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. In this episode, Travis discusses the parallels between the game of Monopoly and real-life real estate investing. He highlights a few key takeaways from this comparison: The game starts with earning an active income. You must learn to save and invest.  Your passive income exceeds your lifestyle expenses, which is where the real fun begins. You can then begin to branch out, expand your means, be part of larger projects, and enjoy the true benefits of the wealthy. “The key is to see investing as a game. You’re not going to win in every deal; you’re still going to have setbacks. But with enough emphasis and time, you can get to the point where you win the game.” —Travis Watts   Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Nick and Elaine Stageberg are the owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction. In this episode, Nick and Elaine tell us how they raise capital without targeting a defined hold period or IRR, why they built their business model around putting their investors’ needs first, and how they find deals with the potential for forced appreciation.  Nick and Elaine Stageberg | Real Estate Background Owners of Black Swan Real Estate, a real estate private equity firm that buys deep value-add residential real estate ranging from distressed single-family homes to large class-A apartment buildings and ground-up construction.  They target an indefinite hold period and have never sold an asset.   Portfolio: $300M in AUM Based in: Rochester, MN Say hi to them at:  blackswanteam.com/connect  Facebook Greatest Lesson: Do the hard thing. Do the thing that other people are unwilling to do, and it will eventually become an insane, insurmountable advantage.   Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Corey Chonsky is a full-time real estate investor and multifamily syndicator at Fair Winds Capital, a real estate investment firm that purchases value-add multifamily properties through JV or syndicated partnerships. In this episode, Corey discusses how forming partnerships helped him 10x his unit count, why he and his partners are transitioning to a fund model, and his advice for finding great partners. Corey Chonsky | Real Estate Background Retired Navy and full-time real estate investor and multifamily syndicator at Fair Winds Capital, a real estate investment firm that purchases value-add multifamily properties through JV or syndicated partnerships.  Portfolio: 675 units under management through all partnerships Based in: Norfolk, VA Say hi to him at:  fwcinvestments.com LinkedIn Greatest Lesson: Document expectations with people that you partner with. That way you leave no doubt as to who is doing what on a project. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Jimmy Edwards owns High Five Multifamily, which sources, acquires, and manages multifamily assets in the B- and C-class space. In this episode, he shares the pain points that motivated him to scale his business, how he builds relationships with brokers, and how he learned the hard lesson of knowing when to walk away from a deal.  Jimmy Edwards | Real Estate Background Owner of High Five Multifamily, which sources, acquires, and manages multifamily assets in the B- and C-class space. Previous episodes:  JF1421: Using Passive Investing to Catapult into Your Own Large Multifamily Deals with Jimmy Edwards JF2539: 100% Returns in 25 Months with Jimmy Edwards #SkillsetSunday Portfolio: 570 units (168 multifamily units, net seller 2022, will be a net buyer in 2023–2026) Purchased, rehabbed, and successfully sold over 100 SFRs Based in: Dallas, TX Say hi to him at:  highfivemultifamily.com Best Ever Book: Rich Dad, Poor Dad by Robert Kiyosaki Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Anna-Marie Lieb is the head of Multi-housing at CrowdStreet, where her team identifies and renews potential multifamily, student housing, and BTR offerings. In this episode, Anna-Marie tells us what kind of investors and operators access CrowdStreet, why sponsors with established track records choose to use the platform, and how the state of the economy is impacting CrowdStreet’s investor base.  Anna-Marie Lieb | Real Estate Background Head of Multi-housing at CrowdStreet, where her team identifies and renews potential multifamily, student housing, and BTR offerings. CrowdStreet is the largest online private equity real estate investing platform. Portfolio: In 2021 the platform funded ~$700M, and YTD 2022 ~$600M has been dedicated to multi-housing assets Based in: Portland, OR Say hi to her at:  CrowdStreet LinkedIn Best Ever Book: Principles by Ray Dalio Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Nancy Huynh, MD, is the founder and CEO of Clear Vision Investing, a co-GP of value-add apartment syndications that donates nearly half of its company profits to cure preventable blindness. In this episode, Nancy discusses why she chose to invest in the Cincinnati market while based in Atlanta, how she learned the importance of knowing your sponsor as a passive investor, and why she believes learning to pivot is the best real estate investing advice ever.    Nancy Huynh, MD | Real Estate Background Founder and CEO of Clear Vision Investing, a co-GP of value-add apartment syndications that donates nearly half of its company profits to cure preventable blindness.  Portfolio: Co-GP of 132 units in Ohio JV of an 18-unit apartment development deal in Ohio Based in: Atlanta, GA Say hi to her at: clearnvisioninvesting.com Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Brian Tobler is a commercial broker at Malman Commercial Real Estate, which focuses on investment sales opportunities through buyer/seller representation. In this episode, Brian shares why he left the commercial real estate banking industry after 15 years, his thoughts on the future of the multifamily and industrial asset classes, and more. Brian Tobler | Real Estate Background Commercial broker at Malman Commercial Real Estate, which focuses on investment sales opportunities through buyer/seller representation. Portfolio: Two speculative for-sale fourplex deals in Denver JV deal for a 200K sq. ft. owner-user industrial deal in the Denver area Based in: Denver, CO Say hi to him at:  toblercapital.com Instagram LinkedIn Best Ever Book: The 10X Rule by Grant Cardone or The Power of One More by Ed Mylett Greatest Lesson: Real estate is an incredible asset to own and invest in. The sooner you get in, the better. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant 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 shares his perspective on what it means to be rich versus wealthy, an admittedly subjective topic. He explains why being rich is often associated with active income while being wealthy is associated with passive income, and encourages listeners to ask themselves what wealth looks like for them. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Arti Shah works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets. In this episode, she tells us how syndicators can get the attention of family offices, the intensive vetting process family offices go through when vetting deals, and why these groups are increasing capital reserves to take advantage of what is likely to come in the market.  Arti Shah | Real Estate Background Works at Invest Beyond Multifamily, which invests in necessity-based commercial real estate properties in growth markets. Portfolio: Properties in IL, NJ, and GA Based in: Chicago, IL Say hi to her at:  investbeyondmultifamily.com Best Ever Book: Steve Jobs by Walter Isaacson Greatest Lesson: After working 18 hours a day in corporate, realizing that betting on myself would help me to grow personally and professionally. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices

Emily Zhu is the CMO of New Empire Corp, which is dedicated to all the marketing and sales of over $500M in new development condos and commercial spaces in Manhattan, Brooklyn, and Long Island City. In this episode, Emily discusses the advantages and challenges of developing commercial real estate in New York, the three ways she markets to investors, and how first-floor retail can be beneficial.    Emily Zhu | Real Estate Background CMO of New Empire Corp, which is dedicated to all the marketing and sales of over $500M in new development condos and commercial spaces in Manhattan, Brooklyn, and Long Island City.  Based in: New York City Say hi to her at:  newempirecorp.com LinkedIn Greatest lesson: Keeping up with the market trends can make all the difference. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant Learn more about your ad choices. Visit megaphone.fm/adchoices