The Best Ever CRE Show

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JF3469: The Psychology of Investing and Why NOW Is the Time to Be Opportunistic in Multifamily ft. Ravi Gupta MD Mar 04, 2024

Show notes

Ravi Gupta is a managing partner and COO at Viking Capital Investments, a multifamily syndication company. Today, he joins host Ash Patel on the Best Ever Show. Ravi is a trained physician who, with his partner, Vikram Raya, went from investing as a hobby to raising more than $230 million in equity and acquiring more than $800 million in real estate. In this episode, Ravi discusses the mindset shift that must happen to pivot from your W2 job to being a syndicator or full-time investor, having an impact by improving communities through multifamily investing, and why the biggest opportunity in multifamily is available right now.

Ravi Gupta | Real Estate Background

Managing Partner/ COO Viking Capital Investments
Portfolio
- 16 Multifamily Units
Based in: Fairfax, Virginia
Say hi to him at:
- https://vikingcapllc.com/
Best Ever Book: Multi-family Millions by David Lindahl

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JF3468: The Rise of Preferred Equity and What’s Really Happening with Multifamily Distress ft. Vicki Schiff Mar 03, 2024

Show notes

Vicky Schiff, CEO at Avrio Management, joins host Joe Cornwell on the Best Ever Show. In this episode, Vicky — a CRE entrepreneur and Adjunct Professor of Real Estate at Pepperdine Graziadio Business School — discusses preferred equity, its place in the capital stack, and the opportunity it presents for investors in the current CRE landscape. She illustrates this by breaking down a specific case study and goes on to discuss how rising interest rates have given rise to pref equity, all while explaining what’s really happening in the world of multifamily distress.

Previous Episode

Vicki Schiff | Real Estate Background

AVRIO
Hires and trains virtual assistants, primarily for real estate companies.
Based in: Los Angeles
Say hi to her at:
- www.avriore.com
Best Ever Book: Greatest Salesman in the World - OG Mandino

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JF3467: Tenant Horror Stories, Election Impact, and the Hard Landing That’s (Probably) Coming ft. Ash Patel and Joe Cornwell Mar 02, 2024

Show notes

Best Ever Show hosts Ash Patel and Joe Cornwell convene for a two-man Best Ever Roundtable. In this episode, Ash and Joe discuss the differences between screening tenants for commercial properties vs. residential, including the difficulties they’ve faced and mistakes they’ve made. They also dive into mindset tactics to overcome fear and imposter syndrome, strategies for working with mentors and accountability partners, and where they think the real estate market is going — and how they plan to adjust accordingly. To cap it off, Ash shares what he thinks will be the hidden catalyst that could get real estate back on track in 2024.

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JF3466: Asset Management - the Real Money Maker in Real Estate | Multifamily Fundamentals Mar 01, 2024

Show notes

Multifamily Fundamentals is a 10-part series hosted by multifamily investor and syndicator Matt Faircloth of the DeRosa Group. In each episode, Matt and his guests dive deep into the fundamentals of not just investing in multifamily, but in building a real estate business. They dissect everything from choosing the right market, to underwriting and financing multifamily properties, to mastering investor relations — all the way to building out your multifamily dream team.

Matt Faircloth and the DeRosa team's episode on multifamily investing highlights the necessity of active asset management and strategic planning for success. It underscores that effectively managing multifamily properties involves hands-on oversight and a business-like approach to achieve profitability.

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JF3465: The Pain of Discipline or Regret | Passive Investor Tips ft. Travis Watts Feb 29, 2024

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.

Travis Watts discusses the choice between discipline or regret in investing, emphasizing the importance of discipline for financial success. He reflects on personal family experiences to highlight the value of time over money, advocating for a life of freedom and fulfillment through wise investing.

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JF3464: Rents Are Cooling, but Not Everywhere: How Class A ‘Luxury’ Supply Is Putting Pressure on Class C Rents ft. Jay Parsons Feb 28, 2024

Show notes

Welcome to the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert.

Today’s Headlines:

Self-Storage Boom Set to Peak: A recent report from Yardi Matrix predicts a surge in supply for 2024 and 25, followed by a decline in later years, signaling a major shift in what’s become an attractive asset class for investors.
‘Cause for Optimism’ in NNN?: Triple-net-lease average closing cap rates declined in January while inventory dropped for a second consecutive month, to signs that Chris Lomuto of Northmarq says could be “cause for optimism.”
Rents Are Cooling … Sort of: New “luxury” Class A supply is putting downward pressure on rents at all price points. It’s a phenomenon called “filtering,” and there are 12 U.S. markets where Class C rents are falling at least 6% year-over-year. All 12 of those markets have supply expansion rates ABOVE the U.S. average.

Today’s Guest: Joining host Paul Mueller on the Best Ever Show today is Jay Parsons. Jay is Head of Economics and Industry Principals at RealPage. As a rental housing economist, Jay is one of the leading voices in multifamily real estate. He’s an author, speaker, and an expert in market trends and forecasts, rental housing policy issues, property management, and more. If you want to read more from Jay on this story, he’s posted on Twitter and LinkedIn about it recently. You can also follow him on LinkedIn and on Twitter @JayParsons.

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JF3463: Ditching Student Rentals, Navigating Tenant Delinquency, and Letting Geographic Focus Drive ft. Mac Shelton Feb 27, 2024

Show notes

Mac Shelton — founding partner at Sweetbay Capital, which focuses on multifamily value-add deals in Virginia and the Carolinas — joins host Slocomb Reed on the Best Ever Show. In this episode, Mac discusses investing in student rentals before reading Joe Fairless’s Book — the Best Ever Apartment Syndication Book — and how the lack of scalability in student rentals led him and his partner to pivot to multifamily syndication. From niching down and investing in familiar markets to overcoming tenant delinquency, Mac shares his experience buying multifamily deals in the challenging landscape that defined 2023.

Mac Shelton | Real Estate Background

Founding Partner at Sweetbay Capital
Portfolio:
- 131 units with 60 more under contract
Based in Raleigh, NC
Say hi to him at
- www.sweetbay-capital.com
- Linkedin

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JF3462: Why ‘Always Be Closing’ Is Dead and Elevating Your Business with Virtual Assistants ft. Valentina Brega Feb 26, 2024

Show notes

Valentina Brega, owner/operator of HireTrainVA.com, joins host Joe Cornwell on th Best Ever Show, sharing her story of immigrating to the U.S. from Moldova and her origins in real estate. In this episode, she discusses cutting her teeth making cold calls at a wholesaling company, what she learned about communications from analyzing her own conversations, and how hiring virtual assistants can help elevate your business and do more deals.

Valentina Brega | Real Estate Background

HireTrainVA
Hires and trains virtual assistants, primarily for real estate companies.
Based in: Nashville, TN
Say hi to her at:
- https://hiretrainva.com/linktree/
Best Ever Book: Traffic Secrets - Russel Brunson

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