The Commercial Real Estate Investor Podcast

Key Takeaways: Hiring a third-party asset manager allows real estate investors to take a step back from active ownership responsibilities while still maintaining control and earning income from their investments. Asset managers serve as the CEO of the property portfolio, handling execution, optimization, and strategic direction to meet the owner's goals. Asset managers assess properties, identify...

Key Takeaways: Tyler discussed new investment opportunities through his syndication platform and encouraged listeners interested in investing to contact him. He shared stories from deals he has filmed for his YouTube series to provide a full picture of deals beyond just the outcomes. Adaptive reuse of vacant office space into flex/industrial space was highlighted as a good opportunity currently. N...

Key Takeaways: - It's important to price listings realistically based on market data to avoid getting a reputation for overpricing properties. Sellers may need to hear from multiple agents before accepting a fair market price. - Ask sellers questions upfront about their goals and how they want the property marketed to develop the best strategy. Different sellers have different preferences like pri...

Key Takeaways: Multifamily real estate, especially existing Class B and C properties, can be recession resistant due to people always needing a place to live Healthcare real estate like medical offices is also recession resistant as people will continue needing medical care Grocery-anchored shopping centers can perform well in recessions as people still need to buy groceries and other daily goods...

Key Takeaways: - Seller financing, joint ventures, crowdfunding, and lease-to-own arrangements are alternative financing strategies that can be used to purchase commercial real estate without relying solely on traditional bank loans. - These strategies can help circumvent strict bank qualification requirements like credit scores, cash reserves, and experience. - Factors like current finances, expe...

Key Takeaways: Tyler gave a talk on building a personal brand at a conference and is preparing for another talk at Brandon Turner's REI Summit about how to get started in commercial real estate. He recently got approvals to start construction on his boutique hotel project called Salt Lick Ranch in East Nashville after two years of working on it. He is considering hiring another assistant to help w...

Key Takeaways: - Charging for brokers opinions of value (BOV) can help ensure brokers put more time and effort into the analysis, and get clients more invested in working with them. - A BOV should include an in-depth analysis of the property through site visits, comparable property research beyond just Costar data, and a comprehensive written report. - Presenting BOV work as having value for the c...

Key Takeaways: Flex spaces are one of the easiest commercial real estate assets to own, with low vacancy rates and high demand Developing flex spaces can be profitable if land costs are below $5/sqft and building costs are around $136/sqft Underwriting deals with an 8-9% cap rate upon completion and an exit at a 7% cap rate can provide good returns Selling deals allows investors to complete more d...

Key Takeaways: Tyler discussed the recent NAR ruling on real estate commissions and how it may impact home buyers and sellers. He had mixed views on the ruling. Tyler shared updates on his recent trip to Buffalo and some of his upcoming speaking engagements and projects he's working on. In the Q&A portion, Tyler provided advice to various commercial real estate questions from listeners regardi...

Key Takeaways: - There will likely be distressed commercial real estate opportunities coming up, but it may not be as widespread or at "pennies on the dollar" prices as some headlines suggest due to the large amount of capital on the sidelines looking to invest. - Distressed opportunities will be very market-specific, with some markets like San Francisco facing more issues than growth markets like...

Key Takeaways: Commercial real estate transactions seem to be picking up based on the data Logan and Tyler presented from their brokerages. Pipeline values and number of deals are increasing. It's important for brokerages to track key performance indicators and visualize data to understand where opportunities exist to improve. This helps brokerages be more strategic. Developing an ideal customer p...

Key Takeaways: - Tyler provided updates on projects being worked on at Peerless Mill, including a second version of the Wash project and plans for industrial outdoor storage. - He discussed upcoming events like CCC in Nashville on April 25th and his guest appearance on Brandon Turner's coaching call on April 28th where he will discuss getting started in commercial real estate. - Tyler answered que...

Key Takeaways: - Retail occupancy in Nashville is above 97%, showing retail's resiliency despite challenges like the pandemic - Rents have been increasing, currently averaging around $27 per square foot but higher in areas like East Nashville - Investment sales of retail properties have been occurring, though development of new retail space remains low at around 1.1% of total inventory - Mixed-use...

Key Takeaways: Be wary of overly optimistic financial projections that are not supported by strong fundamentals in the current business model Balance visionary leadership with experienced operations Rigorously stress test tenant demand and credit risks when assessing viability Diversify your tenant base across different industries and company sizes Trust your calculated underwriting thresholds and...

Key Takeaways: - Tyler is focusing more on YouTube content and livestreaming to educate people about commercial real estate. He's seeing good growth and engagement on certain videos. - His salt ranch development project is nearing completion of permitting but has faced delays from the city. - He's working on an exciting lease deal at the Peerless Mill property in Chattanooga. - CCC Nashville, a ma...

Key Takeaways: - Crexi is a leading commercial real estate marketplace that aims to make the commercial real estate process more efficient and accessible through their open platform and tools - They are leveraging technologies like AI to enhance listings, target users, and generate reports to help brokers and investors - Their auction platform is facilitating large commercial real estate transacti...

Key Takeaways: Commercial properties can be bought with no money down through creative deal structures like seller financing, partnering with existing owners, or raising private capital from investors. Getting a real estate license allows you to represent buyers and roll commissions into equity in deals, effectively buying in with no money out of pocket. Building skills in areas like leasing, prop...

Key Takeaways: - Commercial real estate may have hit a cyclical bottom based on signals from large firms like Blackstone that prices have dropped 15-25% from peaks - It's a good time to buy real estate if you can get a good basis and hold for the long term of 7-10 years - Investors need to focus on deals with strong historical cash flows and low-risk assumptions - Leverage will be lower around 55-...

Key Takeaways: The importance of taking action and gaining hands-on experience through initial real estate property purchases. Starting small and affordable with one's first investments to minimize risk while learning. Aiming for at least an 8% cash-on-cash return from investments. Improving real estate investing skills over time through additional purchases and focusing on areas like deal analysi...

Key Takeaways: Tyler discussed looking at commercial properties under $250k, such as a 2500 sqft warehouse near Houston for under $250k that could provide a 10% cap rate. This shows opportunities exist for lower budget investors. He emphasized the importance of networking to find deals and partners, such as through events like CCC. When asked about first-time commercial investments, Tyler recommen...

Key Takeaways: Cultivating relationships with banks, lenders, special servicers is important for finding distressed property opportunities Networking groups like ULI, SIOR, and CREDO are good ways for brokers to meet developers and other professionals Specializing in a specific asset class or market allows brokers to become experts and better compete against generalists There are pros and cons to...

Key Takeaways: The top 10 real estate markets for 2024 based on the Urban Land Institute's emerging trends report, with a focus on investment opportunities in each market. Seattle, Raleigh-Durham, San Antonio, Boston, Austin, Atlanta, Dallas-Fort Worth, Phoenix, and Nashville are highlighted as top markets. The best investment opportunities highlighted include industrial facilities, multifamily ho...

Key Takeaways: Provided updates on several real estate projects including a hotel development and challenges with permitting. Discussed plans to launch a commercial real estate mastermind program and is seeking input on how to make it successful. Also mentioned writing a second and third book and is building a book launch team. In answering questions, provided advice on strategies for finding off-...

Key Takeaways: Tyler and Logan started a new podcast segment to discuss their brokerage businesses each month for accountability and to provide insight into running commercial real estate businesses. Tyler's brokerage did $1.35 million in sales in January, lower than their quarterly goal but they have $56.6 million in active pipeline deals. They track metrics like leads, active deals, pipeline val...

Key Takeaways: Real estate investing in 2024 will require more work but also offer more potential rewards compared to recent years Top markets for investment opportunities include Nashville, Raleigh, Durham, Austin, Phoenix, Dallas, Fort Worth, Atlanta due to job and population growth Industrial, multifamily, and retail sectors maintain positive outlooks while office faces challenges from remote w...