The Best Ever CRE Show

Today on the Best Ever CRE Show, Matt Faircloth hosted a special Next Level CRE segment featuring live consultations with three different real estate investors facing unique challenges. First, he advised Steve Richmond, a semi-retired developer running Workspace USA, on how to scale his successful office/warehouse flex space business while reducing his 60-hour workweeks, suggesting he prioritize hiring a project manager. Next, he counseled Storm and Tara Chileno on their potential motel acquisition in Pennsylvania, recommending they modernize the property with automated systems and add RV parking to serve pipeline workers rather than converting to traditional apartments. Finally, he helped Dan Plaster and Mark D'Alessandro strategize on how to win competitive multifamily deals, suggesting they explore creative financing options with generational owners and focus on direct-to-seller marketing rather than solely relying on broker listings.Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

J Scott, Partner at Bar Down Investments and Host of the Drunk Real Estate Podcast, discusses the current state of the multifamily housing market, focusing on trends, challenges in new construction, the impact of wages on rent growth, and the dynamics of supply and demand. They explore the implications of low housing starts, the importance of tenant affordability, and innovations in construction methods, including modular housing. The discussion highlights the complexities of the market and the interplay between economic factors and housing availability.J Scott | Real Estate Background Partner at Bar Down Investments and Host of the Drunk Real Estate Podcast Portfolio:  About 1,000 units of SFR and multifamily 5,000 units as an LP Based in: Sarasota, FL Say hi to him at:  jscott.com Best Ever Book: Thinking, Fast and Slow by Daniel Kahneman Greatest Lesson: The value in holding property for the long-term. That's where real wealth building happens. Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Cruise and Ash Patel discuss the current state of the self-storage market with Faraz Hamani, owner of Pebble Capital Group. They explore the evolution of self-storage post-COVID, the challenges of rent pressures, customer retention strategies, acquisition tactics in a changing market, and the impact of cap rates and financing on the industry. The discussion also touches on the comparison between self-storage and mobile home parks, highlighting the unique challenges and opportunities in both asset classes. In this conversation, the speakers delve into the intricacies of self-storage and flex space investments, discussing the impact of data science on rent management, innovative tenant assessment techniques, and the importance of understanding tenant behavior. They share valuable lessons learned from past investment mistakes and explore current market trends in self-storage and flex spaces. The discussion also covers development strategies in high-demand areas, the appeal of flex spaces, and the challenges of retail investment, concluding with insights on investor relations and return strategies.Faraz Hemani | Real Estate Background Owner of Pebble Ridge Capital Group Based in: Houston, TX Say hi to them at: LinkedIn www.IronStorage.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Best Ever CRE Show, Amanda Cruise interviews Keith Kulow, a former US Navy test pilot turned real estate investor. Keith shares his journey into real estate, focusing on multifamily investments and joint ventures. He discusses the differences between syndications and joint ventures, the importance of having a well-defined exit strategy, and the role of contract attorneys in structuring deals. Keith also highlights his current focus on multifamily and retail investments, the challenges faced in the retail sector, and details about a new build-to-rent project in Knoxville.Keith Kulow | Real Estate Background Founder, Managing Partner of Loom Equity Based in: Virginia Beach, VA Say hi to them at: LinkedIn www.LoomEquity.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, John Chang discusses the commercial real estate investment outlook for 2025, highlighting the potential impacts of political changes, economic challenges, and demographic trends. He emphasizes the opportunities that may arise amidst uncertainty, particularly in the context of labor shortages and shifting market dynamics across various regions.Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Today we’re taking a look back at some of the Best Ever clips from the past year. Today, we’re bringing you Part II of our two-part Best of 2024 recap.In this episode, Andy Weiner invests where nobody else wants to, Rachael Jones survives a nightmare deal, Neal Bawa is land squatting, and Don Wenner teaches us how to scale.Listen to their full episodes from 2024 below: Andy Weiner — JF3675: The Secret Sauce Behind the Boring, High-Cash Flow Sector Most Investors Avoid Rachael Jones — JF3624: What Really Happens After an Apartment Complex Fire Neal Bawa — JF3645: The Biggest Opportunity Nobody's Talking About, the Truth About Pref Equity, and Why CRE Has Officially Bottomed Out Don Wenner — $5 Billion in Deals, Building Thriving Communities, and the Goal of 1 Million Affordable Homes Also, visit besteverconference.com and use the promo code podcast25 at checkout to receive 25% off your ticketSponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

With only a couple of days left until 2024, we’re going to take a look back at some of the Best Ever clips from the past year. And there were so many to choose from we couldn’t fit it all into just one episode. So today’s show is Part I of a two-part Best of 2024 recap.In this episode, John Fedro shines a light on an unconventional niche in mobile home park investing, Aleksey Chernobelskiy shares the truth about capital calls, CRE legend J Scott teaches us how to invest like him, and John Wilhoit Jr. gives a mini masterclass in due diligence. Listen to their full episodes from 2024 below: John Fedro — JF3547: The Unconventional Mobile Home Park Investing Strategy Nobody's Using (Part I) Aleksey Chernobelskiy — JF3544: LPs Beware - Red Flags to Look for When Answering Capital Calls J Scott — JF3534: Strategy Secrets That Made J Scott a Real Estate Legend  John Wilhoit, Jr. — JF3517: Cheat Codes to Accurately Assess Capital Expenditure Needs Ahead of an Acquisition Also, visit besteverconference.com and use the promo code podcast25 at checkout to receive 25% off your ticketSponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Best Ever CRE Show, Joe Cornwell interviews Ira Fishman, owner of North Loop Investments, who manages a portfolio of over 400 units across Illinois, Wisconsin, and South Carolina. Ira shares his 15-year journey in real estate, including his early experience with a challenging 12-unit Section 8 property before the 2008 recession. The conversation focuses heavily on HUD properties and affordable housing, with Ira explaining the differences between traditional Section 8 vouchers and HAP (Housing Assistance Payment) contracts. He reveals that about 55% of his current portfolio consists of HUD properties, driven by his personal mission to help others inspired by his experience raising a son with special needs. Ira and his wife have even developed specialized housing for young adults with disabilities. The discussion explores the challenges of managing aging affordable housing stock from the 1970s, what he calls a "CapEx tsunami," and broader housing market trends. Looking ahead to 2025, Ira predicts more buying opportunities may emerge as sellers become more realistic about pricing and interest rates potentially improve toward year-end.Ira Fishman | Real Estate Background Owner, Manager and Founder of North Loop Investments Based in: Chicago, Illinois Say hi to them at: Linkedin www.NorthloopInvestments.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Best Ever CRE Show, Matt Faircloth interviews Chris Stout, a former New York City firefighter turned real estate investor who has built a portfolio of over 700 apartment units. Chris shares his journey from living in a mobile home park at age 10 to becoming a successful real estate investor, starting with buying two-family homes in Staten Island. The conversation explores his innovative approach to property management, including his "ruthless asset management" philosophy of focusing on operational efficiencies like consolidating maintenance work orders to one day per week. Chris details a recent successful project where he purchased a 24-unit townhouse community in Fayetteville, Arkansas for $2 million, invested $500,000 in renovations, and is selling the units as individual condos for $180,000-$200,000 each, generating approximately $1.6 million in profit. The discussion covers the surprisingly simple process of condo conversion in Arkansas compared to Northeast markets, as well as Chris's strategy of targeting properties with below-market rents for acquisition. Chris emphasizes the importance of location and purchase price as the two factors investors can't change after acquisition, and shares how he's leveraging his track record to secure favorable local bank financing for future projects.Chris Stout | Real Estate Background Owner of Stout Capital Based in: New York City Say hi to them at: LinkedIn www.stoutcap.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Best Ever CRE Show, Slocomb Reed interviews Brandon Reed, founder and chief visionary officer of Loft Six Four, a boutique firm specializing in rooftop amenities for large apartment complexes. Brandon shares insights from his landscape architecture background and how his firm has evolved to focus on creating immersive outdoor experiences that drive property value. Despite the current narrative of development slowdown, Brandon reveals they handle 30-50 projects annually, though this represents a 50% drop from peak levels. He notes that development continues in markets like Dallas and Utah, primarily driven by well-capitalized developers with deep pockets or family offices who can weather high interest rates. Brandon explains that properly designed amenities can generate an additional 10-20 cents per square foot per month in rent and help maintain high occupancy rates. The conversation explores trends in amenity design, with a focus on creating hospitality-like experiences that foster community and justify premium rents. Brandon emphasizes that while individual amenities like pools and fire pits are important, the key is creating cohesive outdoor living spaces that become talking points and drive resident retention.Brandon Reed | Real Estate Background Founder and Chief Visionary Officer of Loft Six Four Based in: Salt Lake City, Utah Say hi to them at: LinkedIn LoftSixFour.com Sponsors:Altra RunningSunrise Capital Learn more about your ad choices. Visit megaphone.fm/adchoices