The Best Ever CRE Show

Today Theo and Travis will be answering the podcast listeners’ questions. They cover the topics of cap rates and return split structure. Even though some deals may look great on the surface and offer you great returns, you still have to do your due diligence and make sure that you know what you’re getting into. Theo and Travis provide examples showing how easily the numbers can be skewed or manipulated when it comes to projected returns. We also have a Syndication School series about the “How To’s” of apartment syndications, so be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening. Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, Theo Hicks introduces a new host of the Best Real Estate Investing Advice Ever podcast show, Ash Patel. His background is in IT, and he stumbled upon the world of real estate because of the tax advantages. In 2011, he purchased his first property, a mixed-use building. Pretty quickly he noticed that the commercial part of the building required way less involvement on his side, while the residential apartments always needed additional investment of time and money. From then on, his biggest focus was on acquiring more commercial properties. Ash has a wide span of qualifications. He does his own property management, chases his deals, and invests in bigger projects with Joe. He is a great addition to the podcast, so be sure to check the interviews he’ll be doing! Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

Moneeka was aware of the real estate business opportunities since she was a child. Following the American Dream, her parents saved their hard-earned nickels and dimes to buy properties. She graduated college during the recession and started a real estate business of her own. Moneeka used cash gifted at her wedding as a down payment for her first property. From then on, her real estate business took an intuitive path. 27 years later, Moneeka’s portfolio value is over $12M. Being based in San Jose, California, she specializes in buying executive houses for great long-term renters, and she secures her renters before investing her money into a new property. Moneeka Sawyer  Real Estate Background: Full-time Podcast host and Investor 27 years of investing experience Portfolio consist of 5 executive homes, also started a ground-up construction project Current portfolio value is about $12M Based in San Jose, CA Say hi to her at: www.blissfulinvestor.com  Best Ever Book: The One Thing - Gary Keller Click here for more info on groundbreaker.co  Best Ever Tweet: “Everybody has stress and money issues. Do you want poor people money issues, or rich people money issues?” - Moneeka Sawyer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lauren started working in real estate right out of college. Her journey began in a corporate environment, and she was mostly dealing with commercial properties. Once she had a child, Lauren decided to leave her job and work for herself. At the time, her brother was flipping houses, and he offered her to join the business. In 2016, she started looking for properties outside of the competitive southern California market in order to expand her business. Now, Lauren has a coaching program for those who’d like to go virtual and reach markets all over the country regardless of where they live. Lauren Hardy Real Estate Background: Real estate investor, coach, and host of wholesaling Inc. Podcast Over 10 years of real estate experience Has invested in 100s of properties, including developing spec houses, and flips Based in Orange, CA Say hi to her at: https://www.wholesalinginc.com/virtual/     Click here for more info on groundbreaker.co  Best Ever Tweet: “Flipping the house opened up a lot of ways that you could get ripped off by contractors” - Lauren Hardy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Darrah used to be an entrepreneur who built businesses thinking that bigger was better and more was the way to go. Over time, the four companies she has built took over her life, and Darrah hit the burnout phase. She restructured her businesses and her life in order to spend more time traveling and learning. That’s how she got into mentorship and coaching, helping other entrepreneurs and investors who are at a burnout point find their passion again.   Darrah Brustein Real Estate Background:  Founder of four businesses; Equitable Payments, Network Under 40, Network Over 40, & Mind Your Business Accelerator Author of “Finance Whiz Kids” Prolific writer & interviewer for Forbes & other outlets working with Shaq, Seth Godin, Bobbie Brown & many more Her mission is to connect people to the resources they need to elevate what they do. Based in Atlanta, GA  Say hi to her at: www.darrah.co  Previous guest on JF151     Click here for more info on groundbreaker.co  Best Ever Tweet: “We don’t know when it’s enough and why we’re building it in the first place.” - Darrah Brustein. Learn more about your ad choices. Visit megaphone.fm/adchoices

Twelve years ago, Ashley and her husband started looking for investment strategies other than the stock market. They started with a few short-term and long-term rentals, eventually expanding to single-family units with historical background and multifamily units. Before she formed a company of her own, she was a partner with another investor on a 225-unit multifamily property. Despite having a solid business plan, the company lost 120 people within the first ninety days through evictions and skipping. Ashley tells how she managed to turn around the sticky situation and raise the occupancy to 90% even with Covid-19 as a backdrop.   Ashley Wilson  Real Estate Background: Full-time real estate investor 10 years of real estate experience Portfolio consists of 600 units Based in Philadelphia, PA Say hi to her at: www.BadAshInvestor.com      Click here for more info on groundbreaker.co  Best Ever Tweet: “The name of the game is to increase your equity.” - Ashley Wilson Learn more about your ad choices. Visit megaphone.fm/adchoices

Bruce started his real estate journey by buying and repositioning single-family units and worked his way into the multi-family market. His company, Bakerson, now focuses on legacy ownership, making sure that his clients have a solid investment to pass on to their future generations.  Bruce’s dad owned a bakery and employed his family members. It’s no wonder that his own company now centers around family values too. Legacy ownership doesn’t have to be about status and social rank. Instead, one could build something of value to pass on to their children while also teaching them how to make a living. Bruce Wuollet Real Estate Background: Owner of Bakerson, & full-time multifamily syndicator Over 18 years of real estate investing experience Bakerson has bought thousands of individual units, repositioned them, and sold them  The personal portfolio consists of 250 units Track record of 16 multifamily - 850 units and transacted over 2,000 single-family homes Based in Scottsdale, AZ Say hi to him at: www.bakerson.com  Best Ever book: Life is Magic by John Dorenbos      Click here for more info on groundbreaker.co  Best Ever Tweet: “As an individual, I’m not so concerned whether I’m remembered, but I do want to pass on the work ethic and what got us where we are” - Bruce Wuollet. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today Theo and Travis are talking about three things that allow people to succeed in the real estate business. While many people focus on the markets, demographics, projections, and other specifics of the business plan, some fundamental things should be right about the deal for it to work. Occasionally, real estate investors get lucky and make a decent return even when some of these laws are bypassed. However, those are exceptions, not the rule. 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.  Click here for more info on groundbreaker.co    Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's Syndication School episode, Theo Hicks talks about building a team that lasts. As we’ve mentioned in the previous episodes, your team is one of the risk points of your deal-making process. Nobody wants the hassle of working with people that are not right for your business, and you don’t want to lose credibility by having a high team turnover rate. Theo gives a step-by-step process of putting together a team that lasts and shares some ways of presenting it the right way to your prospective investors. 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! Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

David started his real estate career back when he was working as a hospital administrator in the Democratic Republic of Congo. He was looking for financial freedom and the ability to live and work wherever he wanted. David partnered with his father, and they started a real estate business together. By the time he went back to the United States, his company has already had an impressive portfolio. To acquire these properties, they followed a simple recipe that worked: save, pay the 20% down payment, rinse and repeat. They now mostly work with small multifamily units, but they also work with commercial properties.   David Grabiner Real Estate Background: Full time multi-family real estate investor 6 years of real estate experience Portfolio consist of 137 multifamily units and 14 commercial units Based in Chattanooga, TN Say hi to him on Instagram @Diy_landlord Best Ever Book: Never split the difference - Chris Voss     Click here for more info on groundbreaker.co  Best Ever Tweet: “Normally, what hurts the revenue and increases expenses is when you have inefficient turnovers” - David Grabiner. Learn more about your ad choices. Visit megaphone.fm/adchoices