The Best Ever CRE Show

Growing up, Chris didn’t have much, but his mom taught him to dream big. With her help, he opened a skateboard and snowboard shop when he was just 16. After the dot-com bubble crash, he got a job at Wall Street and soon became a top financial advisor. In 2006, Chris did his first flip and went on to do a few more deals until the Great Recession of 2008. At that moment, he had just purchased a dilapidated building and had his girlfriend move in with him. At the same time, he was just one mortgage payment away from bankruptcy. He experienced both wild successes and crashes throughout his career, and now he mentors others on wealth-building and the secrets of the rich. Chris Naugle  Real Estate Background: Co-founder and CEO of FlipOut Academy, The Money School, and Money Mentor 16 years of real estate investing experience Portfolio consists of 500+ real estate deals - flips, wholesales, rentals Based in Buffalo, NY Say hi to him at: www.chrisnaugle.com  Best Ever Book: Profit First       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Changing one thing, adding one step to your life changes everything” - Chris Naugle. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today Theo and Travis will be sharing about investing in cash flow vs. equity gain. Theo and Travis discuss the pros and cons, as well as compare the two. 80% of people in the United States are probably in the mindset of investing for equity gains: the "buy low, sell high" mentality. The bigger picture is when your passive income streams exceed your lifestyle expenses, you have financial independence, time freedom. At the end of the day, you have flexibility. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today’s Syndication School episode, Theo Hicks shares 6 Multifamily strategies that will succeed in the future. Greg Willet presented the six investing ideas and tactics to implement in 2021. The advice is mostly based on the reaction to the recession that occurred after the pandemic. The first tactic is to focus on the markets that outperformed the national average from a rental perspective. The second tactic, don’t bank on a flight to quality. The third tactic is to explore a low capital value add strategy. The fourth tactic is to test out new operational strategies to determine what works today because what works now most likely did not work before. The fifth tactic: focus on renewals to obtain high-quality residents. The last tactic is to make sure you’re focusing your assets of branding and marketing on lifestyle-related factors such as customer service, appearance, ease of living at the property, location, and less on the actual pricing factors. Listen to this episode to know more about these six strategies. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening, and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Learn more about your ad choices. Visit megaphone.fm/adchoices

Ward is a dedicated and exemplary property owner who takes opportunities to the next level. He spent nine years working as a salesperson selling chemicals when he decided to put fate into his hands by building a business by acquiring a real-estate in bankruptcy. Ward started to take off from there up to the point where his commercial real-estate products reached almost half a million square feet! Through his patience, wisdom, and placing importance in relationship building, Ward sheds light on how he best utilized these opportunities.   Ward Schraeder Real Estate Background: Develops commercial properties; primarily medical facilities 35 years of real estate experience  Portfolio consists of 50,000 sq ft of medical office space, 50,000 sq ft of rental properties, 2,000 acres of land holdings, and flipped 18 commercial properties Based in Kansas City, KS Say hi to him at: www.wardschraeder.com Best Ever Book: “The Millionaire Next Door” by Thomas J. Stanley Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “My life has been mostly taking advantage of opportunities.” –Ward Schraeder Learn more about your ad choices. Visit megaphone.fm/adchoices

Matthew started his real estate journey at 16 when he purchased a two-family home with his grandmother’s money. Four years later, he bought another property that was a challenge to manage. That experience taught him a lot of lessons that he applied later in his career. With two other partners, he acquired a two-family house that he managed and renovated. After buying several more units, getting a construction license, and founding a property management agency, they were still looking for new opportunities. That’s when Matthew met a new investor and future partner who helped them take the business to a new level.   Matthew Tortoriello Real Estate Background: Full-time real estate investor and property manager 25+ years of real estate experience Portfolio consists of 250 units, flipped 100, & wholesaled over 200 Based in Springfield, Mass Say hi to him at: www.yellowbrick.org  Best Ever Book: Recession Proof RE Investing       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “Don’t focus on learning everything because you’ll never learn everything. You’ll learn a lot along the way” - Matthew Tortoriello. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this #SkillsetSunday episode, Stace Caseria talks about the importance of trust. You can increase the trustworthiness of your brand by understanding its 4 fundamental parts. Stace describes how trust works for a real estate professional who’s looking to reach out to a new lead for the first time ever. He also talks about the ways to make a brand or a business sound authentic and how to market your services on a whole different level.   Stace Caseria Real Estate Background: Owner of Trust Deep, a branding agency and Evergreen North Properties 20 years of investing experience Currently has 4 properties, a small apartment building, & a passive investor in a syndication Based in Boston, MA Say hi to him at: www.trustdeepagency.com  Best Ever Book: The Speed of Trust        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “You can’t build trust with smoke and mirrors because eventually you’ll get caught” - Stace Caseria Learn more about your ad choices. Visit megaphone.fm/adchoices

Jonathan got his real estate start in a family fix-and-flip business. As he was growing up, family dinners resembled business meetings a lot. After the last recession, Jonathan decided to join it full-time since good jobs were hard to come by. Thanks to his deep involvement in the business, he had a chance to learn every facet of real estate. After separating from the fix-and-flip business, Jonathan and his brother started a new company focusing on multifamily buildings. Last November, he bought his first large multifamily unit in Kansas City, and this year he closed the deal on a 72-door house in Oklahoma City.  Jonathan Barr  Real Estate Background: Full time real estate investor 11 years of real estate experience Portfolio consists of 14 unit building, 72 unit building, a commercial property, and has been involved in 400+ flips Based in Los Angeles, CA Say hi to him at: www.JB2investments.com  Best Ever Book: Psychology of money        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Start bigger sooner” - Jonathan Barr. Learn more about your ad choices. Visit megaphone.fm/adchoices

John grew up in a blue-collar area just outside of Pittsburg; his family had coal miner and farmer roots. At the age of 24, John graduated college with $200k worth of student debt. By the age of 30, John had a wife and two kids to take care of, and the same student debt to pay off. Real estate turned it all around for him. His goal was to attain $20k in passive income, and he pursued it one house after another while having a full-time job as a chiropractor. Later he wrote a book called “The Wealthy Gardner” where he talked about winning financially and taught others life lessons on prosperity.   John Soforic Real Estate Background: Attained a net passive income of 20,000/month Now a full-time property manager and author 25 years of real estate experience Portfolio consists of 110 doors freely owned (no loans), and has flipped 75 properties while working full-time Based in Mount Pleasant, PA Say hi to him at: www.wealthygardener.com  Best Ever Book: The Checklist Manifesto       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “I stopped reading books that I liked. I stopped watching TV that I liked. You sacrifice.” - John Soforic. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today Theo and Travis will be sharing experiences and stories about investing in syndications. They want to ensure no one ever wants to invest in syndications. It's good to give the alternative perspective because things aren't just black and white, or good or bad in terms of investing. There are people that make money doing a lot of different things. There's no perfect investment -- there are always risks. There is definitely a risk in communication and reporting of financials. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's Syndication School episode, Theo Hicks, shares five evolutionary ideas for your business. We are going to take advice from Joe Fairless, as he talks about  five lessons about things that you need to do once you have reached a certain size in your business which are, Number one is reduce your liability as a syndicator by hiring an in person compliance expert. Number two is set clear expectations and provide motivation for your team members,. Step number three, is to create a fund for better returns to your investors, Number four is to focus on your investing business, by hiring other people to maintain and grow your thought leadership platform. number five is how to overcome that success paradox which is to find three trusted colleagues to provide you with honest feedback. Let’s listen to this episode for these 5 lessons. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Learn more about your ad choices. Visit megaphone.fm/adchoices