The Best Ever CRE Show

Rick Hale got his start in real estate in 1996 with a simple goal to sell a few houses and make a living. After his first year, he earned six figures, and after doubling his business by year four, he opened the very first Keller Williams office in Atlanta, GA.    Today, Rick is the operating partner of 12 Keller Williams offices that closed on 12,000 homes in the Atlanta metro area last year. He is preparing to publish his first book and has recently taken on the new title of Chief Energy and Education Officer.    In this episode, Rick shares the challenges he’s faced with finding the right people to help scale his business, the mindset shift that enabled him to prioritize and value his time, and the best practices he personally employs to remain focused, energized, and positive.    Rick Hale | Real Estate Background Opened the first Keller Williams office in Atlanta and now owns 12 brokerages. He is also an author and a limited partner on several commercial deals. Based in: Atlanta, GA Say hi to him at: Email: rick@rickhale.com 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

Randy Langenderfer is a chief compliance and audit officer at Baylor College of Medicine who began flipping houses with his brother-in-law in 2009. After moving from Cleveland, OH, to Houston for a job opportunity, Randy began to learn about multifamily syndications. His interest was sparked, and he decided to spend a few years learning the intricacies of syndication, underwriting, and the legal aspects of it all.    Today, Randy is the president of InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties. In this episode, he tells us what he sees most syndicators miss in terms of due diligence and deal analysis, what it takes to obtain a non-recourse loan, and why outsourcing is the key to scaling, growing, and protecting your time.    Randy Langenderfer | Real Estate Background President at InvestArk Properties, LLC, a syndication business focusing on identifying, acquiring, and operating large multifamily properties. Portfolio: GP of 787 units & recently sold an additional 139 class C units LP of 3,587 units Also works full-time as chief compliance and audit officer at Baylor College of Medicine Based in: Houston, TX Say hi to him at: invest-ark.com LinkedIn Greatest Lesson: The importance of good property management and of joint venturing to expand your business. 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. “Feed your investments so one day they can feed you.”   In this episode, Travis explains how you can dollar-cost average, compound your investments, and build diversified passive income streams in three steps.    1. Create a new bank account.  This could be in your own individual name, the name of a trust, or an LLC. Check with your financial advisor to see what makes the most sense for you. The purpose of this bank account is to exclusively hold the real estate that you’re going to be investing in.    2. Fund the account.  This can be a lump sum that you place in the account on day one, or perhaps you want to move some cash from one account to another after a liquidity event. You could even begin funding the account through your active income. The goal is to save up enough for either the down payment on real estate you plan to purchase or the minimum investment amount if you plan to invest in syndications or private placements.    3. Make an investment that produces passive income or cash flow. With most syndications or private placements, you will likely have the option to have your cash deposited directly into your bank account. If you purchased your own real estate, you can use different apps and software to directly deposit rent payments into your account on a regular basis as well.    Compounding Because you now have distributions from your first deal sitting in your bank account, you can use them to invest in a second deal. As you continue to repeat this process moving forward, it gets easier and easier to invest as your cash continues to compound.   Dollar-Cost Averaging This process is considered dollar-cost averaging because if you do one deal per year, for example, the market is likely to change from year to year. Each time you do an investment, you will inevitably buy at a slightly higher or slightly lower price than the deal before. This way, you can dollar-cost average similarly to how it is done with stocks. 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

Johnny Nelson started out as a contractor and a mechanical engineer before becoming an investor and fund manager. He was motivated to get into real estate after the death of his father. The experience made him realize that he wanted to be able to pay medical expenses for his family and friends, and he knew achieving financial freedom was the key to making that possible.  Today, Johnny is the principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager. In this episode, Johnny discusses a recent deal where he struggled to raise funds, how that experience motivated him to focus on capital raising and become a fund manager, and what he would have done differently with that deal with the knowledge he has now. Johnny Nelson | Real Estate Background Principal at Arctos Capital, which focuses on multifamily assets. He is an apartment owner/operator and real estate fund manager. Portfolio: GP of 49 units LP of 70 units Based in: Minneapolis, MN Say hi to him at: arctosfund.com LinkedIn Greatest Lesson: Only do things that positively impact a lot of people. 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

Pete Montgomery got his start in real estate 20 years ago working in property management. He soon realized he had a passion for commercial property management and leasing. Today, Pete is the broker of retail development at CMC Properties, where he specializes in mix-use development. CMC Properties has owned and managed thousands of apartments, offices, and retail stores.    In this episode, Pete discusses why he has his sights set on suburban downtowns, why you should always take the time to introduce yourself to the city manager, when to use a broker to help fill vacancies, and how to qualify those brokers.    Pete Montgomery | Real Estate Background Broker of Retail Development at CMC Properties, which has owned and managed thousands of apartments, offices, and retail stores. When they select a site that they are going to build on, Pete prospects potential commercial tenants. Based in: Edgewood, KY Say hi to him at: cmcproperties.com Facebook Greatest Lesson: Do what you say you are going to do. Fail to deliver and the customer will lose trust in you and your company. 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 a wide range of game-changing practices that can help entrepreneurs to be more successful. The hosts share their Best Ever advice on morning routines, accountability, productivity, goals, mentoring, coaches, 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

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