How to Handle Bad News, with Jorge Abreu
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Jorge Abreu, multifamily investor with a portfolio across Texas and the Midwest. In this episode, we dive into navigating today's CRE market, transitioning from C-class to A-class properties, and how to syndicate the right way in 2024. Learn more about Jorge and his story at ! “There is the age of the property and then the location. So you could have a C class property in a B or A location.“ 01:00 Jorge began his real estate career by investing in value-add, C-class multifamily properties, eventually...
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Passive Investing 101, with Christopher Price
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. In today’s episode, we dive deep into passive investing with Christopher Price, founder of Red Fox Multifamily. We learn about how to get started as a passive investor, what questions to ask from an operator, and how to evaluate a deal. Join us and start your passive investing journey today! Learn more about Christopher and his story at ! “I'm a pharmaceutical executive by day, but a real estate investor by night.” 01:00 Christopher worked as a pharmaceutical executive for 20 years. He then transitioned into real estate...
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How to find your dream lender, with Vessi Kapoulian
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Vessi Kapoulian, real estate investor and the founder of Dream Believe Achieve Capital Group. In our conversation, we dive into how to build solid relationships with lenders, Vessi’s top underwriting tips, and strategies for finding decent deals in today’s tough CRE market. Join us! Learn more about Vessi and her story at ! “Anytime I approach a new project or occupation, I always want to find purpose.” 01:00 Vessi started her career in commercial lending and transitioned to commercial real estate...
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Avoiding Large Project Pitfalls, with Scott Jolly
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, we deep into the world of high-level asset management with our guest, Scott Jolly, founder of Site Consulting Specialists. You'll learn Scott's 3-step renovation process, discover tips for finding top-notch contractors, and gain insights into extending the life of your properties through proper maintenance. Learn more about Scott and his story at ! “I've been in construction since I was about 12 years old.” 01:00 Scott's journey in construction began at a young age, starting at 12 through his grandfather's business....
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The Art of Building Your Network, with Micah Walje
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Micah Walje, a project developer, with more than 20 years of construction experience. In our conversation, we'll explore the best ways to resolve weather damage in your properties, how to find the right contractors for your deals, and why networking is key to building a successful business. Learn more about Micah and his story at ! “The only way I would hire an out-of-town person to do my claim or repair is if they were working in conjunction or partnership with a local contractor.“ 03:28 Micah has more...
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Circling The Wagons, with Tammy Sutton
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Tammy Sutton, a managing partner of Quattro Capital. In this episode, we discuss navigating the current multifamily market, building high-performing GP teams, and the surprising power of philanthropy in real estate. You don’t want to miss out on this conversation! Learn more about Tammy and her story at ! “It's really easy to drop balls if you don't have all the hats in place in your business.” 01:01 Growing up in a second-generation real estate family, Tammy was exposed to the world of...
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7 Steps of A Development Deal, with Alex Sanders
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is developer extraordinaire, Alex Sanders. This conversation dives deep into the 7 essential steps of CRE development, guiding you through each stage from finding the perfect location to exiting the project successfully. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights to help you navigate the world of CRE development! Learn more about Alex and his story at ! “Being a mentor doesn't mean that they're geniuses or professionals in their fields. The big part is that...
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How to Jump From Value Add to Development, with Venkat Avasarala
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Venkat Avasarala value-add multifamily investor turned CRE developer. In our conversation, we delve into why development is the current hot spot in REI, explore what to look out for when investing in multifamily, and discuss the importance of monitoring the money supply. Learn more about Venkat and his story at ! “The one thing every investor should know is to watch the money supply.” 01:18 Venkat began his professional journey in the finance world in 2002. However, his interest shifted towards real...
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Right People Right Seats, with Joseph Cornwell
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Joseph Cornwell, multifamily investor and the host of the Best Ever Podcast. In our conversation, we talk about Joseph's transition from law enforcement to real estate investing, strategies for scaling a multifamily business, and tips for finding the right people for your business and stepping into a leadership role. Don’t miss this episode! Learn more about Joseph and his story at ! “Real estate at the end of the day is a people business. If you understand the people part, you can have success in any area of...
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How to Buy Industrial CRE, with Tom McCrossin
CRE Clarity
Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Joining us today is Tom McCrossin, an industrial and warehouse investor and owner of New Lane Management. We'll be diving into the world of industrial investing, discussing how to get started, finding the perfect property, and why it's a hot market in 2024. Learn more about Tom and his story at ! “A lot of people think that all big buildings are manufacturing, but that’s not necessarily true.” 01:00 Tom started his investing journey in 2010 by househacking. He rented out half of his duplex. By 2020, he saw new...
info_outlineWelcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest is Shannon Robnett, a real estate developer and syndicator with over 35 years of experience. Shannon shares his advice on becoming a successful syndicator, selecting top-notch service providers, and managing risk in the current market. You don't want to miss out on this episode!
Learn more about Shannon and his story at shineinsurance.com/managing-commercial-real-estate-risk!
“I don't like paying taxes. I'm very patriotic, but to me, that's not a patriotic duty.“
01:13
Shannon is a fourth-generation realtor. For a while, he didn’t want to work in real estate, however, after completing college, he recognized the immense financial potential within the industry.
Over the course of his 35-year career, Shannon has taken on various roles, including overseeing construction projects, working as a developer and multifamily asset manager, and investing in many deals. He started syndicating in the last few years.
“The first thing that I try and do when I talk with an investor is make sure that they understand who they are.”
06:23
Shannon shares his best pieces of advice on how to become a successful syndicator.
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Find a mentor and work up to your goals slowly but steadily.
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Understand what kind of investor you are, how high your risk tolerance is, and what type of deals fit your lifestyle.
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If you've lost money, figure out why, and don't do that again.
“When you're underwriting correctly, if everybody's doing it, it’s probably a really good time to not be doing it.”
20:40
Shannon shares his insights on selecting top-notch service providers while minimizing associated risks within your team. His advice is to prioritize expertise and experience over cost. Also, always think at a higher level about your business and look for the most dedicated service providers with good track records.
Towards the end of the episode, Shannon shares his risk mitigation strategies in the current market. He’s always managed risk from an 8-cap standpoint. If he can’t get an 8-cap on the investment, he won't pursue it. He’s emphasizing not being influenced by the market and having a solid underwriting strategy.
About our guest, Shannon Robnett
Shannon is a Real Estate Developer and Syndicator with a principal focus on Multifamily and Industrial real estate in the greater Boise area. His accomplishments include:
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Involved in Boise Real Estate Market for 35+ years
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2nd Generation Builder & Developer
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4th Generation Realtor
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Involved in over $250MM in construction projects ranging from multi-family, office buildings, and municipal buildings to schools, industrial projects, and mini storage
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A history of over $140MM in successful developments
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Has under management over $100MM with a wide range of investors
Mentioned in the show:
Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/
Special thanks to Shannon Robnett for taking the time to share so many great insights with us
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