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Each week for the Best Ever Round Table, the three Best Ever Show hosts \u2014 Ash Patel, Slocomb Reed, and Travis Watts \u2014 come together for a deep dive into a commercial real estate investing topic.

Have you recently dipped your toe into commercial real estate? Maybe you\u2019ve done a deal or two, or maybe you\u2019re considering putting some more CRE in your portfolio. If you\u2019re just getting started, this episode is for you. Ash, Slocomb, and Travis discuss what originally attracted them to commercial real estate and how you can decide if it\u2019s the right path for you.

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Ash, Slocomb, and Travis each had different circumstances that led them to consider investing in real estate.\xa0

• Ash was seeking a way to offset taxes.
  \u201cI found real estate by accident,\u201d he says. Every year, he would ask his CPA how to offset his taxes as a W-2 earner, but never received a useful answer. \u201cI always heard that real estate was a great way to offset taxes,\u201d he continues. \u201cI didn\u2019t understand what that meant, but I thought I should buy some real estate.\u201d
• Slocomb was looking for a side hustle.
  Before becoming an apartment owner/operator, he worked as a youth minister. \u201cI was just looking to bridge the gap with a part-time job, be contributing equally to our family as my wife was, and I finally picked up Rich Dad Poor Dad,\u201d he says. Soon after, he embarked on his first house hack and fell in love with real estate.
  
  
• Travis was following his dream of entrepreneurship.
  \u201cI just didn\u2019t know exactly what I wanted to do for a business,\u201d he says. \u201cSo it took many years to go full-time with real estate, and that was about a seven-year journey.\u201d

• If you want to go far, go together.
  \u201cIf you\u2019re full-time in real estate and your goal is to scale, you have to start looking at partners, joint ventures, and other people to work with,\u201d Ash says. He also advises carefully selecting your partners and clearly communicating your expectations beforehand.
  
  
  
• You always have the ability to adapt.
  When Slocomb realized he was pulling most of the weight in a partnership, he decided to do something about it. \u201cI formed a property management company through that experience so that my partnership could pay me management fees for doing all of the work,\u201d he explains. That management company has allowed him to take down additional deals, scale through hiring, and scale through new partnerships. \u201cIt was my ability to adapt to changing circumstances that those things happened.\u201d
• You don\u2019t have to start small.
  \u201cI would say to anybody listening, whether you are or want to be a GP, an LP, do a JV, individual purchasing \u2014 you really can start with multifamily or commercial, or something above that,\u201d Travis says. He didn\u2019t realize this for a long time, and like many CRE investors, now believes he could have gone bigger faster when he started out.

S\u200b\u200btay in touch with us!

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