The Best Ever CRE Show

In this episode of the Best Ever Show, hosts Ash Patel, Slocomb Reed, and Joe Cornwell convene for another Roundtable. In this episode, the guys recap their biggest takeaways from the Best Ever Conference, including why interest rates aren’t coming down anytime soon, how the media’s clickbait culture has misled investors, and why retail vacancy is at an all-time low and non-residential real estate is on fire while the multifamily sector continues to struggle. Get your tickets to Best Ever Conference 2025 here. Sponsors: Viking Capital Baselane InvestHER Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, John Wilhoit Jr., an asset manager who owns 10,000 units, joins Slocomb to discuss how to assess capital expenditure needs ahead of an acquisition, including a case study breaking down what he’d expect in an old building, the challenges that property would provide, and how to overcome them.   Previous Episode: JF140: How Much do Multifamily Asset Managers Get Paid? Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Tax experts Kiyoshi Simon and Amanda Han discuss common mistakes investors make in real estate taxes, the importance of evolving tax structures, and how to avoid driving CPAs crazy. They highlight the significance of strategic financial planning, partnering with CPAs, and the necessity of open communication for effective tax planning and business growth.

John Chang, head of research at Marcus and Millichap, joins host Joe Cornwell on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, John discusses the state of commercial real estate, including why retail is so hot right now, the state of the office market, and why multifamily investors in certain markets should be wary of rent control risks. He also breaks down the housing shortage, providing historical context and the truths most overlook. Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Investors Liam Delumpa and Ian Cruz joined host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss the conference experience, including networking, partner hunting, and the value of gaining knowledge from fellow investors who are on the ground every day, doing the work. They also discuss learning from master capital raisers, doing your first out-of-state multifamily deal, and not buying out of FOMO. Liam Delumpa and Ian Cruz | Real Estate Background Manager of Finance at a Venture Capital Firm Based in:  San Jose, CA Say hi to him at:   IG: @cincycashflow Best Ever Book: Atomic Habits by James Clear Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Fore, partner at Next-Level Income, joins host Joe Cornwell on the Best Ever Show. In this episode, Matt discusses finding good property managers and the keys to building a successful partnership. He also shares his strategy for getting tech professionals to invest in his deals, the benefits of diversifying into income streams, and why he’s currently bullish on mobile home parks. Matt Fore | Real Estate Background Next Level Income Based in:  Nashville, Tennessee Say hi to him at:  Icecreamwithinvestors.com Nextlevelincome.com Twitter Best Ever Book: The Last Lecture by Jeffrey Zaslow Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Mark Purtell and Preston Hartsell of CTC Capital Management join Slocomb Reed on the Best Ever Show. In this episode, Mark and Preston discuss bringing co-GP equity to deals, when to focus on IRR, and what kind of IRRs they’re currently targeting. Mark Purtell and Preston Hartsell | Real Estate Background Head of Real Estate Acquisitions and Development | CTC Capital Management Based in:  Chicago, IL Say hi to him at:  https://ctccapitalmanagement.com/ Best Ever Book: The Gambler: How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History by William Rempel Sponsors: Viking Capital Baselane   Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Parrott, Director of Acquisitions for Suncap Real Estate, discusses his background and entry into real estate, as well as his focus on flex industrial and grocery anchored retail assets in the Southeast. He explains the advantages of investing in flex industrial properties, such as predictable supply and affordability for tenants. Parrott also shares a case study of a successful investment in Elk Mountain Business Park. He discusses the strategy for investing in grocery anchored retail centers and the importance of underestimating insurance rates. Parrott recommends the book 'Faith Driven Investing' and highlights the Fellowship of Christian Athletes as an organization he supports. Takeaways: Flex industrial properties offer predictable supply and affordability for tenants. Investing in grocery anchored retail centers can provide higher yields and lower risk. Underestimating insurance rates can lead to unexpected expenses in real estate deals. The book 'Faith Driven Investing' explores the intersection of faith and business. The Fellowship of Christian Athletes is an organization that Michael Parrott supports. Michael Parrott | Real Estate Background Director of Acquisitions at SunCap, Founder of Mill Ridge Based in:  Pompano Beach, Florida Say hi to him at:  LinkedIn https://suncapfund.com/ Best Ever Book: Mastering the Market Cycle by Howard Marks Sponsors: Viking Capital Baselane   Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Due Diligence Show, a new Best Ever series featuring deep dives into every aspect of the due diligence process. In this series, our host, Slocomb Reed, will interview expert guests to uncover their stories, tips, and strategies to give you the information you need to master the due diligence process. In this episode, Jonathan Bombaci, founder of Candor Realty, joins Slocomb to discuss his due diligence process, specifically how to discover creative value-add opportunities. Jonathan Bombaci | Real Estate Background Real Estate / Business Owner Based in:  Lowell MA Say hi to him at:  https://www.facebook.com/simplifiedREImeetup/ https://www.candorealty.com/ Best Ever Book: The 4-Hour Workweek by Timothy Ferriss Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Jon Siegel, co-founder and chief investment officer at RailField Partners, joins Slocomb Reed on the Best Ever Show. In this episode, Jon discusses the fundamentals of acquisitions, including how to find deals in 2024, the importance of building relationships with brokers, and how to get your offers accepted in a competitive environment. He also shares his strategies for getting from an accepted LOI to the closing table. Jon Siegel | Real Estate Background Partner & Chief Investment Officer | Railfield Based in: Bethesda, MD Say hi to him at:  https://www.railfieldrealty.com/ Linkedin Best Ever Book: Confederacy of Dunces by John Kennedy Toole   Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices