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Ep 50 - The Real Estate Attorney's Guide to Investing in Profitable Commercial Properties with Ron Rohde
Manage episode 385157588 series 3344598
Το περιεχόμενο παρέχεται από το Marty Grizzanti. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Marty Grizzanti ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
In this episode, Marty and Ron dive into the world of commercial real estate, sharing their wisdom on finding lucrative opportunities, understanding market cycles, and leveraging data to make informed decisions. From industrial investments to repurposing office spaces, they uncover the risks, rewards, and innovative strategies that can set you apart.
They highlight the power of building relationships, conducting thorough research, and seizing off-market deals. And don't forget the importance of creating engaging content and finding your unique angle to attract followers on social media.
Remember, success isn't just about the bottom line. It's about valuing your time, investing in activities with the highest and best use, and caring deeply about the content you create. So, join us on this entrepreneurial journey, armed with knowledge, drive, and a passion for growth.
Here are three key takeaways from our conversation:
- Understanding the cyclical nature of real estate: Successful investors take advantage of low points in the market and exercise caution during boom times. Knowing when to make your move is crucial in maximizing your investments.
- Analyzing data for informed decisions: From income and demand to debt service and return on equity, every detail matters. Digging deep into these metrics will help you determine the purchase price and acceptable returns before making your investment.
- Leveraging technology and building relationships: Using virtual assistants (VAs) to make calls and collect information can save time and effort. Additionally, by building rapport with owners and being proactive, you can secure off-market deals and gain a competitive edge.
Don't miss out on the valuable insights shared in this episode! Rate, review, and follow The Marty Grizzanti Show on Spotify for more episodes!
Episode Highlights:
03:11 Huge profits made on smart commercial deals!
05:34 Jumping from residential to commercial real estate, meeting clients, feeling urgency, seeing others succeed online in real estate.
08:53 Pick an asset class with longer lease terms, triple net leasing, and industrial fit my life and budget, solving my problem.
14:03 Lenders follow trends, for better or worse.
16:37 Boom times create recessions in real estate. It's cyclical.
20:44 Small spaces with roll up doors for rent. Perfect for residential trade demand. Potential for profit in real estate.
21:41 Assume 80% full, determine affordable debt, required equity, and desired return on investment. Focus on select neighborhoods in Rochester. Audit and compile building information.
26:37 Create data for the building you want.
29:43 Create your own data for confidence in negotiations.
32:23 Dallas office market: Class A thriving, class B struggling.
Connect with Marty!
Website
https://www.webuyhomesroc.com/
https://www.facebook.com/mjgrizzanti
YouTube
Connect with Ron Rohde
Website:
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