Try to go to local lenders as opposed to national chains, from my experience local lenders are more willing to come up with other financing measures rather than 30 year fixed rated standard loans.

In today’s episode, I’m going to go over the next asset class that I think will be the boom over the next few years.An asset class is the type of property you invest in, multifamily is an asset class, self storage, short term rentals, office space, strip malls…all of these are different asset classes and all have their pros and cons.Picking an asset class should be a mixture of your comfortability with that class, the opportunity, and the market cycle for that asset class.The next big asset class I think we’ll start to see is data centers.Data centers are projected to continue growing with the huge expansion of AI, in the last year alone demand shot up 61% for high end data centers and that’s just for the large companies, the Amazons, Facebooks, and Microsofts of the world.That doesn’t include emerging companies or anybody else that needs data centers for non AI related ventures.With supply chain issues data centers got enormously backed up, it was hard to get computer chips for cars let alone the extremely sophisticated computer chips and technology for running massive data centers.As AI and emerging technologies continue to grow at an exponential rate this demand will continue to push, and will likely continue outgrowing supply and the ability to create new, modern data centers.It’s an asset class we’re looking at and continuing to learn about and collect data on and it’s not something we’ve invested in yet, but I do think that could change as that industry becomes a bit more stable and predictable.

Because of the fairly straight forward chain of ownership, I would estimate few challenges in the event of foreclosure.

I was always told if you to own a restaurant you must know how to clean the dishwasher and plunge a toilet.

First American would do them for $150 and it was usually well worth it, especially if it has turned over multiple times and there was an investor, death, dissolution or anomaly discovered in your ownership chain research.  

Ouch.How to avoid this- have your attorney involved in your due diligence process and know your seller and chain of custody.

I owned and operated a chain of 30+ convenience stores across 3 states for ~9 years so have a good background with operational execution, specifically as it relates to remote management.

For the record, i currently can fly back to Austin cheaper and quicker from the GJGrand Junction is currently developing the river front area which will help will the things it lacks which are Bars, restaurants and entertainment. 

The trend for the past 10+ years has been that the millennial generation (those born between 1981 and 1996) are opting to live in cities more than previous generations and have a strong preference for its amenities such as its walkable access to retail, entertainment, recreation, restaurants and of course employment.  

Use local lenders and credit unions instead of the big national chains full of pencil pushers!