The Best Ever CRE Show

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. 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 discusses the financial benefits of moving to states with lower or zero income taxes in the United States. He shares his personal experience of moving to Florida for tax savings, housing affordability, and lifestyle improvements. The episode explores factors to consider when evaluating such a move, like income, housing, and employment, and provides examples of potential tax savings based on different scenarios, highlighting the ongoing trend of people relocating to tax-friendly states. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Ash Patel engages in a captivating conversation with Darin Davis, principal and co-founder of Presario Ventures, based in Austin, Texas. Together, they explore the evolving landscape of commercial real estate investing, with a particular focus on the multifamily sector. Darin shares his extensive 22-year journey in the real estate industry, revealing how he transitioned from a corporate background to become a pioneering multifamily investor. Key Takeaways: The Art of Acquiring at a Discount: Darin emphasizes the importance of purchasing properties at a discount. By not overpaying and targeting Class A properties in areas with strong demographics and job growth, investors can secure solid returns. Economic Perspectives and Predictions: Darin recalls the challenges faced during 2008-2010 and how his team successfully navigated through the economic downturn. He offers predictions on interest rates and provides insights on the looming economic headwinds, suggesting investors should be prepared for current rates to hold for the next three years. Importance of Due Diligence and Trust: The discussion highlights the critical role of due diligence in safeguarding investor interests. Darin touches on the HUD insured loan program, its benefits, and its application. The necessity of establishing and maintaining trust with investors is also underscored.   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 Syndication Attorneys     Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Andy Sinclair delves deep into the strategies that have catapulted Midloch to success, discusses the importance of diversification in property types, and offers predictions about the future of interest rates and investment approaches in uncertain markets. Key Takeaways: Value of Diversification: Sinclair emphasizes the importance of diversifying across property types, explaining the risks and potential rewards of focusing on multifamily, commercial, retail, and industrial real estate. He offers insights into how being versatile can provide protection against market fluctuations. Strategic Debt Management: Understanding and managing debt is paramount. Sinclair shares Midloch's strategy of stress-testing deals and the importance of not overleveraging. He highlights the interplay between fixed interest rates, future buyers, and market conditions. Liquidity and Preparedness in Uncertain Times: Sinclair underscores the importance of staying liquid and the challenges and opportunities it presents in the current economy. He provides a forward-looking perspective on accumulating "dry powder" to capitalize on future property investments. Andrew Sinclair | Real Estate Background CEO and Principal of Midloch Investment Partners Portfolio:  $600 million+ of JV interests in multifamily and commercial real estate mainly in the Midwest Based in: Milwaukee, WI Say hi to him at:  LinkedIn Best Ever Book: Game of Edges by Bruce Schoenfeld Greatest Lesson: There is nothing wrong with having a little cash on hand. You will never regret it when you need it. Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Dive into a deep discussion with Rebekah Taylor, partner in Taylored Investments, as she shares her journey from house hacking in Lynchburg, Virginia to partnering with top-class operators in the commercial real estate space. In this episode, we uncover the importance of due diligence, the impact of current market conditions, and the broadened horizons of real estate investing beyond traditional multifamily units. Key Takeaways: Holistic Investment Approach: Rebekah emphasizes the importance of not only investing in one's finances but also in personal health, family, and spiritual growth. She cautions against being solely driven by financial gains and urges investors to recognize the value in other aspects of life. Current Market Trends & Debt Structures: The shifts in interest rates and the resulting impact on multifamily investments are highlighted. Rebekah touches upon the challenges faced with current debt structures, particularly for those who took short-term interest rates in recent years. The Power of Partnership & Due Diligence: Rebekah's strategic partnership in a residential assisted living facility showcases the significance of teaming up with experienced operators. She stresses the value of thorough due diligence and learning from each investment experience to grow and adapt in the real estate landscape. Rebekah Taylor | Real Estate Background Partner at Taylored Investments Portfolio:  120 multifamily units as a GP 437 multifamily units as an LP LP in fund of funds that controls 225 properties with mobile home parks, self-storage, and multifamily  9 units of SFR and small multifamily Strategic partner in a 125-bed assisted living facility Based in: Lynchburg, VA Say hi to her at:  Linktree LinkedIn Best Ever Book: The Go-Giver by Bob Burg Greatest Lesson: Hope for the best & plan for the worst by having multiple income streams for unexpected job losses.   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Derek Vickers shares his journey from manual labor jobs to dominating the mobile home park space. Join us as Derek dives deep into his experiences, shedding light on the pitfalls to avoid, the importance of systems, and the transformative power of hiring right in the commercial real estate realm. Key Takeaways: The Pitfalls of Rapid Growth: Derek emphasizes the dangers of growing too fast in commercial real estate. Without the right systems in place, it's easy to lose money and find oneself overwhelmed. Preparing and scaling responsibly is paramount to sustainable success. The Power of Systems and Processes: Derek's experience highlights the importance of establishing robust systems early on. From noting step-by-step processes to ensuring checks and balances for managerial roles, these systems can save investors from significant losses. Overcoming Limiting Beliefs in Hiring: Hiring the right team can make or break your real estate business. Derek's initial hesitations about bringing in help, rooted in limiting beliefs, later transformed into an understanding of the invaluable role a supportive team plays. Especially when scaling, the right hires can be game-changers. Derek Vickers | Real Estate Background CEO of Vicktory Investments and Owner of Park Investing Pros Portfolio:  1,926 mobile home park pads Based in: Orlando, FL Say hi to him at:  Free Checklist: How to Structure Your First MHP Investment The MHP Show Best Ever Book:  Zeckendorf by William Zeckendorf Greatest Lesson: Don’t grow too quickly. Establish systems and processes along the way, so you can handle the growth when you do decide to scale.   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys Learn more about your ad choices. Visit megaphone.fm/adchoices

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.   The Best Ever Book Club is a special monthly series hosted by Best Ever founder Joe Fairless. In each insightful episode, Joe dives into influential books that shape the world of investing, exploring key principles, strategies, and lessons to enrich both the seasoned investor and the curious novice. In this episode, Joe unravels the wisdom found in The Catalyst by Jonah Berger, delving into what it takes to reduce barriers and remove roadblocks to change. He discusses how the book's lessons can be applied to real estate and personal growth, inspiring listeners to reflect on their own financial paths and aspirations. If you would like to join the book club and participate live, go to www.bebookclub.com to sign up!   Click here to learn more about our sponsors: Presario Ventures Syndication Attorneys     Learn more about your ad choices. Visit megaphone.fm/adchoices

Chris Giorgi, an experienced overseas investor, joins Slocomb Reed to discuss his journey into the world of real estate investing. From the challenges of managing long-distance real estate deals to the intricacies of syndication, Chris shares a wealth of insights for commercial real estate investors looking to expand their portfolios and understanding. Key Takeaways: Clarity and Trust: When investing long-distance, it's crucial to establish clear communication and build trust with your local representatives. Chris emphasizes the importance of having a property manager who's also a realtor. Syndication Due Diligence: Don't just jump into syndications. Understand the debt structures, management plans, and exit strategies. Also, actively seek out and learn from experienced voices in the syndication space. Stay Flexible in Your Strategy: While there are several established strategies in real estate investing, Chris advises not to become dogmatic. It's essential to remain adaptable, question everything, and mold your approach based on changing circumstances and market conditions. Chris Giorgi | Real Estate Background Overseas investor and contractor for the U.S. Army Portfolio:     31 units of single family, duplexes, fourplexes, and apartments 20+ syndications as an LP Based in: Hohenfels, Germany Say hi to him at:  LinkedIn Best Ever Book: The Hands-Off Investor by Brian Burke Greatest Lesson: Don't be so dogmatic about never selling. Always evaluate your properties, especially as it refers to turn on equity, and make decisions that are best for your portfolio.   Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

From the challenges of project budgeting and dealing with the unexpected twists of 2021, to the importance of conservative underwriting and the role of refinance, Sean Tagge offers a goldmine of insights into multifamily investing. Slocomb Reed facilitates a compelling discussion that also explores the mental and leadership aspects crucial for any investor's success. Key Takeaways: Budgeting Realities: Recognize that going over budget can sometimes be part of the game. Use data and experience to predict and manage these situations, especially when external factors like rising material and labor costs come into play. Conservative Underwriting & Refinancing: Approach underwriting  conservatively. Sean shares how refinancing can significantly affect your IRR and why it's vital to ensure your deals work out even without relying on refinance. Leadership in Real Estate: Embrace your role as a leader in commercial real estate. Understanding and respecting the influence you have on others, from your team to your clients, can make or break your success in the industry. Seth Tagge | Real Estate Background Founder of Acorn Equity and Acquisitions Portfolio: 650 multifamily units Based in: Salt Lake City, UT Say hi to him at:  Acornea.com LinkedIn YouTube Best Ever Book: The Big Leap by Gay Hendricks Greatest Lesson: Treat others as you would want to be treated when acting as their boss. You have so much influence over others as a leader. Don’t waste it.   Click here to learn more about our 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. Although you technically don’t need to know how to underwrite a deal in order to be an LP, it can give you a huge advantage in choosing the best deals for your goals. In this episode, Travis explains the basics of underwriting that LPs should know before investing in a deal.   Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

From starting in college with a 12-unit apartment complex to managing multimillion-dollar portfolios in Austin and Michigan, David Toupin shares his vast experiences, challenges, and the software solution he developed for the industry. Key Takeaways: The Power of Opportunistic Investment: David emphasizes the importance of being asset agnostic and open to opportunities in various sectors of real estate, from multifamily to industrial, and everything in between. Challenges with National Tenants: Delve into a real-world challenge David faced with a national tenant in one of his commercial properties. The discussion provides insights into lease negotiations, corporate guarantees, and strategies for damage control. Introducing Real Estate Lab: David shares the inception and capabilities of his software platform, Real Estate Lab. Designed as an all-encompassing tool, it aids investors in managing their entire real estate portfolio, from acquisition to exit.   David Toupin | Real Estate Background Owner of Real Estate Lab and Toupin Holdings Portfolio: $140M of multifamily and commercial assets Based in: Austin, TX Say hi to him at:  Instagram realestatelab.com Best Ever Book: Never Split the Different by Christopher Voss Greatest Lesson: Staying open to opportunities regardless of asset class. You can make money in anything if you buy right.   Click here to learn more about our sponsors: BAM Capital Learn more about your ad choices. Visit megaphone.fm/adchoices