The Best Ever CRE Show

Danny has been on the show before, but has ventured into a new field to share with us today. He decided to start writing a series of kids’ books about the wealth lessons he has learned along his real estate journey. No doubt that teaching children money and wealth lessons early can have a tremendous impact on their future, as it did for Danny at the age of five. So tune in to hear ideas on educating our children, or even check out Danny’s book after the episode! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Make sure if they do get a birthday present or earn a little extra money running a lemonade stand, that they always take care of it and have a special place to keep it” - Danny Randazzo Danny Randazzo Real Estate Background: Preciously a financial consultant, now an investor and owner of Randazzo Capital, they focus on 150+ unit MF properties Owns $130,000,000 of real estate Check out his new children’s book here: https://www.amazon.com/Lost-Wallet-Wealth-Lessons-Kids/dp/173376660X/ref=sr_1_fkmrnull_1?keywords=the+boy+who+lost+his+wallet&qid=1552506731&s=gateway&sr=8-1-fkmrnull Listen to his previous episodes: JF961: House HACKING Bay Area to a $1MM Commercial Building JF1447: What To Look For When Vetting A Potential Partner #SkillSetSunday with Danny Randazzo Based in Charleston, SC Say hi to him at http://www.investwithdanny.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

Follow Along Friday time! Today, Joe is joined by Ellie Perlman who is also a multifamily syndicator and podcast host. Ellie covers keeping an open mind and tells us a story about a deal she recently closed on, had she stuck to her traditional strategy and not been open minded, she wouldn’t have closed the deal. Joe then answers a listener question about how they can take some capital they have and leave their job, surviving off of real estate investing only. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t quit your job, start doing it on the side and see if you like it” - Ellie Perlman Ellie Perlman Real Estate Background: Founder of Blue Lake Capital Portfolio of $65 million in multifamily properties Host of the podcast That REllie Happened? Say hi to her at https://www.ellieperlman.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

Steve is a long time attorney who specializes in private offerings and securities. A huge insight he drops on this episode, state securities agencies are like profit centers for state governments, and one of the easiest ways for them to make money is go after anyone who didn’t follow security laws. That is an eye opener, and gives you a great idea of what you are up against. You may also be surprised to learn that a lot of investors are actually offering a security, not filing with the SEC, and could get in some trouble because of that. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The consequences of violating securities law are astronomical” - Steve D. Rinaldi Steve D. Rinaldi Real Estate Background: Attorney specializing in private offerings of securities Has handled private offerings of securities for 29 years Based in Bethesda, MD Say hi to him at http://stevenrinaldilaw.com/ or (240) 481-270six Check out his services for syndications & private placement deal sheet http://bit.ly/2UKSRo7 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

Kris has an interesting story we’ll hear on this episode, how and why he turned to real estate after a career in sales. The biggest reason for him was to quit trading his time for money and spend more time with his family. So how did he do it and how can you learn from his story and apply it to your own life? Tune into this episode to hear how he transitioned into real estate, we’ll also hear how the company he works for has become one of the 30 top commercial self storage operators. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “At some point you gotta get in it, you’re gonna make mistakes, but if you don’t jump in, you’ll never move forward” - Kris Benson Kris Benson Real Estate Background: CIO for Reliant Investments, a subsidiary of Reliant Real Estate Management Reliant Real Estate is one of the top 30 commercial self storage operators in the U.S. Based in Saratoga Springs, NY Say hi to him at www.reliantinvestments.com Best Ever Book: The Alchemist 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

Dino was raised by entrepreneurs, but took a little different path at first, going to and graduating from college before entering the corporate world. Once he was there, he wanted more, and to scratch that entrepreneurial itch! He started a few small ventures, before falling in love with real estate, specifically multifamily syndications. Hear how he jumped into the multifamily syndication business, and is teaming with others to grow the business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You can bring a deal to a team that is already experienced, chances are they’ll do it and add you to the GP side of the deal” - Dino Pierce Dino Pierce Real Estate Background: CEO of Edified Equity and an Active Multifamily Investor In 2018 Edified Equity and partners syndicated 4 apartment communities consisting of 254 doors, across 4 markets, valued at $9.3M Based in Denver, CO Say hi to him at https://www.edifiedequity.com/ Best Ever Book: How to Win Friends and Influence People 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

Ryan was like many new real estate investors, had a good job and wanted to get into real estate. He started flipping houses part time, and did that for about 10 years before going full time as a real estate investor. Hear how he was able to leave his job, and how he’s scaling his flipping business in Cincinnati. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Everything I made that was extra over the years, I just kept re-investing” - Ryan Naish Ryan Naish Real Estate Background: Real estate investor since 2006 Flipped 18 properties in Cincinnati since 2006, flipped 5 of them in 2018 Licensed Realtor and has handled 35 purchase and listing transactions Based in Cincinnati, OH Say hi to him at 513.535.6480 Best Ever Book: Am I Being Too Subtle? 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

Steven has written a book and been helping others optimize time for the last five years. He says time is our most valuable resource (we agree) and is here today to tell us how we can make the most of our time by performing at the highest levels with our time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Time comes from you and you control it” - Steven Griffith Steven Griffith Real Estate Background: Nationally recognized author, speaker, researcher, and performance expert Author of the book- The Time Cleanse and considered one of the leading authorities on the connection between time, productivity, and performance Based in LA, CA Say hi to him at https://www.stevengriffith.com/bestever/ "Get Steven's Master Class on Time Free When You Order The Time Cleanse!" www.stevengriffith.com/master-class 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

Ah, the perpetual vacation, the motivation for a lot of beginning investors and experienced investors to build a large real estate portfolio. One problem: you can have all the properties in the world, but if you’re the only reliable worker, that’s not much more than a very time consuming JOB. How do we change this or scale a business with our time in mind from the beginning so that we can reach our goals of having free time to do as we wish? Sarah Noked is here to answer that for us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “There is such a wealth of talent in the online space, it’s amazing how entrepreneurs are leveraging that in their businesses” - Sarah Noked Sarah Noked Real Estate Background: A Certified Online Business Manager, putting systems in place for businesses to scale One of just 3 worldwide Certified OBM® (Online Business Manager) Trainers Based in: Haifa Area, Israel Say hi to her at https://www.sarahnoked.com/bestever/ 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

Another edition of Follow Along Friday! Joe is joined by Lennon Lee who is a podcast host himself and real estate investor. We’ll hear about their most recent lessons learned in the business, how they improved their business because of that lesson, and how you can do the same. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’re gonna have to do some things that you don’t enjoy doing” - Lennon Lee 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

Okay so the secret is not so much a secret, when the economy changes, and changes his business, Jack and his team will reinvent themselves and business. They continue to thrive regardless of what is happening outside of the business because of this. Hear how to change on the fly for continued growth and success at any level. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The only thing in life you can be sure of is change, so you might as well embrace it” - Jack Miller Jack Miller Real Estate Background: President and Founder of Gelt Financial Corporation Since founding Gelt, has made over 10,000 loans in excess of 1 Billion Dollars. Based in Boca Raton, FL Say hi to him at https://geltfinancial.com/ Best Ever Book: Behind the Golden Arches Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Loe was making good money running a car dealership, but was not fulfilled. He wanted to get into property management, but no one would hire someone who was taking a huge pay cut! He finally got a job as an assistant property manager and started learning the business. Eventually he learned about residential assisted living and started building that business, which is still his main focus. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I think it’s great to have a third party take care of stuff for you, but at the same time you have to know enough to know if someone is a good property manager or not” - Loe Hornbuckle Loe Hornbuckle Real Estate Background: CEO and founder of Sage Oak Assisted Living and Memory Care Sage Oak is “the boutique assisted living company” with 5 locations in Dallas and a total of 40 beds. Has two developments in TX and Louisiana, totaling 300 beds and estimated value of $45M Based in Dallas, TX Say hi to him at https://thesageoak.com/ Best Ever Book: The One Thing Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

At some point, most of us start thinking about retirement. John was ahead of the curve for most people and at a younger age started projecting out his income and savings. He realized retirement was not looking great, tried to figure out the stock market, then fell in love with real estate investing. Now he’s got a large portfolio and currently working on a 41 unit deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It’s all about partnerships” - John Fortes on his real estate investing success John Fortes Real Estate Background: One of the founding partners of Community First Investment Group has 62 units under management and is currently syndicating another 41 units Based in Boston, MA Say hi to him at https://www.cfigwealth.com/ Best Ever Book: The Third Door Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nico’s investing strategy is a little bit different than most strategies we usually talk about. He also lives a different lifestyle than probably most of us listening to this episode. Nico is a nudist who built a colony of nudists on vacant land that he bought. Hear how he did it, what kind of returns he got, and how he plans on doing it again in a new place soon. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When investing into a community, you’re investing into the people as well” - Nico Blue Nico Blue's Real Estate Background: Principal and Managing Broker of Blue Investing Before starting the Blue Investing, Nico was a top producing apartment broker in Southern California at his brokerage Has a personal career transaction volume greater than $2 Billion. Based in Boulder Creek, CA Say hi to him at: http://www.mattazark.com/ Best Ever Book: The Art of Loving by Erich Fromm Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Gerri has been involved in consumer credit education for many years, even writing a book on it. Gerri was hearing from real estate investors that people were getting scammed trying to get credit for their real estate business. She’s here today to explain how we can get credit for our businesses and how to spot a scam. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’m not aware of any major credit card issuer that issues a business credit card without a personal guarantee behind it” - Gerri Detweiler Gerri Detweiler Real Estate Background: Education director for Nav.com, the first site to give business owners free person and business credit scores 20 years of experience in the credit industry Based in Sarasota, FL Say hi to her at https://www.nav.com/freeaccount Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nathan had a problem, he needed to hire team members and saw the need for others too. So he created a company to help provide good remote team members for businesses and people that need help. Hear his best tips as it pertains to hiring a new person. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Focus on whether or not they are the perfect fit for you” - Nathan Hirsch Nathan Hirsch Real Estate Background: Co-founder and CEO of FreeeUp.com, a marketplace that connects businesses with pre-vetted freelancers in eCommerce, digital marketing, and much more Has sold over $30 million online Based in Orlando, FL Say hi to him at https://freeeup.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

A little bit of a change up for today’s Follow Along Friday, we’re having a guest on the show with Joe. John has been on the show in the past (episode 487) and is sharing some of the best things he learned in his business last week. Of course Joe will be sharing his best lessons learned last week too. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I struggled in the beginning with saying “I’m not good at that” and would try to everything on my own” Listen to John’s Best Ever Advice: JF478: From Live-In Duplex to 13 Rentals ($1.5 MM)—In Three Years! John Casmon Real Estate Background: Real estate entrepreneur, controls over 700 units as a GP Host of the weekly real estate podcast Target Market Insights Based in Chicago, IL Say hi to him at https://www.casmoncapital.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan and his team were focused on wholesaling and then flipping, and then got into buy and hold investments. He’s built a good sized real estate business and is here today to tell us how he’s been able to have great success. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “One of our acquisition guys gets 10-12% of the commission on something we sell” - Ryan Dossey Ryan Dossey Real Estate Background: Buy & hold investor with assets in Indianapolis, Louisville, and Saint Louis. Also the founder of Call Porter and Ballpoint Marketing Closed on 73 units last year using the BRRRR method Based in Indianapolis, IN Say hi to him at: Facebook:https://www.facebook.com/ryan.i.dossey Instagram: https://www.instagram.com/ryancdossey/ Youtube: http://www.youtube.com/c/RyanDossey Best Ever Book: Extreme Ownership Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

We get to hear from a commercial broker today who is top 10 in both leasing and investment sales in San Antonio. Bethany founded and is the co-owner of a full service commercial firm. We’ll also hear from her on the importance of finding a good mentor to help your business. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Integrity first and foremost, after that persistence” - Bethany Babcock on what separates a good broker from a great broker. Bethany Babcock Real Estate Background: Founder and Co-Owner of Foresite Commercial Real Estate, a full service real estate firm in San Antonio Named one of the top 10 Brokers in San Antonio in the categories of both leasing and investment sales Based in San Antonio, TX Say hi to her at https://foresitecre.com/ Best Ever Book: Secrets of Closing The Deal by Zig Ziglar Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

There are alot of note investors, both performing and non-performing. DeAnn is here to tell us more information on the strategy. We’ll hear what to look for both good and bad, and also how to know what the worst case scenario is. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Don’t fall in love with your deal, every time I see someone do this, they make a mistake” - DeAnn O’Donovan DeAnn O’Donovan Real Estate Background: President & CEO of AHP Servicing Has over 25 years of experience in real estate, financial services, asset management, mortgage lending, and residential loan servicing Based in Chicago, IL Say hi to her at https://ahpservicing.com/ or ceoATahpservicing.com Best Ever Book: The Alchemist Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’ve have talked, and will continue to talk extensively about the syndication process with real estate. For the most part, everything we talk about pertains specifically to multifamily syndication. We’re talking syndications again today, but this time it’s in reference to farm land. Chris and his company help farmers get farm land by helping them raise money via a syndication structure. Chris tell us about the different hurdles he and his company have to overcome to make these deals happen, with a great explanation of “cow math”. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You’ve seen one multifamily deal, you’ve seen them all, you see one agriculture deal, you’ve seen one agriculture deal” - Chris Rawley Chris Rawley Real Estate Background: Founder of Harvest Returns – an agriculture investment platform Invested in residential, commercial, and agricultural real estate for 20+ years 26 years active & reserve Navy service, traveled to more than 50 countries Based in Fort Worth, Texas Say hi to him at https://harvestreturns.com Best Ever Book: The Lean Startup Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

As a previous guest, Rock already shared his Best Real Estate Investing Advice Ever. Today he’s back for a Skill Set Sunday episode because he wants to help more people. We’ll hear Rock discuss how people can get started in real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You could make $1000 passive-ish income” - Rock Thomas Arvin (Rock) Thomas Real Estate Background: Owns over 6 real estate franchises with over 270 realtors selling over $1 billion annually Certified NLP Practitioner Has increased sales and revenue every year for 17 years years in a row Listen to his previous episodes: JF314: How to Find a Millionaire Mentor to Guide Your Career JF676: Mind Tricks to Overcome ANY Unfavorable Situation and How to Think #situationsaturday Based in Montreal, Canada Say hi to him at https://rockthomas.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we have two guests with us today to discuss real estate taxes. Stessa is our sponsor and also our guest today, along with Thomas Castelli, an investor, CPA, and tax strategist. So hit play to hear the easiest way to handle your taxes and hear about the new laws. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Since the introduction of the Tax Cuts & Jobs Act in 2017 many real estate investors have wondered how these new rules and incentives will affect their taxes this year. Things were so confusing in fact that the IRS recently released clarification on the 20% pass-through deduction, and specifically singled-out real estate investments as needing more clarity. Devin Redmond, Head of Customer Success at Stessa and Thomas Castelli, CPA & Tax Strategist at the Real Estate CPA teamed up to help provide clarification on taxes for real estate investors by creating a series of resources that investors can reference. Best Ever Tweet: “You really want to be taking a proactive approach throughout the year” Devin Redmond & Thomas Castelli Real Estate Backgrounds: Devin Redmond: Head of customer success with Stessa Former commercial real estate pro and investor Say hi to him at https://www.stessa.com/ Based in San Francisco, CA Thomas Castelli: CPA & Tax Strategist at The Real Estate CPA Real estate investor, invested passively before being active in an 82 unit apartment community Say hi to him at www.therealestatecpa.com Based in NYC Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tom and his company specialize in hospitality and restaurant brokerage. That’s where Tom built a career for many years before the long hours and his family made him want to make a change. With 30 years of restaurant and night club experience, Tom is the perfect partner for investors who are looking for restaurant deals. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You buy quality real estate and you’ll make a lot of money if you hold on” - Tom Prakas Tom Prakas Real Estate Background: Tom has 30 years experience in the restaurant, nightclub and sports bar industry Has owned 27+ popular establishments throughout Ohio, Georgia and South Florida He and his team have sold or leased over 400+ restaurants and commercial properties Based in West Palm Beach, FL Say hi to him at https://www.prakascompany.com/ Best Ever Book: Art of the Deal Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s syndication school is continued over from yesterday’s episode. Theo will cover the rest of the assumptions you will be setting. So dive in and hit play to learn more about how to do an apartment syndication deal. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Landscaping is one of the first things that people see when they come to your property so you want to make sure it is nice and clean” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Time to start learning about setting assumptions. You’ll be setting a few assumptions when underwriting value add apartment syndication deals. Theo will be discussing those assumptions, and how to accurately set them in today’s Syndication School. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re doing a deal that’s smaller than 250 or 200 units, you can use the 1.75% number” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

One of the most popular ways to get started in real estate is through house hacking. This is how Chad got his start as well, only he did it a little different. Usually, someone will purchase a multifamily property and live in one of the units while renting out the other unit or units. Chad needed someone to help pay the mortgage so his friend moved in and his rent paid almost the whole mortgage. That got chad started and he quickly set out to get more property. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I had the company as an insurance blanket and it bailed me out a couple of times” - Chad Hudson Chad J Hudson Real Estate Background: Started investing in 2000 when he was burnt out on baseball Founded Savoy Companies and grew to over 30 units Based in Rockwall, TX Say hi to him at https://www.savoycompanies.com/ Best Ever Book: The One Thing by Gary Keller Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Daniel and his parents immigrated to the United States in 1999, they faced tough times growing up as the family struggled financially. Daniel bought his first deal specifically for his parents and their retirement at the age of 22. Now he’s scaled his business to owning 75 units and is also fixing and flipping multiple properties at the same time. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When I first got into real estate, I only wanted to learn, I wasn’t even hungry for a deal” - Daniel Kwak Daniel Kwak Real Estate Background: Started investing at 20 years old Owns over 75 units and currently doing 6 fix and flips Based in Aurora, IL Say hi to him at https://thekwakbrothers.com/ Best Ever Book: Pitch Anything Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Adam is here to talk fundraising with us today. Not necessarily fundraising to purchase real estate, but rather for non profit organizations. Adam and his company use real estate to raise the money for different charities. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “They usually make as much or more than if they rented it out” - Adam Capes Adam Capes Real Estate Background: Co-founder and president of Getaway2Give, a company changing the way non-profits raise money Their mission is to be the best in the country at helping charities and schools raise money, they’ve helped raise over $10M so far. Based in Atlanta, GA Say hi to him at https://www.getaway2give.net/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Taxes are an inevitable part of running a business, sometimes things can go wrong. When the IRS comes knocking, it’s better to be prepared. Shanyn has helped her clients and is here to share some tips with us today. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you’re handing an IRS agent a copy of your bank statement that has co-mingled business and personal funds, that opens up all of those transactions for scrutiny” - Shanyn Stewart Shanyn Stewart Background: Tax strategist and serial entrepreneur Has been helping clients with taxes for 22 years with her company Advanced Accounting Based in Lambertville, MI Say hi to her at https://advancedaccounting.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe and Theo are back for another round of Follow Along Friday. Today, Joe is sharing his best lessons learned from last week, when he interviewed nine people for the podcast. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “When you come up with a good life number, you can put together a plan to reach that number” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s episode covers part four of seven on our value add apartment underwriting strategy. If you didn’t listen to yesterday’s episode, you should. Theo began covering the underwriting process so you’ll want to hear that first. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You don’t want to spend too much time investigating one small assumptions” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Theo has covered a ton of details so far for apartment syndication deals. Today we’ll start learning about the actual underwriting process. Steps 1, 2, and 3 are covered today, with more to follow! PLUS we’re including a free simplified cash flow calculator for you to practice your underwriting with, can be used along with these episodes to follow along. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “You want to make sure the T-12 is current” Free Simple Cash Flow Calculator: http://bit.ly/simplecashflowcalculator Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sometimes getting creative is necessary to make a deal work. Zach and the company he works with, only do creative deals, or as he says they buy on terms. He has three primary creative financing strategies; lease purchase, owner financing, and subject-to. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Ideally on a subject-to deal, it’s going to be a long term deal” - Zach Beach Zach Beach Real Estate Background: Successful real estate investor Has completed over 100 deals in under 3 years, buying and selling properties without using any of his own cash, credit, or investors’ money Based in Newport, RI Say hi to him at www.freesrecbook.com Best Ever Book: Surrender Experiment Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ari decided to take more control of his financial destiny, so he began investing in real estate. We’ll hear his story of working full time at a job while working on a real estate portfolio part time. For most of us, this is how we get started, and hearing a successful example to follow can help anyone who wants to be in the same situation as Ari. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Identify your niche and competitive advantage and leverage it very aggressively to differentiate from the crowd” - Ari Ari’s Real Estate Background: Went from Journalist to marketing for 10+ years & part time real estate investor Controls over $1.5 Million of real estate while working full time Kapel Real Estate Based in Chicago, IL Say hi to him at kapelrealestateATgmail.com, https://youtu.be/7XnlQo0IMDo Best Ever Book: Crushing it in Commercial Real Estate by Brian Murray Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Precious metal investing, that’s what we’re covering today. Ken is an expert and owns a company that helps people invest in precious metals. He’s sharing the benefits of precious metal investing with us today, even if you never pay him for services or products, he shares great information for you to think about. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We ship over 80% of our orders the same day” - Ken Lewis Ken Lewis Real Estate Background: Results-oriented professional with more than 25 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500 Chief Executive Officer at APMEX, the largest precious metals retailer in North America Based in Oklahoma City, OK Say hi to him at https://www.apmex.com/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Growing a business takes a lot of time and effort. Sometimes, your efforts can have a negative impact if you’re not making the right moves. Today, Terry will help us understand how businesses are valued, so that we can focus on the activities that have the highest returns. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’m evaluating business through the lens of does it make sense for someone else to buy it?” - Terry Lammers Terry Lammers Real Estate Background: Co-founder and managing member of Innovative Business Advisors, advising business owners on the sale of their company Had 11 different companies he grew to $40 million in annual sales before selling in 2010 Based in Fallon, IL Say hi to him at http://www.innovativeba.com/bestever Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

For Follow Along Friday this week, Joe is sharing some favorite lessons he learned while doing his interviews for the podcast last week. You’ll hear tips from multiple investors, all with a different skill set as it relates to real estate investing. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Lessons Learned: Alan Fruitman: Stay in your lane Jake Stacy: Having proper insurance Jason Palliser: Executing on deals David Greene: Cash flow is the defensive mechanism in the single family space Best Ever Tweet: “Cash flow isn’t the best thing to think of when buying single family homes, rather it’s the equity appreciation” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Final episode of the financial statements segment of the Syndication School series. Theo will be talking about more, you guessed it, financial documents. He’ll finish breaking down the OM today, and finish the episode with useful underwriting tips as it pertains to the entire financial statement series. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Compare their pro forma to their pro forma” Free document for this episode: http://bit.ly/offeringmemorandum Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part 5 of our 6 part series on apartment financial statements. Theo will be covering a few different documents today, including the OM. So without much more explaining from me, hit play and learn more about the financials from Theo. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The listing agents MIGHT leave some things off the OM to make more money” Free document for this episode: http://bit.ly/offeringmemorandum Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Frank Roessler, for Best Ever Listeners that don’t know, is the Founder of Ashcroft Capital, and managing partner along with Joe. Recently, they finished a business plan and sold a deal, now we get to hear their case study discussion. This will be a normal segment on the podcast, whenever Ashcroft sells a property, we’ll hear the details from Frank and Joe! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Frank Roessler Real Estate Background: Founder of Ashcroft Capital Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments Based in NYC Say hi to him at ashcroftcapital.com Best Ever Tweet: “You can do everything else right, but if you can’t execute, you can really screw up an investment” - Frank Roessler Learn more about Frank: JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

At a very young age Igor has figured out how to build a consistent and profitable house flipping business. Not only has he been exceptional at networking and establishing advantageous business relationships, his business is structured smartly and his team is performing very well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “At the time I didn’t know what a quit claim deed was, we learned our lesson on that one” - Igor Kajpust Igor Mike Kajpust Real Estate Background: 22 year old full time investor specializing in SFR Purchased $8.5M of flips in 2018 across 35 flip deals, sold 20 of them in 2018 for $1.15m profit and have $1.25m in equity in the remaining 15 Goal is to do 500 sfr deals in 2019 Based in LA, CA Say hi to him at http://amoove.com/ Best Ever Book: Principles Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Blockchain. You’ve heard of it, you may know a little about it, now how can it help us as real estate investors? Matthew has built a company that helps people invest in real estate all over the world without a third party. We’ll walk through a case study of what one can expect if using the blockchain to invest in real estate with his company. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “We’ll buy some of the equity in your home, you pay us back when you sell” - Matthew Sullivan Matthew Sullivan Real Estate Background: Founder and CEO of QuantumRE Co-Founder of the $50 million Secured Real Estate Income Strategies Fund President and founder of Crowdventure, LLC, a real estate crowdfunding company Listen to his previous Best Ever Episode: JF435: Buying 1st and 2nd Mortgages and…CROWDFUNDING! Based in Newport Beach, CA Say hi to him at http://www.quantm.one/ Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many people would like a way to invest in real estate and pay less taxes. Well what a lot of people may not know, is that they may have the capital available to do this, they just have to move it around, get it into a self directed IRA, and have some professional guidance. Listen in for tips on executing this strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “South Dakota and New Mexico are the best states to get a license in” - Edwin Kelly Edwin Kelly Real Estate Background: Expert on Self Directed Retirement accounts and self-directed investment strategies CEO and Co-Founder of Specialized IRA Services He has more than 24 years of experience in the Financial Services Industry Based in Albuquerque, NM Say hi to him at https://specializediraservices.com/ Best Ever Book: Losing My Virginity by Richard Branson Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re just getting back from Denver and the Best Ever Conference. Joe is sharing his top lessons learned from the conference. Some surprising lessons learned from a comedian, and other real estate related lessons. We’ll also get updates from the two of them on their businesses, and how their lessons can help us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “He took advantage of a situation that he was presented time and time again, and turned it into an asset” Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Part two of the T-12 walk with Theo. You’ll want to listen in to learn even more details about the trailing 12. It’s important to understand this statement so you don’t make a bad decision on a deal that costs you money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “The total income - total operating expenses is what’s used to determine the value of the property” Free Document (Real T-12 from a deal): http://bit.ly/trailing12 Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Last week’s syndication school episodes were all about the rent roll. This week, Theo is talking about the T-12 (trailing 12, profit & loss statement) it has different names sometimes, but we’ll refer to it as simply the T-12. We’ve provided a free T-12 from an actual deal in the notes below. You’ll need to know how to read this statement for your apartment syndication business. If you never plan to buy larger apartment buildings, you’ll still need this skill for smaller properties if you want to accurately perform your due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Gross potential rent on the T-12 and the rent roll should be pretty close” Free Document (Real T-12 from a deal): http://bit.ly/trailing12 Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Steven considers himself a “beginning” investor… Who has 150 properties purchased in his first two years of investing. Maybe not quite a beginner in a lot of eyes, but for himself and his goals, he’s just getting started. We’ll take a dive into how he has been able to scale to the level he is currently at in just two years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Whenever you take on the decision to cut overhead, it’s a trade off” - Steven Pesavento Steven Pesavento Real Estate Background: Been investing in real estate for two years Bought and sold 150 properties Based in Denver, CO Say hi to him at www.theinvestormindset.com Best Ever Book: Never Split The Difference Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

In one summer, Chandler signed up 450 homes on pest control contracts, putting about $96k in his pocket. He still leads sales reps, and points out the direct correlation between success in sales and being a successful real estate investor. Most important trait for success in either field? Chandler says hard work will get you there, but he also has tactics to share. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “I’ve gotten more creative as time has gone on” - Chandler David Smith Chandler David Smith Real Estate Background: Real estate investor for the last 5 years Invested in 60 doors that gross $300k per year Based in Idaho Falls, Idaho Say hi to him at chandlerdavidsmith.com Best Ever Book: Happiness Advantage Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Christian and his company help people establish their own nonprofit organizations. You’ve probably heard how complicated and time consuming the process is, clouded with red tape that takes months to years to clear up. Changemakers is here to help minimize those hassles and get your giving back efforts established more efficiently than what is typical. Hear some great tips on how to establish your own efficiently, or hear how Christian and his team can help. We’re only on this earth for a short period of time, it’s important to try to make it better while we’re here. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “Someone wants to create a non profit because they see a need that is not being filled” - Christian LeFer Christian Lefer Real Estate Background: Founder and CEO of Changemakers Starts and manages 501(c)3’s for successful business owners, investors, execs and celebrities Has raised millions and run many campaigns during his decade-plus of fundraising Based in Denver, CO Say hi to him at https://changemakers.world/ Free PDF for starting a 501(c)3 www.changemakers.world/realestate Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices

Steve wanted to make more money, but felt bad for doing it. He first had to overcome that mindset, after he realized it was okay to work less and earn more, he was able to build a business over the past two years. He’s flipping houses, and just closed on a 20 unit. We’ll he’ll tactical advice from some of his deals, as well as how to build a great team and leverage other people's’ skill sets. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “If you don’t have the necessary relationships, partner with someone who does” - Steve Streit Steve Streit Real Estate Background: Real estate investor focused on developing key areas in Detroit Flipped over 70 houses in the last 18 months, actively buying 1-2 houses a week, and has a portfolio of 50 units and actively looking for more multifamily units Based in Detroit, MI Say hi to him at https://www.stevemovesmichigan.com/ Best Ever Book: Never Split The Difference Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners. Learn more about your ad choices. Visit megaphone.fm/adchoices