Best Real Estate Investing Advice Ever With Joe Fairless

Joe Cornwell interviews Randal McLeaird, a seasoned real estate investor and owner of Ridgeline Investment Group. Randal shares his journey into real estate, starting from his first deal in 2009 to scaling his flipping business and transitioning into multifamily investments. He discusses the mindset of new investors, the importance of understanding market trends, and the strategies that have worked for him over the years. The conversation also touches on the challenges and changes in the real estate market, especially during and after the COVID-19 pandemic. Randal emphasizes the need for Careful Consideration in investment decisions and the importance of understanding risks involved in real estate. He also outlines his current focus on acquiring small multifamily properties and expanding his single-family owner financing business. Randal McLeaird | Real Estate Background Ridgeline Investment Group & Agents Building Cashflow Based in: San Antonio, TX Say hi to him at: LinkedIn Sponsors: Altra Running Lea

Slocomb Reed interviews Josh Satin, managing partner of Gelt Venture Partners, who shares insights into his journey from professional baseball to real estate investment. Josh discusses his recent acquisition of a multifamily property in San Diego, detailing the business plan, value-add strategy, and the operational challenges faced in the current market. He emphasizes the importance of market knowledge over asset quality, shares lessons learned from past mistakes, and explains how he manages rising insurance costs. Josh Satin | Real Estate Background Partner and Chief Investment Officer at Gelt Venture Partners Based in: Los Angeles, CA Say hi to him at: LinkedIn Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Don Wenner, CEO of DLP Capital, aims to create a million affordable housing units and impact 100 million lives. He discusses DLP’s focus on long-term affordable housing for working families, building thriving communities, and supporting residents beyond housing. He explains DLP's shift from individual assets to an evergreen fund model, emphasizing the value of direct investor relationships and the RIA channel. Don advises operators to prioritize strong leadership, structure, and disciplined growth. He also stresses hiring an accountant or CFO, building an organized leadership structure, and empowering leaders. His goals include meeting investor returns, rapid growth, and expanding DLP’s banking platform. Don also shares tips on work-life balance and health for longevity. Don Wenner | Real Estate Background Founder & CEO of DLP Capital Based in: St Augustine, FL Say hi to him at: LinkedIn www.dlpcapital.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Slocomb Reed interviews Letitia Montelongo, a principal at Montelongo Capital, who shares insights into her journey in commercial real estate, focusing on multifamily and self-storage investments. Letitia discusses the challenges faced in the multifamily market, the transition into self-storage, and the importance of maintaining strong returns for investors. She also highlights her experience with ground-up construction and the strategic decisions made to diversify their portfolio. The conversation concludes with Letitia's perspective on the current state of commercial real estate and her contact information for interested listeners. Letitia Montelongo | Real Estate Background Montelongo Capital Based in: San Antonio, Texas Say hi to him at: Facebook LinkedIn Facebook Instagram Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Cruz interviews Yosef Lee, an attorney and multifamily investor, who shares his journey from being a South Korean immigrant to successfully managing 22 multifamily syndications. Yosef discusses his first full cycle deal, the importance of buying right, and how his legal background aids in syndications. He also addresses challenges in partnerships, the shift from being a general partner to a limited partner, and insights into asset management. Additionally, he shares his recent acquisition of a cafe and his plans to build a micro family office for diversified investments. Yosef Lee | Real Estate Background Y Lifestyle Design & Management Based in: New York, New York Say hi to him at: www.yosefhlee.com Facebook LinkedIn Instagram Tiktok Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Cornwell interviews Ross McArthur, owner of Follow the Deal Investments, who shares insights on his journey in real estate over the past year. Ross discusses the strategic decision to bring property management in-house, the challenges and successes of scaling his portfolio, and the evolution of his investment philosophy towards newer vintage properties. He reflects on lessons learned from past deals, including both successes and challenges, and emphasizes the importance of location and property condition in investment decisions. The conversation concludes with Ross's book recommendation and thoughts on future goals in the real estate market. Ross McArthur | Real Estate Background Follow the Deal Investments Based in: Indiana Say hi to him at: linkedin.com/in/rossmcarthur www.followthedeal.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Paula Nichols shares her journey from corporate America to becoming a successful real estate syndicator. She discusses the importance of strategic financial planning, the challenges of managing value-add projects, and the significance of effective property management. Paula also highlights her marketing strategies for leasing in Lubbock and reflects on how her perspective on multifamily investments has evolved over the years. Paula Nichols | Real Estate Background Apogee Capital Based in: Dallas, Texas Say hi to her at: www.apogeemfc.com www.linkedin.com/thepaulanichols Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Rinderknecht shares his unique journey from a ranching background to becoming the CEO and founder of Upgrade Partners Capital, focusing on multifamily real estate investments. He discusses the pivotal moments in his life, including a tragic car accident that shifted his perspective and led him to pursue entrepreneurship. Joe elaborates on his transition to fund management, the challenges faced during a significant deal, and the lessons learned about partnerships, communication, and the importance of surrounding oneself with experienced individuals. He concludes with actionable advice for aspiring investors, emphasizing the value of mentorship and open communication. Joe Rinderknecht | Real Estate Background Upgrade Partners Capital Based in: Logan, Ut. Say hi to him at: www.upcfund.com LinkedIn Instagram Instagram Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda Cruise and Ash Patel interview Jason Adams, owner and president of Signal Ventures, who shares his extensive experience in real estate development, particularly in self-storage and light industrial properties. Jason discusses the current state of the self-storage market, the intricacies of ground-up development, financial insights, and marketing strategies for stabilization. He also delves into adaptive reuse projects and the potential of existing facilities, while reflecting on his past experiences and future plans in the real estate sector. Jason Adams | Real Estate Background Signal Ventures LLC Based in: Bend, OR Say hi to him at: LinkedIn www.signalv.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

M.C. Laubscher and Matt Faircloth discuss the different strategies for getting wealthy and the importance of understanding the definitions of savings, investing, speculating, and gambling. They emphasize the need for a balanced approach to wealth-building, including having a savings or war chest for emergencies and opportunities. They also highlight the importance of education and understanding the asset class or investment strategy before investing. They caution against FOMO (Fear of Missing Out) and recommend focusing on JOMO (joy of missing out) to avoid making impulsive and risky investment decisions. M.C. Laubscher | Real Estate Background Producers Wealth/Cashflow Ninja Based in: Newtown, PA Say hi to him at: LinkedIn Sponsors: Altra Running   Learn more about your ad choices. Visit megaphone.fm/adchoices

Joshua Kahr shares insights from his extensive experience in commercial real estate, particularly in multifamily investments. He discusses his current focus on value-add deals, the importance of understanding market cycles, and the challenges of staffing in the current labor market. Joshua emphasizes the opportunities available in mismanaged assets and the lessons learned from past market disruptions, including the impact of COVID-19. He concludes with thoughts on the future of real estate investing and how to connect with him. Joshua Kahr | Real Estate Background Metropolitan America, Kahr Real Estate Services, Essex Suites Based in: Verona, NJ Say hi to him at: kahrrealestate.com LinkedIn essexsuites.com metropolitanamerica.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Amanda and Ash interview Charlie Cameron, a real estate investor specializing in residential assisted living. Charlie shares his journey from military service to real estate, emphasizing the growing demand for assisted living facilities. He explains the differences between traditional nursing homes and residential assisted living, detailing the operational aspects, staffing challenges, and financial considerations involved in running these homes. Charlie also discusses the importance of providing quality care, the potential for high returns on investment, and the future of the assisted living market. Charlie Cameron | Real Estate Background Open Range Capital & The RAL Room Based in: Woodbridge VA Say hi to him at: theralroom.com Sponsors: Altra Running   Learn more about your ad choices. Visit megaphone.fm/adchoices

Michael Manthei shares his transformative journey from a life dedicated to ministry to becoming a successful real estate investor. He discusses the ideological barriers he faced regarding wealth and success, the importance of obedience in his life, and how he navigated the challenges of real estate investing. Michael emphasizes the significance of community and mentorship in his current endeavors, highlighting the fulfillment he finds in helping others achieve their goals. Michael Manthei | Real Estate Background ELEVATE Investing Group Based in: 2000+ units Say hi to him at: www.investelevate.com Facebook Instagram Sponsors: Altra Running   Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Best Ever CRE Show, John McGeown, investor and property management expert, joins host Slocomb Reed. John shares his transition from heavy rehabs to value-add deals focused on efficient management, along with insights from managing over 1,200 units across Chicago. He dives into challenges with competitive deal flow, managing tenant expectations, and overcoming the rising costs in the Chicago market. John also makes the case for investing in Chicago, highlighting its economic diversity, historic architecture, and strong rental demand. John McGeown | Real Estate Background High Fidelity Property Management Based in: Chicago, IL Say hi to him at: www.highfidelityrealty.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Best Ever CRE Show, Sam Hales, CEO of the Saratoga Group, joins Amanda Cruise and Ash Patel to share his journey from single-family homes to managing nearly 7,000 mobile home pads. Sam discusses his strategic shift to mobile home parks, the importance of an in-house construction team, and his approach to adding value through infill and efficient management. He also offers insights into navigating challenges in a competitive market and the future of mobile home investments. Sam Hales | Real Estate Background Saratoga Group Based in: Knoxville TN Say hi to him at: LinkedIn Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Joe Cornwell interviews Karl Krauskopf, founder of Gold Multifamily, who shares his journey from a corporate job to becoming a full-time real estate investor. Karl discusses his experiences in scaling up from small multifamily properties to larger developments, the challenges of navigating the Seattle real estate market, and the impact of corporate policies on housing demand. He also shares a successful case study of a townhome project in Wenatchee, highlighting the strategies used to increase net operating income significantly. The conversation concludes with actionable advice for investors looking to plan for the future. Karl Krauskopf | Real Estate Background Gold Multifamily Portfolio:  85 Multifamily units Based in: Seattle, Washington Say hi to him at:  LinkedIn www.gold-mf.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Matt Faircloth speaks with Marc Halpern, a seasoned passive investor in syndication deals. Marc emphasizes the need for syndicators to present clear, concise information to limited partners (LPs) through a one-pager, covering key details like the project name, asset class, equity split, and target returns. He stresses respecting LPs' time, focusing on transparency, and providing investor-centric communication. Marc also shares advice on networking effectively, prospecting at investor conferences, and conducting thorough due diligence, highlighting the importance of clarity, realistic projections, and efficient deal presentations. Marc Halpern | Real Estate Background Part Time Investors LLC Based in: Williamstown, NJ Say hi to him at: www.PartTimeInvestorsLLC.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Slocomb Reed interviews Tony Lin, founder and CEO of Link Multifamily, who shares his journey from tech to real estate investing. Tony discusses his investment philosophy, focusing on multifamily properties as a basic need, and the importance of maintaining investor confidence during market downturns. He highlights recent acquisitions, strategies for tenant retention, and the challenges posed by inflation and decreased occupancy. Additionally, Tony elaborates on his mentorship program, Linfinity, which aims to educate aspiring investors on conservative investment practices. Tony Lin | Real Estate Background Link Multifamily Portfolio: Active lead GP on 860 units in Dallas, TX Passive investor in 17 deals, including over 4,000 multifamily units Investments in self-storage, student housing, commercial plumbing, blind funds, and new construction Based in: Fremont, CA Say hi to him at: www.linkmultifamily.com Sponsors: Altra Running     Learn more about your ad choices. Visit megaphone.fm/adch

Amanda and Ash welcome Matthew Ricciardella, the principal and managing partner of Crystal View Capital. Matthew shares his journey from residential flipping to managing over 25,000 units in mobile home parks and self-storage facilities. He discusses the importance of passive income, key performance indicators in management, and the strategies he employs to source off-market deals. Matthew also highlights the impressive returns his funds have delivered to investors and the challenges of navigating a competitive market. He emphasizes the significance of building strong relationships with investors and the lessons learned from scaling his business. Matthew Ricciardella | Real Estate Background Managing Partner & Principal at Crystal View Capital Portfolio: 100+ assets (self-storage and manufactured housing communities) 25K+ unit/sites managed $500M+ AUM Based in: Las Vegas, NV Say hi to him at: www.crystalviewcapital.com LinkedIn Sponsors: Altra Running   Learn more about your ad choices

Joe Cornwell interviews Tory Sheffer, a real estate syndicator with a successful track record in multifamily investments. Tory shares his journey from starting a playground construction company to becoming a real estate agent and eventually closing significant deals in the multifamily sector. He discusses his first major acquisition of 232 units, the challenges he faced in property management, and the lessons learned from various deals. Tory emphasizes the importance of confidence, taking action, and understanding the market dynamics to succeed in real estate investing. Tory Sheffer | Real Estate Background Sheffer Capital Portfolio:  250+ units, 12 properties Based in: Brighton, MI Say hi to him at: X.com LinkedIn Newsletter Sponsors: Altra Running   Learn more about your ad choices. Visit megaphone.fm/adchoices