You go to help your friend move….
He offers beer and pizza.
You chip his wall moving a triple dresser to 3rd floor.
His wife is irate.
You are the bad guy.
Moving sucks, after the age of 35 stop asking your friends to move your whole house.
Talked with the CEO/friend of a publicly traded bank.
He told me him and other bank CEOs firmly believe we are headed for a crash and seeing similarities between now and 2008.
They are substantially tightening up on loans and preparing for the worst.
Demand for contractor garages is 5x that of self storage units.
Getting into contractor garages today is like getting into self storage on the ground floor.
Your bearish on office but, realize people need a small office.
Your bullish on industrial but, realize most people don’t need 50k sqft on a 5 year lease.
Contractor garages are the assets for you.
Friday night and the mall is dead.
How are these business paying the rent?
The shift to strip malls has been fast and pronounced.
The American mall is dead.
You don’t need new ideas.
You don’t need venture capital.
You don’t need a sexy new startup.
You need a simple idea and belief.
In EVERY city contractors and entrepreneurs are living in apartments and condos with little or no space.
They need a space bigger than a self
Indoor golfing sites rapidly growing in my area and printing money.
They are up to 8 locations and expanding to other states now.
Here is an example layout, bar in the middle surrounded by golf simulators
Call me crazy….
but I think high schools should teach should teach basically financial literacy.
How to write a check
Balance a check book
Understanding debt.
What am I missing?
Today my residential tenant that has been in my apartment since I was 16 years old called me sobbing.
She lost her job of 30 years and can’t pay rent.
I told her not to worry I’m not going to evict her.
These situations are what lead me to industrial real estate.
New cafe opened near me that serves coffee in the morning and cocktails at night.
The place is so busy they had to buy the lot next door for more parking.
Sports betting is an addiction that's spreading.
Companies are spending hundreds of millions on ads pushing it on us.
The Super Bowl is in Vegas the gambling capital of the world.
Sad to see.
Grown men throwing away money.
If you're betting, please don't do it anymore.
Even
Prediction…
All these college kids with MBAs getting out of school trying to roll up service companies are going to get eaten alive.
They have no idea what they are getting themselves into.
reintroduce myself and my predictions
My family owns a moving company that’s 122 years old.
I started a tech company that quotes moving jobs with out physically going out to the home. We work the biggest moving companies in the world. We have more data than anyone in the world
It still blows my mind my rents are even close to homes.
People are getting $1900 per month for homes.
I am getting $1900 for contractor garages with a half bathroom.
Focus on opportunities.
Section 8 rentals are terrible!
The tenants will destroy your property.
Or at least this is how it used to be….
Sections 8 has gone through a lot of changes.
Up until a couple years ago the section 8 program was not good.
They paid low rents and the communication/chain of
One of my good friends is a doctor.
35 years old.
Student loans up to his eyeballs.
Constantly working.
Minimal time with family.
Bought a home after his first years making money.
No extra money to invest.
Why do people strive for this life?
I hired a CEO that went to Harvard/MIT
He could raise millions with a few phone calls.
When you go to a top college you are not paying for the education.
You are paying for the network.
You are paying for the alumni.
Your bearish on office but, realize people need a small office.
Your bullish on industrial but, realize most people don’t need 50k sqft on a 3 year lease.
Contractor garages are the assets for you.
My predictions on Industrial RE.
My family owns a moving company that’s 122 years old.
I started a tech company that quotes moving jobs virtually without physically going out to the home. We work the biggest moving companies in the world. We have more data than anyone in the
Trust me on this one.
I have been a multifamily landlord since I was 16 years old.
Industrial is the most “passive income” you’re going to get.
Same tenant for 35 years in this industrial warehouse.
Don’t hear a word from them.
Your bearish on office but, realize people need a small office.
Your bullish on industrial but, realize most people don’t need 100k sqft on a 5 year lease.
Contractor garages are the asset for you.
My grandmother went into an assisted living facility.
I have been obsessed with the numbers.
-300 1 bedroom apartments
-$4000 per month
-nurse on staff 24/7
-3 meals a day
Over 1.2m per month or 14.4m per year.
The average 1 bedroom in the area goes for about $1300 by adding
It’s not only contractors leasing these spaces, who else is leasing them…
Car collectors
Home stagers
Specialty vehicles
Hobbyists
Landscapers
Gymnastics groups
Entrepreneurs
Plumbers
Electricians
Amazon resellers
Vendors
General contractors
E-commerce
or about anyone
Closed on this amazing lake house 6 months ago.
We are finally ready to put an infinity pool in and get ready for summer.
3 estimates same specs.
40k
110k
90k
Always get 3 estimates.
Contractor often base their price off their schedule and availability.
There's insane demand for youth personal sports training.
A friend owns a host of local sports complexes.
He has indoor artificial turf fields averaging over 80k sqft.
The facilities hold soccer, lacrosse, field hockey and football, games, practices, tournaments, leagues and
I hired a CEO that went to Harvard and MIT.
Watching that man raise money was thing of Beauty.
He called a buddy from college with me in the room.
He said, I’m working on a new project I need 350k will give you 2%. How fast can you get it me?
His buddy said, no problem I’m in
If I were building Contractor Garages today, these would be the specs.
- 1500 sqft - 25x60
- 12x14 ft overhead doors
- Half Bathroom each unit
- climate controlled
- tractor trailer access
Sometimes office or shared office
Just talked with a guy that owns 200 STR units typically around hospitals.
He rents to traveling nurses and people visiting patients in the hospital.
He estimates making double what he would if he rented it long term rates.
Indoor golfing sites rapidly growing in my area and printing money.
They are up to 8 locations and expanding to other states now.
Here is an example layout, bar in the middle surrounded by golf simulators