276. Working ON not IN Your CRE Business and More (Office Hours)
OCT 30, 202440 MIN
276. Working ON not IN Your CRE Business and More (Office Hours)
OCT 30, 202440 MIN
Description
<p>Key Takeaways:</p><p>Focus on value-add projects rather than new construction - Why I prefer value-add deals as they often provide similar returns with less risk and debt compared to ground-up development.</p><p>Importance of setting SMART goals - The value of setting Specific, Measurable, Achievable, Relevant, and Time-bound goals to increase the likelihood of achieving them.</p><p>Surround yourself with the right people - I credit much of my success to being in the right rooms and networking with the right individuals who helped guide and support my growth.</p><p>Challenges with the "Wash" project - Parking constraints have been a major issue in replicating this unique commercial real estate concept in other locations.</p><p>Advice for new commercial real estate brokers - Read "Walkable City" by Jeff Speck to gain a deeper understanding of urbanism and city planning.</p><p>Importance of proactively raising capital - Create a list of 100 potential investors and consistently promoting investment opportunities to successfully raise capital.</p>
