The Best Ever CRE Show

In this episode, Theo shares how he would go about underwriting an apartment syndication deal when there are no LPs or maybe as a joint venture. He uses a simplified cash flow calculator to help him through this process and walks you through what he is doing along the way. Download the FREE calculator so you can follow along with Theo.    FREE DOCUMENT: Simplified Cash Flow Calculator: https://www.dropbox.com/s/pfwff7g1vmhoi95/Simplified%20Cash%20Flow%20Calculator.xlsx?dl=0    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.    Best Ever Tweet: “Syndication School is a free resource to teach others how to do apartment syndication” - Theo Hicks Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Owens is from Baltimore and has been an active full-time real estate investor for the past 14 years, owns over 100 units, 200 wholesales, and self manages all of his units. Mark believes his secret to having success and having more options than most investors is all due to the way he views decision making. He shares some great examples of how he has been able to separate himself from the heard of real estate investors when it comes to making decisions.  Mark Owens Real Estate Background: Active full-time real estate investor for 17 years Owns over 100 units, has done around 200 wholesales, self manages all units Units comprised of single families and 7-18 unit multifamilies Based in Baltimore, MD Say hi to him at https://markowens.com/ Best Ever Tweet: “Manage your properties like a business, not a hobby. ” - Mark Owens Learn more about your ad choices. Visit megaphone.fm/adchoices

Jacob is a real estate broker based in New York City and he also focuses on raising money for multi-family syndications and has recently completed his first hotel deal. In this episode, he shares how he has been able to build a business through networking by attending events, LinkedIn, and reaching out to others on Facebook. Jacob Busani Real Estate Background: Real estate broker and syndicator Has been involved in over $157M of real estate closings Based in NYC, NY Say hi to him at Jacobbusani.com  Best Ever Tweet: “The deal I didn’t do is the one I lost the most money on. ” - Jacob Busani Learn more about your ad choices. Visit megaphone.fm/adchoices

Shoshana is a digital media veteran with 30 years of marking management experience on both the agency and client-side. She ran marketing for audible for 4 years before they were purchased by Amazon. She has the skills to help early-stage business’s grow through marketing. In this episode, she gives some great insight on how to think like a marketer when it comes to growing your audience base, whether that is listeners, investors, or distressed properties.  Shoshana Winter Real Estate Background: Digital media veteran, bringing nearly 30 years of marketing management experience on both the agency and client side Now working at iintoo, the company has managed and raised 357 deals and $600M with a gross asset value of $2.5B Based in NYC, NY Say hi to her at https://www.iintoo.com/ Best Ever Tweet: “I think it’s not just about being lazy, I think we become lazy because we lost faith perhaps.” - Soshana Winter Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael has been in career advising and business consulting for about 25 years now. Before he found his calling he was at a job he was good at but no longer had any passion for and in fact, was making him depressed. Michael went to a career counselor in search of some help because he wanted to find something different and all that did was make him more depressed because they had him apply to 150 jobs and he only had one response. He later realized it wasn’t him or his resume per se but his strategy on how to find work. He shares five solutions he uses to help many of his clients during transitions to find careers that bring them fulfillment. He also shares an amazing tip on how to network instead of the old-fashioned way. Michael Alan Tate Real Estate Background: President and CEO of On the Same Page Consulting Over 20 years of experience as an executive coach, consultant, and strategist Consults clients through making career changes Based in Birmingham, AL Say hi to him at https://michaelalantate.com/  Author of The White Shirt: Find Your Peaceful and Life-Giving Career at Any Stage of Life  Best Ever Tweet: “Ask for a job, and you will get advice. Ask for advice and you will find a job. ” - Michael Alan Tate Learn more about your ad choices. Visit megaphone.fm/adchoices

Leslie grew up around entrepreneurship and investing in real estate. Her family invested in real estate when she was growing up, and she and her brother had to clean the houses and paint them. Joe and Leslie discuss how and what she plans to do with her family when she passes the torch to her son and she shares the six steps from her book Legacy “A guide to successfully transferring wealth from one generation to the next.”  Leslie Quinsay Real Estate Background: Has a real estate portfolio of around 30 properties, with experience in both commercial and residential Previously owned and sold a 30,000 sq. ft. office building Based in Toronto, Canada Get her book at https://amzn.to/2Tka0XI  Say hi to her at https://lesliequinsay.com/ Best Ever Tweet: "At the end of the day your role is to be the captain of this team, so you pull all these experts together, but it's really up to you to guide the team and make sure that the things they put together are things you want for your family." Leslie Quinsay Learn more about your ad choices. Visit megaphone.fm/adchoices

This is part 2/2 of a Syndication Series Theo started in Episode JF2010 where he goes over the best tips and advice he gained from the speakers and conversations he had with other investors at the Best Ever Conference 2020 in Key Stone, Colorado. The Best Ever Conference hosts many great speakers who talk on multiple real estate investing topics but the ones Theo will be sharing today are focused on Apartment Syndication. Enjoy this episode as he explains his takeaways from day one of the conference and what he felt was very helpful from different speakers.     Best Ever Tweet: “As a GP this is obviously a good thing because if it's just a straight up profit split you end up making more money, as opposed to having to give away 8%, 10% of the deal before you make a profit split ” - Theo Hicks Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Syndication School, Theo shares the best tips and advice he learned from The Best Ever Conference 2020. The Best Ever Conference hosts many great speakers on different real estate investing topics but the ones Theo will be sharing today are focused on Apartment Syndication. Enjoy this episode as he explains his takeaways from day one of the conference and what he felt was very helpful from different speakers.     Best Ever Tweet: “Don't make offers in your personal name so basically create a separate LLC, that you use to make offers and then have something in the contract that allows you to assign the contract to yourself, and the reason why you want to do this is because if you walk away from the deal the seller can sue you personally for damages.” - Theo Hicks Learn more about your ad choices. Visit megaphone.fm/adchoices

Spencer just recently went full-time real estate investor. He grew up with his parents both active in real estate and as a child didn’t find it as something he was interested in so he instead went into the world of Technology. During his journey in the Tech-Start-Up world, he landed in a real estate tech company and learned about real estate investing. He then started out in single-family houses and after about 6 investment properties decided it was to slow and started to research multifamily. 10 multifamily deals later he now has a successful real estate business with his wife as his business partner.  Spencer Hilligoss Real Estate Background: Co-founder of Madison Investing Active syndicator, real estate investor, and executive leader Retired from his technology career of 13 years, just 4 weeks ago to go full time in multifamily real estate Has co-sponsored deals totaling more than 3000 units and $328 Million Based in Alameda, CA Say hi to him at https://www.madisoninvesting.co/ Best Ever Book: Best Ever Tweet: “Set a clear goal with specificity, because taking action is critical, but don’t take stupid action. Stupid action just means, your aiming at something and you haven’t even set the goal yet. Go slow to go fast. ” - Spencer Hilligoss Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael’s background was in chemical engineering and after a while, he got tired of the rat race and started to find an interest in real estate. He began by first flipping small duplexes and now has grown the company to millions in assets. His company is now at 300 units, with a mix up of 10-12 buildings. In the beginning, he started out financing his deals with local banks by building relationships with them but more recently have partnered with Goldman Sachs to fund future deals.  Michael Merideth Real Estate Background: Co-founder of Verius Property Group, a real estate development company His role is strategic planning Started flipping small duplexes, has grown the company to millions in assets Based in New Orleans, LA Say hi to him at http://veriusgroup.com/ Best Ever Tweet: “Not getting to recreative and out the box to create something because, in the end, you’re protecting an investment whether it’s yours or a co-investment amongst other people it’s to make sure that the numbers are what they are.” - Michael Merideth Learn more about your ad choices. Visit megaphone.fm/adchoices