Jewels of Wisdom Newsletter – What Happened at the Commercial Mastermind this Week??

3 Key Take Aways from the Commercial Mastermind

Where The BEST Deals are Hidden – The best deals in real estate are often found in the follow up. The property comes to market, you make your offer, and it is not accepted. After a time, and maybe a dead deal or two for that seller, they come back around much more willing to do YOUR deal. This requires discipline to walk away at first and persistence to follow up in the face of rejection.
Risk Precedes Reward – While at the Diamond Inner Circle mastermind event, the largest deal of my career closed at a price of more than $16,000,000 – the reward is here. The risk was taken in 2022 when I wired away about 60% of net worth and 90% of my free cash to buy this deal. Waiting those first uncomfortable 18 months during construction was a lesson in risk taking. The cash flow in the past 18 months and now the exit are the lesson in reward-reaping the harvest!
Multi Family is in a State of “Reset” – The distress found in office has made it’s way into multi-family. Many markets have no rent growth & projects have debt coming due. This scenario is forcing undercapitalized operators to sell at a loss-often wiping the investors equity completely. Another lesson in risk.

2 Benefits of attending this Diamond Inner Circle commercial mastermind:

Finding Quality Operators – I invest alongside operators with experience & track records. I also get to underwrite their performance & thinking at these events because they present details on deals I own on stage. We do deals here. This is where I find many of my deals.
Deal Making Mindset – Being in the room with Deal Makers who’ve amassed $100M-$500M portfolios is refreshing. I know of no other place where I can participate in this level of concentrated commercial real estate operators. Maybe ICSC, but you’re usually meeting brokers at those events. Plus, any operators you meet are hesitant to share their trade secrets with you.

Podcast Episodes with Commercial Academy Mastermind Members

Recent Portfolio Exit Volume (Excludes JV & Syndication Deals)