All Forum Posts by: Palani (Pono) Wright

Although it may be a good thing to have, the question comes down to why do you want a cert? Just to learn, Legitimacy, validation from peers? Although getting some cert or taking a class can’t be bad,(because you’ll at least learn something) but is that align with your goals?

I am a part of a CRE Mentorship/Mastermind. Please reach out if you would like any info.

Your approach of reading books and connecting with people in the industry is a good start. Here are a few additional ideas to consider:

Join online forums and groups: There are many online forums and groups dedicated to commercial real estate investing. Joining these groups can be a great way to connect with other investors, ask questions, and learn from their experiences. Online communities like LinkedIn groups dedicated to commercial real estate.

Consider taking courses or certification programs: Investing in commercial real estate requires a different set of skills and knowledge compared to residential real estate.

Partner with experienced investors: Partnering with experienced investors can help you learn the ins and outs of commercial real estate investing while also mitigating your risks. Look for investors who have experience in the type of properties you're interested in and are willing to share their knowledge and expertise.

Starting a meetup focused on commercial real estate investing is also a great idea. This can be a great way to network with other investors in the industry and learn from their experiences. Good luck with your investment journey!

Contact me if you have any further questions, happy to help.

How to create lifetime cash flow through multi family properties by Rod Khleif is a awesome book.

@Ray Danishyar May I enquire...when you say you "generate your leads digitally." Do you mean social media channels such as Linkedin, FB or Insta?

May I recommend "How to create lifetime cashflow through multifamily properties" by Rob Khleif ...awesome read!

Do you own a multi-unit property or about to buy your first one? Is your goal to own 30 or 1,000 units in the next 10 years? How do you evaluate the deal and how do you get started?

Welcome to the # 1 multifamily in-person meet-up event in the Las Vegas area!

Event Agenda:

• Free networking with other investors
• Educational Presentation: “Updates on loan markets. What can we prepare for coming recession?” by Adam Gregory, CCIM

We are investors with experience generating passive cash flow by acquiring and operating multifamily communities. If you want to learn more about investing passively or acquiring properties, this meet-up is for you. Meet both experienced investors and those just starting out in this field, both part-time and full-time.

***

Passive income doesn't just happen. It takes a lot of upfront effort including learning, networking, building a team, etc. Let’s get together to learn and network. They say that you're the average of the 5 people you spend the most time with. So, bring up your average by hanging out with an amazing group of professionals!

*We aren't promoting any programs and there is NO SELLING ALLOWED

Your Network = Your Net Worth

About the speaker:
Adam Gregory is Senior Vice President of loan production for CommCap Advisors. He
is responsible for originating and underwriting all types of commercial and apartment
transactions. Adam has eighteen years of experience in the commercial mortgage
banking industry in Las Vegas. Adam is well versed in the lending practices of Fannie
Mae, Freddie Mac, FHA, Wall Street Conduits, Life Insurance Companies, and local and
regional banks.
​
Adam has successfully originated, underwritten and closed over $800 million in loans
with a wide variety of lenders. Adam earned the prestigious Certified Commercial
Investment Member (“CCIM”) designation in 2008 and currently serves on the Board of
Directors for the Southern Nevada CCIM Chapter.

Adam graduated from the University of San Diego with a Bachelor of Business
Administration in Business Economics. Adam is a proud Las Vegas native. Adam is also
actively involved in several professional organizations including CCIM, the Society of
Industrial and Office Realtors (SIOR), NAIOP and the Mortgage Bankers Association.

@Ronald Rohde Thanks for the suggestion of Greg..I'll check him out. Totally agree with you on Manny...he is a salesman.

@Taylor L. Not sure on the niche I want to go after....Though recently I have given two leads (a flex space and a strip shopping center 8 units) away to a commercial agent because I didn't know how to analyze it. Though I'm leaning towards small shopping centers and office buildings.

@Chris Seveney I couldn't agree more...analyzing the deal is crucial.

It seems like in every asset class there a few mentorships/programs to choose from but in commercial it's kind of scarce. Can anyone recommend one that they have personally used and had good results?

Investment Info:

Other other investment.

Purchase price: $11,298
Cash invested: $1,300
Sale price: $25,000

Bullet points to this transaction:
*Acquired the property through a direct mailing campaign to the area.
*Once acquired, I hired a drone photographer to take pics of the property.
*Listed the property on multiple sites LOWER than any other comp in the area (ALL FREE)
*Sold the property in two months after acquiring it

This lot was one of the last remaining infill parcels in the area.

What made you interested in investing in this type of deal?

I think parcels located 1 to 2 hours away from busy cities (Like Tucson & Phoenix) is always a good idea.

How did you find this deal and how did you negotiate it?

I reached out to the seller using a typical mailing campaign of the area. The original price that I offered the seller was lower but they had some back taxes to the property that I had to take care of if I wanted to move forward with the purchase.

How did you finance this deal?

I self financed this deal.

How did you add value to the deal?

Being that it's a infill lot, there wasn't a whole lot of value ad that I could've done to the property. One of the key factors that I believe helped sell this property was hiring drone photographer for the listing images...I saw that most properties listed in the area had horrible pictures which didn't portray the best image of the area.

What was the outcome?

I was very pleased with the outcome. I had some good interest early on from a neighbor mailer campaign but in the end it was a wholesaler that saw the value and wanted to by the property for his father.

Lessons learned? Challenges?

Nope, this was a pretty simple and straight forward deal.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The end buyer happened to be a wholesaler and we closed the deal in two weeks. The Escrow company was Stewart Title which I have used many of times and so far I have been happy with all of my transactions.