It really was! Great insights shared.

@@billierobinson6147 thanks my friend! I’m glad you enjoyed the video.

Thanks Will! Yes, Charlotte is awesome.

Thanks for being willing to listen and leave a review! Please send me an email at [email protected] and I'll send you a unique code. I look forward to hearing your feedback!

Thanks for being willing to listen and leave a review! Please send me an email at [email protected] and I'll send you a unique code. I look forward to hearing your feedback!

Thanks for being willing to listen and leave a review! Please send me an email at [email protected] and I'll send you a unique code. I look forward to hearing your feedback!

Great question! Unfortunately the answer is, it depends on what the lease says. The most common cadence I've seen is monthly. However, some Landlords elect to collect quarterly, bi-annually or annually. That's way it's important to review the lease carefully before signing. If it's not stipulated clearly in the agreement, as the Landlord for clarification. I hope this helps. I look forward to your feedback on future videos!

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.

@@RaphaelCollazo thank you for that explanation

Great tips!

Thanks for your feedback Sarah!

Absolutely! Rod is one of a kind.

Thanks my friend! It’s always great to hear your feedback.

Hey man! If you send me an email at [email protected], I'll send you the excel file I created.

Hey man! I must admit that I've dropped the ball on developing these models. It's on my list but I haven't given it priority recently. I will likely have something to share on my website by the end of the year but I don't have an exact date. I'll be sure to let everyone know when they're available though!

Great point! It will be interesting to see how this plays out over the coming years.

Thanks for the feedback! We’ll look to incorporate more of this type of content into future videos. I look forward to hearing your feedback! 🙌

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. 👍

Thanks my friend! I’m glad you got value from the video. Looking forward to hearing your feedback on future content!

Thanks my friend! George definitely has a wealth of knowledge.

Thanks my friend! I’m glad you enjoyed the content.

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.

@@RaphaelCollazo yes, absolutely. thanks for the response. I'm guessing you research business hours and go with your gut on when to stop by as well?

@@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.

@@RaphaelCollazo cool. appreciate the tips! videos are great and helpful. thank you

@@Robert_Wilson_Pcola_Realtor Absolutely my friend! I'm glad you're getting value from the videos. Looking forward to future feedback!

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.

You’re welcome my friend!

Exactly!!

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?

It really is! Powerful strategy. Definitely worth sharing with your network.

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.

@@RaphaelCollazo Thanks for the reply. So what might a typical team split look like?

Thanks for tuning in!

Thanks for tuning in! I’m glad you got value from the content.

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.

Of course! I’m glad you enjoyed the video. 🙌

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.

Thanks your feedback! 🙏

He definitely is!

@@RaphaelCollazoI’m on my 3rd interview at a reputable Virginia CRE firm and will be applying Knakal’s advice 🔥🔥🔥

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.

Thanks Jon!

Good point Eric!