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.

Travis Watts discusses the choice between discipline or regret in investing, emphasizing the importance of discipline for financial success. He reflects on personal family experiences to highlight the value of time over money, advocating for a life of freedom and fulfillment through wise investing.

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Direct download: JF_3465_Passive_Investor_Tips_84_final.mp3
Category:general -- posted at: 5:49am EDT

Welcome to the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.

Today’s Headlines:

  • Self-Storage Boom Set to Peak: A recent report from Yardi Matrix predicts a surge in supply for 2024 and 25, followed by a decline in later years, signaling a major shift in what’s become an attractive asset class for investors.

  • ‘Cause for Optimism’ in NNN?: Triple-net-lease average closing cap rates declined in January while inventory dropped for a second consecutive month, to signs that Chris Lomuto of Northmarq says could be “cause for optimism.”

  • Rents Are Cooling … Sort of: New “luxury” Class A supply is putting downward pressure on rents at all price points. It’s a phenomenon called “filtering,” and there are 12 U.S. markets where Class C rents are falling at least 6% year-over-year. All 12 of those markets have supply expansion rates ABOVE the U.S. average.

 

Today’s Guest: Joining host Paul Mueller on the Best Ever Show today is Jay Parsons. Jay is Head of Economics and Industry Principals at RealPage. As a rental housing economist, Jay is one of the leading voices in multifamily real estate. He’s an author, speaker, and an expert in market trends and forecasts, rental housing policy issues, property management, and more. If you want to read more from Jay on this story, he’s posted on Twitter and LinkedIn about it recently. You can also follow him on LinkedIn and on Twitter @JayParsons.

 

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Direct download: JF_3464_Jay_Parsons.mp3
Category:general -- posted at: 3:00am EDT

Mac Shelton — founding partner at Sweetbay Capital, which focuses on multifamily value-add deals in Virginia and the Carolinas — joins host Slocomb Reed on the Best Ever Show. In this episode, Mac discusses investing in student rentals before reading Joe Fairless’s Book — the Best Ever Apartment Syndication Book — and how the lack of scalability in student rentals led him and his partner to pivot to multifamily syndication. From niching down and investing in familiar markets to overcoming tenant delinquency, Mac shares his experience buying multifamily deals in the challenging landscape that defined 2023.

Mac Shelton | Real Estate Background

  •  Founding Partner at Sweetbay Capital

  • Portfolio:

    • 131 units with 60 more under contract
  • Based in Raleigh, NC

  • Say hi to him at

 

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3463_Mac_Shelton__1.mp3
Category:general -- posted at: 3:25am EDT

Valentina Brega, owner/operator of HireTrainVA.com, joins host Joe Cornwell on th Best Ever Show, sharing her story of immigrating to the U.S. from Moldova and her origins in real estate. In this episode, she discusses cutting her teeth making cold calls at a wholesaling company, what she learned about communications from analyzing her own conversations, and how hiring virtual assistants can help elevate your business and do more deals.

Valentina Brega | Real Estate Background

  • HireTrainVA
  • Hires and trains virtual assistants, primarily for real estate companies.
  • Based in: Nashville, TN
  • Say hi to her at: 
  • Best Ever Book: Traffic Secrets - Russel Brunson

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3462_Valentina_Brega__1.mp3
Category:general -- posted at: 3:34am EDT

Ivan Barratt is a multifamily owner, manager, and syndicator who specializes in large apartment communities in the Midwest. The founder and CEO of The BAM Companies, Barratt joins host Ash Patel on the Best Ever Show to discuss how his company not only weathered the high-interest-rate storm in 2023, but thrived, and is in a position to continue thriving in 2024 and beyond.

In this episode, Barratt discusses why and how his company prioritizes an operational value of traditional physical value-add approach, creating a company culture that cultivates loyal team members, how his company deploys and distributes its capital, how he’s finding deals today in a competitive market, and much, much more.

 

NOTE: He was previously on the show way back in 2018.

Ivan Barratt | Real Estate Background

  •  Founder/CEO of The BAM Companies

  • ~7500 apartments total (sold about 2,000 so far)

  • Based in Carmel, IN

  • Say hi to him at

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3461_Ivan_Barratt_BAM_Capital_1.mp3
Category:general -- posted at: 3:58am EDT

Frank Rizzo, CEO of Stone Capital, an owner/operator of mobile home communities across the Southeast, joins host Slocomb Reed on the Best Ever Show. In this episode, Frank discusses the biggest value-add opportunities in mobile home park investing and how owner/operators can cultivate long-term residents. With a focus on community-building rather than managing parks like a typical multifamily investment, Frank shares the strategies that helped him and his partner go full cycle on multiple deals.

Frank Rizzo | Real Estate Background

  • CEO / Stone Capital
  • Based in: Staten Island, NY
  • Portfolio: Owned and operated over 21 Mobile Home Communities
  • Say hi to him at: 
  • Best Ever Book: Patrick lencioni, Your Next 5 Moves
  • Best Advice: The Market Collapse of '07

 

Sponsors:

Monarch Money

My1031Pros

Direct download: Frank.mp3
Category:general -- posted at: 7:22am EDT

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

In this episode, Matt Faircloth and Tara Smiley discuss building an effective local team for managing multifamily properties, emphasizing the importance of property and asset management, and sharing insights on vendor relationships and operational strategies for success in multifamily investments.

Sponsors:

Monarch Money

My1031Pros

Direct download: mf8f2.mp3
Category:general -- posted at: 3:00am EDT

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.

This episode covers the 2024 multifamily market, highlighting a potential bullish outlook despite current challenges. Key points include a significant amount of multifamily loans maturing, the decline in new construction starts, and the anticipation of positive rent growth and cap rate adjustments. Travis Watts discusses value-add strategies and the importance of considering migration trends and the affordability gap between owning and renting.

 

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3458_Passive_Investor_Tips_83.mp3
Category:general -- posted at: 4:10am EDT

David Lucas, a self-taught investor and neuromodulation guide (trust us, he’ll explain), joins host Joe Cornwell to discuss his journey from working in film, music, and television to eventually becoming an active real estate investor. In this episode, David discusses how he taught himself how to invest in real estate, why he chose the multifamily niche, his early property management issues, and why he chose to cap himself at 29 units as an active investor before transitioning to a more passive strategy.

David Lucas | Real Estate Background

  • NeuroModulation Guide + Real Estate Investor
  • Based in: Columbus, OH
  • Portfolio: 29 units owned and managed
  • Say hi to him at: 
  • Best Ever Book: "Rich Dad Poor Dad" - Robert Kiyosaki
  • Best Advice: "You need to love, trust, believe, accept, and heal yourself, before you can peacefully and successfully run a profitable business."

 

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3457_David_Lucas_Final.mp3
Category:general -- posted at: 3:21am EDT

Darin Davis, Principal at Club Capital, joins host Joe Cornwell to discuss the opportunity in today’s market to capitalize on preferred equity. In this episode, Darin explains what preferred equity is, how it differs from common equity, and why the current climate has created a huge opportunity for investors to capitalize on pref equity. He also explains what he loves about the Texas and Florida markets and why Texas is an economic juggernaut.

Darin Davis | Real Estate Background

  • Club Capital
  • Based in: Austin, Texas
  • Say hi to him at: 
  • Best Advice: "The power of passive and residual income."

 

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3456_Darin_Davis_Final.mp3
Category:general -- posted at: 3:00am EDT

Multifamily legend Gino Barbaro — co-founder of Jake and Gino, a vertically integrated real estate company — joins host Ash Patel to discuss all things multifamily in the current climate. In this episode, Gino lifts the veil on his investing strategy in 2024 and beyond and explains why the Fed won’t raise rates again this year, why no deal is better than a bad deal, how tio find the right financing by engaging with local credit unions and small community banks, and much more.

Gino Barbaro | Real Estate Background

  • Co-Founder of Jake & Gino
  • Based in: Knoxville, TN
  • Portfolio: 1,800+ units, $280 Mil AUM
  • Say hi to him at: 
  • Best Ever Book: The 7 Habits of Highly Effective People by Stephen Covey
  • Best Advice: "Focus on long term goals."

 

Sponsors:

Monarch Money

My1031Pros

Direct download: JF_3455_Gino_Barbero_Final.mp3
Category:general -- posted at: 3:53am EDT

Host Slocomb Reed interviews Roger King, the CEO of Kings Unlimited LLC, a real estate investor education and coaching platform. In this episode, Roger discusses how he went from pursuing a music career at Berklee College of Music to investing in real estate in 1996. From his 27 years and experience in multiple market cycles, he shares his tips on how to recession-proof your portfolio, including not being afraid to pivot or reinvest yourself and having difficult conversations with investors up front.

Roger King | Real Estate Background

  • CEO of Kings Unlimited, LLC
  • Based in: Dorado, Puerto Rico
  • Say hi to him at: 
  • Best Ever Book: Think & Grow Rich by Napoleon Hill
  • Best Advice: "Just because they’re nice, doesn’t mean they’re ethical or competent."

 

Sponsors:

Monarch Money

My1031Pros

Direct download: Roger_King_Final.mp3
Category:general -- posted at: 6:17am EDT

Host Ash Patel interviews Chad Schieler, the founder and principal owner at Focused Capital. In this episode, Chad shares his experience getting started with partnerships, including the biggest lessons he learned from his early partnerships. He also discusses how he achieved the freedom that has allowed him to live in Hawaii part-time, a time he suffered from and overcame procrastination, and his blueprint for anyone to get started in real estate, including how to start raising capital from scratch.

Chad Schieler | Real Estate Background

  • Focused Capital
  • Portfolio:
    • 275 Units acquired/developed, 39 SOLD, 236 current. 1000+ units as an LP
  • Based in: Fishers, Indiana
  • Say hi to him at: 
  • Best Ever Book: 10x is easier than 2x – Dan Sullivan
  • Best Advice: "Getting outside of your comfort zone is where the magic happens."

 

Sponsors:

Monarch Money

My1031Pros

Direct download: Chad_Schieler_Final.mp3
Category:general -- posted at: 3:00am EDT

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

In this episode, Matt Faircloth focuses on the importance of effective communication and trust-building with investors in commercial real estate, emphasizing transparency and honesty in investor relations for long-term success.

 

Sponsors:

Monarch Money

My1031Pros

Direct download: Faircloth7.mp3
Category:general -- posted at: 2:57am EDT

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 discusses why chasing yield isn't the best investment strategy, sharing insights from a mentor with a high net worth who prefers low-risk investments. He emphasizes understanding risk profiles, preparing for market downturns, and determining how much income is enough.

 

Sponsors:

Best Ever Conference

Monarch Money

My1031Pros

Direct download: JF_3451_Passive_Investor_Tips_82.mp3
Category:general -- posted at: 5:54am EDT

It’s no secret what’s been happening in office real estate across the country since the pandemic. During COVID-19, as work-from-home became ingrained in the American economy, office values plummeted. Now, with $117B in US CRE office debt maturing in 2024 and a 20% vacancy rate (the highest in 40 years), investors with dry powder are preparing to capitalize. 

And it’s not just Institutional investors who are ready to pounce. According to a recent piece in Commercial Observer, Chad Carpenter, founder of Reven Capital, and Ethan Penner, CEO of Mosaic Real Estate Investors, recently launched a $1 billion publicly traded real estate investment trust to raise capital for distressed office opportunity.

In this episode, Brian Pascus, the journalist who wrote the Commercial Observer piece, joins  the Best Ever Show to discuss this trend and what it means for the future of office real estate, and investors.


You can read his full piece here.

 

Sponsors:

Best Ever Conference

Monarch Money

My1031Pros

Direct download: 3450final.mp3
Category:general -- posted at: 3:12am EDT

In this episode, Best Ever Show hosts Ash Patel and Joe Cornwell catch up for an impromptu roundtable discussion. Joe discusses the current state of his business as he tries to compete in a low-inventory multifamily environment, including marketing strategies and how he’s optimizing his deal flow. Meanwhile, Ash discusses the importance of marketing yourself (even on social media), why he thinks interest rates could actually go up rather than down, and why your ADHD might not be a flaw, but a superpower.

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: 49final.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Joe Cornwell interviews Eugene Gershman, CEO of GIS Development Core, discussing real estate development, Gershman's entry into the field through his family business, the importance of planning and team expertise in projects, challenges faced, and the evolution of their business model focusing on partnerships and geographic diversification.

Key Takeaways:

  • Eugene Gershman's journey in real estate began with a family business, highlighting the advantage of having a construction and development background.
  • The importance of meticulous planning, team expertise, and not cutting corners in real estate development for project success.
  • GIS Development Core's business model focuses on partnerships, leveraging land value, and strategic project planning to navigate market challenges and achieve growth.

Eugene Gershman | Real Estate Background

  • CEO, GIS Development Corp
  • Portfolio:
    • 320 unit apartment in permitting
    • 18-unit boutique mix use condo
  • Based in: Bellevue, WA
  • Say hi to him at:
  • Best Ever Book: Oversubscribed by Daniel Priestley
  • Greatest Lesson: Multiple delays and re-work due to incomplete design and coordination.

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Eug.mp3
Category:general -- posted at: 3:59am EDT

In today’s episode, Phil Boggia joins our host Ash Patel on the Best Ever Show. Phil is the director of acquisitions at NNN Invest, where they raise equity to buy existing and value-add NNN properties and vacant retail. A former U.S. Marshal and special agent for Homeland Security, Phil pivoted to residential real estate before discovering triple-net leasing. He then made the move to retail investing, focusing on single-tenant NNN investments. In this episode, Phil discusses how he mitigates risk in single-tenant retail, how to land national tenants, and why putting low money down isn’t always the best strategy.

 

Phil Boggia | Real Estate Background

  • Director of Acquisitions / NNN Invest
  • Raises equity to buy both existing cash flow NNN properties and value-add, vacant retail.
  • Based in:  Bergen County, NJ
  • Say hi to him at: 
  • Best Ever Book:  Rich Dad Poor Dad by Robert Kiyosaki

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Phil.mp3
Category:general -- posted at: 3:38am EDT

Paul Shannon, owner and manager of the RedHawk Real Estate Invest Wise Collective, joins our host Joe Cornwell on the Best Ever Show. Paul is also an owner-operator and LP investor who went from medical equipment sales to buying real estate, eventually investing as a limited partner, which led him to start a fund to help other LPs enjoy the benefits of real estate. In this episode, Paul discusses his strategy for vetting investment opportunities for his LPs, the maturation of the syndication model, his outlook for 2024 and beyond, and more.

 

Paul Shannon | Real Estate Background

  • CEO of Shine Insurance
  • Helps CRE acquisitions and asset management teams build and implement Risk management & insurance strategies
  • Based in:  Bloomington, IN
  • Say hi to him at: 
  • Best Ever Book: Tribal Branding by Patrick Hanlon

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Paul_Shannon_final.mp3
Category:general -- posted at: 3:47am EDT

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

In the episode, Matt Faircloth and Justin Fraser discuss strategies for successfully closing real estate deals, focusing on multifamily properties. They cover topics like equity arrangement, market selection, team building, offer making, and the importance of due diligence to ensure a deal's profitability. Justin shares insights on navigating multifamily acquisitions, emphasizing the critical role of asset management post-offer acceptance. They also delve into the complexities of contracts and negotiations in multifamily real estate.

Key Takeaways:

  • Due Diligence and Team Composition: Effective closing strategies in real estate emphasize the importance of thorough due diligence, careful market selection, and strategic team composition to ensure success.

  • Asset Management in Multifamily Acquisitions: For multifamily acquisitions, the role of asset management is critical, especially in understanding the complexities of contracts and ensuring a smooth transition from offer acceptance to successful closing.

  • Negotiation and Contractual Terms: Negotiations and a comprehensive understanding of contractual terms, such as the significance of a detailed Letter of Intent (LOI), are essential for aligning real estate deals with profitability and investment objectives.

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: JF_3445_Matt_Faircloth_6_Full.mp3
Category:general -- posted at: 3:00am EDT

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 shares his journey from time-for-money jobs to generating significant passive income, enabling a lifestyle of freedom, teaching others, and traveling. He emphasizes the power of passive income to reclaim life and offer choices beyond paycheck-to-paycheck living.

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: PIT_81_Final.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Ash Patel discusses property management and real estate investment strategies with Mike Zucker, managing partner of Peak Properties LLC. They cover Mike's journey from starting in property management to managing over 8,500 units, focusing on achieving high ROI and low vacancy for real estate investors. Mike shares his approach to property management, the importance of adapting to market changes, and strategies for maintaining and increasing property value.

Key Takeaways:

  • Adaptability and Comprehensive Service: Mike Zucker's extensive experience in property management and real estate investment has led to the management of over 8,500 units, emphasizing the importance of adaptability and comprehensive service in achieving high returns on investment.

  • The Value of Perseverance in Real Estate: Starting from the ground up, Zucker's journey from managing a six-flat building to overseeing a vast portfolio of multifamily and commercial properties showcases the value of perseverance, hands-on experience, and strategic growth in the real estate industry.

  • Strategic Property Management for Success: Peak Properties' approach to property management focuses on maximizing occupancy and minimizing vacancy through proactive measures, detailed analysis of operational costs, and strategic investments, demonstrating the critical role of effective property management in the success of real estate ventures.

Mike Zucker | Real Estate Background

  • Managing Partner, Peak Properties LLC
    • Leads a team of over 150+. Together they manage multifamily and CRE properties, valued at over $3B.
  • Based in: Chicago, IL
  • Say hi to him at: 
  • Biggest Learning Experience: "In good times and bad, smart interest rates and smart debt rule the day."

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Mike_Zucker_Final.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Joe Cornwell interviews Jeremy Goodrich, as they discuss insurance and risk management in real estate investing. They highlight the importance of a holistic approach, common mistakes, and strategies to mitigate costs.

Key Takeaways:

  • Holistic Insurance Understanding: Recognizing the importance of seeing insurance as part of a larger risk management strategy to protect investments.
  • Avoiding Common Mistakes: Learning from typical oversights in risk management, such as inadequate safety practices and documentation.
  • Cost Mitigation Strategies: Implementing methods to handle increasing insurance premiums, including the selection of higher deductibles and choosing the right insurance broker.

Jeremy Goodrich | Real Estate Background

  • CEO of Shine Insurance
  • Helps CRE acquisitions and asset management teams build and implement Risk management & insurance strategies
  • Based in:  Bloomington, IN
  • Say hi to him at: 
  • Best Ever Book: Tribal Branding by Patrick Hanlon

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Jeremyfixed.mp3
Category:general -- posted at: 5:07am EDT

In this episode, Ash Patel discusses real estate investing, lending strategies, and market trends with Kurt Weil. They explore the benefits of using lending brokers, changes in lending practices, and the importance of relationship-building with lenders. The conversation also touches on the challenges and strategies for securing loans in the current economic climate.

Key Takeaways:

  • Leveraging Lending Brokers: Utilizing the expertise of lending brokers to navigate the complex real estate lending environment, ensuring access to superior loan products and terms.

  • Fostering Strong Lender Relationships: The critical role of honesty and reliability in building and maintaining relationships with lenders, and how it impacts the success of real estate investments.

  • Adapting to the Changing Lending Landscape: Understanding the dynamics of the current real estate market and how shifts in lending practices require flexibility and strategic planning from investors.

Kurt Weil | Real Estate Background

  • President of Incline Commercial, LLC
  • Portfolio:
    • Multifamily & industrial/flex
  • Based in:  Cincinnati, OH
  • Say hi to him at: 
  • Best Ever Book: The Encyclopedia of Commercial Real Estate by Terry Painter

 

Sponsors:

Syndication Attorneys

Monarch Money

My1031Pros

Direct download: Kurt_V2.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Joe Cornwell talks with Derek Peterson about shifting his marketing firm to focus on real estate, helping operators in fundraising and marketing. Peterson highlights the importance of niching down and authenticity in marketing, and shares his journey in real estate, now overseeing over 500 doors and developing a new project in Phoenix.

Key Takeaways:

  • Importance of Niching Down in Marketing: Derek Peterson emphasizes the critical role of focusing on a specific niche in marketing to effectively attract and engage a targeted audience, leading to more successful fundraising and brand building efforts within the real estate sector.
  • Transition to Real Estate from Marketing: Peterson shares his journey of leveraging his marketing expertise to transition into the real estate industry, detailing how he has grown to manage over 500 doors and undertake significant development projects, highlighting the synergy between marketing skills and real estate success.
  • Value of Authenticity and Building Relationships: The discussion underscores the importance of authenticity in branding and marketing, alongside the power of building strong relationships and networking within the industry to facilitate growth, raise capital, and achieve long-term success in real estate investment.

 

Derek Peterson | Real Estate Background

  • Head of Adapt Media Agency and 10Y
  • Portfolio:
    • 500+ doors, including 190 unit BTR currently under construction.
  • Based in: Charlotte, NC
  • Say hi to him at: 
  • Best Ever Book: The Power of One More - by Ed Mylett

 

Sponsors

BAM Capital

Direct download: JF_3440_Derek_Peterson.mp3
Category:general -- posted at: 3:00am EDT

In this episode, Joe Cornwell talks with Saad Dar, a BRRRR investor and head at Baselane. They talk about transitioning from CPA to real estate, the benefits of BRRRR in Philly, and leveraging FinTech and PropTech. They discuss the importance of market knowledge, contractor trust, and networking for investment success.

Key Takeaways:

  • Career Pivot to Real Estate Success: Saad Dar's transition from accounting to becoming a BRRRR investor and tech entrepreneur illustrates the power of aligning one's career with their passions and the innovative intersection of real estate with technology.

  • Keys to BRRRR Strategy Mastery: The episode highlights essential strategies for BRRRR success, including deep market knowledge, solid contractor partnerships, and efficient project management, especially crucial in fluctuating markets.

  • The Power of Networking in Real Estate: Saad Dar shares the importance of building strong connections within the real estate community, offering advice on how effective networking can help overcome investment challenges and unlock new opportunities.

Saad Dar | Real Estate Background

  • Head of Baselane
  • Portfolio:
    • 20+ Units, Including Duplexes
  • Based in: New York City
  • Say hi to him at: 
  • Best Ever Book: Multi-family Millions - by David Lindhal
  • Best Ever Advice: Relationships are the key to success.

 

Sponsors

BAM Capital

Direct download: JF_3439_Saad_Dar.mp3
Category:general -- posted at: 3:00am EDT

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

Matt Faircloth and Herve Francois discuss multifamily underwriting, emphasizing its importance in the real estate business. They explore the roles within their company, DeRosa, highlighting the hunter's role in identifying investment opportunities and the underwriter's role in analyzing and implementing business plans. The discussion includes strategies for scaling a business, the significance of market selection, and the intricacies of underwriting, such as assessing market attractiveness, building relationships, and detailed property analysis.

Key Takeaways:

  • Multifamily underwriting is crucial for real estate success: This takeaway highlights the importance of thorough financial analysis and risk assessment in multifamily real estate investments. Underwriting involves evaluating the property's financial performance, market conditions, and potential for future growth to ensure a profitable investment.
  • Different roles, like hunters and underwriters, are essential in a real estate team: This point underscores the collaborative nature of real estate investing. Hunters are responsible for finding potential investment opportunities, while underwriters analyze these opportunities' viability. Both roles are critical for identifying and executing successful real estate deals.
  • Effective market selection and detailed property analysis are key for investment decisions: This takeaway stresses the importance of choosing the right market based on economic indicators, demographic trends, and real estate market conditions. Additionally, conducting a comprehensive analysis of the property, including its condition, location, and potential for appreciation or cash flow, is crucial for making informed investment decisions.

Sponsors

BAM Capital

Direct download: JF_3438_Matt_Faircloth_5_.mp3
Category:general -- posted at: 5:39am EDT

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 five methods to teach children about money management and investing. The episode covers the importance of starting financial education early, using relatable books, personal finance discussions, setting up brokerage accounts, gift-giving focused on financial growth, and mentorship in financial literacy.

 

Sponsors

BAM Capital

Direct download: JF_3437_Passive_Investor_Tips_80.mp3
Category:general -- posted at: 3:00am EDT

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