JF1288: Making Money With Partnerships & Distressed Assets with Larry Friedman and Frank Sanchez
Release Date: 03/13/2018
JF3683: Mastering New Construction & Value-Add Deals — Insights from Greenville’s Real Estate Pro ft. Arn Cenedella
The Best Ever CRE Show
On this episode of the Next Level CRE Show, Matt Faircloth interviews Arne Cenedella about staying spry in body, mind, and business as they age. Arne shares his daily workout routine and the benefits he experiences from staying physically active. They also discuss Arne's real estate ventures, including smaller syndication deals and build-to-rent projects. Arne explains the advantages of buying new construction properties and the differences in underwriting between older and newer buildings. The conversation explores the differences between new construction and value-add multifamily...
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JF3682: Scaling with Cash-Out Refinances and Navigating Anchorage’s Tight Multifamily Market ft. Jesse Janssen
The Best Ever CRE Show
Jesse Janssen shares his journey from a banking career to becoming a multifamily real estate operator in Anchorage, Alaska. He discusses the unique characteristics of the Anchorage market, including its stability and growth potential, as well as the challenges and opportunities in real estate investing. Jesse emphasizes the importance of building a strong team and relationships in the industry, and he provides insights into the current economic landscape and insurance challenges faced by property owners. Sponsors:
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JF3681: From TV Producer to Multifamily Investor — Seller Financing, Full-Cycle Success, and Surviving Market Shifts ft. Brian Heller
The Best Ever CRE Show
In this episode, Joe Cornwell interviews Brian Heller, founder and CEO of Fairway Equities, who shares his journey from the entertainment industry to real estate investing. Brian discusses his experiences as both a limited partner (LP) and general partner (GP) in multifamily investments, highlighting key lessons learned along the way. He provides insights into a successful full cycle deal, the challenges faced in the current real estate market, and offers advice for investors looking to navigate the evolving landscape in 2024. Brian also touches on his background in reality TV production,...
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JF3680: Syndication Horror Stories, Declining Capital Calls, and the Opportunity in Suburban Office ft. BiggerPockets CEO Scott Trench
The Best Ever CRE Show
Scott Trench, CEO of BiggerPockets, joins hosts Ash Patel and Amanda Cruise on the Best Ever CRE Show. In this episode, Scott discusses his conservative investing strategy, including his LP investments in syndications that haven’t gone as planned. He also discusses the state and future of multifamily syndications, how he’s navigated capital calls as an LP, and why someone who has never lost money is dangerous to invest with. Scott is an economist at heart, so he shares his insights on the Fed, interest rates, and the economic factors that will likely impact commercial real estate in the...
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JF3679: The Case for Build-to-Rent vs. Multifamily Value-Add — a Semi-Debate ft. Andy McMullen
The Best Ever CRE Show
Andy McMullen, CEO of Legacy Acquisitions, joins host Slocomb Reed on the Best Ever CRE Show. In this episode, Andy discusses developing build-to-rent in the southeast, why the time horizon to build in a certain market is among the most crucial factors when choosing BTR markets, and why he prefers BTR to multifamily value-add. Slocomb — a multifamily owner/operator — plays devil’s advocate, challenging Andy on BTR assumptions and strategies, and Andy fires back with the details and nuances his team focuses on to give them a competitive advantage. Sponsors:
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JF3678: Using Future Cash Flow to Get Nearly $6.5 Million in Up-Front Financing ft. Shane LaFave
The Best Ever CRE Show
Shane LaFave, executive vice president of Roers Companies, joins host Joe Cornwell on the Best Ever CRE Show. In this episode, Shane discusses the development aspect of his business, specifically finding land to purchase for new developments, how he’s able to build right now when other developers are struggling, and what he looks for in a land deal. He also provides a step-by-step breakdown of a $45 million deal he did in his backyard in Minnesota, including how he used Minnesota’s tax increment financing program to get nearly $6.5 million in additional up-front financing. Sponsors:
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JF3677: Sewage, Septic Systems, and Other Adventures in Mobile Home Park Investing ft. Cindy Hook
The Best Ever CRE Show
Cindy Hook of Sonos Capital joins Amanda Cruise and Ash Patel on the Best Ever CRE Show. In this episode, Cindy discusses buying mobile home communities across the country, how their team manages communities across different markets, and how to get started in raising capital. She also discusses lessons she’s learned in managing mobile home parks, including septic and sewage issues that threw a major wrench in her early deals. Sponsors:
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JF3676: ‘The Party Is Over, the Free Money Is Gone’ — Rock ‘n’ Roll, STRs, and the Changing Face of CRE ft. Luke Carl
The Best Ever CRE Show
In this episode of Next Level CRE on the Best Ever CRE Show, Luke Carl, a short-term rental specialist who dabbles in multifamily, joins host Matt Faircloth. Luke is a legit rock star in both music and real estate. In this episode, he shares the secrets to scaling an STR portfolio through vertical integration, how he structures his bank accounts to account for CapEx (without paying himself), and how he builds long-term wealth to become “bulletproof.” He also discusses the short- and long-term forecast in the STR space, and why he believes the floodgates are about to open. Sponsors:
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JF3675: The Secret Sauce Behind the Boring, High-Cash Flow Sector Most Investors Avoid ft. Andy Weiner
The Best Ever CRE Show
Andy Weiner, president of RockStep Capital, joins hosts Amanda Cruise and Ash Patel on the Best Ever CRE Show. In this episode, Andy gives an absolute masterclass on retail investment, focusing on enclosed malls and power centers. He shares the misconceptions around Amazon’s impact on retail, why going tenant-by-tenant is the best way to forecast NOI with mall spaces, and why owning a second-generation power center is a good bet in today’s world. Seriously … if you’re looking to invest in retail, this is an absolute must-listen. Sponsors:
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JF3674: Creating $10 Million in Multifamily Value in One Year and Raising Capital for Hard Money Loans ft. Dan Costantino
The Best Ever CRE Show
Dan Costantino — a value-add multifamily operator, hard money lender, and managing member at Achieve Capital Partners — joins host Slocomb Reed on the Best Ever CRE Show. In this episode, Dan shares how his real estate side hustle became his full-time gig, from raising capital from passive investors for hard money lending to scaling into multifamily deals. He also discusses the process of vertically integrating via in-house property management, why he finds himself saying No more and more often, and how his firm has created $10 million in value on multifamily deals in just one year....
info_outlineFrank and Larry had a third partner in the past, the three of them grew a firm from 0 to 500 agents in 10 years. Once that relationship began to sour, they went separate ways. Frank and Larry tell us what to look out for to avoid getting into a bad partnership. We’ll also hear about their latest business of acquiring distressed assets through their real estate fund. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!
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“Knowing the numbers is crucial” - Larry Friedman & Frank Sanchez
Larry Friedman and Frank Sanchez Real Estate Backgrounds:
-Co-Founders of SDF Capital, real estate investment firm focused on acquiring distressed real estate assets
-Larry is responsible for financially structuring property acquisitions, asset diligence and disposition strategies.
-Frank is responsible for all property acquisitions, dispositions and overall investment strategy.
-Say hi to them at http://www.sdfcapitalllc.com/
-Based in New York, NY
-Best Ever Book: Never Split the Difference
Join us and our online investor community: BestEverCommunity.com
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