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JF3330: Cameron Barsanti - A Blueprint for Building a Multi-Million Dollar Self-Storage Portfolio Oct 17, 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.

Discover the ins and outs of the self-storage real estate niche with seasoned investor Cameron Barsanti. From humble beginnings to managing a multi-million dollar portfolio, Cameron provides invaluable insights into the self-storage business, focusing on deal flow, mentorship, and partnership.

Key Takeaways:

Deep Discounts = Big Opportunities: Cameron emphasizes the importance of acquiring properties at significant discounts, highlighting how this strategy has fueled his rapid growth. He talks about scaling and looking for opportunities outside typical markets, showcasing that it's less about where and more about the value of the deal.
The Power of Mentorship, Partnerships, and Deal Flow: Partnering with the right individuals can leverage greater opportunities than going solo. Cameron credits his success to having mentors, cultivating relationships with partners, and emphasizing the importance of constant deal flow to keep the momentum going.
Operational Mistakes and Lessons Learned: Every investor makes mistakes, but the true value lies in the lessons learned. Cameron candidly shares a significant operational oversight, stressing the importance of due diligence and ensuring accurate records during property transfers.

Cameron Barsanti | Real Estate Background

Founder of Storage Life
Portfolio:
- Over $40M in self-storage assets in six states
Based in: Corrales, NM
Say hi to him at:
Best Ever Book: The Mindbody Prescription by John E. Sarno
Greatest Lesson: The power of cold-calling can create massive momentum and opportunities.

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JF3329: The Great Debate: Residential vs. Commercial Real Estate Oct 16, 2023

Show notes

Ash Patel and Joe Cornwell engage in a head-to-head debate, diving deep into the nuances of commercial versus residential real estate investing. Drawing on their years of expertise, these industry titans provide insights, challenge perspectives, and share personal experiences that are bound to resonate with every real estate investor.

Key Takeaways:

Vacancy & Value Growth:
- Joe argues that residential real estate, especially 1-4 units, is influenced heavily by comps, which can sometimes be beneficial, seeing property values doubling unexpectedly.
- Ash emphasizes the potential of commercial real estate, highlighting that value isn't strictly bound by comps. The signing of a long-term lease with a big name can drastically increase a property's value.
Tenant Management:
- Commercial tenants, often business owners, tend to be more self-reliant, potentially even investing in the property's upkeep themselves. This can reduce management headaches, evictions, and provide more predictable revenue streams.
- Joe counters by noting that proper screening and management can similarly reduce residential real estate risks.
Recession Resilience & Mixed Use Properties:
- Both Ash and Joe agree on the recession-resistant nature of certain types of properties, specifically mixed-use properties. Combining both commercial and residential tenants can offer a safety net for investors, ensuring steady revenue even in challenging economic climates.

Joe Cornwell | Real Estate Background

Founder of Realty One Stop
Portfolio:
- 125 units
Based in Cincinnati, OH
Listen to his previous episodes:
- JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell
- JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell
Based in: Cincinnati, OH
Say hi to him at:
- Linktree

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Presario Ventures

Rentec Direct

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JF3328: Daniel Angel - From Ground Zero to $50 Million Oct 15, 2023

Show notes

In this episode, Daniel Angel of Atlanta-based Apex Development Group shared his journey from Colombia to multifamily real estate in the U.S. With a current portfolio valued at over $50 million, Daniel discussed the changing dynamics of value-add multifamily investing. He highlighted the evolving investor sentiment and the challenges of finding high-return deals in today's market.

Daniel Angel | Real Estate Background

Managing Partner / Apex Development Group
Portfolio:
- Mobile home communities (752 pads, $30MM AUM)
- Multifamily (360 units, $50M AUM)
Based in: Atlanta, Georgia
Say hi to him at:
- https://apexinvestments.us/
- LinkedIn
Best Ever Book: Who Not How by Dan Sullivan
Greatest Lesson: "Learning how to enjoy every step of the way, regardless of the situation."

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Presario Ventures

Rentec Direct

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JF3327: Tyler Lekas - 5 Mobile Home Park Investing Mistakes to Avoid Oct 14, 2023

Show notes

Seasoned investor Tyler Lekas breaks down the multifaceted world of mobile home park investing. Diving deep into the challenges, nuances, and key strategies of the trade, Tyler offers invaluable insights from his years of experience in the field. Whether you're a newbie or a seasoned pro, this discussion promises to shine a light on the pitfalls to avoid and the best practices to embrace.

Key Takeaways:

Operational Complexities Can Make or Break Returns: Many investors underestimate the myriad of operational challenges in mobile home park investing. From utilities to park-owned homes, it's essential to understand the intricacies of each variable. A miscalculation or oversight can drastically impact ROI.
Beware of Broker Assumptions: Not all brokers fully grasp the nuances of the mobile home park sector. As Tyler highlights, brokers may oversimplify challenges, like filling vacant pads. Investors need to perform thorough due diligence and avoid taking broker assumptions at face value.
Insurance is Paramount: Tyler emphasizes the importance of being adequately insured, especially in an asset class as unique as mobile home parks. From ensuring park-owned homes to understanding the complexities of general liability, proper insurance can save investors from potential pitfalls and unexpected costs.

Tyler Lekas | Real Estate Background

Co-Owner of MHCI Group
Portfolio:
- Mobile home communities (752 pads, $30MM AUM)
Based in: Little Rock, AR
Say hi to him at:
- LinkedIn
Best Ever Book: Extreme Ownership by Jocko Willink
Greatest Lesson: Owning MHCs is way more in-depth than just "owning the dirt and collecting lot rent". Do your due diligence into the asset class before diving in, so you don't bite off more than you can chew.

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Rentec Direct

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JF3326: Introducing The Best Ever Show’s Newest Podcast Host: Joe Cornwell Oct 13, 2023

Show notes

Ash Patel welcomes the newest host of the show, Joe Cornwell, a former police officer turned multifamily real estate investor from Cincinnati. Dive in to hear Joe's journey from wearing the badge to managing multifamily properties and the valuable lessons he's picked up along the way.

Key Takeaways:

The Power of Pivoting: Joe Cornwell's real estate journey began in 2015, marked by intentional decisions and shifts based on market dynamics and personal growth. Whether it was moving from the police force, starting in live-in flips, or transitioning to larger multifamily investments, Joe's story emphasizes the importance of recognizing opportunities and adapting accordingly.
Scaling and Growth: Joe's focus on multifamily properties, due to the economies of scale and efficiency, underlines the potential of commercial real estate investments. By stepping out of his comfort zone and consistently seeking larger deals, Joe exemplifies how to effectively scale in the real estate sector.
Balancing Active Business with Investments: As the market changes, so should an investor's focus. Joe shares his strategy of toggling between his general contracting business and real estate investments, providing listeners with a nuanced perspective on maximizing ROI and time.

Joe Cornwell | Real Estate Background

Founder of Realty One Stop
Portfolio:
- 125 units
Based in Cincinnati, OH
Listen to his previous episodes:
- JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell
- JF1330: BRRRR 101: Real Life Example Of Scaling Using This Famous Method Of Investing with Joe Cornwell
Based in: Cincinnati, OH
Say hi to him at:
- Linktree

Click here to learn more about our sponsors:

Presario Ventures

Rentec Direct

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF3325: 5 Mindset Shifts to Increase Your Investing Results | Passive Investor Tips ft. Travis Watts Oct 12, 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 shares five mindset shifts you can adopt to increase your investing results. From letting go of what’s not in your control to abandoning the scarcity mentality, Travis explores why most of us are living below our max potential.

Click here to learn more about our sponsors:

Presario Ventures

Rentec Direct

Learn more about your ad choices. Visit megaphone.fm/adchoices

JF3324: 3 Top Tips for Tenant Retention | Bonus Operations ft. Slocomb Reed Oct 11, 2023

Show notes

Bonus Operations is a series hosted by apartment owner/operator and Best Ever Show host, Slocomb Reed. In each five- to ten-minute episode, Slocomb provides his top takes for executing your business plan and maintaining cash flow.

In this episode, Slocomb Reed discusses the value of tenant retention for investors and landlords. He also shares four tips for retaining tenants and reducing turnover from his extensive first-hand experience owning multifamily properties.

Click here to learn more about our sponsors:

Presario Ventures

Rentec Direct

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JF3323: Darin Davis: Exploring the Dynamics of Austin’s Real Estate Market Oct 10, 2023

Show notes

Ash Patel sits down with seasoned real estate professional, Darin Davis, to unravel the intricate tapestry of Austin's commercial real estate scene. As the winds of change sweep across Austin, transforming it from a college town to a dynamic global business hub, Darin provides a deep dive into what investors need to know, highlighting the importance of passive income, strategies for navigating rising interest rates, and the power of focusing on foundational wealth.

Key Takeaways:

Austin's Evolution:
- Austin's transformation from a laid-back college town to an international business magnet, housing giants like Samsung, Tesla, and Oracle.
- Despite the rapid influx of businesses and people, Austin continually reinvents itself, preserving its unique charm while embracing modern advancements.
Strategies for the Current Market:
- The shift from ground-up development to focusing on bridge lending due to market changes.
- The imminent rise of discounted markets in Austin, positioning it as a prime location for savvy commercial real estate investors.
The Power of Passive Income:
- Darin's poignant personal journey emphasizes the indispensable role of passive income and foundational wealth in life's unpredictabilities.
- The critical distinction between transactional money-making and foundational wealth-building.

Darin Davis | Real Estate Background

Principal and Co-Founder, Presario Ventures
Portfolio:
- Multifamily
- Self-storage
- Retail
- NNN
Based in: Austin, TX
Say hi to him at:
- LinkedIn
- presarioventures.com
Best Ever Book: Bill O'Reilly's Killing Series
Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward.

Click here to learn more about our sponsors:

Presario Ventures

Rentec Direct

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JF3322: Joe Fairless and Ash Patel Share Their 4 Biggest Mistakes as Investors Oct 09, 2023

Show notes

Today’s episode is the audio from our September Cincinnati Meetup, featuring Joe Fairless, Ash Patel and Slocomb Reed. In the panel, the hosts discuss the keys to successful real estate investing. They stress the importance of recognizing one's strengths, forming strategic partnerships, and understanding the psychological aspect of investing. Their insights offer valuable guidance for real estate enthusiasts of all levels.

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Presario Ventures

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JF3321: Aaron Saunders: Maximizing Returns in Ground-Up Development Oct 08, 2023

Show notes

Slocomb Reed sits down with Aaron Saunders from Spartan Construction Management, a company specializing in ground-up construction, particularly in the self-storage sector. Aaron shares his background in construction and real estate investing, discussing his transition from single-family homes to multifamily limited partnerships. He also talks about the challenges and lessons learned from ground-up construction projects, including issues related to scope changes, material costs, and regulatory requirements from different municipalities. The conversation highlights the importance of due diligence in real estate investments and the need to plan carefully when embarking on ground-up construction projects.

Aaron Saunders | Real Estate Background

President - Spartan Construction Management
Portfolio:
- Mutliple Self-storage Properties
Based in: Golden, CO
Say hi to him at:
- www.spartanbuilt.com
- LinkedIn
Best Ever Book: Multipliers by Greg McKeown and Liz Wiseman
Greatest Lesson: "Hiring the wrong GC. I built 3 homes with the wrong builder and after 2 years and only one finished."

Click here to learn more about our sponsors:

Presario Ventures

Syndication Attorneys

Rentec Direct

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