The Best Ever CRE Show

Ash Patel interviews Adam Carswell from RaisingCapital.com. Adam shares his journey from semi-pro basketball to capital raising. He discusses the importance of due diligence, integrity, and legal aspects in capital raising, and highlights the value of networking and mentorship in real estate investing. Adam Carswell | Real Estate Background Director of Connections at RaisingCapital.com Based in: Tampa, FL Say hi to him at:  LinkedIn Best Ever Book: The Way of the Superior Man Greatest Lesson: Service above self.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse Futia, real estate brand advisor and co-founder of Fin Ghost, explains how to use LinkedIn to 10X your capital raising results. He emphasizes the importance of a strong digital presence, consistent posting, and relevant content to establish trust and attract higher investment contributions. Jesse shares his own experience engaging with potential investors through relatable content and the need for a personal touch in digital interactions. He also discusses the transformative role of social media, particularly LinkedIn, in capital raising and investor networking.

Joe Riley, CEO of Patriot Family Homes, discusses the dynamic world of short-term rentals, focusing on challenges and opportunities within this niche. He shares his thoughts on how the short-term rental industry will be impacted alongside economic decisions in 2024 and how owners can maximize profits going into the new year. Key Takeaways: Shift in Business Focus: Joe discusses the strategic shift from acquiring properties to acquiring short-term rental operators, a response to the challenges in real estate acquisitions due to fluctuating home prices, interest rates, and rising operational costs. Market Dynamics and Regulatory Impact: The episode highlights how market regulation levels significantly affect the short-term rental industry. Less regulated areas have seen a surge in supply, impacting investor returns, while tightly regulated markets like Savannah have been more stable. Advice in Maintaining Profitability: For short-term rental owners, Joe recommends diversifying listing platforms, adjusting booking strategies, and targeting medium-term guests during off-seasons to maintain high occupancy and revenue. Joe Riley | Real Estate Background CEO of Patriot Family Homes Portfolio: 550+ short-term rental units in 13 states  Based in: Chattanooga, TN Say hi to him at:  patriotfamilyhomes.com Greatest Lesson: Find your niche, and stay focused. Become the absolute best operator in that niche that you can be.   Check out Joe’s previous episode: 2738 - The Innovative Strategy to Scale Military Short-Term Rentals   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

William Edwards of GDD Invests explores his dynamic journey from small-scale beginnings to managing substantial real estate portfolios. William shares the steps he took to teach himself real estate investing, how he progressed from LP to GP deals, and the role local market knowledge can play in your investment deals. Key Takeaways: Transitioning into Real Estate Investing: William shares his journey from a 24-year career in ERP and CRM software to real estate investing. He shares the importance of capital preservation and asset diversification in response to economic uncertainties like the 2008 financial crisis and COVID-19. Strategies for Growth in Real Estate: William details his progression from limited partner investments to general partnerships in multifamily properties. He provides insights into the selection and management of multifamily units, with a focus on market knowledge and property type. Investing for Your Goals: William talks through the stages of his investing career. The deals he pursued always reflected the goals he had at the time, and his criteria changed over time to align with those goals. William Edwards | Real Estate Background Managing Partner at GDD Invest Portfolio: GP of 188 multifamily units LP of 5,000 multifamily units One self storage fund Land investments Based in: Charlotte, NC Say hi to him at:  LinkedIn Instagram gddinvest.com Best Ever Book: Tax-Free Wealth by Tom Wheelwright Greatest Lesson: Walk every unit.    Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Kane of Patriot Capital Investments shares his journey from house hacking while in the military, to scaling up to 1,200 doors of multifamily in two years, to taking the lead on a 70,000 square foot ground up development industrial warehouse project. He shares creative strategies for putting yourself in front of potential investors and why he’s diversifying his portfolio into industrial.  Key Takeaways: Balancing Financing and Investment Strategy: Kane discusses the intricacies of financing commercial real estate projects, emphasizing the balance between loans, investors, and equity splits to achieve success. He also provides insight into the approach of building a 70,000 square feet industrial warehouse complex in San Antonio without loans, focusing on bringing in investors and potential refinancing for quick replenishment of funds. Creative Approaches to Capital Raising: Kane shares some unique ways he’s put himself in front of people with “expendable” income and business acumen, ideal investors for commercial real estate deals. Transitioning Strategy in Real Estate Ventures: Kane emphasizes the significance of transitioning between different real estate ventures, from smaller multifamily properties to midsize deals, and the importance of staying grounded and humble despite past successes. Jeremy Kane | Real Estate Background Patriot Capital Investments Portfolio:  1,200 multifamily units 3 residential properties Based in: Austin, TX Say hi to him at:  LinkedIn Best Ever Book: Atomic Habits by James Clear Greatest Lesson: Building your team with the right people that match your values and risk is okay if it’s calculated.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team. In the first episode of the Multifamily Fundamentals series, seasoned real estate professionals Matt Faircloth, Hervé Francois, and Justin Fraser delve into the Core Four method, unraveling the secrets behind scaling a successful multifamily real estate business. From discovering deals to underwriting, raising capital, and executing the business plan, they offer invaluable insights into the pivotal roles that drive long-term growth in commercial real estate. Key Takeaways: The Core Four Superpowers: Explore the critical roles of the hunter, brain, money, and hammer in multifamily real estate. Understanding these distinct roles and their interplay is pivotal for scaling and sustaining a successful business. Importance of Collaboration: Successful multifamily teams thrive on collaboration. While each role operates independently, their synergy and collective effort determine the success of a deal. Collaboration among hunters, brains, money managers, and hammers ensures a comprehensive approach. Roadmap to Success: Having a roadmap and educating yourself can significantly improve your chances of success. Learning from the bumps along the way, creating a solid roadmap, and staying confident can pave the way for real estate investors to achieve their goals and scale their businesses effectively.   Sponsors BAM Capital 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 discusses the idea of creating your own economy and focusing on what’s in your control. We are constantly bombarded by headlines about the economy and real estate investing, and a lot of it impedes us from achieving our goals. So, Travis encourages you to change your perspective and think about what you can do to take control and make 2024 your best year yet.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Hilley, Founder of 1031 Specialists, unravels the mysteries and myths surrounding this powerful tax-saving strategy. He shares the potential benefits of 1031 exchanges, addressing common misconceptions, and even some lesser-known hacks that investors can use to their advantage. Key Takeaways: The Power of Compounding Tax-Free Returns: John Hilley highlights the significant advantages of using 1031 exchanges to defer capital gains taxes. By reinvesting your profits tax-free, you can exponentially grow your real estate portfolio and maximize your returns over time. Debunking Myths: Many investors believe that 1031 exchanges are complicated or restricted to specific scenarios. However, John dispels these myths, emphasizing that 1031 exchanges can be more flexible and straightforward than commonly thought. He also clarifies misconceptions about property types, entities, and transactions that can qualify for a 1031 exchange. Timing Matters: Understanding the timing of a 1031 exchange is crucial. John explains that while you can defer taxes by initiating a 1031 exchange, the year of the first property sale is what ultimately determines when you pay those taxes. He provides insights into managing your tax liability by strategically navigating the 1031 exchange process, even if you opt out of it. Jon Hilley | Real Estate Background Founder of 1031 Specialists Based in: Denver, CO + Orange County Say hi to him at:  Twitter Best Ever Book: The Giving Tree by Shel Silverstein Greatest Lesson: Raising $100MM doesn't guarantee success.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Sterling Griffin, Founder of Sterling Capital, shares his journey from homelessness to financial freedom through medical real estate investing. He discusses the unique strategies he employs in this niche market, the importance of mentorship, and valuable lessons learned along the way. Key Takeaways: Buy Off Market, Sell on Market: Sterling emphasizes the importance of buying off-market properties in the medical real estate sector. By identifying hidden opportunities that haven't yet been priced at their full market value, investors can secure unique deals that offer significant potential for profit. The Power of Mentorship: Sterling attributes much of his success to mentorship. He highlights the value of learning from those who have already achieved what you aspire to accomplish. Mentorship can provide essential insights, shortcuts, and the right mindset needed to thrive in the world of commercial real estate. Investing in Medical Real Estate: Sterling's approach to medical real estate investing involves securing existing properties, planning for specific tenants, and having exit strategies in place. While the market dynamics may change, Sterling focuses on delivering consistent returns, typically targeting around 30-31% returns, showcasing the importance of adaptability in real estate investment. Sterling Griffin | Real Estate Background Founder of Sterling Capital Portfolio: $20 million in medical real estate $9.5 million in other NNN commercial properties Based in: Austin, TX Say hi to him at:  LinkedIn Passivemedicalrealestate.com Twitter Best Ever Book: The Success Principles by Jack Canfield Greatest Lesson: Not getting everything in writing and relying on a tenant's word as I invested heavily into specialized development for their needs.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Best Ever Roundtable, the hosts discuss the Federal Reserve's December meeting and its implications for investors in 2024. They talk about potential interest rate reductions, cheaper debt for investors, and the Fed's outlook on the economy. They also cover topics such as collecting rents from federal stimulus money, focusing on human productivity as a real estate investor, and analyzing the local market for future deals. Additionally, they discuss the pressure on property owners in commercial real estate and the likelihood of forced sales.