Manage episode 276442145 series 2516289
As we continue to make our way through the volatile coronavirus economy, one of the biggest points of discussion is whether commercial real estate is doomed in light of lockdowns and the growth of the work-from-home model.
However, offices and retail spaces are quickly becoming great opportunities in commercial real estate, and other sectors are actually ramping up too.
One of the most valuable things we can do is learn the skill of buying and selling in any market conditions, whether it’s a recession or a low-inventory market. We can still find deals if we go where the need is and follow consumer demands.
What consumer trends have emerged in 2020 and how have they impacted real estate? What are some of the creative ways we can structure deals to make sure we’re always in control of our money?
Three Things You’ll Learn In This Episode
The biggest opportunity in real estate investing today Self-storage is one the best opportunities in commercial real estate right now. With so many people downsizing and moving from larger homes to apartments, people need storage units to keep their belongings. If we can get property at a low enough cost, this can be highly lucrative.
How to avoid being at the mercy of banks Don’t personally guarantee your debt for commercial properties, because you will be at the mercy of the banks if anything changes. Protect yourself by doing your commercial mortgages through shell LLCs. That way, the government can’t come after you personally.
How to maintain control over our money If you’re using seller financing, it’s important to protect yourself by taking control of your money and the deal. Sellers can often hold their money longer than we’d like. To combat this, we can include a unilateral clause in our contract so the seller won’t hold us up.
In this episode, investor, author, trainer and private commercial real estate entrepreneur Terry Hale shares why commercial real estate isn’t dead, and where to find opportunities today.
Terry Hale is an active investor, author, trainer and CEO of a private commercial real estate firm, that provides acquisitions for all commercial property types and investment opportunities.
The firm executes value-add strategies through direct and joint venture investments, primarily with existing assets located throughout the U.S. Utilizing our extensive commercial real estate expertise to create value, to either wholesale to an end buyer or reposition and stabilize for long-term capital gains.
For more information, and to schedule a consultation, visit https://terryhale.com.