I’d arrived in Vegas the morning before after attending Rock on the Range, a three-day rock festival in Columbus, Ohio. I was now in Sin City for the annual ICSC real estate convention that’s connected to my livelihood.
Read MoreI’m afforded a position where I work daily with a wealthy clientele. Most of this group came to their affluence through hard work and creativity. In other words, it wasn’t generational, gifted upon them by a relative after their passing. These men and women had to get up every morning to earn their piece of the pie. The majority of them are baby boomers and Gen Xers. However, some of my clients are now millennials who have out-hustled others and created their wealth early in life. I consider myself lucky to work with these clients because I’m able to learn by their example.
Read MoreMy girlfriend asked, “What advice would you give my niece about investing in real estate?”
“Good question,” I said, the wheels turning.
Read MoreWhen I purchased my first commercial building, I was a property manager. Therefore, it was natural for me to accept the same role for our investing group. It dove-tailed nicely into my day-to-day routine. I could field calls throughout the day for my own property as well as from the portfolio I managed. Everything rolled together well. It was a comfortable fit.
Read MoreI want a dog.
Until recently I’ve had a dog, even a couple dogs at a time. I’ve had them since I was a little boy. They’ve been there to catch tennis balls and run through various neighborhoods. Dogs have listened to my stories of success as well as tales of woe. Moments of crazy happiness have been had with them as well as calm reflection.
Read MoreI listened to a past episode of Money Peach (www.moneypeach.com), where Tom Corley, the author of Rich Habits: The Daily Success Habits of Wealthy Individuals, was interviewed.
I started the podcast not knowing what to expect. I’d never heard of Corley nor his book. This would later surprise me, because I thought of myself as a tuned-in reader, especially when it comes to personal finance books. I know I haven’t read all of them related to the subject, but I think I’m at least aware of them. Obviously, not.
Read MoreLately, I’ve been thinking about a word that I believe we avoid to describe our actions - immature.
The word makes many of us feel bad when we see it or hear it applied to our behavior. We fought so hard against it when we were young. We told our parents we were mature and ready to go out and make our own way. There's no way that word could still be applied to us as adults, right?
Read MoreIn late 2016, we bought a 10,135 square foot retail building in Deer Park, Washington. At that point, it was the largest and most expensive building I’d been a part of acquiring. Quite frankly, I was a bit scared that we could pull it off. Up until then, the most expensive building I had purchased with partners was $390,000. The building we were contemplating was almost four times that price. It made my heart race considering it.
Read MoreI’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 MoreAmong the discussions of Legos, parkour and throwing the football, I do my best to slip in discussions with our 10-year-old about ‘needs and wants’.
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 MoreA blog focusing on growing wealth through commercial real estate investing and developing along with aggressive savings and personal responsibility.
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