The Best Ever CRE Show

Latest Episodes:

JF3430: Before You Invest Another Dollar – Consider Doing This | Passive Investor Tips ft. Travis Watts Jan 25, 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.

In this episode, Travis Watts discusses improving personal financial management as a crucial step before investing, highlighting ways to save on everyday expenses like utilities and vehicle costs, and the importance of hiring tax strategists and reviewing insurance premiums.

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JF3429: Market Volatility and the Most Dangerous Game in Real Estate ft. David Meyer Jan 24, 2024

Show notes

In this episode, host Joe Cornwell is joined by David Meyer, a real estate investor who serves as VP of data and analytics at BiggerPockets. David discusses current market conditions and trends, the dangers of sitting on the sidelines, and what he’s buying now and why.

Key Takeaways:

The Great Interest Rate Debate — What He’s Seeing: Mortgage rates likely won't continue falling linearly, as hoped, in 2024 due to factors like record-low affordability, inventory shortages, and sluggish sales. Some demand and supply improvements are happening slowly, but no big shifts in market dynamics appear to be coming over the next few months. While bond investors expect further rate cuts, we may see more volatility first before rates can meaningfully decline again.
The (Dangerous) Waiting Game: Trying to time the real estate market is dangerous and near impossible. If rates fall again, competitive conditions will return, erasing affordability gains. Rate declines are expected to be slow. Even a small decrease may spur lots of new competition and higher prices. So while tempting, waiting for the perfect entry point doesn’t necessarily guarantee better affordability or opportunity.
The Midwest Resurgence: David is currently focused on acquiring small multifamily and single-family rental properties in the Midwest, bullish on the region long-term even as others eye the Southeast. “I think in 10, 20 years, we're going to see a resurgence in the Midwest,” said Meyer. “And I want to get into it.”

David Meyer | Real Estate Background

VP of Data and Analytics at BiggerPockets
Portfolio:
- Rental properties and one lonely STR in Colorado
- Passive investor in multiple multifamily syndications
- Lending funds

Based in: Amsterdam, Netherlands
Say hi to him at:
- LinkedIn
- BiggerPockets — where David's new book, Start with Strategy, is now available.
Greatest Lesson: Not outsourcing things quickly enough and trying to do everything himself.

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BAM Capital

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JF3428: Blueprint for Building a 900+ Unit Multifamily Portfolio ft. Farris Gosea Jan 23, 2024

Show notes

Farris Gosea, the founder of Farris Gosea Capital, talks about scaling his multifamily portfolio to 920 units, including the challenges he’s experienced along the way from finding great maintenance technicians to implementing better systems.

Key Takeaways

Scaling in Real Estate: Farris emphasizes the importance of transitioning to larger properties and why it’s critical to have a long term mindset prior to scaling.
Financial Strategies and Management: Farris shares insights into his approach to financing and managing his properties, including self-management strategies, and the benefits of using professional property management software. He also highlights the importance of maintaining control over operations and the strategic decision not to raise external capital for his investments.
Maintenance Challenges and Deal Sourcing: Farris discusses the challenges faced in scaling a real estate business, particularly in maintenance and staffing. He provides tips on finding good deals, focusing on off-market opportunities, and his criteria for identifying profitable investments.

Farris Gosea | Real Estate Background

Founder of Farris Ghosea Capital
Portfolio:
- 920 units
Based in: Schererville, IN
Say hi to him at:

Greatest Lesson: TSet aggressive goals, and have a longterm mindset. Then work backwards from there.

Sponsors

BAM Capital

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JF3427: A Conversation with The Mobile Home Park Lawyer ft. Ferd Niemann Jan 22, 2024

Show notes

Ferd Niemann, a seasoned mobile home park operator and real estate attorney, dives into the niche world of mobile home park investing. He shares expert insights about the nuances of real estate law, the specifics of mobile home park operations, and some of the risks associated with mobile home park investing that investors often overlook.

Key Takeaways

Transitioning to Mobile Home Park Investing: Ferd Niemann shares his journey from working in insurance and as a county appraiser to becoming a real estate lawyer and mobile home park operator. He emphasizes the shift from single-family homes to mobile home parks due to competitive market conditions and the pursuit of greater returns.
Navigating the Challenges of Mobile Home Parks: Ferd discusses the unique challenges of mobile home park investments, including zoning issues, the value of vacant sites, and the significance of local market conditions. He provides insights into managing these challenges, emphasizing the importance of due diligence and understanding local market dynamics.
Strategic Approaches and Best Practices for Mobile Home Park Operations: The episode covers strategic approaches to mobile home park investing, such as focusing on parks with potential for infill and improvement, and the benefits of owning multiple parks in a region for managerial efficiency. Ferd also delves into best practices for setting up legal entities for different aspects of the investment to mitigate risks and streamline operations.

Ferd Niemann | Real Estate Background

The MHP Law Firm
Portfolio:
- 1,500 mobile home park sites
- Various LP investments
Based in: Kansas City MO
Say hi to him at:
- themobilehomelawyer.com
Best Ever Book: Rocket Fuel by Gino Wickman
Greatest Lesson: Trust your gut.

Sponsors

BAM Capital

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JF3426: Top Criteria for Acquiring and Managing Industrial Properties ft. Neil Timmins Jan 21, 2024

Show notes

Neil Timmins, CEO of Agent Optional, shares his journey from being a top Remax agent to an opportunistic commercial real estate investor. He details how he transitioned from residential to commercial real estate, his strategies for acquiring and managing industrial and retail properties, and his innovative approach to creating passive income streams for real estate professionals.

Key Takeaways

Transitioning from Residential to Commercial Real Estate: Neil discusses his shift from a successful career in residential real estate to commercial investments, emphasizing the importance of diversifying income sources and the challenges and rewards of this transition.
Strategies for Acquiring and Managing Industrial and Flex Properties: Neil shares his criteria for selecting commercial properties, including his preference for fewer tenants and longer lease terms. He discusses his experiences with retail and office space as well, including the nuances of managing these assets, from lease enforcement to tenant turnover.
Creating Passive Income Streams for Real Estate Professionals: Neil explains the concept of passive income in real estate, the importance of diversification, and how he assists other professionals in achieving financial stability through commercial investments.

Neil Timmins | Real Estate Background

CEO of Agent Optional
Portfolio:
- 96,000 sq ft of industrial
- 20,000 sq ft of office
- 15,000 sq ft of retail
- 23 doors of multifamily
- Two Airbnbs
Based in: Des Moines, IA
Say hi to him at:
- LinkedIn
- agentoptional.com
Best Ever Book: Winning Through Intimidation by Robert Ringer
Greatest Lesson: Get a mentor early, and get educated. You’re going to pay for it one way or another, so you’re best to do it through a mentor.

Sponsors

BAM Capital

Syndication Attorneys

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JF3425: Lessons in Medical Real Estate and Business Acquisitions ft. Ward Schraeder Jan 20, 2024

Show notes

Ward Schraeder, a versatile real estate mogul with over 30 years of industry experience, shares lessons he's learned spearheading massive commercial and healthcare developments, acquiring failing businesses, and simply seizing the right opportunities regardless of asset class.

Key Takeaways

The Power of Diversity in Real Estate Investments: Ward emphasizes the importance of diversification in real estate, highlighting his ventures across hospital developments, commercial real estate, and bank repo acquisitions. His approach to diversification acts as a hedge against downturns, creating stability and growth.
Leveraging Opportunities in Bankruptcy Acquisitions and Turnarounds: Schraeder shares his experience in acquiring and turning around failing companies, shedding light on the strategic approach of assessing and revitalizing distressed assets. He discusses the significance of understanding the fundamentals of business management in successful turnarounds, including managing accounts receivable, payable, and effective tax planning.
Insights into Medical Real Estate Development: Ward shares his projects in the healthcare sector, such as the development and operation of medical facilities across the country. He provides valuable perspectives on the landscape of healthcare real estate, including regulatory challenges and opportunities for independent developers in this niche market.

Listen to Ward’s previous episode: 2429 - Taking Opportunities To Next Level

Ward Schraeder | Real Estate Background

Schraeder Family Partnership
Portfolio:
- Hospital and other CRE properties
Based in: Kansas City, MO
Say hi to him at:
- Instagram
- YouTube
Best Ever Book: Count of Monte Cristo by Alexandre Dumas
Greatest Lesson: Get started young, and let time do it’s thing.

Sponsors

BAM Capital

Syndication Attorneys

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JF3424: The Magic Market Ride: Perfecting Your Market Selection Strategy | Multifamily Fundamentals Jan 19, 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.

Guest host Matt Faircloth and Vincent Celeste of The DeRosa Group dive deep into the strategies of building and nurturing your investor database to raise capital.

Key Takeaways

Building a Strong Investor Database: Learn how to create an extensive investor database and understand why it's crucial to establish this infrastructure before hunting for deals. Discover strategies to effectively communicate and engage with potential investors, ensuring a solid foundation for future ventures.
Creating a Lead Funnel: Understand how leads and potential investors may interact with your business depending on where they are in their decision-making process. More importantly, understand how you can customize your communication efforts to meet them where they are.
Creating Engaging Content and Utilizing Social Media: Uncover the power of consistent, educational content creation to attract and retain investors. Learn how to effectively use social media platforms to build credibility, share knowledge, and establish a strong online presence.

Sponsors

BAM Capital

Syndication Attorneys

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JF3423: A Brief History of American Tax Law and Reducing Your Tax Burden Through Real Estate | Passive Investor Tips ft. Travis Watts Jan 18, 2024

Show notes

In this episode, Travis reviews a brief history of American tax law to give listeners an accurate perspective of how modern day tax policy fits into the broader historic landscape. He also shares some tips for stacking the odds in your favor when it comes to reducing your tax burden such as investing long term and investing in real estate.

Sponsors

BAM Capital

Syndication Attorneys

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JF3422: Sustainable Real Estate Investing: Green Profits and Social Impact ft. Dave Holman Jan 17, 2024

Show notes

Dave Holman, Founder of Holman Homes, explores the world of green building syndications, historic renovations, and innovative refugee housing. He shares how he’s built a $40 million portfolio and is able to give back to his community while remaining profitable.

Key Takeaways

Sustainable and Cost-Effective Building Practices: Dave emphasizes the importance of green building and sustainability in real estate, discussing how environmentally friendly practices can be both cost-effective and beneficial for long-term investment. He critiques certifications like LEED, advocating for practical sustainability over marketing gimmicks.
Investment Strategies and Refugee Housing: Holman shares the intricacies of managing and investing in refugee housing, highlighting how this approach aligns with both profitability and social responsibility.
Renovating and Modernizing Historic Properties: Living in Maine, many properties are circa Revolutionary War construction. Dave shares the challenges and opportunities this creates for investors looking to bring these buildings into the 21st century.

Dave Holman | Real Estate Background

Founder of Holman Homes
Portfolio:
- 370 units, $40MM AUM between current holdings and development projects
Based in: Portland, ME
Say hi to him at:
Best Ever Book: Cradle to Cradle by Michael Braunghart
Greatest Lesson: Also do research and due diligence on recommendations from contractors.

Sponsors

BAM Capital

Syndication Attorneys

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JF3421: Building Success: Insight into Real Estate Development with Sam Bates Jan 16, 2024

Show notes

Sam Bates from Bates Capital Group talks about shifting his real estate business from acquisitions to development, mainly in multifamily and retail spaces, due to recent market changes. He discusses challenges like zoning laws and investor management, and the impact of COVID-19 on the sector. Bates also shares insights on financial strategies and risk mitigation in large-scale real estate development.

Sam Bates | Real Estate Background