The Best Ever CRE Show
Joe Fairless
Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world.So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show.Join the Best Ever CommunityThe Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria.Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow.Apply now at www.bestevercommunity.com
Episodes
Mentioned books
Feb 27, 2025 • 51min
JF3829: Multifamily Market Analysis, Risk-Adjusted Return Evaluation, & LP Investment Strategy for Today's Real Estate Climate ft. Michael Blank
Michael Blank, founder of Nighthawk Equity, dives into the multifamily investment arena, managing over $300 million in assets. He discusses the evolution of the market since 2022, highlighting the benefits of current risk-adjusted returns with lower leverage. Blank emphasizes the significance of geographic concentration for operational success and shares key strategies for passive investors when vetting operators. Listeners gain valuable insights on adapting to market challenges and making informed decisions in real estate syndications.
7 snips
Feb 26, 2025 • 24min
JF3828: Multifamily Value-Add Strategy, Secondary Market Analysis, & Boiler System Emergency Management ft. Grant Reigner
Grant Reigner, founder of Peak Three Properties, shares his journey from small residential investments to commercial multifamily success, focusing on Indiana markets. He details acquiring a 41-unit apartment in Kokomo, utilizing creative financing methods like seller financing. Grant discusses the challenges of a nine-month closing and an unexpected boiler failure. He emphasizes the importance of secondary market selection, value-add renovations, and building contingency funds to navigate uncertainties in the leasing market.
Feb 25, 2025 • 31min
JF3827: Capital Market Opportunities, Multifamily Absorption Trends, & Lender Relationship Strategy for Market Distress ft. Joe Fairless
Joe Fairless, co-founder of Ashcroft Capital, oversees $2.8 billion in assets and shares his insights on navigating commercial real estate. He discusses capitalizing on opportunities amid market distress by strengthening lender relationships. With record apartment absorption rates and a decreasing construction pipeline, Joe highlights how these factors create unique buying opportunities. He emphasizes 'extreme ownership' in investor communications during tough times, revealing lessons learned from past deals and the importance of transparency in decision-making.
9 snips
Feb 24, 2025 • 31min
JF3826: Creative Deal Structuring Insights, Seller Financing Strategy, & Leveraging Low-Rate Mortgages for Portfolio Growth ft. Casey Mericle
Casey Mericle, a savvy commercial real estate investor, joins the conversation to share his creative financing techniques. He discusses the art of seller financing, showing how to secure properties at higher prices while creating favorable terms. Mericle reveals strategies for helping 1031 exchange investors find temporary parking for their funds. He also dives into the nuances of deal structuring, emphasizing win-win negotiations and leveraging lower interest rates to boost cash flow. Get ready for a treasure trove of insights that could elevate your investment game!
Feb 23, 2025 • 33min
JF3825: Multifamily Theater Redevelopment Case Study, Public-Private Partnership Strategy, & Construction Complexity Analysis ft. Anderson Morgan - Part 2
Anderson Morgan, an expert in multifamily and commercial real estate development, shares his insights on a historic theater renovation in Ohio's Bridal District. He discusses the complex construction challenges faced and the crucial partnerships with local authorities for tax incentives. The conversation delves into effective market analysis for unit pricing and mix, emphasizing the importance of public-private partnerships. Listeners gain valuable strategies for navigating high construction costs and revitalizing neighborhoods through adaptive reuse.
Feb 22, 2025 • 31min
JF3824: Passive Real Estate Investing Framework, Goal Setting Strategies, & Capital Appreciation Path Selection for Beginners
Unlock the secrets to passive real estate investing with strategies for maximized returns. Discover the balance between income-focused and wealth-building investments. Learn about enhancing property values, leveraging market trends, and spotting undervalued properties. Dive into the world of capital gains taxes and explore innovative alternatives to traditional exchanges. Finally, get insights on the dynamics of joint ventures versus syndications, and how to align interests for successful partnerships in the commercial real estate market.
Feb 21, 2025 • 52min
JF3823: Multifamily Market Cycle Insights, Investment Strategy Shifts, & International Real Estate Capital Flow Analysis ft. Reed Goossens
Reed Goossens, head of RSN Property Group and a veteran with over $900 million in syndication, shares his wealth of real estate insights. He discusses navigating the multifamily downturn and closing five deals despite challenges by leveraging positive debt. Goossens highlights distressed investment opportunities and the increasing interest of foreign investors in the U.S. market. He also recounts his transition from engineering to real estate syndication, providing valuable advice for new investors seeking to adapt to today’s landscape.
Feb 20, 2025 • 50min
JF3822: How Fund Managers Think: A Guide for LPs Seeking Smarter Investments ft. Sanjay Vora
Sanjay Vora, CEO of Vessar and advisor to over 200 fund managers, shares his journey from tech executive to fund manager. He discusses crucial due diligence strategies and the significance of diversification in passive investing. Vora emphasizes the need for a cautious approach when evaluating fund managers and exploring opportunities. He also sheds light on the evolving landscape of private funds and innovative funding methods in commercial real estate, offering valuable insights for savvy investors looking to enhance their portfolios.
Feb 19, 2025 • 32min
JF3821: Leveraging Construction Expertise in Real Estate, Building Contractor Relationships, & Value-Add Investment Strategy ft. Anderson Morgan
On this episode of the Best Ever CRE Show, host Joe Cornwell sits down with his business partner Anderson Morgan to discuss how investors can leverage construction expertise to enhance their real estate investments. Morgan shares his journey from a live-in flip to developing a successful construction company, offering insights on building reliable contractor relationships, managing expectations between GCs and investors, and why controlling the construction aspect of real estate investing has been crucial to his success. This episode is part one of a two-part series, with the second part focusing on a specific redevelopment deal case study.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Feb 18, 2025 • 34min
JF3820: Market Recovery Insights, Investment Timing Strategy, & Total Return Expectations ft. Brian Murdy
On this episode of The Horizon with John Chang, Brian Murdy draws from over 40 years of commercial real estate experience to analyze current market dynamics and future opportunities. With multiple market cycles under his belt since Black Monday in 1987, Murdy explains why the bid-ask spread is finally narrowing and why private capital has advantages over institutional investors in today's market. He shares his bullish outlook on multifamily, predicting an 11% unlevered IRR over the next five years, while noting that markets historically rebound faster than experts predict. The conversation provides valuable perspective on why real estate fundamentals remain strong despite current interest rate headwinds, especially given the widening gap between home ownership costs and apartment rents.Brian Murdy | Real Estate Background
Principal @ BTM Investors, LLC
Based in: Vancouver, Washington
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Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
