In today’s episode, I will share with you some pros and joes when investing in commercial real estate. I have prepared 3 case studies that we will talk about, and I’ll also be touching on the importance of being an expert in your location. Make sure to stay 'til the end because I will be sharing my key learnings from these experiences.
[00:01 - 02:00] Opening Segment
I welcome the listeners to the episode I introduce the topic for the episode
[02:01 - 10:59] The importance of Understanding the Market and the Properties That You’re Investing In
I share 2 case studies where I missed a deal You must sit down and negotiate with the broker You must know your numbers I share an instance where I had a successful deal Knowing the numbers, assessing the risk and return, and verifying demand is very important Importance of knowing your market Dealing with risk How to take risk out of the deal How to quantify the risk How do you strip risk out How to make sure you’re compensated well
[11:00 - 14:24] Closing Segment
Final Thoughts If you are interested in my coaching and consulting program, please reach out to me through email at shane@shanemelanson.com or see below for my website link.Tweetable Quotes:
“It’s important to know your market so well that when you see a deal you can act on it extremely quickly.” - Shane Melanson
“No deal is going to have no risk.” - Shane Melanson
“It's all these little things that make a huge impact on your ability to be successful.” - Shane Melanson
Resources mentioned in the episode:
Club Syndication
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