The Best Ever CRE Show

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. Value-add strategies are everywhere. You just have to know how and where to find them. In this episode, Travis shares his own personal stories of embracing a value-add mindset outside of real estate to negotiate great terms and turn a profit.   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.   Today’s Headlines: $4.5B Portfolio for Sale: Lennar has put a massive 11,000-unit multifamily portfolio up for sale. The portfolio is spread across 38 properties in 15 states and is valued at a staggering $4.5 billion. JLL has been tapped to manage the sale. Bye Bye, Boom: Warehouse construction starts have plunged 48%, the steepest drop since 2009, all while industrial real estate sales at large fell by 45% in Q3, prompting the Wall Street Journal to declare that the Great American Warehouse Building Boom is over. Retail’s Heating Up: Office real estate posted a third consecutive month of pricing gains while retail thrived, posting a fourth straight month of pricing gains and an average occupancy rate of nearly 86%, its highest since October 2022, according to Crexi data. Today’s Guest: Jarred Schenke is a veteran commercial real estate journalist and currently writes for Bisnow. Recently, he researched and wrote a piece about how when it comes to multifamily, renter application fraud has gained significant momentum in 2023, largely due to three key factors: The ease with which renters can forge documentation in the digital application process — or apply using a stolen identity altogether. The accessibility on social media (like TikTok, Twitter, Reddit, and more) to information on how to forge such documents (or, in some cases, the ability to purchase fully fraudulent document packages directly). Law enforcement’s inability (and, let’s be real, unwillingness) to do anything about it.   He joined our host, Paul Mueller, to discuss his piece, the biggest surprises from his research, the overall trend of renter fraud, and how social media is enabling the troubling trend.   Sponsors BV Captial BAM Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, we chat with Martin Grizzanti of Suplex Properties. Martin has over $20 million in AUM in the Rochester, New York area. Martin and Slocomb discuss their unique approaches to finding off-market deals, the power of partnerships, and the valuable lessons they've learned along the way in their investing journeys. Key Takeaways: Off-Market Opportunities: Marty and Slocomb emphasize the importance of creating your own market by actively seeking off-market deals. Their successful strategy involves cold calling, direct mail, and targeted marketing campaigns, which have proven to be effective in finding hidden opportunities. The Value of Partnerships: The podcast highlights the significance of choosing the right partners in commercial real estate ventures. Marty shares a valuable lesson about the importance of having candid conversations about roles and expectations within a partnership before diving into a deal, ensuring a smoother and more equitable collaboration. Continuous Learning: Whether it's exploring various asset classes or refining sales and marketing skills, they believe that continuous learning and adaptation are key to long-term success in the ever-evolving commercial real estate industry. Martin Grizzanti | Real Estate Background Suplex Properties, LLC Portfolio $20 million AUM - residential, multifamily, industrial, storage Based in: Rochestery, NY Say hi to him at:  Twitter https://www.youtube.com/@martygrizzanti1663 Best Ever Book: Never Split the Difference by Christopher Voss and Tahl Raz Greatest Lesson: You can’t fail if you don’t quit. Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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