168. Wholesaling Commercial Real Estate, Finding the Right Lender, Valuations in 2024 (Office Hours)
The Commercial Real Estate Investor Podcast · The Commercial Real Estate Investor Podcast
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Show Notes
Key Takeaways:
- Tyler's commercial brokerage is aiming to increase sales volume by 500% next year through goal setting and action plans with brokers.
- Tyler takes an annual month-long sabbatical in December/January to rest and work on other projects.
- The commercial real estate market outlook seems gloomy according to Tyler and other investors on the roundtable, with defaults expected to double in the coming months.
- Office loan defaults are around 87-89% already, which will likely cause issues for banks.
- Tyler recommends prospecting for off-market deals by handwriting letters to 600 property owners and following up quarterly for potential leads.
- Tyler's underwriting process is very conservative, targeting a 12% cap rate and stress testing for downside scenarios. He is currently only looking at deals that cash flow from day one.
https://www.tylercauble.com/podcast/episode168