PODCAST
Eat, Sleep, Invest
Show Notes
Thanks for joining us on Eat, Sleep, Invest. In this week’s episode, Bryan Driscoll speaks with Michael Bull. Michael is a seasoned real estate investor who has 35 years of experience in commercial real estate investing. He works with all types of properties, including office buildings around the country.
Michael started working with commercial real estate at 19 and has worked in various aspects of commercial real estate since. He knows what it takes to make good deals and has tips for new investors and those who have been in the business for years. Bryan and Michael talk about:
- The types of things you need to learn when starting into the commercial market
- The differences between directly contacting homeowners and working with brokers with multi-family homes
- What seasoned brokers are looking at when buyers approach them and how do get to the top of their lists
- How brokers with clout can help you get a deal accepted and other ways to show strength in a negotiation
- How giving higher earnest money can make sellers feel more comfortable with the deal
- Why sellers and brokers are most interested in the surety of close
- What to avoid to prevent getting a bad reputation as a buyer
- Trends in the commercial property sector
- Mistakes commercial investors make, including concentrating too tightly on the short-term
- The difference between standard leases and triple net leases
- Why you should bring in a professional when it’s time to renegotiate a lease
- Tips for commercial agents, including finding the necessary training
Learn More:
https://www.commercialagentsuccess.com/
https://commercialrealestateshow.com/