The Best Ever CRE Show

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: LinkedIn Best Ever Book: The Go-Giver by Bob Burg Greatest Lesson: Lean on sponsor's expertise. If inexperienced, partner with someone that is. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: MimisHouseRAL.com Facebook 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn svvre.com Greatest Lesson: Be realistic on expectations, and trust that the market is going to dictate the price. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn 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! Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Prosper-rei.com LinkedIn 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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 LinkedIn morningbrewproperties.com 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: storagelife.com Instagram LinkedIn Best Ever Book: The Mindbody Prescription by John E. Sarno Greatest Lesson: The power of cold-calling can create massive momentum and opportunities. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Founder of Realty One Stop Portfolio: 125 units Based in Cincinnati, OH Listen to his previous episodes: JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell Based in: Cincinnati, OH Say hi to him at: Linktree Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: https://apexinvestments.us/ LinkedIn Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: "Learning how to enjoy every step of the way, regardless of the situation." Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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 Founder of Realty One Stop Portfolio: 125 units Based in Cincinnati, OH Listen to his previous episodes: JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell Based in: Cincinnati, OH Say hi to him at: Linktree Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn presarioventures.com 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. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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 President - Spartan Construction Management Portfolio: Mutliple Self-storage Properties Based in: Golden, CO Say hi to him at: www.spartanbuilt.com LinkedIn Best Ever Book: Multipliers by Greg McKeown and Liz Wiseman Greatest Lesson: "Hiring the wrong GC. I built 3 homes with the wrong builder and after 2 years and only one finished." Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn presarioventures.com 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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn 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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Linktree LinkedIn 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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Free Checklist: How to Structure Your First MHP Investment The MHP Show 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. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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! Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn 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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Acornea.com LinkedIn YouTube 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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Instagram realestatelab.com 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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: LinkedIn elkhornpartners.com 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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: www.thestreamgroups.com Instagram LinkedIn 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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: coachcarson.com The Small and Mighty Real Estate Investor (Chad’s book) 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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: www.freelandventures.com Facebook YouTube 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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: www.breneman.com 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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: https://bronsonequity.com/ Best Ever Book: Never Split the Difference by Chris Voss Greatest Lesson: Life has an action bias. Get started today. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: www.mhcigroup.com 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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Instagram Facebook LinkedIn www.elevatecig.com 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. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: parkroyalcapital.com Best Ever Book: Will by Will Smith Greatest Lesson: The only thing holding us back is fear of the unknown. Click here to learn more about our sponsors: Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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: apartmentinvestorsclub.com twobridgesmgmt.com LinkedIn 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. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Instagram Facebook Best Ever Book: The Ultimate Blueprint for an Insanely Successful Business by Keith Cunningham Greatest Lesson: You don't need to use your own money to grow your portfolio. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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: Facebook LinkedIn 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. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices