Best Real Estate Investing Advice Ever

Podcasts

Welcome to the world's longest-running, DAILY commercial real estate investing podcast hosted by Joe Fairless. Joe went from buying $35,000 single-family homes to controlling over $1,900,000,000 worth of large apartment communities in under a decade. Commercial real estate is a compelling investment option, but knowing where to look and who to listen to can be overwhelming — especially when your money and legacy are on the line. The Best Real Estate Investing Advice Ever Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors looking to succeed in commercial real estate. Build wealth, build a legacy, and do more good in the world.

Location:

United States

Genres:

Podcasts

Description:

Welcome to the world's longest-running, DAILY commercial real estate investing podcast hosted by Joe Fairless. Joe went from buying $35,000 single-family homes to controlling over $1,900,000,000 worth of large apartment communities in under a decade. Commercial real estate is a compelling investment option, but knowing where to look and who to listen to can be overwhelming — especially when your money and legacy are on the line. The Best Real Estate Investing Advice Ever Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors looking to succeed in commercial real estate. Build wealth, build a legacy, and do more good in the world.

Language:

English

Website:

http://joefairless.com/

Email:

theo.bestever@gmail.com

Episodes

JF3531: Unveiling Financial Discrepancies and Mastering the Art of Multifamily Financial Due Diligence — The Due Diligence Show ft. Mark Teravella

5/5/2024

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. In this episode, Mike Taravella highlights the importance of financial due diligence in multifamily real estate investing. He stresses verifying financial reports against bank statements to identify discrepancies or fraud. Sponsors: SyndicationAttorneys Baselane InvestHER

Duration:00:27:10

JF3530: Building Financial Foundations for Passive Investors and Understanding Active and Passive Investment Roles ft. Whitney Elkins-Hutten

5/4/2024

Whitney Elkins-Hutten discusses her dual role as the Director of Investor Education at passiveinvesting.com and the founder of Ash Wealth. She focuses on educating busy professionals on how to manage and grow their investment portfolios, emphasizing the importance of financial foundations for successful investing. Her work supports investors in multifamily units, self-storage units, and car washes, aiming to help them achieve better financial outcomes while continuing their professions. Whitney Elkins-Hutten | Real Estate Background https://www.linkedin.com/in/whitneyelkinshutten/AshWealth.comhttps://www.facebook.com/WhitneyHuttenInvesting Sponsors: Viking Capital Baselane InvestHER

Duration:00:24:47

JF3529: Surviving Rising Interest Rates, Tax Abatement Strategies, and the Impact of Market Cycles on Real Estate Investments ft. Rick Martin

5/3/2024

Rick Martin, founder of Fortress Federation, discusses adapting to market changes amid rising interest rates and investor uncertainty. He shares risk mitigation strategies like tax abatement deals and underwriting, while emphasizing real estate's long-term value and the importance of giving back. Rick Martin | Real Estate Background www.fortressfederation.comLinkedIn Sponsors: Viking Capital Baselane InvestHER

Duration:00:31:08

JF3528: Scaling Mobile Home Park Investments, Strategic Hiring Practices, and Why Strong Leadership Is the Key to Real Estate Success ft. Pasha Esfandiary

5/2/2024

Pasha Esfandiary, CEO of Evoke Capital, discusses the growth of his mobile home park business, emphasizing strategic hiring, investor relations, and clear communication. He focuses on markets in Georgia, Alabama, and Texas, advocating for tenant-owned homes. Pasha advises new investors to work with experienced operators and highlights the importance of reading people in both real estate and poker. Pasha Esfandiary | Real Estate Background https://www.linkedin.com/in/pashaesfandiary/https://www.facebook.com/pesfandiaryhttps://www.instagram.com/pashaesfandiaryhttps://www.evokecapital.net/ Sponsors: Viking Capital Baselane InvestHER

Duration:00:30:17

JF3527: Build-to-Rent Townhomes vs. Traditional Value-add and How to Break Into Ground-Up Infill Development ft. Josh Green

5/1/2024

Josh Green focuses on build-to-rent townhome developments in Salt Lake City, highlighting their demand post-COVID and benefits like tax advantages and lower costs. He emphasizes flexible investment timelines and the importance of a skilled team for successful projects. Josh Green | Real Estate Background www.linkedin.com/in/joshgreen/www.alchemydev.comwww.thetraverseway.comwww.youtube.com/@AlchemyDesignDev Sponsors: Viking Capital Baselane InvestHER

Duration:00:22:50

JF3526: Navigating Hotel Investing, Maximizing Revenue with PIPs, and Transitioning to Multifamily Investments ft. Hait Patel

4/30/2024

Hait Patel from the DeRosa Group discusses his experience in hotel and multifamily property acquisitions. He covers the challenges and trends in the hospitality industry, the impact of Airbnb, and the shift towards boutique hotels. Patel also explains the advantages of multifamily investing, noting its lower risk and broader market appeal, and emphasizes the importance of long-term investment strategies and portfolio diversification. Hait Patel | Real Estate Background LinkedIn Sponsors: Viking Capital Baselane InvestHER

Duration:00:40:17

JF3525: Cash-Flowing from Day One While Playing the Long Game in Mobile Home Park Investing ft. Joshua Condado and Colin Davis

4/29/2024

Joshua Condado and Colin Davis, full-time nurses who also invest in mobile home parks, join host Joe Cornwell on the Best Ever Show. In this episode, Joshua and Colin discuss starting in single-family residential real estate before leveling up into medium-sized mobile home parks. They share their strategies for building relationships to secure off-market deals, how creative financing allows them to cash flow from day one, and how they invest in real estate while maintaining their careers as nurses, at least for now. Joshua Condado and Colin Davis | Real Estate Background https://www.alldayinvestments.co/https://www.instagram.com/investingrnpod/https://www.investingrn.co/ Sponsors: Viking Capital Baselane InvestHER

Duration:00:29:51

JF3524: The RIGHT Way to Conduct a Proper Multifamily Lease Audit — The Due Diligence Show ft. Sean Thompson

4/28/2024

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. In this episode, Sean Thompson, director of property management operations at Property Management Stewards, joins Slocomb to discuss how to properly conduct a multifamily lease audit. Sean Thompson | Real Estate Background https://www.linkedin.com/in/seanthompson1022 Sponsors: Viking Capital Baselane InvestHER

Duration:00:23:51

JF3523: Distressed Deals, Outsourcing vs. In-House Property Management, and the Variances in Triple-Net Leases ft. Calvin Chin

4/27/2024

Calvin Chin, founder of Zen Coast Capital, joins host Ash Patel on the Best Ever Show. In this episode, Calvin discusses the pain points of outsourcing property management, acquiring a $21 million 150-unit multifamily property, and capitalizing on distressed deals in 2024. He also discusses branching out beyond multifamily, testing the waters of triple-net leases, and more. Sponsors: Viking Capital Baselane InvestHER

Duration:00:25:36

JF3522: Investor Sentiment in 2024, Affordable Housing, and the Demographic Tailwinds Driving Mobile Home Parks ft. Chris Larsen

4/26/2024

Chris Larsen, founder of Next Level Income, joins host Slocomb Reed on the Best Ever Show. In this episode, Chris discusses affordable housing, opportunistic investing, and the demographic tailwinds that drive mobile home parks. He also explains why, when he used to underwrite 100 deals to find a great deal, he’s now underwriting 400 before he finds one. Chris Larsen | Real Estate Background https://www.linkedin.com/in/nextlevelincome/https://www.instagram.com/thenextlevelincomeshow/https://nextlevelincome.com/podcast/ Sponsors: Viking Capital Baselane InvestHER

Duration:00:26:01

JF3521: The Unsung Heroes Most Responsible for Executing Your Value-Add Business Plan ft. Kyle McKinney

4/25/2024

Kyle McKinney, CRE investor and founder/coach at Pentagon Property Academy, joins host Slocomb Reed on the Best Ever Show. In this episode, Kyle discusses the nuances of asset management, including the division of labor between property managers and asset managers and why asset managers are the experts most responsible for executing a value-add business plan. Sponsors: Viking Capital Baselane InvestHER

Duration:00:29:56

JF3520: The Worst Thing You Can Do at a Conference and the Science Behind Finding Partners and Building a Team ft. Liz Faircloth

4/24/2024

Liz Faircloth, co-founder of InvestHER, joins host Slocomb Reed on the Best Ever Show. In this episode, Liz discusses her background in personality assessments, including the importance of identifying personality drivers, visionaries vs. integrators, and why you should seek opposite personalities when targeting partners, employees, brokers, and more. Previous Episode: JF2780: How Empowering Women in Real Estate Benefits Everyone Liz Faircloth | Real Estate Background https://investhercon.therealestateinvesther.com/ Sponsors: Viking Capital Baselane InvestHER

Duration:00:33:27

JF3519: Why Self-Storage Is Like Netflix, Raising Rents without Losing Tenants, and the Key to Creating Value ft. Jacob Vanderslice

4/23/2024

Jacob Vanderslice, principal of VanWest Partners, joins host Ash Patel on the Best Ever Show. In this episode, Jacob provides a comprehensive look at the state of self-storage. He breaks down the impact floating-rate debt has had on the sector, how securing financing has changed, and the changing face of self-storage demand. He also shares how he navigates the tricky world of rate increases with his tenants. Previous Episode: JF2537: Why NOT to Invest in Self-Storage Jacob Vanderslice | Real Estate Background https://www.vanwestpartners.com/LinkedIn Sponsors: Viking Capital Baselane InvestHER

Duration:00:48:06

JF3518: Lies in the Media, Shocking the Market, and Why Retail Is on Fire While Multifamily Struggles — Best Ever Roundtable

4/22/2024

In this episode of the Best Ever Show, hosts Ash Patel, Slocomb Reed, and Joe Cornwell convene for another Roundtable. In this episode, the guys recap their biggest takeaways from the Best Ever Conference, including why interest rates aren’t coming down anytime soon, how the media’s clickbait culture has misled investors, and why retail vacancy is at an all-time low and non-residential real estate is on fire while the multifamily sector continues to struggle. Get your tickets to Best Ever Conference 2025 here. Sponsors: Viking Capital Baselane InvestHER

Duration:00:43:14

JF3517: Cheat Codes to Accurately Assess Capital Expenditure Needs Ahead of an Acquisition — The Due Diligence Show ft. John Wilhoit, Jr.

4/21/2024

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. In this episode, John Wilhoit Jr., an asset manager who owns 10,000 units, joins Slocomb to discuss how to assess capital expenditure needs ahead of an acquisition, including a case study breaking down what he’d expect in an old building, the challenges that property would provide, and how to overcome them. Previous Episode: JF140: How Much do Multifamily Asset Managers Get Paid? Sponsors: Viking Capital Baselane

Duration:00:25:53

JF3516: Tax Mistakes Investors Make that Drive CPAs Crazy, and How to Avoid Them ft. Kiyoshi Simon and Amanda Han

4/20/2024

Kiyoshi Simon and Amanda Han join host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss tax compliance, financial health checks, and why your tax strucutres need to evolve along wiht you and your real estate business. They also share the tax mistake investors make that drive CPAs crazy, and how to avoid them. Sponsors: Viking Capital Baselane

Duration:00:25:21

JF3515: The Retail Boom, Rent Control Risks, and the Truth About the Housing Shortage ft. John Chang

4/19/2024

John Chang, head of research at Marcus and Millichap, joins host Joe Cornwell on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, John discusses the state of commercial real estate, including why retail is so hot right now, the state of the office market, and why multifamily investors in certain markets should be wary of rent control risks. He also breaks down the housing shortage, providing historical context and the truths most overlook. Sponsors: Viking Capital Baselane

Duration:00:30:31

JF3514: Partner Hunting, Avoiding FOMO, and Learning from Master Capital Raisers at the Best Ever Conference ft. Liam Delumpa and Ian Cruz

4/18/2024

Investors Liam Delumpa and Ian Cruz joined host Slocomb Reed on the Best Ever Show from the Best Ever Conference in Salt Lake City. In this episode, they discuss the conference experience, including networking, partner hunting, and the value of gaining knowledge from fellow investors who are on the ground every day, doing the work. They also discuss learning from master capital raisers, doing your first out-of-state multifamily deal, and not buying out of FOMO. Liam Delumpa and Ian Cruz | Real Estate Background Sponsors: Viking Capital Baselane

Duration:00:24:23

JF3513: Secrets to Finding Good Property Management, Understanding Your Weaknesses, and Diversifying into Income Streams ft. Matt Fore

4/17/2024

Matt Fore, partner at Next-Level Income, joins host Joe Cornwell on the Best Ever Show. In this episode, Matt discusses finding good property managers and the keys to building a successful partnership. He also shares his strategy for getting tech professionals to invest in his deals, the benefits of diversifying into income streams, and why he’s currently bullish on mobile home parks. Matt Fore | Real Estate Background Icecreamwithinvestors.comNextlevelincome.comTwitter Sponsors: Viking Capital Baselane

Duration:00:32:33

JF3512: Bringing Co-GP Equity to Deals and the Evolution of GP–LP Splits ft. Mark Purtell and Preston Hartsell

4/16/2024

Mark Purtell and Preston Hartsell of CTC Capital Management join Slocomb Reed on the Best Ever Show. In this episode, Mark and Preston discuss bringing co-GP equity to deals, when to focus on IRR, and what kind of IRRs they’re currently targeting. Mark Purtell and Preston Hartsell | Real Estate Background https://ctccapitalmanagement.com/ Sponsors: Viking Capital Baselane

Duration:00:29:17