Kenneth Brown has been a real estate broker for the past 25 years and his team has bought and sold over $1 Billion Dollar in Commercial Real Estate. Ken holds the prestigious CCIM designation (Certified Commercial Investment Member), the highest designation in commercial real estate one can achieve.
Key Takeaways:
[2:45] The start of Ken's real estate journey
[5:08] Ken walks you through his first commercial transaction
[7:32] How Ken found his first deal (and it wasn't through a listing)
[9:04] How little Ken had to raise rent on his storage units to drastically increase the value of the facility
[11:57] Whether there are still deals for the mom and pop investor in storage facilities
[14:12] The word that best describes the search for a storage unit deal
[15:32] What you should know about triple net leases and why it would be attractive to investors
[17:45] How you can use triple net deals to make 12-18% cash on cash return
[20:20] Where a new investor without much money can find investors rather easily
[21:15] Where you can find triple net deals
[23:27] The typical structure of a triple net deal
[25:44] Picking which asset class to be in
[28:08] What happens with your triple net lease if the big companies (like Circuit City and Barnes & Noble) go under
Websites Mentioned:
www.triplenetcompanies.com
www.cresuccessacademy.com