The Best Ever CRE Show

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. 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. In this episode, Slocomb Reed discusses the value of tenant retention for investors and landlords. He also shares four tips for retaining tenants and reducing turnover from his extensive first-hand experience owning multifamily properties. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Ash Patel sits down with seasoned real estate professional, Darin Davis, to unravel the intricate tapestry of Austin's commercial real estate scene. As the winds of change sweep across Austin, transforming it from a college town to a dynamic global business hub, Darin provides a deep dive into what investors need to know, highlighting the importance of passive income, strategies for navigating rising interest rates, and the power of focusing on foundational wealth. Key Takeaways: Austin's Evolution: Austin's transformation from a laid-back college town to an international business magnet, housing giants like Samsung, Tesla, and Oracle. Despite the rapid influx of businesses and people, Austin continually reinvents itself, preserving its unique charm while embracing modern advancements. Strategies for the Current Market: The shift from ground-up development to focusing on bridge lending due to market changes. The imminent rise of discounted markets in Austin, positioning it as a prime location for savvy commercial real estate investors. The Power of Passive Income: Darin's poignant personal journey emphasizes the indispensable role of passive income and foundational wealth in life's unpredictabilities. The critical distinction between transactional money-making and foundational wealth-building. Darin Davis | Real Estate Background Principal and Co-Founder, Presario Ventures Portfolio: Multifamily Self-storage Retail NNN Based in: Austin, TX Say hi to him at:  LinkedIn presarioventures.com Best Ever Book: Bill O'Reilly's Killing Series Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward. Click here to learn more about our sponsors: Presario Ventures Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.   Today’s episode is the audio from our September Cincinnati Meetup, featuring Joe Fairless, Ash Patel and Slocomb Reed. In the panel, the hosts discuss the keys to successful real estate investing. They stress the importance of recognizing one's strengths, forming strategic partnerships, and understanding the psychological aspect of investing. Their insights offer valuable guidance for real estate enthusiasts of all levels.   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Slocomb Reed sits down with Aaron Saunders from Spartan Construction Management, a company specializing in ground-up construction, particularly in the self-storage sector. Aaron shares his background in construction and real estate investing, discussing his transition from single-family homes to multifamily limited partnerships. He also talks about the challenges and lessons learned from ground-up construction projects, including issues related to scope changes, material costs, and regulatory requirements from different municipalities. The conversation highlights the importance of due diligence in real estate investments and the need to plan carefully when embarking on ground-up construction projects. Aaron Saunders | Real Estate Background President - Spartan Construction Management Portfolio:  Mutliple Self-storage Properties Based in: Golden, CO Say hi to him at:  www.spartanbuilt.com LinkedIn Best Ever Book: Multipliers by Greg McKeown and Liz Wiseman Greatest Lesson: "Hiring the wrong GC. I built 3 homes with the wrong builder and after 2 years and only one finished." Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Rentec Direct Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. 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.  In this episode, Slocomb Reed discusses the significance of evicting tenants with compassion and professionalism, emphasizing clear communication, advance notice, and assisting with rental assistance. Treating tenants respectfully not only benefits them but also leads to quicker resolutions and profitability for property managers. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. 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 discusses the financial benefits of moving to states with lower or zero income taxes in the United States. He shares his personal experience of moving to Florida for tax savings, housing affordability, and lifestyle improvements. The episode explores factors to consider when evaluating such a move, like income, housing, and employment, and provides examples of potential tax savings based on different scenarios, highlighting the ongoing trend of people relocating to tax-friendly states. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Ash Patel engages in a captivating conversation with Darin Davis, principal and co-founder of Presario Ventures, based in Austin, Texas. Together, they explore the evolving landscape of commercial real estate investing, with a particular focus on the multifamily sector. Darin shares his extensive 22-year journey in the real estate industry, revealing how he transitioned from a corporate background to become a pioneering multifamily investor. Key Takeaways: The Art of Acquiring at a Discount: Darin emphasizes the importance of purchasing properties at a discount. By not overpaying and targeting Class A properties in areas with strong demographics and job growth, investors can secure solid returns. Economic Perspectives and Predictions: Darin recalls the challenges faced during 2008-2010 and how his team successfully navigated through the economic downturn. He offers predictions on interest rates and provides insights on the looming economic headwinds, suggesting investors should be prepared for current rates to hold for the next three years. Importance of Due Diligence and Trust: The discussion highlights the critical role of due diligence in safeguarding investor interests. Darin touches on the HUD insured loan program, its benefits, and its application. The necessity of establishing and maintaining trust with investors is also underscored.   Darin Davis | Real Estate Background Principal and Co-Founder, Presario Ventures Portfolio: Multifamily Self-storage Retail NNN Based in: Austin, TX Say hi to him at:  LinkedIn presarioventures.com  Best Ever Book: Bill O'Reilly's Killing Series Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys     Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Andy Sinclair delves deep into the strategies that have catapulted Midloch to success, discusses the importance of diversification in property types, and offers predictions about the future of interest rates and investment approaches in uncertain markets. Key Takeaways: Value of Diversification: Sinclair emphasizes the importance of diversifying across property types, explaining the risks and potential rewards of focusing on multifamily, commercial, retail, and industrial real estate. He offers insights into how being versatile can provide protection against market fluctuations. Strategic Debt Management: Understanding and managing debt is paramount. Sinclair shares Midloch's strategy of stress-testing deals and the importance of not overleveraging. He highlights the interplay between fixed interest rates, future buyers, and market conditions. Liquidity and Preparedness in Uncertain Times: Sinclair underscores the importance of staying liquid and the challenges and opportunities it presents in the current economy. He provides a forward-looking perspective on accumulating "dry powder" to capitalize on future property investments. Andrew Sinclair | Real Estate Background CEO and Principal of Midloch Investment Partners Portfolio:  $600 million+ of JV interests in multifamily and commercial real estate mainly in the Midwest Based in: Milwaukee, WI Say hi to him at:  LinkedIn Best Ever Book: Game of Edges by Bruce Schoenfeld Greatest Lesson: There is nothing wrong with having a little cash on hand. You will never regret it when you need it. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Dive into a deep discussion with Rebekah Taylor, partner in Taylored Investments, as she shares her journey from house hacking in Lynchburg, Virginia to partnering with top-class operators in the commercial real estate space. In this episode, we uncover the importance of due diligence, the impact of current market conditions, and the broadened horizons of real estate investing beyond traditional multifamily units. Key Takeaways: Holistic Investment Approach: Rebekah emphasizes the importance of not only investing in one's finances but also in personal health, family, and spiritual growth. She cautions against being solely driven by financial gains and urges investors to recognize the value in other aspects of life. Current Market Trends & Debt Structures: The shifts in interest rates and the resulting impact on multifamily investments are highlighted. Rebekah touches upon the challenges faced with current debt structures, particularly for those who took short-term interest rates in recent years. The Power of Partnership & Due Diligence: Rebekah's strategic partnership in a residential assisted living facility showcases the significance of teaming up with experienced operators. She stresses the value of thorough due diligence and learning from each investment experience to grow and adapt in the real estate landscape. Rebekah Taylor | Real Estate Background Partner at Taylored Investments Portfolio:  120 multifamily units as a GP 437 multifamily units as an LP LP in fund of funds that controls 225 properties with mobile home parks, self-storage, and multifamily  9 units of SFR and small multifamily Strategic partner in a 125-bed assisted living facility Based in: Lynchburg, VA Say hi to her at:  Linktree LinkedIn Best Ever Book: The Go-Giver by Bob Burg Greatest Lesson: Hope for the best & plan for the worst by having multiple income streams for unexpected job losses.   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever. Derek Vickers shares his journey from manual labor jobs to dominating the mobile home park space. Join us as Derek dives deep into his experiences, shedding light on the pitfalls to avoid, the importance of systems, and the transformative power of hiring right in the commercial real estate realm. Key Takeaways: The Pitfalls of Rapid Growth: Derek emphasizes the dangers of growing too fast in commercial real estate. Without the right systems in place, it's easy to lose money and find oneself overwhelmed. Preparing and scaling responsibly is paramount to sustainable success. The Power of Systems and Processes: Derek's experience highlights the importance of establishing robust systems early on. From noting step-by-step processes to ensuring checks and balances for managerial roles, these systems can save investors from significant losses. Overcoming Limiting Beliefs in Hiring: Hiring the right team can make or break your real estate business. Derek's initial hesitations about bringing in help, rooted in limiting beliefs, later transformed into an understanding of the invaluable role a supportive team plays. Especially when scaling, the right hires can be game-changers. Derek Vickers | Real Estate Background CEO of Vicktory Investments and Owner of Park Investing Pros Portfolio:  1,926 mobile home park pads Based in: Orlando, FL Say hi to him at:  Free Checklist: How to Structure Your First MHP Investment The MHP Show Best Ever Book:  Zeckendorf by William Zeckendorf Greatest Lesson: Don’t grow too quickly. Establish systems and processes along the way, so you can handle the growth when you do decide to scale.   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices