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A Guide To Getting Started In Commercial Real Estate (+ Laundromats?!) | BP Podcast 333 

BiggerPockets
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Commercial real estate like you’ve never heard it before! On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself.
Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market. He also provides great advice on building relationships and identifying who NOT to partner with.
Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker-with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too.
If you’ve ever been interested in how to do big deals without big headaches, this episode is for you!
Check the full show notes here: www.biggerpock...

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29 авг 2024

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Комментарии : 46   
@LaundromatMillionaire
@LaundromatMillionaire Год назад
Great episode from a wonderful guy in Ken. Honored to call him a friend and peer in the Laundromat Industry. 🙌 Laundromats are the best business in America imo. Do your research and see if it's a good fit for you. A lot of opportunities out there in the world! 🌍
@yonmoore
@yonmoore 2 года назад
Yes pick an asset class. I got into residential years ago because I needed a place to live and a friend of mine got info industrial because he needed a place to run his business. I understand residential a lot easier than I understand industrial and until that changes, I will continue to buy residential. There are pros and cons to each.
@devinfitzgerald4462
@devinfitzgerald4462 5 лет назад
Cash Flow in Oil and Gas Properties, thank you Ken finally someone has mentioned it on the BP podcast.
@sandrinescott2017
@sandrinescott2017 3 года назад
I will be listening to this again, such valuable content!
@stvnwolfe14ESQUIRE
@stvnwolfe14ESQUIRE 5 лет назад
Ken Wimberly may be my new guru. Best BP episode yet. Ken if you read this, i have so many questions.
@Bubbles-qh7ez
@Bubbles-qh7ez 5 лет назад
I love what he is doing at his Laundromats
@shelleygreyrealtor
@shelleygreyrealtor 5 лет назад
Very inspiring
@irvingjorge6180
@irvingjorge6180 5 лет назад
I'm looking at laundromats they look interesting 🤗
@LaundromatResource
@LaundromatResource 5 лет назад
@@irvingjorge6180 We're putting together some free stuff to help you get started if you're interested :)
@violetraton8731
@violetraton8731 5 лет назад
Glad I found your channel as I am thinking of buying rental properties this year.
@SJ-ix1cu
@SJ-ix1cu 4 года назад
How you doing with the rentals properties?
@DanielIles
@DanielIles 5 лет назад
Wow! Just listened to a bit of this and really excited to do through the rest later today. I am starting with 8 units (maybe 4 more later this month) but commercial would be so nice to get into.
@geocyo8835
@geocyo8835 5 лет назад
*Sally Jesse Raphael?!* When was the last time this dude watched TV?! LOL Great content. I learned a lot.
@bdubz_det
@bdubz_det 3 года назад
He probably doesn’t have time with all the millions he’s making lol
@charlesstokes6138
@charlesstokes6138 2 года назад
Yup millionaires don’t watch TV it’s been said
@sayoowoseni2122
@sayoowoseni2122 2 года назад
I definitely enjoyed listening to this episode as a growing agent in KW who is shifting in the commercial space, listening to him is quite inspiring. The goal is to be a commercial investor while serving on the brokerage side.
@dliv1687
@dliv1687 5 лет назад
This dude is a genius
@selinabanda8789
@selinabanda8789 5 лет назад
dliv1687 yes, he is best
@aoyama173
@aoyama173 Год назад
Thanks for the grest content
@selinabanda8789
@selinabanda8789 5 лет назад
I like his perception and teaming, and goal settings
@anran717
@anran717 3 года назад
Walk the path you've chosen well, rather than choose the well defined path.
@Dark_Souls_3
@Dark_Souls_3 5 лет назад
Student with 1 more year in school, no clue which state I’ll get a job in but as soon as I know I’m buying a triplex
@joshuafreeman5086
@joshuafreeman5086 5 лет назад
Sounds similar to me. 2 years left but doing the research and ready to buy multi-family house out of college.
@brandonhuff9445
@brandonhuff9445 5 лет назад
Well tell the people what state you are in so you can network
@tmonique11
@tmonique11 4 года назад
This is one of the best episodes ever! Great content and super timely for my personal investment interests. Thanks and keep it coming! #BPProMemberHere
@tinateews9494
@tinateews9494 5 лет назад
Ken is a brilliant man, with so much experience. Really learned and enjoyed a lot from this episode. Thank you
@mostmost1
@mostmost1 2 года назад
My wife wants to invest in laundry. Didn't know it could be so lucrative.
@firdosvohra4315
@firdosvohra4315 4 года назад
You had me at laundromats! Thank you - I've been looking for content like this.
@mightymikereid
@mightymikereid 2 года назад
Such a great video! 💪
@Da_Pallet_Dude
@Da_Pallet_Dude 5 лет назад
Love the commercial niche. Agent here in Kansas City, let me know if you need anything! Anyone have interest in a car wash? Let me know if you are, got a potential deal.
@TheSchmuel
@TheSchmuel 5 лет назад
I am. How do I get a hold of you?
@Da_Pallet_Dude
@Da_Pallet_Dude 5 лет назад
samuel rogers shoot me an email: Caleb.thebrownteamcan@gmail.com.
@TheRealKingWil
@TheRealKingWil 3 года назад
@@Da_Pallet_Dude how long have you been doing commercial?
@Da_Pallet_Dude
@Da_Pallet_Dude 3 года назад
@@TheRealKingWil I’ve been focusing on it within the last year. Been an agent for 3.5 years.
@TheRealKingWil
@TheRealKingWil 3 года назад
@@Da_Pallet_Dude what’s the best way to get started? Getting your license then finding a commercial brokerage?
@kentheengineer592
@kentheengineer592 4 года назад
2:22 when am i suppose to listen to the returns
@isaacbunker9446
@isaacbunker9446 5 лет назад
Where would you find information to practice underwriting properties?
@mike_t_007
@mike_t_007 5 лет назад
Bigger pockets forums
@jizzmondo7
@jizzmondo7 2 года назад
Tyler Cauble has some great videos on underwriting
@calvinpinney
@calvinpinney 3 года назад
I wonder what the take is on shopping centers and office buildings right now.....
@Dludolph90
@Dludolph90 3 года назад
How do I make sure that a business that wants to rent my building plays by the rules? I know how to find good residential tenants but business tenants seem like a different story.
@custodialtwo4997
@custodialtwo4997 3 года назад
55:00
@lukebradley7879
@lukebradley7879 3 года назад
Residential real estate is the most overrated investment type to get into IMO. I don’t think the risk reward is worth it. For commercial real estate there is a higher ceiling if you do it right
@powerfulldavinciinvestment3367
@powerfulldavinciinvestment3367 2 года назад
Wow what happend to follow up when he explained the altruistic nature of his laundromats? DAVID GREEN went like: how one open a laundry mat....the most 😳 terrible follow up to such wonderful 👏 initiative
@matthewchalfant8231
@matthewchalfant8231 5 лет назад
Brandon is wearing airpods. Someone tell the kids they are no longer cool! Kidding! Great episode as always.
@DinosaurDrugs
@DinosaurDrugs 3 года назад
2019 and this guy still thinks the twin towers werent done by our own government. lol
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