triple net leases

Episode 519: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) are jamming with Patrick Campbell on trends that are doubling in popularity and the businesses you can start to pounce on them. Patrick also shares three product frameworks, the importance of freedom-inducing purchases, and what his research has revealed about the ultra wealthy. No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd — Show Notes: (0:00) Intro (2:00) The Bezo's Number Framework (5:30) Trends: Coral bleaching, School shootings, teenage abstinence (12:30) More trends: French Bulldogs, sports betting, and other vices (21:00) Philosophy: Don't innovate (24:30) Patrick's tax strategy: Gas stations (30:00) The 5 Phases of "I just sold my company" (33:30) Freedom-inducing purchases (36:00) Secrets of the wealthy: To-do lists and exercise (39:00) How a researcher measures happiness (41:30) The trap of chasing a "freedom number" (45:00) Wealth, Status, Power (50:00) Product Remix Framework (55:00) Pricing strategy breakdown (1:02:00) New bod, who dis? — Links: • Patrick’s Twitter - https://twitter.com/Patticus • Paddle - https://www.paddle.com/ • Google Scholar - https://scholar.google.com/ • Bezo's Numbers - https://shorturl.at/dgJSV • Casino affiliate - https://playnj.com/ • MyBodyTutor - https://www.mybodytutor.com/ • Price change email copy - https://shorturl.at/kqE49 — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

How do you like the idea of making double digit returns while not needing to lift a finger with your investments? If so – this is the show for you. On this 47th episode of the BiggerPockets Podcast we sit down with commercial real estate investor and broker Joel Owens to learn strategies for getting started with commercial real estate investing. From apartment complexes to NNN lease investing and a lot more, this show is packed full of tips for investors in all walks of life. In This Show, We Cover: How Joel got his start… from Pizza Owner to Apartment Broker/Buyer Joel’s first investment… that turned bad quickly What makes an A, B, C, and D neighborhood How much does it really cost to buy commercial real estate? Should someone start with apartments or single family properties? Where to find apartment complexes and other commercial properties How to determine the value of an apartment How to carry out the “Value Add” strategy No money down commercial investing? Carrying a second mortgage when selling real estate NNN Lease Investing – How to get started with this passive investments And a LOT more Links from the Show Costar Loopnet BiggerPockets.com/calc BiggerPockets.com/meet Introduction to Real Estate Investment Deal Analysis by J Scott – (Great blog post about analyzing properties) Books Mentioned in the Show Dealmaker’s Guide to Commercial Real Estate: Strategy and Practice for the Intelligent Investor by Ray Alcorn Tweetable Topics “You have to have a certain mentality to live next to your tenants… I don’t have that personality.” (Tweet This!) “If you are used to buying houses, apartment investing is the easiest to get into.” (Tweet This!) “Real estate is like a roller coaster – fast lows and fast highs…with a lot of coasting in the middle.” (Tweet This!) “Run your real estate like a business, not a hobby.” (Tweet This!) “Small steps lead to big results.” (Tweet This!) Connect with Joel Joel’s BiggerPockets Profile Joel’s Website: AWCommercial.com Example of Income Approach Math Property Type: 4 Plex Income Per Unit: $400 Gross Monthly Income: $1600 Gross Expected Income: $19200 Subtract out all operating expenses (60%) $19,200 x .4 = $7,680 Net Operating Income: $7,680 Divide by Purchase Price to get Cap Rate: $7,680/100,000 = 7.68% Cap Rate: 7.68% Example of How to Determine How Much You Can Afford Cash Down Payment, 10%: $300,000 Seller held back a 15% second mortgage: $450,000 Total Purchase Price: $3,000,000 First Mortgage: $2,250,000 Learn more about your ad choices. Visit megaphone.fm/adchoices