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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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Commercial Real Estate Pro Network
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Now displaying: Page 12
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
Aug 26, 2016
Accumulating appreciating assets is the goal of all investors.  When your time comes, an Estate Plan, can make the settlement of your affairs a simple matter.  Without a well executed plan, the end can be really messy. SUBSCRIBE:     iTunes                  Stitcher Most people don’t invest time to think about the world without them in it.  It is  a morbid thought that reminds us that there is an end to life. I had the pleasure of speaking with Bill Sefton, CPA.  His practice focuses on working with high networth individuals to for estate planning. Steps to establishing your Estate Plan WHO: Determining who you want to handle your affairs when you are no longer able is the place to start.  This is the first step. WHAT: Once you know who is going to handle your estate, you need to identify the assets in your estate, bank accounts, IRA’s, property, etc.   HOW: How do you want your assets distributed? For more information go to: https://williamleesefton.com/ William Lee Sefton, CPA (925) 735-6529 bill@williamleesefton.com
Aug 19, 2016
Professional property managers rely on property management software to screen tenants, collect rents, generate financial reports for owners, manage the property, schedule repairs and more. SUBSCRIBE:     iTunes                  Stitcher Timmi Ryerson with Smart Property Systems talked with me about property management software systems, users and how a good software system can simplify things for the property manager.     Why use property management software system? The main reason for using property management software system is for organization.  Organization makes your life easier and gives all who interact with you that your organization is professional.  What are your pain points? Smart Property Systems Smart Property Systems can scale from one unit to thousands.  For CREPN Listeners interested in pursuing Smart Property Systems property management software, listen through the interview to learn how to get a 30% off discount. For more go to: Smart Property Systems
Aug 12, 2016
Commercial Real Estate value is simple.  What’s the Net Operating Income.  If you keep up with market rent and expenses, your property’s value will suffer.  Value Add Accounting is an easy way to increase the NOI and the value of your property. Telma Landhorian is a CPA & MBA with experience in Commercial Real Estate.  She makes the case for an outsider’s professional review.   One client gained $20M additional valuation after working with Telma. Value added accounting: The good news, you can fix this. If ownership is willing to take have a trained professional, an outsider, take a look at the books and asses what is. First - Look at the current books.  If the NOI varies greatly from month to month with no explanation as to why, you likely have a problem. The assessment takes a look at each and every line in the operation budget to determine how it compares to the market, and if any improvements can be made. Next - Implement needed changes. In order for change to be adopted by the staff, it has to be demonstrated that ownership supports the change.  Without this, nothing will change. Ongoing - It usually takes about 6 months to make the transition from the old way to the new way.  The procedures need to include regular review and monitoring for real success.  The pain of change is the price of progress.  The benefits will be lasting and help increase the value of the property.   For more go to: https://landhorian.com/ https://www.linkedin.com/in/telmalandhorian  
Aug 5, 2016
Leverage is the catapult that gives real estate investors the ability to buy more than they can afford with their own resources.  One way to increase leverage and potential gains is through Multifamily Syndication.    Syndication can provide momentum unavailable to a single investor.   Joe Fairless is an experienced investor who has grown his portfolio to $54 million through syndication. How to create a Multifamily Syndicate   Build anticipation with investors Learn about what your potential investor goals are.  Are they passive or active?   What do they expect.  Once you determine their goals, ask them if they want to invest.   Get Commitment Get 30% more commitment than what you need, you are ready to find a property.  Why do you need greater commitment than the deal calls for? Life happens. Identify the community and property parameters for your investment including: Market Characteristics Go find the property Use all the resources available to you:   Obviously, this is a simplified explanation of what truly happens.  In addition to what is listed there are several legal documents required in order to set up a syndicate. Joe’s advice to anyone considering getting into syndication: Get the knowledge Get a mentor Follow the Blueprint The truth: “It’is a shark tank!” For more go to joefairless.com.  
Jul 29, 2016
The Multifamily property marketplace is HOT.  Rick Bean with Rose City Commercial Real Estate explains what it takes to compete in a compete and How to find deals in a HOT Market. Return on investment is the goal of every investor.  The stock market is not providing the desired rate of return, so where do investors go?  Foreign markets are not providing a positive return, so where do foreign investors go?   They go to the US Multifamily Marketplace SUBSCRIBE        iTunes        Stitcher Since the collapse of the mortgage market in 2008, demand for apartments has risen sharply.  Projections show more of the same for the next couple of years. The collapse of the mortgage market forced homeowners who lost their home into the renters market.  Some potential buyers have decided they are no longer interested in being burdened by a mortgage, or do not qualify for a bank mortgage to buy a single family home. How to Find Deals in a HOT Market Buyers wanting more options to chose from are turning to working with Commercial Real Estate Brokers that look for Off Market Properties. Additional tactics used by aggressive Buyers in order to gain an advantage with Sellers is to make the deposit go hard right away. For more contact Rick  PH:  503.577.1034 EM:  rick@rosecitycre.com Web:  www.rosecitycre.com
Jul 22, 2016

Insurance is a grudge purchase. What can you do to Win at Insurance? For many insurance buyers, the thought of buying insurance is nothing to look forward to. The process is similar to applying for a loan, answering questions, waiting on the agent or company to provide numbers, and then make a decision to purchase based on nothing you understand.   What are your alternatives to buying insurance? You can “self insure”.   That’s a dicey option.  If you never have a loss, you win.  But, if you have a claim, it could wipe you out.   Another option.   For those with ample means, cash flow and few claims, there is another option. Create your own insurance company! Create a Captive Insurance Company. A Captive Insurance company is a wholly owned subsidiary created to provide insurance to its non-insurance parent company (or companies). Captives are established to meet the risk-management needs of the owners or members. Hale Stewart, author of US Captive Insurance Law, joined me to speak about what a captive is, how it works and who can benefit from it. There are many advantages to proceeding with a captive. A broader contract: the chance to cover exposures that your standard company will not. Easier claims adjustment. Potentially lower insurance costs. Tax advantages provided to insurance companies For more info, join our free webinar and receive a free white paper explaining the benefits of Captive Insurance Companies. https://attendee.gotowebinar.com/register/4858456386013887234. WHEN: August 4, 2016     Noon central  

Jul 20, 2016
Profitable Real Estate Investing requires strategy and discipline.   Jake & Gino have grown from zero to $32M portfolio in just three years. Most beginners struggle to get out of the gate.  It took two years of rejection before they landed the first deal, and from there, they have never looked back. Along the way they were methodical, kept notes, learned what not to do, and what worked.  The result is they have developed a system.   Buy Right.Manage Right,Finance Right. In order to Buy Right, you have to know what works for you and be prepared to walk away from the deal.  Every deal. Once you have a the deal, you have to Manage Right.  Make certain the property has curb appeal so that it attracts tenants willing to pay market rents.  This can be as simple as landscaping and paint, keep the grounds picked up and free from trash. Finance Right.  This relies on your ability to actively market your property to local community based lenders.  To do this, you have to be able to present your numbers is the standard format the bank needs in order to evaluate your property and the opportunity, including.   If you want to follow the model that Jake and Gino, a pizza boy and a drug rep, developed to go from zero to a $32 million in in portfolio assets, check out their Wheelbarrow Profits Academy.   http://jakeandgino.com/wheelbarrow-profits-launch-dg/ If you are looking for some direction from experienced investors, I encourage you to get with Jake and Gino.  
Jul 15, 2016
Retail Malls are being tested, and their survival is at stake.  Retail Malls Change or Die.   Metcalf South was the mall of my youth where I watched the dishwasher with the glass front door wash dishes, Santa arrive by helicopter and where my parents took me to buy every pair of jeans and shoes.   Now this once thriving mall on 45 acres in suburbia Kansas City is dark.  It is listed on the website, DeadMalls.com with hundreds more.  Few states have been spared a closing retail mall.   What happened?  How could such a vibrant central shopping center to a community fail? Greg Lutje, partner at Samuels Yoelin Kantor LLP a Commercial Real Estate attorney joined me to discuss the changing landscape facing retail malls everywhere.   In researching the topic, there are many opinions and factors have contributed.  Is it: Over built retail, simply more places to buy than demand? Decline in numbers of the Middle Class? Technology; the internet? Online retailers, have they replaced the traditional mall? Have the consumer wants changed? People are moving from Suburbs to Urban centers? Q: What does the customer want? A: More than a pair of jeans in a different size.   Not all malls are closed or forgotten.  Some continue to thrive.  What are the successful malls doing to remain relevant? Successful Mall owners have created an “Experiences” for shoppers.   For more go to: www.samuelslaw.com  
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