I’m going to rant against some of those in the financial services industry. You see, I’m a commercial real estate broker who loves the product he represents. My clients can see and hear my enthusiasm when we talk about their needs, whether it be buying, selling, developing or leasing.
Read MoreUSA Today and The New York Times (among many others) have published articles about the Baby Boomer generation starting to pass down treasured heirlooms to their GenX and Millennial children. Unfortunately, those trinkets and other items are being looked upon with some disdain.
Read MoreI was full of excitement after reading T4HWW and I made some immediate changes to my life. These changes included:
Read MoreIn May of 2017, a tenant at our Rosewood Retail property moved out. Spokane Vitamin Supply had been in the building for more than forty years.
Read MoreRoughly six years into the ownership of our Rosewood Retail property, one of the partners decided she wanted to sell out. A couple years prior, Bobbi (not her real name) had gone through a divorce and a year later relocated to another state. She was involved in another partnership with us and had chosen to sell her portion of ownership earlier. It had gone very well for her as detailed in The Little Property That Could – A Partner Wants Out.
Read MoreI stumbled across Grant Cardone on YouTube. Cardone is a motivational trainer and a real estate advisor. I don’t remember what topic I was researching when I first discovered him but there was a video for Cardone, so I clicked it. The guy was full of energy and charisma. I liked his message and filed away the name.
Read MoreAs time moves forward, things will change at any investment property. You are incredibly lucky if your tenants stay in place for a multitude of years and steadily pay rent. This reduces the associated costs and headaches of vacancies.
Read MoreIt’s embarrassing to admit, but when I was a property manager, I didn’t know how to invest in commercial real estate. In my area, most property managers don’t own investment real estate. I’d imagine that trend continues beyond my part of the country. Perhaps it’s because property managers spend so much of their work time around real estate that they don’t want to do it on their personal time. Maybe it’s an employee versus entrepreneur mindset that holds them back. Whatever the reason, it’s a strange reality to encounter.
Read MoreEarlier this year, I wrote the post You Are What You Read in which I discussed the well-documented argument that successful people read
I also talked about my reading plan: For every book I read for pleasure, I will read one book for education.
Read MoreIf you’re a fight fan, you may have watched the much-hyped spectacle of Mayweather – McGregor this past weekend. If you don’t like combat sports, you probably heard about the big fight nonetheless. Floyd Mayweather, one of the best boxers to ever step in the ring, squared off with Conor McGregor, the biggest name currently in mixed martial arts.
Read MoreI’ve been reading about habits lately and will soon share my thoughts on a couple fantastic books. First, Rich Habits by Thomas C. Corley is a quick, easy read and can be knocked out in an afternoon. The second, The Power of Habit by Charles Duhigg is a more in-depth study of habits. I read it two years ago and felt a need to re-read it again due to my experience with The Bumbling Millionaire.
Read MoreWhen I bought my first piece of commercial real estate, I was a property manager. Serving various types of properties such as retail, office and apartment communities, I worked with countless clients and investors who seemed much smarter and more financially put together than me. It was clear that they had their “stuff” together – they earned well, didn’t overspend, etc. They also knew how to buy investment real estate.
Read MoreThere’s a famous computer coding concept known as GIGO – Garbage In / Garbage Out. If you put sloppy coding (information) into a computer, you will get equally or greater sloppy results.
Read MoreBack on April 6th (that seems forever now, but it was only four months ago), I wrote an article Making Money with the Internet is a Real Business! The article was about my 9 year-old’s fascination with YouTuber, Dan TDM. At the end of the article I reported how I had bought us tickets to see his live show.
Read MoreIn the spring of 2002, I bought a used Mercury Sable from an abandoned auto auction held at a local tow yard. I thought this would be a great way to get an extra vehicle. I was driving a 1989 GMC S-15 and worried that if it ever broke down I’d need a back-up vehicle. The Sable was very clean, although really nerdy. However, I couldn’t complain for $600.
Read MoreMy girlfriend is smart. I’d like to say she’s smart for being my girlfriend, but it’s the other way around. I out-kicked my coverage when I met her. She’s very bright and will engage in conversations on a variety of subjects. If she’s not well-versed on the subject matter, she won’t fake it, but she will listen intently and try to provide feedback where valuable.
Read MoreIn December of 2015, my real estate broker sent me a listing for a single-family home on the north side of town. You may be asking yourself, “Wait, isn’t this guy a real estate broker? Why is he working with another agent?”
Read MoreAugust 1st is National Night Out, an annual opportunity to promote building partnerships between communities and their police departments along with fostering neighborhood camaraderie.
It’s also an occasion to look at how we can make our neighborhoods a safer place. As such, I thought I’d take a moment to highlight an organization in my community that is tasked with just such a mission.
Read MoreWhen I was in junior high school (the early 80s), an English teacher handed out a list of funny writing rules. The list had been typed and mimeographed. It didn't attribute any authorship to the work. I loved these guidelines so much that I later typed them into my computer during college. The paper I’d been given years prior was badly worn.
Read MoreSo, you’re interested in redeveloping a commercial building? You want to buy a vacant property, rehab it, tenant it and then start collecting rent. That process is called “adding value” and it’s awesome. Congratulations! It’s one of the most fulfilling experiences in commercial real estate investing.
Read MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
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