The Best Ever CRE Show

Today, Theo Hicks and Travis Watts will be answering the question, “Is Multifamily in a Bubble?” and sharing their insights about whether you should be investing right now? Or should we wait for the bubble to pop and take advantage of opportunities? Moreover, what should we be doing? They will also tackle the question, “Is now a good time to get started in Multifamily?” We get to know who we are potentially selling to, what the buying pool and the demand will look like, and the importance of an exit strategy. Click here for more info on groundbreaker.co    We also have a Syndication School series about the “How To’s” of apartment syndications, and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening, and I will talk to you tomorrow. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's Syndication School episode, Theo Hicks talks about why and when to bring apartment property management in-house. He will be basing this episode on the presentation given by the founder of Ashcroft capital Frank Roessler at the Best Ever Conference 2021. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening! Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

Karen spent over 25 years in the traditional investment business. Her specialty was helping clients with fixed income. Since interest rates have plummeted in the past decade, Karen started looking for new investment opportunities for her clients. That’s why she left the traditional business and turned to the real estate market. She started with single-family properties. But since her focus was on helping people mitigate risk, she went on to pursue multifamily property investment. She had the right skill set, so the transition was easy. Karen Oeser Real Estate Background: She left 25 years of traditional investing experience to pursue real estate Have been investing in single-family for a few years and recently transitioned into multifamily Portfolio consist of 3 single-family rentals and seeking new multifamily deals Based in Greenville, SC Say hi to her at: www.eastlightinvest.com  Best Ever Book: Hidden Investing - Holly Williams Click here for more info on groundbreaker.co  Best Ever Tweet: “I started with single-family, and that is a really great way to get your toe in the water ” - Karen Oeser. Learn more about your ad choices. Visit megaphone.fm/adchoices

John’s background is in engineering. In the 1990s, he took his engineering degree to get a job in the finance sector. Later, he joined the New York Stock Exchange. Transitioning into real estate was an easy choice after he flipped his primary residence that was purchased back in the 1990s. His focus is now on multifamily syndications. He knew that it was a big jump in terms of capital required to run that business, so he started looking for a mentor and a team. John C Paniagua  Real Estate Background: Works at the NYSE full-time in regulatory technology software development 3 years as a flipper and 1 year as a GP/LP in 3 multifamily syndications Portfolio consists of 3 syndications  Based in Rego Park, NY Say hi to him at: https://www.onewayholdingsllc.com/  Click here for more info on groundbreaker.co  Best Ever Tweet: “When you build a team, you definitely want to not supplement each other but complement each other” - John C Paniagua Learn more about your ad choices. Visit megaphone.fm/adchoices

Scott is a CEO of BiggerPockets, and Mindy is the Community Manager. Together they wrote a book for first-time homebuyers, helping them avoid rookie mistakes.  They focus on primary resident homeowners who have a lifetime worth of earnings and savings to work with. They teach people how to spend their money without severely impeding their ability to make other investments. Scott and Mindy  Real Estate Background: Scott is CEO of BiggerPockets Mindy is the Community Manager for BiggerPockets Scott has 6 years of REI experience while Mindy has 20+ years Scott’s Portfolio consists of 3 multifamily projects Mindy has 9 live-in flips, 2 rentals, a mobile home park, and a few syndications  Based in Denver, CO Say hi to them at: www.biggerpockets.com/homebuyerbook      Click here for more info on groundbreaker.co  Best Ever Tweet: “You’re spending hundreds of thousands of dollars in most markets. You should know what you’re doing” - Mindy Jensen. Learn more about your ad choices. Visit megaphone.fm/adchoices

Matthew started his real estate journey at 16 when he purchased a two-family home with his grandmother’s money. Four years later, he bought another property that was a challenge to manage. That experience taught him a lot of lessons that he applied later in his career. With two other partners, he acquired a two-family house that he managed and renovated. After buying several more units, getting a construction license, and founding a property management agency, they were still looking for new opportunities. That’s when Matthew met a new investor and future partner who helped them take the business to a new level.   Matthew Tortoriello Real Estate Background: Full-time real estate investor and property manager 25+ years of real estate experience Portfolio consists of 250 units, flipped 100, & wholesaled over 200 Based in Springfield, Mass Say hi to him at: www.yellowbrick.org  Best Ever Book: Recession Proof RE Investing       Click here for more info on groundbreaker.co  Best Ever Tweet: “Don’t focus on learning everything because you’ll never learn everything. You’ll learn a lot along the way” - Matthew Tortoriello.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Aurelien started his real estate journey in 2013 after getting inspired by David Azrieli, a Canadian real estate mogul. He picked up some books on the topic and started by acquiring a fourplex. A couple of years ago, he got interested in mobile parks and pursued that market. Now he has properties in both Canada and the US. We discussed the differences between managing a mobile park and regular multifamily properties. We also talked about the value of strong personal relationships and rapport when working in the real estate business. Aurelien Bonin Real Estate Background: Founder of The Mindful Investor 7 years of real estate experience Portfolio consists of 60 units in Canada from single family to 8-plex, 11 pad mobile home park in Arizona Based in Ontario, CA Say hi to him at: www.themindfulinvestor.net  Best Ever Book: Confessions of a Real Estate Investor        Click here for more info on groundbreaker.co  Best Ever Tweet: “Rapport is key in our industry” - Aurelien Bonin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today Theo and Travis will be answering the podcast listeners’ questions. They cover the topics of cap rates and return split structure. Even though some deals may look great on the surface and offer you great returns, you still have to do your due diligence and make sure that you know what you’re getting into. Theo and Travis provide examples showing how easily the numbers can be skewed or manipulated when it comes to projected returns. We also have a Syndication School series about the “How To’s” of apartment syndications, so be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening. Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's episode, Theo Hicks introduces a new host of the Best Real Estate Investing Advice Ever podcast show, Ash Patel. His background is in IT, and he stumbled upon the world of real estate because of the tax advantages. In 2011, he purchased his first property, a mixed-use building. Pretty quickly he noticed that the commercial part of the building required way less involvement on his side, while the residential apartments always needed additional investment of time and money. From then on, his biggest focus was on acquiring more commercial properties. Ash has a wide span of qualifications. He does his own property management, chases his deals, and invests in bigger projects with Joe. He is a great addition to the podcast, so be sure to check the interviews he’ll be doing! Click here for more info on groundbreaker.co  Learn more about your ad choices. Visit megaphone.fm/adchoices

Moneeka was aware of the real estate business opportunities since she was a child. Following the American Dream, her parents saved their hard-earned nickels and dimes to buy properties. She graduated college during the recession and started a real estate business of her own. Moneeka used cash gifted at her wedding as a down payment for her first property. From then on, her real estate business took an intuitive path. 27 years later, Moneeka’s portfolio value is over $12M. Being based in San Jose, California, she specializes in buying executive houses for great long-term renters, and she secures her renters before investing her money into a new property. Moneeka Sawyer  Real Estate Background: Full-time Podcast host and Investor 27 years of investing experience Portfolio consist of 5 executive homes, also started a ground-up construction project Current portfolio value is about $12M Based in San Jose, CA Say hi to her at: www.blissfulinvestor.com  Best Ever Book: The One Thing - Gary Keller Click here for more info on groundbreaker.co  Best Ever Tweet: “Everybody has stress and money issues. Do you want poor people money issues, or rich people money issues?” - Moneeka Sawyer. Learn more about your ad choices. Visit megaphone.fm/adchoices