Commercial Real Estate Mastermind
Listen In On Cherif’s Actual Commercial Real Estate Mastermind Discussions With Investors Of All Levels Are Getting Their Deals Reviewed And Questions Answered By America’s Most Creative CRE Deal Maker. There’s A Lot To Learn For Everyone – Even If You’re A New Investor, An Agent Transitioning Into Commercial Real Estate, Or Just Looking To Build On And Sharpen Your Skills.
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JV Secrets, Creative Deals & Market Insights: A Real Estate Mastermind with Cherif Medawar
06/14/2025
JV Secrets, Creative Deals & Market Insights: A Real Estate Mastermind with Cherif Medawar
In this episode, Cherif Medawar tackles real-world questions from CRE DealPRO members, sharing his insights on joint ventures, creative financing, and the latest market trends. From navigating the complexities of escrow and ground leases to understanding the impact of the new FinCENBOI regulations, Cherif provides actionable advice for real estate investors at every stage. Whether you’re a seasoned investor or just getting started, this episode is packed with tips to help you close smarter deals and build lasting partnerships. 📌 Topics Covered: Key points to include in a JV LOI and purchase contract Creative ways to structure ground leases and cap rate offers Understanding the new FinCENBOI regulations for anonymous investing Tips for navigating tenant issues and lease negotiations The importance of market trends and using comps to guide your decisions #CREInvesting #JointVenture #CreativeFinancing #RealEstateMastermind #RealEstateDeals #CapRate #GroundLease #FinCENBOI #PropertyAnalysis #RealEstateTips #InvestingInRealEstate #MarketTrends #RealEstatePartnerships #CommercialRealEstate #RealEstateInvesting #RealEstateGrowth Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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What Sellers Won’t Tell You: Key Questions to Ask Before You Buy
05/10/2025
What Sellers Won’t Tell You: Key Questions to Ask Before You Buy
In this episode, Cherif Medawar dives into the world of creative financing and strategic deal-making, revealing how to unlock lucrative real estate opportunities. Whether you're a seasoned investor or just starting out, Cherif’s insights on structuring deals, raising capital, and analyzing properties will help you make smarter, more profitable investments. Learn actionable strategies that can take your real estate game to the next level! 📌 Topics Covered: Creative financing techniques to close more deals How to analyze multifamily properties for profitability Key questions to ask sellers for successful negotiations Strategies for raising capital from family offices How to structure deals that add value to your portfolio #CreativeFinancing #RealEstateInvesting #DealMaking #PropertyInvestment #RealEstateTips #CapitalRaising #MultifamilyInvesting #RealEstateStrategies #RealEstateOpportunities #CherifMedawar #InvestmentSuccess #RealEstateMasterclass #SmartInvesting #RealEstateEducation #RealEstateDeals #RealEstateCommunity Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Creative CRE Deals, Tenant Strategies & Fund Setup Explained
04/26/2025
Creative CRE Deals, Tenant Strategies & Fund Setup Explained
In this powerful April 26th investor Q&A session, Cherif Medawar shares hard-hitting strategies for navigating 2025’s real estate market. Discover how to protect your short-term rental business from fraud, evaluate triple net lease investments, and creatively reposition vacant buildings with national tenants. Learn when co-living makes sense, how to secure debt funding, and why now is the time to set up your real estate fund. Ideal for fund managers, syndicators, and serious investors looking for control, cash flow, and creative deal structures. 📌 Topics Covered: Solving fraud issues in short-term rentals (Booking.com tactics) Airbnb vs. Co-living: Risks, profits & management tips Triple Net Lease Strategies: Franchise vs. Corporate Tenants Cap rate expectations in California vs. Midwest markets Walgreens, Burger King, Dutch Bros—tenant deal evaluations Debt coverage ratios & funding vacant properties Lease structuring & tenant improvement strategies Hotel investing cycles (Microtel vs. Hilton/Marriott) JV deal contracts, backup offer positioning & broker follow-up tips Why 2025 is not another 2008—and how to capitalize on it Setting up a Reg D 506(c) fund to raise capital legally The difference between syndication & fund structure How Cherif scaled from $10M to $50M net worth with this method #RealEstateInvesting #TripleNetLease #AirbnbTips #CoLivingStrategy #RealEstateFund #CherifMedawar #CreativeFinancing #CommercialRealEstate #PassiveIncome #RegD506c #RealEstatePodcast #DebtCoverageRatio #RealEstateDeals #InvestorEducation #WealthBuilding #RealEstateSyndication #ShortTermRentals #CREInvesting #FundManager #RealEstateTips Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Hotel Conversions Creative Deals and Holding Cost Relief
03/08/2025
Hotel Conversions Creative Deals and Holding Cost Relief
In this power-packed episode, Cherif Medawar answers live investor questions on BOI filings, market slowdowns, distressed property solutions, hotel conversions, co-tenancy clauses, and how to tap into municipal grants. Whether you're holding, selling, or raising capital—this episode delivers real-world strategies for today’s market. Topics Covered: BOI (Beneficial Ownership Information) Filings & Compliance Updates Navigating Holding Costs in a Slow Market Creative Solutions for Distressed Property Sales Chapter 11 Bankruptcy as a Real Estate Strategy Hotel Investing: Conversion, Due Diligence & STAR Reports How to Secure Municipal & Government Grants for Real Estate Co-Tenancy Clauses & Force Majeure in Commercial Leases Lease-to-Own & Build-to-Suit Deal Structures Setting Up Your Own Real Estate Fund (506(c)) Key Metrics for Residential & Commercial Deal Evaluation #RealEstateInvesting #CherifMedawar #CapitalRaising #DistressedProperties #BOIFiling #HotelConversion #CreativeFinancing #RealEstateFund #BuildToSuit #PassiveIncome #CommercialRealEstate #MultifamilyInvesting #RealEstateTips #InvestorEducation Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Smart Investing: Lease Options, 7-Eleven Expansion, and Commercial Property Strategies
02/17/2025
Smart Investing: Lease Options, 7-Eleven Expansion, and Commercial Property Strategies
Join us for an insightful mastermind session with real estate expert Cherif Medawar as he tackles commercial real estate investing strategies, lease options, 1031 exchanges, build-to-suit opportunities, and navigating market shifts in 2025. 📌 Topics Covered: ✅ Investing in standalone retail vs. gas stations ✅ How to negotiate lowball offers without burning bridges ✅ The power of lease options vs. subject-to deals ✅ Key questions to ask when buying an office building ✅ Tax incentives: Opportunity Zones, 1031 exchanges & historic tax credits ✅ How to structure a real estate fund and protect assets ✅ Evaluating post-disaster opportunities in California ✅ The booming net lease investment market & why it matters ✅ Build-to-suit strategies for high-profile tenants Whether you're an active investor, syndicator, or new to commercial real estate, this episode is packed with actionable strategies to help you find, finance, and close the best deals. 🚀 Tune in now and take your real estate investing to the next level! ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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The 2025 Real Estate Playbook: Strategies for Success in a Changing Market
02/17/2025
The 2025 Real Estate Playbook: Strategies for Success in a Changing Market
Strategic Leasing & Subleasing for Maximum ROI | 2025 Kickoff Call Welcome back to the podcast! In this insightful episode, we kick off 2025 with high-level discussions on structuring lease agreements, subleasing to national tenants, and maximizing investment returns through smart real estate strategies. What You’ll Learn in This Episode: ✅ How to structure a lease-to-sublease agreement with national tenants while securing an option to buy. ✅ Key due diligence timeframes to ensure you don’t get stuck in a lease. ✅ Negotiating Tenant Improvement (TI) allowances to reduce upfront costs. ✅ The power of corporate guarantees and how they impact property valuation. ✅ Strategies for converting vacant bank buildings into high-value Quick Service Restaurant (QSR) locations. ✅ How lease renewal options, kick-out clauses, and holdover penalties affect your investment. ✅ Market trends: The impact of rising interest rates on multifamily, office spaces, and QSR valuations. ✅ Build-to-suit strategies and leveraging construction financing for long-term gains. ✅ The profitability of combining real estate ownership with franchise opportunities. This episode is packed with actionable insights to help you navigate commercial real estate deals with confidence in 2025. 🎧 🔗 Subscribe and stay tuned for more expert insights! #RealEstateInvesting #JVPartnerships #CommercialRealEstate #PassiveIncome #CREDeals #LeasingStrategies #Subleasing Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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How I Made $150,000 in Just 4 Months?
12/24/2024
How I Made $150,000 in Just 4 Months?
In this episode, Cherif Medawar shares his incredible journey from having just $1,500 to making $150,000 in less than four months through his first real estate deal. Learn how Cherif transitioned from working in the hotel industry to becoming a millionaire investor, and how his creative strategies, timing, and risk-taking led to exponential wealth growth. Cherif also dives into the power of real estate funds, revealing how setting one up in 2009 skyrocketed his success. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights, including how to leverage credit lines, creative financing, and real estate funds to build long-term wealth. 🎙️Tune in to hear Cherif's personal story, the lessons he learned along the way, and how anyone can replicate his success with the right mindset, strategies, and mentorship. Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Creative Real Estate Strategies: Unlocking Opportunities with Data Centers, Tenant Negotiations, and Sequential Thinking
09/26/2024
Creative Real Estate Strategies: Unlocking Opportunities with Data Centers, Tenant Negotiations, and Sequential Thinking
In this episode, we dive into some exciting real estate opportunities, including the rise of data centers driven by AI demand, practical tips for tenant negotiations, and the power of sequential thinking for successful real estate deals. Whether you're just starting or looking to refine your strategy, this episode has something for everyone. Plus, discover key insights on how to make your deals stand out in a competitive market. Don’t miss out on this deep dive into smart, creative investing! 🎙️ Tune in now to elevate your real estate game! If you found value, subscribe to our podcast for more real estate wisdom straight to your feed. Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Navigating Venture Capital, Private Lenders, and Real Estate Fund Structures
09/26/2024
Navigating Venture Capital, Private Lenders, and Real Estate Fund Structures
Crack the Code on Creative Real Estate Financing! In today’s episode, we’re diving into the nitty-gritty of structuring real estate funds and working with hard money lenders. I’ll walk you through how to handle Class C notes, structure deals for higher returns, and avoid the traps that can cost you profits. Plus, I’m sharing real-life examples on how to negotiate smarter with private lenders and venture capitalists, so you can make sure your deal works for YOU, not the other way around. Whether you’re just starting out or you’re a seasoned pro looking for new ways to boost your cash flow, this episode is full of practical strategies to keep you ahead in today’s fast-changing market. 🎙 Curious about what’s next for your real estate journey? Hit play and let’s get into it! Don’t miss out—subscribe and stay tuned for more insider tips on building and scaling your investment portfolio. Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Developments vs. Flipping: What’s the Best Approach in Today’s Market?
09/26/2024
Developments vs. Flipping: What’s the Best Approach in Today’s Market?
In today’s episode, we’re diving deep into some of the most powerful strategies in real estate investing. First, we tackle an important question—are land leases worth it? Spoiler alert: not in my book! I break down why owning both the land and the building is crucial for long-term success and how avoiding land leases can save you future headaches. We’ll also explore the lucrative world of lease options, revealing how you can make money in three different ways on just one deal! From controlling properties with minimal upfront investment to flipping them for maximum profit, I walk you through the strategies step-by-step. But that’s not all—protecting your assets is just as important as growing them. That’s why we’ll discuss how setting up a Wyoming LLC can help strip equity from your properties and shield your investments from potential lawsuits. I explain how this structure can provide bulletproof asset protection and why it’s one of the most effective ways to safeguard your wealth. Whether you’re a seasoned real estate investor or just starting out, this episode is packed with actionable insights that will help you navigate joint ventures, secure single-tenant properties, and protect your financial future. Plus, I’ll share tips on how to find the best deals, line up tenants, and maximize your profits in today’s market. Ready to make smarter real estate moves and secure your wealth? Tune in now and learn how to elevate your real estate strategy! Don’t forget to to the podcast for more expert tips and tricks, and leave a review to let us know how we’re doing. Your journey to financial freedom starts here! Learn from America’s #1 CRE Deal Maker ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on:
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Navigating Commercial Real Estate Challenges
03/13/2024
Navigating Commercial Real Estate Challenges
Welcome to the podcast where we tackle the complexities of the commercial real estate landscape head-on. Join us as we delve into the insightful discussions from the , where industry experts share their strategies and expertise. From negotiating with brokers and sellers to leveraging licenses and handling tricky business relationships, we cover it all. Gain valuable insights and tips to navigate the dynamic world of commercial real estate. Tune in to unlock the keys to success in your CRE ventures. ABOUT CHERIFCherif Medawar is a renowned figure in American real estate and fund management, with a focus on commercial real estate (CRE). He is the CEO and Founder of Medawar International Group Secured Income Fund (MIGSIF), and Secured Fixed Income (SFI Fund), managing assets worth over $100 million since July 9, 2009. His diverse portfolio includes investments in various property types, notably being the largest holder of historic properties in Old San Juan, Puerto Rico, benefiting from tax exemptions. Cherif is also the creator of the CRE DealPRO Mastermind, an educational program aimed at transforming individuals into skilled commercial real estate investors. This monthly platform allows direct engagement with Cherif, offering comprehensive insights into commercial property investment and capital raising. ---------------------------------------------------------------------------------------------------------------- Also, join us on: Facebook: https://www.facebook.com/cherifmedawar LinkedIn: https://www.linkedin.com/in/cherifmedawar Twitter: https://twitter.com/cherifisms Instagram: https://www.instagram.com/cherifmedawar Youtube: https://www.youtube.com/@CherifMedawar
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Conquering 2024 - Building Success In Real Estate And Beyond
01/15/2024
Conquering 2024 - Building Success In Real Estate And Beyond
This engaging podcast episode offers valuable insights into real estate development, focusing on effective strategies for managing builders. The episode explores the significance of choosing the right builder, the impact of people on business success, and the importance of clear communication and supervision. Listeners will gain practical tips on negotiating contracts, managing construction projects, and ensuring project success in the dynamic field of real estate development. ABOUT CHERIF Welcome to the world of Cherif Medawar, a dynamic force in the realm of real estate investment and economic development. At the heart of Cherif's philosophy lies a commitment to generating positive economic impacts and creating long-term value not just for investors but also for the communities where he invests, lives, and works. This dual focus on profitability and community enhancement is what sets Cherif and his ventures apart in the competitive landscape of real estate investment. Cherif’s training models allow investors to use his Business Models & Strategies to invest on their own, with the network, or alongside him. Today, Cherif has over 1000+ success stories from people who have followed his systems and become successful in commercial real estate. ---------------------------------------------------------------------------------------------------------------- Also, join us on: Facebook: https://www.facebook.com/cherifmedawar LinkedIn: https://www.linkedin.com/in/cherifmedawar Twitter: https://twitter.com/cherifisms Instagram: https://www.instagram.com/cherifmedawar Youtube: https://www.youtube.com/@CherifMedawar
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Converting An STR Building To A QSR
01/02/2024
Converting An STR Building To A QSR
In this Month's Commercial Real Estate Mastermind meeting, we delve into the fascinating world of converting STR (Short Term Rental) buildings into QSRs (Quick Service Restaurants). Join us as we explore the challenges, strategies, and success stories behind this transformation, uncovering valuable insights for investors, entrepreneurs, and property owners looking to make the leap from hospitality to fast-food service. From zoning regulations to menu planning, we'll cover it all in this informative episode. Tune in to learn how to turn an STR property into a thriving QSR business. ABOUT CHERIF MEDAWAR Cherif’s training models allow investors to use his Business Models & Strategies to invest on their own, with the network, or alongside him. Today, Cherif has over 1000+ success stories from people who have followed his systems and become successful in commercial real estate. ---------------------------------------------------------------------------------------------------------------- Also, join us on: Facebook: LinkedIn: Twitter: Instagram: Youtube:
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Insights on Real Estate Investments, Banking Sector and Creative Financing Strategies
04/13/2023
Insights on Real Estate Investments, Banking Sector and Creative Financing Strategies
In this Month's Commercial Real Estate Mastermind meeting, Cherif gave answers on various topics related to real estate investments, the recent developments in the banking sector, with concerns about the safety and security of investments. The attendees also asked Cherif about joint ventures, lease-to-own contracts, and creative financing strategies for office building conversions. The meeting also discussed the challenges of finding suitable properties for redevelopment and the importance of having a real estate attorney for apartment acquisitions. Additionally, the attendees discussed mobile home parks, land leases, and the requirements for traditional or hard money loans. The meeting ended with a discussion on the Great Multiplier and how to stay focused on it with different business models. ABOUT CHERIF MEDAWAR Cherif’s training models allow investors to use his Business Models & Strategies to invest on their own, with the network, or alongside him. Today, Cherif has over 1000+ success stories from people who have followed his systems and become successful in commercial real estate. ---------------------------------------------------------------------------------------------------------------- Also, join us on: Facebook: https://www.facebook.com/cherifmedawar LinkedIn: https://www.linkedin.com/in/cherifmedawar Twitter: https://twitter.com/cherifisms #realestateinvesting #commercialrealestate #realestateinvestor #propertymanagement #cashflow #multifamilyrealestate #syndication #multifamily #multifamilyinvesting #multifamilyinvestor
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Best Ways To Raise Funds For Your 506c Fund
01/21/2023
Best Ways To Raise Funds For Your 506c Fund
* Eric C., NY Hello Cherif! There is a large building/storefront “for sale” situated right in the middle of a very popular, heavily trafficked avenue in a major borough of New York City that has been oddly vacant for about 5 years. The storefront property used to house a “CVS” pharmacy, so it is a large space. That CVS relocated to a corner property with a parking lot on the same avenue. A couple of years ago, the building was allowed to be used and operated by the “Salvation Army” as a thrift store where the community donates items they resell to the public. I assume the storefront’s lease was “donated” temporarily for charitable reasons. Then shuttered again for a couple of more years – And now they’re back again! The building is still for sale. For a couple of years, I have been racking my brain trying to figure out what good possible use for the property but to no avail. I imagine other prospects for the property are probably experiencing the same. No possible QSR like McDonald’s, Burger King, or Starbucks would make a good fit. There is only one small “Dunkin’ Donuts” a few feet away. Then it dawned on me that a “City MD” urgent care center would make the perfect business model for the location as there are several other medical office buildings located on the same street, including a large annex for a nearby major hospital. My question is this. I am fearful of trying and tying up a property only to rely on just one possible prospective tenant, which could turn me down in one flat second. The “Smile & Dial” approach wouldn’t apply here. Have you ever attempted to tie up a property with just a single prospective tenant in mind? I realize the deposit is refundable, but I was wondering if you would even attempt a chance to tie up a property that you feel has no prospects for anything else? Do you think enlisting the help of a local politician (assemblyman/congressman) to contact and entice the prospective tenant to consider occupying the space since I’m sure the property has proven to be an “eyesore” to the community for so long? I look forward to hearing from you, Cherif. Thank you very much. Cherif started answering his questions right at a1:01 pmpm EST. * Alex M., WA I have a deal I would love to get analyzed; it’s one I recently purchased. 2 separate buildings on one lot, one I believe could have the potential for drive-throughout. Here is the address: 24645 Pacific Highway S Kent, WA 98032. Not sure if this was discussed before, but what are Cherif’s thoughts on the impact of rising interest rates on Cap rates & what is he doing when underwriting deals to be conservative about this? 1:14 pm EST Producing Income Concept The Income is the Oxygen The key thing is the Numbers and understanding of the CA1:17 pmpm EST. A lot of people think you need all the knowledge when it comes to business, but you need the people…. * Icon M., FL Would you do a deal with a strong personal guarantee and a 15 yr. else? If not, why? Would you do a Build to suit for a national tenant (Single tenant building)? Would you do a 20 yr? Lease? What retailers should you stay away from (not growing) What are the major benefits of investing in historic buildings/areas 1:17 pm EST, he answers Ishon’s Questions at length Cherif explains persona guarantees vs. corporate guarantees- and he explains/compares the power of the franchisee guarantees. 1:20 Helping others and getting burned (About leases without GUARANTEES. 1:23 pm EST Managing Risk, minimize risk. He “quotes” an insurance reference. 1:24 pm EST Asset Protection Steps (General KMAGB usage) 1:32 pm EST Everything comes at a cost * Jason P., CA Hi Cherif, What would you do with $100k in today’s environment? I’m in the middle of a 1031 exchange; he and I have been doing single-family rentals for the last 4 years. You always say, “flip residential, hold commercial, “which I love, but I don’t know where to go from here. Any feedback is appreciated! 1:39 pm EST The evolution of RE Biz (Also answering Tim K QA) Flipping assets is very important 1:42 pm EST Spiritual Universe He makes a FUNNY: Those who don’t believe in God should know I am a land LORD. 1:43 pm EST What is the end goal of knowledge? *Tim K., WA Sadly, I will not be able to make it to the live call this month. But if you wouldn’t mind answering these questions, I will be watching the recording. Cherif, it seems like you have two main businesses. Fixing and flipping high-class residential and investing in long-term commercial deals. Which one did you start first, and when/ why did you decide to add the other business??? When do you know it’s the right time to add another business? What have you found to be the best way to raise funds for your 506C fund? How do you cast a vision for your team to ensure everyone looks at the same goal? Vision board? Just a spreadsheet/ document? Etc? Are you concerned about raising interest rates causing CAP rate expansion? Why or why not? 1:44 pm EST How did Cherif get started 1:47 pm EST Right time to add another business… WHAT IS FORCE? 1:50 pm EST Tim’s question about Regd 506c (Cracking the code on RE Funds) It’s all in the structure… The right structure from the get-go (structure, rules/compliance) 1:54 pm EST 6 STAGES OF GETTING A TEAM TOGETHER… A formula that concludes with an explanation of success * Billy O., TX DealReview I have a very unusual purchase opportunity….A $360K Walgreens in a small town, 8000sf Walgreens, 1 yr left with lease’ 10% cap, Will not agree to ‘blend and extend’ at the moment, Rent is $4.5 per SF, NOI $36k, Purchase Price $360k, 1×5 year option at 11% bump The property is in a small town with; a population of 8k No Dollar store is available Could you suggest businesses that would be a great fit What would you charge per SF for a Dollar General? Can I write an agreement with a store like DG during the 30-day DD that would lock them into a long-term NNN lease ‘SUBJECT TO’ Walgreens ‘executing’ their LAST 5-year option? My initial thoughts are the following for the new NNN lease with DG: 10+ yrs, NNN, $8sf, 10% bump at years 6-10 Any thoughts? Could you please explain in detail your ‘tax-free or deferred’ option similar to 1031? What fixed interest rate are you paying for CRE long-term loans? Are there still Asset Based lenders available? How does that work on a new purchase? If I am purchasing a property that is 33% of ARV (after a new 10yr corp guaranteed lease is in place), is there a way to find a lender that will lend at 100% LTC? 2:04 pm EST, he answers Billy’s question above 2:06 pm EST Define a good deal 2:07 pm EST THE # MOST IMPORTANT Qs IN LIFE. What would you change about a lease 2:09 pm EST 1031 Exchange QA (GREAT FOR CONTENT PIECE for SFIFUND) 2:12 pm EST Asset-based lender question 2:14 pm EST The compounding effect in reverse *Todd S., MN Just to share some good news: I signed a 10 yr term commercial retail lease with two 5-yr Option renewals on April 21st; no Tenant improvements paid but one free month, no early termination, besides base SF rent ($10.59/SF) that increases 2.5%-YoY, am getting a percentage of Sales at 6% for everything over $750k in Sales with penalties is not paid in a timely fashion and if certain percentage off on that reporting, in a NNN Lease capped at 4% on controllable expenses, but had expanded the un-controllable expenses list, I gave them 90-day buildout with the one month free Rents (Base+OPEX-est.) commences on September 1, 2022. What are your thoughts on these articles? Would you like to share with the group? I came across an article and a graphic on SFT listing inventories and showing how much they have declined across the country. I hope you like it and find it useful: 2:17 pm EST TODD’S TESTIMONIAL 2:20 pm EST Stick with the formulas * How Re-Listing Inventory Changed Over The Past 5 Years * An Inventory Crunch Is Making Life Impossible For Home Buyers. Our Interactive Map Can Help You Track The Availability Of Houses For Sale Near You: * Joseph, FL Does your asset protection protect businesses that are considering filing Chapter 7? KMAGB Benjamin M., CA & OR Hi Cherif- On the hunt for a Vacant QSR here in Portland that matches what we are looking for for the program. I know you will not get into the JV Program here- but I wanted some general advice. I have been finding more and more of these QSR and Restaurant plots similar to those listed below. I and my parents are contractors here in the area and can tie up the property to verify these types of properties fairly quickly. Please let me know if you may have an interest in this type of opportunity or if there is a specific way to structure the deal to match the program. Please advise Also, if there is a possibility to schedule a consultation call. I am currently following your SF model (Fix & Flip higher-end property) and now looking for where to 1031 to send the money to, limiting taxes while adding cash flow. 2:25 pm EST Cherif gets into Benjamin’s QA 2:26 pm EST PEOPLE CONFUSE PRICE WITH VALUE 2:32 pm EST JV PARTNER PROGRAM CLIP, Wholesale = JV Partner Program * Alan C., CO Do you know of a trade show or conference attended by the QSR professionals we are calling when we have a QSR property for them? RV and Mobile Home Parks: We are evaluating an RV Park and an RV/Mobile Home Park. Do you have anything additional to add beyond what’s in the University? As career oil & gas professionals, Sally and I have access to and are comfortable with O&G limited partnerships and the special tax treatment for investing in drilling new wells. (65%-85% of drilling/completion costs can be written off against an investor’s federal tax liability in the first year of investment.) Have you taken advantage of this? Any insight or advice? I.e., when oil is $100/bbl, the payback is rapid, and then later, you have a long-term income-producing asset. *Victor H., SC (answers at 2:32 pm EST) How do you wholesale commercial estate? Is there an opportunity for commercial tax liens in any city across America? It doesn’t seem like I can find any. * Jane E., AL(answers at 2:35 pm EST) I have studied you for many years. I can report I have reviewed your Syndication, JV, and partnership online course 6 times. I learn something new every time. In your opinion, if you had to describe your “specialty” in investing in real estate, what would it be? You have so many models- but how would you define yourself and your specialty? Describe your specialty Who is CM? 2:35 pm EST to 2:46 pm EST 2:45 pm EST Cherif’s next challenge for himself * Tom L., CA Cherif, as I had indicated, I am in a 1031 exchange, and I’m interested in hearing what your thoughts are on what single-tenant net-lease deals I should trade into that promise safety and cash flow. 2:38 pm EST Calculation on Owner Financed Deal- great case study and content piece * Rizwan K., CA I wonder if it is possible to buy in San Diego with a Good cap rate. What do you recommend? Multi-unit, retail space, single-family home. Or anything else If not the San Diego area, what other areas or other states do you recommend? (We skipped this but came back to it at the end of the call.) * Eddie V., TX Can you explain how you can buy a building and pay yourself with a NNN lease? I saw a video on YouTube, but it only went through part of this strategy you have. Can you explain in detail now? You also talked about the power of the lease option. Please explain further. I’m new to CRE. Can you explain what you mean when you say, “Money is a state of mind…” 2:50 pm EST NNN 2:52 pm EST The power of the lease option The entire concept of negotiating is a WIN WIN 2:56- you may want to edit where he slips up and says clean-white. It was just a slip in his words. You can cut it out. Meaningless. 2:57 pm EST THE GAME OF MONEY…. 2:59 pm EST Be patient in the game 3:05 pm EST Rick Trevizo QA What is a rule of thumb for interest rates in CA (LA)? 3 pm EST If you are becoming a fund manager- CLIP for Cracking the Code on RE Funds 2:52- 3:04 pm EST THE GAME (Great content piece) Victor S QA 3:07 pm EST Refi vs. Cash out (Cherif gives a great answer) 3:19 pm EST What do you look for in a mentor
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Rising Interest Rate's Effect On Commercial Real Estate
01/18/2023
Rising Interest Rate's Effect On Commercial Real Estate
* Discussion Topics And Questions: * Peter M., NY Hello. I have two questions for Cherif. Do you recommend always hiring an attorney to overlook & draft the Property LOI, Property PSA, Tenant LOI & Tenant Lease Contract before signing? If not, which one of these do you recommend bringing an attorney into? How much can we expect to calculate for major improvements to a vacant property? I am currently looking at an old Pizza Hut that does NOT have a drive-thru. I’m assuming any national tenant today is going to request one. What is the general scope of work that would need to be done to have that completed, and how much $$? At 1:06 pm EST, Cherif talks about “the Nibble.” * John P., TX I am considering doing a residential deal outside of San Antonio with a contractor. I will be doing a joint venture agreement with him. Can you give me a few pointers on terms & conditions I should include outside a normal, straightforward JV agreement with my state? Can you give me some challenges I MAY run into that will keep me and my partner on the up & up? You always say, “the deal is great until it’s not or money is involved…” Looking for guidance from the man! 1:09 pm EST Cherif gets into Responsibilities & Duties in a JV Agreement. Cherif explains to put all terms in an email, including how you expect to be answered, how quickly you expect an email back, etc. 1:14 pm EST How solid is the person you are working with?!? It all starts with people. 1:15 pm EST extreme of money * Ralph D., Canada Is it a good idea to apply the ‘House Hacking’ strategy to CRE, and have you successfully applied it in your practice? Could you share some ideas or examples? What are the pros and cons when a business is owner-occupied with house hacking? 1:16 pm EST House hacking, (a) how to increase income and (b) pay yourself the highest rent possible… (1:20 pm EST) 1:18 pm EST African Proverb & lenders 1; 22 pm EST Are you going to sit and cry… * Freddy M., NJ 1:23 pm EST DEAL REVIEW Hello, I have this property: 193 N Washington Ave, Bergenfield, NJ 07621 ($350,000) My question is, what do you think of this property, and how can I take it to its highest & best use? Thanks 1:29 pm EST What is a Deed? 1:35 pm EST Sense of urgency * Margarita F., CA Hello Cherif, Thank you for all your hard work and teaching. All the modules are mind-blowing. I have a question about building business credit. If I want to build business credit, do I have to use a credit card for invoicing my business on PayPal? Or can I use cash from my savings account to invoice and pay my business through PayPal? When is it best to build business credit? I currently do not have a business LLC now, so my question is should I open an LLC? With business credit, can I purchase my first home? 1:36 pm EST BUSINESS CREDIT SECTION- HUGE FOR SOCIAL MEDIA!!!! 1:37 pm EST Days beyond the term 1:45 pm EST Tipping point 1:46 pm EST The 1st Step is to raise capital for yourself * Billy O., TX (JV and CRE DealPRO) Can you comment on this rate increase from June 15th? I would like to understand the correlation of the fed rate increase to ‘market’ cap rates. 1:51 pm EST Billy QA regarding INTEREST RATES- very important to current events, will get views! 1:50pm EST Here is the game Loraine H., NJ (2:03pm EST) (CRE DealPRO. She owns 4 rentals and wants to scale her RE business) In some of your videos, you talk about “verifying that any inspections or title, etc.” is at the discretion of the Buyer. When putting a medical condo reposition under contract, should I ensure that the inspection is at my discretion? Do I let the seller order the title report? I’m not sure I know what “title etc.” means exactly. Should I get title insurance and let the seller order the title report? Please advise. *Alan C., CO A prospect of mine in which my close friend, former colleague, and protege is now moving rapidly through the management rank at an Environmental Service company. There may be much more opportunities long term. We spoke recently about another property in OK, and he has been given permission to remodel it and move his group into it. We spoke about a sale-leaseback on this property, but there is much more potential with his Company. (Name is confidential) The Company grew rapidly through acquisition over the last 30 yrs. And in doing so, it has collected a massive The inventory of assets constantly overwhelms the management. The management is industrial operations people skilled at hazardous waste clean-up and disposal, not CRE. Please advise of any thoughts or ideas you may have. 2:14 pm EST What entities can you get good deals from?? 2:19 pm EST Sale-leaseback * Jake B., AZ (2:24 pm EST, CUT THIS FOR KMAGB Content Piece!) Does your asset protection protect us from having to do a Prenup? And how many properties can go under one WY LLC? Do the assets have to be in one person’s name, or can they be in LLCs? 2:24 pm EST, CHERIFISM, “The more money you make, the more romance you will have…” 2:30 pm EST There are 3 types of liens in the USA 2:31 pm EST Understand the SYSTEM *Duncan A., VA (2:34 pm EST) – you can TIE THIS QA INTO JOHN P’s QA at 1:09 pm EST. It will give you a lot to work with for a Content Piece about drafting an Agreement for a joint venture deal. It can be a Cracking the Code on RE Funds content piece. Use the animated logo at the end and lead them to contact the office to set up a RE Fund and learn about raising capital for real estate….) He defines syndication, securities, and RE Funds- and makes comparisons. 2:39 pm EST “All good contracts are good until they are not… CHERIFISM 2:40 pm EST What turned the economy around in 2008, RegD Do you like partners in a project? How is the best structure set up for 2-3 people? Most are just bringing money. I will be doing most of the work with a contractor. It’s a larger fix & flips in South FL. * QUESTIONS FROM THE CHAT: 2:41 pm EST Philip’s QA about HELOCs and lenders 2:46 pm EST Todd’s QA about S-Corp clarification 2:54 St Germaine Act 2:56 pm EST Philip’s QA about nonperforming notes. Cherif recaps his note program. Good stuff! He covers the KEY THINGS when buying a NOTE. Talk to those who defaulted. 2:58 pm EST Cherif- I thought you could close with something we discussed today… YOU NEED TO ACCESS Know yourself Know others And know the market & your background
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Commercial Real Estate Investment Outlook 2023 - US Economy Is Not Driven By Market, But By Policy
01/18/2023
Commercial Real Estate Investment Outlook 2023 - US Economy Is Not Driven By Market, But By Policy
Janeen M., DE 1:01 pm EST I have the property under contract! Yeah!!! I am responsible for finding the title company. They want me to select one today. With the last couple of properties, I had under contract, the broker hired the title company. This required very little input on my end. What do you think I should ask the title company? Should I expect to make some type of upfront payment? My EMD is in an escrow account with Keller Williams Realty Centre, but they are not a title company. Is that ok? 1:06 PM EST Cherif talks about how important insurance is Tom T., IL (New JV Partner) 1:10 PM EST Up to this point, when contracting properties, I have had the Seller’s Agent provide a contract and I would request revisions as necessary. This time, the Seller’s Agents insisted that I submit a contract. Since they accepted all my terms, I did not want to be totally inflexible. I have been looking at the contract you provide for the JV Partners, and I am confident that it is very thorough! However, it is a bit challenging for me, partially because it is much longer and in-depth than any contract I have worked with up to this point. I will need to submit a contract next asap. Should I get a lawyer? 1:11 Cherif talks about talking about “money” and how you should NOT be uncomfortable 1:12 PM EST Fernando has a question in the chat about insurance rates Garrett T., FL 1:13 PM EST 1) Do you see another real estate downturn similar to 2008-2009 and if so how could we benefit from it? Cherif answers with the 3 categories of people who will be affected by the market He shows calculation.com CHERIF TALKS ABOUT A TRAINING ON WRAP-AROUND MORTGAGES, SUBLEASE, OPTION TO BUY, ARBITRAGE 1:21 PM EST Cherif references Tiffany/Brian’s Fund (use for possible Cracking the Code promo) 1:22 PM EST Cherif talks about the Notes Business Cherif talks about what he has been talking about. He reviews/reminds us what he discussed would happen in the market in 2023. 1:27 PM EST Solvency- you need cash flow to sustain 1:27 PM EST What is the trifecta of disaster? 1:30 PM EST Most of your problems in life come from liquor and leverage You have to be very creative… (When there is problem is LIQUIDITY) 1:31 PM EST Cherif compares 2009, to how and why he started a RE Fund 1:32 PM EST Residual value in your life 1:33 PM EST RECAP 1:33 PME ST Raising capital is two-fold 1:35 PM EST Garrett’s QA2- Cherif talks about the earnest money ALTERNATIVES 2)Whether someone is a JV Partner or not, do you have strategies and alternatives for EM when submitting a contract? What are alternatives to raising capital or negotiating out of putting earnest money down if the individual doesn’t have the money? This could be for any type of commercial asset. 1:38 PM EST Cherif talks about how the US economy is not driven by MARKET, but by POLICY VOID ANALYSIS 1:41 PM EST Anthony L., OH I know Cherif has many years of experience in hotels. I have an opportunity to develop a Microtel hotel from the ground up with a team at Wyndham and other potential developers that I can bring in. My question is with Cherif’s experience how would a micro-tel hold up in a cyclical cycle? Or should an investor stick to higher-end brands such as Marriott or Hilton? I would like to ask Cherif a question live to get his feedback. I would like him to give me a presentation for me to share with my Network of Investors who want to set up a Fund, like me. What is Cracking the Code on RE Funds vs. syndicating? What is the benefit of working with Cherif vs an attorney only? Why is the timing right to Crack the Code on RE Funds? Why are you helping people set up a RE Fund like you? Aren’t you creating competition? What is the benefit of launching a RE Fund in 2023? What advice do you give to new RE Fund Managers to launch in 2023? 1:42 PM EST 2 Factors to consider 1:44 PM ET Cracking the Code Presentation 1:52 PM EST WHY NOW !:56 PM EST Oshin’s QA1 Oshin B., CA 1) Does seasonality play a role when contacting tenants as far as their response time is concerned (i.e.: Holiday Season such as the end of the year)? Tenants Representative 2) What about the geographical location of the property and seasonality as far as weather is concerned since the majority of the tenants would want to do improvements on the property? 1:58 PM EST Oshin QA2 1:59 PM EST Nat R., CA I am starting a full rehab on a duplex in Modesto. I have narrowed it down to 2 designers and 2 contractors. What factors should I consider in making my decision? How would you suggest I contract with each job? What advice do you have with your experience? At 1:59 PM EST Cherif answers the question and gives his LIST OF 10 CRITERIA for working with CONTRACTORS/DESIGNERS At 2:09 PM EST, He RECAPS it 2:09 PM EST Jay’s QA1 Jay W., Toronto Hi Team, interested in your Joint Venture program. We are located in Canada, wondering if your boundaries extend this far, does this business model operate the same way in Canada as it does in the U.S.? If so, are you still taking on new partners? (2:11 PM EST) We have a carwash business in Toronto. I would like to bring it to the US. From a business standpoint, what do you suggest? How can we break into the market? Is now a good time? What are the steps to start? Do you suggest development? 2:13 PM EST Miles QA1 Miles M., NC Would you buy a 5-unit strip mall building on seller finance or a master lease? Will I be expected to pay more if I’m buying it on seller finance terms or as a master lease option? Master lease, find the win-win. Cherif prefers the master lease with the option to buy. 2:20 PM EST Miles QA2 What advice do you have for a broker outreach campaign to get pocket listing/off-market properties sent to us? What are the top 3 types of commercials I should focus on? I was thinking (of storage, apartments, and strip malls) Seller financing and wrap-around mortgages. Cherif talks about how the banks react to this strategy. 2:23 PM EST TOP 3 TYPES OF CRE properties Cherif likes small hotels 2:25 PM EST Position storage facilities against RETAIL 2:27 PM EST QA3 Some tenants I spoke to want to buy the building vs lease, how do you approach that? How much would you charge the tenant? Do you have a sample agreement? 2:31 PM EST Miles QA4 I’ve noticed in my area that tenants tear the whole building down to add new building concepts instead of doing a renovation. ex: a Vacant Payless with a bigger sq. ft and lot was torn down and turned into a Dunkin Donut. So, does it really matter if the building is bigger or it is a 2nd gen restaurant if some tenants are more interested in the lot size vs building size? 2:34 PM EST Miles QA5 I’m a broker, how can I take advantage of using my license when buying CRE buildings for myself? How can I get paid multiple times in one transaction? (get paid a wholesale fee and broker commission (purchase & tenant fee) 2:35 PM EST Jean’s QA 1 2:37 PM EST Jean’s QA2 JeanL., FL I own multiple properties in an LLC. Can I put a lien on the LLC to strip the equity? I already have your KMAGB set up. I own most properties in my name, but these are new in an LLC. Please advise. Also, what makes your asset protection different than setting up a Family Trust? 2:41 PM EST Todd’s QA1 Todd M., CT (Can’t make the call) I have a property management company. My team is managing 200 doors. There is a lot of stress right now on all fronts. Do you have advice to energize the team and motivate them going into the New Year? I am going to expect them to give a little more and I don’t have much to offer as an incentive money-wise. How should I kick off the New Year before they take off for Christmas? 2:49 PM EST Cherif talks about the best structures for people investing in DUPLEX 2:56 PM EST Todd asks about the motivation for his team and Cherif goes into a great case study and feedback with emotion CHERIFISMS: Connect your plan to the execution of 2023 and create a climate…. There’s nothing like having a purpose…
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How To Diversify Your Commercial Real Estate Portfolio In This Economy - Creative Strategies
12/29/2022
How To Diversify Your Commercial Real Estate Portfolio In This Economy - Creative Strategies
* Discussion Topics And Questions: * Sara M., NC How would you suggest an investor diversify their portfolio for this economy? I have 2 rentals and one small piece of property, but I do not know if I should sell and get into something new. What are your thoughts? How can I increase my credit score? * Leza B., CA I would like to know some dos and don’ts for purchasing commercial deals. Do you think banks will loan on commercial deals right now? * Alan C., CO Has Cherif or anyone used the First Right of Refusal Contract to hold a property instead of a full Buy/Sell Purchase Agreement while Smiling and Dialing hunting for a National tenant? Zero to very little Earnest Money No proof of funds required We are more up-front with Brokers and Sellers Less commitment, less risk Much easier to obtain I was thinking of running an ad in Franchise Magazine. (Assuming the ad is effective, it increases my funnel dramatically) Thoughts? Any downsides that I’m not aware of? * Matt G., FL Can you give us general information on a few CREATIVE strategies to BUY residential deals in this market? No money-down ideas to get us started. * Oshin B., CA I am part of the JV and have been looking for properties in CA. Unfortunately, I have not come across any newer buildings. Everything is very old. Some of them have been remodeled or retrofitted as far back as 20 years. Will This work? What about a building that is attached to another building but has its own individual deed? I found a location in a downtown area, and it was originally built 120 years ago and titled as a historical building. However, the interior is built with a nice red brick, and the flooring is hardwood; located next to a lot that is covered with grass (what looks like a pet park) and across to the property, a 140-space parking lot is being built will finish by the end of this year. This building is one block away from the city hall and transit station. A couple of national tenants are located 1-1.7 miles away. However, there are local food businesses, ice cream, and coffee shops on this street within the next 2 blocks. 1) I would like to know your opinion about this type of property located in these locations. 2) Can we bring a national tenant that is not a QSR so doesn’t require a grease trap and kitchen (i.e., Dunkin Donut, Coffee Bean, and such tenants)? In case of sale/leaseback, since we are becoming the building owner, do we have the power of setting the lease terms, or the listing broker will have the leasing terms as part of the sale price/package? * Jeff K., CA (NEW to CRE DealPRO but is a Broker and can’t be here on the call) I broker land and want to start a Fund for Renewable Energy in CA, AZ, TX, and OR. Do you suggest a debt fund? * Bill B., NM When managing apartments with 50+ units, what advice can you give on managing the Property Managers OR managing the property myself? Do you think you will bring back GBA for tax incentives in the future? * Chad T., NY What are the pros/cons of Family Trusts, LLCs, and your structure for stripping equity? How can I protect my cash and trading account if I have the structure with you? Is that a UCC1? Did your kids start school? Are they happy to be back in the books? How do you manage all your deals and family life? * Tamara C., FL I see that you usually only invest in the US- why not internationally? Do you feel the legal side is too difficult to manage? Why are you so set on this? * Jordan., IL What are the biggest challenges you run into as a commercial real estate portfolio holder? Is it with the tenants, the buildings, or the people involved? How can I explain to a broker that the “refundable” EM is a win for all? The past few deals have been nonrefundable EM, and it’s killing me. * FINAL TOPIC IN CLOSING: Please expand on your thoughts. The great Multiplier. How does this work, and how can you keep focused on it with many business models? The importance of “howling.”
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How to Raise Capital for Commercial Real Estate Without Any Experience?
12/29/2022
How to Raise Capital for Commercial Real Estate Without Any Experience?
* 1:02 PM Cherif talks about Victor’s Q. Victor S., CA 1. What should I do to attract a national tenant to my strip mall (as opposed to a single-tenant building)? I have a strip mall with 11 units (see photos below). 2. Can I get a triple-net lease for a unit in a strip mall? Or do I charge CAM fees instead? 3. Can a Class C strip mall property be turned into a Class B strip mall property? Or does it mostly depend on the neighborhood? Images of my strip mall in Wooster, Ohio, are below. 1:09 PM EST Cherif defines CAM Fees for CRE 1:11 PM EST Cherif answers Victor’s 3rd Q and goes into the story about Jack in the Box. 1:17 PM EST Cherif walks through Janeen’s Q. * Janeen M., DE Normally, I know he would not be interested in strip center-type properties for the JV Program. I thought he announced in the live training we attended in August that he was willing to purchase a unit in a strip center or, let’s say, connected property as long as it is for purchase only. I will go back and watch the video to understand what may have caused my confusion. Trust me. I was so surprised when I thought I heard that. Thanks for the clarification. 1:20 PM EST Cherif answers Alex’s Q. Cherif talks about RISK and what it is you are trying to do. 1:26 PM EST Buying biz. * Alex B., HI Deal Evaluation and question. 1. There is an industrial building on a major road with a 25,000-car traffic count. The owner died, and the son is selling. Property rents for $1-$1.50 per square foot. They have it listed for $1 per square foot to buy, and I got him to verbally agree to .75 per square foot on the purchase price. The building needs some love, but the son wants to sell it. They have a loan to a relative for about $150k, but otherwise, the place is free and clear. -What would be some creative ways to approach this? I thought the seller financed with a small down, so I can fix up the place, rent it out, and refinance him. 2. I was also reviewing the Checklist for Buying a Business at your University. Would you add anything to this list in today’s economy? 1:34 PM EST Cherif answers Xhebrail’s Q about raising capital 1:38 PM EST Cherif covers the 5 Ps * Xhebrail, NY Recently I have developed an interest in raising capital for a commercial real estate project in NYC. I have been trying to self-educate myself on this topic for a while now. I have watched a lot of content on the internet and recently came across your YouTube channel and like what you have done. Basically, I am trying to figure out how to structure a fund for this kind of project. The project will be a new development of a sports complex in Staten Island, NY. I need help with the formation/structure of this fund. I would also like your feedback about this matter. One person told me I would not create this fund because I do not have a background in raising capital. In one of your videos, you mentioned that you can structure a fund and consult on best practices. Can I raise capital through platforms like Indie, GoGo, Kickstart, Or StartEngine, etc., Or is it better to start my own fund? I wanted to let you know that I have no experience in raising capital but have a background in real estate. This is something that I really want to give it try. 1:42 PM EST Always invest in your own projects 1:43 PM EST Cherif answers Matt’s Q * Matt G., FL Do you have advice when choosing a Title Company? 1:46 PM EST Cherif has a soft JV reference, which we can use in a JV content piece (CTA) 1:47 PM EST Cherif answers Megan’s Q. and talks about Turnkey rentals. 1:49 PM EST Facts & Figures 2:00 PM EST How to sell BIZ Megan B., SC 2:10 PM EST Cherif answers Ishon’s Q 2:14 PM EST Can you go back on your word?? Insist & resist 2:17 PM EST Cherif answers Ishon’s 2nd Q 2:20 PM EST Cherif answers Ishon’s 3rd Q 2:21 PM EST Tom Tangler asks a Q in chat He talks about Highest & Best use (CRERT subscription CTA) 2:26 PM EST Cherif talks about his routine 2:28 PM EST “6 Things to Look at…” Location Timing What to do/who to do it with? Who/why * Ishon M., FL 1. What would be some good incentives to get the tenant to come up on the rent? 2. There is a historic zone area near where I live, but the space is 14k SF, and they want 3 million for it. What should I do? Would you structure this as a lease with an option or a straight purchase option? 3. If I do a lease to sublease to a big national tenant, what if the landlord asks me for a list of stores I own? If they think I am a mom-and-pop or see I don’t have any experience in running a business, they may not want to do business with me. 2:30 PM EST Cherif talks to Alex Madkour on zoom and answers his Q. Q: Should I look at properties that have been sitting on the market for a long time? CHERIFISM: The choice of words is so important… (JV CTA for social media content piece: 2:32 to 2:35 PM EST) * Dana R., MA Keep hearing a lot of talk about the recession, rising interest rates, and property prices slowing down. Should we wait until there is blood in the street to get the best possible deals? For future reference, is there a better way I can communicate this? 2:37 PM Where is the market going (Price-Terms) 2:44 PM EST Floating interest rates 2:46 PM EST, Cherif answers Oshin’s Q. In this section Cherif covers new QSPs for JV. This should be used in a JV content piece. * Oshin B., CA As I look around for single-tenant buildings for the JV program, when I search for nearby retail building leasing prices per square foot, I find a lot of nearby retail buildings vacant and being advertised for lease with terms such as 1-3 years and 3-10 years. Isn’t this going to cause a problem for the JV program business model since we should be looking to find a building where there is no other vacancy nearby? 2:52 PM EST, Cherif highlights Todd’s Credit Score as a FOLLOW-UP to last month’s CRE DealPRO Zoom call. 3:02 PM EST Cherif talks about working with local banks for special programs to build credit and get financed… “As interest rates increase, small banks wo; have special programs.” * Luke M., GA (NEW JV in Atlanta/Marietta, GA) I know we put our own name on the contracts when we go to buy with “and or MIGSIF” as the buyer. But when we get to the closing HUD statement where our assignment will go, can we get paid through our LLC instead of one person’s name? This would help us with our business taxes and dispersing funds to our team after the closing. * Chad R., NV 1. Can you explain what a “Double Close” strategy is? 3:05 PM EST Cherif answers Sandeep’s Q * Sandeep A., CA I am looking for a stable cash-flowing asset with future upside/value add potential. Purchase price under $5m. Considering hotels and mobile home parks. Should I also consider other asset classes? How should I go about market/metro selection? Primary vs. Secondary vs. Tertiary markets? Any markets you recommend and/or advise against? 3:11 PM EST Cherif answers Billy’s Q * Billy O., TX Are you familiar with DDCR Loans? Are they a good fit for commercial RE investments? Can you suggest several lenders that offer this program? * Todd S., MN Cherif- you wanted to tell the group about Todd’s phenomenal credit score!
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What Happened To Cap Rates In QSRs, And Other Commercial During The Early ‘80s
11/23/2022
What Happened To Cap Rates In QSRs, And Other Commercial During The Early ‘80s
Billy O., TX What happened to cap rates in QSRs and other commercials during the early ‘80s? Cherif shares his screen. He explains he’s not predicting- but gives his feedback. What are some good strategies to extend a lease with options(bumps included)? I’m hoping for a 10, 15, or 20-year extension. What incentives would you suggest? QA 1:06 PM EST If a tenant insists on a longer lease than what you, as the owner, want to give, you can write up a fair Termination Agreement. Or look for smaller tenants…. As soon as you start to compromise as a landlord—you are compromised…. KNOW YOUR RANGE OF NEGOTIATIONS (Todd interjects) 1:12 PM EST Billy explains his connection with CVS 1:15 PM EST Cherif starts answering Q#4 below. Cherif talks about the social proof for National Tenants and the criteria. Are there free equivalent services to Placer.ai….I special in CVS acquisitions. They are tight-lipped about annual sales. Placer shows traffic and compares it to other CVSs in the city, state, and nationwide. 1:16 PM EST How to understand the price of an existing QSR? Cherif explains/defines NOI, lease net, Terms, absolute net lease, etc. 1:20 PM EST Cherif explains his involvement with his Tenants. “I don’t want to be IN THEIR business… He doesn’t want to participate in their business issues… Therefore, you negotiate termination terms. Can you share websites that are great for evaluating the price of an existing retail or QSR? 1:24 PM EST, Whoever has cash now is king- whoever has CASH FLOW is king…. 1:27 PM EST, Cherif talks about capital expenses… Now with inflation, the tenants WANT TO LOCK IN LONGER LEASE. The part of “investment” is the TI (tenant improvements). The multiplier makes you very wealthy. DEFINE MULTIPLIER. The multiplier in these commercial projects is higher. He gives examples You must understand basic math 1:31 PM EST, Billy’s Q#5 Is it difficult to flip or wholesale a contract into 1031? What are the caveats? Cherif defines 1031 exchange. 1:35 PM EST, Cherif scripts out how he would negotiate SELLER CARRY BACK. He would carry his gain. “Unrealized gains.” You can defer taxes on flips. 1031 can be harder. Check with your CPA. 1:36 PM EST Billy’s Q #6- What is there is friction with the SOB J (Funny moment no one caught) If a broker brings you a deal, I know that you always suggest ‘buying’ from the listing broker. They will get full commission and will give better attention to you. What is there is friction with the LB? What if you feel you are not fairly represented, and he only looks out for the Seller? Thoughts? 1:42 PM EST, Janeen’s Q Janeen M., DE Up to this point, when contracting properties, I have had the Seller’s Agent provide a contract, and I would request revisions as necessary. This time, the Seller’s Agents insisted that I submit a contract. Since they accepted all my terms, I did not want to be totally inflexible. “Ask the listing broker one last time…” I have been looking at the contract you provide for the JV Partners, and I am confident that it is very thorough! However, it is a bit challenging for me, partially because it is much longer and in-depth than any contract I have worked with up to this point. I will need to submit a contract next asap. Should I get a lawyer? 1:45 PM EST, Sandeep’s Q(Cherif’s answer is PERFECT for a Cracking the Code on RE social content piece!!!!REALITY CHECK FOR SYNDICATORS! Sandeep A., CA What does Cherif’s Crystal ball say on where the interest rates will be in 6-12 months, how deep or shallow of a recession we will see, and the impact of all this on home prices (esp in the SF Bay Area) where technology layoffs are becoming rather meaningful? What does all this mean for commercial investors looking for opportunities? More interested in SF Bay Area, where I believe Cherif is also active. Let’s go by what the Fed says. Wholesale is getting harder… Syndicators will have a harder time…. Flipping is out…. It will be a blood bath in many markets…. When people get too confident in one strategy. Cherif explains where deals will come from and how important creative financing will be. He talks about 1991, 2007-2009 (history) The Fed will realize by Summer that they should go flat. 1:50 PM, EST, Be on the lookout nationwide for residential & CRE. What is happening with the Bank??? Blood bath. 1:52 PM EST, Cherif talks about how he’s diversified by investments. 1:53 PM EST, Luke’s Q Luke M., GA I hope you’re doing well, my friend. My partner and I eventually wanted to get into your RE Fund program, and that led us to this thought. When looking to take your position as an investor working with a NNN lease building and National tenant, what educational program do you offer that’s most suited to learning that process? In other words, when we assign to your fund a NNN lease deal, we are only involved to a certain point in the process. Where would we learn all the ins and outs about AFTER that point in the process…where you put together the lease, negotiate further with the tenant, and the long-term process of being the landlord for 10 plus years? Also, the mentorship of navigating when or if you sell those deals on the market right away? Do you teach the negotiating techniques in the JV Program, and we just haven’t gotten to that part of the education yet? Or is that something you teach in your RE Fund program when looking to raise capital and negotiate the deals on our own? Cherif reviews the features of the JV Partner Program. 1:57 PM EST, Oshin’s Q #1 Oshin B., CA Cherif reviews and defines the terms of the JV Partner Program. 1:59 PM EST Todd adds his comments I come across single-tenant properties that are located on the PAD of larger shopping centers with big tenants. The building has its own APN. Do these single-tenant buildings participate in CAM since it is on the PAD of the shopping center? 2:00 PM EST, Oshin’s Q#2 Will these types of properties work for the JV program? What about a property that has a single tenant with a drive-through located on a hard corner of the lot but also has 2 attached units on the other side of the lot accessing through the sidewalk and accommodating smaller tenants (mom & pop) for additional income, a total of 3 tenants? 2:03 PM EST, Jeff’s Q#1 on flipping land Jeff K., KS What are your thoughts about flipping land going into recession? What is your plan, not as a Fund Manager, but as an individual investor going into the next round of interest hikes and a recession in 2023? What is your advice? 2:04 PM EST, If you can’t figure it out…. Look at what is going to CHANGE, and find what is NOT going to change… 2:07 PM EST, Jeff’s Q #2 I’m in reassessing mode right now… I’m seeing major confusion… If you don’t have money start a fund. Where and when #1 What to do & how #2 Who am I dealing with, and why am I working with them #3 2:09 PM EST, Cherif covers what to look for in QSRs, STBs The market is trending THERE ARE OPPORTUNITIES EVERYWHERE (He talks about his refi 4M) 2:10 PM EST, Andrew Q#1 Andrew M., MI If I cannot get a corporate guarantee, only a personal guarantee on a 5-10 year lease, what do you suggest I put in terms of the contract for protection? I’m finding it hard to get a loan for a CRE project I have under contract. Any advice? Cherif talks about Personal Guarantees vs. Corporate Guarantees You must protect yourself… 2:14 PM EST, Andrew Q#2 2:16 PM EST, Lease & sublease 2:18 PM EST 2:23 PM EST, Chad’s Q Chad T., NY Any new tax incentives we should know about? Cherif talks about the boom in PR. 2:24 PM EST, Alexus Q #1 for estate planning- KMAGB 2:27 PM EST, Alexus Q #2 Alexus E., NY I want to put an estate plan together for my wife, kids, and me by the end of the year. How do you suggest I structure it? I have a business (mechanic shop) and 4 rentals, plus a primary home. I am talking to a lawyer who wants to set up a very expensive Trust, each asset in a different LLC. Do you like that structure? What things should I tell him as we are planning it? 2:27 PM, EST; let the numbers be your guide Cash flow is king, not cash 2:30 PM EST, Alexus #3 I also have a lot of equity in the properties. I have started the process to refi, but I am not sure it’s a smart move right now. I was going to put some money into my business and possibly another rental. Is now a good time, or should I sit on it? Is cash king in my hand, or should I wait it out until next year? Since last year you have been saying there will be a pullback in 2023. You have always been spot on. Will there be a pullback, and how extreme do you expect? 2:31 PM EST, Alyssa’s Q Cherif advises on giving rent discounts… Alyssa & Steven M., NC (Can’t make the call) We have a 20-unit apartment. Many of the tenants have asked for discounts on their rent over the past 60 days. (A) we feel they are talking to each other. (B) Should we consider even though we are at a break-even now? (C) We are scared and planning for next year- what if the renters leave? What advice do you have for us? We manage the property. We have some cash saved. Should we sit on it or invest? If you think to invest, invest in what type of asset. CRE or residential. Cherif explains to look at the #s! Never be in a defensive position… Be pleasantly inflexible. Selling by obligation. 2:36 PM EST, Sarah’s Q on Airbnb Sarah B., AZ What expenses are expected for Airbnb? I know you have a large inventory. How do I calculate the expenses to make sure the asset makes sense? Cherif gives us a LIST OF 16 EXPENSES for Airbnb!!!!! 2:38 PM EST, Cherif talks about the numbers and the IMPORTANCE! 2:40 PM EST, The end goal is simplicity 2:41 PM EST Todd talks about Performance bonds- interesting for us in FL. Bruce Norris.
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How To Negotiate A Storage Facility Deal
11/09/2022
How To Negotiate A Storage Facility Deal
*Discussion Topics And Questions: 1:19 pm EST he is referencing a deal he has pending and the NEGOTIATIONS of the deal with 3 owners who are involved… He talks about negotiating a storage facility deal. He highlights and explains TICs 1:22 pm EST he talks about the strategy to “Drop & Swap” CHERIFISM: Effort, money, time 1:22 pm EST Theory, education, and single-minded 1:24 pm EST the importance of understanding the word and definition of * Discombobulated 1:25 pm EST Matt Maggio asks about Traffic count importance and location…. IRREPLACABLE LOCATIONS Tim’s Question: (1:27 pm EST to 1:33 pm EST) Formula on how to manage RE Projects from a distance Time is your friend or your enemy 1:32 pm EST HOLY MOSES 1:33 pm EST Cherif covers the 3 most important questions in life He talks about leading: Agreement & Vision 1:34 pm EST As a leader your job is to clarify-assign-motivate-enforce 1:35 pm EST The end goal of a meeting… 1:35 pm est Tim’s Question on highspeed realtors 1:40 pm EST Execute ion Stages 1:41 pm EST Tim’s Question about screening tenants 1:44 pm est Focus on an area! Most people see price… CASH FLOW or CASH OUT 1:45 pm est Want to know what the biggest problem is??? (He discusses the spike in home prices) 1:51 pm Tals about why he likes NNN 1:51 pm EST Katie’s Questions Crowdfunding vs Cherif’s Funds 1:53 pm EST “I could have had a baby…” J 1:57 pm est DYNAMIC REVENUE MANAGEMENT Airbnb “2023 will be the interesting year” The key question is what am ai going to do in the next 12 months…. Critical Mass 2:05 pm EST Do you know what depreciation is? (Bill Odell Q) 2:11 pm EST Tenants and locations 2:11 pm est Transactional Funding 2:15 pm EST What is the purpose of the Estoppel letter 2:16 pm EST Learn where the mistakes are…. CHERIFISM 2:19 pm EST Don’t be uncomfortable about talking about money $$$ Helps Billy with a deal he’s putting together He goes through the Steps: people, property, price Most importantly how will you exit and end the relationship??? 2:25 pm EST In business and life you need 3 things 2:26 pm est How much cash reserves do you always have (Alex Question) 2:29 pm EST STORAGE FACILITY CASE STUDY AND TALKING POINTS 2:35 pm est Cherif goes into the most LUCRATIVE CRE Investments for the next QT. 2:36 pm EST Here’s a formula- look at the best practices of the competition…. * Victor S., CA My property manager does NOT recommend escalations on a lease contract of 2-3 years. She says “What is the incentive for the tenant to sign a longer-term lease if the rent increases every year?”. Cherif, you always talk about including escalations in the lease. What is a good argument for convincing her to include rent escalations in 2-3 year lease agreements? I’m only suggesting 3% per year. FYI, I purchased a 10-unit strip mall in 2021 that currently has 3 vacancies. So the opportunity for 3 new lease agreements is on the table. I also own 2 single-family home rentals. Would your answer to #1 above be the same for these single-family home rental agreements? Should I include escalations in them as well? *Matt M., South FL (New JV and CRE DealPRO) I hope all is well with you. I have a question regarding cash flow. Once the deal is closed and assigned to the fund, how are the cash flow distributions split? I know we get a percentage, either 10% or 25% of the increased value but wasn’t sure about monthly cash flow. Maybe he covers it in a video that I haven’t seen yet. Can I just have him briefly explain? Want to participate with Cherif in his weekly mastermind calls? Apply for Commercial Real Estate Mastermind: Get Your Free 15-Min JV Partner Program Overview Consultation: For a quick consultation on how my team and I can help you get started or grow Call (844) 720-1031 or email [email protected]
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How To Set Up A Fund That Invests In Several Different Types Of Real Estate
11/09/2022
How To Set Up A Fund That Invests In Several Different Types Of Real Estate
Commercial Real Estate DealPRO Mastermind #1 Read Full Transcript * 1:07 pm EST Harold L., NY Can I set up a fund that invests in several different types of Real Estate (e.g. Multi-Family Rehabs, RV Parks, Blockchain-related, Single Family New Construction) I also desire to get Cherif’s opinion on the Padsplit.com Coliving business model. They are similar to Airbnb except they require a min one-month stay – paid weekly. Their residents become “members” of their online platform, as well as members of the LLC that leases the properties. This allows Padsplit.com to treat this as a corporate lease with the flexibility to determine which of its members can stay at the properties. I’m considering raising capital to participate in Padsplit Investment Fund II as well as to acquire or lease properties that will be managed by Padsplit.com. * 1:13pm EST Mia W., CA I am a residential investor. I hold a portfolio of 15 single-family homes. Is there a benefit to the Delaware Statutory Trusts strategy? My lawyer is talking about it. How does that work? * 1:15 pm EST Billy O., TX Can you obtain a contact list of CRE offices and brokers within the US What are your thoughts on filing an ‘Affidavit of Equity Interest’ at the County Courthouse to protect your contract for wholesaling or a flip? When I wholesale a property, I double close the transaction on the same day to ‘protect’ the knowledge of what I pay for it. Any precautions or thoughts? Any ideas on finding a TRUE ‘off-market’ CRE property? * 1:25pm EST Ralph D., Ontario, Canada Any thoughts on the current Ukrainian crisis and how it impacts CRE in the US and Canada? What could buyers/sellers do to position themselves to capitalize in the current and future markets? * 1:28 pm EST Mikial N., CA I’m considering setting up a Fund with you. I know that you have holdings in PR and across the States that are owned in your Fund. What are the tax incentives? Is there a benefit to me bringing friends I have who are PR residents onto the Fund to save taxes? Most of my deals are in CA, but I would be willing to do a deal a year in PR. Or would you recommend just setting up in CA? How does your Fund operate and pay taxes? * 1:35 pm EST Kyle D., CO I am looking at locking up an industrial building and then working on a tenant. The seller only would give 45 days DD and is ok with us advertising. He wouldn’t budge on more. 25 more days = 10k hard. How long do you typically ask for? Looking at using a leasing broker contact who knows who they are and the space. He wants me to sign a listing agreement at 6%. 8% if someone else brings a tenant. Any tips? I have a mixed-use property I am buying. Residential upstairs and a hair salon below. We are putting new leases in place before buying. The building only has 1 electric/water meter. How would you structure the leases? All FFE comes with a sale. I will not own the business, however. * 1:41 pm EST Todd chimes in with personal experience * 1:47 pm EST Billy P., IL With the older high-rise buildings incurring high vacancy rates. What do you see as the highest and best use for this type of building? Minus medical suites How would you use your strategy for acquiring SINGLE TENANT BUILDINGS in a REIT structure? Would there have to be any alterations to the model since REITs have to pay out 90% of net earnings as dividends? What do you see as the latest/next disruption to the REAL ESTATE industry since Air BnB and Crowdfunding? What incentives other than a higher price would you offer a seller to induce them to sell finance a Commercial Building? Thank You for your Time and Wisdom! *2:10 pm EST Eddie V., CA pI understand that you have been focused on single-tenant properties for fast food joints for the past 24 months. Do you see that shifting to other retailers, and if so what do you see is next for this sector? After QSR, what are the next top 2 tenant types? (Follow up Ricardo) If I wanted to model a strategy off of your retail strategy do you think I could get financed from a bank with a NNN lease? If so how would I represent that to the bank? I have decent credit 700 and about 50k in cash. The building I am looking at is 499,000. * 2:11 pm EST Reese M., VA I am deciding between a JV or syndication for a 120-unit apartment I am working on outside of Baltimore. * Few questions: What is the difference between a JV, syndication, and a fund like yours? Your team has walked me through the different types of funds, but which one is easier to manage a B or C? If I decide to pay investors in equity vs debt how do I work those numbers on the equity piece? I’m raising 10,000,000. * 2:19 pm EST Josie M., FL When putting a commercial lease together what are the 5 most important terms? How do I know what is fair for TI? understand that you have commercial and residential deals in your portfolio. Which type do you find to be the most rewarding? And which is the most challenging? And what do you like to outsource for both? * 2:30 pm EST Janeen M, DE If the sale price of a property has been reduced by $250k and the leasing price accordingly, how can I trust the broker’s leasing price? Note, there are no identical matching comps because the building is a drive-thru-only property, Do you think drive-thru-only properties command premium leasing prices? * At 2:31 pm EST Cherif talks about TRUST Want to participate with Cherif in his weekly mastermind calls? Apply for Commercial Real Estate Mastermind: Get Your Free 15-Min JV Partner Program Overview Consultation: For a quick consultation on how my team and I can help you get started or grow Call (844) 720-1031 or email [email protected]
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