JF 4045: Boring Business Myths, Burnout Lessons and Passive Wealth ft. Ian Noble

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 1 October 2025

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s episode of Best Ever Show, Ash and Amanda interview Ian Noble. Ian shares how fourteen years of running a family dry cleaning business led to burnout, a brutal COVID revenue collapse, and the realization that passion and systems matter more than social media hype about “boring businesses.” He explains his pivot to real estate as both an LP and fund-to-funds syndicator, why he favors low-risk private lending and mobile home parks, and how he structures deals so investors get equal or better terms than going direct. Ian and the hosts dig into operator due diligence, red flags like wild equity multiples, the realities of depreciation benefits, and why walking every property and backing only trusted teams is non-negotiable. Ian NobleCurrent role: Founder, RunSteady InvestmentsBased in: Austin, Texas Gift to Best Ever CRE Listeners: Passive Investing in Real Estate Cheat Sheet: https://go.runsteadyinvestments.com/bestevercrepodcastJoin My Passive Investor Mailing List: runsteadyinvestments.com/investor-clubLinkedIn: www.linkedin.com/in/iannoble1/Instagram: @ian_invests 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. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER 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 Podcast production done by ⁠Outlier Audio⁠ 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
0:15.8	ESG mandates and political pressure. That's created a huge gap in production and a big opportunity for
0:22.1	individual investors. That's where Aspen's oil and gas fund comes in. Their last fund has
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. Best ever listeners, welcome to the
1:23.8	Best Ever CRE show. This is Beyond Multifamily. I'm Amanda Cruz, joined with Ash Patel,
1:30.6	where we break down every Wednesday, everything that is not multifamily. Sometimes we might also
1:37.6	give multifamily users a bad rap. So if that's going to hurt your feelings, don't listen. But if you
1:42.1	want something outside of multifamily,
1:50.4	every Wednesday, we're here. Ash, what's up? Hey, Amanda, today's interview was pretty freaking cool. This guy, Ian Noble, he started out in the business world and then moved on to be a capital
1:56.7	raiser. You know two of my biggest pet peeves are all the nonsense about buying businesses
2:02.0	and you know how I feel about capital raisers. We called out everybody and everything today.
	...

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