JF 4026: CapEx Reserves, Delinquency Screens and Affordability Underwriting ft. Mike Roeder

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.7 • 996 Ratings

🗓️ 12 September 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s episode of Next Level CRE, Matt Faircloth interviews Mike Roeder. They dig into lessons from scaling Granite Towers Equity Group, including why words matter at the property level and how third-party teams should embody owner values. Mike breaks down risk controls like raising CapEx up front instead of out of cash flow, screening hard for delinquency and true affordability, and favoring 1980s–2000s assets with seven-year fixed-rate debt. He also shares hands-on asset management plays, from incentivized collections specialists and secret shopping to revenue boosts like monetizing structured parking and bulk Wi-Fi. Mike RoederCurrent role: Co-Founder & Managing Partner, Granite Towers Equity Group. Based in: Central Minnesota. Say hi to them at: https://www.granitetowersequitygroup.com/ | Instagram | YouTube This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you’re brand new to oil and gas investing. Visit investwithsunrise.com to learn more about investment opportunities. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! 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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0:00.0	You've probably noticed this. Despite all the headlines about record investment in renewables,
0:04.8	the world still runs on oil. In fact, demand keeps climbing. But here's what most investors don't
0:10.8	realize. A lot of institutional capital has actually pulled back from oil and gas because of
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0:27.4	delivered six straight quarters of 15% annualized cash yield from producing oil wells. With their
0:33.3	current fund, they're targeting 29% cash on cash returns in over 10 years and 8.83 times equity
0:39.9	multiple. I've personally been impressed with the way Aspen approaches a space balancing the
0:45.1	stability of producing wells with the upside of carefully selected drilling projects. And here's a
0:50.7	bonus for best ever listeners. Aspen has lowered their minimum investment from $150,000
0:55.8	down to $100,000. One of their investors, Terry, put it best. We were new to oil and gas
1:02.1	investing and quickly found Aspen's approach sound. We've been very satisfied with the experience
1:07.6	and delighted with the returns. This is a limited time offer, so head over to
1:11.9	Aspenfunds.us.us forward slash best ever to download the investor deck or grab their
1:17.7	quick start guide if you're brand new to oil and gas investing. Welcome to the Best Ever CRE show,
1:26.9	the world longest running daily commercial real estate podcast.
1:30.4	If you want real stories behind the good, the bad, and the worst ever deals, plus insights into what really goes on into commercial real estate investing, you're in the right place.
1:38.2	Our host interview commercial real estate experts every day to uncover secrets and strategies you can use to become a better, more informed investor.
1:45.5	This is the best ever CRE show.
1:51.7	What is happening in best ever listeners? This is Matt Faircloth and welcome to the best ever
1:59.5	CRE show. I am your host today,
2:01.8	Matt Faircloth coming at you every Friday. So mark your calendars for Fridays when my episodes
	...

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