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.

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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.

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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.

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Presario Ventures

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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.

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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. 

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

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

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

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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.

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Presario Ventures

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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.

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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.

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Presario Ventures

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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!

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Presario Ventures

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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.

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Presario Ventures

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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.

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Presario Ventures

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

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

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

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Presario Ventures

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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.

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Presario Ventures

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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.

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Presario Ventures

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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

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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."

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Presario Ventures

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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.

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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

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Presario Ventures

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

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

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

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Presario Ventures

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

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

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

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

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

Key Takeaways:

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

Darin Davis | Real Estate Background

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

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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.

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

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Presario Ventures

Syndication Attorneys

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

Aaron Saunders | Real Estate Background

• President - Spartan Construction Management
• Portfolio:
  
  •  Mutliple Self-storage Properties
• Based in: Golden, CO
• Say hi to him at: 
  • www.spartanbuilt.com
  • LinkedIn
• Best Ever Book: Multipliers by Greg McKeown and Liz Wiseman
• Greatest Lesson: "Hiring the wrong GC. I built 3 homes with the wrong builder and after 2 years and only one finished."

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Presario Ventures

Syndication Attorneys

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

Key Takeaways:

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

Darin Davis | Real Estate Background

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

Key Takeaways:

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

Andrew Sinclair | Real Estate Background

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

Key Takeaways:

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

Rebekah Taylor | Real Estate Background

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

Key Takeaways:

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

Derek Vickers | Real Estate Background

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

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

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

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

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

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys