I get asked many times about this guy from various people. I don't know him or what his business model is. Many years ago Bigger Pockets was not interested in micro subjects like NNN. Said it was too nichy and focused more on larger asset classes with big scale investor interest.
Bigger Pockets was all of a sudden going to have him write a book on NNN in the last year or so after telling me not interested in a NNN book. For various reasons (have no clue what they were) they had a parting of ways and the book was not written. They then approached me to write a book but I had already completed a book on my own this year for NNN.
So at some point someone probably will write a book on this site for NNN. I have been in commercial real estate about 20 years now and a specialist in NNN. Bigger Pockets is growing so fast now with so many employees that many of them do not know the old timers on here when Josh was just running the site. I think Matt was newer to this site and had some connection with Davd and Brandon from that Gobundance thing but not sure. I do not keep track of all of that.
As to using debt if someone for instance was buying leasehold instead of fee simple to get higher cap rate spreads and high leverage deals those are time bombs with a short window to get out of because if tenant goes out you still have to pay ground rent and other costs tenant used to pay in addition to base rent. Again when people ask me unless I looked at every aspect of his business model with 100% transparency I could not give any opinion of the structure or it's long term viability.
I don't want to be anyone's guru or any of that crap. I do 2 things and that is it. I have clients buy stabilized NNN STNL or MTNL deals and I am the broker helping them through the process. I also syndicate value add NNN deals for stabilization and higher equity upside potential when too much of my own cash is out on deals I am doing.
Doing those 2 things only my net worth goes up on average 7 to 8 figures more a year. I like slow and steady wins the race and vanilla type investing. When you get into waterfalls and all these exotic type structures 2 things can happen.
1. People can try and hide things the more complex and hard to understand they are.
2. More things can go wrong even IF the practice is legitimate due to all the moving parts to make it work.
I used to do land assemblage for commercial developers and you had very long timelines and 100 steps to make the project work on those big projects ( hundreds of k of sq ft ) and if a few steps fell out years of work you were paid nothing. That is why I like stabilized existing properties with leases it closes in 2 to 3 months and I get paid for my efforts and the buyer knows what they are getting because it's there already.
Again I know nothing about his business positive or negative. If you have your hard earned dollars in you hand to invest and you can't get the hard questions answered with transparency then you might want to pause and research further.
I have a lot of doctor clients and most make 750k to over 1 million a year and are very private. They do not go on a bunch of podcasts talking about the medical field.
I still enjoy Bigger Pockets just not on here as much as I stay very busy with my business.
