The Best Ever CRE Show

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 outlines the top questions investors should ask themselves and the operator of a deal before making an investment in a real estate private placement or syndication. 10 Questions to Ask Before Investing in a Deal Ask yourself: Does this particular investment align with my goals and objectives?  What is your track record? Show me your past performance. Is this particular deal or property located in a growing and diversified market?  Is this particular property located in a tax-free state?  What kind of debt are you putting on the property?  What is the minimum investment?  When is the first distribution, and what is the frequency of distributions? Do you do monthly or quarterly reporting?  Does this particular deal or investment offer a preferred return? Ask about the K-1 tax forms that are generated. Join the newsletter for 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: MFIN CON | Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Brian Green is the owner/operator at Green Springs Capital Group, which develops and redevelops multifamily properties. In this episode, Brian discusses starting his own property management company, how his value-add projects quickly led to development & redevelopment, and why he focuses on projects in Upstate New York.  Brian Green | Real Estate Background Owner/operator at Green Springs Capital Group, which develops and redevelops multifamily properties.  Portfolio: 110 units, including five short-term rental units Based in: Saratoga Springs, NY Say hi to him at:  greenspringscapitalgroup.com Instagram  Best Ever Book: Principles by Ray Dalio Greatest Lesson: Self-management = building a company.   Click here to know more about our sponsors: MFIN CON | Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Kaeding is the CEO of Norhart, which is committed to solving America’s housing shortage and affordability crisis. In this episode, Mike shares how Norhart plans to strategically drive down the cost of housing on a national level, his advice for bringing trades and expertise in-house, and the importance of building the right company culture. Mike Kaeding | Real Estate Background CEO of Norhart, which is committed to solving America’s housing shortage and affordability crisis.  Portfolio: 12 properties in MN totaling 800+ units, all built by Norhart Based in: Forest Lake, MN Say hi to him at:  norhart.com Facebook Instagram LinkedIn Twitter Best Ever Book: No Rules Rules by Reed Hastings Greatest Lesson: Hire the best people.     Click here to know more about our sponsors: MFIN CON | Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Matthew Burk is the CEO of two companies: Fairway America, a CRE investment fund manager; and Verivest, a CRE software, advisory, and service provider. In this episode, Matthew tells us the biggest mistakes he sees investors make when setting up a fund, how Verivest is working to automate the fund setup process, and why he plans to focus heavily on asset management in 2023.  Matthew Burk | Real Estate Background CEO of Fairway America, a CRE investment fund manager. CEO of Verivest, a CRE software, advisory, and service provider. Portfolio: $1B in CRE assets across multiple asset classes Based in: Portland, OR Say hi to him at:  fairwayamerica.com verivest.com LinkedIn Best Ever Book: Let's Get Real or Let's Not Play by Randy Illig Greatest Lesson: What you do when no one is looking defines who you are. Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Edwin Byler is a broker and investor at KW Commercial, where he finds off-market deals and either buys or brokers them. In this episode, Edwin discusses how he is currently generating off-market leads, the number of cold calls it typically takes him to land a deal, and why he believes that timing is more important than continual follow-up.  Edwin Byler | Real Estate Background Broker and investor at KW Commercial, where he finds off-market deals and either buys or brokers them. Portfolio: 60 units and 20,000 sq. ft. of commercial MX space Based in: Winston-Salem, NC Say hi to him at:  Facebook Instagram  Best Ever Book: Relentless by Tim S. Grover Greatest Lesson: Learn to become someone that is successful in every industry. Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Neil Wahlgren is a partner at MAG Capital Partners, which focuses on triple-net leased industrial properties, lease structures, and tenants. In this episode, Neil shares his insights on investing in triple-net leased industrial properties, how a multifamily syndicator can pivot into this asset class, and what to look for when qualifying single tenants.  Neil Wahlgren | Real Estate Background Partner at MAG Capital Partners, which focuses on triple-net leased industrial properties, lease structures, and tenants. Portfolio: Industrial triple-net leased real estate Short-term rentals Multifamily syndications Based in: San Francisco, CA Say hi to him at:  magcp.com LinkedIn Best Ever Book: Why We Sleep by Matthew Walker Greatest Lesson: Communicate your mistakes with the same level of transparency as your successes. Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Fred Moskowitz is a fund manager and investor who buys and manages residential mortgage notes. In this episode, Fred tells us about how he buys notes on the secondary market and the profitability of this business strategy and investment vehicle.  Fred Moskowitz | Real Estate Background Fund manager and investor who buys and manages residential mortgage notes.  Author, speaker, advisor, and trainer on various topics related to entrepreneurship and investing. Portfolio: 450 doors GP in a mortgage note fund LP in multifamily syndications Based in: Philadelphia, PA Say hi to him at:  fredmoskowitz.com Best Ever Book: Think and Grow Rich by Napoleon Hill Greatest Lesson: It can take the same amount of time, effort, and expense to do a small deal as it does to do a much larger deal. Because of that, your ROI will be much better on larger deals. Join the newsletter for 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: MFIN CON |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 discusses how to change the way you think about money and use it as a tool to better your life. Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Lee is the president of and full-time multifamily broker at JLM Real Estate Inc., a commercial real estate team focusing on multifamily sales and 1031 exchanges in San Diego County. In this episode, Jason discusses the three most important actions he takes when hiring a contractor, three tips for breaking into commercial real estate through sales and brokering, and the hardest lesson he’s learned in his career so far.  Jason Lee | Real Estate Background President of and full-time multifamily broker at JLM Real Estate Inc., a commercial real estate team focusing on multifamily sales and 1031 exchanges in San Diego County.  Portfolio: 120 units for a $50M asset value Based in: San Diego, CA Say hi to him at:  Instagram LinkedIn  YouTube Best Ever Book: How to Win Friends and Influence People by Dale Carnegie Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Dusten Hendrickson is the president of Mailbox Money Real Estate, which finds land and creates a vision for it — usually a multifamily project. In this episode, Dusten shares what drew him to multifamily development, why being a developer requires more vision than strategy, and why he recommends starting with a small project before scaling.  Dusten Hendrickson | Real Estate Background President of Mailbox Money Real Estate, which finds land and creates a vision for it — usually a multifamily project. Portfolio: GP of 888 units LP of 2,034 units Based in: Brookings, SD Say hi to him at:  mailboxmoneyre.com Facebook YouTube Greatest Lesson: Growth without scaling leads to one step forward and two steps back.  You need to learn to scale before you grow so your growth doesn’t lead to overwhelm, burnout, failure, and eventually bankruptcy. Hard work doesn't equal results. There’s much more to it, and that’s why we have to be open-minded and continue to learn.   Join the newsletter for 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: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices