Happy Sunday!!
I’m currently in the Bahamas for the yearly DIC (commercial mastermind) retreat. This is the first time in many years that I have (mostly) unplugged from my work and taken a break.
I’m grateful for my wife, Caity, for helping me slow down a bit while I’m here. She also convinced me to swim, underwater, with the dolphins yesterday – what an experience!! We haven’t got the photos yet-but I’ll share them on Facebook once we receive them.
I’m also grateful for the Diamond Equity team for keeping everything running smoothly this week. Special shoutout to Mike & Jean, 2 senior Acquisition Managers who stepped up to run our internal Diamond Mastermind meetings. Catch a sneak peek on what we discuss behind the curtains below.
Here’s today’s agenda:
- For Sale – 30 Real Estate Investor Deals
- $10 Million Loan needed for our Lawrenceville, GA Development Deal
- Rehabbed Warehouse-Flex Space For Sale $425,000
- Podcast on Flex Industrial Development
- The Diamond Equity Mastermind – Sneak Peak!
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Doing a Deal with Diamond Equity
Shouts outs this week to Ken Grant & Carlos Green for sending over 2 deals for review. I’m embarrassed to report that these 2 deals are still on my “to-do” list since I’ve been in the Bahamas this week… I am here with my Commercial Mastermind business partners-and plan to review with them in person–assuming we can remove ourselves from these Beaches long enough to do so…
For Sale 3147 Louis Sherman Dr,, Steger, Illinois
- 3,950 Sq. Ft Warehouse + Office
- 6,500 Sq. Ft. Fenced, Paved Yard
- Full bathroom with shower
- Turn Key-Move Right In!
- M1 Zoning (map) See pg. 57 for uses allowed
- Price $425,000 (Possible Seller Financing)
This warehouse has been completely updated and ready to move in. Perfect for contractors, storage, certain auto repair, warehousing etc. This place would be ideal to store a car collection, boats, jet skis, etc.
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The Diamond Equity Mastermind – a Sneak Peek!
Every Monday for the past 9 years, we have conducted a weekly call known internally as “The Diamond Mastermind”. On these calls we have developed & refined our business model, building our internal knowledge base shared by more than 20 individuals dedicated to making deals within the Diamond Equity organization.
The Diamond Mastermind is not open to the public. You cannot pay any amount of money to “join” this Mastermind. The only way you may attend is if you’re on the Diamond Equity team. This is very exclusive. However, here I am giving you a sneak peak.
This week’s topic, by popular suggestion, is our Relentless Work Ethic. Deals don’t happen by themselves. It takes disciplined strategic effort to make 3,188 offers in the past year, generating the 220 closed deals and 115 awaiting closing. On Monday’s Mastermind, everyone on our team will contribute their best thoughts around the topic of Relentless Work Ethic & Strategic Follow up.
This topic was born, in part, from Tim Grover’s book, Relentless. Tim was Michael Jordan’s trainer before & during the rings he won with the Chicago Bulls. This book, as well as the books on this list, have been drivers of many of our Diamond Mastermind calls, and by extension, the creation of Diamond Equity. It is all right there for you to obtain. Of course, like the Oral Torah, having the business leader’s explanation of how these books tie into the business model certainly helps!
If this Diamond Mastermind sounds like a good idea to you, perhaps joining the Diamond Equity team might also be good. Right now we are looking for another Acquisition Manager in Atlanta & Philadelphia, as well as a Virtual Ac Manager working from the Chicago office. Please note, I don’t respond to inquiries to join our team made by email. Instructions on how to apply can be found here.
$10 Million Needed to Develop our Storage Facility in Lawrenceville, GA
Any chance you know any Execs at a local Atlanta regional bank??
We own a 5 acre lot and already have the permits to begin building. We need a total of $14M to build the 100K sq. ft storage facility which will be sold to one of the large REIT’s after stabilized.
Although we already have loan proposals in hand, our ideal contact would be a president, or other executive at a regional local bank serving the Atlanta MSA-these banks often provide the best terms. Any chance you know an executive at an Atlanta Regional bank and would make an intro? Please reply to this email, if so.
We already have the equity here to execute on this deal, but we may open it up to our network for passive investment. The deal is projected to return 2X the up front investment within 5 years. The construction on this deal will take about 12-15 months once the shovel hits the dirt, followed by another 24-36 months to fully lease/stabilize. Once stable, this asset will move quickly to a large institutional buyer.
Lawrenceville, GA is a very constrained market when it comes to self storage-meaning the permits & zoning approval are not easy to obtain. Ours are in-hand. For this reason, there are already inquiries from those institutional buyers who have expressed interest in buying well before stabilization. If this were to occur, the 2X return would occur much faster than the projected 5 years.
If you might have an interest in taking a small piece of this project, please reply to this email & I’ll keep you posted. The minimum investment would be $50K and open to accredited investors only.
Here’s What I’m Buying:
- Retail Strip or Shopping Center 10,000-250,000 Sq. Ft.
- Industrial or Flex Warehouse 20,000 – 250,000 Sq. Ft.
- Must be value-add, either low rents OR vacancy