Best Real Estate Investing Advice Ever

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis Watts breaks down the three steps he uses to determine if an investment is right for him at any given point in time. They include knowing your goals, knowing your values, and evaluating the investment to see if it matches those two things.   Sponsors BV Captial BAM Capital Rentec Direct

Jason Balara of Lark Capital Group shares his journey from being a veterinary surgeon to becoming a successful real estate investor. With a focus on multifamily properties, student housing, self-storage, and even small businesses, he provides insights and strategies that will captivate commercial real estate investors looking for diverse opportunities. Key Takeaways: Diversification Matters: While specializing in multifamily properties in a specific market, he also explores opportunities in student housing, self-storage, and even small businesses. Diversification can help mitigate risks and create a well-rounded portfolio. The Power of Syndication: Syndication allows investors to scale their projects and take on larger deals while transitioning from a hands-on approach to a more CEO-like role. It's a way to leverage the expertise of others and build wealth over the long term. Impact-Driven Investing: Apart from financial gains, Jason discusses the importance of making an impact through investments. He shares his commitment to helping fellow veterinarians improve their financial situations and highlights the significance of strategic partnerships and giving back to the community. Jason Balara | Real Estate Background CEO Lark Capital Group Portfolio: Active: 236 units multifamily 450 units self-storage 101 units student housing Passive 600+ units multifamily Fund: 450 units multifamily Based in: Los Angrles, CA Say hi to him at:  Instagram LinkedIn Know Your Why Podcast www.larkcapital.com Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Perfection is the enemy of growth.   Sponsors BV Captial BAM Capital Rentec Direct

Brian Alfaro of Headway Capital Investments provides valuable insights on how to succeed in the competitive world of commercial real estate investing from building trust with investors to navigating the complexities of raising capital. Brian Alfaro | Real Estate Background Headway Capital Investments Portfolio: 3,335 units Based in: Houston, TX Say hi to him at:  LinkedIn headwayinvestment.com Best Ever Book: 7 Habits Of Highly Effective People by Stephen Covery Greatest Lesson: Watching somebody else succeed on a deal I backed out on just because I was scared. Don't get stuck in analysis paralysis. If you've done the math, and it works, go for it. Sponsors BV Captial BAM Capital Rentec Direct

Ash Patel interviews Nelson Chu, founder and CEO of Percent, a credit marketplace. Chu discusses how Percent, started in 2018, fills gaps left by banks post-financial crisis, offering private credit lending, including in real estate. He explains how Percent caters to non-bank lenders needing to raise money and highlights the increasing demand for private credit due to banking regulations and changes. Nelson Chu | Real Estate Background Founder and CEO of Percent Based in: New York City, New York Say hi to him at:  LinkedIn www.percent.com Twitter Greatest Lesson: "Previously started a company that failed; business is about timing."   Sponsors BV Captial BAM Capital Rentec Direct

On this episode of the Best Ever Show,  Joe Cornwell interviews Ryan Emrich. From an accounting background, he transitioned to real estate and focused on off-market multifamily properties by emphasizing the importance of formal partnerships and direct mail campaigns for finding deals. Ryan Emrich | Real Estate Background Blue Canyon Equity Partners Based in: Boston, MA Say hi to him at:  Instagram Tiktok Best Ever Book: Crushing It in Apartments and Commercial Real Estate - Brian Murray Greatest Lesson: "You lose control with partners, but gain new perspectives and can accomplish more." Sponsors BV Captial BAM Capital Rentec Direct

Tim Vitale, a real estate investor and co-founder of Vive Equity, shares his journey from Wall Street accountant to real estate success. He emphasizes networking, education, and adding value to others as key to his transition from single-family to commercial real estate. Vitale's story highlights the importance of long-term strategy and strong relationships in the industry.   Sponsors BV Captial BAM Capital Rentec Direct  

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode of Passive Investor Tips, Travis Watts discusses redefining retirement as a financial goal rather than an age-based concept, emphasizing the importance of passive income through real estate and sharing data on retirement savings and expenses. Sponsors BV Captial BAM Capital Rentec Direct

Ryan Tanel, founder of Top Producer Investment Capital, shares strategies to maximize returns and accelerate wealth growth such as structuring deals that appeal to different types of investors, being flexible with your business plan, and executing fast property turnarounds. Key Takeaways Know Your Investors' Goals: Tailor your deal structure to align with your investors' objectives. Some seek quick wealth accumulation, while others prefer stable, long-term investments. Understanding their goals helps you craft appealing opportunities. Force Appreciation and Trade Up: Ryan emphasizes the value of maximizing property appreciation within a shorter timeframe. Learn how forcing appreciation can lead to significant equity growth and the strategy of trading up to continually leverage your capital. Operational Challenges and Partner Selection: Real estate success hinges on effective partnerships and sound operational management. Ryan shares his experiences dealing with unexpected occupancy drops and expense increases, highlighting the importance of reliable partners and adaptability in a dynamic market. Ryan Tanel | Real Estate Background Top Producer Investment Capital Portfolio: 225 units in Texas Based in: Austin, TX Say hi to him at:  topproducerinvestmentcapital.com LinkedIn Best Ever Book: Shoe Dog by Phil Knight Greatest Lesson: Figure out who your partners really are because a lot of people can talk a big game, but when it comes to the daily grind of getting to do a lot of work or communicate effectively with a team, you really can see a different side of a lot of people.    Sponsors BV Captial BAM Capital Rentec Direct

In this episode of the Best Ever Show, Ryan and Dr. Francesca Byrne, from Cashflow Capital Club, discuss their multifamily real estate strategy. They focus on revamping underperforming properties in Texas, South Carolina, and Georgia, aiming for high investor returns through efficient management and strong partnerships.   Ryan and Dr Francesca Byrne | Real Estate Background Cashflow Capital Club Portfolio: 2,000+ limited partnerships | Actively managing 800+ units / $100M+ Based in: Dallas, TX Say hi to them at:  www.CashflowCapitalClub.com Best Ever Book: Real Estate Raw by Bill Hamm Greatest Lesson: Risk-adjusted returns with CRE vs Single Family, and how big the appetite was for our opportunities.   Sponsors BV Captial BAM Capital Rentec Direct

The Best Ever Book Club is a special monthly series hosted by Best Ever founder Joe Fairless. In each insightful episode, Joe dives into influential books that shape the world of investing, exploring key principles, strategies, and lessons to enrich both the seasoned investor and the curious novice. In this episode of the Best Ever Bookclub, Joe Fairless and co-host Paul Mueller discussed "The Asset Mindset" by Daniel Fielding, emphasizing the importance of a positive mindset, choosing the right peer group, and the power of gratitude and perspective in personal growth. They highlighted taking action against fear and avoiding negative comparisons as key to self-development. Sponsors BV Captial BAM Capital Rentec Direct

From creative financing strategies to building valuable relationships with brokers, multifamily investing expert Jered Sturm delves into the key strategies that have fueled his success. Discover how he overcame challenges, his approach to sourcing quality deals, and the crucial lessons he's learned on his journey.  Key Takeaways: Quality Deal Flow is Crucial: While opportunities may abound, focusing on deals that align with your investment criteria and market conditions is paramount. Building strong relationships with top brokers in your target market can be a strategic way to access high-quality deals. Building Meaningful Relationships: Going the extra mile to foster relationships with investors, brokers, and partners can set you apart in a competitive market. It's not just about transactions; it's about making a genuine impact. The Responsibility of Raising Capital: Jered's perspective on raising capital is rooted in responsibility. He underscores that investors should treat the capital entrusted to them as a portion of someone's life. Understanding the significance of this responsibility can guide your approach to raising and deploying capital wisely, ultimately benefiting both you and your investors.   Jered Sturm | Real Estate Background SNS Capital Group Portfolio: Multifamily assets in Ohio Based in: Cincinnati, OH Say hi to him at:  snscapitalgroup.com  Best Ever Book: Outlive by Peter Attia Greatest Lesson: Financial returns are supported by operations, and operations are supported by having the right people in the right seats that align with your organization's values.   Sponsors BV Captial BAM Capital Rentec Direct

Commercial real estate experts Slocomb Reed, Ash Patel, and Joe Cornwell share their best and worst experiences in real estate investing. They offer valuable insights, lessons, and strategies that every investor should consider. Key Takeaways: The Importance of Reserves: Slocomb Reed discusses the necessity of having sufficient reserves in real estate deals, especially when working with inherited tenant bases or C-class properties. He highlights the importance of staying disciplined and not compromising on the quality of contractors to avoid costly mistakes. Staying True to Your "Why": Joe Cornwell delves into the challenge of managing capital and the temptation to rush into new deals. He emphasizes the need to focus on your "why" in real estate investing, staying patient, and not letting idle cash dictate investment decisions. Lessons for All Investors: Ash Patel shares invaluable advice for real estate investors. He stresses the importance of comfortable idling large sums of cash, finding partners or selling deals if necessary, and understanding your "why" to maintain focus and purpose in your real estate journey.   Sponsors BV Captial BAM Capital Rentec Direct

Michael Margarella, founder of Next Play Investments, delves into the nuances of commercial real estate investing, shedding light on the intriguing dynamics of the multifamily and self-storage sectors. In this episode, we uncover the evolving trends and opportunities in these markets while gaining essential insights into the strategies and challenges that resonate with commercial real estate investors in 2023. Key Takeaways: Shifting Market Trends in 2023: Michael discusses how market trends have evolved in the commercial real estate space. In 2021 and 2022, self-storage opportunities seemed abundant, but by 2023, there was a decline in available self-storage opportunities. Multifamily, on the other hand, started to see more appealing opportunities in the latter half of 2023, attracting reasonable sellers. Understanding these market shifts is crucial for investors to adapt their strategies. Direct-to-Seller and Broker Relationships: Michael emphasizes the importance of building strong relationships with both sellers and brokers. He highlights the value of getting direct to sellers and shares his plans to enhance this aspect of his business in the coming years. Additionally, he discusses the significance of being on brokers' shortlists and fostering connections that make investors top of mind when opportunities arise. The Power of Lean Investing: One valuable lesson from the conversation is the importance of avoiding over-reliance on pro forma assumptions. Michael shares an example where their pro forma projections were heavily dependent on a new building, leading to challenges, delays, and increased costs. This experience highlights the significance of lean investing and relying on existing property fundamentals rather than overly optimistic assumptions.   Michael Margarella | Real Estate Background Next Play Investments Portfolio: Self-storage facilities (200,000 sq. ft.) Multifamily (~200 units) Based in: New York, New York Say hi to him at:  nextplayinvestments.com Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki Greatest Lesson: Specific to self-storage, never move forward on a deal that only pencils with the addition of a newly constructed building on the property.   Sponsors BV Captial BAM Capital Rentec Direct

Commercial real estate experts Slocomb Reed, Ash Patel, and Joe Cornwell share their best and worst experiences in real estate investing. They offer valuable insights, lessons, and strategies that every investor should consider. Key Takeaways: The Importance of Reserves: Slocomb Reed discusses the necessity of having sufficient reserves in real estate deals, especially when working with inherited tenant bases or C-class properties. He highlights the importance of staying disciplined and not compromising on the quality of contractors to avoid costly mistakes. Staying True to Your "Why": Joe Cornwell delves into the challenge of managing capital and the temptation to rush into new deals. He emphasizes the need to focus on your "why" in real estate investing, staying patient, and not letting idle cash dictate investment decisions. Lessons for All Investors: Ash Patel shares invaluable advice for real estate investors. He stresses the importance of comfortable idling large sums of cash, finding partners or selling deals if necessary, and understanding your "why" to maintain focus and purpose in your real estate journey. Sponsors BV Captial BAM Capital Rentec Direct

In this podcast episode, Ash Patel interviews Jim Sheils who discusses his transition from renovating to building new construction properties in Florida, focusing on the build-to-rent sector. He highlights the advantages of new constructions, the company's approach to targeting affordable markets, and their comprehensive property management services. The episode provides insights into investment strategies and the benefits of new constructions for investors. Key Takeaways: Shift to New Construction: Jim Sheils emphasizes the strategic shift from renovating older homes to building new construction properties, especially in response to the evolving real estate market conditions. Build-to-Rent Focus: The episode highlights the advantages of the build-to-rent sector, including its potential for better returns, reduced maintenance issues, and more predictable cash flow for investors. Comprehensive Property Management: Jim discusses the importance of offering all-inclusive property management services, easing the burden for investors and ensuring a more streamlined and efficient investment experience. Jim Sheils | Real Estate Background Partner at Southern Impression Homes & Co-Founder at 18 Summers Portfolio: Build to Rent New Construction Single Families, Duplexes, and Quads. +5,000 Buildable lots in Florida Based in: Jacksonville, FL Say hi to him at:  LinkedIn www.jjplaybook.com Best Ever Book: The Alchemist by Paulo Coelho Greatest Lesson: "Go deep in your own unique abilities & delegate the rest."   Sponsors BV Captial BAM Capital Rentec Direct

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this installment of Passive Investor Tips, Travis Watts discusses three strategies to gain a broader perspective in real estate investment. He focuses on foundational aspects beneficial to both beginners and experienced investors, emphasizing principles and life lessons vital in the field of real estate.   Sponsors BV Captial BAM Capital Rentec Direct

In this episode, we dive deep into a powerful wealth-building strategy with real estate investor and military veteran, Charlie Hardage. Charlie shares his insights on using Home Equity Lines of Credit (HELOCs) to accelerate your real estate investments. Learn how to leverage HELOCs, even if you have a W-2 job, and discover the game-changing benefits of this strategy. Key Takeaways: HELOCs: A Game-Changing Tool for Real Estate: Charlie explains how HELOCs can be a powerful tool for real estate investors, allowing them to tap into their home equity to fund new investments, all while minimizing closing costs and interest payments. He shares his own experiences using HELOCs to invest in various real estate opportunities, from apartments to self-storage. The Importance of Tracking Net Worth: Tracking your net worth is a critical step towards financial success. Charlie emphasizes the significance of monitoring your net worth regularly, as it provides an accurate measure of your financial progress. Setting ambitious goals and celebrating your achievements along the way can keep you motivated and focused on building wealth. Giving Back: Apart from his real estate journey, Charlie and his wife are passionate about giving back to the community. They have plans to establish charities to combat food waste and support local communities with healthy food options. Additionally, Charlie's military background fuels his desire to create a sense of community for veterans, especially those dealing with PTSD, to ensure they never feel alone.   Charlie Hardage | Real Estate Background H&K Investment Group LLC Portfolio: 1,050+ units across six properties Based in: Nashville, TN Say hi to him at:  LinkedIn Passive Investor's Playbook Podcast Best Ever Book: The Gap and The Gain by Dan Sullivan Greatest Lesson: You need to think like the wealthy if you want to be wealthy.   Sponsors BV Captial BAM Capital Rentec Direct

Ian Cruz, a seasoned real estate investor, shares his experiences and strategies in the world of commercial real estate. From networking tips that have propelled his success to the power of taking action and learning from mistakes, Ian's expertise is your secret weapon to thrive in the competitive world of commercial real estate.  Key Takeaways: The Power of Networking: Ian emphasizes the importance of networking and how it played a pivotal role in his real estate journey. He recommends attending various meetups and events, even those outside your comfort zone, to expand your network and find like-minded investors. Taking Action and Learning from Mistakes: One of the most significant lessons Ian shares is the importance of taking action. He highlights the trap of analysis paralysis and how it hindered his progress initially. Ian encourages aspiring investors to start, even if it feels uncomfortable, as the best learning often comes from real-world experiences. Building Trust in Partnerships: Ian discusses the value of trust in forming successful partnerships. He touches on the significance of transparent communication, sharing experiences, and building a track record to attract capital partners. Additionally, he emphasizes the importance of having the right team, local connections, and systems in place to ensure project success.   Ian Cruz | Real Estate Background Partner at ELEV8 Capital Portfolio: Over 20 units of short, mid, and long-term rentals and multifamily in the Bay Area and Cincinnati Based in: San Jose, CA Say hi to him at:  Instagram Best Ever Book: Outlive by Peter Attia Greatest Lesson: Not getting started. I got stuck in the analysis paralysis phase for too long and should have been taking action.   Sponsors BV Captial BAM Capital Rentec Direct

In this episode, we sit down with Shelley Peterson, a seasoned real estate investor and co-founder of Kahuna Investments, to discuss her journey in the world of commercial real estate investing. Shelley shares valuable insights into the challenges and opportunities she has encountered, emphasizing the importance of mentorship and taking action. We also delve into her unique approach to syndication and her commitment to giving back to the community. Key Takeaways: Jump In and Take Action: Shelley's advice for aspiring real estate investors is simple yet powerful – don't overanalyze, take action. She encourages investors to dive into their first deal, whether through partnerships or joint ventures, and gain hands-on experience. Learning by doing is the fastest way to understand the intricacies of the real estate market. Importance of Effective Team Building: Shelley highlights the significance of building an effective team within your real estate investment endeavors. She discusses the book "The Five Dysfunctions of a Team" by Patrick Lencioni, which emphasizes trust, vulnerability, and teamwork as essential elements for success in real estate investing. Surrounding yourself with the right people is key. Community Involvement: Beyond financial success, Shelley and her team are passionate about giving back to the community. They actively engage in charitable activities and emphasize the importance of contributing resources and time to support local causes. As a real estate investor, making a positive impact in the community goes hand in hand with financial success. Shelley Peterson | Real Estate Background President of Kahuna Investments Portfolio: 3,000 units valued at over $250 million Based in: Chandler, AZ Say hi to him at:  kahunainvestments.com LinkedIn Best Ever Book: 12 Rules of Life by Jordan Peterson Greatest Lesson: Finding the faith and courage to undergo a personal reinvention.   BV Captial BAM Capital Rentec Direct

In this episode, Ash Patel interviews Michael Mandel, the CEO of CompStak, a leading provider of commercial real estate data. They delve deep into the world of commercial real estate data, discussing how it can be a game-changer for investors and uncovering the power of creativity in real estate investments. Listen in as they explore various data sets, discuss case studies, and provide insights into finding profitable deals using data-driven strategies. Key Takeaways: Creativity Trumps Data Alone: While data is essential, Michael emphasizes that the key to success in commercial real estate investing lies in creativity. Investors who can think creatively and find unique ways to extract value from properties will often achieve the most significant returns. Data-Driven Decision-Making: Michael highlights how investors can leverage data to make informed decisions. They discuss the importance of using multiple data sets, such as lease rates, property details, loan data, and market analytics, to identify opportunities and mitigate risks. Identifying Profitable Deals: The conversation explores how data can help investors identify potentially lucrative deals. By analyzing data on property leases, square footage, loan maturities, and more, investors can uncover properties with untapped potential, creating opportunities for significant returns on investment. Michael Mandel | Real Estate Background CEO and Co-Founder of CompStak Based in: New York, NY Say hi to him at:  LinkedIn compstak.com Best Ever Book: The Hard Thing About Hard Things by Ben Horowitz Greatest Lesson: The real estate investors that are gonna be the most successful are those who are the most creative, who can see beyond that data and find a new way to make money from an asset that isn't otherwise obvious.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Rentec Direct Syndication Attorneys

In this insightful episode, commercial real estate investor Justin discusses valuable insights and trends in the industry. Join the conversation as he shares his experiences in managing and growing his portfolio. From the evolving demand for one-bedroom apartments to the secrets of managing studios, Justin delves into what it takes to succeed in the dynamic world of commercial real estate. Key Takeaways: Shifting Apartment Demand: Justin highlights the changing landscape of apartment demand, emphasizing the surprising growth in one-bedroom units. He explores the factors driving this shift and how it relates to broader economic trends. Maximizing Studio Apartments: Justin shares his strategies for success with studios, from managing turnovers to optimizing rental income. His insights shed light on why studios are in high demand and how to capitalize on their appeal. Thought Leadership and Branding: Justin's best-ever advice revolves around building a thought leadership platform. He stresses the importance of utilizing social media, podcasts, blogs, and meetups to showcase your expertise and attract valuable opportunities in the commercial real estate industry. Justin Goodin | Real Estate Background Next Level Equity Portfolio: 500 units Based in: Indianapolis, IN Say hi to him at:  nextlevelequity.com nextlevelfinancialmodeling.com Best Ever Book: Limitless by Jim Kwik Greatest Lesson: Choose quality over price when it comes to contractors. It can make or break your entire project.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Rentec Direct Syndication Attorneys

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. On todays episode of Passive Investor Tips, Travis Watts examines the stages of market cycles, pointing to current signs of a potential recession, such as rising interest rates and inflation. It contrasts these indicators with the recent profit in market indexes and stable housing prices, suggesting a complex economic situation. Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Rentec Direct Syndication Attorneys

Are you curious about the untapped potential of the commercial real estate market? Discover the power of holding property and the critical lessons learned by J Scott in his journey of flipping 450 houses. Join us as we delve into the fascinating insights he shares about affordability, government intervention, and cash management in this engaging episode. Key Takeaways: Market Dynamics and Affordability: J Scott discusses the evolving dynamics of the real estate market, emphasizing the impact of shifting demographics on affordability. He highlights the importance of understanding the distinctions in the rental market and how different income brackets are affected. Cash Management and Inflation: J Scott emphasizes the significance of cash management and the role it plays in real estate investing, especially during periods of inflation. He provides valuable insights into the relationship between inflation and treasury yields, offering a balanced perspective on the impact of inflation on investment strategies. Government Intervention and Long-Term Solutions: J Scott explores the role of government intervention in addressing affordability challenges in real estate. He advocates for incentivizing investors to create market-based solutions, rather than relying solely on legislative measures, and discusses the potential long-term implications for the real estate landscape.   J Scott | Real Estate Background Partner at Bar Down Investments and Host of the Drunk Real Estate Podcast Portfolio:  About 1,000 units of SFR and multifamily 5,000 units as an LP Based in: Sarasota, FL Say hi to him at:  jscott.com Best Ever Book: Thinking, Fast and Slow by Daniel Kahneman Greatest Lesson: The value in holding property for the long-term. That's where real wealth building happens.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital Rentec Direct Syndication Attorneys      

In this episode, we dive deep into the world of commercial real estate with Mike Holdwick, a seasoned investor who has mastered the art of asset diversity and high returns. Mike shares his journey from a W2 employee to a successful real estate entrepreneur, offering valuable insights and strategies that can help commercial real estate investors achieve financial freedom. Key Takeaways: Diverse Asset Portfolio: Mike emphasizes the importance of diversifying your commercial real estate investments. From neighborhood offices to flex spaces, industrial properties, and medical buildings, he highlights how owning various asset types can provide stability and growth opportunities even in changing market conditions. Taking Control of Your Finances: Mike's journey reflects the power of taking control of your financial destiny. He shares his transition from working a full-time job to actively building his real estate portfolio on the side, proving that with the right mindset and strategies, it's possible to create a path to financial freedom. Raising Capital and Adding Value: While Mike has been successful in his investments, he's also on the verge of taking the next step—raising capital from investors. He discusses the importance of educating potential investors about real estate opportunities and being transparent about risks and returns. By doing so, he aims to help others achieve their financial goals through real estate. Mike Holdwick | Real Estate Background Managing Partner at Pro Team Commercial Portfolio: 5 commercial buildings (industrial, office, retail, medical) and 1 AirBNB totaling 40k sq ft Based in: Suburban Detroit, Michigan Say hi to him at:  LinkedIn Instagram Best Ever Book: 4-Hour Work Week by Tim Ferriss Greatest Lesson: Being asset agnostic and maximizing the potential of your portfolio is the best way to create long-term wealth.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital

In this episode, our hosts, Ash Patel, Joe Cornwell, and Slocomb Reed engage in a lively roundtable discussion about the challenges and opportunities presented by the current real estate market, emphasizing the importance of stress-testing deals and being prepared for various scenarios. The conversation touches on topics such as underwriting, creative deal structures, and the shifting dynamics in the Midwest market.  Key Takeaways: Stress-Test Your Deals: In the current market, it's crucial to stress-test your real estate deals. Factors like rising interest rates, potential vacancies, and unforeseen challenges should be considered in your financial projections. Creative Deal Structures: To succeed in the competitive market, consider creative deal structures. Whether it's negotiating seller financing, concessions, or exploring unique opportunities, having flexibility in your approach can make a significant difference. Long-Term Focus: Expect longer hold times for your investments. With uncertainty in the market, planning for a five-plus year window rather than short-term flipping is a prudent strategy to manage risk effectively. Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow. In this episode, Slocomb Reed discusses the crucial signs that property owners and real estate investors should be aware of during the due diligence period when acquiring new apartment buildings. Reed shares 12 red flags that may indicate tenants are likely to vacate soon after the transition in ownership or management. These flags include late rent payments, a lack of concern for property maintenance, sparse furniture in units, intentional damage, subletting without permission, vacant apartments listed on the rent roll, unauthorized pets, and more. Reed also delves into the significance of non-English speaking tenants within migrant communities and how their relationships with landlords can impact occupancy.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital

In this episode, we dive deep into the world of multifamily real estate with David Lilley, the CEO of REAP Capital. David shares his journey from single-family rentals to becoming a successful multifamily investor, emphasizing the importance of creativity and tenacity. He provides valuable insights into his unique approach of vertically integrating property management and construction into his investments. Discover how David has consistently achieved impressive returns for his investors and what it takes to thrive in the multifamily market. Key Takeaways: Creativity and Tenacity: David emphasizes the importance of thinking outside the box and approaching real estate investments with creativity and tenacity. These qualities have allowed him to succeed and stand out in a competitive market. Vertical Integration: By bringing property management and construction in-house, David has gained more control over his investments and improved communication within his team. This approach has proven to be a key factor in his success. Philanthropy and Giving Back: David discusses his commitment to philanthropy, particularly his support for St. Jude Children's Research Hospital. He shares his plans for future nonprofit involvement, highlighting the importance of giving back to the community.   David Lilley | Real Estate Background CEO, Reap Capital Portfolio: Multiple properties in Texas Based in: Dallas, Tx Say hi to him at:  ReapCap.com Best Ever Book: The Hands Off Investor by Brian Burke Greatest Lesson: Your network is your net worth.   Click here to learn more about our sponsors: BV Captial CRE Daily BAM Capital

In this episode, we delve into the world of cross-border real estate investment with Thomas Lorini, CEO of VentureCo Capital. Thomas shares his experiences and strategies for investing in commercial real estate across the United States and Canada. From diversifying portfolios to vetting partners, his insights are valuable for both seasoned investors and newcomers looking to explore opportunities beyond their borders. Key Takeaways: Diversification Across Markets: Thomas emphasizes the importance of diversifying investment portfolios across different markets. While many investors focus on hot markets like California, Thomas has found success in the often-overlooked Midwest, where cap rates are more favorable. He highlights how markets like Cleveland and Columbus are experiencing significant appreciation, offering unique opportunities for cash flow and growth. Partnering for Success: To mitigate risks and ensure success, Thomas stresses the significance of vetting operators and partners carefully. Whether it's partnering with experienced operators in specific markets or collaborating with developers, understanding the track record and capabilities of your partners is crucial. This due diligence helps protect both your and your investors' capital. Guidance for Canadian Investors: Thomas offers valuable advice for Canadian investors looking to venture into the U.S. real estate market. He recommends exploring two paths: slow and steady or strategic partnerships with experienced operators. Financing challenges for foreign investors often necessitate careful planning, and Thomas underscores the importance of understanding the differences in regulations, financing options, and tax considerations between the two countries.   Thomas Lorini | Real Estate Background CEO of VentureCo Capital and Real Estate Coach Portfolio: 400+ multifamily units in a variety of markets across US and Canada Based in: Irvine, CA Say hi to him at:  LinkedIn Instagram venturecocapital.com Thomalorini.com Best Ever Book:  The Bible Greatest Lesson: Surround yourself with people that are better and more skilled than you.   Click here to learn more about our sponsors: BV Captial CRE Daily

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis dives into the different types of multifamily business plans, sharing the risks and needs of each, including core asset, core plus, value add, opportunistic, and ground up construction. Click here to learn more about our sponsors: BV Captial CRE Daily

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, we sit down with Ben Bauer, a seasoned real estate investor and attorney, to explore the intricacies of commercial real estate investing. With a wealth of experience in both residential and commercial properties, Ben shares valuable insights on deal structures, seller financing, and the impact of early exposure to real estate.  Key Takeaways: Deal Structuring Wisdom: Ben highlights the significance of sound deal structures, particularly in complex commercial real estate transactions. He emphasizes the importance of seeking legal counsel and networking within local real estate investor groups to make informed decisions. Seller Financing Strategies: When it comes to seller financing, Ben stresses the importance of detailed contracts. He recommends specifying all terms and attaching draft notes and mortgages as exhibits to the purchase contract. This transparency ensures all parties are on the same page, reducing potential conflicts down the line. Early Exposure to Real Estate: Reflecting on his own upbringing around real estate, Ben underscores the value of exposing young minds to entrepreneurial thinking. Encouraging questions and fostering an environment that promotes independent thinking can lay the foundation for a future in real estate or any entrepreneurial venture.   Ben Bauer | Real Estate Background Real estate investment lawyer of The Bauer Firm, LLC Portfolio: 8 units from single family rentals and small multifamily properties Based in: Cincinnati, Ohio Say hi to him at:  thebauerfirm.com Best Ever Book: Snow Crash by Neal Stephenson Greatest Lesson: Success is all about mindset, courage, and confidence.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, we delve into the world of commercial real estate investing with Bob Thomas, a seasoned investor with over a decade of experience. Join us as Bob shares valuable insights into his journey across various asset classes, the importance of partnerships, and strategies for navigating the ever-changing real estate market. Key Takeaways: The Power of Partnerships: Bob emphasizes the significance of forming strategic partnerships in real estate investing. Collaborative partnerships allow investors to leverage each other's strengths, pool resources, and pursue larger deals with greater efficiency. Aligning incentives and complementary skill sets within partnerships is essential for success. While Bob excels in capital raising and acquisitions, he acknowledges his weakness in construction project management. Partnering with experts in diverse areas can lead to creative and synergistic outcomes. Thinking Big and Setting Ambitious Goals: Bob draws inspiration from Stephen Schwarzman's book, "What It Takes," highlighting the importance of thinking big in real estate. He believes that if you're going to invest your time and effort, it's best to aim for substantial goals that challenge you. Setting big, hairy, audacious goals (BHAGs) can push investors in the right direction. Bob's goal is to grow his portfolio to a trillion dollars in assets under management, emphasizing that a big vision drives progress and innovation. Educating for Financial Literacy: Bob's commitment to financial education extends beyond real estate investing. He actively engages in financial literacy talks, teaching both investors and school children about creating generational wealth, passive income, and sound financial practices. Recognizing the importance of breaking free from a traditional W-2 mindset, Bob believes that introducing children to alternative paths early in life can help them make informed financial decisions and plan for a prosperous future.   Bob Thomas | Real Estate Background Chief Investment Officer & Co-Founder of Peak Asset Management Portfolio: ~200 units of multifamily ~100k sq ft. of commercial retail/office Based in: Portland, OR Say hi to him at:  peakassetmgt.com LinkedIn Best Ever Book: What It Takes by Stephen Schwarzman Greatest Lesson: Selecting the right partners is the most critical piece to one's success or failure. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, we delve deep into the world of commercial real estate with Jay Balekar, a seasoned investor who has scaled his portfolio significantly in just two years. Jay shares valuable insights into strategies for success, market conditions, and tackling the affordability crisis. Whether you're a seasoned commercial real estate investor or just starting, you won't want to miss this conversation. Key Takeaways: Adapting to Market Conditions: Jay emphasizes the importance of staying adaptable in today's commercial real estate market, which is seeing rising costs, inflation concerns, and shifting rent dynamics. His strategy involves being patient, underwriting deals carefully, and maintaining a focus on operations to navigate these challenges effectively. Solving the Affordability Crisis: Addressing the affordability crisis in real estate requires more than just handing out subsidies to tenants. Jay suggests incentivizing developers and private investors to create affordable housing by reducing construction costs in targeted areas. He argues that this approach can lead to sustainable, financially viable solutions. The Power of Delegation: Jay highlights the value of delegation in real estate investing. He recommends focusing on your strengths, leveraging your team, and improving operational efficiency. By doing so, investors can scale their portfolios and make more informed decisions in the complex world of commercial real estate.   Jay Belekar | Real Estate Background Founder of Compounding Capital Group Based in: Cincinnati, OH Say hi to him at:  LinkedIn Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Be careful who you listen to, which guru you choose, which books you read. Don't just look at those feel good YouTube videos about how in one year people quit their jobs and are now driving Lamborghinis. That does not happen. That's not sustainable. So you gotta put in the work.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, Andrew Freed, an experienced commercial real estate investor, shares his journey from a one-bedroom condo owner to managing a diverse portfolio of multifamily properties. He discusses his innovative syndication approach, lessons learned from past investments, and strategies for maximizing returns while mitigating risks. Key Takeaways: Syndication Strategies: Andrew explains the intricacies of syndicating a diverse portfolio of 12 properties with 65 units. He delves into the importance of negotiating a partial release clause with lenders, which allows for the sale of individual properties and offers greater flexibility in managing debt. Investor-Focused Approach: Andrew's syndication model prioritizes investor returns. He outlines a transparent and straightforward profit-sharing structure, with investors receiving a preferred return and a substantial portion of profits, resulting in higher internal rates of return (IRRs). Continuous Self-Development: Andrew emphasizes the significance of self-discovery and personal development in the entrepreneurial journey. He encourages aspiring commercial real estate investors to focus on becoming the best versions of themselves to achieve their investment goals.   Andrew Freed | Real Estate Background Founder of Freedom Management Portfolio: 95 Units - 65 units in New Bedford MA, 29 units in Worcester, 1 condo in Boston Based in: Worcester, MA Say hi to him at:  LinkedIn Instagram Best Ever Book: The Wealthy Gardener by John Soforic Greatest Lesson: Have an endless desire for self-development and self-discovery.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, Ash Patel interviews Tim Little, a seasoned commercial real estate investor and founder of Zana Investments. Tim shares his journey from the military to real estate investing and offers valuable insights into the challenges and opportunities in the commercial multifamily space. Key Takeaways: The Importance of Partner Selection: Tim emphasizes the significance of vetting potential partners when considering long-term commitments in real estate deals. He highlights the need for aligned values and the ability to work cohesively with partners over extended periods. Managing Investor Expectations Amid Rising Rates: Tim discusses the challenges of managing investor expectations when cash flow is impacted by rising interest rates. He stresses the importance of transparent communication with investors, explaining the reasons behind temporary suspension of distributions and the potential impact on long-term returns. Diversification and Exploring Other Asset Classes: Tim acknowledges the changing landscape of commercial real estate and the need for diversification. He shares his interest in exploring alternative asset classes like express car washes and self-storage. Tim highlights the importance of educating investors when diversifying into new asset types.   Tim Little | Real Estate Background Founder of ZANA Investments Portfolio: 693 co-owned units valued at over $90M Based in: Tampa, FL Say hi to him at:  LinkedIn zanainvestments.com  Best Ever Book: Atomic Habits by James Clear Greatest Lesson: Vet your partners sufficiently. These are 3 to 10 year commitments, so you not only need to get along with them, your values need to be aligned and you need to know that you can work with these people for the long haul.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Slocomb Reed hosts seasoned commercial real estate investor, Kurt Weil. The duo delves into the intricacies of syndications, the pitfalls of partnerships, and the changing dynamics of commercial real estate investments in today's fast-paced world. For anyone diving into commercial real estate or looking to refine their strategies, this conversation with Kurt is a goldmine of actionable advice. Key Takeaways: Adaptability is Key: As the commercial real estate landscape evolves, the most successful investors will be those who remain adaptable and open to learning. Outline Partnership Expectations Upfront: Avoid the common pitfall of mismatched partner expectations by discussing responsibilities and roles clearly before striking a deal. Networking is Essential: Despite the digital age, word of mouth and personal connections remain invaluable. Whether it's through platforms like LinkedIn or personal contacts, maintaining a robust network can open doors to hidden opportunities.   Kurt Weil | Real Estate Background Founder of Incline Commercial Portfolio: Multifamily and industrial flex Based in: Cincinnati, OH Say hi to him at:  LinkedIn Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki Greatest Lesson: Choose your partner wisely, and define expectations.  Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis offers guidance on how to identify your risk tolerance when it comes to investing so that you can select the right deals that align with your goals. He also shares insights into risk premiums and how to determine what your investing strategy should be depending on your current financial situation. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Diana Lin is an accomplished entrepreneur who has experienced a remarkable journey from architecture to real estate. Diana shares her valuable insights on various aspects of the commercial real estate industry, including partnership strategies, capital raising, and conquering fear in real estate investing. Key Takeaways: The Power of Relationships: Diana emphasizes the significance of trust and connections in real estate investing. Building and nurturing relationships with experienced professionals can open doors to valuable opportunities and collaborations. Conquering Fear: Overcoming fear is essential for real estate success. Diana's advice is to trust but verify, and she encourages investors to seek guidance from trusted mentors and colleagues when making investment decisions. Diversification: While Diana has excelled in multifamily real estate, she advocates for exploring different asset classes and diversifying one's investment portfolio. Don't limit yourself to a single niche; instead, keep an open mind to maximize your potential in the real estate industry.   Diana Lin | Real Estate Background Navi Ventures Portfolio: GP - 648 units LP - 1,144 units and ground-up multifamily units - 150 units Based in: Dallas, TX Say hi to her at:  LinkedIn Best Ever Book: The Go-Giver by Bob Burg Greatest Lesson: Lean on sponsor's expertise. If inexperienced, partner with someone that is.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Mark Hutton unpacks the intricacies of investing in the niche of Residential Assisted Living (RAL) within the commercial real estate sector. Mark sheds light on why RAL is becoming an appealing asset for investors, the synergies of combining the real estate with the operating business, and the pivotal role of SBA-backed loans in this space. Key Takeaways: RAL's Appeal: With traditional long-term hold properties offering lower cash flow due to prevailing interest rates, RAL presents a lucrative opportunity for investors seeking higher returns. SBA-Backed Loans in RAL: These loans provide certain advantages such as long-term fixed rates and high LTVs, making them a preferred choice in the RAL space. However, they also come with specific controls like pre-defined lease terms. Learning from the Best: Mark emphasizes the importance of seeking mentorship and learning from those already successful in the RAL space, ensuring faster progress and fewer pitfalls.   Mark Hutton | Real Estate Background Founder of Mimi's House Assisted Living and Memory Care Portfolio: SFRs, commercial apartments, retail mall, resorts, and RAL homes Based in: Cincinnati, OH Say hi to him at:  MimisHouseRAL.com Facebook Best Ever Book: The Debt Millionaire by George Antone Greatest Lesson: Building a senior-centered service business is 10x more rewarding than owning rental real estate. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Slocomb Reed sits down with seasoned commercial real estate expert J.D. Schmerge to deep dive into the dynamics of the ever-changing market from decoding property valuations to the art of bridging sellers and buyers. Key Takeaways: Market Dictates Price: A property's value isn't just about a seller's listing price; it's really about what the market is willing to bear. Both sellers and brokers should approach pricing with flexibility and market awareness. Understanding Buyer Needs: There are different types of buyers in the market. Some prefer turnkey properties, while others look for opportunities to add value through renovations. Catering to these diverse needs is crucial. Realistic Expectations: Sellers should have realistic expectations regarding property prices and be ready to trust the market. This can ensure a smoother transaction process and better outcomes.   J.D. Schmerge | Real Estate Background Multifamily Broker with Si Vales Valeo Real Estate Based in: Cincinnati, OH Say hi to him at:  LinkedIn svvre.com Greatest Lesson: Be realistic on expectations, and trust that the market is going to dictate the price. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Ash Patel interviews Kranti Ponnam, a tech entrepreneur and real estate syndicator with a unique perspective on commercial real estate investing. Kranti shares insights on the intersection of technology and real estate, emphasizing the importance of treating real estate investments as businesses. Key Takeaways: Business Mindset in Real Estate: Kranti stresses the significance of approaching real estate investments with a business mindset. Just like running a company, treating your real estate investments with respect, creating systems, and analyzing data can significantly enhance your success. The Power of Taking Action: Kranti encourages aspiring real estate investors to take action rather than waiting on the sidelines. Getting involved in a deal, whether as a limited partner or general partner, sets in motion a momentum that propels your real estate journey forward. Balancing Technology and Personal Touch: While technology is a powerful tool, Kranti emphasizes the importance of maintaining a personal touch in real estate. He discusses the value of authentic content creation, ensuring that your communication resonates with your investor audience.   Kranti Ponnam | Real Estate Background Director of Capital, Four Oaks Capital Based in: San Diego, CA Say hi to at:  LinkedIn Best Ever Book: Atomic Habits by James Clear Greatest Lesson: You can be on the sidelines trying to figure things out forever. But the best thing you can do is to get on a deal in some way, and actually do it! Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Dive deep into the nuances of property management, tenant retention, and how AI can shape the future of real estate podcasting. In this enlightening episode, Mike Taddy, a seasoned real estate professional, shares his extensive experience, valuable lessons, and the role of relationship-building in this ever-evolving sector. Key Takeaways: Lean Into Your Competitive Advantage: Relationship-building is essential, not just with tenants but also with lenders and other stakeholders. Leveraging this strength can lead to significant growth and progress. Open Communication is Paramount: From pre-screening to lease signing, open and transparent communication with tenants sorts potential problems and builds a foundation of trust. Believe in Yourself: Mike's poignant advice emphasizes the importance of self-belief. When in doubt, especially in the challenging realm of real estate, betting on yourself can make all the difference.   Mike Taddy | Real Estate Background Co-Owner, Midwest Multifamily Investments LLC Portfolio 67 units - mostly small multifamily properties ranging from duplexes to 5-unit buildings Based in: Green Bay, WI Say hi to him at:  LinkedIn Best Ever Book: Rocket Fuel by Gino Wickman Greatest Lesson: Don't swing the hammer! Can't be a contractor and professional at same time - something has to give. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Dive deep into Brian Shafer's journey navigating the commercial real estate world. Brian discusses multifamily development economics, the potential of flex spaces, and how his early exposure to construction molded his investing career.  Key Takeaways: Cost Efficiency: Building multifamily efficiently could cost around $200 per square foot, which is almost half of some high-end developments. Potential of Flex Spaces: With almost the same rent as multifamily but less than half the build cost, flex spaces present a lucrative opportunity. Consider structures like 16-foot ceilings and 14-foot bay doors to optimize rent. Seeking Guidance: Both Brian and Ash stress the importance of seeking advice and understanding business models thoroughly before diving in. Recognize that there are resources available and don't hesitate to ask for help.   Brian Shafer | Real Estate Background Prosper Real Estate Investments Portfolio: Multifamily, commercial, industrial, SFR Contracts Based in: Iowa Say hi to him at:  Prosper-rei.com LinkedIn Best Ever Book: A Random Walk Down Wallstreet by Burton Malkiel Greatest Lesson: Ask for help. Consult others with more experience to look over your deals and offer insight into things you may have missed.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In the episode, Travis Watts discuss the value of consistency in investing. They highlight the importance of a repeatable success strategy, advocating for choosing proven business models and emphasizing specialization. The central idea is that while one-time success might be luck, repeated success signifies skill. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In today's episode, Joe Cornwell sits down with expert real estate investor, Dylan Koch, to unveil the power of direct-to-seller outreach and its incredible potential for commercial real estate investments. As Dylan divulges his strategies and experiences, listeners get a front-row seat to learn how to replicate these successful techniques in their own ventures. Key Takeaways: Creative Financing is Gold: Traditional listings often don't provide the flexibility that off-market deals can. By going direct-to-seller, investors can craft creative financing structures, such as seller financing, that benefit both parties. Action Over Perfection: Instead of getting bogged down by the specifics, taking immediate action and refining along the way can yield impressive results. An effective outreach, even if basic, can uncover lucrative opportunities. Direct Outreach is Transferrable: Dylan emphasizes that his methods are not exclusive to residential properties. The strategies can be effectively applied to larger commercial assets, even those in the 50-100 unit range, opening a realm of possibilities for savvy investors.   Dylan Koch | Real Estate Background Founder of Morning Brew Properties Portfolio: 29 units of single and small multifamily Based in: Cincinnati, OH Say hi to him at LinkedIn morningbrewproperties.com Best Ever Book: Broken Money by Lyn Alden Greatest Lesson: Identify your worst case scenario, and do the math to figure out what you need to do to avoid it. Then, get started - action over perfection.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Discover the ins and outs of the self-storage real estate niche with seasoned investor Cameron Barsanti. From humble beginnings to managing a multi-million dollar portfolio, Cameron provides invaluable insights into the self-storage business, focusing on deal flow, mentorship, and partnership.  Key Takeaways: Deep Discounts = Big Opportunities: Cameron emphasizes the importance of acquiring properties at significant discounts, highlighting how this strategy has fueled his rapid growth. He talks about scaling and looking for opportunities outside typical markets, showcasing that it's less about where and more about the value of the deal. The Power of Mentorship, Partnerships, and Deal Flow: Partnering with the right individuals can leverage greater opportunities than going solo. Cameron credits his success to having mentors, cultivating relationships with partners, and emphasizing the importance of constant deal flow to keep the momentum going. Operational Mistakes and Lessons Learned: Every investor makes mistakes, but the true value lies in the lessons learned. Cameron candidly shares a significant operational oversight, stressing the importance of due diligence and ensuring accurate records during property transfers.   Cameron Barsanti | Real Estate Background Founder of Storage Life Portfolio:      Over $40M in self-storage assets in six states Based in: Corrales, NM Say hi to him at:  storagelife.com Instagram LinkedIn Best Ever Book: The Mindbody Prescription by John E. Sarno Greatest Lesson: The power of cold-calling can create massive momentum and opportunities. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Ash Patel and Joe Cornwell engage in a head-to-head debate, diving deep into the nuances of commercial versus residential real estate investing. Drawing on their years of expertise, these industry titans provide insights, challenge perspectives, and share personal experiences that are bound to resonate with every real estate investor.  Key Takeaways: Vacancy & Value Growth: Joe argues that residential real estate, especially 1-4 units, is influenced heavily by comps, which can sometimes be beneficial, seeing property values doubling unexpectedly. Ash emphasizes the potential of commercial real estate, highlighting that value isn't strictly bound by comps. The signing of a long-term lease with a big name can drastically increase a property's value. Tenant Management: Commercial tenants, often business owners, tend to be more self-reliant, potentially even investing in the property's upkeep themselves. This can reduce management headaches, evictions, and provide more predictable revenue streams. Joe counters by noting that proper screening and management can similarly reduce residential real estate risks. Recession Resilience & Mixed Use Properties: Both Ash and Joe agree on the recession-resistant nature of certain types of properties, specifically mixed-use properties. Combining both commercial and residential tenants can offer a safety net for investors, ensuring steady revenue even in challenging economic climates. Joe Cornwell | Real Estate Background Founder of Realty One Stop Portfolio: 125 units Based in Cincinnati, OH Listen to his previous episodes: JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell Based in: Cincinnati, OH Say hi to him at:  Linktree   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. In this episode, Daniel Angel of Atlanta-based Apex Development Group shared his journey from Colombia to multifamily real estate in the U.S. With a current portfolio valued at over $50 million, Daniel discussed the changing dynamics of value-add multifamily investing. He highlighted the evolving investor sentiment and the challenges of finding high-return deals in today's market. Daniel Angel | Real Estate Background  Managing Partner / Apex Development Group Portfolio: Mobile home communities (752 pads, $30MM AUM) Multifamily (360 units, $50M AUM) Based in: Atlanta, Georgia Say hi to him at:  https://apexinvestments.us/ LinkedIn Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: "Learning how to enjoy every step of the way, regardless of the situation."   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Seasoned investor Tyler Lekas breaks down the multifaceted world of mobile home park investing. Diving deep into the challenges, nuances, and key strategies of the trade, Tyler offers invaluable insights from his years of experience in the field. Whether you're a newbie or a seasoned pro, this discussion promises to shine a light on the pitfalls to avoid and the best practices to embrace. Key Takeaways: Operational Complexities Can Make or Break Returns: Many investors underestimate the myriad of operational challenges in mobile home park investing. From utilities to park-owned homes, it's essential to understand the intricacies of each variable. A miscalculation or oversight can drastically impact ROI. Beware of Broker Assumptions: Not all brokers fully grasp the nuances of the mobile home park sector. As Tyler highlights, brokers may oversimplify challenges, like filling vacant pads. Investors need to perform thorough due diligence and avoid taking broker assumptions at face value. Insurance is Paramount: Tyler emphasizes the importance of being adequately insured, especially in an asset class as unique as mobile home parks. From ensuring park-owned homes to understanding the complexities of general liability, proper insurance can save investors from potential pitfalls and unexpected costs.   Tyler Lekas | Real Estate Background Co-Owner of MHCI Group Portfolio: Mobile home communities (752 pads, $30MM AUM) Based in: Little Rock, AR Say hi to him at:  LinkedIn Best Ever Book: Extreme Ownership by Jocko Willink Greatest Lesson: Owning MHCs is way more in-depth than just "owning the dirt and collecting lot rent". Do your due diligence into the asset class before diving in, so you don't bite off more than you can chew.   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.   Ash Patel welcomes the newest host of the show, Joe Cornwell, a former police officer turned multifamily real estate investor from Cincinnati. Dive in to hear Joe's journey from wearing the badge to managing multifamily properties and the valuable lessons he's picked up along the way. Key Takeaways: The Power of Pivoting: Joe Cornwell's real estate journey began in 2015, marked by intentional decisions and shifts based on market dynamics and personal growth. Whether it was moving from the police force, starting in live-in flips, or transitioning to larger multifamily investments, Joe's story emphasizes the importance of recognizing opportunities and adapting accordingly. Scaling and Growth: Joe's focus on multifamily properties, due to the economies of scale and efficiency, underlines the potential of commercial real estate investments. By stepping out of his comfort zone and consistently seeking larger deals, Joe exemplifies how to effectively scale in the real estate sector. Balancing Active Business with Investments: As the market changes, so should an investor's focus. Joe shares his strategy of toggling between his general contracting business and real estate investments, providing listeners with a nuanced perspective on maximizing ROI and time.   Joe Cornwell | Real Estate Background Founder of Realty One Stop Portfolio: 125 units Based in Cincinnati, OH Listen to his previous episodes: JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell Based in: Cincinnati, OH Say hi to him at:  Linktree   Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis shares five mindset shifts you can adopt to increase your investing results. From letting go of what's not in your control to abandoning the scarcity mentality, Travis explores why most of us are living below our max potential. Click here to learn more about our sponsors: Presario Ventures Rentec Direct

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow. In this episode, Slocomb Reed discusses the value of tenant retention for investors and landlords. He also shares four tips for retaining tenants and reducing turnover from his extensive first-hand experience owning multifamily properties. Click here to learn more about our sponsors: Presario Ventures Rentec Direct