VestRight
  • Based in Scottsdale, AZ
  • Say hi to him at: 
  • Best Ever Book: The Gap and the Gain by Dan Sullivan
  • Greatest Lesson: Don’t run from personal development and think you know everything. Aim to be wise and humble, and continue to learn and grow.

 

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Direct download: JF_3257_Cody_Bjugan_.mp3
Category:general -- posted at: 6:28am 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.

You should get to know yourself, your goals, and your values before tackling investments. But how do you figure out what your core values are? In this episode, Travis shares a simple way to discover your core values as well as how they can empower you to make decisions about other aspects of your life such as work, lifestyle, and finances.

 

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Direct download: JF_3255_Passive_Investor_Tips_55.mp3
Category:general -- posted at: 3:53am EDT

Vikram Raya is the CEO and co-founder of Viking Capital, a multifamily boutique with nimble investment sourcing, structuring, execution and asset management capabilities. In this episode, Vikram talks about his transition from life as a practicing cardiologist to a full-time syndicator. He also warns against allowing your profession to become your personality, lessons he learned from bad syndication partnerships, and why you should stop leaning on agencies for your marketing and branding needs.

 

Vikram Raya | Real Estate Background

  • CEO and co-founder of Viking Capital, a multifamily boutique with nimble investment sourcing, structuring, execution and asset management capabilities.
  • CEO and founder of Limitless MD, which helps top-level doctors make more passive and active income while pursuing their passions.
  • Founder of Vitology Institute, which empowers functional medicine practitioners to provide proactive, predictive, personalized treatment and encourages patients to take an active role in their own health.
  • Portfolio:
    • $718M in AUM across 23 states
  • Based in: Fairfax, VA
  • Say hi to him at: 
  • Best Ever Book: The Art of Impossible by Steven Kotler
  • Greatest Lesson: Understand your goals and vision, and get the proper education to achieve them.

 

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Direct download: JF_3256_Vikram_Raya_.mp3
Category:general -- posted at: 3:00am EDT

Chris Pomerleau is the co-founder and director of investment strategy at LeavenWealth, a lead sponsor of value-add multifamily properties through syndication and JVs. In this episode, Chris discusses his newest project, Rayven, which is a Regulation A fund that is seeking to expand access to real estate investing for non-accredited investors while also saving the planet. He tackles some of the objections to Regulation A funds as well as the major benefits it provides investors.

 

Chris Pomerleau | Real Estate Background

 

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Direct download: JF_3254_Chris_Pomerleau_.mp3
Category:general -- posted at: 3:00am EDT

Matthew Amabile is the owner of Amabile Investments and host of the Financial Freedom Fast podcast. He is well-known for retiring at the age of 25 through real estate investing. In this episode, Matthew lays out the four-step roadmap for how he achieved financial freedom so early in life, his trick for building relationships to find the best deals, and what to do when you can’t bring capital to the table.

 

Matthew Amabile | Real Estate Background

  • Owner of Amabile Investments and host of the Financial Freedom Fast podcast
  • Portfolio:
    • Multifamily and single-family properties throughout NJ
  • Based in: Phillipsburg, NJ
  • Say hi to him at: 
  • Best Ever Book: $100M Offers by Alex Hormozi
  • Greatest Lesson: Keep expenses low to save more and invest in cash-flowing assets. Use partners to supercharge your investing.

 

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Direct download: JF_3253_Matthew_Amabile.mp3
Category:general -- posted at: 3:58am EDT