Our guests for this week’s show is commercial real estate expert, Brian Murray. In today’s show we’re going to be speaking with Brian about how he went from being a school teacher with absolutely zero real estate to full-time commercial real estate investor with a multi-million dollar portfolio valued in the 10’s of millions. And if that isn’t enough to impress you, what if I told you his very first commercial deal was a 50,000 sq. ft. office building. Strap your seatbelts on, kids, this is one ride that you’ll want to hang on for!
Here’s What You’ll Learn:
- How he transitioned from school teacher with zero real estate experience to doing his very first commercial real estate deal, which was a 50,000 sq. ft. office building
- How he was able to creatively structure the financing on this property even though it was only 50% occupied at the time of closing.
- How he was able to quickly take the property from a point that it was just breaking even to making a substantial positive cash flow each month.
- Lessons on how to successfully own and manage a variety of commercial asset types versus just focusing on one type.
- The process of converting a prior extended stay hotel into a highly desirable apartment building.
- How Brian utilizes a “low pricing” strategy in one of his apartments in order to beat out the competition and why he feels this is the most profitable way to run this particular property.
- How to make the switch from smaller real estate investments and transition into larger commercial deals.
- A few tidbits on how to find the heavy hitter investors within a particular marketplace and how to establish a relationship with them.
- Why Brian feels that every investors needs to learn the landlord business firsthand prior to outsourcing to a 3rd property management company.
- And much more
- Brian Murray – Washington Street Properties
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