The Best Ever CRE Show - podcast cover

The Best Ever CRE Show

Joe Fairlesswww.bestevercre.com
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.
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Episodes

JF 3963: The Asset Class That Will Make You Millions That No One is Talking About ft. Hait Patel

On this episode of Next Level CRE, Matt Faircloth interviews Hait Patel about the hotel asset class—what makes it both a lucrative and overlooked opportunity for real estate investors. Hait shares his personal story of growing up in a motel his parents operated and how that hands-on experience shaped his career. The two compare multifamily to hotel investing, exploring everything from RevPAR and PIP requirements to team culture and operational intensity. They also discuss the potential for cash ...

Jul 11, 20251 hr 6 min

JF 3962: Luxury Self-Storage, Flex Space Demand, and Building a Brand with Marc Kuhn

On this episode of the Passive Income Playbook, Pascal Wagner interviews Marc Kuhn , founder of MAK Construction, MAK Capital. Marc shares how he leveraged personal branding and social media to raise capital and scale his businesses in the niche of luxury self-storage. He explains what makes this asset class distinct—from its climate-controlled, premium features to its appeal for small business owners and high-end tenants. Marc also outlines how he reverse-engineers his developments based on fee...

Jul 10, 20251 hr 2 minSeason 1Ep. 3962

JF 3961: Triple Net Medical, Due Diligence Red Flags, and Capital Raising Ethics with Sarah Miskelly

On this episode of Beyond Multifamily, Amanda Cruise and Ash Patel interview Sarah Miskelly , a Canadian fund manager living in Costa Rica who places capital into diverse real estate and alternative asset opportunities. Sarah shares her background growing up in real estate, how she transitioned into fund management, and the strict due diligence she performs on behalf of investors. The conversation dives deep into red flags in multifamily syndication, the pitfalls of disguised capital calls, and ...

Jul 09, 20251 hr 3 minSeason 1Ep. 3961

JF 3960: Property Management Done Right, Vetting Managers, and Scaling with Purpose ft. Jennifer Ruelens

On this episode of Best Ever CRE, Joe Cornwell interviews Jennifer Ruelens, founder of One Focus Property Management and Hold It With Jen PM, a property management company based in North Central Pennsylvania. Jennifer shares her journey from leasing agent to managing over 700 doors, and explains why she’s passionate about elevating property management standards—especially in rural markets underserved by traditional professionals. She and Joe dig into the common pitfalls of property managers, the...

Jul 08, 202549 minSeason 1Ep. 3960

JF 3959: Investor Discovery Calls, Fund Structuring Secrets, and The Power of Personal Brand ft. Justin Freishtat

On this episode of Unlimited Capital, Chris Lopez and Richard McGirr interview Justin Freishtat, a capital raiser and branding expert who shares insights into his evolution as a syndicator, from chasing returns to prioritizing liquidity and downside protection. Justin breaks down his approach to structuring deals, including the use of customizable fund vehicles for both equity and debt investors, and explains how investor preferences drive his fund offerings. The conversation then dives deep int...

Jul 07, 202535 minSeason 1Ep. 3959

JF 3958: Layoffs, Tariff Uncertainty, and Treasury Pressure with John Chang

On this episode of The Horizon , John Chang discusses the current trajectory of interest rates, the outlook on inflation, and the uncertain effects of tariffs and political influence on the Federal Reserve. He explores how treasury issuance and trade policies are shaping rate expectations, especially amid political pressure and global economic shifts. John also evaluates the U.S. job market's softening signals, growing layoffs, and how uncertainty is likely to rise again depending on post-July 9...

Jul 06, 202534 minSeason 1Ep. 3958

JF 3957: Navigating Legislation, Managing Supply, and Scaling with AI – ft. Paul Kaseburg

On this episode of Multifamily Mastery, John Casmon interviews Paul Kaseburg , Chief Investment Officer at MG Properties. Paul shares insights into managing a 32,000-unit portfolio across the Western U.S., emphasizing the importance of vertical integration, legislative compliance, and proactive risk management. He details how MG navigates current challenges such as oversupply in multifamily housing, using a value-driven acquisition strategy that balances core-plus and value-add opportunities. Pa...

Jul 05, 202549 minSeason 1Ep. 3957

JF 3956: Debt vs. Pref Equity, Blockchain Risks, and Car Wash Multiples ft. Whitney Elkins-Hutten

On this episode of Next Level CRE, Matt Faircloth interviews Whitney Elkins-Hutten from PassiveInvesting.com. They dive into investor education and the importance of understanding the full investment journey, especially in today’s market. Whitney explains how PassiveInvesting.com is diversifying through debt funds, multifamily, self-storage, and the booming express car wash business, emphasizing cash flow and depreciation advantages. The conversation also touches on evolving SEC regulations, the...

Jul 04, 202553 minSeason 1Ep. 3956

JF 3955: Land Development Strategy, Builder Demand, and Exit Options ft. Brandon Cobb

On this episode of the Passive Income Playbook, Pascal Wagner interviews Brandon Cobb , a seasoned land developer and founder of HBG Capital. Brandon breaks down the highly misunderstood world of land development, revealing how value is created before a single house is built. He shares how his team entitles land and leverages national homebuilder partnerships to generate strong returns with mitigated risk. Brandon walks through real-world case studies, outlines the key due diligence steps LPs sh...

Jul 03, 20251 hr 8 minSeason 1Ep. 3955

JF 3954: Off-Market Wins, Market Resilience, and Capital Strategy ft. Brad Johnson

On this episode of Beyond Multifamily, Amanda Cruise and Ash Patel interview Brad Johnson, co-founder and CIO of Vintage Capital. Brad shares his journey from institutional private equity to building a $200M+ mobile home park portfolio and discusses why he’s doubling down on the asset class today. They dive into due diligence strategies, creative seller financing structures, and why Brad prefers long-term holds with strong operators over short-term flips. The trio also tackles current legislativ...

Jul 02, 202552 minSeason 1Ep. 3954

JF 3953: Minimizing Risk, Scaling Cash Flow, and Investing with Purpose ft. Troy Zimmerman

On this episode of Best Ever CRE, Joe Cornwell interviews Troy Zimmerman , general partner at Missional Capital Group. Troy shares his 20+ year journey from managing inherited triple net lease properties to building a low-leverage, cash-flow-focused multifamily portfolio in Northwest Alabama. He discusses transitioning from single-family homes to multifamily and multi-tenant retail, emphasizing the importance of controlling NOI and protecting downside risk. Troy also highlights his values-based ...

Jul 01, 202545 minSeason 1Ep. 3953

JF 3952: The Build Trap, Capital Raising Mistakes, and the 95/5 Rule with Richard McGirr

On this episode of Unlimited Capital, Richard McGirr delivers a solo masterclass on the number one mistake that kills more deals than bad markets or bad sponsors—the “Build Trap.” Drawing from his experience raising over $60 million and coaching dozens of fund managers, Richard explains how over-focusing on CRMs, funnels, and "perfect" systems often masks procrastination and stalls momentum. He breaks down the 95/5 rule of capital raising, emphasizing that most results come from just a few key a...

Jun 30, 202528 minSeason 1Ep. 3952

JF 3951: The Hidden Efficiency Gap in CRE, Apartment Trends, and Capital Flow Illusions with John Chang

On this episode of The Horizon , John discusses the surprising inefficiencies in commercial real estate investing, specifically focusing on the apartment sector. He unpacks why markets like Chicago—despite strong rent growth and solid fundamentals—have higher cap rates and attract less capital than high-growth but lower-performing markets like Dallas-Fort Worth. John explores how investor behavior, herd mentality, and institutional capital flows influence asset values more than actual property p...

Jun 29, 202533 min

JF 3950: Starting with No Money, Growing Through Relationships, and Outmaneuvering the Competition ft. Ken Gee

On this episode of Multifamily Mastery, John Casmon interviews Ken Gee, a former CPA and commercial lender who transitioned into multifamily real estate to reclaim time with his family and build lasting wealth. Ken shares his journey from burning the midnight oil as a tax professional to buying his first apartment buildings and making half a million dollars in profit. He emphasizes the importance of overcoming limiting beliefs, finding the right partners (like his "Gary"), and continually evolvi...

Jun 28, 202547 minSeason 1Ep. 3950

JF 3949: Industrial Real Estate, Crypto, and Financial Freedom ft. Ben Fraser

On this episode of Next Level CRE, Matt Faircloth interviews Ben Fraser, Chief Investment Officer at Aspen Funds and co-host of the Invest Like a Billionaire podcast. They explore how billionaires think differently than millionaires—focusing on growing balance sheets through private market investments rather than just income. Ben explains the dangers of income creep, critiques the limitations of traditional financial planning, and advocates for strategic investing outside Wall Street. They also ...

Jun 27, 202559 minSeason 1Ep. 3949

JF 3948: Parking Profits, Land Redevelopment, and Long-Term Value ft. Kevin Bupp

On this episode of the Passive Income Playbook, Pascal Wagner interviews Kevin Bupp , a seasoned investor and founder of Sunrise Capital Investors. Known for his success with mobile home parks, Kevin dives into the niche world of parking garage investments—an overlooked asset class with strong cash flow, low maintenance, and high redevelopment potential. He shares his origin story from bartending to building a $400M+ real estate portfolio, discusses how his firm targets value-add parking assets ...

Jun 26, 20251 hr 6 minSeason 1Ep. 3948

JF 3947: Global Teams, IRS Audits, and 100% Bonus Depreciation ft. Sean Graham

On this episode of Beyond Multifamily, Amanda Cruise and Ash Patel interview Sean Graham , founder of Maven Cost Segregation. Sean shares how he uses AI tools like ChatGPT for streamlining both personal and professional tasks, including investigating financial fraud. The conversation dives deep into Sean’s transition from residential to self-storage investing, why it’s not as passive as it seems, and how he built a lean, global operations team to manage over 1,000 units. They also unpack cost se...

Jun 25, 202554 minSeason 1Ep. 3947

JF 3946: Zoning Power, Risk Mitigation, and Institutional Scaling ft. Ari Rastegar

On this episode of Best Ever CRE, Joe Cornwell interviews Ari Rastegar , founder of Rastegar Capital, about his journey from law school to building a vertically integrated real estate firm. Ari shares how he got his start in real estate by developing a single-family home during law school, which evolved into a focus on zoning, entitlement, and large-scale developments across Texas. He breaks down the strategic value of land rezoning, lessons learned from leveraging debt, and how his firm partner...

Jun 24, 202550 minSeason 1Ep. 3946

JF 3945: Fund of Funds, First Big Deal, and Scaling Fast with Chris and Richard

On this episode of Unlimited Capital, Chris Lopez and Richard McGirr break down why they chose the fund-to-funds model for their first major capital raise—and why it's a powerful starting point for aspiring syndicators. They share how they scaled quickly without years of operational experience by leveraging experienced operators, reducing risk, and maintaining compliance through a special purpose vehicle (SPV) structure. They also discuss their first deal: a 34-unit value-add multifamily propert...

Jun 23, 202526 minSeason 1Ep. 3945

JF 3944: Trump Policies, Rising Costs, and Real Estate Growth

On this episode of The Horizon , John Chang discusses why commercial real estate is likely to outperform over the next five years. He attributes this to two major Trump-era policies: increased tariffs and tightening immigration. Tariffs on materials like steel, aluminum, and Canadian softwood lumber are significantly raising construction costs, while stricter immigration policies are reducing the labor pool, further driving up labor expenses. These structural pressures are expected to constrain ...

Jun 22, 202529 minSeason 1Ep. 3944

JF 3943: Relationship Capital, Property Scaling, and SOPs for Success ft. Ashley Garner

On this episode of Multifamily Mastery, John Casmon interviews Ashley Garner, a lifelong real estate investor who transitioned from student rentals and residential brokerage into multifamily investing. Ashley shares how a near-death health scare motivated him to scale his portfolio more aggressively, going from a 10-unit to a 196-unit property through strategic partnerships and capital raising. He explains the mindset shift required to leverage other people’s money and how relationships and trus...

Jun 21, 202536 minSeason 1Ep. 3942

JF 3942: Flywheels, Franchising, and the Future of Real Estate Investing ft. Cameron Herold

On this episode of Next Level CRE, Matt Faircloth interviews Cameron Herold , founder of the COO Alliance and former COO of 1-800-GOT-JUNK. They dive into the nuanced roles of CEO versus COO, and why so many entrepreneurs misunderstand what they truly need in a second-in-command. Cameron shares how building 1-800-GOT-JUNK into a globally admired brand came from creating a strong culture, leveraging free PR, and obsessively developing a business “flywheel.” He also offers tactical advice for hiri...

Jun 20, 20251 hr 9 minSeason 1Ep. 3942

JF 3941: Raising Capital, Avoiding Bad Underwriting, and Building Ethical Real Estate Wealth ft. Matt Picheny

On this episode of the Passive Income Playbook, Pascal Wagner interviews Matt Picheny , a Tony award-winning Broadway producer turned seasoned multifamily GP with over 16 GP deals and 28 as an LP. Matt shares how his path from acting and digital marketing led to real estate success, including a pivotal first deal where he quadrupled his investment. They dive deep into lessons learned from early LP mistakes, why conservative underwriting (especially around cap rates) is critical, and how today’s ...

Jun 19, 20251 hr 8 minSeason 1Ep. 3941

JF 3940: Accountability, Deal Droughts, and Spouse Dynamics with Amanda and Ash

On this episode of Beyond Multifamily, Amanda Cruise and Ash Patel interview each other in a candid, off-the-cuff solo episode. They reflect on insights from their recent mastermind retreat in Nashville, emphasizing the value of real, in-person networking and the importance of accountability in both personal and professional growth. Amanda shares how she and her husband manage work-life balance while running a business together, and Ash opens up about his structured accountability partnership wi...

Jun 18, 202544 minSeason 1Ep. 3940

JF 3939: Operational Excellence, Blue Ocean Strategy, and Vertical Integration ft. Nick Stageberg

On this episode of Best Ever CRE, Joe Cornwell interviews Nick Stageberg, owner of Black Swan Real Estate. Nick shares how 2024 marked their best acquisition year ever, with 2025 already on pace to surpass it, thanks to a focus on fixed-rate debt and operational excellence. He dives deep into their vertically integrated model, drawing on lessons from software development and Japanese lean manufacturing to run a highly efficient, team-based property management system. Nick also shares a tough les...

Jun 17, 202554 minSeason 1Ep. 3939

JF 3938: Real Estate Capital, Fiduciary Duty, and the Power of Partnerships - Introducing Chris Lopez and Richard McGirr

On this episode of the Best Ever CRE Show, Matt Faircloth is introducing another new segment! Matt introduces Chris Lopez and Richard McGirr, the new co-hosts of Unlimited Capital. Together, they dive deep into the fund-to-funds model, discussing how Chris and Richard built Property Llama to raise and deploy over $60 million in capital across institutional-grade real estate deals. They share how their entrepreneurial roots, complementary skills in software and marketing, and a deep fiduciary min...

Jun 16, 20251 hr 13 minSeason 1Ep. 3938

JF 3937: Interest Rates on Pause, CRE on the Move, and Immigration’s Economic Role

On this episode of The Horizon, John Chang discusses the delayed impact of new tariffs on inflation and how businesses stockpiling inventory may temporarily mask those effects. He outlines the Federal Reserve’s cautious stance on interest rates, noting likely rate stability through Q3, with potential movement in Q4 depending on economic indicators. John also explores how immigration policy and labor shortages—especially in construction and healthcare—pose challenges for commercial real estate. F...

Jun 15, 202530 minSeason 1Ep. 3937

JF 3936: Crafting a 10-Year Vision, Nurturing Partnerships, and Raising Capital with John Makarewicz

On this episode of Multifamily Mastery, John Casmon interviews John Makarewicz, a managing partner at Faris Capital Partners. John shares how he transitioned from a 15-year residential real estate career to multifamily investing after a successful exit from his previous brokerage. He breaks down how his entrepreneurial skill set and passion for improving client and resident experiences laid the foundation for Faris Capital’s early success. They discuss the importance of visionary planning, build...

Jun 14, 202555 minSeason 1Ep. 3936

JF 3935: Bridge Debt, On-Site Turnarounds, and Scaling in Texas ft. Jonathan Nichols

On this episode of Next Level CRE, Matt Faircloth interviews Jonathan Nichols of Apogee Capital. Jonathan shares how he and his wife scaled from single-family homes to multifamily syndications across Texas and Oklahoma by leveraging broker relationships and applying analytical rigor learned from his engineering background. He recounts the transformation of a distressed 170-unit property in Lubbock—from 68% to 93% occupancy in just a few months—by temporarily relocating on-site and aggressively i...

Jun 13, 202552 minSeason 1Ep. 3935

JF 3934: Real Estate, Startups, and Tax Strategy—Unlocking Opportunity Zones ft. Jimmy Atkinson

On this episode of the Passive Income Playbook, Pascal Wagner interviews Jimmy Atkinson , founder of OpportunityZones.com and host of the Opportunity Zones Podcast. Jimmy breaks down how Opportunity Zones work—from their 2017 creation in the Tax Cuts and Jobs Act to the powerful tax incentives they offer investors. He shares how these zones have catalyzed billions in investment across the country, not just in multifamily but also in startups, industrial real estate, and community-focused develop...

Jun 12, 20251 hr 5 minSeason 1Ep. 3934
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