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Commercial Real Estate Pro Network

Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss todays opportunities, problems & solutions in Commercial Real Estate.
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Now displaying: September, 2016
Sep 30, 2016
Michael Blank makes the case for Multifamily Investing over Single Family Investing and provides the steps needed to get your first multifamily deal. SUBSCRIBE   iTunes       Stitcher In 2009 Michael recognized that he could purchase a  single family property at a significant discount and resell for a handsome profit.  He introduced his plan to get into real estate to some acquaintances, and was blown away by how easy it was to get financial commitment.  His first commitment was $25,000 from an acquaintance. This was a mind shift. After successfully handling more that 30 flipps, he recognized that the revenue stream only happens when a deal is completed.  This helped him turn to move multifamily. Why do multifamily investing instead of single family? Michael teaches and coaches investors looking to get into multifamily investing.   When comparing Multifamily versus Single Family, the following are six points for consideration for an investor looking to grow to  25 doors showing which is better for each: Multifamily  Property Management +Control over value +Ability to sell (25 doors) +Ability to scale + Single family Affordability +Finding Deals + The most important thing is to get the FIRST DEAL. For more information go to: http://www.themichaelblank.com/  
Sep 23, 2016

Where do you invest and why?  For Worcester Investments, Kansas City Multifamily Investing is it.   In 2007 Paul, Joel & Jesse Worcester followed their mentor from Oregon to Kansas City for the opportunity they saw.  Kansas City real estate was a bargain compared to their native Oregon.   Prior to moving to Kansas City, the brothers tried their hand in real estate investing through building spec homes in Eugene, OR.  For three straight years, they were able to build and sell a  spec home to help pay for college.  Then in 2006 the market turned, and they were lucky to get out of their last home. Today, they have over 3000 units, 120 employees and are looking at properties and projects in excess of $5M each including ground up construction and a downtown redevelopment project on the new Kansas City Streetcar line. So what is the strategy? Worcester Investments are Focused to be the Best at Multifamily in Kansas City and stay purposefully ignorant to all other real estate opportunities. As they have grown, their team has and focus has evolved.  Today, they look at over 100 multifamily opportunities a year in the Kansas City.  Their team can analyze a deal to determine if it is an opportunity they want to pursue in just 45 minutes.   They look for intrinsic value.  What can they improve on and increase the performance of  the property.    Today, Worcester is a major multifamily investing company in Kansas City.  Instead of duplexes, their appetite is for opportunities with intrinsic value priced at and above $5 million. To learn more, go to: http://www.worcesterinvestments.com/  

Sep 16, 2016
Property Managers and Tenants save money & time using NoAppFee.com.  It takes money and time to rent housing.  Now there is a new application that works between property managers and tenants that will change the rental application and screening fees forever.  Meet NoAppFee.com. SUBSCRIBE   iTunes        Stitcher Until now. Tyrone Poole is owner of NoAppFee.com.  The application is an interface between renters and property managers that eliminates the multiple showings for each party and matches only qualified renters with properties they are eligible for. The program is beautifully simple: Enrolled property managers define the minimum parameters of acceptability for tenants.  Tenants enroll paying a one time $35 application fee.  The tenant information is fed into the NoAppFee.com algorithm and instantly provides to tenants a list of units they qualify for. When the tenant contacts the property manager regarding the unit with their pre screened information the number of times required to show the unit is reduced considerably.   NoAppFee.com checks the property managments site each morning to update the available units. To learn more to to: https://www.noappfee.com
Sep 9, 2016
Commercial Real Estate performance can be greatly improved using a Cost Segregation Study.  A better performing property carries a greater tax burden.  To off set the taxes due, commercial property owners looking for more deductions are turning to cost segregation study's.    To get a better understanding of how cost segregation works, I spoke with Bill Smith with ELB Consulting LLC.   SUBSCRIBE   iTunes        Stitcher Companies have been accelerating the depreciation of components for years.  Hospital Corporation of America (HCA) brought a lawsuit in 1997, and the IRS acquiesced. This set the stage for IRS guidelines formally established in 2004.  Cost Segmentation is not a tax loop-hole, but a recommended practice by the IRS. Bill compares cost segregation specialist to treasure hunters, “in that we find significant cash in your walls, floors, ceiling, etc. in the form of tax deductions. By breaking a building into it component parts, we reclassify certain components from 39 or 27.5-year property to 5, 7 or 15-year property, increasing deductions and therefore improving cash flow.” For a Cost Segregation Study Benefits Summary click: https://qc115.infusionsoft.com/app/form/cost-segregation-study For more information go to:www.elb360.com contact Bill Smith @bill@elbcostseg.com
Sep 2, 2016
What’s your type is a popular tease on the grocery store tabloids, but have you ever thought about grading your commercial real estate investor? Doug Marshall with Marshall Commercial Funding  and I discuss some very distinct commercial real estate client types and the different opportunities each brings whether it is a teaching moment or a learning opportunity. Commercial Real Estate Investor Types: WISE CLIENT This is the one we hope to always have as a client.  He has excellent commercial real estate experience.  She knows the ropes but also respect what you bring to the table. They realize you are an important cog in the wheel and they don’t grumble about the fee you earn. WICKED CLIENT The Wicked Client knowingly withholds adverse information from you about the property or about himself in order to get the best possible outcome for himself.  She has no problem cutting ethical corners if that is what it takes. He hopes that whatever he is hiding will stay hidden just long enough to get the deal done. SIMPLE CLIENT The Simple Client thinks he knows more about commercial real estate than he actually does. He generally has an over inflated ego and as a rule does not trust anyone’s judgment but his own. If left to his own ways, the outcome of the transaction will get done but it will likely be a more painful process and have a less favorable outcome than if he would have taken your experienced counsel. CLIENT WHO DOESN’T KNOW WHAT QUESTIONS TO ASK This client is the most vulnerable and the easiest to take advantage of. He really shouldn’t own commercial real estate.  She doesn’t even know what questions to ask.  For more go to MarshallCF.com/blog
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