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JF3310: David Toupin - The Benefits of Staying Asset Agnostic Sep 27, 2023

Show notes

From starting in college with a 12-unit apartment complex to managing multimillion-dollar portfolios in Austin and Michigan, David Toupin shares his vast experiences, challenges, and the software solution he developed for the industry.

Key Takeaways:

The Power of Opportunistic Investment: David emphasizes the importance of being asset agnostic and open to opportunities in various sectors of real estate, from multifamily to industrial, and everything in between.
Challenges with National Tenants: Delve into a real-world challenge David faced with a national tenant in one of his commercial properties. The discussion provides insights into lease negotiations, corporate guarantees, and strategies for damage control.
Introducing Real Estate Lab: David shares the inception and capabilities of his software platform, Real Estate Lab. Designed as an all-encompassing tool, it aids investors in managing their entire real estate portfolio, from acquisition to exit.

David Toupin | Real Estate Background

Owner of Real Estate Lab and Toupin Holdings
Portfolio:
- $140M of multifamily and commercial assets
Based in: Austin, TX
Say hi to him at:
- Instagram
- realestatelab.com
Best Ever Book: Never Split the Different by Christopher Voss
Greatest Lesson: Staying open to opportunities regardless of asset class. You can make money in anything if you buy right.

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JF3309: Bruce Fraser - Mastering Distressed Property Acquisitions Sep 26, 2023

Show notes

As a seasoned expert in acquiring distressed properties, Bruce shares valuable insights on vertical integration, market dynamics, and the importance of a macro thesis in investment. Whether you're new to commercial real estate or a seasoned professional, Bruce's expertise provides clarity on navigating the current landscape and capitalizing on emerging opportunities.

Key Takeaways:

The Power of Vertical Integration: Bruce elaborates on the pros and cons of vertically integrating your portfolio, focusing on the value of in-house property management. He also shares challenges faced with third-party property management and the importance of a dedicated operational team.
Understanding Current Market Distress: The implications of rapid interest rate changes on property refinancing and how many operators find themselves in precarious positions. Bruce shares real-time examples of distress emerging from factors like floating rate debts, maturing loans, and expiring rate caps.
Investment Philosophy & Approaches: The value of disciplined, numbers-driven decision-making in real estate investment. Bruce emphasizes the importance of taking that first step in real estate, the "law of the first deal," and having a clear, long-term macro thesis to guide investment decisions.

Bruce Fraser | Real Estate Background

Managing Partner Elkhorn Capital Partners, real estate private equity firm that focuses on distressed property situations
Portfolio:
- 2,000 multifamily units
Based in: Dallas, TX
Say hi to him at:
- LinkedIn
- elkhornpartners.com
Best Ever Book: Creature From Jekyll Island by G. Edward Griffin
Greatest Lesson: Just buy something. Anything. Most people don’t even make that move. Even if it’s your worst deal, you will learn so much from it, and you’ll be on your way to the future.

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JF3308: Seth Teagle - Strategies for Multifamily, Land, and Flex Space Development Sep 25, 2023

Show notes

From flex space buildings to multifamily apartments, Seth Teagle shares his experiences, challenges, and insights into real estate development, shedding light on key elements that can make or break a deal.

Key Takeaways:

Understand the Market Dynamics: It's essential to comprehend the current saturation levels in the real estate market, especially in multifamily apartments. Knowing where to invest and when can be the difference between a successful or a failed venture.
Due Diligence is Crucial: Before making any property purchase, especially in land development, ensure all due diligence processes, like understanding zoning requirements and the area's economic development plans.
Optimize for Value-Add: Whether it's ensuring properties have modern amenities or analyzing the cost-benefit ratio of construction elements, always look for opportunities to add value to the investment.

Seth Teagle | Real Estate Background

CEO of The Stream Group
Portfolio:
- Multifamily and ground up projects
Based in: Columbus, OH
Say hi to him at:
Best Ever Book: The Creature from Jekyll Island by G. Edward Griffin
Greatest Lesson: Not everyone in your immediate circle is happy for your successes. Surround yourself with people you’re able to share both good news and bad news with.

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JF3307: 3 Questions to Ask Yourself Before Investing Long Term | Bonus Operations ft. Slocomb Reed Sep 24, 2023

Show notes

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 shares the three questions he asks new investors when they ask him for advice about whether or not to seek out long term buy and hold investments. These questions will help determine if long term investing is the right strategy for you.

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JF3306: Chad Carson - Finding the Balance Between Aspiration and Satisfaction Sep 23, 2023

Show notes

In this enlightening conversation with Chad Carson, we unpack the intricate journey of commercial real estate investment. From the balance between aspiration and satisfaction to understanding the deeper reasons behind urban development, Chad offers a unique perspective that integrates real estate knowledge with personal growth and community-building aspirations.

Key Takeaways:

The Moving Goalpost Phenomenon:
- Investors often shift their financial targets, leading to a never-ending race.
- Recognizing your "enough" is pivotal for satisfaction and growth in the industry.
Importance of Community Understanding:
- Chad recommends the book "Strong Towns" that emphasizes the financial dynamics and designs of towns, which is crucial for commercial investors.
- Engaging in local community activities and understanding urban development can influence investment decisions and enhance community welfare.
The Power in Diversification:
- Chad shares his strategy for investing in both single family rentals and small multifamily properties to create the ideal portfolio.
- He also discusses the power in "doing your own thing" with the lessons you learn from others to create the lifestyle you want to live.

Chad Carson | Real Estate Background

Owner of Coach Carson
Portfolio:
- 37 units, 99 units total - mix of small multifamily and single family homes
Based in: Clemson, SC
Say hi to him at:
- coachcarson.com
- The Small and Mighty Real Estate Investor (Chad’s book)
Best Ever Book: Strong Towns by Charles Marohn
Greatest Lesson: Understand your why before you scale quickly. Know where your threshold of success is and stick to it, so you don't end up chasing the ever moving goalposts.

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JF3305: Fed Predicts More Rate Hikes to Come in 2023 and 2024: What This Means for Investors | Beyond Multifamily ft. Ash Patel Sep 22, 2023

Show notes

The Beyond Multifamily series is hosted by non-residential commercial real estate investor and Best Ever Show host, Ash Patel. Ash’s goal for this series is to introduce you to the world of non-residential commercial real estate investing and teach you how to look at and underwrite different commercial asset classes.

In this episode of Beyond Multifamily, Ash Patel dissects the Fed’s recent announcement that they anticipate another rate hike in 2023 and potentially multiple additional hikes in 2024. He shares his thoughts on how this will impact lending, real estate deals, and consumer habits, and why this is not an excuse for investors to stay on the sidelines.

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JF3304: Printing Money & Real Estate: The Opportunity of a Lifetime | Passive Investor Tips ft. Travis Watts Sep 21, 2023

Show notes

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.

Did you know that the purchasing power of the U.S. dollar has fallen 90% since 1950? Or that it fell 7.4% between 2021 and 2022 alone? This is often painted as a bad thing for the economy, but in this episode of Passive Investor Tips, Travis Watts explains why it’s not necessarily a bad thing for real estate investors.

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JF3303: Credit Scores, Co-Signers, and Criminals: Tips for Tenant Qualifications | Bonus Operations ft. Slocomb Reed Sep 20, 2023

Show notes

In this Bonus Operations episode, Slocomb Reed shares the right questions to ask as well as the right variables and qualification criteria for rental tenants. He discusses topics like when to allow a co-signer, pet policies, how to check eviction histories, and more.

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JF3302: Josh Cantwell - Funding Equals Freedom: Strategies for Raising Capital in 2023 and Investing in Stable Markets Sep 19, 2023

Show notes

In this episode, we sit down with Josh Cantwell, a seasoned commercial real estate investor, and discuss his journey in the industry, his strategies for success, and the secrets to raising capital effectively. Whether you're a novice or an experienced commercial real estate investor, you're sure to find valuable insights in this conversation.

Key Takeaways:

The Power of Raising Capital: Josh emphasizes the importance of having a dedicated team member focused on raising capital. Building relationships and a strong online presence through various media channels, like podcasts and social media, can help attract investors. His advice: "Funding equals freedom."
Lessons from Co-Syndication: Josh shares a valuable lesson learned from co-syndicating deals. He stresses the importance of thoroughly vetting boots-on-the-ground operators when partnering on syndications. Failing to do so can lead to operational challenges and missed opportunities for profit.
Investing in Stable Markets: Josh's strategy revolves around investing in stable markets like the Midwest, focusing on C-class buildings in B-class areas. He believes in holding properties long-term for cash flow stability, often targeting a 42 to 48-month refinance period. His experience and insight into market stability are evident in his approach to real estate investing.

Josh Cantwell | Real Estate Background

CEO of Freeland Ventures
Portfolio:
- 3,000+ units
Based in: Cleveland OH
Say hi to him at:
Best Ever Book: The Infinite Game by Simon Sinek
Greatest Lesson: Funding equals freedom. Someone on your team needs to be 100% dedicated to raising capital.

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JF3301: Drew Breneman - How to Succeed with Core Plus Investments in a Volatile Real Estate Landscape Sep 18, 2023

Show notes

Ever wondered how to thrive in the unpredictable world of commercial real estate? Get ready to uncover the secrets of success as we dive into the dynamic realm of commercial real estate investing with Drew Breneman, the mastermind behind Brenneman Capital. Drew specializes in transforming multifamily properties. Today he is leaning into core-plus investments, and he's here to share game-changing insights for today's savvy investors.

Key Takeaways:

Adapting to Market Volatility: Drew discusses how his company adapted to market volatility in the past few quarters, particularly in response to the Federal Reserve's actions on interest rates. He emphasizes the importance of fixed-rate debt and minimizing variables in investment strategies.
Market-Specific Insights: Drew provides a fascinating contrast between the performance of his Chicago and Phoenix properties. While Chicago has exceeded revenue and expense projections, Phoenix has seen slower-than-expected rent growth, highlighting the significance of understanding local market dynamics.
Investor Sentiment and Strategy: Drew sheds light on shifting investor sentiment in commercial real estate. He discusses the balance between seeking high IRR and opting for secure, income-generating properties with lower loan-to-values. Drew emphasizes the importance of a mindset that believes in your ability to succeed in real estate investing.

Drew Breneman | Real Estate Background

Founder of Breneman Capital
Portfolio:
- $220MM value
- 28 buildings: 22 multifamily in Chicago and Phoenix, 6 commercial in Minneapolis

Based in: Austin, TX
Say hi to him at:
- www.breneman.com
Best Ever Book: Investing In Real Estate By Gary Eldred
Greatest Lesson: Mindset can be a huge advantage. If you believe you can do it, you can.

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