The Best Ever CRE Show

She was very sick, and had to spend $250,000 to save her own life, at that time, money was everything because it was needed just to continue living. Krisstina had money saved fortunately, and was able to bounce back from being sick. Now she helps people earn more money, or learn how to manage and live with money in a better way, leading to happier lives and thriving businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It’s more about learning and growing than it is about making more money” - Krisstina Wise Krisstina Wise Real Estate Background: Real estate investor, Millionaire coach, and creator of several multi-million dollar businesses Author of the Amazon Best-Seller Falling for Money Based in Austin, TX Say hi to her at https://wealthywellthy.life/ Best Ever Book: Dollars and Sense If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

As new apartment communities come to market, they’re empty. Jason’s business model is to find those apartment communities, get access to some of those units as they are being leased up, and turn them into short term rentals for 8-24 months. “Pop-up hotels” as Jason calls them, WhyHotel only moves in during the lease up of new communities, helping investors mitigated the normal losses occurred during the lease up. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “In the U.S. between 200,000-400,000 MF units are delivered each year, on average, they take about a year to fill up, so that means there is somewhere between 100,000 to 200,000 units vacant at all times in major U.S. cities” - Jason Fudin Jason Fudin Real Estate Background: CEO and Co-Founder of WhyHotel WhyHotel is a platform for renting a full size apartment with a 24/7 hotel staff onsite when traveling vs staying in a hotel Based in Washington D.C. Say hi to him at https://whyhotel.com/ Best Ever Book: Hiring A Players If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Judah is joining us as a very accomplished Vice President for a huge lender that we’ve probably all heard of, Greystone. Not only does Judah deliver amazing value today with the knowledge of the HUD 223F loan, but he’s also demonstrating his mindset that has helped him succeed at such a high level. You’ll hear Judah’s stutter in this episode, which is part of his story of overcoming his stuttering and putting himself in uncomfortable positions (like doing this podcast) a great episode that everyone can learn something from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One other catch, HUD only allows for bi-annual distribution. If you’re syndicating, you’d only be able to pay your investors twice per year” - Judah Rosenberg Judah Rosenberg Real Estate Background: Vice President Greystone, a national commercial real estate lending, investment, and advisory company. Greystone’s affiliated businesses include a $32 billion loan servicing portfolio, $2 billion in completed property development projects, and a portfolio of over 8,000 affordable housing rental units and 3,000 skilled nursing beds. Based in New York, NY Say hi to him at https://www.greyco.com/ or 917.204.8854 or judah.rosenbergATgreyco.com If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Theo is interviewing Prady today on his real estate investing experience. Prady has a little bit of a unique story in that he got his start in college and began his real estate investing journey in a time where a lot of people are strictly focused on getting through school. Now he has a thriving condo development business in the Boston area. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I don’t even do calls, I just knock on doors” - Prady Tewarie Prady Tewarie Real Estate Background: Started as a buy and hold investor in college and became a real estate developer focusing on condo conversions Has over $100M in real estate assets Based in Boston, MA Say hi to him at www.thetewariegroup.com or Instagram @iampradyuman Best Ever Book: Built To Sell If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe is sharing three of his favorite lessons learned from interviewing Michael Sjogren, Nate Palmer, and Marco Santarelli. We’ll hear about managing short term rentals, eating healthy and working out, and how to find the best real estate investing markets. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Use a ring doorbell camera and wifi locks” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Theo continues the conversation from yesterday about securing commitments from investors. We’ll be hearing more about how to create an investment summary. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “In the investment summary there is a sample $100k return” Free Document: http://bit.ly/investmentsummarytemplate If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve heard a lot about the apartment communities and due diligence process for your apartment syndication acquisitions. Now, Theo starts covering how to secure commitments from your investors. There is a lot to go over here, so this will be a six parter. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t tell them no, the deal is full, come back next time. Add them to your waiting list” Free Document: http://bit.ly/investmentsummarytemplate If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Alina had a need of her own, and as many entrepreneurs do she started her own business. She began investing in real estate for herself because of a need to diversify her own portfolio, now Alina also helps other investors do the same. By working with other passive investors she can help others diversify without having to be active. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is no Nostradamus to tell us if the recession is going to happen tomorrow or 3 or 5 years from now” - Alina Trigub Alina Trigub Real Estate Background: Founder and Managing Partner of SAMO Financial, a boutique equity firm Help clients over 1,200 doors, over 500 storage units and a $10M mobile home park fund Works with high earners to passively invest in real estate Based in NYC Say hi to her at https://www.samofinancial.com/ Best Ever Book: Compound Effect by Darren Hardy If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason has been investing in real estate for years, his specialty is finding off market deals. He built and sold REI Blackbook, now he helps individuals find off market deals by building them a specialized blueprint and giving them a leg up on the competition. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ll go from 3000 homes in Cleveland down to 30 in a matter of minutes” - Jason Palliser Jason Palliser Real Estate Background: Off market lead generation specialist Has closed over 3,000 investment transactions Built and sold a RE automation company & actively invests Based in St. Louis, MO Say hi to him at https://www.linkedin.com/in/jason-palliser-93213bb/ or www.2dayblueprint.com Best Ever Book: Never Split the Difference by Chris Voss If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason is a physician that specializes in helping people live a healthier lifestyle. With healthier decisions comes a better overall mood and mindset, leading to making better business and investing decisions. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you typically have dinner around six or seven and want to get to bed around 9 or 10, that’s pretty good” - Jason Valadao Jason Valadao Real Estate Background: Active duty in the Navy, a family and sports medicine physician Has a passion for leadership and personal growth and is a coach with the John Maxwell team Author of the personal development book Exceptional Every Day: An Empowering Process to Unlock Your Why and Transform Your Life Based in Waco, TX Say hi to him at https://jasonvaladao.com/ If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Typically for a side hustle, people will Uber or work part time somewhere. Payton is taking another route and building his real estate portfolio on the side of his full time job. He’s just getting started with real estate, currently with three properties, with very lofty goals. Hear what his plan is to accomplish his big goals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “To get good loans at good rates, you have to prove to your lenders that you can pay it back” - Payton Pearson Payton Pearson Real Estate Background: Research analyst, and former Air Force Pilot 1000+ hours of flying experience, owns 3 properties, in process of acquiring 4th Based in Dayton, Ohio Say hi to him at terr547ATyahoo.com Best Ever Book: Rich Dad Poor Dad If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe did another round of interviews for the podcast last week, and again walked away with some valuable lessons to share with us. From finding off market deals to how our emotions affect our emotions, there is something in this episode for everyone. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is no one size fits all strategy for finding deals” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Time to get into more details about the remaining five documents of the 10 that you will need to be familiar with in your apartment syndication due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If the person that performs the environmental site assessment identifies an environmental problem, you’ll want to get with your lender to make sure that is not something that will disqualify you from financing” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

In the first two parts of this series, Theo broke down 10 financial documents you’ll need to be familiar with for you apartment syndication due diligence. Today Theo will be explaining how to analyze the first five of those 10 documents. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Depending on what type of loan you’re getting, you may have to address some things before you close” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael was in a position that required him to research comps for the company’s deals. He was having trouble finding relevant comps, so he started working on a solution. Enter his company, CompStak, they provide comps nationwide from brokers, appraisers, and research people in real estate brokerage firms to anyone who uses their platform. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The way you differentiate yourself is through your creativity” - Michael Mandel Michael Mandel Real Estate Background: Co-Founder & CEO of CompStak, the nationwide provider of commercial real estate data and analysis Has provided 2 million comps on 700k properties totaling 10 billion leased SQ. FT. Based in NYC Say hi to him at https://compstak.com/ Best Ever Book: Shoe Dog by Phil Knight If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Grant and his wife set out to be real estate investors, started buying properties but quickly ran out of money. He went to a local meetup where he met a young successful investor (Josh Sterling) who gave him tips on how to move forward. They took his advice and ran with it, getting up to 11 units in two years, after thinking they were out of money to move forward. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If we’re going to stay on this path, how many houses would we need?” - Grant Warrington Grant Warrington Real Estate Background: Started investing in real estate in 2004 - bankruptcy followed, restarted in 2014 Currently owns 20+ units with is wife and business partner, Monika Oversees the operations of 736 units for Epic Property Management Based in Detroit, MI Say hi to him at https://bluerockcapital.net/ If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joshua is joining Theo on the show today to talk with us about distressed debt. We’ll hear about his overall strategy, including how to find the distressed debt to invest in, how to evaluate them, and ultimately how to invest in the debt. A great episode for an intro into the distressed debt investing field, also a very informative episode with nuggets for even an experienced investor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Distressed debt is a space where not only do you need to have a lot of capital lined up ready to go, it’s something that takes a more sophisticated buyer” - Joshua Jaouli Joshua Jaouli Real Estate Background: Associate at Wynmor Management Focuses on adding value to multifamily investments and distressed debt Listen to his previous episode: JF541: How a Young Commercial Investor Raised Over $1M to Purchase a 30-Unit Deal Based in NYC Say hi to him at https://www.wynmanage.com/ If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim has done a ton of rehabs, and started getting into rental investing just a few years ago. He already has about 500 units under his belt, with a goal of 5000 in the future. Jim will break down a couple of deals for us, we’ll hear what went right, what went wrong, and what we should learn to implement in our own businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I didn’t get here by reinventing the wheel, I took one thing that worked and I did it” - Jim Huntzicker Jim Huntzicker Real Estate Background: Started his real estate business in 2005, has done over 500 deals Focused on flipping for first 7 years - 95% of the 500 deals were rehabs Based in Chicago, IL Say hi to him at jimATjimhuntzicker.com Best Ever Book: Tools of Titans by Tim Ferriss If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe learned a few new things last week from his interviews, two of which he’ll be sharing with us. He also has an observation from life in general that he wants to share with us today. Getting rewarded for doing the wrong thing - what is he talking about and is it good or bad? You’ll have to listen to this episode to find out. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I believe you need a higher NOI in the smaller markets to qualify for the loan” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Part two of Theo’s due diligence series will teach you about five more documents you’ll need to be familiar with in your apartment syndication due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ll have two PSA’s so ideally you’ll compare the results of the PSA’s” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week Theo covered financing options for apartment syndication deals. For this week’s series, he’ll be covering the due diligence process as it pertains to large apartment communities. Today we’ll hear details about five documents you’ll be reviewing, tomorrow we’ll cover five more documents. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “All of this is very important information for you to know and impossible for you to know going into the deal because you don’t have your hands on all these leases” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Wouldn’t $10k per month of passive income be nice? Anton currently has that with his portfolio, and he only has to spend one hour each week to manage. He also has another career, so his real estate investments are not his main focus, which makes the passive nature of his investments ideal for him. Joe digs into Anton’s portfolio and story, extracting the lessons for us to learn from. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Get your foot in the door, you’ll learn more from your first deal than any kind of reading or research” - Anton Ivanov Anton Ivanov Real Estate Background: US Navy veteran, real estate investor and entrepreneur Owns 35 units across 4 states, generating $10k in monthly passive income, requiring only 1 hour a week to manage Based in San Diego, CA Say hi to him at https://dealcheck.io/ Best Ever Book: 4 Hour Work Week by Tim Ferriss If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Alan helps his clients own properties and lease them as triple net leases to commercial tenants. His clients are able to purchase properties nationwide through Alan, which his team personally vets before bringing them to his clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You might get a little higher cap rate because its a strong B tenant and not an A, but you made up for it with the security that the incredible location will bring to you” - Alan Fruitman Alan Fruitman Real Estate Background: Owner of 1031tax.com and author of "The NNN Triple Net Property Book" Has helped investors purchase more than $1 Billion of single tenant, triple net leased investments Based in Denver, CO Say hi to him at https://1031tax.com Best Ever Book: Two Page Marketing Plan If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Chad has had a little different path on his way to real estate investing than I’ve ever heard. He started by getting into Magic The Gathering card trading, got into day trading, and then got into real estate investing. How has playing Magic The Gathering helped him with his career? Tune in to find out! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If your process is good, you will be net positive overall” - Chad Kastel Chad Kastel Real Estate Background: Real estate investor since 2016 1st property was a two structure single property house hack, 2nd was a mix use triplex Licensed Realtor in Florida Based in Hollywood, FL Say hi to him at 609-705-7332 and chadkastelATgmail.com Best Ever Book: Best Ever Apartment Syndication Book If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

“I don’t want to list your home” - that’s the phrase that started everything for Dan years ago. As a new agent, Dan had to find a way to get some business from all of the FSBO’s in his area. Rather than door knocking and asking to list their home, he’d simply ask if he could take some buyers through the home, and help with the paperwork if they had a buyer. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The biggest thing would be to implement a system, track everything you’re doing and eliminate the things that don’t work” - Dan Plowman Dan Plowman Real Estate Background: Rookie of the year in his first year selling homes 28 years of real estate experience, has sold more than one home per day for the last 8 years. Based in Whitby, ON Say hi to him at https://www.danplowmancoaching.com/ Best Ever Book: High Performance Habits by Brendon Burchard If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe does about 9 interviews every week for the podcast, and he takes notes on every single interview. Today, he’ll share the very best lessons that the guests taught or reminded him of last week. The five guests are (interviews yet to be released) Gaston Teran, Luis Leiva, Michael Beeman, Cory Boatright, and Gary Pinkerton. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you want to attract the right partners, then be attractive yourself” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve heard Theo explain in great detail all the different loan options we have as apartment syndicators. How do you decide which is best for you? Luckily, Theo is going to cover that today so get your pen and paper ready to take notes! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A good starting approach is to reach out to your mortgage broker and tell them what you plan on doing” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve covered the two different types of debt (recourse and non-recourse) in part one of this series. Theo talked about the two most popular forms of financing and the most popular agency debt available. Today, we’ll hear about the other loans that are available to finance your apartment syndication deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Time from contract to close with these programs is at minimum 120 days and 6-9 months is common” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

DJ and his wife are a real estate investing team, and they’re just getting started. They have purchased and sold a four unit multifamily building, as well as bought a couple of other deals and are currently holding those. Hear how they got started with little cash to invest, and how they plan on continuing their real estate investing careers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t do it yourself, know what you’re good at, and find yourself a team” - DJ Cummins DJ Cummins Real Estate Backgrounds: Started in 2015, have purchased 3 properties/6 units, now have approximately $85k in equity, monthly cash flow of roughly $700 per month, with an initial investment of only $10k Based in Bethalto, IL Say hi to them at their new real estate blog http://www.ragstonicerrags.com/ Best Ever Book: The Book on No and Low Money Down by Brandon Turner If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Dustin had a few different businesses as he was figuring out his path. Once he came across real estate investing, he found his last business. He stopped all the other businesses, which he says required more work and made less money than real estate investing. Now a successful investor, Dustin is also helping others build their own real estate investing businesses. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We’re investing for the long term” - Dustin Heiner Dustin Heiner Real Estate Background: Host of the Master Passive Income Podcast Active real estate investor who quit his job at 37 thanks to his rental property investing Based in Peoria, AZ Say hi to him at: https://www.masterpassiveincome.com/ Best Ever Book: Richest Man in Babylon If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Ed is a do it all kind of person and investor. He loves helping his clients make great decisions on their investments, as well as doing his own deals. Not to mention he brokers hard money, the “Lending Tree of hard money” as he calls it. Tune in to hear how he gets hard money for his clients, as well as what he tells newer investors as they are breaking into the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Some lenders have bigger names and people think they are better because of their name” - Ed Hendrickson Ed Hendrickson Real Estate Background: Full time real estate professional, focuses on helping others invest while building his portfolio First year as a real estate business owner, he assisted in closing over $20 million in transactions Based in Hoboken, NJ Say hi to him at https://www.hardmoneyproject.com/ Best Ever Book: A Million Bucks by 30 If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex is an entrepreneur and real estate investor, when he’s not busy with landscaping, he’s working on his own deals. When Alex wanted to start, he didn’t have the cash to get started, his first deal he was able to trade landscaping services for a down payment on a seller financed deal. After that, Alex teamed up with an experienced investor (money partner) and has been completing deals since then. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Every deal will test you, some worse than others” - Alex Holt Alex Holt Real Estate Background: Owner of Buying Cincinnati Houses Has done over 10 deals with no cash out of pocket Completed several land contract deals that he was able to flip with little more than sweat equity Based in Cincinnati, OH Say hi to him at https://www.facebook.com/alex.holt.777 Best Ever Book: Rich Dad Poor Dad If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

We received a couple of great questions over the last week, and decided to answer them today on Follow Along Friday. Joe will answer a question about getting a potential seller to want to sell, as well as responding to a question about who controls the bank account in an apartment syndication. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Get curious, what could be their motivation?” If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Time to get back into financing for apartment syndication deals. Today Theo will be discussing the top agency loans available. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is a required occupancy of at least 90%” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Another week, another syndication school series. This week, Theo is discussing financing for your apartment syndication deals. He’ll be covering all the different options, recourse vs. non recourse, and discussing a loan guarantor. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Different loan officers specialize in different loan types” Free Loan Program Spreadsheet: http://bit.ly/toploanprograms If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike’s real estate career started off a little unusual compared to most, as his first deal was in Russia. After that deal, Mike started buying duplexes and small multi’s in Texas. He wanted to get out of the landlord life, so he sold half of his portfolio. Now Mike is raising capital for deals, and has helped investors acquire over 3,800 multifamily and self storage units. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Real estate investing is a relationship business” - Mike Krieg Mike Krieg Real Estate Background: Co-founder of Steeple Rock Partners, LLC Has been investing in real estate for 14 years Has helped provide investor funds to purchase 3,800 apartment and self storage units worth $300M Based in Austin, Texas Say hi to him at https://www.steeplerockpartners.com/ Best Ever Book: Think and Grow Rich If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of us know by now that our national real estate market is cyclical. With that in mind, Ryan and Mark have created a fund for investors as well as themselves to get conservative returns, while also growing the fund. We’ll hear about what assets they invest in and what they look for with potential deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “A lot of investors today read the PPM but don’t really think about what is the senior debt? Debt in a recession is what gets everyone in trouble” - Ryan Andrews & Mark Khuri Ryan Andrews & Mark Khuri Real Estate Backgrounds: Founders and managers of Aerial Investment Management. In 2018, they launched the Recession Resistant Fund. A diversified real estate fund for passive investors targeting asset classes that are designed to perform through a recession or a volatile market cycle. Fund has invested in 7-10 deals as an equity partner Based in Bend, OR Say hi to them at http://bit.ly/2N3vd3v Best Ever Book: When Genius Failed If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Antoine has been investing in real estate for four years now, and he’s only 23. Turnkey was not always the business plan, but that is what the company has grown to. Just two years ago, they did 10 houses, last year they did 60, this year they’re on track to complete 100 deals. Learn what he does to grow his business to 100 deals per year in four years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “From the networking, I had a pool of people that were interested in turnkey rentals” - Antoine Martel Antoine Martel Real Estate Background: 23 year old real estate investor Does 100 flips per year (turnkey rentals), owns a 20 unit apartment building Based in LA, CA Say hi to him at https://martelturnkey.com/ Best Ever Book: The 10X Rule If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Edgar took over a struggling janitorial company at the age of 23 in 2008. He took that struggling business and grew it into a successful commercial and construction cleaning company, helping investors clean up their properties after construction. It wasn’t always easy, Edgar worked two jobs for some time. He’s had success, but some of the business slowed for a while, Edgar did not given up, he’s working harder than ever to get his business to levels it has never reached. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I didn’t know how I would pay the bills, but I knew that if I kept learning, and putting myself out there, I would make it” - Edgar Aguilar Edgar Aguilar Real Estate Background: Owner of Legacy Construction Cleaning Has been working with investors and construction crews, cleaning facilities for over 20 years Based in Denver, CO Say hi to him at https://www.legacyconstructioncleaning.com/ If you’re a passive investor wanting to learn more about questions to ask sponsors in order to qualify the opportunities, sponsors, and the markets opportunities are in, visit BestEverPassiveInvestor.com. We created this site just for passive investors to have a free resource providing the questions to ask and things to think through. BestEverPassiveInvestor.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Last Follow Along Friday, Theo mentioned that he has decided to sell his 12 unit portfolio. Joe was taken by surprise and wanted to really dive into the story with Theo on another episode of Follow Along Friday, rather than quickly mentioning it in last week’s episode. We’ll hear the mistakes Theo made, which is part of the reason why he’s selling now. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Anytime I had a few months of cash flow, I’d have to spend that cash flow to fix something else” - Theo Best Ever Listeners: We have launched bestevercauses.com We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Now it’s time for the second and last part of this Syndication School series on submitting your apartment syndication deals. Theo is diving deep into the details so you can walk away from these two episodes know exactly how to submit your offers on large apartment communities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Based off the seller’s motivation and everything you learned in the underwriting process, either submit your offer, or decide to walk away” Free LOI Examples: http://bit.ly/loiexamples2 Best Ever Listeners: We have launched bestevercauses.com We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get ready for some more syndication knowledge bombs from our resident apartment syndication instructor, Mr. Theo Hicks. He’ll be taking another step forward in the syndication process, explaining step-by-step how to submit your apartment offers. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If there isn’t a price listed, there are a few ways to get a ballpark idea of what the price will be” Free LOI Examples: http://bit.ly/loiexamples2 Best Ever Listeners: We have launched bestevercauses.com We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex’s first deal took him 6 months to close, and he only made $1800. After that, he realized he was doing something wrong. He made some changes, continued taking risks, and now succeeds at a high level in real estate investing. Learn how he kept going even after a bad first deal, and what tactics he employs to avoid another bad deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You think you know something, but more than likely you haven’t played all angles of devil's advocate” - Alex Brodowski Alex Brodowski Real Estate Background: Real Estate Developer and founder of Westmont Capital Group, LLC. Owns multifamily, retail, and light industrial properties Last year they had $30M worth of inventory they moved Based in Nashville, TN Say hi to him at abATwestmontcapgroup.com Best Ever Book: Think and Grow Rich Best Ever Listeners: We have launched bestevercauses.com We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mitch has built quite a large real estate investing company, doing at least one deal every four days. His strategy is to seller finance properties that he buys with his private investors. He raises the money and keeps them legal, while his team take care of the rest. He’ll share how he’s been able to grow such a large business, and raise a large amount money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If the house is worth $100k, I get a loan for about $58k” - Mitch Stephen Mitch Stephen Real Estate Background: Self Employed real estate investor for 20+ years Bought and sold over 1500 properties Owns over 1,100 storage doors in 16 locations Listen to his previous episode: JF95: Boat and Mini Storage Unit Investing…and SOOOO Much More! Based in San Antonio, TX Say hi to him at https://reinvestorsummit.com/mitch-stephen/ Best Ever Book: Nothing Down by Robert Allen Best Ever Listeners: We have launched bestevercauses.com We profile 1 nonprofit or cause every month that is near and dear to our heart. To help get the word out, submit a cause, or donate, visit bestevercauses.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason and his team help investors with marketing. This was born out of a need of his own, and realized others had the same need. We’ll hear tips to improve our own marketing, we’ll also hear how a company like his can help optimize your marketing for you. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I quickly built an algorithm, or a spreadsheet at that time” - Jason Roether Jason Roether Real Estate Background: Runs an AI Technology company called Liberty AI His company has been doing marketing in the real estate industry for over 12 years Recently developed an AI software for investors that is patterned after the core technology used by Google and Facebook Based in Spokane, WA Say hi to him at https://libertyai.net/ Best Ever Book: Think bigger How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Eric saw a problem in the marketplace, created a solution for himself, and is now helping others do the same thing he did. Taking IRA savings and investing in private companies was a complicated process before, now Eric and his team make it easy for their clients. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “That’s what we call a big market opportunity” - Eric Satz Eric Satz Real Estate Background: Founder and CEO of AltoIRA His mission is to make 21st-century investment opportunities available to everyone, not just accredited investors Based in Nashville, TN Say hi to him at https://www.altoira.com/ How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe has three more great pieces of wisdom to share with us from his interviews last week. We also get an update from Theo on his properties, which he is selling, but tune in to find out why. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I assumed, incorrectly that he made $100,000. I need to ask about their carrying costs” How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Now that we’ve discussed most of the underwriting process for value add apartment syndication, Theo will cover visiting the property in person. Visiting in person is something you will need to do, regardless of how far away it is. You’re dealing with investors’ money, doing proper due diligence is a requirement. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One of the first properties I toured, I went with my wife and thought the property did not need much work. The second tour, I brought the property manager, and she pointed things out that I didn’t see” Free Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Free RCA Sample: http://bit.ly/RCAforsyndication How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Theo is picking up where he left off last week with rental comps. You’ll need to have accurate rent comps so that you can set accurate assumptions in your underwriting. Today we’ll learn how to ensure we have good comps, and what to do with them once we have them. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “As you get comfortable with the free model and learn and grow, you can customize it however you want” Free Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Free RCA Sample: http://bit.ly/RCAforsyndication How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex has been working on his platform, BuildingBits, for about three years, they are now live and accepting investments. They are a company that brings institutional type commercial real estate deals to the average person. We’ll learn what led Alex to creating this platform, and also hear about the experience and returns that an investor can expect to receive. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If we feel the price is fair and is supported by a third party appraisal, we’re not going to beat them up on the price in two or three months when it’s time to close” Alexander Aginsky Alexander Aginsky Real Estate Background: Principal Shareholder, Founder and Chief Executive Officer of Building Bits Extensive real estate, private equity, and venture capital experience Managed a complex commercial real estate portfolio for global investors, including two hotel developments Based in Portland, OR Say hi to him at https://buildingbits.com/ Best Ever Book: Fountainhead How great would it be to buy a piece of institutional-quality, income-producing commercial buildings? Now you can… with BuildingBits. It’s NOT A REIT or a fund. BuildingBITS is a new platform for non-accredited investors, where virtually anyone, regardless of income, can select a building leased to a major corporation and earn money from it! Start investing with as little as $500 at https://www.buybits.us/ Learn more about your ad choices. Visit megaphone.fm/adchoices