The Best Ever CRE Show

Travis Watts, a full-time passive investor and host of Passive Investor Tips, shares the milk bucket strategy for automating passive investing. He discusses the concept of investing for financial independence and the importance of partnering with BAM Capital for easy management of passive income producing investments.

CRE expert Logan Freeman joins the podcast to discuss two bills proposed in Congress that target institutional investors. The bills aim to reduce their ability to own single-family homes. This episode provides insights into the proposed legislation and its potential impact on the housing market, rental rates, housing affordability, and the supply of housing. It also emphasizes the importance of considering local regulations and geographical locations for real estate investors.

Iven Vian, the Apartment Ninja Warrior with an 800+ unit portfolio, shares his wisdom about the importance of proactive asset management, being in alignment with your property management company, and facing the realities of real estate investment. Key Takeaways: Shift from Reactive to Proactive Management: Ivan highlights the critical importance of understanding how today's decisions impact the property's future, focusing on mitigating risks, and maximizing long-term profitability. The Business Mindset in Real Estate: Iven stresses that owning commercial real estate is not just about property ownership; it's about running a business. He dispels the myth that investing in real estate is a passive endeavor, highlighting the necessity of aligning ownership goals and involving property management companies as integral parts of the business strategy. Closing the Gap Between Expectations and Reality: Iven calls for transparency and realism in the industry, advocating for a more seamless transition from underwriting to property management. He believes in addressing misalignment in ownership teams, setting clear priorities, and ensuring all stakeholders have a deep understanding of the operational aspects of a property investment. Iven Vian | Real Estate Background Owner of Apartment Ninja Warriors Portfolio: 880 doors Based in: Oklahoma City, OK Say hi to him at:  Facebook anthemcp.com Instagram Best Ever Book: Think and Grow Rich by Napoleon Hill Greatest Lesson: If you're doing this as a GP or operator, you have to approach real estate as a business and treat it like one.   Check out Iven’s previous episode: 2702 - 4 Ways to Balance a Full-Time Job with Multifamily Investing   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Picheny, a real estate investor and coach with a portfolio of over 4,500 multifamily units, shares his strategies for navigating around increasing expenses, including evaluating your budget for potential savings, creating additional income where possible, and contesting property taxes when appropriate. Key Takeaways: Expense Reduction Strategies: Matt emphasizes the importance of scrutinizing every line item in the financials, questioning vendor relationships, and seeking opportunities to reduce expenses. He highlights negotiating insurance and taxes, renegotiating contracts, and in-house hiring for specific trades as effective methods to cut costs. Property Tax Contesting: Matt shares his experience with contesting property tax increases, emphasizing that it's an ongoing process. He discusses the alignment of interest with consulting firms that work on a contingency basis, ensuring that they only take on projects where savings are achievable. Acquisitions in the Current Market: Matt outlines his acquisition strategies for the current market, focusing on properties where he can assume seller debt and secure favorable financing terms. He also discusses the potential of new construction deals with advantageous financing, presenting them as the ultimate value-add opportunities. Matt Picheny | Real Estate Background Real Estate Investor & Coach Portfolio: 4,500+ multifamily units as a GP 7,000+ units as an LP Based in: Brooklyn, NY Say hi to him at:  picheny.com Best Ever Book: Principles by Ray Dalio Greatest Lesson: I should have bought rate caps on several deals as opposed to using variable rate debt. Check out Matt’s previous episode: 2679 - 5 Tips for Transitioning from LP to GP   Sponsors BV Captial BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Mike Deaton, founder of Flipping Dirt and Deaton Equity Partners, sheds light on the world of land flipping. His simple buy low, sell high strategy requires very little time and energy, and results in major profits. Key Takeaways The Formula for Simple Land Flipping: There are a variety of business models when it comes to land flipping. Mike’s strategy consists of buying properties significantly under market value, doing nothing to them, remarketing them, and selling them within 4 weeks for a hefty profit. There are very few outside parties and logistics involved. Marketing Tips for Land Deals: Mike shares his techniques for marketing and selling land properties quickly. He talks about the websites and platforms he uses to list properties, how and when he works with realtors, and how he approaches conversations with buyers. The Tax Advantages of Multifamily: After seeing such success with land flipping, Mike’s tax bill was less than ideal. He decided to diversify his portfolio by investing in multifamily to take advantage of the tax and depreciation benefits that asset class brings. Now, his tax bill is near zero.   Mike Deaton | Real Estate Background Founder of Flipping Dirt and Deaton Equity Partners Portfolio: $1M in land holdings 1,000 multifamily units Based in: Woodland Park, CO Say hi to him at:  flippingdirt.us cashflowfightclub.com Best Ever Book: Mindset by Carol Dweck Greatest Lesson: the current financial environment is providing tons of learning   Check out Mike’s previous episode: 2710 - 4 Strategies to Scale as a Multifamily Syndicator   Sponsors BV Captial BAM Capital     Learn more about your ad choices. Visit megaphone.fm/adchoices

Ross McArthur, co-founder of Follow the Deal Investments, shares his journey in CRE investing, from being terrified to invest in a four-unit property in 2020 to closing 15 deals in 15 months to establish a 600 unit portfolio today. Key Takeaways Treating Real Estate Like a Business: Even if investing is just a side hustle for you, treat it like a business, not a hobby. This means organizing your operations, setting up dedicated email accounts, and implementing proper accounting and tracking software from day one. Strategic Team Building: The key to building a great team is hiring where you’re weak. You don’t have to hire a full team at 40 hours a week right away. Ross shares the transformative impact that hiring a part-time CFO and partnering with a real estate-focused CPA has had on his business and overall bottom line. The Power of Cash Out Refinancing and Local Banks: Ross increased his portfolio by 100 units in 12 months by utilizing the cash out refinance method and building relationships with local banks who gave him favorable financing terms. In today’s environment, having a good relationship with your local credit union may make the difference in getting a deal done or not. Applying a Sales Process to Your Investing Business: Ross has developed relationships with several key brokers in his market. He calls each of them several times a month to review their pipeline, analyzing new deals and returning to ones he may have passed on previously. This gives a steady pipeline of deals to underwrite and off-market access to potential properties.   Ross McArthur | Real Estate Background Follow the Deal Investments Portfolio: Multiple multifamily properties in Indiana Based in: Indiana Say hi to him at:  LinkedIn followthedeal.com Best Ever Book: The Decision by Kevin Hart Greatest Lesson: You have to treat real estate investing like a business, not a side hobby. And that means having some form of accounting and tracking software, having a specific email set up, basic things to keep yourself organized like a business.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate expert Corey Peterson shares his journey of becoming a master of scaling in the multifamily industry. He reveals valuable insights and strategies for success, emphasizing the importance of curiosity and learning from others. Corey discusses various aspects of commercial real estate investing, from engaging with investors to navigating challenges like rising interest rates.  Key Takeaways The Power of Curiosity and Learning: Corey emphasizes the significance of asking questions and seeking advice from experienced individuals in the field. Being a master copier, he advocates for continuous learning and staying humble, as it's crucial for growth and success in commercial real estate. Effective Investor Engagement: Corey shares his approach to working with investors, highlighting that many are more interested in the operator's track record than chasing high returns. He stresses the importance of quantifying your pitch deck and demonstrating clear value to potential investors. Navigating Market Challenges: Corey provides valuable insights on dealing with challenges like rising interest rates and handling distressed assets. He encourages open communication with lenders, getting lean during tough times, and being prepared for potential capital calls to weather market fluctuations.   Corey Peterson | Real Estate Background CEO and Founder of Kahuna Investments Portfolio: 3,000 units/beds valued at over $250 million Based in: Chandler, AZ Say hi to him at:  kahunainvestments.com LinkedIn Greatest Lesson: Become a master copier of those you admire and want to follow. Past episodes featuring Corey Peterson - JF3240, JF1631 Don't forget to grab Corey's latest book, Trust But Verify: The Passive Investor's Guide to Evaluating Real Estate Syndicators by texting "trust" to 480-500-1127 for a comprehensive guide to vetting syndicators and making informed investment decisions.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys 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. On this episode of Passive Investor Tips, Travis Watts shares his journey from a dangerous oil and gas job to a safer, fulfilling career through passive income investments. His story illustrates how passive income can provide more life options and freedom, emphasizing its importance for a better work-life balance. Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

Commercial real estate expert, Reid Bennett, joins host Paul Mueller to discuss the trends and challenges that investors should keep an eye on as they navigate the complex landscape of commercial real estate in 2024. From rising insurance premiums to supply chain issues, Bennett shares valuable insights that will help investors make informed decisions in the coming year. Key Takeaways The Three Ds of Selling: Bennett emphasizes the importance of monitoring owners' motivations, often driven by "death, disease, or divorce," which can lead to opportunities for investors. Additionally, lenders are facing tough decisions as debt service coverage ratios drop, potentially resulting in distressed property sales. Timing the Market: Bennett advises investors not to try to time the market's bottom but instead to focus on deals that make sense with today's debt. He highlights the potential for deals to work out well even with current interest rates, stressing the importance of realistic assumptions. Prepare for Distressed Opportunities: With a prediction of increased distress in 2024, Bennett suggests that investors act swiftly when opportunities arise. He cautions against overestimating rental increases and expense reductions, advocating for a conservative approach to assumptions. Reid Bennett | Real Estate Background National Council Chair of Multifamily Properties for SVN, a full-service commercial real estate franchisor of the SVN® brand comprised of over 1,600 commercial real estate advisors and staff that continues to expand across the globe. Multifamily real estate broker who works without council to serve multifamily clients in over 170 markets around the country. Based in: Chicago, IL Say hi to him at:  LinkedIn Twitter Best Ever Book: Insider’s Edge to Real Estate Investing by James L. Nelson Greatest Lesson: Hire a coach, and if you don't have an admin, you are one.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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. As a real estate investor or operator, you don’t get to decide when maintenance issues and emergencies rear their ugly heads. To protect your business plan, your property, and your tenant’s happiness, the best time to address maintenance issues is before they arise. In this episode of Bonus Operations, Slocomb Reed shares tips and stories about why keeping up routine maintenance is essential to your success.   Sponsors CRE Daily BV Captial BAM Capital Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices