Terry Hale is an active investor and CEO of a private commercial real estate firm that provides acquisitions for all commercial property types and investment opportunities. The firm executes value-add strategies through direct and joint venture investments, primarily with existing assets located throughout the U.S. Utilizing our extensive commercial real estate expertise to create value, reposition, and stabilize for long-term capital gains.
[00:01 - 06:32] Opening Segment
Terry shares his commercial real estate adventure
Terry’s Not So Mentor Mentor
The niche only Terry knows and his success
[06:33 - 13:16] Creative Financing
What is Creative Financing?There is a story in every deal
Terry tells a story of his creative financing strategy
The Owner is the Bank StrategyIn-house underwriting and a multi-pronged approach
[13:17 - 29:36] How to Earn Great Returns in Self Storage Today
How to Manage a Property while You’re AwayThe Power of Utilizing Technology
Waiting for the Risk and Reward
20+ years of real estate experience and goingImproving distressed assets and sellers
How to Find Distressed Buyers
No banks and just selective lendersKnowing and understanding your contract
Every deal is unique and looking at interest as a toolNonrecourse, transferable, and assumable
[29:37 - 37:58] Closing Segment
Quick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
What is the best investment you've ever made other than your education?Retiring in his early 30 years
110-unit multifamily in Texas
Terry’s worst investmentBeing in business early on with an underqualified partner
What is the most important lesson that you've learned in business and investing?“Use other people’s money wisely.”
Connect with my guest. See the links below.
Resources Mentioned:
Easy Storage Solutions
Reonomy.com
Tweetable Quotes:
“We literally just look at these things and try to make sense of them.” - Terry Hale
“I don’t see doomsday in real estate.” - Terry Hale
“Always get educated. Always have control of your deal.” - Terry Hale
------------
Connect with Terry through
[email protected], Instagram, LinkedIn, and https://terryhale.com/.
Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/
Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.
LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes