Jul 24, 2020
In this edition of The Investing Advantage Podcast, I will be sharing an exclusive behind the scenes of some resources I had exclusively made for my clients. We will be touching on topics relating to commercial real estate investing, such as having a clear target, the four questions, your values, your biases, and your beliefs. Because these things help dictate the way you invest.
Things you will learn in this episode:
[00:01 – 02:25] Opening Segment
- I talk about valuable information that you can take advantage of in this episode.
[02:26 – 12:21] Questions Before Investing in Commercial Real Estate
- Why now? What is driving your decision to start investing in commercial real estate?
- Setting proper expectations. Investing in commercial real estate is not easy.
- SEVEN possible reasons you are investing in commercial real estate
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- Cash flow
- Tax advantages
- Deferring taxes
- Leverage
- Phantom Income
- It is an inefficient market
- Control
- What is your income target?
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- Milestones
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- Security
- Comfort
- Legacy
- Where are you at today?
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- Capital and monthly budget
[12:22 – 16:23] Designing Your Commercial Real Estate Investing Road Map
- Resources that I will leave you that you can use to help build your investing road map
- Homework for YOU
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- Worksheet: your budget and listing your monthly expenses
- Balance sheet: assets – liabilities = your equity
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- I talk about underutilized assets
- IF YOU Calculator
[16:24 – 18:20] Closing Segment
- I talk about the goal for this episode
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- Give clarity to your ‘if you' number, the number that gives you freedom
- Final words from me
Tweetable Quotes:
"There are always deals, the question is really, how much energy and effort are you putting in to find those opportunities?" – Shane Melanson
Resources mentioned in the episode:
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