The RECC Podcast

Shane has a ton of experience raising capital to invest in commercial properties. He also does development: he has been involved in developing a mobile home park in the Muskoka, north of Toronto and small bay industrial in the Calgary area. He is based in Calgary and has invested in multifamily the US. We discuss his favourite strategy: value-add. He has a coaching program where he helps investors get started in commercial.

Logan's post
talk Commercial Real Estate
make it real
make Commercial Real Estate accessible

daily actions
create index of terms found on Bigger Pockets
read books: confessions of a real estate entrepreneur, Crushing it, The Real Estate Game
Create a group and be involved in conversations about commercial

Commercial tenants improve your building 
The property qualifies for the mortgage
Potentially larger gains
More sophisticated players

Jack is a real estate investor from Phoenix, Arizona who specializes in mobile home parks and uses funds instead of syndications as an investment vehicle.

Why I got interested in commercial
1. the idea of dealing with business owners rather than tenants attracted me
2. was told that more money could be made in commercial
3. I like the sophistication it requires
4. offers a great diversity of products: retail, office, medical office, veterinary, industrial... which can seem daunting at the same time if you look for deals

Tricks of the trades of investing in residential
1. overcoming the 5 property wall: dealing with B lenders or approaching the commercial side from an A lender
2. dealing with contractors: avoiding micro management
3. tenant screening: get the tenant to talk and call their references
4. tenant satisfaction: always be professional and if they upset you, wait at least an hour before you answer. Watch your emotions

The basics of investing 
1. job growth: more demand than supply
 2. the real estate cycles: recovery, expansion, hyper supply and recession with supply of rentals as an important indicator
 3. leverage: getting debt. Say you buy a property for $1M, put a 30% mortgage and through forced appreciation increase the value by 10%, you went from $1M to $1.1M or from $300k of invested capital to $400k ie 33% increase
4. budgeting: important to reinvest in the properties, initially you may be focused on growth but to maintain units rented, you need to reinvest

With Scott we dive into infill development of a particular product: workforce housing for multigenerational households. Scott explains us why the developer is like the conductor of an orchestra. An episode filled with insights about real estate development for those who are interested in that field.

My beginnings in residential | 
1. How I picked the area
2. Buying a fourplex
3. Remote property management
4. Support of local realtor for lease signing and dealing with local contractors