The Best Ever CRE Show

Commercial real estate expert Corey Peterson shares his journey of becoming a master of scaling in the multifamily industry. He reveals valuable insights and strategies for success, emphasizing the importance of curiosity and learning from others. Corey discusses various aspects of commercial real estate investing, from engaging with investors to navigating challenges like rising interest rates.  Key Takeaways The Power of Curiosity and Learning: Corey emphasizes the significance of asking questions and seeking advice from experienced individuals in the field. Being a master copier, he advocates for continuous learning and staying humble, as it's crucial for growth and success in commercial real estate. Effective Investor Engagement: Corey shares his approach to working with investors, highlighting that many are more interested in the operator's track record than chasing high returns. He stresses the importance of quantifying your pitch deck and demonstrating clear value to potential investors. Navigating Market Challenges: Corey provides valuable insights on dealing with challenges like rising interest rates and handling distressed assets. He encourages open communication with lenders, getting lean during tough times, and being prepared for potential capital calls to weather market fluctuations.   Corey Peterson | Real Estate Background CEO and Founder of Kahuna Investments Portfolio: 3,000 units/beds valued at over $250 million Based in: Chandler, AZ Say hi to him at:  kahunainvestments.com LinkedIn Greatest Lesson: Become a master copier of those you admire and want to follow. Past episodes featuring Corey Peterson - JF3240, JF1631 Don't forget to grab Corey's latest book, Trust But Verify: The Passive Investor's Guide to Evaluating Real Estate Syndicators by texting "trust" to 480-500-1127 for a comprehensive guide to vetting syndicators and making informed investment decisions.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. On this episode of Passive Investor Tips, Travis Watts shares his journey from a dangerous oil and gas job to a safer, fulfilling career through passive income investments. His story illustrates how passive income can provide more life options and freedom, emphasizing its importance for a better work-life balance. Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate expert, Reid Bennett, joins host Paul Mueller to discuss the trends and challenges that investors should keep an eye on as they navigate the complex landscape of commercial real estate in 2024. From rising insurance premiums to supply chain issues, Bennett shares valuable insights that will help investors make informed decisions in the coming year. Key Takeaways The Three Ds of Selling: Bennett emphasizes the importance of monitoring owners' motivations, often driven by "death, disease, or divorce," which can lead to opportunities for investors. Additionally, lenders are facing tough decisions as debt service coverage ratios drop, potentially resulting in distressed property sales. Timing the Market: Bennett advises investors not to try to time the market's bottom but instead to focus on deals that make sense with today's debt. He highlights the potential for deals to work out well even with current interest rates, stressing the importance of realistic assumptions. Prepare for Distressed Opportunities: With a prediction of increased distress in 2024, Bennett suggests that investors act swiftly when opportunities arise. He cautions against overestimating rental increases and expense reductions, advocating for a conservative approach to assumptions. Reid Bennett | Real Estate Background National Council Chair of Multifamily Properties for SVN, a full-service commercial real estate franchisor of the SVN® brand comprised of over 1,600 commercial real estate advisors and staff that continues to expand across the globe. Multifamily real estate broker who works without council to serve multifamily clients in over 170 markets around the country. Based in: Chicago, IL Say hi to him at:  LinkedIn Twitter Best Ever Book: Insider’s Edge to Real Estate Investing by James L. Nelson Greatest Lesson: Hire a coach, and if you don't have an admin, you are one.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow. As a real estate investor or operator, you don’t get to decide when maintenance issues and emergencies rear their ugly heads. To protect your business plan, your property, and your tenant’s happiness, the best time to address maintenance issues is before they arise. In this episode of Bonus Operations, Slocomb Reed shares tips and stories about why keeping up routine maintenance is essential to your success.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Known for their success in multifamily real estate, Tim Vitale and Tim Vest share their journey, strategies, and the importance of building a thriving community of investors. Discover how they balance their individual strengths, the benefits of partnerships, and insights into commercial properties.  Key Takeaways Maximizing Partner Strengths: Tim Vest and Tim Vitale emphasize the significance of understanding each partner's strengths and weaknesses within a real estate partnership. By leveraging complementary skills, they optimize decision-making and achieve better outcomes. Building a Thriving Community: The hosts discuss the power of community building, showcasing their Makin' Moves in Multifamily Facebook group. They highlight the value of mentorship and networking in real estate, emphasizing the role of collaboration in success. Effective Time Management: Tim Vest and Tim Vitale share insights into time management and delegation. They emphasize the importance of focusing on tasks that require critical thinking while offloading repetitive or distracting work to optimize productivity and decision-making.   Tim Vitale | Real Estate Background Co-Founder of Vive Equity and Makin Moves Portfolio: 1200+ apartment units 3 NNN locations Based in: Wilmington, NC Say hi to him at:  LinkedIn Tim Vest | Real Estate Background Founder of Harvest Properties Group and Co-Founder of Makin Moves Portfolio: 1200+ apartment units 3 NNN locations Based in: Charlotte, NC Say hi to him at: LinkedIn   Check out the Makin’ Moves Facebook Community!   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Grant Warrington, a seasoned investor with over 41 units under his belt, shares his journey, from starting as a handyman to becoming a successful commercial real estate investor and educator. He discusses the importance of creating content and leveraging social media to reach a wider audience. Grant also highlights his course, the Apartment Buying Blueprint, which equips individuals with the knowledge and confidence to venture into commercial real estate. Key Takeaways Content Creation and Relatability: Grant emphasizes the power of creating relatable content on social media. By sharing his experiences and knowledge in a simple and understandable way, he reaches a broad audience of aspiring investors who may not be familiar with commercial real estate. The Apartment Buying Blueprint: Grant's course, the Apartment Buying Blueprint, offers a comprehensive education on purchasing apartment buildings, especially in the 5 to 20 unit range. This course covers everything from property management to finding off-market deals, making it an invaluable resource for those looking to enter the commercial real estate arena. Off-Market Opportunities: Grant discusses the significance of off-market deals in today's competitive market. He shares his techniques for finding off-market apartment buildings, highlighting the importance of persistence and effective communication with property owners. Off-market opportunities can be a game-changer, especially in a challenging real estate landscape.   Grant Warrington | Real Estate Background Principal at Warrington Capital Portfolio: 41 units personally owned 98 units as small % of GP Based in: St Petersburg, Florida Say hi to him at:  Instagram Best Ever Book: How to Win Friends & Influence People by Dale Carnegie Greatest Lesson: Always camera main drain lines.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys   Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is the audio from our November 2023 meetup in which host Slocomb Reed guides a panel of short-term rental investment experts. This episode covers key property management topics like parking, laundry, and pet policies, offering practical advice for landlords in the Cincinnati real estate market, along with a Q&A session for professionals. Sponsors BV Captial BAM Capital Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

Julian Vogel, fund manager at Colony Hills Capital, shares his insights on the world of commercial real estate, specifically focusing on garden-style multifamily properties and innovative capital-raising strategies. Key Takeaways: The Power of Co-GP Strategy: Julian discusses Colony Hills Capital's unique approach to raising capital through a co-GP (General Partner) strategy. By bringing together LP (Limited Partner) investors and deploying their funds alongside Colony Hills' principles and employees on a deal-by-deal basis, investors can enjoy outsized returns and diversification. Investor Confidence and Trust: Julian emphasizes the importance of building trust and confidence with investors. He highlights the significance of one-on-one Zoom or in-person meetings with potential investors, allowing them to connect with the sponsorship team and understand the strategy and underwriting of the deals. Top-Down Approach to Investing: Julian advises active real estate investors to take a top-down approach. Start by identifying markets or sub-markets with strong demographics, industries, and population growth. Then, dive into the deal specifics, analyzing cap rates, potential renovations, and expense reductions to maximize returns.   Julian Vogel | Real Estate Background Fund Manager at Colony Hills Capital Portfolio: Multifamily - $1.2 billion in total capitalization, +12,000 units, and 36 transactions Based in: Wilbraham, MA Say hi to him at:  LinkedIn Best Ever Book: Ethics of our Fathers by Pirkei Avos Greatest Lesson: Invest using a top-down approach. So, look for markets or sub-markets where there's strong income, strong demographics, strong industry, etc. And that those industries are resilient to downturns in the market, like tech, distribution, medical, education.   Sponsors BV Captial BAM Capital Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor. In this episode, Travis Watts breaks down the three steps he uses to determine if an investment is right for him at any given point in time. They include knowing your goals, knowing your values, and evaluating the investment to see if it matches those two things.   Sponsors BV Captial BAM Capital Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Balara of Lark Capital Group shares his journey from being a veterinary surgeon to becoming a successful real estate investor. With a focus on multifamily properties, student housing, self-storage, and even small businesses, he provides insights and strategies that will captivate commercial real estate investors looking for diverse opportunities. Key Takeaways: Diversification Matters: While specializing in multifamily properties in a specific market, he also explores opportunities in student housing, self-storage, and even small businesses. Diversification can help mitigate risks and create a well-rounded portfolio. The Power of Syndication: Syndication allows investors to scale their projects and take on larger deals while transitioning from a hands-on approach to a more CEO-like role. It's a way to leverage the expertise of others and build wealth over the long term. Impact-Driven Investing: Apart from financial gains, Jason discusses the importance of making an impact through investments. He shares his commitment to helping fellow veterinarians improve their financial situations and highlights the significance of strategic partnerships and giving back to the community. Jason Balara | Real Estate Background CEO Lark Capital Group Portfolio: Active: 236 units multifamily 450 units self-storage 101 units student housing Passive 600+ units multifamily Fund: 450 units multifamily Based in: Los Angrles, CA Say hi to him at:  Instagram LinkedIn Know Your Why Podcast www.larkcapital.com Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Perfection is the enemy of growth.   Sponsors BV Captial BAM Capital Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices