The Best Ever CRE Show

Joe Fairless
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Sep 4, 2023 • 29min

JF3287: Keith Fromm - Unraveling the ULA Tax: How One Attorney is Challenging Unfair Real Estate Taxation

Are your real estate investments in jeopardy due to a hidden tax? Join us as we dive into the world of real estate taxation with Keith Fromm, a seasoned attorney, litigator, and real estate developer with over 40 years of experience. Based in Los Angeles, Keith exposes the shocking reality of the ULA tax, a controversial property tax that's causing waves in the industry. From misleading labels to its wide-ranging impact, discover how Keith is taking the fight against this unfair tax to the courts and why it matters to your investments. Key Takeaways: Understanding the ULA Tax: Keith breaks down the ULA tax, a seemingly deceptive policy sold to the public as a "mansion tax," but in reality, it applies to all types of real estate transactions over certain thresholds. Discover the implications of this tax, from its high rates to its retroactive nature, and how it's affecting the real estate market in Los Angeles. Constitutional Challenges and Legal Approach: Keith sheds light on the various constitutional violations posed by the tax, from equal protection to freedom of speech, and explains how these challenges are being pursued through litigation. Learn how his efforts are not only focused on overturning the tax but also on creating a precedent that protects property rights. Real Estate Development Insights: Beyond the legal battle, Keith shares his journey as a real estate developer and the lessons he's learned from his experiences, from adapting to changing demographics to leveraging marketing strategies tailored to specific audiences.   Keith Fromm | Real Estate Background Real Estate Attorney and Litigator Based in: Los Angeles, CA Say hi to him at:  fightula.com Best Ever Book: Great Expectations by Charles Dickens Greatest Lesson: Don't give up, and keep fighting. It will not only benefit you in the end, but thousands of others as well.   Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 3, 2023 • 37min

JF3286: Reid Bennett - Navigating the Multifamily Brokerage and Lending Landscape

Ready to unravel the secrets of successful multifamily real estate investing? Dive into a captivating discussion with Reid Bennett, a multifamily industry veteran with over 22 years of experience. Explore multifamily strategies, lender insights, and market dynamics that can reshape your investment approach and maximize your gains. Key Takeaways: The Power of Networking in Commercial Real Estate: Learn how to effectively build relationships with brokers and other key players in the industry, and discover the importance of demonstrating your legitimacy as a buyer. Insights into Distressed Assets and REO Properties: Delve into the world of distressed multifamily assets and Real Estate Owned (REO) properties. Bennett provides valuable advice on how to approach lenders, manage properties in receivership, and navigate the challenges posed by insurance rates and market uncertainties. Strategies for Real Estate Success and Economic Trends: Gain valuable insights into the current economic landscape, lending trends, and rate forecasts. Bennett shares his thoughts on conservative underwriting, the impact of rising interest rates, and the potential benefits of seller financing in today's market conditions.     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.   Click here to learn more about our sponsors: Masterworks Delete Me BAM Capital SyndicationAttorneys.com Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 2, 2023 • 37min

JF3285: Yannik Cudjoe-Virgil - From NFL to Multifamily: Scoring Big in Commercial Real Estate

Ever wondered how a former NFL player transitioned from the football field to thriving in the world of multifamily real estate? Get ready to uncover the playbook of Yannik Cudjoe-Virgil as he shares his remarkable journey from the gridiron to becoming a successful real estate investor. From leveraging relationships to capital raising tactics, Yannik reveals the game-changing strategies that propelled him to success in the commercial real estate arena. Key Takeaways: The Power of Relationships and Networking: Yannik shares insights into how his background in the NFL and his connections within the sports community opened doors for capital raising and partnerships. Lessons in Partnerships and Operations: Yannik shares the benefits of having a reliable partner who complements your skills and expertise in multifamily investing. He discusses the challenges and lessons learned from operating smaller multifamily properties and the importance of building a scalable infrastructure for growth. Effective Deal Sourcing and Broker Relationships: Yannik shares his strategy for sourcing deals through direct broker relationships, focusing on becoming a preferred buyer. He provides advice on providing honest and constructive feedback to brokers when evaluating potential deals.     Yannik Cudjoe-Virgil | Real Estate Background Principal at Merlynn Acquisitions, which focuses on value-add Class C apartments in Baltimore Portfolio: GP in 69 units Based in: Baltimore, MD Say hi to him at:  LinkedIn Best Ever Book: The Power of Now by Eckhart Tolle Greatest Lesson: The importance of building your infrastructure as early as possible to scale seamlessly.   Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Sep 1, 2023 • 24min

JF3284: Anthony Scavo - Uncovering Opportunities in Multi-Tenant Industrial Real Estate

Anthony Scavo, President and COO of Basis Industrial, shares insights into multi-tenant industrial properties and Basis Industrial's successful pivot. He discusses supply-demand imbalances, positive leverage, and strategic investment decisions. Anthony also emphasizes the importance of having backup plans and not repeating the same mistake twice in real estate investing.
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Aug 31, 2023 • 13min

JF3283: The 3-Step Process to Create Your Optimal Lifestyle | Passive Investor Tips ft. Travis Watts

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 walks through a three step process to design an optimal lifestyle. By analyzing your life to identify its pains and pleasures, you can use passive income to amplify the former and minimize the latter.    Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 30, 2023 • 32min

JF3282: Colm McEvilly - Mastering Capital Raising by Cultivating a Community

Colm McEvilly, expert in capital raising and community cultivation in commercial real estate, shares insights on strategic decision-making, building a community, and the art of capital raising. He emphasizes evaluating deals, risk assessment, and aligned investments. Colm discusses the power of local meetups, virtual networks, and fostering trust. He also provides a behind-the-scenes look at connecting investors with opportunities and stresses the importance of clear communication.
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Aug 29, 2023 • 24min

JF3281: Carter Malloy — Exploring the Benefits of Farmland and Timber Investments

Are you missing out on lucrative opportunities in the world of commercial real estate? Join Ash Patel as he unlocks the secrets of farmland and timberland investing with Carter Malloy, the CEO of AcreTrader. Discover how these often-overlooked asset classes can offer stability and unique benefits for savvy investors looking to diversify their portfolios. From the surprising lack of competition to the strategies for identifying prime land for cultivation or development, this conversation reveals essential insights for commercial real estate enthusiasts. Key Takeaways: Diversification Beyond Traditional Real Estate: Learn how farmland and timberland investing offer an alternative investment avenue, providing stable returns and low volatility compared to other commercial real estate assets. Operational and Risk Factors: Understand the nuances of investing in land, including factors such as location, crop types, climate risks, and tenant dynamics, which can significantly impact investment outcomes. Technology and Transparency: Explore how platforms like AcreTrader are revolutionizing the farmland investment landscape, providing data-driven insights, easy access, and reduced barriers for investors interested in this unique asset class.     Carter Malloy | Real Estate Background CEO and founder of AcreTrader, a farmland investment platform where accredited investors can fractionally own shares of farmland. Portfolio: Row crops Permanent crops Timberland Based in: Fayetteville, AR Say hi to him at:  acretrader.com acres.com Best Ever Book: No Rules Rules by Reed Hastings Greatest Lesson: Be patient with your deals, and hold long enough to maximize profits.   Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 28, 2023 • 33min

JF3280: Joseph DelleFave - Secrets to Creative Finance with No Cash and No Banks

Joseph DelleFave, a seasoned real estate investor, takes us deep into the world of creative financing strategies for commercial real estate investors. Joseph shares his expertise on finding and structuring deals using unique methods that often fly under the radar. He covers a range of topics from leveraging Facebook groups to generate off-market leads to the intricacies of non-recourse debt and land trusts. This episode is a goldmine of practical advice for commercial real estate investors looking to expand their toolkit and capitalize on unconventional financing opportunities. Key Takeaways: Leveraging Facebook Groups for Off-Market Leads: Joseph reveals his approach to sourcing off-market leads by tapping into the power of Facebook groups, enabling him to target any market across the country quickly and efficiently. With a well-crafted message, Joseph generates free leads by posting in these groups and engaging with potential sellers. Unlocking the Potential of Creative Financing: Joseph delves into the world of creative financing, a strategy that enables investors to acquire properties without the traditional hurdles of bank loans or cash purchases. He discusses the importance of non-recourse debt and explains how he structures deals to retain the seller's mortgage in their name. Joseph also sheds light on the benefits of using land trusts for privacy and legal protection. Navigating Challenges and Opportunities: The conversation explores the potential challenges and benefits of creative financing. Joseph shares his insights on addressing seller concerns, dealing with lenders, and educating title companies and attorneys. He emphasizes the significance of transparent communication and the role of legal experts to ensure smooth transactions and avoid pitfalls.   Joseph DelleFave | Real Estate Background Co-creator of the Creative Finance Playbook Portfolio: Rent-to-own homes Based in: Tampa, FL Say hi to him at:  creativefinanceplaybook.com Best Ever Book: Think and Grow Rich by Napoleon Hill Greatest Lesson: So many of your biggest challenges are mental. If you can free yourself of those struggles, you can really start to harness your potential.   Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital   Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 27, 2023 • 31min

JF3279: Dave Spooner - Strategies for Remote Property Management

Ever wondered how to effectively manage your rental properties while sipping margaritas on a tropical beach or serving overseas? Get ready to unlock the secrets of remote property management with Dave Spooner, co-founder of Innago. From handling vacation getaways to military deployments, Dave spills the beans on strategies to successfully self-manage your commercial real estate investments. Key Takeaways: Effective Remote Management Techniques: Dave emphasizes the importance of having boots on the ground when you're unable to physically manage your properties. He explains how Innago's platform facilitates remote property management by enabling users to give access to trusted individuals, coordinating maintenance, handling tenant inquiries, and more. Prioritizing Tenant Experience and Communication: Dave highlights the common mistake of landlords neglecting tenant communication and its impact on tenant satisfaction. He offers insights into maintaining strong tenant relationships through transparent communication, setting expectations, and even thoughtful gestures like providing cleaning supplies or gift cards. Tailoring Management to Specific Scenarios: With scenarios ranging from vacation trips to military deployments, Dave explains how Innago adapts to different property management needs. He discusses the importance of having a reliable representative on the ground and how Innago's multi-user access feature supports remote management by granting controlled access to designated individuals. Dave Spooner | Real Estate Background Co-founder of Innago Portfolio: 8 units, two triplexes and a duplex in Cincinnati area Based in Cincinnati, OH Say hi to him at:  Facebook Twitter Innago.com Best Ever Book: Every Landlord's Tax Deduction Guide by Stephen Fishman Greatest Lesson: Learn to delegate, trust that others are even better than you are!   Click here to learn more about our sponsors: Masterworks Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices
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Aug 26, 2023 • 36min

JF3278: Nic McGrue — Master Capital Raising and Joint Ventures With Expert Insights From a Securities Attorney

Are you confident you're not unintentionally stepping into legal quicksand while raising capital for your real estate ventures? Join us in this episode as we unravel the intricacies of capital raising and joint ventures in the world of commercial real estate. Securities attorney Nic McGrue sheds light on the critical nuances, dispels common myths, and reveals strategies to ensure your investments are both lucrative and legally sound. Key Takeaways: Demystifying Securities Laws: Nic breaks down the triggers for securities regulations and underscores the importance of compliance, providing a roadmap to navigate this complex landscape with confidence. Joint Ventures vs. Syndications: Uncover the real differences between joint ventures and syndications, understanding how each structure impacts decision-making, investor relations, and risk mitigation. Strategies for Success: Learn ingenious methods to entice investors, from exclusive perks to stress-testing deal numbers, ensuring you're prepared for both favorable and challenging scenarios. Nic McGrue | Real Estate Background Securities attorney at Polymath Legal PC Portfolio: Helped with over $2B worth of transactions and raises Based in: Inglewood, CA Say hi to him at:  polymathlegal.com Best Ever Book: Limitless by Jim Kwik Greatest Lesson: Keep going.   Click here to learn more about our sponsors: Techvestor Rent to Retirement Delete Me BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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