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A Guide To Getting Started In Commercial Real Estate (+ Laundromats?!) | BP Podcast 333
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- Опубліковано 5 чер 2019
- Commercial real estate like you’ve never heard it before! On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself.
Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market. He also provides great advice on building relationships and identifying who NOT to partner with.
Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker-with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too.
If you’ve ever been interested in how to do big deals without big headaches, this episode is for you!
Check the full show notes here: www.biggerpock...
Great episode from a wonderful guy in Ken. Honored to call him a friend and peer in the Laundromat Industry. 🙌
Laundromats are the best business in America imo. Do your research and see if it's a good fit for you. A lot of opportunities out there in the world! 🌍
Wow! Just listened to a bit of this and really excited to do through the rest later today. I am starting with 8 units (maybe 4 more later this month) but commercial would be so nice to get into.
Yes pick an asset class. I got into residential years ago because I needed a place to live and a friend of mine got info industrial because he needed a place to run his business. I understand residential a lot easier than I understand industrial and until that changes, I will continue to buy residential. There are pros and cons to each.
Cash Flow in Oil and Gas Properties, thank you Ken finally someone has mentioned it on the BP podcast.
Ken Wimberly may be my new guru.
Best BP episode yet.
Ken if you read this, i have so many questions.
I will be listening to this again, such valuable content!
Glad I found your channel as I am thinking of buying rental properties this year.
How you doing with the rentals properties?
I definitely enjoyed listening to this episode as a growing agent in KW who is shifting in the commercial space, listening to him is quite inspiring.
The goal is to be a commercial investor while serving on the brokerage side.
I love what he is doing at his Laundromats
Very inspiring
I'm looking at laundromats they look interesting 🤗
@@irvingjorge6180 We're putting together some free stuff to help you get started if you're interested :)
*Sally Jesse Raphael?!* When was the last time this dude watched TV?! LOL Great content. I learned a lot.
He probably doesn’t have time with all the millions he’s making lol
Yup millionaires don’t watch TV it’s been said
Walk the path you've chosen well, rather than choose the well defined path.
This dude is a genius
dliv1687 yes, he is best
My wife wants to invest in laundry. Didn't know it could be so lucrative.
I like his perception and teaming, and goal settings
Thanks for the grest content
Ken is a brilliant man, with so much experience. Really learned and enjoyed a lot from this episode. Thank you
Student with 1 more year in school, no clue which state I’ll get a job in but as soon as I know I’m buying a triplex
Sounds similar to me. 2 years left but doing the research and ready to buy multi-family house out of college.
Well tell the people what state you are in so you can network
This is one of the best episodes ever! Great content and super timely for my personal investment interests. Thanks and keep it coming! #BPProMemberHere
You had me at laundromats! Thank you - I've been looking for content like this.
Love the commercial niche. Agent here in Kansas City, let me know if you need anything!
Anyone have interest in a car wash? Let me know if you are, got a potential deal.
I am. How do I get a hold of you?
samuel rogers shoot me an email: Caleb.thebrownteamcan@gmail.com.
@@Da_Pallet_Dude how long have you been doing commercial?
@@TheRealKingWil I’ve been focusing on it within the last year. Been an agent for 3.5 years.
@@Da_Pallet_Dude what’s the best way to get started? Getting your license then finding a commercial brokerage?
Such a great video! 💪
2:22 when am i suppose to listen to the returns
I wonder what the take is on shopping centers and office buildings right now.....
Where would you find information to practice underwriting properties?
Bigger pockets forums
Tyler Cauble has some great videos on underwriting
How do I make sure that a business that wants to rent my building plays by the rules? I know how to find good residential tenants but business tenants seem like a different story.
55:00
Wow what happend to follow up when he explained the altruistic nature of his laundromats? DAVID GREEN went like: how one open a laundry mat....the most 😳 terrible follow up to such wonderful 👏 initiative
Residential real estate is the most overrated investment type to get into IMO. I don’t think the risk reward is worth it. For commercial real estate there is a higher ceiling if you do it right
Brandon is wearing airpods. Someone tell the kids they are no longer cool! Kidding! Great episode as always.
2019 and this guy still thinks the twin towers werent done by our own government. lol