Podcast
The Best Ever CRE Show
Hosted by Joe Fairless · EN
Welcome to the Best Ever CRE Show, the world’s longest-running daily COMMERCIAL real estate podcast. Founded by Joe Fairless, a co-founder of Ashcroft Capital who went from buying $35,000 homes to controlling more than $2.7 billion in real estate assets, the Best Ever CRE Show provides commercial real estate expert insights, education, and timely information to our community of active and passive investors who want to build wealth, build a legacy, and do more good in the world.
So if you want the real stories behind the good, the bad, and the worst ever deals — plus, insights into what really goes on in commercial real estate investing — you’re in the right place. Our hosts interview commercial real estate experts every day to uncover secrets and strategies YOU can use to become a better, more informed investor. This is the Best Ever CRE show.
132episodes
Episodes
Newest firstAll episodes
JF 3850: Cash Flow vs. Equity, Lessons from Losing $50K, and Mastering Passive Income ft. Emma Powell
Mar 20, 202501:09:34Tap to summarizeOn this episode of the Best Ever CRE Show, Pascal Wagner interviews Emma Powell, a real estate investor, homeschool mom of six, and chief investing officer at High Rise Group. Emma shares her strategic journey from being a passive LP investor to an active GP and now back to passive investing, emphasizing the importance of prioritizing cash flow over equity appreciation for early retirement. She discusses the pitfalls passive investors often fall into, why fixed-rate debt and risk management matter, and how her experience losing money on a deal reshaped her approach to due diligence. Emma also provides valuable insights on diversification, tax strategies, and why debt investing can be a powerful tool for consistent income. Whether you're new to passive investing or considering transitioning to active real estate, Emma’s lessons are invaluable.Emma Powell Chief investing and marketing officer Salt Lake City, Utah Say hi to them at: www.highrise.group investwithemma.com www.linkedin.com/in/emmapowell28 https://youtube.com/@passiveincomeadventures Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcribe →JF3849: Water Rights, Industrial Development, and Navigating Entitlements in Today’s Market ft. Sean T Flanagan
Mar 19, 202500:41:56Tap to summarizeOn this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Sean T Flanagan of Flanagan Real Estate LLC & Hydrosource Inc, from Denver, Colorado. Sean shares insights into industrial real estate development, speculative investments, and the complexities of water rights in the Western U.S. He dives into his current industrial project—a 40,000-square-foot speculative warehouse in a prime Denver location—discussing entitlement challenges, leasing strategies, and the importance of institutional-grade features. Sean also reveals lessons learned in capital raising and how oversharing can sometimes kill deals.Sean T Flanagan CRE Developer and Water Broker Based in Denver, CO Say hi to them at: Linked www.hydrosource.net Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
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JF3848: Tariff Impact Analysis, Institutional Capital Return, & Market Cycle Positioning in Commercial Real Estate
Mar 18, 202500:32:42Tap to summarizeOn this episode of The Horizon, John Chang of Marcus & Millichap and Ben Leybovich discuss how recent economic shifts are creating unique investment opportunities in commercial real estate. They analyze how stock market volatility and new tariff policies are alienating international investors while prompting wealthy Americans to seek alternative investment vehicles. John shares insights from institutional players who are beginning to deploy capital into multifamily properties despite negative leverage, betting on future rent growth rather than immediate interest rate cuts. The conversation highlights why periods of elevated cap rates have historically proven to be excellent entry points for investors, and why commercial real estate remains attractive in uncertain times. Ben also discusses his innovative garage condo development project that's already 60% pre-sold, demonstrating how targeting affluent consumers with specialized real estate products can yield substantial returns even in challenging economic climates.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
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JF3847: Fund Structure Flexibility, Multifamily Acquisition Strategy, & Strategic Market Selection ft. Percy Nikora
Mar 17, 202500:27:35Tap to summarizeOn this episode of the Best Ever CRE Show, Joe Fairless interviews Percy Nikora, co-founder of Penn Capital, which manages approximately $230 million in multifamily assets. Percy shares insights on their hybrid capital-raising approach, offering both fund and individual deal investment options to accommodate different investor preferences. He explains how they've executed 12 syndications and recently launched a $50 million fund that has already acquired three properties with about $20 million in equity. Percy discusses their market selection criteria, focusing on areas with strong job and population growth like Huntsville, Alabama and strategic locations in North Carolina. He candidly addresses challenges they've faced, including unexpected property tax increases and floating rate debt in a challenging market, while also sharing their impressive track record of 23.5% average IRR to LPs across their five property exits. Throughout the conversation, Percy offers valuable insights on working with institutional investors, including structuring partnerships with major check-writers and maintaining the detailed reporting relationships these investors expect.Percy Nikora | Real Estate Background Managing Partner at Penn Capital Based in: Philadelphia, PA Say hi to them at: www.penncapitalgroup.com Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcribe →JF3846: Land Data Intelligence Platform, Multi-Variable Parcel Analysis, & Strategic Acquisition Filters ft. Carter Malloy
Mar 16, 202500:27:26Tap to summarizeOn this episode of the Best Ever CRE Show, Joe Cornwell interviews Carter Malloy, CEO of Acres.com, a comprehensive land intelligence platform that helps investors find, analyze, and purchase land more efficiently. Carter explains how their platform consolidates multiple data sources to provide instant information on any parcel in the United States, including ownership details, comparable sales, mortgage data, topography, flood zones, and more. He discusses how investors can use the platform to quickly filter through thousands of parcels based on specific criteria like zoning, infrastructure access, and minimum size requirements, then conduct deeper analysis on the most promising options. Carter shares insights on land valuation discrepancies, emphasizing how adjacent parcels can vary by 20-50% in price due to factors like topography and access, creating significant opportunities for informed buyers. Throughout the conversation, he highlights the importance of thorough due diligence when purchasing land, warning about hidden issues like seasonal flooding, environmental concerns from previous uses, and the critical role of understanding both macro market trends and micro parcel-specific details before making investment decisions.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcribe →JF3845: Fund Creation Strategy, Capital Raising Evolution, & Multi-Asset Portfolio Diversification ft. Jeremy Long
Mar 15, 202500:29:07Tap to summarizeOn this episode of the Best Ever CRE Show, Slocomb Reed interviews Jeremy Long, founder and managing partner of Axia Partners, a vertically integrated investment firm based in Salt Lake City. Jeremy shares his unique journey from door-to-door sales executive to real estate investor, including his experience taking Vivint Solar public and later being acquired by Sunrun. He explains why he and his partner Dave decided to launch with a fund model rather than individual syndications, allowing them to raise capital to a thesis and acquire multiple properties simultaneously. Jeremy discusses their initial investment focus on value-add multifamily in tertiary markets with strong migration patterns, and why they've expanded into RV parks for their consistent cash flow. He also provides candid insights on their challenges transitioning from retail investors to institutional capital, the importance of property management selection in smaller markets, and why they're now narrowing their asset focus after initially diversifying across multiple property types.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
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JF3844: Economic Forecast Analysis, Housing Market Supply Constraints, & Personal Investment Philosophy ft. Dave Meyer
Mar 14, 202501:11:23Tap to summarizeOn this episode of Next Level CRE, Matt Faircloth interviews Dave Meyer, Head of Real Estate Investing at BiggerPockets and host of multiple BP podcasts. Dave shares his expert analysis on why mortgage rates haven't dropped despite Fed cuts, explaining how bond yields and inflation fears are keeping rates elevated. He predicts residential real estate will continue seeing price appreciation due to severe supply constraints, with homeowners "trapped" by their low-rate mortgages unwilling to sell. Dave also discusses his international living experience in Amsterdam, his personal investment approach focusing on long-term rentals rather than active operations, and why he believes investors should prioritize finding clarity in their goals over chasing door count. Throughout the conversation, both investors emphasize that meaningful success comes from enjoying the journey and being deliberate about your investment strategy rather than pursuing someone else's definition of achievement.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
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JF3843: LP Survival Guide: Avoiding Sponsor Red Flags, Verifying Track Records, & Building Multi-Deal Success with Hans Box
Mar 13, 202501:00:35Tap to summarizeOn this episode of The Passive Income Playbook, Pascal Wagner interviews Hans Box, co-founder of Box Wilson Equity, who has invested in close to 100 real estate deals as both a general and limited partner. Hans shares his journey from recovering CPA to real estate investor, including the pivotal story of taking over his first deal as an LP when the original sponsor underperformed. He provides a comprehensive framework for evaluating investment opportunities, emphasizing the importance of assessing sponsors beyond just projected returns. Hans explains how to verify a sponsor's track record by examining NOI growth rather than IRR, why transparency is non-negotiable during due diligence, and why single-asset deals rarely have audited financials. Throughout the conversation, he emphasizes finding deals with genuine value-add components that provide a margin of safety, and advises passive investors to look for "singles and doubles" rather than home runs to build sustainable wealth.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcribe →JF3842: Boutique Hotel Investment Strategy, Alternative Asset Monetization, & Creative Arbitrage Approaches ft. Adam Dailey
Mar 12, 202500:27:04Tap to summarizeOn this episode of the Best Ever CRE Show, Amanda Cruise and Ash Patel interview Adam Dailey, Managing Director of Bronco Surf, based in San Diego. Adam shares his journey from sports event organizer to real estate investor, focusing on boutique hospitality assets that offer unique value-add opportunities. He discusses his strategy of identifying properties where he can potentially triple the income through creative repositioning, explains the challenges of managing a small RV park with long-term tenants, and provides insights on operating boutique hotels versus using master lease structures. Adam also addresses the complexities of California's short-term rental regulations, the importance of finding the right property management partnerships, and why he's remained focused on the San Diego market despite its competitive nature. Throughout the conversation, he emphasizes his "zone of genius" in spotting undervalued properties and implementing initial transformations, while acknowledging his need to outsource operational aspects to maximize both property performance and his own effectiveness.Sponsors:Vintage CapitalCapital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcribe →JF3819: Inside Cardone Capital: Portfolio Growth, Investment Strategy, & Bitcoin Integration ft. Ryan Tseko
Feb 17, 2025Tap to summarizeOn this episode of the Best Ever CRE Show, Ryan Tseko, Executive Vice President of Cardone Capital, shares insights from managing a 15,000-unit portfolio valued at over $1.6 billion. Drawing from his unique journey from commercial airline pilot to Grant Cardone's right-hand man, Tseko discusses their strategy of combining fixed-rate financing with 10-year hold periods to weather market cycles. He reveals details about their innovative approach of bundling Bitcoin with multifamily investments, their focus on simple fee structures, and their success in raising capital from 18,000 retail investors. Tseko also provides candid perspectives on current market opportunities, particularly in acquiring assets below replacement cost, and explains why they're choosing to buy deals all-cash in today's high interest rate environment. Learn more about your ad choices. Visit megaphone.fm/adchoices
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