Commercial Real Estate: Starting From Scratch

Send me a message! OOOOHHHHH WEEE Thunderbird is starting to crank!  Feels good to get some action on the place via signed leases. Had some very large ah-ma moment about completely turning this place into salon suites.  I thought the budget would be too great to get it turned into a proper suite facility, but after doing more research and speaking with professionals, that's just not true!  Mo...

Send me a message! 3 really cool things happened this week.  I was so excited I was a blubbering idiot, couldn't keep my train of thought throughout the whole episode.   -The podcast hit 1,000 downloads -A legendary local CRE investor John Trautman came to the office and gave me a masterclass on leasing office space -First tenant will be moving in Monday I have a long list of to-do's but...

Send me a message! A no thrill week for me.  Coming down off the high of signing the lease and getting Grand rented up while shifting focus to Thunderbird.  It's funny the differences between Grand and Thunderbird.  I've never done anything with office space before so everything is new to me.  The types of tenants, desired spaces, market rents etc.   Starting to get some leads rolling in...

Send me a message! I went into the weekend with a signed lease!!!!  Finally, feels like I've been saying that for months.  Was great to get that monkey off my back and can focus my attention to Thunderbird.  Still have some housekeeping stuff to get Grand fully set, but the majority of my effort will not need to be on that building anymore.  Now I can finally get the benefits of owning commer...

Send me a message! Just like Ben Mallah says, THE NUMBAS!!!!! Going over some quick updates on both buildings, but mainly spend time going over the numbers on Grand.  I've yet to really break everything down in reality, mostly theory in the past.  But now that we have most of the place leased up, I broke down the revenue, expenses, cash flow, and value of the building.   I had a blast recordi...

Send me a message!  Spoiler alert, after finding out some crucial insider information, we decided to not move forward with the co-working company.  Turns out, well, that they suck.  Therefore, CRISIS AVERTED!   Now this  news comes with some more challenges, like finding new tenants/tenant.  But that's what we do, so no big deal.  Sucks we burned about 5 months, but was a necessity.  Back to...

Send me a message! I got bit by a dog

Send me a message! Breath of fresh air with Grand, no more eviction issues, most of the stuff is gone, so call that a victory.  Leasing struggles have continued, but to be expected, not really bad news, just still trudging along.   Thunderbird is getting close to a deal which is fantastic, that could very well be the bright star of the portfolio.  Which would be a good change of pace from being th...

Send me a message! Not a click bait title.  I had to call the cops on my tenant that got evicted for trespassing.  I don't even know what to put in this description, because there's just too much to the story.  SO!  You'll just have to listen because my brain can't type any more

Send me a message! Interesting podcast with some good updates, moving closer in the right direction.  Feels good to be moving forward instead of backwards, and being this close to signing very valuable leases that will completely change the pace of this building and my life.  These 2 leases will increase the value of the building by 600k, which would increase my net worth by 300k, which is just ha...

Send me a message! BOYS AND GIRLS!  We're making moves baby!!!!  Roof started to get done today, swamp cooler guys going out there tomorrow to scope it out, things are shaking! About to sign a lease for Tenant 2 spot and a portion of lot 3!  Overly stoked on the tenants, looks like it will be a great fit for everyone.   My pool business is  closing here pretty soon, I hope, maybe it might go...

Send me a message!  I was out of town last week in Encinitas, CA enjoying the ocean and cool weather.  But the CRE fun did not stop!  Going over some updates on each property, and a major potential investor could change the path on both of these buildings.  Can't wait to see how that pans out.   Also found out during the podcast we are now truly WORLDWIDE!  A person in each continent has list...

Send me a message! Had some good old breaking & entering at Thunderbird, $3,900 worth of damage for $20 worth of copper, a tale as old as time.  Sometimes I wish I lived in China or the Philippines so the gov't would just round up these useless heaps of garbage, and just remove them from the earth.  But, probably better that I don't, SO, on to the next.  Crackie damage is up to ~$5,5...

Send me a message! Some interesting options for Thunderbird has presented itself.  Not quite sure how to take it all in, but has some potential.  Just like anything else, there's upsides and downsides to it all.  Would need to get more final info to make a decision on how this one will shake out!   Don't forget to follow me on Instagram and leave a 5 star review! https://www.instagram.co...

Send me a message! Slower week overall, the last few months have been a lot so not too much to report.  Slowly getting ready for new tenants, moving stuff out, getting everything ready on Grand has been the big push.  Roof is getting done ASAP along with swamp coolers.  I'm trying to get everything done so I don't have to put it in the lease, not that it's a problem.  But the less s...

Send me a message! The times, they are a changin!  For the better, which is welcomed with open arms.  Have an agreement for tenant 2 to take over tenant 1, signed a lease for $1,600/mo for an outdoor covered area, and saved $12,000 on insurance.  OH AND I don't have to worry about the junk left behind.  I can't believe it worked out, now granted, no lease is signed yet, but we agreed ver...

Send me a message! That title is somewhat sarcastic, maybe 50%.  The eviction has been completed, but the work has just begun.  Getting this shop empty of stuff is my #1 priority for the time being.  Every day that spot needs to produce $250+ per day, so every day I'm NOT making $250 and that drives me bananas.  

Send me a message! Evictions have been dominating my life and this podcast as of late.  So we're talking about another topic!  It's been a while since I've spoken in-depth on Thunderbird, so the timing was perfect to get everyone caught up on that building.  Also spoke about another business I own and some updates on that as well.

Send me a message! For starters, this didn't get uploaded last night, not sure why.  Ugh, delays with eviction on my end.  Hopefully we can get the ball rolling and get our spot back this week.  Next week would be a bummer.   Got some really bad news on Thunderbird, and some good news too!  Life is crazy, real estate is crazy, wouldn't have it any other way.  

Send me a message! It's been a busy week, and my tool belt is getting more and dangerous as we move forward.  Now I'm well versed in the eviction process so when it happens again, it won't be so overwhelming.  Side note, if I do a really good job screening tenants, shouldn't have to do many of these, but I know this won't be my last.   Everything is set up for eviction day...

Send me a message! SO!  Boys and girls, here we are now facing an eviction.  This has been going on for a while now.  Some weeks I thought we'd avoid it, and some weeks I knew we were going to do an eviction.  It was pretty close but at this point, we've seen enough.  Time to move on, cut our losses, and get ready for a new tenant.   Lots of possibilities to move forward and I think it w...

Send me a message! I haven't touched on Grand or Thunderbird recently, mostly because they've been on cruise control. But some recent events have caused a stir!  So good for content, bad for my health and well being!!   Non paying tenant issue at Grand, new lease signed for Thunderbird, and very bleak action on the main lease hunt for Thunderbird.  

Send me a message! Well, I wrote a description and it didn't upload for some reason!  First draft was excellent, what a shame.   I have 2 active deals I'm currently working, I go over each one, pros & cons and break down my thoughts.  Not even sure I should be actively hunting for deals, but it is what it is at this point.  

Send me a message! One of the many reasons people avoid Commercial Real Estate is the lack of active income while building a portfolio.  Of course there are ways to do it via CRE but for the most part, it doesn't make reliable money on a monthly basis in the beginning.  In fact, I've experienced money going out, further enhancing the problem.   In this episode I talk about what I've...

Send me a message! 2025 was a major year, maybe the biggest of my career.  Starting to build momentum, things are starting to work, and a reminder that it takes a bit longer than you think. 1 year of making intentional progress in the right direction is good, but 4 more years of that and we'll be heading towards a much different trajectory. 2026 Objective: Focus on true, real cash flow, $4,00...