The Best Ever CRE Show

Victor Leite, Partner at Twenty-Five Eight Capital, delivers his take on how to strategically scale a portfolio and the operations to go along with it in today’s market. He shares tips on going direct-to-seller on deals, how syndicators can minimize damage on distressed deals, and advice to new investors looking to dip their toe into the CRE world. Key Takeaways Preserve Your Reputation Above All: Victor emphasizes the significance of reputation and trust in the world of commercial real estate investing. He believes that safeguarding your reputation and maintaining the trust of your partners and investors is more valuable than any capital in your bank accounts. Flexibility and Long-Term Thinking: Real estate is a long-term game, and Victor advises investors to adopt a forward-thinking approach. Instead of seeking perfection in every deal, focus on progress and flexibility, adjusting your strategies to changing market conditions. Prepare for Market Cycles: Victor acknowledges the uncertainty in today's market, with shifting interest rates and economic conditions. He recommends staying prepared for market downturns, collaborating with experienced partners, and actively seeking off-market deals to capitalize on opportunities.   Victor Leite | Real Estate Background Partner at Twenty-Five Eight Capital Portfolio: Mix of single family homes, multifamily, flex industrial, and retail Based in: Virginia Beach, VA Say hi to him at:  258cap.com Facebook LinkedIn Best Ever Book: Breaking the Habit of Being Yourself by Joe Dispenza  Greatest Lesson: Trying to do everything myself and not bringing in my partners sooner. Listen to Victor’s previous episode: 2096 - Going From The Medical Field to Investing   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Bill Ham, founder of Real Estate Raw and previous owner of over 1,000 multifamily units, shares his wisdom on gauging market cycles, the importance of cash flow and net worth, and why he chose to sell his entire real estate portfolio.  Key Takeaways: Cash Flow vs. Equity: Bill emphasizes the importance of balancing cash flow and equity in your commercial real estate investments. He aptly states, "Cash flow gets you out of a job, but equity keeps you there." This insightful perspective highlights the need to consider both short-term profitability and long-term wealth-building when making investment decisions. Legacy Wealth and Business: Bill challenges the notion of leaving behind individual assets as a legacy. Instead, he suggests focusing on leaving a legacy of education, business models, and systems, emphasizing that individual assets may not always be the best gift to pass on to the next generation. Getting Started: Bill's best advice for aspiring commercial real estate investors is simple: get started. He encourages listeners to acquire an education, analyze deals, and network within the industry. Bill dispels the myth that real estate investing is only for a select few, emphasizing that anyone can succeed in the business with the right knowledge and determination. Bill Ham | Real Estate Background Real Estate Raw Portfolio:  Nothing - sold everything in 2022 Based in: Atlanta, GA Say hi to him at:  realestateraw.com Best Ever Book: Creative Cash by Bill Ham Greatest Lesson: Get an education and get started. It's always the right time to buy real estate.   Check out Bill’s previous episode: 2449 - Master Seller Financing, Leasing and Creative Financing Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode, Joe Cornwell interviews Jordan Moorhead, a real estate investor who has transitioned from multifamily properties to mobile home parks for better scalability and lower maintenance. Morehead also runs a real estate business with a focus on house hacking, emphasizing adaptability and strategic partnerships in real estate investing. Key Takeaways - Investment Strategy Evolution: Jordan Morehead transitioned from focusing on small multifamily deals to investing in single-family homes, and most recently, to mobile home parks. Scalability and Maintenance: He emphasizes the scalability and reduced maintenance of mobile home parks compared to single-family homes. Real Estate Agent Business: Morehead operates a real estate agent business, specializing in assisting clients with house hacking strategies. Importance of Adaptability: The episode highlights the need for adaptability in real estate investing, adapting strategies to market conditions and personal growth. Jordan Moorhead | Real Estate Background The Moorhead Team Based in: Austin, TX Say hi to him at:  Instagram Twitter Best Ever Book:  Cashflow Quadrant by Robert Kiyosaki Greatest Lesson: Buying without proper due diligence.   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Ashley Wilson, CEO of Bar Down Investments, covers a wide variety of topics and challenges facing today’s real estate investors. She discusses the current market conditions and the challenges her team is facing in evaluating property values. Ashley shares the types of value-add deals they are looking for, including distressed properties and unfinished projects with insights into the losses experienced by developers in the current market. She also shares her insights on preparing for the impact of COVID-19 and gives recommendations for giving back and learning from investment mistakes. Key Takeaways: Operations is Everything: In a downturn, when interest rates and costs are rising fast, the only thing you can fall back on is solid operations. Ashley shares the strategies and safeguards her team has in place to protect their deals and their investors when times get tough. Relationships Are Key in Commercial Real Estate: Ashley emphasizes that commercial real estate is a highly relationship-based industry. Building strong rapport with brokers, investors, and other stakeholders is paramount to gain a competitive edge. Adaptability and Forward Thinking: Ashley's experiences during the COVID-19 pandemic demonstrate the significance of adaptability and forward thinking in real estate. She outlines the steps her team took before the pandemic hit, which allowed them to thrive when others struggled. Planning for multiple scenarios and being prepared for unexpected market shifts is crucial. Value-Add Strategies and Community Building: Ashley discusses her approach to value-add investments, focusing on existing properties. Her strategy extends beyond cosmetic enhancements, encompassing operational improvements, safety measures, and community engagement. By making investments that benefit both tenants and the local community, investors can create long-term value and goodwill. Ashley Wilson | Real Estate Background CEO of Bar Down Investments Portfolio:  Multifamily properties Based in: Newtown Square, PA Say hi to her at:  BarDownInvestments.com ApartmentAddicts.com Instagram Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki Greatest Lesson: Not everyone analyzes deals the same way, and that’s okay. Not every deal has to fit in your perfect little box.   Check out Ashley’s previous episode: 2377 - Raising Occupancy and Avoiding Skips during Covid with Ashley Wilson   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Travis Watts, a full-time passive investor and host of Passive Investor Tips, shares the milk bucket strategy for automating passive investing. He discusses the concept of investing for financial independence and the importance of partnering with BAM Capital for easy management of passive income producing investments.

CRE expert Logan Freeman joins the podcast to discuss two bills proposed in Congress that target institutional investors. The bills aim to reduce their ability to own single-family homes. This episode provides insights into the proposed legislation and its potential impact on the housing market, rental rates, housing affordability, and the supply of housing. It also emphasizes the importance of considering local regulations and geographical locations for real estate investors.

Iven Vian, the Apartment Ninja Warrior with an 800+ unit portfolio, shares his wisdom about the importance of proactive asset management, being in alignment with your property management company, and facing the realities of real estate investment. Key Takeaways: Shift from Reactive to Proactive Management: Ivan highlights the critical importance of understanding how today's decisions impact the property's future, focusing on mitigating risks, and maximizing long-term profitability. The Business Mindset in Real Estate: Iven stresses that owning commercial real estate is not just about property ownership; it's about running a business. He dispels the myth that investing in real estate is a passive endeavor, highlighting the necessity of aligning ownership goals and involving property management companies as integral parts of the business strategy. Closing the Gap Between Expectations and Reality: Iven calls for transparency and realism in the industry, advocating for a more seamless transition from underwriting to property management. He believes in addressing misalignment in ownership teams, setting clear priorities, and ensuring all stakeholders have a deep understanding of the operational aspects of a property investment. Iven Vian | Real Estate Background Owner of Apartment Ninja Warriors Portfolio: 880 doors Based in: Oklahoma City, OK Say hi to him at:  Facebook anthemcp.com Instagram Best Ever Book: Think and Grow Rich by Napoleon Hill Greatest Lesson: If you're doing this as a GP or operator, you have to approach real estate as a business and treat it like one.   Check out Iven’s previous episode: 2702 - 4 Ways to Balance a Full-Time Job with Multifamily Investing   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Picheny, a real estate investor and coach with a portfolio of over 4,500 multifamily units, shares his strategies for navigating around increasing expenses, including evaluating your budget for potential savings, creating additional income where possible, and contesting property taxes when appropriate. Key Takeaways: Expense Reduction Strategies: Matt emphasizes the importance of scrutinizing every line item in the financials, questioning vendor relationships, and seeking opportunities to reduce expenses. He highlights negotiating insurance and taxes, renegotiating contracts, and in-house hiring for specific trades as effective methods to cut costs. Property Tax Contesting: Matt shares his experience with contesting property tax increases, emphasizing that it's an ongoing process. He discusses the alignment of interest with consulting firms that work on a contingency basis, ensuring that they only take on projects where savings are achievable. Acquisitions in the Current Market: Matt outlines his acquisition strategies for the current market, focusing on properties where he can assume seller debt and secure favorable financing terms. He also discusses the potential of new construction deals with advantageous financing, presenting them as the ultimate value-add opportunities. Matt Picheny | Real Estate Background Real Estate Investor & Coach Portfolio: 4,500+ multifamily units as a GP 7,000+ units as an LP Based in: Brooklyn, NY Say hi to him at:  picheny.com Best Ever Book: Principles by Ray Dalio Greatest Lesson: I should have bought rate caps on several deals as opposed to using variable rate debt. Check out Matt’s previous episode: 2679 - 5 Tips for Transitioning from LP to GP   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Deaton, founder of Flipping Dirt and Deaton Equity Partners, sheds light on the world of land flipping. His simple buy low, sell high strategy requires very little time and energy, and results in major profits. Key Takeaways The Formula for Simple Land Flipping: There are a variety of business models when it comes to land flipping. Mike’s strategy consists of buying properties significantly under market value, doing nothing to them, remarketing them, and selling them within 4 weeks for a hefty profit. There are very few outside parties and logistics involved. Marketing Tips for Land Deals: Mike shares his techniques for marketing and selling land properties quickly. He talks about the websites and platforms he uses to list properties, how and when he works with realtors, and how he approaches conversations with buyers. The Tax Advantages of Multifamily: After seeing such success with land flipping, Mike’s tax bill was less than ideal. He decided to diversify his portfolio by investing in multifamily to take advantage of the tax and depreciation benefits that asset class brings. Now, his tax bill is near zero.   Mike Deaton | Real Estate Background Founder of Flipping Dirt and Deaton Equity Partners Portfolio: $1M in land holdings 1,000 multifamily units Based in: Woodland Park, CO Say hi to him at:  flippingdirt.us cashflowfightclub.com Best Ever Book: Mindset by Carol Dweck Greatest Lesson: the current financial environment is providing tons of learning   Check out Mike’s previous episode: 2710 - 4 Strategies to Scale as a Multifamily Syndicator   Sponsors BV Captial BAM Capital     Learn more about your ad choices. Visit megaphone.fm/adchoices

Ross McArthur, co-founder of Follow the Deal Investments, shares his journey in CRE investing, from being terrified to invest in a four-unit property in 2020 to closing 15 deals in 15 months to establish a 600 unit portfolio today. Key Takeaways Treating Real Estate Like a Business: Even if investing is just a side hustle for you, treat it like a business, not a hobby. This means organizing your operations, setting up dedicated email accounts, and implementing proper accounting and tracking software from day one. Strategic Team Building: The key to building a great team is hiring where you’re weak. You don’t have to hire a full team at 40 hours a week right away. Ross shares the transformative impact that hiring a part-time CFO and partnering with a real estate-focused CPA has had on his business and overall bottom line. The Power of Cash Out Refinancing and Local Banks: Ross increased his portfolio by 100 units in 12 months by utilizing the cash out refinance method and building relationships with local banks who gave him favorable financing terms. In today’s environment, having a good relationship with your local credit union may make the difference in getting a deal done or not. Applying a Sales Process to Your Investing Business: Ross has developed relationships with several key brokers in his market. He calls each of them several times a month to review their pipeline, analyzing new deals and returning to ones he may have passed on previously. This gives a steady pipeline of deals to underwrite and off-market access to potential properties.   Ross McArthur | Real Estate Background Follow the Deal Investments Portfolio: Multiple multifamily properties in Indiana Based in: Indiana Say hi to him at:  LinkedIn followthedeal.com Best Ever Book: The Decision by Kevin Hart Greatest Lesson: You have to treat real estate investing like a business, not a side hobby. And that means having some form of accounting and tracking software, having a specific email set up, basic things to keep yourself organized like a business.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices