3 Commercial Mastermind Key TakeAways

GM fellow Wisdom Seeker!!

Last week we had a blast at the Commercial Academy Mastermind. Henry Eisenstein, recent podcast guest & partner in our commercial brokerage division, joined us along with many others in our network in Chicago, Atlanta, Philadelphia, and throughout the US. My 3 lessons from the event can be found below.

"An investment in knowledge pays the best interest" - Ben Franklin

Here's today's agenda:

• For Sale - 29 Real Estate Investor Deals 

• For Sale - 4 Warehouse Deals

• Commercial Mastermind TakeAways

• My Top Performing Investment 

• REI Diamonds Podcast on Commercial Real Estate Brokerage

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 Doing a Deal with Diamond Equity

• Here's What I Invest In:

  • Small Bay Industrial 20K sq. ft+

  • Industrial or Flex Warehouse 20,000 - 250,000 Sq. Ft. 

  • Industrial 8,500 Sq. Ft+ on 3+ Acres 

  • Retail Strip or Shopping Center 10,000-250,000 Sq. Ft.

  • Great Operators who are Finding & Running Great Deals

  • Land - 100+ Lot Yield, prefer sewers & Growing Population

3 Lessons Learned at the Commercial Academy Mastermind

1. Go Class A - So Henry, Aaron, Dakota, (partners of mine) & I went out to lunch with a few of my friends. One guy has $180M in retail, another has $1.2B in multi-family & another earned $37M in income last year. There were about 18 of us in total. Henry quietly paid the entire check. Class A act here. The lesson here is that it was a strategic move. Once everyone realized what happened, they thanked Henry and had a short conversation. Great investment into building a relationship & Great first impression

2. Bigger is NOT Always Better - One of my friends has a very large, highly vacant property that is taking a TON of work to stabilize. This is a heavy lift-and he does expect heavy profit. But there is a personal cost in energy, time, & sleepless nights that come along with a lift like this. May or may not be worth it-but I learned to include this in my analysis on bigger, heavy lift deals.

3. Choose Wisely-Time & Money are Limited. Along the line of the heavy lift, I further realize that time & money are limited. More so time. There are only so many deals you can do-so choose wisely. Not all deals deserve to get done. The profit must align (meaning there needs to be ENOUGH profit) with the risk involved. I now include the risk of the time wasted on a project in addition to the money risk involved. Can always make more money, but I cannot make time.