Best Real Estate Investing Advice Ever With Joe Fairless

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, Travis Watts emphasizes the importance of saving a percentage of take-home pay during working years. Inspired by Mr. Money Mustache (Pete), the episode covers the FIRE movement and suggests increasing savings rate for earlier retirement. It also mentions tools like Baseline for managing finances and investments needed to retire, using a 5% annual return and living on 4% of the portfolio's value as assumptions. Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

This edition of the Best Ever Roundtable — featuring hosts Ash Patel, Slocomb Reed, and Joe Cornwell — turns into a debate of sorts as the hosts discuss the recently proposed NAR settlement. Ash shares personal stories of realtor experiences, both in residential and commercial, and argues that the proposed settlement could put an end to the “racketeering” and “collusion” that exists in the industry. Socomb and Joe — both brokers — take the other side, with Slocomb defending realtors and Joe highlighting who the biggest losers in the settlement, should it come to fruition. Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Ryan Smith, principal at Elevation Capital Group, joins host Joe Cornwell on the Best Ever Show. In this episode, Ryan discusses his upbringing in real estate, investing in mobile home parks and self-storage, and investing through multiple market cycles. He also breaks down the state of self-storage and the four key points he uses in his underwriting process.   Repeat Guest: JF1868: Investor Creates Software To Better Manage Real Estate with Ryan Smith   Sponsors: Viking Capital Baselane9 Learn more about your ad choices. Visit megaphone.fm/adchoices

Rob Powell, CEO and Principal of RESOLUT Real Estate, joins host Slocomb Reed on the Best Ever Show. In this episode, Rob discusses how he missed out on building a mobile home park portfolio by having unrealistic expectations and overnegotiating. He also shares his strategy behind buying cash, residential vs. non-residential commercial real estate, and why you should fall in love with the numbers, not the asset. Rob Powell | Real Estate Background CEO and Principal, RESOLUT RE Based in:  Austin, TX Say hi to him at:  https://www.linkedin.com/in/robpowell/ https://resolutre.com/ Best Ever Book: 10X is Easier Than 2X - Dan Sullivan and Dr. Benjamin Hardy Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Irwin Boris, senior vice president of investments at Heritage Capital Group, joins host Ash Patel on the Best Ever Show. In this episode, Irwin and Ash nerd out on the nuances of industrial real estate, including small-bay flex, outfitting spaces for unique tenants, why Irwin covets “wheel-and-spoke” markets. Irwin also shares his thoughts on the current economic climate and explains why he’s selling a 500-unit multifamily property despite it not being the best time to sell. Irwin Boris | Real Estate Background Heritage Capital Group Portfolio: 7MM SF of industrial, small bay flex and 500 units of legacy multifamily Based in: Ridgewood, NJ & Bozeman MT Say hi to him at:  LinkedIn Instagram 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. Sandhya Seshadri, a Dallas-based apartment syndicator and asset management coach, shares insights on multifamily property due diligence, focusing on physical, financial, and environmental assessments. With over 1400 apartments under management, she emphasizes hiring third-party experts for unbiased due diligence, examining physical condition, lease agreements, and financials to avoid surprises and ensure projections meet investor expectations Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Dave Allred, CEO of Axia Partners, joins host Joe Cornwell on the Best Ever Show. In this episode, Dave — a self-proclaimed deal junkie — discusses how he landed TopGolf on a NNN lease, how he reverse-engineered his goals to achieve lifestyle freedom, and why he’s excited about the opportunity that exists right now. He also explains how, even though his heart is in multifamily, he has expanded by being opportunistic in other asset classes. Repeat Guest: JF2555: Half a Million by 25 with Dave Allred   Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Andrew McNair, president and founder of Swan Capital, joins host Ash Patel on the Best Ever Show. In this episode, Andrew discusses the danger of investing with syndicators with short track records, working with (and marketing to) retirees, and the power of diversification. He goes on to discuss how, as a fund manager, he’s vetted syndicators in the past, and how that process has changed over time during a challenging economic climate. Andrew McNair | Real Estate Background President & Founder of SWAN Capital Portfolio: Mutli-Family, RV Parks, Storage, Short Term, Industrial. Based in:  Pensacola, FL & Daphne, AL Say hi to him at:  www.swan-capital.com LinkedIn   Sponsors: Viking Capital Baselane 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 todays episode, Travis Watts emphasizes the importance of diversification, understanding market trends, and the value of patience and consistent investing strategies to achieve long-term financial success. Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome the the Best Ever midweek news brief, a new series where we will highlight the top headlines CRE investors should be paying attention to this week, followed by a deep dive on a larger news topic or trend alongside a CRE expert. Today’s Headlines: Denver is on Fire: Despite its high home prices relative to the national average, Colorado’s Capital has taken the top spot in U.S. News’s recent list of the nation’s 20 hottest housing markets.  Minneapolis Captivates Renters: Renters searched for apartments in Minneapolis more than any other market in February. Apartment searches in Minneapolis grew a staggering 234% compared to February last year. Dallas Owns Industrial: Dallas led the industrial sector in terms of deliveries in 2023, with almost 61.9 million square feet delivered across 177 properties, more than doubling the average pace nationally.   Today’s Guest: Has the CRE market hit the bottom? Some big players seem to think it has. Goldman Sachs said last week that it’s read

Igor Shaltanov and Nikita Volchek, founders of Avista Fund, join host Slocomb Reed on the Best Ever Show. In this episode, Igor and Nikita discuss the nuances of operating a fund, including how they align the interests of the investors and fund managers and how funds can negotiate favorable terms for investors. Igor Shaltanov and Nikita Volchek | Real Estate Background Founder/Managing Partner of Avista Fund Portfolio: 3,200+ multifamily units, cumulative value of over $500MM Based in: Los Angeles, California Say hi to him at:  https://www.linkedin.com/in/igor-shaltanov-13682b43/ Best Ever Book: Book: Think and Grow Rich by Napoleon Hill Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Zamir Kazi, CEO of ZMR Capital, joins host Slocomb Reed on the Best Ever Show. A college dropout who learned how to renovate properties by watching YouTube, Zamir now has 50 properties with more than 10,000 units under management. In this episode, Zamir discusses the “perfect storm” that has given rise to distress, his 200-plus unit buy box, and why he’s being patient and waiting for the right time — which he says is coming — to buy in the face of the wave of upcoming distress. Zamir Kazi | Real Estate Background CEO of ZMR Capital Portfolio: $1.75B+ assets currently under mgmt. 8,000+ units. Based in:  LA and Tampa, FL Say hi to him at:  LinkedIn Best Ever Book: Shoe Dogs by Phil Knight   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. Charles Seamen, a real estate syndicator focused on multifamily, joins host Slocomb Reed on the Best Ever Show for another installment of the Due Diligence Show. In this episode, Charles highlights five crucial steps in financial due diligence — steps that could cost you BIG if you skip them or don’t execute them properly. These include reviewing lease audits (and evaluating them properly), reviewing service contracts, what’s actually included in the sale (tools, equipment, inventory, etc.) and more.  Sponsors: Viking Capital Baselane Learn more about your ad choices. Visit megaphone.fm/adchoices

Neil Wahlgren, a partner at MAG Capital Partners, joins host Ash Patel on the Best Ever Show. In this episode, Neil discusses risk mitigation in single-tenant industrial, focusing on the importance of credit analysis and vetting a business’s financials. He also evaluates the current industrial real estate market, the state of industrial lending, and explores how his firm handles expiring leases for long-term tenants.   Neil Wahlgren | Real Estate Background Partner, MAG Capital Partners Portfolio: Industrial NNN-leased Real Estate, Short term rentals, MF Syndications Based in:   San Francisco, CA Say hi to him at:  https://www.linkedin.com/in/neilwahlgren/ https://magcp.invportal.com/signup Best Ever Book: Tools of Titans by Tim Ferriss   Sponsors: Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Chad King, CEO and founder of Titan Capital Group, joins host Ash Patel on the Best Ever Show. In this episode, Chad discusses his GP portfolio, which consists of $106 million AUM across multiple asset classes. An expert underwriter, he also shares his strategy behind losing out on deals today to buy distress tomorrow, how to buy right in self-storage, and the opportunity available now in the office sector. Chad King | Real Estate Background CEO and Founder of Titan Capital Group Portfolio: 855+ MF units, 210 self storage units, 3 mobile home parks, 2 office buildings and limited partner on 100+ million RE Based in: Nashville TN Say hi to him at:  https://titancapitalgroupllc.com/ Sponsors: Viking 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. On this episode of Passive Investor Tips, Travis Watts discusses the impact of Wall Street and corporations like Amazon entering the single-family real estate market. It covers the advantages for investors and homeowners due to increased demand, but highlights the negatives for first-time buyers and renters competing with major entities.   Sponsors: Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

JD Gray, president of Cadon Ridge Advisors, joins host Joe Cornwell on the Best Ever Show. In this episode, JD shares how he got started in real estate, including the importance of finding a great mentor and cutting his teeth on a value-add self-storage deal. He also discusses using debt and equity to scale into bigger projects, his direct-to-seller strategy for finding off-market deals, and building relationships with banks to get favorable financing terms. JD Gray | Real Estate Background President of Cadron Ridge Advisors LLC Portfolio: 400 single and multi-family rental units, storage units, recreational and residential land development. Based in:  Conway, Arkansas Say hi to him at:  www.linkedin.com/in/jdgraycra Best Ever Book: Traction by Gino Wickman   Sponsors: Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Linda Lim, founder and CEO of Essential Element Capital, joins host Slocomb Reed on the Best Ever Show. In this episode, Linda discusses shifting your strategy when deals don’t pencil, the nuances of investor relations in a challenging economy, how investor sentiment has changed in value-add multifamily, and anticipating market shifts in 2024-25.   Linda Lim | Real Estate Background Founder & CEO of Essential Element Capital Multifamily Syndication, Fund Manager, and Distribuitor. Portfolio: Over $100MM AUM with over 400 doors. Based in: Pasadena, CA Say hi to her at:  www.essentialelementcapital.com http://linkedin.com/in/lindalim88 Sponsors: Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Danny Bramer, founder of The Cash Flow MD, joins host Ash Patel on the Best Ever Show. After an autoimmune condition robbed him of his ability to practice anesthesiology, Danny turned to real estate investing. In this episode, Danny discusses operating a fund of funds, the nuances of raising capital from physicians, and the questions passive investors should ask before investing in a fund of funds. Danny Bramer | Real Estate Background CashFlowMD Physician by training, full time entrepreneur for a living. Portfolio: MF, Hotel, NNN, MHP, Car Wash, Self Storage. Based in: Louisville, Ky Say hi to him at:  https://linktr.ee/thecashflowmd   Sponsors: Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the first episode of 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 kickoff episode, Dax Ferguson, CEO of Heritage Construction and Consulting Services, joins Slocomb to discuss the most common due diligence mistakes investors make, including skipping units during a unit walk, not scoping plumbing lines, not doing a thorough lease audit, and more.   Sponsors: Monarch Money My1031Pros Viking Capital Learn more about your ad choices. Visit megaphone.fm/adchoices