Our channel is for people interested in buying, selling, or leasing commercial real estate in Louisville, KY, Southern Indiana and its surrounding areas. Through our videos you'll learn valuable information you can use to make smarter decisions on future commercial transactions to ensure they're more profitable. Raphael is a proud team member of the Grisanti Group Commercial Real Estate Agency.
To reach Raphael please visit www.raphaelcollazo.com, email raphael@grisantigroup.com, or call (502) 536-7315.
If you're interested in purchasing his books, you can find them on Amazon at www.amazon.com/Raphael-Collazo/e/B076P3D7CP
That’s a great question! A draw is a form of advanced payment that's intended to ensure a minimum level of income during a specific period, usually for the first 12-24 months. Most draws are required to be paid back with future commissions you generate.
1. Successful real estate investing requires “team building”. 2. Private money lenders, mortgage brokers, realtors, general contractors, property managers, accountants, etc. 3. Skilled professionals you come to trust with successive acquisitions. 4. Over time, these team members may change, but you will always need important specific tasks performed that you can’t do for yourself. 5. Plus, you’ll learn more about these components of REI to make you an even better entrepreneur.
Hi There, I have analyzed your RU-vid channel and your video content is very good. Also, the thumbnail design is very attractive. I realized that your videos aren’t getting enough exposure. I have also watched some of your videos and loved it. I think videos like those should get lots more views. Do you want to get more organic subscribers and visitors to your channel? If you do properly optimize your videos. Then you can see your videos will get lots of views and subscribers within a few days.
Hi There, I have analyzed your RU-vid channel and your video content is very good. Also, the thumbnail design is very attractive. I realized that your videos aren’t getting enough exposure. I have also watched some of your videos and loved it. I think videos like those should get lots more views. Do you want to get more organic subscribers and visitors to your channel? If you do properly optimize your videos. Then you can see your videos will get lots of views and subscribers within a few days.
Hey Raphael. I don’t see the settlement will affect any CRE agents at all unless they are a resi-mmercial agent, working for a residential brokerage who allows their agents to do both and that brokerage is a member of the local association that is a member of NAR. Even then, if a residential agent is doing a CRE deal I believe it’s of no effect on them because you only have to have a signed BBA prior to touring a HOME, not a commercial property. Even a fourplex held for investment is considered residential.
Just a thought. I'll "like and subscribe" after the video's content. Not before. I don't know if I liked it before it happened. Still, thank you for this video.
Thanks for the feedback! I usually ask for the like and subscription at the beginning and end of the video. I figured it couldn’t hurt to ask more than once. I’m glad you enjoyed the content! I hope you liked and subscribed. 👍
Raphael, this video was, in my opinion, the best one yet. My perspective may be somewhat biased due to my background in technology, but it was exactly what I needed to get started on social media. Thank you, Bryant Cheely, for openly sharing specific examples. I will be transitioning into residential real estate in Atlanta in a couple of months, with the ultimate goal of moving into commercial real estate.
Hey Robert! That’s a great question. I usually make a list of businesses that would be a good fit. Then I optimize my drive route by plugging in the addresses into ChatGPT. Hope this helps.
@@Robert_Wilson_Pcola_Realtor correct. I usually schedule my canvassing for mid-afternoon (I.e. 1-3 pm). That way I know most retail businesses are open. Also, for restaurants, it’s just after the lunch rush so there are usually less customers they have to attend to. Also, if I’m in a shopping center, I’ll usually pop in to some of the neighboring businesses if I feel they could be a good fit as well.
Hey Mike! I regularly use Crexi. We used to have a CoStar subscription but I was the only one using it in my brokerage so my broker decided to not renew. It’s very expensive and the data isn’t the most accurate. I had a free trail for Reonomy recently and I found it to be very useful.
That's a great point. I think it really depends on where you're located in the country and the type of properties you target. If you're working at a big firm in NYC (i.e. CBRE, Cushman & Wakefield, JLL etc.), a $5-7 mm comp is likely not too uncommon. However, in my local market (Louisville, KY), there aren't many properties trading at that valuation. It really just depends.
Hey, this is my jam! LOL I keep telling people that the CoC with no financing will be the same number as the cap rate but they are measuring different things. The cap rate is measuring VALUE and the CoC is a return measurement. Keep up the educating.
That’s a great question! Basic jobs are jobs that bring money into a community. For example, if you have a manufacturing facility that makes products that are sold around the world, new money is flowing into the community whenever they sell their products. Therefore jobs associated with making the product are considered basic. Non-basic jobs are ones that associated with businesses that circulate money within a community. Think fast food, professional services, child care etc. Since basic jobs bring new money into a community, the money they spend will create non-basic jobs. Hope this provides some clarity.
@@RaphaelCollazo I'm grasping the concepts, but I don't see how one of them leads to the other. How do the basic jobs lead to more nannies being hired? More than the non-basic jobs?
I had no idea the tax benefits could be so significant. It really is like PE and 1031 Exchanges had a baby! Keep up the great work Raphael. I'll do my part and share with my circle.
Is there such thing as a mentor split your first year? Like an extra split to your mentor? Is that common? I think I have seen something like that talked about. Not sure what fair terms are for that and an additional split %?
That's a great question! There is such a thing as a "team split". After the brokerage split, you may have to divvy up the remainder amongst team members based on seniority. This is a common practice at larger firms where you are part of a team. Hope this helps.
Hi Raphael, are CRE agents required to join NAR the same way residential agents are (if they want MLS access)? I'm thinking of making the transition, as I'm much more interested in business and investing than helping people find their forever home. Thank you for all of your help! CRE is not a very popular subject on RU-vid, so it's difficult to learn.
Hey man! Yes, to gain access to the local MLS, you will need to join your local association of realtors and, by extension, NAR. Having said that, several agents in our local market are not members of NAR. We have a separate Commercial MLS that is regulated by our local Association of Realtors (GLAR). Since many commercial agents do not sell residential real estate, they opt to not sign up for the residential MLS, thus, avoiding having to affiliate with NAR. I am a member of NAR but, depending on how your local MLS is set up, you may not have to be. Hope this helps.
Great question! I'm no expert but my understanding is that you must create an opportunity fund and money that's put into this entity must be allocated towards a property within an OZ or a business that operates in an OZ. To my knowledge it's based on how and where the money within the OZ fund is directed. Hope this helps. If you need clarification, it may be worth reaching out to Ashley or another attorney who has experience in setting up OZ funds. I have a few I can recommend if you DM me.
That's likely true. I think Henry was trying to be somewhat conservative. To your point, there are so many benefits to investing in real estate that can amplify your overall return.
Hey Alexis! You don't have to be licensed to take the class. In fact, many different professionals are part of the organization (i.e. lenders, lawyers, contractors etc.). Definitely look into taking the courses!
Great question Alex! To be honest, most of my outreach for tenants is done by physically stopping into their locations. I create a list of local businesses that I believe could be a good fit and I stop in to say hi. For national tenants, I search LinkedIn to find real estate directors for the concept and reach out to them directly. Hope this helps.
Great question! I believe there are several. Some of the most common are survey, environmental and zoning contingencies. It really is dependent on the deal. Hope this helps.
Great information. Thank a million from Western Navajo. Hopefully we develop a amphitheater, future outdoor market, multi-purpose building, RV park and commercial tract with an industrial tract.
