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The Best Ever CRE Show

Latest episodes

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Oct 8, 2024 • 19min

JF3687: Closing a $76M Class A Multifamily Deal — Navigating HUD Loans, Property Tax Exemptions, and Market Shifts ft. Chad Brinkerhuff

On this episode of the Best Ever CRE Show, host Slocomb Reed interviews Chad Brinkerhuff, co-founder and managing partner of Great Dane Capital. Chad shares his journey into multifamily investments, detailing the acquisition of a 327-unit property in San Antonio, Texas. The conversation explores the challenges faced during the acquisition process, the importance of tax benefits, and the dynamics of the San Antonio rental market. Chad also discusses his role in evaluating deals and the lessons learned from their experiences, particularly regarding investor relations and navigating HUD processes. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 7, 2024 • 38min

JF3686: How a $1.2M Industrial Deal Delivered 40% Cash-on-Cash Returns — Insights from Memphis Investor Drew Joyner

Drew Joyner, owner of Ash Holdings, shares his experience in commercial real estate, focusing on industrial and retail properties. He values commercial assets for their challenges and stability, and prioritizes tenant management, zoning, and parking issues. Drew highlights a South Memphis deal with a 40% cash-on-cash return and stresses the importance of broker relationships and professional expertise in finding off-market opportunities. Drew Joyner | Real Estate Background Ash Holdings Portfolio: 15 properties / 53 units / ~165,000 sqft Based in: Memphis, TN Say hi to him at: LinkedIn Sponsors: Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 6, 2024 • 31min

JF3685: Cracking the Code on Creative Financing and Commercial Opportunities ft. Ron Walraven

In this episode, Joe Cornwell interviews Ron Walraven, a seasoned real estate investor with over 25 years of experience in wholesaling and creative finance. They discuss Ron's transition from wholesaling to long-term investments, particularly in the commercial real estate sector and assisted living facilities. Ron shares insights on creative financing strategies, the importance of solving seller problems, and the current market landscape as they approach Q4 2024. He emphasizes the need for investors to be problem solvers and to build strong connections with sellers to create win-win situations. Sponsors: Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 5, 2024 • 19min

JF3684: Navigating Distressed Deals, Massive Price Cuts, and High Returns in DC ft. Nick Simpson

In this conversation, Slocomb Reed and Nick Simpson discuss the current state of the real estate market, focusing on multifamily and affordable housing investments. Nick shares insights on recent acquisitions, the challenges of negotiating in a fluctuating market, and the importance of conservative underwriting. They also explore the impact of interest rates on investment strategies and the lessons learned from recent experiences in development and acquisitions. Sponsors: Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 4, 2024 • 38min

JF3683: Mastering New Construction & Value-Add Deals — Insights from Greenville’s Real Estate Pro ft. Arn Cenedella

On this episode of the Next Level CRE Show, Matt Faircloth interviews Arne Cenedella about staying spry in body, mind, and business as they age. Arne shares his daily workout routine and the benefits he experiences from staying physically active. They also discuss Arne's real estate ventures, including smaller syndication deals and build-to-rent projects. Arne explains the advantages of buying new construction properties and the differences in underwriting between older and newer buildings. The conversation explores the differences between new construction and value-add multifamily investments. The hosts discuss topics such as renovation schedules, investor appeal, rental income, operating expenses, real estate taxes, insurance, and the need for purpose and productivity in life. They also touch on the importance of finding a niche and the benefits of organizations like SCORE for small business owners. The conversation concludes with a discussion on longevity and the potential for extending the human experience. Sponsors: Altra Running Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 3, 2024 • 27min

JF3682: Scaling with Cash-Out Refinances and Navigating Anchorage’s Tight Multifamily Market ft. Jesse Janssen

Jesse Janssen shares his journey from a banking career to becoming a multifamily real estate operator in Anchorage, Alaska. He discusses the unique characteristics of the Anchorage market, including its stability and growth potential, as well as the challenges and opportunities in real estate investing. Jesse emphasizes the importance of building a strong team and relationships in the industry, and he provides insights into the current economic landscape and insurance challenges faced by property owners. Sponsors: Apartments.com   Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 2, 2024 • 32min

JF3681: From TV Producer to Multifamily Investor — Seller Financing, Full-Cycle Success, and Surviving Market Shifts ft. Brian Heller

In this episode, Joe Cornwell interviews Brian Heller, founder and CEO of Fairway Equities, who shares his journey from the entertainment industry to real estate investing. Brian discusses his experiences as both a limited partner (LP) and general partner (GP) in multifamily investments, highlighting key lessons learned along the way. He provides insights into a successful full cycle deal, the challenges faced in the current real estate market, and offers advice for investors looking to navigate the evolving landscape in 2024. Brian also touches on his background in reality TV production, particularly his time on Survivor, and the misconceptions surrounding reality television. Brian Heller | Real Estate Background Fairway Equities Portfolio: 1 SFR 1 Duplex Went Full Cycle on 24 units as GP LP in 248 units and BTR fund Based in: Nashville, TN Say hi to him at: www.fairwayequities.com LinkedIn Facebook Sponsors: Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Oct 1, 2024 • 50min

JF3680: Syndication Horror Stories, Declining Capital Calls, and the Opportunity in Suburban Office ft. BiggerPockets CEO Scott Trench

Scott Trench, CEO of BiggerPockets, joins hosts Ash Patel and Amanda Cruise on the Best Ever CRE Show. In this episode, Scott discusses his conservative investing strategy, including his LP investments in syndications that haven’t gone as planned. He also discusses the state and future of multifamily syndications, how he’s navigated capital calls as an LP, and why someone who has never lost money is dangerous to invest with. Scott is an economist at heart, so he shares his insights on the Fed, interest rates, and the economic factors that will likely impact commercial real estate in the coming months. Scott Trench | Real Estate Background CEO of BiggerPockets Based in: Denver, Colorado Say hi to him at: LinkedIn BiggerPockets Sponsors: Altra Running Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 30, 2024 • 28min

JF3679: The Case for Build-to-Rent vs. Multifamily Value-Add — a Semi-Debate ft. Andy McMullen

Andy McMullen, CEO of Legacy Acquisitions, joins host Slocomb Reed on the Best Ever CRE Show. In this episode, Andy discusses developing build-to-rent in the southeast, why the time horizon to build in a certain market is among the most crucial factors when choosing BTR markets, and why he prefers BTR to multifamily value-add. Slocomb — a multifamily owner/operator — plays devil’s advocate, challenging Andy on BTR assumptions and strategies, and Andy fires back with the details and nuances his team focuses on to give them a competitive advantage. Sponsors: Altra Running Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 29, 2024 • 33min

JF3678: Using Future Cash Flow to Get Nearly $6.5 Million in Up-Front Financing ft. Shane LaFave

Shane LaFave, executive vice president of Roers Companies, joins host Joe Cornwell on the Best Ever CRE Show. In this episode, Shane discusses the development aspect of his business, specifically finding land to purchase for new developments, how he’s able to build right now when other developers are struggling, and what he looks for in a land deal. He also provides a step-by-step breakdown of a $45 million deal he did in his backyard in Minnesota, including how he used Minnesota’s tax increment financing program to get nearly $6.5 million in additional up-front financing. Sponsors: Altra Running Apartments.com Learn more about your ad choices. Visit megaphone.fm/adchoices

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