The Best Ever CRE Show

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JF1647: Apartment Financial Statements Part 6 of 6 | Syndication School with Theo Hicks Mar 07, 2019

Show notes

Final episode of the financial statements segment of the Syndication School series. Theo will be talking about more, you guessed it, financial documents. He’ll finish breaking down the OM today, and finish the episode with useful underwriting tips as it pertains to the entire financial statement series. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Compare their pro forma to their pro forma”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

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JF1646: Apartment Financial Statements Part 5 of 6 | Syndication School with Theo Hicks Mar 06, 2019

Show notes

Part 5 of our 6 part series on apartment financial statements. Theo will be covering a few different documents today, including the OM. So without much more explaining from me, hit play and learn more about the financials from Theo. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The listing agents MIGHT leave some things off the OM to make more money”

Free document for this episode:

http://bit.ly/offeringmemorandum

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1645: We Completed A Business Plan & Sold A Deal - Here Are The Details - with Frank and Joe Mar 05, 2019

Show notes

Frank Roessler, for Best Ever Listeners that don’t know, is the Founder of Ashcroft Capital, and managing partner along with Joe. Recently, they finished a business plan and sold a deal, now we get to hear their case study discussion. This will be a normal segment on the podcast, whenever Ashcroft sells a property, we’ll hear the details from Frank and Joe! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Frank Roessler Real Estate Background:

Founder of Ashcroft Capital
Has overseen the acquisition of over $700,000,000 of institutional quality multifamily investments
Based in NYC
Say hi to him at ashcroftcapital.com

Best Ever Tweet:

“You can do everything else right, but if you can’t execute, you can really screw up an investment” - Frank Roessler

Learn more about Frank:

JF810: When Mother Nature DESTROYS Your Property, What Do You Do? #SkillsetSunday Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1644: How This 22 Year Old Profited $1.5M Last Year Flipping Houses with Igor Kajpust Mar 04, 2019

Show notes

At a very young age Igor has figured out how to build a consistent and profitable house flipping business. Not only has he been exceptional at networking and establishing advantageous business relationships, his business is structured smartly and his team is performing very well. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“At the time I didn’t know what a quit claim deed was, we learned our lesson on that one” - Igor Kajpust

Igor Mike Kajpust Real Estate Background:

22 year old full time investor specializing in SFR
Purchased $8.5M of flips in 2018 across 35 flip deals, sold 20 of them in 2018 for $1.15m profit and have $1.25m in equity in the remaining 15
Goal is to do 500 sfr deals in 2019
Based in LA, CA
Say hi to him at http://amoove.com/
Best Ever Book: Principles

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1643: Unlocking Dead Money In Single Family Houses #SkillSetSunday with Matthew Sullivan Mar 03, 2019

Show notes

The Blockchain. You’ve heard of it, you may know a little about it, now how can it help us as real estate investors? Matthew has built a company that helps people invest in real estate all over the world without a third party. We’ll walk through a case study of what one can expect if using the blockchain to invest in real estate with his company. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“We’ll buy some of the equity in your home, you pay us back when you sell” - Matthew Sullivan

Matthew Sullivan Real Estate Background:

Founder and CEO of QuantumRE
Co-Founder of the $50 million Secured Real Estate Income Strategies Fund
President and founder of Crowdventure, LLC, a real estate crowdfunding company
Listen to his previous Best Ever Episode:
- JF435: Buying 1st and 2nd Mortgages and…CROWDFUNDING!
Based in Newport Beach, CA
Say hi to him at http://www.quantm.one/

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1642: Leveraging Self Directed IRA’s For Real Estate Investments & Paying Minimal Taxes with Edwin Kelly Mar 02, 2019

Show notes

Many people would like a way to invest in real estate and pay less taxes. Well what a lot of people may not know, is that they may have the capital available to do this, they just have to move it around, get it into a self directed IRA, and have some professional guidance. Listen in for tips on executing this strategy. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“South Dakota and New Mexico are the best states to get a license in” - Edwin Kelly

Edwin Kelly Real Estate Background:

Expert on Self Directed Retirement accounts and self-directed investment strategies
CEO and Co-Founder of Specialized IRA Services
He has more than 24 years of experience in the Financial Services Industry
Based in Albuquerque, NM
Say hi to him at https://specializediraservices.com/
Best Ever Book: Losing My Virginity by Richard Branson

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1641: 5 Lessons Learned At The Best Ever Conference #FollowAlongFriday with Joe and Theo Mar 01, 2019

Show notes

We’re just getting back from Denver and the Best Ever Conference. Joe is sharing his top lessons learned from the conference. Some surprising lessons learned from a comedian, and other real estate related lessons. We’ll also get updates from the two of them on their businesses, and how their lessons can help us. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“He took advantage of a situation that he was presented time and time again, and turned it into an asset”

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1640: Breaking Down the T-12: Apartment Financial Statements Part 4 of 6 | Syndication School with Theo Hicks Feb 28, 2019

Show notes

Part two of the T-12 walk with Theo. You’ll want to listen in to learn even more details about the trailing 12. It’s important to understand this statement so you don’t make a bad decision on a deal that costs you money. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“The total income - total operating expenses is what’s used to determine the value of the property”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1639: Breaking Down the T-12: Apartment Financial Statements Part 3 of 6 | Syndication School with Theo Hicks Feb 27, 2019

Show notes

Last week’s syndication school episodes were all about the rent roll. This week, Theo is talking about the T-12 (trailing 12, profit & loss statement) it has different names sometimes, but we’ll refer to it as simply the T-12. We’ve provided a free T-12 from an actual deal in the notes below. You’ll need to know how to read this statement for your apartment syndication business. If you never plan to buy larger apartment buildings, you’ll still need this skill for smaller properties if you want to accurately perform your due diligence. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Gross potential rent on the T-12 and the rent roll should be pretty close”

Free Document (Real T-12 from a deal):

http://bit.ly/trailing12

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF1638: How To Purchase 150 Properties In Just Two Years with Steven Pesavento Feb 26, 2019

Show notes

Steven considers himself a “beginning” investor… Who has 150 properties purchased in his first two years of investing. Maybe not quite a beginner in a lot of eyes, but for himself and his goals, he’s just getting started. We’ll take a dive into how he has been able to scale to the level he is currently at in just two years. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“Whenever you take on the decision to cut overhead, it’s a trade off” - Steven Pesavento

Steven Pesavento Real Estate Background:

Been investing in real estate for two years
Bought and sold 150 properties
Based in Denver, CO
Say hi to him at www.theinvestormindset.com
Best Ever Book: Never Split The Difference

Sponsored by Stessa - Maximize tax deductions on your rental properties. Get your free tax guide from Stessa, the essential tool for rental property owners.

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