The Best Ever CRE Show

Latest Episodes:

JF3670: The ‘Disastrous Policy’ Behind This Investor’s Worst-Ever Deals ft. Jonah Bamberger Sep 21, 2024

Show notes

Jonah Bamberger, managing partner and executive chairman of Aulder Capital, joins host Joe Cornwell on the Best Ever CRE Show. Aulder Capital has done over 60 acquisitions totaling more than $1 billion, and in this episode, Jonah discusses investing in Brooklyn and along the I-95 corridor, the active development deals currently working on — including building New York’s only Miami-style beach club — and the challenges of investing in rest-stabilized neighborhoods in NYC.

Jonah Bamberger | Real Estate Background

Aulder Capital
Portfolio:
- 60 acquisitions with 20 realizations valued at over $1 billion.
Based in: New York City, NY
Say hi to him at:
- LinkedIn
Best Ever Book: Lonesome Dove by Larry McMurtry
Greatest Lesson: Work hard, be kind, and good things will happen

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JF3669: The Unsexy Reality of Building a Syndication Business from Scratch ft. Brian Burke Sep 20, 2024

Show notes

In this episode of Next Level CRE on the Best Ever Show, Brian Burke, CEO of Praxis Capital, joins host Matt Faircloth.

Brian has acquired over half a billion dollars of real estate in his 30-plus years in the business, including more than 3,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but prefers to reposition existing multifamily properties.

Brian discusses how to build a syndication business from scratch, including how to time the market based on psychology, the biggest misconceptions about multifamily properties, and the key hires he made that scaled his business from $30-40 million to $100 million. He also explains why he (almost) never visits the properties he buys and how he would build his business if he has to start over from scratch today. Brian Burke | Next Level CRE

Praxis Capital
Portfolio:
- 1,000 units +/-
Based in: Santa Rosa, CA
Say hi to him at:
- LinkedIn

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JF3668: Scaling Land Acquisitions, Navigating Zoning Challenges, and Turning $40M into $136M ft. Anita Verma-Lallian Sep 19, 2024

Show notes

Ash Patel interviews Anita Verma-Lallian, CEO of Arizona Land Consulting, about her journey in the land consulting business, the growth of Arizona's real estate market, and the intricacies of land acquisition and development. Anita shares insights on the importance of zoning, community relations, and strategic investment in land, as well as the returns investors can expect compared to other asset classes. The discussion also touches on the challenges of finding suitable properties and the dynamics of working with investors. Anita Verma-Lallian | Real Estate Background

Arizona Land Consulting
Based in: Phoenix, Arizona
Say her to him at:
Best Ever Book: LifePass: A Groundbreaking Approach to Goal Setting

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JF3667: Transitioning from Multifamily to RV Parks, $1M Pecan Business Acquisition, and Mastering the Perpetuity Model ft. Josh Ferrari Sep 18, 2024

Show notes

Josh Ferrari, CEO and owner of Ferrari Capital, discusses his experience in syndicating commercial real estate, including multifamily properties and RV parks. He shares his unique perpetuity model for partnership with LPs, where they receive a 100% return of capital and then retain ownership in the deal while receiving a share of distributable capital. Josh also talks about his recent business acquisition of a pecan business and the cash flow it generates. He emphasizes the importance of pivoting and adapting to market conditions and finding deals that align with your goals. Josh Ferrari | Real Estate Background

Ferrari Capital
Portfolio:
- 900 units, $75M AUM
- $27M of equity raised
- 750 multifamily units between A, B, & C class
- 150 RV park pads between two different assets
Based in: Tampa, FL
Say hi to him at:
Best Ever Book: Vivid Vision by Cameron Herold
Greatest Lesson: Don't ever try to do anything alone in this business.

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JF3666: Navigating 400 Evaluations for 2 Deals, $1M Renovation Plans, and Leveraging Third-Party Management ft. Paul Montelongo Sep 17, 2024

Show notes

Paul Montelongo, founder of Montalongo Capital, discusses his focus on acquiring value-add multifamily properties in Texas, Kansas, and Alabama. He shares that their business plan involves putting about a million dollars worth of improvements into each property and holding them for five to six years. Paul emphasizes the importance of staying nimble in the current market and building strong relationships with brokers and referral sources to find deals. He also discusses the benefits and challenges of third-party property management and the trend of vertical integration in the industry. Paul shares his experiences and lessons learned from past deals, highlighting the importance of staying in your lane and having a clear business plan. He advises investors to evaluate deals and put in offers, taking advantage of the current market conditions. Paul Montelongo | Real Estate Background

Founder Montelongo Capital, LLC
Portfolio:
- 1106 Units
Based in: San Antonio, TX
Say hi to him at:

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JF3665: Rebuilding a $100M Portfolio, Lessons from Federal Prison, and Navigating Today's Multifamily Market ft. Mike Morawski Sep 16, 2024

Show notes

Mike Morawski, a commercial multifamily operator, shares his experience in the real estate industry and offers insights into the current market climate. He discusses the factors that contributed to his success in scaling his business from zero to $100 million in five years, as well as the mistakes he made during the Great Recession. Morawski believes that there are opportunities in the current market and emphasizes the importance of investing in growth markets and paying attention to details in asset management. Mike Morawski | Real Estate Background

MikeMorawski.com Resilience Equity
Portfolio:
- 100 Units in Tampa Lead Sponsor on GP Team
- 450 Units in Tulsa Lead Sponsor on GP Team
Based in: Huntington Beach, California
Say hi to him at:

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JF3664: Scaling with Joint Ventures, Maximizing Returns through Property Conversions, and Building a Global Portfolio ft. Charlie Panayi Sep 15, 2024

Show notes

Charlie Panayi, CEO of Red Squirrel Property Shop, shares his journey into real estate investing and the different types of properties he has invested in. He started at a young age, buying his first property at 18 and focusing on buy-to-let investments. As he gained more experience, he diversified into larger developments, conversions, and commercial properties. He also discusses the UK property market and the opportunities that arose after the 2008 crash. Charlie emphasizes the importance of education and leveraging knowledge from mentors and joint ventures. Charlie Panayi discusses his experience with joint ventures and partnerships in the real estate industry. He explains how he helps others by being part of their deals and shares the benefits of collaboration. Charlie also talks about different types of property conversions, such as converting houses into multiple occupancy properties, and the commercial value they can generate. He discusses the challenges of navigating local regulations and councils in the UK and shares his insights on investing in the UAE. Charlie emphasizes the importance of being conservative in underwriting and projections, especially in a volatile market. Charlie Panayi | Real Estate Background

Red Squirrel Property Shop
Based in: London, United Kingdom
Say hi to him at:
Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
Greatest Lesson: Can’t replace time.

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JF3663: Overcoming Rent Control Challenges, Managing 95% Vacancy in Value-Add Deals, and Expanding into High-Growth Markets ft. Zihao Wang Sep 14, 2024

Show notes

Zihao Wang, CEO at Motiva Holdings, discusses their value-add multifamily investment strategy and portfolio growth. They focus on both Southern California and other markets such as the Texas Triangle and the Midwest. In Southern California, they target two types of value-add plays: properties with mom and pop owners who haven't raised rents due to rent control, and properties with sophisticated operators who have already added value but still have rental upside. Zihao explains how rent control affects their strategies and the challenges of re-tenanting properties. He also discusses their capital raising approach, return projections, and the benefits of investing in different markets.

Zihao Wang | Real Estate Background

CEO at Motiva Holdings
Portfolio:
- 34 projects ; 1663 units ; ~$0.5B capitalization
Based in: Commerce, CA
Say hi to him at:
- LinkedIn
- www.motivaholdings.com
Best Ever Book: Rich Dad, Poor Dad - Robert Kiyosaki
Greatest Lesson: Never stop learning. The scariest thing in our fast-moving world is that you don't know what you don't know.

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JF3662: Building a Real Estate Empire Without Banks Through Creative Financing ft. Pace Morby Sep 13, 2024

Show notes

In this episode of Next Level CRE on the Best Ever Show, creative finance legend Pace Morby joins host Matt Faircloth to explain how investors can use subject to, seller financing, and other creative strategies to acquire properties at low interest rates and without using a bank.

Pace discusses his start in real estate, including how a Ponzi scheme forced him to basically start over, and how he built a thriving real estate empire through creative finance. He also shares how he overcomes seller objections when discussing creative finance strategies that most sellers don’t understand, how his unique understanding of amortization and tax benefits allows him to negotiate low interest rates via seller financing, and how he acquired two RV parks with creative finance.

Pace Morby | Real Estate Background

Owner of SubTo, professional real estate investor, and business entrepreneur
Portfolio:
- 1,500 multifamily doors
- 300 single-family doors
Based in: Arizona
Say hi to him at:
- subto.com
- YouTube
Best Ever Book: My Side of the Mountain by Jean Craighead George
Greatest Lesson: I should have started earlier and surrounded myself with people who had portfolios and lives that I wanted.

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JF3661: Transitioning from DIY Flips to Syndications, Raising Capital, and Managing Distressed Properties ft. Jordan Smith Sep 12, 2024

Show notes

Jordan Smith, President of 360 Properties Corp, shares his journey in real estate investing, from single-family homes to large apartment communities. He emphasizes the importance of building relationships and providing value to others in order to raise capital for deals. Jordan discusses the challenges of rising costs and finding reliable contractors in the current market. He also shares lessons learned from his worst deal and highlights the benefits of being part of a team in multifamily investing. Jordan's advice for aspiring investors is to reach out to others in the industry and offer to provide value. Jordan Smith | Real Estate Background

Three60 Properties Corp
Based in: Nashville, TN
Say hi to him at:
- Three60properties.com
- Facebook
Greatest Lesson: Trust but verify - Have a system for being thorough with your underwriting as well as due diligence once you get a property under contract,

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