JF 4114: The Four L’s, Big Lessons and Bigger Goals for 2026 with Richard McGirr

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 9 December 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Richard McGirr walks listeners through his 2025 retrospective using the “four L’s” framework—what he loved, learned, lacked, and longed for. He explains how abandoning distractions and doubling down on a single, high-performing debt fund produced seven to eight consecutive record-breaking months and over $24 million raised. Richard breaks down how this focus created operational mastery, recurring revenue, and a repeatable monthly closing machine that freed him and his partner to work on the business rather than in it. He also shares hard-won lessons about integrity, contracts, and protecting yourself in an industry where big dollar figures can test people’s promises. Richard then turns to his biggest breakthroughs of the year, including finally cracking how to identify, mentor, and launch high-potential fund-of-funds managers—leading to a standout case study of a new FOF raising $1.2 million in its first month. He closes by outlining what he lacked in 2025 (dedicated in-house accounting) and what he’s pursuing in 2026: co-GP relationships with top-tier debt funds, airtight long-term contracts, diversification, and a major scale-up of both direct raises and FOF-driven capital. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Start earning passive income today at gsprei.com/bestever Alternative Fund IV is closing soon and SMK is giving Best Ever listeners exclusive access to their Founders’ Shares, typically offered only to early investors. Visit smkcap.com/bec to learn more and download the full fund summary. Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.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 Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Prior to volatile markets and unpredictable returns, your portfolio deserves a steady income stream you can count on.
0:07.0	The GSP Income Fund offers accredited investors 8 to 12% fixed returns from single-family rentals,
0:13.7	with monthly payments starting on day one.
0:16.3	With over $30 million in assets under management, GSP's vertically integrated team handles everything,
0:22.6	acquisitions, renovations, property management, and tenants. Every investment is backed by hard real estate assets across stable markets,
0:29.6	tangible cash flowing properties you can count on. You simply collect your monthly distribution.
0:35.6	Whether you want monthly cash flow or compounding growth,
0:38.9	this fund delivers. Start earning passive income today at G-Spr-E-I.com slash best ever. That's G-Spreree.com
0:48.9	slash best ever. Ready to launch your business? Get started with the commerce platform made for entrepreneurs. Shopify is specially designed to help you start, run and grow your business with easy customizable themes that let you build your brand, marketing tools that get your products out there. Integrated shipping solutions that actually save you time. From startups to scale ups, online, in person, and on the go.
1:12.3	Shopify is made for entrepreneurs like you.
1:14.8	Sign up for your $1 a month trial at Shopify.com slash setup.
1:20.4	Hey, best ever listeners.
1:22.0	Welcome back to the best ever CRE show.
1:24.8	It's a Tuesday, and that means it is a special edition. And once again,
1:29.2	I have the great privilege. Uh, thank you, Spencer, my producer of doing a monologue show.
1:34.9	Uh, I really enjoy these shows quite a lot. Um, today I'm going to be talking about, uh,
1:42.5	kind of my look back on 2025. In fact, it's not kind of my look back. It is my look back on 2025.
1:44.9	In fact, it's not kind of my look back.
1:46.3	It is my look back on 2025.
1:48.8	As you guys know or may not know,
1:51.5	I come from a software development
1:54.5	and like specifically software consulting
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Best Ever CRE, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Best Ever CRE and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.