The Best Ever CRE Show

Latest Episodes:

JF3300: Bronson Hill - From Medical Sales to 2000 Multifamily Units Sep 17, 2023

Show notes

Bronson Hill talks about his transition from medical device sales into multifamily real estate and other diverse investments like ATMs, car washes, and oil and gas. Hill emphasizes the importance of cash flow, risk mitigation, and seeking value-add opportunities, providing insights into various investment strategies that can generate passive wealth. The conversation explores different investment avenues, discussing their potential rewards and risks.

Bronson Hill | Real Estate Background

Founder and CEO of Bronson Equity
Portfolio:
- 2,000 multifamily units
- ATM machines
- Car washes
- Oil and gas
Based in: Pasadena, CA
Say hi to him at:
- https://bronsonequity.com/

Best Ever Book: Never Split the Difference by Chris Voss
Greatest Lesson: Life has an action bias. Get started today.

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JF3299: Jason Postill - Transforming Mobile Home Parks into Profitable Investments Sep 16, 2023

Show notes

In this episode, we dive into the lucrative world of mobile home park investments with Jason Postill, a former professional baseball player turned real estate investor. Jason shares his journey from the sports arena to assembling a successful real estate team, all while providing valuable insights into the mobile home park investment landscape. Discover how he and his team turned vacant lots into cash-flowing assets, his strategies for financing mobile home parks, and why preserving affordable housing is a top priority.

Key Takeaways:

Overcoming the Track Record Challenge: Jason emphasizes that, even without a track record, it's possible to enter the competitive commercial real estate market. He highlights that their first deal was owner-financed, and they didn't need a significant track record to secure it. Building relationships with local community banks and having a solid business plan can open doors for investors, regardless of their experience.
Mobile Home Park Financing Strategies: Jason discusses various financing options for mobile home parks, including owner financing and working with local community banks. He shares that they often opt for owner financing, providing down payments ranging from 10% to 50%. Jason emphasizes the importance of finding financing terms that align with your investment goals and strategy.
Long-Term Hold Strategy and Investor Returns: While Jason's team has ambitious goals, including holding 10,000 units by 2028, they maintain a buy-and-hold strategy. They aim to refinance properties within three to five years to return capital to investors. Their typical offering includes an 8% preferred return and a 70% equity split with a seven-year hold period. This strategy allows them to maintain properties, preserving affordable housing for the long term while providing returns to investors.

Jason Postill | Real Estate Background

Managing Partner of MHCI Group
Portfolio:
- 16 mobile home parks, 749 units
Based in: New Smyrna Beach, Florida and Little Rock, Arkansas
Say hi to him at:
- www.mhcigroup.com
Best Ever Book: The ONE Thing by Gary W. Keller
Greatest Lesson: Don't get stuck in analysis paralysis. Do your due diligence, and take action.

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JF3298: The Pros and Cons of Using Virtual Assistants for Apartment Operations | Bonus Operations ft. Slocomb Reed Sep 15, 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.

To VA or not to VA, that is the question. In this Bonus Operations episode, Slocomb Reed shares the pros and cons of working with virtual assistants, how he utilizes them in his apartment operations, how he onboards and trains them, and how he saves money by doing so.

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JF3297: How to Calculate Your Time Value | Passive Investor Tips ft. Travis Watts Sep 14, 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.

What are you doing with your time, and what is your time worth? It’s easy enough to answer the first question, but more challenging to answer the second. In this episode, Travis walks through the three step process to calculate your time value and shares how passive income can help you maximize your time to elevate your lifestyle.

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JF3296: 3 Reasons Why I Love Dumpsters | Bonus Operations ft. Slocomb Reed Sep 13, 2023

Show notes

Dumpsters are more than garbage collectors. They can tell you a lot about a property and its tenants, which gives you a leg up as a potential operator. In this episode, Slocomb Reed shares the three reasons why he loves dumpsters and what they can tell you about a multifamily investment property.

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JF3295: Jorge Abreu - Breaking Ground: Unveiling the Secrets of Lucrative Commercial Real Estate Development Sep 12, 2023

Show notes

Meet Jorge Abreu, a real estate visionary with over 17 years of experience. Buckle up as we explore the thrilling world of commercial real estate development, uncovering its unique challenges, and discovering the immense rewards it holds. From city hall showdowns to construction conundrums, Jorge spills the beans on what it takes to succeed in this high-risk, high-reward arena. So, are you ready to dig deep into the secrets of ground-up development?

Key Takeaways:

Risk and Reward in Development: Jorge emphasizes the increased risk associated with commercial real estate development, from the entitlement stage to construction. However, with the right approach and a low basis, the potential rewards can be substantial. A lower basis ensures more room for profit, making the risk worthwhile.
City Approvals and Entitlements: Developing commercial real estate involves navigating complex city approval processes. Jorge discusses the importance of securing approvals from city officials, zoning, and city councils. These stages can be time-consuming and challenging, requiring patience and expertise.
Comparing Development vs. Value-Add: Jorge sheds light on the differences in returns between development and value-add projects. While both target a 15-16% IRR, ground-up development projects generally offer higher returns on equity multiples. Understanding these variations is crucial for investors when choosing their investment strategy.

Jorge Abreu | Real Estate Background

Elevate Commercial Investment Group
Portfolio:
- Multifamily properties in TX, OK, SC, SD, FL
Based in: Dallas, TX
Say hi to him at:
Best Ever Book: Traction by Gino Wickman
Greatest Lesson: Spreading myself too thin early on taught me to focus on growing one thing at a time before moving on.

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JF3294: Clive Davis - Lessons in Quitting Corporate America and Scaling a Multifamily Portfolio Sep 11, 2023

Show notes

Join us as we uncover the secrets to Clive Davis's rapid scaling in the world of commercial real estate investing. From networking epiphanies to adaptable strategies, Clive shares the key factors that propelled his journey from the corporate world to real estate riches, and how he's navigating today's dynamic market to attract investors.

Key Takeaways:

Networking is Paramount: Clive emphasizes the transformational power of networking in real estate. He shifted his perception from underestimating networking during his corporate career to recognizing its pivotal role in building a successful real estate investing business.
Adaptation is Key to Success: Clive's ability to adapt to different deal structures and opportunities has been instrumental in his rapid scaling. He discusses how being open to non-traditional deals, like HUD loan assumptions, and offering compelling terms to investors can make all the difference in today's competitive market.
Teamwork Facilitates Scaling: Clive's journey is a testament to the value of strong partnerships and teams. He highlights how collaboration with partners who have expertise in specific markets or deal types allowed him to venture into new territories and successfully scale his real estate investments.

Clive Davis | Real Estate Background

Founding Principal, Park Royal Capital
Portfolio:
- 750 MF GP units
- 2,000 LP MF units
- 90 acre development and 142 MF unit development
Based in: Atlanta, GA
Say hi to him at:
- parkroyalcapital.com
Best Ever Book: Will by Will Smith
Greatest Lesson: The only thing holding us back is fear of the unknown.

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JF3293: Jonathan Twombly - Navigating the World of Independent Hotel Investments Sep 10, 2023

Show notes

In this episode, seasoned real estate investor Jonathan Twombly takes us on a journey through the world of independent hotel investments. With over a decade of experience, he shares his insights on finding, renovating, and managing these unique real estate assets.

Key Takeaways:

Unique Opportunities in Independent Hotels: Independent hotels in smaller markets can often be found listed on platforms like LoopNet and Crexi, providing unique investment opportunities. Brokers specializing in these assets may list them on such platforms to broaden their reach. This accessibility can make finding these opportunities easier compared to larger, branded hotels.
The Power of Hands-On Experience: To truly understand the hotel business, Jonathan emphasizes the importance of taking action and gaining hands-on experience. Learning by doing, making offers, walking properties, and engaging in real deals can provide invaluable knowledge and insight.
Creative Strategies for Hotel Investments: Jonathan's experience showcases the potential for transforming older, undervalued properties into thriving businesses by applying creative strategies. He highlights the value of market research, renovations, and understanding the local economy to maximize revenue and returns.

Jonathan Twombly | Real Estate Background

Managing Member - Two Bridges Asset Management LLC
Portfolio:
- One hotel
- Co-GP in 2,400 apartment units
Based in: Brooklyn, New York
Say hi to him at:
Best Ever Book: Who Not How by Dan Sullivan
Greatest Lesson: Step away from your computer, and get out into the real world. You will learn multiples by taking action than you ever did from research.

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JF3292: Melanie and David Dupuis - Unlocking Wealth Through Seller Financing and International Expansion Sep 09, 2023

Show notes

Ever dreamed of achieving financial freedom through real estate investing? Join us as we uncover the secrets of Mel and Dave Dupuis's extraordinary journey. With over 240 units across five countries, they've mastered the art of creative financing and portfolio diversification, all without their own capital or joint venture partners.

Key Takeaways:

The Power of Creative Financing: Mel and Dave's journey began with traditional real estate investing, using their own funds. However, they soon realized that working multiple jobs wasn't the path to financial freedom. Creative financing became their game-changer. They discussed using secured funds like 401(k) and RRSPs, promissory notes, and owner financing to acquire properties with minimal risk and maximum returns.
Expanding Across Borders: The duo shared their motivation for venturing into different countries, such as Canada, the US, Costa Rica, Mexico, and the Dominican Republic. Their aim was to diversify their portfolio, manage risk, and enjoy the perks of traveling. By implementing their creative financing strategies in international markets, they've successfully continued to grow and thrive.
Adapting to Changing Markets: As seasoned investors, Mel and Dave discussed how they stay ahead of market changes. They emphasized the importance of researching secondary and tertiary markets, like those in Alberta, Texas, and Florida, which offer higher cap rates and cash flow potential. They also highlighted the growing interest from investors with registered funds, looking for stable, real estate-backed returns in today's uncertain economic climate.

Mel and Dave Dupuis | Real Estate Background

Real estate investors and mentors with “The Action Family”
Portfolio:
- 240+ multifamily units solely owned in 5 countries
Based in: North Bay, Ontario
Say hi to them at:
- Instagram
- Facebook

Best Ever Book: The Ultimate Blueprint for an Insanely Successful Business by Keith Cunningham
Greatest Lesson: You don't need to use your own money to grow your portfolio.

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JF3291: Cincinnati Meetup Podcast: Expert Lessons in Scaling Short-Term Rental Portfolios Sep 08, 2023

Show notes

This episode is the audio from our August 2023 meetup in which host Slocomb Reed guides a panel of short-term rental investment experts. The panel, which includes Danny Henry of Liberty Hill Rentals, Sarah Karakaian of Stay a While Hosting Co., and Yiwei Chang of Pink Cash Cow Property Management, talks about the latest in the short term rental market - what amenities are hot right now, how to deliver great experiences to guests, and how to scale your portfolio.

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