JF 4152: Turning Fires, LIHTC, And HAP Deals Into Big Returns ft. David Kamara

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 16 January 2026

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Faircloth interviews David Kamara of Cape Sierra Capital, who shares how patience, operational discipline, and a willingness to tackle complex deal structures have shaped his investing success. David walks through his path from management consulting to multifamily ownership, explaining how hands-on operations, strong reserves, and trusted property management partners helped him navigate fires, insurance claims, and long hold periods while still delivering outsized returns. The conversation dives deep into niche strategies like LIHTC properties coming off restrictions and Housing Assistance Program (HAP) deals, highlighting why many investors avoid them—and how that creates opportunity for those willing to be patient. David also breaks down why investing close to home, even in smaller Midwest markets, has allowed him to scale efficiently while maintaining control over operations and risk. David KamaraCurrent role: Founder and Principal, Cape Sierra CapitalBased in: Ann Arbor, MichiganSay hi to them at: https://capesierracapital.com/ | 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

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0:00.0	If you're a lead sponsor or capital partner in today's private markets, raising capital is getting more complex,
0:06.2	more scrutinized, and harder to scale without the right structure. That's why TribeVest is the industry
0:12.0	leader in building the infrastructure behind private market capital raising. They've solved the biggest
0:17.2	problem sponsors face, how to work with capital partners, aggregators, and networks
0:22.4	professionally without creating chaos, compliance risk, or friction for investors.
0:28.4	TribeVest has launched the Institute for Structured Capital, an education and operating system for
0:33.8	modern capital raisers.
0:35.5	There are two tracks, one for lead sponsors who want to build
0:38.7	a structured program around working with capital partners, and one for capital partners who want
0:44.1	to build a real capital aggregation business the right way. If you're serious about raising
0:48.8	capital at scale with credibility and structure, you can join the wait list at TribeVestisC.com. Structure is the strategy
0:57.1	for the modern capital raiser, and this is where the industry is heading. What is happening in
1:02.3	Best Ever listeners? This is Matt Fredcloth, and welcome to the best ever CRE show and my segment
1:07.4	called Next Level CRE, helping you bring your real estate investing business to
1:12.6	the next level. Before I get into the show, and this is a next level show, as always,
1:17.3	but before we get into that, I want to mention to you guys the next level for you, which is
1:22.2	Best Ever Con. Coming up in February of next year, 2026.
1:28.0	You guys want to be there because it is the 10th best ever.
1:31.0	There's lots of surprises up our sleeve at the best ever group that's going to be coming
1:34.3	your way.
1:35.1	There are a lot of really interesting things coming down the pipeline with regards to speakers
1:40.5	and events and networking and speed dating between GPs and LPs.
	...

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