Best Ever CRE

🤔 What does Biden's proposed 5% rent cap mean for under market properties? The Best Ever Podcast hosts sat down for a special edition roundtable episode to debate Biden's 5% rent cap, the potential economic impacts, and other potential solutions for the affordability crisis. Listen and subscribe at the links in the comments 👇 #podcast #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #biden #rentcontrol #rentcap Ash Patel, Joseph Cornwell, Amanda Cruise, Slocomb Reed

👑 Meet the new king of conversions ✂ Joe Biden proposes a 5% rent cap 📈 Evictions surge This and MUCH more in today's Best Ever Newsletter! Click below to read the full edition, and subscribe to get it straight to your inbox every Thursday. Thanks to Viking Capital, Alexander Cartwright, and HotelShift for their contributions. #newsletter #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #hotel #multifamily

Alexander Cartwright and the team at HotelShift are converting this hotel into multifamily, adding nearly $6 million in value in just 14 months. Here's how they're doing it  👇 🏢 Property details - Purchased January 2024 - Houston, Texas - 120 room hotel converting into multifamily apartments - 55% occupied with extended stay guests 💸 Finances - Purchase price: $3.4 million - Equity raised: $1.8 million - Debt structure: Seller financing for $2.3 million, 7% interest only for 36 months - 12 months of principal and interest were paid at closing in addition to a $1.1 million down payment 💼 Business plan - Spend $13.5k per room on labor and materials needed to upgrade flooring, baths, add appliances, upgrade kitchenettes, and improve common areas - Rooms do not require a major demo, and the building does not require major structural changes - The property has a whopping 170 parking spaces, a commercial kitchen, and banquet space - all of these can be monetized. The banquet spaces can easily become 8 additional units. - Generating 60 - 65k in monthly revenue from current long term guests in 62 rooms. Just started advertising to fill additional 20 rooms with weekly/monthly guests. 🍾 Projected Results - "As is" appraisal: $4.5 million (over $1 million in instant equity) - Projected appraisal once initial business plan is complete: $9 million - Refinance after 14 months - 100% of capital returned at refinance - 3.2X equity multiple and 30% IRR in 5 years __________ If you have a deal you'd like to feature here and in our weekly newsletter to over 26,000 investors, leave a comment! #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #houston #multifamily Vilicus Capital

💸 What are your $1 activites, $5 activities, $100 activities? Ryan Narus joins the Best Ever Podcast with Slocomb Reed to talk about what it means to be truly brutal with your time - one of the tactics he's used to scale to 4,450 mobile home park lots. Listen to the full episode, and subscribe at the link in the comments 👇 #podcast #cre #commercialrealestate #realestateinvesting #investing #investor #investment #mobilehome

😎 Happy Monday y'all! 🎙 Start the week off right by catching up on what you may have missed last week on the Best Ever Podcast ✅ From $600K Debt to 65 Rentals, 7 Commercial Buildings, and 32 Nightly Rentals ft. Linda McKissack ✅ How Flex Industrial Stole This Investor Away from Multifamily ft. Brian Shafer ✅ Flipping 300 Homes, Running a 20,000 Sq Ft Lodge, and Venturing into Retail ft. Terry Burger ✅ Wholesaling Over 1,000 Deals, Defending the MLS, and Pivoting to Hotels ft. Jiries Dawaher ✅ $5M Raised in 7 Months, Brooklyn Condo Developments, and Sunbelt Build-to-Rent Strategies ft. Nishant Sondhi ✅ Inside the High Cash Flow World of Residential Assisted Living ft. Alexander Schloe MD ✅ Growing a 2,400-Unit Portfolio, Vertical Integration, and Navigating Market Cycles ft. Pankaj Sharma ---------- Listen and subscribe for brand new episodes every. single. day. 👇 Apple: https://lnkd.in/ecNf6ysV Spotify: https://lnkd.in/edQqfqa2 #podcast #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment

Should capital raisers be worried about increased SEC scrutiny? Nishant Sondhi raised $5M in 7 months, and he says no. Nishant Sondhi joins the Best Ever Podcast alongside Ash Patel and Amanda Cruise to share how he vets experienced GPs, his due diligence process, how he gets compensated, and the risks his investors assume in some of his deals. Listen to the full episode and subscribe at the link in the comments 👇 #podcast #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #multifamily #sec

❄️ Is the Sun Belt boom finally cooling off? 🤔 10 questions to ask before investing in a syndication 💸 One investor added $5 million in value to a mixed-use property This and MUCH more in today's Best Ever Newsletter! Click below to read the full edition, and subscribe to get it straight to your inbox every Thursday. Thanks to Viking Capital, Best Ever Conference, 🇺🇸 Travis Watts, Chris Larsen, and Next-Level Income for their contributions. #newsletter #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment

Chris Larsen and team at Next-Level Income added $5 million in value to this mixed-use property and completed refinance in just 33 months. Here's how they did it  👇 🏢 Property details - Purchased Sept 2021 - Spartanburg, SC - 163-unit mixed-use property consisting of: 89-space mobile home community, 65-unit self storage facility, 6 single family homes, a 3-unit commercial office building - 73% occupancy at time of purchase 💸 Finances - Purchase price: $2,670,640 - Equity raised: $2,372,113 - Debt structure: $4,750,000 loan, 6.392% interest rate, full term I/O, 5 year term 💼 Business plan - Incorporate vertically integrated property management company - Remodel vacant homes, the 6 SFHs, the office units and building, the self-storage facility, and exteriors of all homes - Landscaping, private road, and driveway repairs as needed - 7 year hold, refinance in year 3 🍾 Results - Closed Sept. 1, 2021 and completed refinance June 2024 - 3 months ahead of schedule - Current valuation: $7.6 million - 93.80% return of capital  - 114.60% total return - 1.15x multiple - 41.7% annualized return to date - LPs still retain 50% ownership and distributions - 95% current occupancy, 29% increase in rent __________ If you have a deal you'd like to feature here and in our weekly newsletter to over 26,000 investors, leave a comment! #cre #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #mixeduse #property #mobilehomepark

Why would you invest in turnkey rentals vs. traditional flips? Eric Martel of FlipSystem and MartelTurnkey joins the Best Ever Show with Joseph Cornwell to share his new approach to coaching and turnkey properties that helps investors buy, renovate, tenant, and resell distressed properties. Listen and subscribe at the link in the comments 👇 #podcast #cre #commercialrealestate #realestate #realestateinvesting #investing #investment #investor

👋 Meet Braxton Waterleigh - a premier Class A 354-unit luxury asset located in Horizon West near Orlando, one of the fastest growing communities in the U.S. Join us alongside 🇺🇸 Travis Watts of Ashcroft Capital, LLC as he presents their latest investment opportunity being acquired at a remarkable 23% discount compared to recent sales comps. Register now 👉 https://lnkd.in/et6tcVK6 𝐈𝐧 𝐭𝐡𝐢𝐬 𝐰𝐞𝐛𝐢𝐧𝐚𝐫, 𝐲𝐨𝐮'𝐥𝐥: 🕵️ 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐡𝐨𝐰 𝐀𝐬𝐡𝐜𝐫𝐨𝐟𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 is acquiring a 2021-built Class A asset at an incredible 5.5% cap rate. 🎓 𝐆𝐚𝐢𝐧 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 into the asset’s prime submarket location in Horizon West, one of the top three fastest-growing master-planned communities in the U.S. 💪 𝐋𝐞𝐚𝐫𝐧 𝐚𝐛𝐨𝐮𝐭 𝐀𝐬𝐡𝐜𝐫𝐨𝐟𝐭 𝐂𝐚𝐩𝐢𝐭𝐚𝐥'𝐬 𝐯𝐞𝐫𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐝 𝐦𝐨𝐝𝐞𝐥, resulting in a 32% increase in net operating income across their portfolio. 🤓 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐜𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬, interest rate forecasts, rent growth projections, and the factors driving Orlando’s rapid population increase and rental housing demand. 𝘛𝘩𝘪𝘴 𝘢𝘭𝘭-𝘯𝘦𝘸 506(𝘤) 𝘰𝘧𝘧𝘦𝘳𝘪𝘯𝘨 𝘪𝘴 𝘧𝘰𝘳 𝘢𝘤𝘤𝘳𝘦𝘥𝘪𝘵𝘦𝘥 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳𝘴 𝘰𝘯𝘭𝘺. Save your seat 👉 https://lnkd.in/et6tcVK6 #webinar #commercialrealestate #realestate #realestateinvesting #investing #investor #investment #orlando #multifamily #multifamilyrealestate