The Best Ever CRE Show

Tim Kelly is the VP of Education and co-owner of Active Duty Passive Income (ADPI), which simplifies the process for active duty and veteran military members and their families to create streams of passive income. He is also the CEO and founder of Kelly Housing Group, which invests in and syndicates both residential and multifamily properties in affordable and workforce housing spaces with a focus on apartment communities, mobile home communities, RV parks, and storage facilities.   In this episode, he tells us what steps he took to transition from serving in the U.S. Navy to becoming a commercial multifamily syndicator, how he educates active-duty military members that want to earn passive income, and the tried-and-true elevator pitch that got him to where he is today.    Tim Kelly | Real Estate Background CEO and founder of Kelly Housing Group, which invests in and syndicates both residential and multifamily properties in affordable and workforce housing spaces with a focus on apartment communities, mobile home communities, RV parks, and storage facilities. VP of Education and co-owner of ADPI, which simplifies the process for active duty, veteran military members, and their families to create streams of passive income. Worked for 15 years in the U.S. Navy as a Chief Petty Officer. Portfolio: GP of 675 units LP of 220 units Based in: Pensacola, FL Say hi to him at: thetimothykelly.com activedutypassiveincome.com Facebook Instagram LinkedIn Greatest lesson: Always remain curious, humble, and hungry. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

While Vadim Rey was serving in the U.S. Navy, he realized he wanted a different path that would allow him to give back while living life on his terms. He discovered multifamily syndications and soon learned that the bigger the project he took on, the more people he could help at once. He did his first deal in 2019 and hasn’t looked back since.    Today, Vadim is the deputy director and handles investor relations at Fair Winds Capital Investments. He is also the principal at Achieve Your Dream Capital, and he is a GP of 369 units and an LP of 2,114 units. In this episode, he shares how his underwriting has changed given the current economic climate, the biggest concerns he is seeing from LPs right now, and the hardest lesson he’s learned about pushing boundaries.    Vadim Rey | Real Estate Background Deputy director and investor relations at Fair Winds Capital Investments, and principal at Achieve Your Dream Capital. They focus on apartment syndication. Portfolio: GP of 369 units LP of 2,114 units Based in: Las Vegas, NV Say hi to him at: fwcinvestments.com LinkedIn All socials: @fwcinvestments Greatest Lesson: The more you give, the more you get, and the more you can keep giving! Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Neiman is the principal attorney at Neiman Law LLC, which works on real estate legal matters with a focus on multifamily acquisitions. He is also a GP of 51 units and five duplexes.    In this episode, Mike discusses common mistakes he sees both buyers and sellers make that can get them into trouble; his tips for structuring entities, deals, and personal assets; and why even the most experienced CRE investors still need an attorney.    Mike Neiman | Real Estate Background Principal attorney at Neiman Law LLC, which works on real estate legal matters with a focus on multifamily acquisitions. Portfolio: GP of: 51 units (also passively invested in) Five duplexes Based in: Columbus, OH Say hi to him at: neiman-law.com LinkedIn Greatest Lesson: The right partnerships can help you grow exponentially. No one can do it all by themselves. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

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 explains how passive income is the key to accumulating wealth. He provides examples of different types of passive investments you can make, highlights the top three reasons why someone might consider passive income, and uses a scenario to demonstrate how generating passive income can be truly life-changing.    Types of Passive Investments   Passive investing doesn’t just apply to real estate. There are many different options for earning passive income:   Owning a business without actively working in that business. Owning a rental property that is professionally managed by someone other than you. Purchasing a dividend-paying stock where you make the investment once and just sit back and collect the dividends.  Investing in real estate as a limited partner. Publishing a book from which you receive royalties for years to come.  Making an oil and gas investment and making profits off of oil production. Lending money to someone and charging interest.  Having a whole life insurance policy that is paying an annual dividend to you.    3 Reasons to Consider Passive Income   1. Taxes Long-term capital gains, qualified dividends, real estate — these are tax-advantaged places to put your money.     2. Time Passive income allows you to do more of the things you love and less of the things you don’t.      3. Scalability It’s much easier to make more investments and keep adding to your portfolio than it is to keep adding time onto your plate and working more and more. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Debbie Wilcox is from Honolulu, HI, where she and her husband previously owned and operated a swimming pool business. After 30 years of running their business together, they decided to act on their shared dream of becoming multifamily real estate investors. They uprooted their lives, sold their dream home, and headed for the mainland to attend conferences, network, and soak up as much knowledge as they possibly could.    Today, Debbie is the managing partner of Blue Rock Capital Group, which helps investors build and generate passive income through multifamily real estate. She is a co-GP of 33 units in Idaho and an LP of 2,400 units across seven states. In this episode, Debbie tells us what inspired her to leave Hawaii in pursuit of a career in multifamily, why she is adamant about getting out of her comfort zone, and how her background in business has driven her to explore asset management.    “I had to ask my husband, ‘Do you want to live in our dream home, or do you want to live our dream life?’”   1. Uprooting Everything to Pursue Multifamily Debbie and her husband owned their own swimming pool business in Honolulu for 30 years before moving to California to pursue multifamily. Debbie says that thoughts of changing careers began to crop up as early as 10 years ago, but limiting beliefs prevented them from making a change. Then, one day, they stumbled upon some real estate podcasts, and they began listening.    “What inspired me was listening to the stories of people that I felt were just like me — kind of feeling stuck,” Debbie says. “And maybe they were older just like myself, but they didn’t let that stop them.”    She and her husband spent the next few years learning as much as they could, and when they were ready, they did the unthinkable — they sold their home and left Hawaii to set down roots on the mainland, where they could more easily attend conferences, find partners, and oversee properties.   2. Escaping Her Comfort Zone Debbie is a big believer that success lies just outside of her comfort zone. She admits that networking can be a challenge for her, and even scary sometimes, but she doesn’t let that stop her. “If I’m initially scared to do something, I get a little tingly, but I think, ‘Ah, this must be right. This must be good. I’m supposed to do this.’” By applying this mindset at her first conference, she met the people who would eventually bring her in on her first deal.   3. A Knack for Asset Management Debbie assumed that she and her husband would take on the role of raising capital for their deals, but much to their surprise, they developed a strong interest in asset management. “That 30 years in business looking at spreadsheets and budgets and income expenses — we find ourselves diving into that quite a bit,” she says.    For the time being, they are enjoying pitching in on the asset management side of things, I think it’s good, in the beginning, to have your toes in a little bit of everything,” she says. “We really just want to learn as much as possible.”      Debbie Wilcox | Real Estate Background Managing partner of Blue Rock Capital Group, which helps investors build and generate passive income through multifamily real estate. Portfolio: Co-GP of 33 units in Idaho LP of 2,400 units across seven states Based in: Dana Point, CA Say hi to her at: Facebook LinkedIn Greatest Lesson: In the business of multifamily investing, the quality of the network of people you surround yourself with greatly correlates with the level of success you'll achieve. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Logan Freeman grew up in the Midwest and got his first job bailing hay at 14 years old. He quickly developed a strong work ethic that led him to excel in athletics. After a successful collegiate football career, Logan played in the NFL, but ultimately decided it wasn’t the right career path for him. Soon after returning to school to earn his master’s degree, he discovered the world of real estate investing.    Today, Logan is the co-founder and chief development officer of FTW Investments LLC. He is also the managing broker for XChangeCRE, and he is a GP of 1,300 units across four states totaling $130M in AUM. In this episode, Logan discusses the progress and growth the Kansas City market is currently experiencing, how the current market factors are affecting 1031 buyer demand and seller supply, and the piece of advice he received as a college football player that he still swears by today.      Logan Freeman | Real Estate Background Co-founder and chief development officer of FTW Investments LLC, and managing broker for XChangeCRE. Their strategy involves acquiring, operating, and the eventual disposition of large-scale commercial real estate assets in key sectors and markets. Previous episodes:  JF1845: Ex-NFL Player Turns To Real Estate Investing with Logan Freeman JF1908: Reinventing Yourself After A Traumatic Experience #SituationSaturday with Logan Freeman Portfolio: GP of 1,300 units across four states totaling $130M in AUM Based in: Kansas City, MO Say hi to him at: ftwinvestmentsllc.com Facebook Instagram LinkedIn Best Ever Book: Above the Line by Urban Meyer Greatest lesson: Put yourself around people that are smarter than you, and that will push you and make you better. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Each week for the Best Ever Round Table, the three Best Ever Show hosts — Ash Patel, Slocomb Reed, and Travis Watts — come together for a deep dive into a commercial real estate investing topic.   In this episode, Ash, Slocomb, and Travis discuss what a hard landing for the economy or out-of-control inflation might look like. They share their thoughts on what a recession would look like for the overall economy, how it would affect real estate in particular, and how inflation impacts real estate specifically. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Danny Spitz started his real estate career 20 years ago as an underwriter doing transactions for a middle-market Bank in Chicago. Eventually, he was able to land a mentorship from a broker, investor, and developer who showed him the real estate ropes.  Today, Danny is the CEO and managing partner of Greenstone Partners, a brokerage that focuses on various commercial real estate properties including multifamily, industrial, mixed-use, retail, and office. He is a GP of four properties and an LP of over 12 properties across four states. In this episode, he tells us how he typically finds deals, the hardest lesson he’s learned during his 20-year run in the industry, and what he is seeing in terms of macroeconomics with real estate right now.    Danny Spitz | Real Estate Background CEO and managing partner of Greenstone Partners, a brokerage that focuses on various commercial real estate properties including multifamily, industrial, mixed-use, retail, and office. Portfolio: GP of four properties LP of over 12 properties across four states Based in: Chicago, IL Say hi to him at: greenstone-partners.com LinkedIn Greatest Lesson: Lean on others who specialize in areas you don’t. Don’t think you can be a GP immediately. It takes years and a number of deals as a limited partner to learn. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Joseph Cornwell started his career as a full-time police officer in 2011. Four years later, he began educating himself on all things real estate by reading books, listening to podcasts, and attending meetups. He began buying rental properties and scaling his portfolio. By 2021, he was able to retire from law enforcement and transition into a full-time real estate career.    Today, Joseph is a licensed real estate agent at Ownerland Realty and a full-time real estate investor with 75 units. In this episode, he shares why he became a real estate agent before investing in properties, what made him decide to start a general contracting company, and how he planned the transition from his W-2 job to a full-time career in commercial real estate.    Joseph Cornwell | Real Estate Background Licensed real estate agent at Ownerland Realty and full-time investor who initially came into real estate looking for a side hustle, but was ultimately able to retire from his full-time W-2 job as a police officer. Portfolio: GP of 75 units Based in: Cincinnati, OH Say hi to him at: Facebook Instagram TikTok YouTube Greatest Lesson: You have to prioritize things, and having a single-track mind is probably not the healthiest approach. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Jack Martin got his start in real estate by working in land development and building houses in his early 20s. He then transitioned to the apartment space, which he thought would be his long-term retirement vehicle until he discovered mobile home parks.   Today, Jack is the co-founder and managing partner at 52TEN, a vertically integrated firm that focuses on acquiring and improving underperforming manufactured housing communities. In this episode, he discusses the four main ways mobile home parks are excellent, recession-resistant investment options.     1. Affordability When times get tough, mobile home parks are an affordable option for those who can no longer afford high rent payments. “The reason why most people are attracted to moving to a manufactured housing community is because it’s the most affordable living solution in America,” Jack says. “Anytime you get the most affordable option, you’re going to have a higher degree of recession resistance than anything else.”   2. Low Tenant Turnover The average length of stay in manufactured housing communities is 15 years, Jack says, versus a 12- to 18-month average for apartment communities. This provides stability and consistent cash flow for property owners in the event of a recession.    3. Tenants Own Their Homes All of the tenants in Jack’s manufactured housing communities own their homes. That means that if they are hit hard in a recession, they are able to sell their home and extract enough money to get them back on their feet. If those same tenants lived in an apartment, they wouldn’t have anything of their own to sell in times of economic difficulty.    4. Extra Incentive to Pay Rent Because Jack’s tenants own their own homes, there is a major incentive to stay current on their lot rent payments. In the rare occasion that a tenant decides to default, the penalty is the forfeiture of their home. “Let’s say you own a home that’s work $50K,” Jack explains. “It doesn’t make any economic sense at all to skip a $500 monthly lot rent payment to potentially risk your $50K home.”   Jack Martin | Real Estate Background Co-founder and managing partner at 52TEN, a vertically integrated firm that focuses on acquiring and improving underperforming manufactured housing communities. Portfolio: GP and LP of 1,000 sites across seven properties Based in: Scottsdale, AZ Say hi to him at: 52ten.com LinkedIn Best Ever Book: The Secret Life of Real Estate and Banking by Phillip J. Anderson Greatest Lesson: The importance of a long-term vision, and always doing the right thing. Join the newsletter for the expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: PassiveInvesting.com | DLP Capital |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices