The Best Ever CRE Show

Latest Episodes:

JF3280: Joseph DelleFave - Secrets to Creative Finance with No Cash and No Banks Aug 28, 2023

Show notes

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.

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JF3279: Dave Spooner - Strategies for Remote Property Management Aug 27, 2023

Show notes

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:

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!

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JF3278: Nic McGrue — Master Capital Raising and Joint Ventures With Expert Insights From a Securities Attorney Aug 26, 2023

Show notes

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.

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JF3277: Josh Weiner — Unveiling Profitable Retail Outparcel Investment Strategies Aug 25, 2023

Show notes

Ready to unlock the secrets of successful retail outparcel investments? Join us as Slocomb Reed sits down with Josh Weiner, a seasoned commercial real estate professional specializing in retail outparcel leasing and sales. Together, they dive deep into the world of outparcel investment strategies, revealing how both tenants and landlords can maximize their returns in the competitive retail sector.

Key Takeaways:

Factors Influencing Outparcel Appeal: The size of the outparcel is crucial, with ideal sizes ranging from half an acre to two acres. Visibility and access play a significant role in the desirability of an outparcel, with high-traffic locations commanding higher rents. Understanding the local market comps and zoning regulations helps investors make informed decisions about potential outparcels.
Strategies for Tenant-Landlord Alignment: Tenants' preferences for ground leases or purchases are often based on their business plans and capital conservation goals. National brands like Starbucks and Chipotle may opt for build-to-suit arrangements, while publicly traded companies often choose ground leases to manage immediate financial reporting.
Market Demand and Cycle Effects: Despite the market's cyclical nature, the demand for outparcels remains robust, driven by post-COVID recovery and steady business expansion plans. Outparcels located in high-traffic areas with strong visibility continue to attract tenant interest, supporting long-term investment prospects.

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JF3276: How to Use the Power of Investing to Combat Inflation | Passive Investor Tips ft. Travis Watts Aug 24, 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.

It shouldn’t be a surprise to hear that the middle income is shrinking. Gross incomes over the past 50 years have not increased at the same rate as real estate and the overall cost of living. But having an investing versus a saving mentality can protect you in the longterm from falling behind. In this episode, Travis dives into the statistics from the past 50 years to show the eroding effect of inflation.

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JF3275: Michael Barnhart - Transferring Military Experience to Success in Real Estate Aug 23, 2023

Show notes

Ever wondered how a military background could shape a successful commercial real estate journey? Get ready to dive into the captivating story of Michael Barnhart, co-founder of AdventurousREI. From Air Force officer to savvy real estate investor, Michael shares how he and his partner managed properties while globe-trotting, tackled unexpected challenges, and achieved remarkable success in the world of commercial real estate.

Key Takeaways:

The Power of Networking and Mentorship: Michael emphasizes the importance of networking and mentorship in real estate success. He found his mentor by attending virtual networking events and openly sharing his investment goals, leading to invaluable guidance and partnership opportunities.
Effective Property Management Strategies: Michael reveals insights into managing properties efficiently, particularly during challenging situations. From handling multiple issues simultaneously to implementing daily routines and using project management tools, he highlights the importance of organization and staying adaptable.
Balancing Business and Personal Relationships: Michael and his spouse work together in both business and personal capacities. He offers advice on maintaining a successful partnership, including defining clear roles, staying in one's "swim lane," and fostering open communication to ensure harmony in both aspects of life.

Michael Barnhart | Real Estate Background

Founder of Adventurous Real Estate Investors
Portfolio:
- 604 Multifamily Units and Short Term Rentals
Based in: Dayton, OH
Say hi to him at:
- adventurousREI.com/info
Best Ever Book: The Slight Edge by Jeff Olson
Greatest Lesson: Mentors are the key to growth.

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JF3274: Kim Lisa Taylor — How to Raise Capital Legally and Master the Art of Syndications Aug 22, 2023

Show notes

Ready to unlock the secrets of real estate syndications and take your investment game to the next level? With nearly $3 billion of security offerings drafted under her belt, Kim spills the beans on setting up syndications, compliance mastery, and strategies for syndicating with success. From newbie investors to seasoned pros, get ready to revolutionize your syndication approach!

Key Takeaways:

Learning the Rules of Syndication: Kim's analogy of learning to drive shines a light on the importance of mastering the legal rules of syndication to confidently navigate the landscape and drive deals to success.
Preferred Returns and Deal Analysis: Delve into the world of preferred returns with Kim and discover the magic number for cash-on-cash returns that makes investors sit up and take notice — it's not what you think!
Long-Term Hold Strategies: Uncover the wisdom behind aligning investor interests with realistic hold periods, and get the lowdown on market shifts that are influencing syndicators' strategies.

Kim Lisa Taylor | Real Estate Background

Securities attorney and founder of Syndication Attorneys
Portfolio:
- $2.75B+ in securities offerings drafted for clients
Based in: FL
Say hi to her at:
- syndicationattorneys.com
Best Ever Book: How to Raise Capital for Real Estate Legally by Kim Lisa Taylor and The 1-Page Marketing Plan by Allan Dib
Greatest Lesson: Every one of our clients needs a real estate coach!

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JF3273: Chad Zdenek — From Rocket Science to Real Estate Riches Aug 21, 2023

Show notes

Ever wondered how a rocket scientist turned real estate syndicator cracks the code of profitable commercial real estate investments? In this episode, Slocomb Reed sits down with Chad Zdenek, an industry veteran who's leveraging his out-of-this-world background to navigate the complexities of the market and share his invaluable insights with listeners.

Key Takeaways:

Diverse Market Strategies for Success:

Chad Zdenek emphasizes the significance of investing in the right markets and building solid partnership teams to succeed in commercial real estate.
By choosing partners based on their local expertise, Chad has ventured into markets such as Texas, Alabama, Florida, North Carolina, and Southern California. He explains how trusting the right teams has enabled him to tackle various challenges and navigate different markets effectively.

Balancing Risk and Return with Value-Add Investments:

Chad shares how his background in construction has driven his focus on value-add opportunities. He discusses the importance of a value-add component in uncertain markets, providing a buffer against market fluctuations and creating forced appreciation.
He offers insights into the need to be cautious with debt, especially in the current market environment. Chad highlights the benefits of securing longer-term fixed debt and leveraging interest rate caps to mitigate risks.

Taking a Holistic Approach to Investment Metrics:

Chad offers a fresh perspective on investment metrics, stressing the need to consider risk profiles alongside return percentages. He explains how a lower IRR deal can sometimes outperform a higher IRR deal due to various market dynamics and assumptions.
He shares the importance of diversification within real estate asset classes, recounting his journey from exclusively multifamily properties to branching into self-storage investments. Chad's adaptable approach showcases the value of understanding different asset subclasses to optimize a real estate portfolio.

Chad Zdenek | Real Estate Background

Real estate syndicator, investor, and founder of CSQ Properties, which acquires, repositions, and manages apartments and self storage properties across the United States.
Portfolio:
- Almost $200MM in AUM
Based in: Los Angeles, CA
Say hi to him at:

Best Ever Book: The One Thing by Gary Keller
Greatest Lesson: The most important trait a real estate investor should have is a long-term investment horizon.

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JF3272: Cincinnati Meetup Podcast — Investing for Offense vs. Investing for Defense Aug 20, 2023

Show notes

This episode is the audio from our July 2023 meetup in which Cincinnati Meetup host Slocomb Reed discusses how to adjust your investing strategy depending on your goals. He also shares how he delegates tasks to others vs. what decisions he keeps for himself in order to protect those goals and scale his business.

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JF3271: Dave Foster — The Ultimate Guide to the 1031 Exchange: Creating a Lifetime of Tax-Free Wealth Aug 19, 2023

Show notes

Dave Foster is the CEO and founder of The 1031 Investor, which helps real estate investors navigate tax-saving strategies within the 1031 exchange. In this episode, Dave shares invaluable ways to use the 1031 exchange to exponentially increase your wealth and navigate the often complicated world of real estate investing.

Dave Foster | Real Estate Background

CEO and founder of The 1031 Investor
Portfolio:
- Residential subdivision
- Multifamily rentals
- Single-family rentals
- Agricultural land investment
Based in: St. Petersburg, FL
Say hi to him at:
- the1031investor.com
- LinkedIn
Best Ever Book: Lifetime Tax-Free Wealth: The Real Estate Investor's Guide to The 1031 Exchange by Dave Foster
Greatest Lesson: Time is your greatest commodity. Downsizing your portfolio can actually supersize your life.