The Best Ever CRE Show

Wyatt Simon of Full Circle Equity Partners shares his journey from aspiring NBA player to a successful real estate entrepreneur, revealing the strategies and challenges he faced while building his portfolio of 176 units. In this episode, we explore Wyatt's unique approach to real estate, including his transition from single-family homes to multifamily properties, his hands-on experience in property management, and how he developed his own direct to seller system. Key Takeaways: Starting Small and Scaling Up: Wyatt’s real estate journey began with a modest duplex, progressing to single-family homes, and eventually to large multifamily properties. He shares his methodical approach to scaling and some of the challenges he encountered in his early days of self-management. The Importance of Effective Property Management: Wyatt shares his transition from using third-party management to setting up his own management company, highlighting the challenges and learning curves involved in self-managing a large portfolio. Leveraging Direct Seller Systems for Better Deals: By setting up direct to seller systems and partnering with a business associate skilled in systems management, Wyatt was able to acquire more properties efficiently. This strategy highlights the importance of finding off-market deals and creating a reliable deal flow in the competitive real estate market. Wyatt Simon | Real Estate Background Principal at Full Circle Equity Partners Portfolio: 176 single family and multifamily units Based in: Omaha NE Say hi to him at:  fcequitypartners.com wyattsimon.com Facebook Best Ever Book: 7 Habits of Highly Effective People by Stephen Covey Greatest Lesson: Buying a single family home without inspections and being unaware that I needed permits to do the remodeling.    Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In the second episode of Multifamily Fundamentals, host Matt Faircloth, alongside real estate expert Justin Fraser, dives deeper into the essentials of multifamily investing. This episode is a treasure trove of knowledge for anyone from beginners to seasoned syndicators in multifamily real estate investment. The focus shifts to the nitty-gritty of structuring deals, investor relations, and making sound decisions in the multifamily arena. Key Takeaways: Structuring Deals and Understanding Splits: There's no hard and fast rule for structuring deals with investors. While industry standards exist, everything in a deal is negotiable. The episode emphasizes the importance of finding a balance in profit distribution among general partners (GPs) and investors, ensuring a win-win scenario. They debunk myths around fixed profit splits and advocate for flexibility to adapt to different market conditions and deal specifics. Investor Relations and Trust: Building trust with investors is paramount. The episode delves into the philosophy of treating investors' money with utmost respect and prioritizing their interests. Faircloth and Fraser stress the importance of being custodians of investors’ funds, focusing on risk mitigation, and delivering desirable returns. Decision-Making and Asset Management: The discussion highlights the thousands of decisions made in asset management, from minor fixes to significant renovations, and how each of these should be guided by what’s best for the investors. This includes prioritizing steady, trustworthy progress over high-risk, high-reward strategies. Negotiation and Communication: A significant portion of the episode is dedicated to the art of negotiation and transparent communication with investors. Understanding investors' expectations and crafting deals that meet these expectations is crucial for long-term success.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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 explores the key factors that should go into your decision to quit your W-2 job. He also shares that this path is not for everyone and truly depends on your investment and retirement goals.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Ash Patel interviews Adam Carswell from RaisingCapital.com. Adam shares his journey from semi-pro basketball to capital raising. He discusses the importance of due diligence, integrity, and legal aspects in capital raising, and highlights the value of networking and mentorship in real estate investing. Adam Carswell | Real Estate Background Director of Connections at RaisingCapital.com Based in: Tampa, FL Say hi to him at:  LinkedIn Best Ever Book: The Way of the Superior Man Greatest Lesson: Service above self.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jesse Futia, real estate brand advisor and co-founder of Fin Ghost, explains how to use LinkedIn to 10X your capital raising results. He emphasizes the importance of a strong digital presence, consistent posting, and relevant content to establish trust and attract higher investment contributions. Jesse shares his own experience engaging with potential investors through relatable content and the need for a personal touch in digital interactions. He also discusses the transformative role of social media, particularly LinkedIn, in capital raising and investor networking.

Joe Riley, CEO of Patriot Family Homes, discusses the dynamic world of short-term rentals, focusing on challenges and opportunities within this niche. He shares his thoughts on how the short-term rental industry will be impacted alongside economic decisions in 2024 and how owners can maximize profits going into the new year. Key Takeaways: Shift in Business Focus: Joe discusses the strategic shift from acquiring properties to acquiring short-term rental operators, a response to the challenges in real estate acquisitions due to fluctuating home prices, interest rates, and rising operational costs. Market Dynamics and Regulatory Impact: The episode highlights how market regulation levels significantly affect the short-term rental industry. Less regulated areas have seen a surge in supply, impacting investor returns, while tightly regulated markets like Savannah have been more stable. Advice in Maintaining Profitability: For short-term rental owners, Joe recommends diversifying listing platforms, adjusting booking strategies, and targeting medium-term guests during off-seasons to maintain high occupancy and revenue. Joe Riley | Real Estate Background CEO of Patriot Family Homes Portfolio: 550+ short-term rental units in 13 states  Based in: Chattanooga, TN Say hi to him at:  patriotfamilyhomes.com Greatest Lesson: Find your niche, and stay focused. Become the absolute best operator in that niche that you can be.   Check out Joe’s previous episode: 2738 - The Innovative Strategy to Scale Military Short-Term Rentals   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

William Edwards of GDD Invests explores his dynamic journey from small-scale beginnings to managing substantial real estate portfolios. William shares the steps he took to teach himself real estate investing, how he progressed from LP to GP deals, and the role local market knowledge can play in your investment deals. Key Takeaways: Transitioning into Real Estate Investing: William shares his journey from a 24-year career in ERP and CRM software to real estate investing. He shares the importance of capital preservation and asset diversification in response to economic uncertainties like the 2008 financial crisis and COVID-19. Strategies for Growth in Real Estate: William details his progression from limited partner investments to general partnerships in multifamily properties. He provides insights into the selection and management of multifamily units, with a focus on market knowledge and property type. Investing for Your Goals: William talks through the stages of his investing career. The deals he pursued always reflected the goals he had at the time, and his criteria changed over time to align with those goals. William Edwards | Real Estate Background Managing Partner at GDD Invest Portfolio: GP of 188 multifamily units LP of 5,000 multifamily units One self storage fund Land investments Based in: Charlotte, NC Say hi to him at:  LinkedIn Instagram gddinvest.com Best Ever Book: Tax-Free Wealth by Tom Wheelwright Greatest Lesson: Walk every unit.    Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Jeremy Kane of Patriot Capital Investments shares his journey from house hacking while in the military, to scaling up to 1,200 doors of multifamily in two years, to taking the lead on a 70,000 square foot ground up development industrial warehouse project. He shares creative strategies for putting yourself in front of potential investors and why he’s diversifying his portfolio into industrial.  Key Takeaways: Balancing Financing and Investment Strategy: Kane discusses the intricacies of financing commercial real estate projects, emphasizing the balance between loans, investors, and equity splits to achieve success. He also provides insight into the approach of building a 70,000 square feet industrial warehouse complex in San Antonio without loans, focusing on bringing in investors and potential refinancing for quick replenishment of funds. Creative Approaches to Capital Raising: Kane shares some unique ways he’s put himself in front of people with “expendable” income and business acumen, ideal investors for commercial real estate deals. Transitioning Strategy in Real Estate Ventures: Kane emphasizes the significance of transitioning between different real estate ventures, from smaller multifamily properties to midsize deals, and the importance of staying grounded and humble despite past successes. Jeremy Kane | Real Estate Background Patriot Capital Investments Portfolio:  1,200 multifamily units 3 residential properties Based in: Austin, TX Say hi to him at:  LinkedIn Best Ever Book: Atomic Habits by James Clear Greatest Lesson: Building your team with the right people that match your values and risk is okay if it’s calculated.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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. In the first episode of the Multifamily Fundamentals series, seasoned real estate professionals Matt Faircloth, Hervé Francois, and Justin Fraser delve into the Core Four method, unraveling the secrets behind scaling a successful multifamily real estate business. From discovering deals to underwriting, raising capital, and executing the business plan, they offer invaluable insights into the pivotal roles that drive long-term growth in commercial real estate. Key Takeaways: The Core Four Superpowers: Explore the critical roles of the hunter, brain, money, and hammer in multifamily real estate. Understanding these distinct roles and their interplay is pivotal for scaling and sustaining a successful business. Importance of Collaboration: Successful multifamily teams thrive on collaboration. While each role operates independently, their synergy and collective effort determine the success of a deal. Collaboration among hunters, brains, money managers, and hammers ensures a comprehensive approach. Roadmap to Success: Having a roadmap and educating yourself can significantly improve your chances of success. Learning from the bumps along the way, creating a solid roadmap, and staying confident can pave the way for real estate investors to achieve their goals and scale their businesses effectively.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

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 discusses the idea of creating your own economy and focusing on what’s in your control. We are constantly bombarded by headlines about the economy and real estate investing, and a lot of it impedes us from achieving our goals. So, Travis encourages you to change your perspective and think about what you can do to take control and make 2024 your best year yet.   Sponsors BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices