JF 3887: Alaska Losses, West Virginia Wins, and Syndication Strategy ft. Stephen Predmore

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 26 April 2025

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Best Ever CRE, Slocomb Reed interviews Stephen Predmore, an engineer-turned-investor and owner of Talbot Investments. Stephen shares his journey from small single-family rentals in Baltimore to JV, LP, and co-GP multifamily positions across the U.S. He highlights key lessons from a challenging 33-unit JV in Alaska and contrasts it with a more successful, nearby JV in West Virginia. Stephen also explains why he chose to syndicate a 54-unit North Carolina deal and discusses his current focus on capital raising, targeting senior engineers for investor relations as he continues scaling with trusted operators in red states. Stephen Predmore Owner Based in: Baltimore, Maryland Say hi to them at https://talbottinvestments.com vikingcapllc.com Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.8	forward slash express. Best ever listeners, welcome to the best ever CRE show. I'm Slocum
0:33.8	Reed and today we are joined by Stephen Predmore. Steven's joining us from Baltimore, Maryland.
0:40.7	He's the owner of Talbot investments.
0:43.5	They focus primarily on multifamily investing.
0:46.5	Steven's current portfolio includes two single family rentals, 100 units of multifamily as an LP.
0:53.6	53 units is a JV.
0:55.2	54 units as a co-GP.
0:57.4	And he has self-storage LP positions as well.
1:00.9	Stephen, can you tell us a little bit more about your background and what you're currently
1:04.3	focused on?
1:05.2	Great.
1:05.5	Well, thanks.
1:06.3	Welcome for letting me join the call and excited to tell my story.
1:09.7	I am a real estate investor. I'm also a
1:12.5	full-time engineer. I grew, youngest of seven people grew up in Western New York. I went to
	...

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