Commercially Speaking Podcast- Commercial Real Estate Investing That Entertains

Bo Barron, CCIM explains to Timmy Barron, ADHD Dan Sullivan's 4 entrepreneurial freedoms and how those freedoms are viewed through a biblical lens. Bo believes that running a business through a biblical lens is just good business whether you subscribe as a believer in Christ or not. Timmy is super curious.

⏰Time Code⏰

00:00 - Believe it or not, it’s good business!

03:13 - Financial Freedom

03:55 - Freedom of Relationship

05:03 - Freedom of purpose

05:31 - God’s Time

07:35 - God’s Money

08:02 - Relationships under God

09:01 - God’s Purpose

10:46 - Triple Bottom Line

📒Show Notes📒

Industrial real estate's favorite expert, CHAD GRIFFITHS, shares the risks associated with industrial real estate investing, going so far as to recommend that investors DON'T do it unless investing as an LP with an industrial expert. For those of you who will not be deterred, Chad ends with sharing 2 things that will make you an UNSTOPPABLE industrial broker or investor. See! It's not ALL bad.

Commercial Real Estate brokers in Kentucky and other states where the cannabis legalization journey has begun, are going nuts as their phones are flooded with calls of eager investors hoping to capitalize on the projected demand.

Industrial real estate's favorite expert, Chad Griffiths, explains the thesis by which his entire investment strategy is based on. Class B industrial property's supply is fixed. They are not making anymore of it. However, the demand is not going away. In fact, it's rising in areas with growing populations which creates a recipe for a low risk and high cash flow investment. And with all the fancy Class A industrial buildings being developed, Class B and C are almost always overlooked.

Industrial real estate's favorite expert, Chad Griffiths, breaks down the multi billion dollar investments being made to develop data centers. We also explore how Nvidia flew to the top as the most valuable company in the world with their GPU chips used to power the processing demand of AI. What happens to these made to suit data centers become obsolete? Chad cautions about these hidden risks as technology speeds ahead potentially squashing demand and leaving these data centers to transform into barns.

Industrial Real Estate's favorite expert, Chad Griffiths, explains what exactly constitutes industrial real estate in the simplest way possible.

A huge thank you to our commercial real estate community! It’s been an honor entertaining you for 75 weeks straight and we can’t wait to see what’s next.

Catch us at MassimoCon in November www.massimocon.com

We need your feedback! Sign up for our newsletter to get the feedback form! subscribe.wgbarron.com

We want this to be a show you love, laugh at and most importantly gain the knowledge you’re looking for. We can only do so much without your opinions, criticisms and feedback.

Please think of someone you can share this podcast with and let’s grow this community together!

⏰Time Code⏰

🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE:

SUBSCRIBE and LISTEN to Commercially Speaking Here:

📲 Connect with us:

Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets.

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron

In this conversation, hosts Bo Barron, CCIM and Timmy Barron, ADHD invite Industrial Real Estate’s fiancé, Chad Griffiths to discuss various aspects of industrial real estate. They cover topics such as different types of industrial properties, including warehouses and manufacturing facilities, as well as subcategories like self-storage and data centers. They also touch on the importance of factors like ceiling height, loading areas, and power supply in industrial properties. Chad shares his passion for industrial real estate and highlights the unique features and opportunities it offers. The conversation in this part focuses on different types of businesses that can be housed in industrial spaces, such as industrial outdoor storage and data centers. The speakers discuss the challenges and potential risks associated with investing in data centers, as technology and consumer behavior can change rapidly. They also highlight the attractiveness of class B and class C industrial spaces, which have a fixed supply and increasing demand, leading to higher rents and lower vacancies. The conversation also touches on the impact of the cannabis industry on industrial real estate, with Canada experiencing an over-supply and potential pitfalls for investors. In this final part of the conversation, Bo, Timmy and Chad discuss the risks and challenges of investing in industrial real estate. Chad emphasizes that industrial real estate carries a higher level of downside risk compared to other asset classes, and inexperienced investors should be cautious. He advises those interested in industrial real estate to spend several years learning about the industry, becoming an expert in the field, and understanding the local market. Timmy reflects on the lessons he has learned from the podcast and expresses his appreciation for the complexity and artistry of commercial real estate. As always, the episode ends with a fun pop quiz to test Timmy’s ability to pay attention and thank their listeners and guests.

Connect with Chad Griffiths

The Industrial Real Estate Podcast: https://industrialize.com/podcast

@ChadGriffiths on X

⏰Time Code⏰

00:00:00 - Start

📒Show Notes📒

🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE:

https://subscribe.wgbarron.com/?utm_s...

SUBSCRIBE and LISTEN to Commercially Speaking Here:

/ @commerciallyspeaking

!https://www.gstatic.com/youtube/img/watch/yt_favicon.png

Apple:

https://podcasts.apple.com/us/podcast...

Spotify:

https://podcasters.spotify.com/pod/sh...

Amazon Music:

https://music.amazon.com/podcasts/ad0...

📲 Connect with us:

/ @commerciallyspeaking

!https://www.gstatic.com/youtube/img/watch/yt_favicon.png

Instagram:

/ commerciallyspeaking

!https://www.gstatic.com/youtube/img/watch/social_media/instagram_1x.png

Facebook:

/ commerciallyspeaking

!https://www.gstatic.com/youtube/img/watch/social_media/facebook_1x.png

Tiktok:

/ commerciallyspeaking

!https://www.gstatic.com/youtube/img/watch/social_media/tiktok_1x.png

Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets.

http://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron

Summary

In this episode, Bo and Timmy discuss the economic impact of new jobs in Owensboro, Kentucky. After Gov. Andy Beshear announces that new dollar bills are coming to the community because of Zyn, they analyze the difference between basic and non-basic jobs and explain how basic jobs create a multiplier effect in the local economy. They use economic base analysis to determine the impact of 400 new basic jobs, which leads to a projection of 2,684 total new jobs. They also calculate the population employment ratio and predict a population increase of 5,395 people. Finally, they discuss the impact of these new jobs on retail demand and disposable income. In this conversation, Bo Barron and Timmy Barron discuss the impact of job announcements on various sectors of the real estate market in Owensboro, Kentucky. They analyze the potential demand for multifamily housing, retail space, and office space based on the projected increase in population and disposable income. They also highlight the importance of maintaining a certain level of vacancy in the office market to ensure efficiency and flexibility for businesses. Overall, the conversation provides valuable insights for real estate professionals and business owners in Owensboro.

Takeaways

Basic jobs have a multiplier effect in the local economy, creating non-basic jobs and increasing economic activity.

Chapters

00:00 Introduction and Subscriber Update

📒Show Notes📒

🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE:

SUBSCRIBE and LISTEN to Commercially Speaking Here:

📲 Connect with us:

Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets.

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron

In this conversation, Bo Barron, CCIM, Timmy Barron, ADHD and Rod Santomassimo discuss various topics related to commercial real estate. They share stories, give advice, and provide insights into the industry. One of the main themes is the importance of building relationships and understanding the motivations of sellers. They emphasize the need to ask questions and listen to the seller's story to gain insight into their mindset. They also discuss the fundamentals of sales and marketing, including prospecting and adding value to conversations. Overall, the conversation highlights the importance of executing the fundamentals and staying proactive in the industry. The conversation revolves around the topics of prospecting, coaching, and the upcoming MassimoCon event. Bo Barron shares his experience with prospecting and how a different approach from a potential buyer caught his attention. Rod Santomassimo emphasizes the importance of coaching and the implementation of knowledge. They discuss the readiness for coaching and the benefits it can bring to a broker's business. They also mention the upcoming MassimoCon event, highlighting the value of learning from top producers in the industry.

⏰Time Code⏰

📒Show Notes📒

www.massimocon.com

https://massimo-group.com/

🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE:

SUBSCRIBE and LISTEN to Commercially Speaking Here:

📲 Connect with us:

Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets.

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron