New to BP RE Broker and RE Investor

[Stephen Munford]

New BP member from Las Vegas. Corporate Real Estate Broker, business owner, and real estate investor. I’ve been in real estate for 15 years.

I have been involved more with sales since 2008. Prior to 2008 I was a real estate agent and investor/flipper. I did very well and didn’t lose any money because of 2008. I had a great real estate mentor who was with the Robert Kiyosaki group and Dolf de Roos.

After 2008 I was approached by a large construction equipment manufacturer / rental and sales of construction and industrial equipment. I formed a company to joint venture/mentor with a $500 million equipment company from 2007 to 2012. Was successful in helping the equipment company enter the government contracting space. US Army, US Marines, FAA, GSA, the Boeing Company, Southern Cal Edison, Burlington Northern Santa Fe Railways, City of Las Vegas, LAX, Dallas Fort Worth Airport, and many more... awarded contracts.

My government contracting company distracted me from investing in real estate. Big regret but it was fun traveling and getting nice contract awards.

In 2007 I met a large commercial real estate investment company. They was just entering the Las Vegas Market and I showed them around. We identified a 20 acre shopping center and we opened up escrow with a $30 million offer. I was their real estate representative on this deal. It never closed but I maintained my relationship with my clients. In 2012 the owners of that same shopping center called me and asked if my client was still interested. We ended closing on that same property for a lot less than our 2007 offer. That property has made my client a lot of money.

I am now their corporate broker and have acquired several other retail commercial properties.

From 2008 I’ve was distracted and never bought any properties for own portfolio. 2006 was the last investment property I purchased. So now I’m going back to my roots and getting back into real estate investing. Residential properties to start , single family homes and eventually multi family. I’ve learned a lot from my commercial partners and would like grow into commercial properties eventually.

Think I found a property today.

[Eudith Vacio]

Hi @Stephen Munford! 

Welcome to BP! Sounds like you have touched many aspects of real estate and getting into building your portfolio may be a smooth ride based on your background and knowledge. I would ask to meet with you if I lived in Vegas! Best of luck, Vegas is having a great market based on what I have read. Goodluck on the the property you just found. Hope to hear more about it in BP :)