How Did They Do It? Real Estate

Real estate has always been one of the best investment vehicles for people to build wealth and a better future. But how can you fulfill these goals within the business but outside the housing side? Grant Reaves is here to share his continuous success in the commercial space, specifically in flex industrial investing.

Today, Grant tells us why they prefer finding opportunities in office spaces and flex industrial properties, how tenancy and occupancy work in this asset class, and their criteria for choosing the best markets. Join us in this episode to hear Grant’s advice for aspiring commercial investors!

Key Points & Relevant Topics

• Grant’s extensive background in the real estate investing business from commercial and self-storage to flex industrial
• What is flex industrial?
• The reason why Grant decided to acquire his first industrial real estate deal
• Value-add and renovation strategies for industrial properties
• The occupancy rate for office spaces
• Ideal markets for industrial investments and some things to consider when choosing the right one
• Flex industrial properties’ tenancy after the renovation and value-add
• Advantages of applying the Triple Net Lease (NNN) structure
• 3 main reasons why Grant invests and will continue to invest in flex industrial properties
• Grant’s advice for anyone planning to invest in commercial real estate

Resources & Links
Apartment Syndication Due Diligence Checklist for Passive Investor

About Grant Reaves

Grant Reaves is a co-founder and Principal of Stoic Equity Partners in Daphne, AL. He oversees the Acquisition Department, Investor Relations, portfolio management, and the firm's debt relationships. Alongside his business partner, Jeremy Friedman, Grant has grown Stoic's real estate portfolio to over $86MM and 877,000 SF (as of April 2024) of developments/acquisitions since July 2021. Stoic began by investing in self-storage completing 4 acquisitions/developments before transitioning to multi-tenant flex industrial. The firm continues to be focused on purchasing value-added, multi-tenant flex industrial properties throughout the southeast.

After studying business at Auburn University, Grant began his career in commercial real estate brokerage, focusing on selling limited-service hospitality assets nationwide. This experience equipped him with essential skills in underwriting, deal structure, and portfolio management, which he now applies to Stoic's success.

Grant resides in Fairhope, AL, with his wife Lawren, and their son William.

Get in Touch with Grant

• Website: https://www.stoicep.com/
• Email: [email protected]
• Twitter (X): @reaves_grant
• LinkedIn: Grant Reaves

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Today, Dan Austin connects with us to talk about their marketing and sales platform, how they help investors acquire the best deals in the market, and guide us in the right direction of creating good investing partnerships.

Dan also gives us some value through his learning experiences as a former US military member, the importance of commitment in making decisions and choices, and conquering fears of investing in real estate. Dive in because there’s much we can offer in this episode!

Key Points & Relevant Topics

• Dan’s realizations that shifted his mindset and started his investing career
• Why Dan chose real estate as his wealth-building mechanism
• Overcoming the fear of taking risks in real estate investing
• Advice on finding and creating a business partnership that works
• The value of having grit and commitment in business or any aspect of life
• Collecting Keys: What it does, the services it offers to investors, and the asset classes covered
• Typical fees and marketing budget involved in availing Collecting Keys’ services
• Collecting Keys Podcast’s purpose and the kind of real estate stories it features
• The mindset you must have to keep going despite investing challenges

Resources & Links

• Collecting Keys - Real Estate Investing Podcast
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Dan Austin

As a former member of one of the most elite and highly trained special operations military groups, Dan learned firsthand the power of perseverance, teamwork, and a relentless commitment that allows ordinary people to achieve extraordinary things. Dan departed from the military after 8 years and 6 combat deployments to Iraq and Afghanistan to pursue a career in Corporate America, albeit a short one.

After working just a few short years in Corporate America as an Electrical Engineer Dan sought out a path to financial freedom through real estate and entrepreneurship. His journey began in 2016 and quickly scaled his business, wholesaling, flipping, and buying over 100 properties in just two years.

While building his wholesaling business, the Collecting Keys business model was born as the only direct-to-seller full marketing and sales service offered to their real estate investor clients. Providing a first-of-its-kind service, the business grew to 25 markets across the US in just 6 months, with plans to be in 100 markets by the end of 2024.

Dan is also the host of the Collecting Keys Podcast, where he and his co-host talk about the real day-to-day ups and downs of being a real estate investor and running a nationwide off-market real estate business.

Get in Touch with Dan

• Website: https://collectingkeys.com/
• LinkedIn: Daniel Austin
• Facebook: Dan Austin / Investor Man Dan
• Instagram: @investormandan
• TikTok: @investormandan
• Twitter (X): @investormandan

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

With his nearly two decades of career in real estate, Evan Polaski joins the show to enlighten us about the pitfalls that he observed with operators and syndicators, his expertise as a limited partner in evaluating a good deal, and his sentiments on what the future of the real estate looks like.

So, regardless of your role in the real estate investing business, there’s a ton to take advantage of from this episode!

Key Points & Relevant Topics

• Evan’s extensive background in real estate investing across different aspects and asset classes
• Evan’s perspectives on the current real estate market environment
• What should be your focus when determining a good deal?
• How a syndicator or operator’s work ethic can impact the deals’ performance
• Problems with some syndicators underwriting and analyzing projected yields and returns
• Factors affecting the operator’s ability to run and operate a deal
• Insights about the future of real estate in the next two years
• Evan’s current focus in real estate
• The value of learning from mistakes, making better decisions, and taking action

Resources & Links

• BiggerPockets
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Evan Polaski

Evan is the Director of Investor Relations for Axia Partners, a diversified real estate fund operator focused on recession-resilient assets.

As such, he spends his days working with investors to better understand their investment goals and background. With over 16 years in real estate, he has seen all sides of real estate from acquisitions, to capital raising on the equity and debt side, to operations, and actively invests himself. Feel free to connect with Evan on Linkedin, where he shares his insights into the syndication space, where both his professional career and personal investments primarily sit.

Get in Touch with Evan

• Website: https://www.axiapartners.com/
• LinkedIn: Evan Polaski
• Email: [email protected]

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Deep dive into this episode with Ryan Groene and his careful analysis of mobile homes and RV park’s potential, demand, and their current state in the real estate market!

Ryan tells us why he chose mobile homes and RV parks as his investment vehicle, his strategies for making these asset classes work and profitable, and some facts about affordable housing that every investor should know. Join us for another educational discussion about investing!

Key Points & Relevant Topics

• How Ryan got into real estate investing from a career in finance
• Ryan’s journey to acquiring empty lots and mobile homes
• The difference in acquiring used and new mobile homes and some strategies for acquiring them
• The importance of performing cost-benefit analysis when bringing homes to a mobile park, refinancing, or selling
• The ultimate goal when underwriting a mobile home park deal
• The current market condition, supply, and demand in the mobile homes industry and affordable housing in general
• What’s the main reason behind mobile homes’ dwindling supply?
• Why Ryan decided to invest in RV parks
• Mobile homes vs. RV parks in terms of operation, demand, amenities, and size allocation

Resources & Links
Apartment Syndication Due Diligence Checklist for Passive Investor

About Ryan Groene

An accomplished professional, Ryan started his investment career over 10 years ago with a family owned single family rental and public equity investments. His portfolio has grown to over 900 mobile home park spaces and has overseen a portfolio of operations for over 1200 mobile home spaces.

Ryan graduated from The Farmer School of Business at Miami University(OH) in 2012 with a B.S. in Finance. During his academic career, Ryan played 4 years of collegiate baseball. He was also a member of the OCCAC All Academic team and named team captain in his senior season.

Ryan has owned and operate parks in Iowa, West Virginia, Kentucky, Ohio, North Carolina, and South Carolina. Ryan is proficient in evaluating deals, networking, and operating parks. Ryan oversees all of our operations at Treeside.

Get in Touch with Ryan

• Website: https://treesidecapital.com/
• LinkedIn: Ryan Groene
• Facebook: Ryan Groene
• Instagram: @ryangroene

To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Please listen to this short episode to know what to expect on our podcast show and keep supporting us for more valuable conversations with amazing guests!
To Connect With Us

Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!