The Best Ever CRE Show

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JF3340: Kurt Weil - Insights into the Current Lending Landscape Oct 27, 2023

Show notes

This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.

Slocomb Reed hosts seasoned commercial real estate investor, Kurt Weil. The duo delves into the intricacies of syndications, the pitfalls of partnerships, and the changing dynamics of commercial real estate investments in today's fast-paced world. For anyone diving into commercial real estate or looking to refine their strategies, this conversation with Kurt is a goldmine of actionable advice.

Key Takeaways:

Adaptability is Key: As the commercial real estate landscape evolves, the most successful investors will be those who remain adaptable and open to learning.
Outline Partnership Expectations Upfront: Avoid the common pitfall of mismatched partner expectations by discussing responsibilities and roles clearly before striking a deal.
Networking is Essential: Despite the digital age, word of mouth and personal connections remain invaluable. Whether it's through platforms like LinkedIn or personal contacts, maintaining a robust network can open doors to hidden opportunities.

Kurt Weil | Real Estate Background

Founder of Incline Commercial
Portfolio:
- Multifamily and industrial flex
Based in: Cincinnati, OH
Say hi to him at:
- LinkedIn
Best Ever Book: Rich Dad Poor Dad by Robert Kiyosaki
Greatest Lesson: Choose your partner wisely, and define expectations.

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JF3339: How to Identify Your Risk Tolerance | Passive Investor Tips ft. Travis Watts Oct 26, 2023

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 offers guidance on how to identify your risk tolerance when it comes to investing so that you can select the right deals that align with your goals. He also shares insights into risk premiums and how to determine what your investing strategy should be depending on your current financial situation.

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JF3338: Diana Lin - The Art of Pivoting and Overcoming Fear Oct 25, 2023

Show notes

Diana Lin is an accomplished entrepreneur who has experienced a remarkable journey from architecture to real estate. Diana shares her valuable insights on various aspects of the commercial real estate industry, including partnership strategies, capital raising, and conquering fear in real estate investing.

Key Takeaways:

The Power of Relationships: Diana emphasizes the significance of trust and connections in real estate investing. Building and nurturing relationships with experienced professionals can open doors to valuable opportunities and collaborations.
Conquering Fear: Overcoming fear is essential for real estate success. Diana's advice is to trust but verify, and she encourages investors to seek guidance from trusted mentors and colleagues when making investment decisions.
Diversification: While Diana has excelled in multifamily real estate, she advocates for exploring different asset classes and diversifying one's investment portfolio. Don't limit yourself to a single niche; instead, keep an open mind to maximize your potential in the real estate industry.

Diana Lin | Real Estate Background

Navi Ventures
Portfolio:
- GP - 648 units
- LP - 1,144 units and ground-up multifamily units - 150 units
Based in: Dallas, TX
Say hi to her at:
- LinkedIn
Best Ever Book: The Go-Giver by Bob Burg
Greatest Lesson: Lean on sponsor's expertise. If inexperienced, partner with someone that is.

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JF3337: Mark Hutton - Exploring the Opportunities in Residential Assisted Living Real Estate Oct 24, 2023

Show notes

Mark Hutton unpacks the intricacies of investing in the niche of Residential Assisted Living (RAL) within the commercial real estate sector. Mark sheds light on why RAL is becoming an appealing asset for investors, the synergies of combining the real estate with the operating business, and the pivotal role of SBA-backed loans in this space.

Key Takeaways:

RAL's Appeal: With traditional long-term hold properties offering lower cash flow due to prevailing interest rates, RAL presents a lucrative opportunity for investors seeking higher returns.
SBA-Backed Loans in RAL: These loans provide certain advantages such as long-term fixed rates and high LTVs, making them a preferred choice in the RAL space. However, they also come with specific controls like pre-defined lease terms.
Learning from the Best: Mark emphasizes the importance of seeking mentorship and learning from those already successful in the RAL space, ensuring faster progress and fewer pitfalls.

Mark Hutton | Real Estate Background

Founder of Mimi’s House Assisted Living and Memory Care
Portfolio:
- SFRs, commercial apartments, retail mall, resorts, and RAL homes
Based in: Cincinnati, OH
Say hi to him at:
- MimisHouseRAL.com
- Facebook
Best Ever Book: The Debt Millionaire by George Antone
Greatest Lesson: Building a senior-centered service business is 10x more rewarding than owning rental real estate.

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JF3336: J.D. Schmerge - Market Insights from a Multifamily Broker Oct 23, 2023

Show notes

Slocomb Reed sits down with seasoned commercial real estate expert J.D. Schmerge to deep dive into the dynamics of the ever-changing market from decoding property valuations to the art of bridging sellers and buyers.

Key Takeaways:

Market Dictates Price: A property's value isn't just about a seller's listing price; it's really about what the market is willing to bear. Both sellers and brokers should approach pricing with flexibility and market awareness.
Understanding Buyer Needs: There are different types of buyers in the market. Some prefer turnkey properties, while others look for opportunities to add value through renovations. Catering to these diverse needs is crucial.
Realistic Expectations: Sellers should have realistic expectations regarding property prices and be ready to trust the market. This can ensure a smoother transaction process and better outcomes.

J.D. Schmerge | Real Estate Background

Multifamily Broker with Si Vales Valeo Real Estate
Based in: Cincinnati, OH
Say hi to him at:
- LinkedIn
- svvre.com

Greatest Lesson: Be realistic on expectations, and trust that the market is going to dictate the price.

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JF3335: Kranti Ponnam - Tech-Driven Strategies for Success in Commercial Real Estate Oct 22, 2023

Show notes

Ash Patel interviews Kranti Ponnam, a tech entrepreneur and real estate syndicator with a unique perspective on commercial real estate investing. Kranti shares insights on the intersection of technology and real estate, emphasizing the importance of treating real estate investments as businesses.

Key Takeaways:

Business Mindset in Real Estate: Kranti stresses the significance of approaching real estate investments with a business mindset. Just like running a company, treating your real estate investments with respect, creating systems, and analyzing data can significantly enhance your success.
The Power of Taking Action: Kranti encourages aspiring real estate investors to take action rather than waiting on the sidelines. Getting involved in a deal, whether as a limited partner or general partner, sets in motion a momentum that propels your real estate journey forward.
Balancing Technology and Personal Touch: While technology is a powerful tool, Kranti emphasizes the importance of maintaining a personal touch in real estate. He discusses the value of authentic content creation, ensuring that your communication resonates with your investor audience.

Kranti Ponnam | Real Estate Background

Director of Capital, Four Oaks Capital
Based in: San Diego, CA
Say hi to at:
- LinkedIn
Best Ever Book: Atomic Habits by James Clear
Greatest Lesson: You can be on the sidelines trying to figure things out forever. But the best thing you can do is to get on a deal in some way, and actually do it!

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JF3334: Mike Taddy - Transitioning to Real Estate Investing from a 20-Year Military Career Oct 21, 2023

Show notes

Dive deep into the nuances of property management, tenant retention, and how AI can shape the future of real estate podcasting. In this enlightening episode, Mike Taddy, a seasoned real estate professional, shares his extensive experience, valuable lessons, and the role of relationship-building in this ever-evolving sector.

Key Takeaways:

Lean Into Your Competitive Advantage: Relationship-building is essential, not just with tenants but also with lenders and other stakeholders. Leveraging this strength can lead to significant growth and progress.
Open Communication is Paramount: From pre-screening to lease signing, open and transparent communication with tenants sorts potential problems and builds a foundation of trust.
Believe in Yourself: Mike's poignant advice emphasizes the importance of self-belief. When in doubt, especially in the challenging realm of real estate, betting on yourself can make all the difference.

Mike Taddy | Real Estate Background

Co-Owner, Midwest Multifamily Investments LLC
Portfolio
- 67 units - mostly small multifamily properties ranging from duplexes to 5-unit buildings
Based in: Green Bay, WI
Say hi to him at:
- LinkedIn
Best Ever Book: Rocket Fuel by Gino Wickman
Greatest Lesson: Don't swing the hammer! Can't be a contractor and professional at same time - something has to give.

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JF3333: Brian Schafer - Exploring Flex Spaces and Multifamily Economics Oct 20, 2023

Show notes

Dive deep into Brian Shafer's journey navigating the commercial real estate world. Brian discusses multifamily development economics, the potential of flex spaces, and how his early exposure to construction molded his investing career.

Key Takeaways:

Cost Efficiency: Building multifamily efficiently could cost around $200 per square foot, which is almost half of some high-end developments.
Potential of Flex Spaces: With almost the same rent as multifamily but less than half the build cost, flex spaces present a lucrative opportunity. Consider structures like 16-foot ceilings and 14-foot bay doors to optimize rent.
Seeking Guidance: Both Brian and Ash stress the importance of seeking advice and understanding business models thoroughly before diving in. Recognize that there are resources available and don't hesitate to ask for help.

Brian Shafer | Real Estate Background

Prosper Real Estate Investments
Portfolio:
- Multifamily, commercial, industrial, SFR Contracts
Based in: Iowa
Say hi to him at:
- Prosper-rei.com
- LinkedIn
Best Ever Book: A Random Walk Down Wallstreet by Burton Malkiel
Greatest Lesson: Ask for help. Consult others with more experience to look over your deals and offer insight into things you may have missed.

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JF3332: Risk Premium - What You Need To Know | Passive Investor Tips ft. Travis Watts Oct 19, 2023

Show notes

In the episode, Travis Watts discuss the value of consistency in investing. They highlight the importance of a repeatable success strategy, advocating for choosing proven business models and emphasizing specialization. The central idea is that while one-time success might be luck, repeated success signifies skill.

Click here to learn more about our sponsors:

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JF3331: Dylan Koch - Unlocking Off-Market Deals: How to Master Direct-to-Seller Outreach Oct 18, 2023

Show notes

In today's episode, Joe Cornwell sits down with expert real estate investor, Dylan Koch, to unveil the power of direct-to-seller outreach and its incredible potential for commercial real estate investments. As Dylan divulges his strategies and experiences, listeners get a front-row seat to learn how to replicate these successful techniques in their own ventures.

Key Takeaways:

Creative Financing is Gold: Traditional listings often don't provide the flexibility that off-market deals can. By going direct-to-seller, investors can craft creative financing structures, such as seller financing, that benefit both parties.
Action Over Perfection: Instead of getting bogged down by the specifics, taking immediate action and refining along the way can yield impressive results. An effective outreach, even if basic, can uncover lucrative opportunities.
Direct Outreach is Transferrable: Dylan emphasizes that his methods are not exclusive to residential properties. The strategies can be effectively applied to larger commercial assets, even those in the 50-100 unit range, opening a realm of possibilities for savvy investors.

Dylan Koch | Real Estate Background

Founder of Morning Brew Properties
Portfolio:
- 29 units of single and small multifamily
Based in: Cincinnati, OH
Say hi to him at
- LinkedIn
- morningbrewproperties.com
Best Ever Book: Broken Money by Lyn Alden
Greatest Lesson: Identify your worst case scenario, and do the math to figure out what you need to do to avoid it. Then, get started - action over perfection.

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