Episode from the podcastReal Estate Investing for Cash Flow with Kevin Bupp

Ep #135: How This School Teacher Took Down a 50,000 sq. ft. Office Property on His Very First Commercial Real Estate Deal - with Brian Murray

Released Tuesday, 31st January 2017
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Our guests for this week’s show is commercial real estate expert, Brian Murray
 In today’s show we’re going to be speaking with Brian about how he went from being a school teacher with absolutely zero real estate to full-time commercial real estate investor with a multi-million dollar portfolio valued in the 10’s of millions. And if that isn’t enough to impress you, what if I told you his very first commercial deal was a 50,000 sq. ft. office building. Strap your seatbelts on, kids, this is one ride that you’ll want to hang on for!
Here’s What You’ll Learn:
  • How he transitioned from school teacher with zero real estate experience to doing his very first commercial real estate deal, which was a 50,000 sq. ft. office building
  • How he was able to creatively structure the financing on this property even though it was only 50% occupied at the time of closing.
  • How he was able to quickly take the property from a point that it was just breaking even to making a substantial positive cash flow each month.
  • Lessons on how to successfully own and manage a variety of commercial asset types versus just focusing on one type.
  • The process of converting a prior extended stay hotel into a highly desirable apartment building.
  • How Brian utilizes a “low pricing” strategy in one of his apartments in order to beat out the competition and why he feels this is the most profitable way to run this particular property.
  • How to make the switch from smaller real estate investments and transition into larger commercial deals.
  • A few tidbits on how to find the heavy hitter investors within a particular marketplace and how to establish a relationship with them.
  • Why Brian feels that every investors needs to learn the landlord business firsthand prior to outsourcing to a 3rd property management company.
  • And much more

Recommended Resources:
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
  • Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
  • Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S

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58m 39s
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