All Forum Posts by: Ash Patel

My advice is to look at non-residential commercial.  You can find great commercial properties for the same price as a 4-plex.  Commercial has way less overhead and headaches.  You rarely get phone calls from your tenants and they are business owners vs. folks with kids, pets, showers and toilets.  Usually if there is a plumbing or electric issue, it falls on the tenants.  

Most people think Commercial is too hard and too expensive.  It is neither.  I can't tell you how many investors I have spoken with that chase low margin apartments and they want nothing to do with Commercial because they know nothing about it.  This keeps the competition away and the returns higher.

@JD Gunter I agree and should add that I spend 2-10 hours on the phone/zoom with each applicant before I let them into the program.  They need to be the right fit for the group.  They also need adequate RE experience, this is not a beginner program.  I also agree that there have been so many syndicators who's deals have dried up and they have resorted to teaching/mastermind as a source of income.  I spent 10+ years taking down deals and mentoring people before I formalized it.  Please be skeptical before spending your hard earned money on programs and ask for a many references.  Happy New Year Everyone!

$20k/month in profit?  I would send 10 people into this program.  I have a non-residential commercial mastermind and the fee started at $2500 in season 1.  That fee went up to $20k in Season 4.  It is a six month mastermind but then we continually meet every Tuesday forever.  I limited each season to 20 people.  I could never guarantee that every student would find a deal but we have so many success stories and people have switched from investing in MF, MHP, Storage to office, retail, medical, industrial etc.   We have all the resources and an incredible network yet we will still have students who will not put the effort into find a commercial deal.  My point here is I don't know how they guarantee a deal but that is an interesting proposition.  

Agree, we will see who has been swimming naked when the tide goes out.

https://www.postbulletin.com/b...

Forfeited $35mm and is awaiting sentencing!

This gives our entire industry a black eye.

Retail vacancy was 6% in Q4  of 22.  It was 5.6% in Q1 of 23.

@John McKee - Agree with your opinion on condo's.  I dislike them because their sales are usually bound by comps vs. income approach.  That being said, already built out medical condo's that command higher rents are great!  Will send you a PM.  My link was understandably removed.

I have been a non-residential commercial RE investor for over 10 years. When people think of commercial they usually gravitate towards NNN because of the allure of mailbox money. We have done office, retail, medical, industrial, mixed use, restaurants, flex and ground up development. We will do any non-residential deal that makes high returns. Purchasing fully lease NNN properties is parking money vs. growing it. Ideally we would look for a retail strip center with a mix of national tenants, mom and pops and vacancy. This leads to tremendous upside. I am not self promoting but the link below is a number of solo podcasts I have done to try to educate people and motivate them to get into commercial RE. @Ronald Rohde is correct, office condo's are terrible investments for a number of reasons. I also run a mastermind teaching people how to take down CRE deals. I would strongly encourage all of you to avoid the ridiculous competition in Multi-family, self storage and RV/Mobile home parks. The level of competition has saturated those asset classes and a lot of those operators have pivoted into car washesh and laundromats. The result is car washes and laundromats have compressed cap rates to levels where it is difficult to compete. Start by evaluating a small strip mall near where you live. Run the numbers and you will see the returns are often higher than any other asset class.

Investbeyondmultifamily.com

My personal email address is [email protected]

I have been mentoring on non-residential commercial deals for years. We focus on office, retail, medical, industrial and land development. I take on 20 people at a time and most of my members come from Multifamily and mobile home parks. My advice is skip the Multifamily rat race and go into commercial.  There are much higher returns and much less competition. 

My advice on coaching:

The coach should qualify you to make sure you are a good fit. If they are ready to swipe your card without spending time with you, run.

I hate upsells (level 2, private coaching etc.). If there are upsells, make sure they are disclosed upfront.

Make sure they are still in the game and have not become a full time coach. I take on 20 members at a time and each six month run is so different from the previous because of the market conditions.

Avoid new coaches. Sorry but because the syndication machines are breaking and the fees are drying up, everyone is resorting to coaching for income.

Ask for several references from people at your level. Beginners will often tell you they learned a lot because they were starting from zero.

Good luck