03/06/2022
MY COMMERCIAL REAL ESTATE MENTEE:
Meet Nicolas who’s originally from Colombia 🇨🇴 and has been in the US 🇺🇸for just over 1.5yrs and he was an attorney back home
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I met him recently when he came to complete a specialized task at one of our buildings on a Saturday night at 8pm……he wasn’t partying, he isn’t worried about fancy cars or chasing quick pleasure…..
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He charges $500/hour for what he does and he gets results but he isn’t content to settle for just a job or an “active” income…..•
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He’s on a personal mission to learn and check boxes he has for himself regarding his family•
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NO. 1 - I’ve had a chance to share with Nicolas about my faith in Christ and how important it has been at this stage of my life
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NO. 2 - I’m teaching Nicolas about the various areas of commercial real estate•
—(How to Put Deals Together)
—(How Debt Financing in CRE works)
—(How to Develop Deals)
—(How Credit Tenants work)
—(How Anchor Tenants work)
—(How Demographics factor in CRE)
—(How Banks underwrite CRE)
—(How Ground Leases Work)
—(Forced Appreciation in CRE)
—(How to do this in spite of the fact that one has no money or cash reserves)
—(Understanding Exit/No Exit events)
—(How to research CRE owners)
—(How to build relationships in CRE)
—(How to put CRE Deal Proformas together)
—(How to understand & differentiate between Active & Passive Incomes)
—(How to put LP/GP Waterfall Deal Structures together)
—(How to understand CRE development deals)
—(Not talking about buying homes)
—(Not looking to flip properties)
—(Not looking to get a real estate license)
—(Not looking be a mortgage broker)
—(All of our sessions are in Spanish BTW)
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He asks me why I’m taking the time to teach him when we meet every week…….I tell him that I’m sharing the same info that I would be telling Myself at 21 when I graduated from Pepperdine that no one told back then….. I was fortunate to learn this over the last 7-8 years•
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Nicolas will do great things in the USA 🇺🇸 wherever the Lord takes him but I also told him that he must bless those younger folks that will be coming behind him in life when he’s in his 40’s & 50’s……he’s now 27•
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