The Best Ever CRE Show

Latest Episodes:

JF3520: The Worst Thing You Can Do at a Conference and the Science Behind Finding Partners and Building a Team ft. Liz Faircloth Apr 24, 2024

Show notes

Liz Faircloth, co-founder of InvestHER, joins host Slocomb Reed on the Best Ever Show. In this episode, Liz discusses her background in personality assessments, including the importance of identifying personality drivers, visionaries vs. integrators, and why you should seek opposite personalities when targeting partners, employees, brokers, and more.

Previous Episode: JF2780: How Empowering Women in Real Estate Benefits Everyone

Liz Faircloth | Real Estate Background

Co-founder of The Real Estate InvestHER
Based in: Philadelphia, PA
Say hi to her at:
- https://investhercon.therealestateinvesther.com/
- IG: @therealestateinvesther
Best Ever Book: Awaken the Giant within by Anthony Robbins

Sponsors:

Viking Capital

Baselane

InvestHER

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JF3519: Why Self-Storage Is Like Netflix, Raising Rents without Losing Tenants, and the Key to Creating Value ft. Jacob Vanderslice Apr 23, 2024

Show notes

Jacob Vanderslice, principal of VanWest Partners, joins host Ash Patel on the Best Ever Show. In this episode, Jacob provides a comprehensive look at the state of self-storage. He breaks down the impact floating-rate debt has had on the sector, how securing financing has changed, and the changing face of self-storage demand. He also shares how he navigates the tricky world of rate increases with his tenants.

Previous Episode: JF2537: Why NOT to Invest in Self-Storage

Jacob Vanderslice | Real Estate Background

Principal, Investor Relations
VanWest Partners
Portfolio:
- 3.4 MM total square feet of self storage space, including just under 40 properties and about 20K units
Based in: Denver, CO
Say hi to him at:
- https://www.vanwestpartners.com/
- LinkedIn
Best Ever Book: Into the Silence by Wade Davis

Sponsors:

Viking Capital

Baselane

InvestHER

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JF3518: Lies in the Media, Shocking the Market, and Why Retail Is on Fire While Multifamily Struggles — Best Ever Roundtable Apr 22, 2024

Show notes

In this episode of the Best Ever Show, hosts Ash Patel, Slocomb Reed, and Joe Cornwell convene for another Roundtable. In this episode, the guys recap their biggest takeaways from the Best Ever Conference, including why interest rates aren’t coming down anytime soon, how the media’s clickbait culture has misled investors, and why retail vacancy is at an all-time low and non-residential real estate is on fire while the multifamily sector continues to struggle.

Get your tickets to Best Ever Conference 2025 here.

Sponsors:

Viking Capital

Baselane

InvestHER

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JF3517: Cheat Codes to Accurately Assess Capital Expenditure Needs Ahead of an Acquisition — The Due Diligence Show ft. John Wilhoit, Jr. Apr 21, 2024

Show notes

Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, John Wilhoit Jr., an asset manager who owns 10,000 units, joins Slocomb to discuss how to assess capital expenditure needs ahead of an acquisition, including a case study breaking down what he’d expect in an old building, the challenges that property would provide, and how to overcome them.

Previous Episode: JF140: How Much do Multifamily Asset Managers Get Paid?

Sponsors:

Viking Capital

Baselane

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JF3516: Tax Mistakes Investors Make that Drive CPAs Crazy, and How to Avoid Them ft. Kiyoshi Simon and Amanda Han Apr 20, 2024

Show notes

Kiyoshi Simon and Amanda Han join host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss tax compliance, financial health checks, and why your tax strucutres need to evolve along wiht you and your real estate business. They also share the tax mistake investors make that drive CPAs crazy, and how to avoid them.

Sponsors:

Viking Capital

Baselane

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JF3515: The Retail Boom, Rent Control Risks, and the Truth About the Housing Shortage ft. John Chang Apr 19, 2024

Show notes

John Chang, head of research at Marcus and Millichap, joins host Joe Cornwell on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, John discusses the state of commercial real estate, including why retail is so hot right now, the state of the office market, and why multifamily investors in certain markets should be wary of rent control risks. He also breaks down the housing shortage, providing historical context and the truths most overlook.

Sponsors:

Viking Capital

Baselane

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JF3514: Partner Hunting, Avoiding FOMO, and Learning from Master Capital Raisers at the Best Ever Conference ft. Liam Delumpa and Ian Cruz Apr 18, 2024

Show notes

Investors Liam Delumpa and Ian Cruz joined host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss the conference experience, including networking, partner hunting, and the value of gaining knowledge from fellow investors who are on the ground every day, doing the work. They also discuss learning from master capital raisers, doing your first out-of-state multifamily deal, and not buying out of FOMO.

Liam Delumpa and Ian Cruz | Real Estate Background

Manager of Finance at a Venture Capital Firm
Based in: San Jose, CA
Say hi to him at:
- IG: @cincycashflow
Best Ever Book: Atomic Habits by James Clear

Sponsors:

Viking Capital

Baselane

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JF3513: Secrets to Finding Good Property Management, Understanding Your Weaknesses, and Diversifying into Income Streams ft. Matt Fore Apr 17, 2024

Show notes

Matt Fore, partner at Next-Level Income, joins host Joe Cornwell on the Best Ever Show. In this episode, Matt discusses finding good property managers and the keys to building a successful partnership. He also shares his strategy for getting tech professionals to invest in his deals, the benefits of diversifying into income streams, and why he’s currently bullish on mobile home parks.

Matt Fore | Real Estate Background

Next Level Income
Based in: Nashville, Tennessee
Say hi to him at:
Best Ever Book: The Last Lecture by Jeffrey Zaslow

Sponsors:

Viking Capital

Baselane

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JF3512: Bringing Co-GP Equity to Deals and the Evolution of GP–LP Splits ft. Mark Purtell and Preston Hartsell Apr 16, 2024

Show notes

Mark Purtell and Preston Hartsell of CTC Capital Management join Slocomb Reed on the Best Ever Show. In this episode, Mark and Preston discuss bringing co-GP equity to deals, when to focus on IRR, and what kind of IRRs they’re currently targeting.

Mark Purtell and Preston Hartsell | Real Estate Background

Head of Real Estate Acquisitions and Development | CTC Capital Management
Based in: Chicago, IL
Say hi to him at:
- https://ctccapitalmanagement.com/
Best Ever Book: The Gambler: How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History by William Rempel

Sponsors:

Viking Capital

Baselane

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JF3511: From Football to Flex Spaces: Michael Parrott's Real Estate Playbook Apr 15, 2024

Show notes

Michael Parrott, Director of Acquisitions for Suncap Real Estate, discusses his background and entry into real estate, as well as his focus on flex industrial and grocery anchored retail assets in the Southeast. He explains the advantages of investing in flex industrial properties, such as predictable supply and affordability for tenants. Parrott also shares a case study of a successful investment in Elk Mountain Business Park. He discusses the strategy for investing in grocery anchored retail centers and the importance of underestimating insurance rates. Parrott recommends the book 'Faith Driven Investing' and highlights the Fellowship of Christian Athletes as an organization he supports.

Takeaways:

Flex industrial properties offer predictable supply and affordability for tenants.
Investing in grocery anchored retail centers can provide higher yields and lower risk.
Underestimating insurance rates can lead to unexpected expenses in real estate deals.
The book 'Faith Driven Investing' explores the intersection of faith and business.
The Fellowship of Christian Athletes is an organization that Michael Parrott supports.

Michael Parrott | Real Estate Background