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Criterion, Braden Cheek, Brian Duck, Joel Thompson
A podcast focused on breaking down commercial real estate for the average investor to understand.
Total 163 episodes
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Episode 113 - WHEN Are You Ready to Invest?
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss how to know when you're ready to invest in a commercial real estate deal. Time Stamps: 00:00 - Introduction 01:15 - Details about the Grand Prairie early childhood education center project and its success. 02:20 - Discussion on the high returns offered by commercial real estate compared to average market returns. 04:31 - Ribbon cutting ceremony for the Owasso co-working space and leasing the last available office. 05:37 - Federal Reserve's interest rate increase. 06:47 - Updates on Owasso retail development projects and opportunities. 08:51 - Importance of having an emergency cash fund. 11:07 - Paying off credit card debt to save on high-interest payments. 12:16 - Considering debt on depreciating assets (e.g., carIs, boats) before investing. 13:18 - Maximize contributions to tax-deferred retirement plans. 15:33 - How much money should be available to invest? 17:42 - The need for diversification and not putting all funds into one deal. 21:04 - Understanding investment risks and doing research before investing. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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31/07/2023
Episode 112 - Maximizing Returns with Retail Developments!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss how to maximize investor returns in this current economy by focusing on building & developing retail centers. Time Stamps: 0:00 - Introduction 1:12 - Introduction and Catching Up after Time Off 2:16 - Launching a New Deal - Grand Prairie Learning Center 3:20 - Challenges in Acquiring Cash Flowing Real Estate 4:26 - Shift in Focus to Development Deals 5:32 - Understanding the Feasibility Period for Development 6:35 - Controlling Land and Gathering Tenants' Interest 7:36 - Selling to 1031 Exchange Buyers 8:38 - Comparing Cap Rate to Unleveraged Return on Cost 10:51 - The Importance of Location in Development 18:26 - The Risk of Tying Up Land without Closing Deals *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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24/07/2023
Episode 111 - Warehouse Investing, Cannabis Boom, and the Power of Social Media with Aviva!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss warehouse investing, cannabis, and digital marketing with social media powerhouse Aviva Sonenreich! Time stamps: 0:00 - Introduction and Announcement of Latest Investment Opportunity 1:13 - Federal Interest Rates and Inflation Update 2:29 - Introduction of Aviva, Managing Broker of The Warehouse Hotline 3:47 - Aviva's Background and Family Legacy in Warehousing 5:00 - Embracing Social Media in Commercial Real Estate 6:05 - Impact of Legalized Marijuana on Denver's Warehouse Market 7:08 - Challenges and Changes in the Cannabis Industry 8:19 - Bringing Commercial Real Estate Online and Building a Community 9:34 - Adding Value to the Family Business through Social Media 10:40 - Overwhelming Curiosity and Investment Interest 11:50 - Long-Term Game and Cyclicality of Commercial Real Estate 13:02 - Understanding and Navigating the Market Cycles 14:11 - Wrapping Up and Contacting Aviva at The Warehouse Hotline Aviva's Website: https://warehousehotline.com *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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03/07/2023
Episode 110 - Building a THRIVING Real Estate Community: Insights from Kathy Portley With Tulsa REIA
Today hosts Braden Cheek, Brian Duck and Joel Thompson bring on special guest Kathy Portley to discuss the importance of networking in real estate and the recent expansion of the Tulsa Real Estate Investors Association. Time Stamps: 0:00 - Introduction and Updates 1:10 - Meet Kay and the Tulsa Real Estate Investors Association 2:14 - Growing the Association from 2,100 to over 9,000 Members 3:33 - Creating a Platform for Community Building and Deal-Making 4:39 - Importance of Networking Events and Expos 5:43 - The Power of Connections and Information in Real Estate Deals 6:59 - Communication Channels and Membership Features 8:08 - Overcoming Challenges and Seeking Guidance 9:08 - Free Resources and Learning Opportunities at Association Meetings 10:14 - Partnership with Community Tulsa for Commercial and Industrial Development 11:25 - Upcoming Topics and Guest Speakers 12:28 - Building the Right Team and Future Plans for the Association Tulsa REIA's Facebook Page: https://www.facebook.com/groups/tulsareia *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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26/06/2023
Episode 109 - Empowering WOMEN in Commercial Real Estate with Beth Azor!
Today hosts Braden Cheek, Brian Duck and Joel Thompson sit down with Beth Azor of Azor Advisory Services to discuss the importance of empowering women to get involved in commercial real estate investing! Time Stamps: 0:00 - Introduction and excitement about guest interviews 1:13 - Beth Azor's background and entry into commercial real estate investing 2:15 - Initial hesitations and eventual investment decision 3:21 - First LP investment and subsequent investments as a GP 4:25 - Addressing the gender disparity in commercial real estate investing 5:30 - Importance of women's participation in the industry 6:31 - Beth's efforts to engage women in commercial real estate investing 7:35 - Investing in commercial real estate and learning from experienced investors 8:37 - Creating opportunities for women through conferences and property tours 9:42 - Success of the Women's CRE Investment Summit and future plans 10:55 - Motivation for investing in LP and impressive returns 11:56 - Remarkable appreciation of a property investment over 16 years 18:38 - In conclusion… Beth's Website: https://www.bethazor.com Beth's Twitter: https://twitter.com/Bethazor1?s=20 *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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19/06/2023
Episode 108 - Leveraging Google Ads in Commercial Real Estate with Special Guest Max Fisher!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson join special guest Max Fisher (aka Commercial Real Estate Max) to discuss how he averages 75 transactions per year by leveraging google ads. Time Stamps: 0:00 - Introduction 0:34 -Update on our closing in Princeton, Texas and the progress of our other deals. 1:52 - Introducing today’s guest: Max Fisher, aka “Commercial Real Estate Max”! 2:40 - How did you get into the corporate leasing side? 3:43 - What is the target of your google ad searches? 6:30 - Max’s story is similar to a lot of those who have entered commercial real estate. 8:45 - What are the pros of industrial real estate? 11:15 - What type of returns are you able to get investors on these industrial deals in Tucson? 12:35 - Do you plan to expand beyond Tuscon? 13:33 - This is a great testimony to those looking to get into commercial real estate! 16:20 - 75 transactions a year?! 20:06 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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12/06/2023
Episode 107 - How to ADD VALUE to Your LEASE RENEWALS!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss how to add easy value to your lease renewals in commercial real estate. Time Stamps: 0:00 - Introduction 1:07 - We just wrapped up ICSC Vegas! 2:57 - Today’s topic: how to add easy value in your lease renewals! 4:02 - First and foremost: transition all of your leases to triple net leases & do your best to get an admin fee. 6:53 - We want RENT INCREASES! 12:26 - Distribute deferred maintenance items proportionately. 17:04 - Explore your OPTIONS! 20:17 - Make sure the triple net language in your lease is as TIGHT AS POSSIBLE. 23:36 - Final point: the rent you’re getting is the most important thing! 26:57 - Final final tip: don’t let your property manager negotiate your leases! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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05/06/2023
Episode #106 - 9 Ways to FINANCE Your Next CRE Deal!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss 9 of the most effective ways to finance commercial real estate deals. Time Stamps: 0:00 - Introduction 0:20 - What’s new? 1:21 - Today’s topic: 9 ways to finance your CRE deals! 3:18 - #1: Using local, regional banks. 7:02 - #2: HUD loans. 11:10 - #3: Fannie / Freddie financing. 15:44 - #4: Life company loans. 20:07 - #5: Commercial backed security loans. 24:39 - #6: Private equity. 26:09 - #7: Preferred equity. 29:29 - #8: Mezzanine debt. 32:59 - #9: Crowdfunding! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
00:00
30/05/2023
Episode #105 - Buying Commercial Real Estate Deals OUT OF STATE!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss various tips and precautions an investor should apply to successfully purchase out of state commercial real estate. Time Stamps: 0:00 - Introduction 0:26 - Today’s topic: How did we get comfortable with out of state deals? 1:46 - Joel’s first deal out of market. 4:00 - There’s fundamentals that you can rely on when evaluating deals. 6:05 - The pros of buying out of market. 7:15 - Think about businesses that would’ve been afraid to expand! 8:35 - Contact local broker & managers to get as much information as possible. 9:20 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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22/05/2023
Episode #104 - The Ultimate Guide to Profitable Land investments With Special Guest Brent Bowers!
Today hosts Braden Cheek, Brian Duck and Joel Thompson bring a new topic to the podcast with special guest Brent Bowers: LAND INVESTING! Time Stamps: 0:00 - Introduction 0:43 - Say hello to special guest Brent Bowers with Land Sharks! Here’s a little bit on his background. 5:19 - Tell us about your first couple of deals when you ventured into land investing! 9:38 - As Brent’s confidence grew, so did the deals. 11:00 - What were these people doing with the land that you were seller financing? 12:37 - Is your technique the same as it was when you started out? 14:23 - This is a testimony of doing whatever it takes to get your foot in the door! 16:59- When you say you look up places in demand, what exactly are you looking for? 18:31 - How much competition are you running into? 20:10 - What’s the tax situation looking like? 22:16 - What are you using to scale this outside of yourself? 23:38 - What is the largest piece of land you’ve ever purchased, and what was the most expensive? 26:04 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list Brent's Links: Instagram: https://www.instagram.com/brentlbowers/?hl=en TikTok: https://www.tiktok.com/@brentlbowers1?is_from_webapp=1&sender_device=pc Website: thelandsharks.com
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15/05/2023
Episode #103 - How to GET RICH QUICKER!
Time Stamps: 0:00 - Introduction 1:47 - We still have opportunities for investors to get in on our Princeton deal, AND some other new deals! 2:43 - Topic for today: how to get rich quick(er) when you’re starting out with nothing. 4:11 - Technique #1: Spend (dramatically) less than you make! 6:19 - Technique #2: Stop buying liabilities! 8:30 - Technique #3: Keeping your money in a bank account makes you poorer! 12:15 - Technique #4: Allocate your money into investments! Time is money. 14:49 - The rule of 72! 16:49 - Work DAILY on your financial education! 19:40 - You might have to change your circle of influence. Mentors are a must! 22:56 - Technique #6: The rich buy ASSETS! 26:25 - Technique #7: Track your NET WORTH! 28:28 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Sujay's website: https://bloom.ventures To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
00:00
08/05/2023
Episode #102 - 3 Ways to ADD VALUE to Your Retail Property!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson discuss 3 simple & effective ways to increase the value of your retail property. Time Stamps: 0:00 - Introduction 0:36 - Today’s topic: 3 ways to increase the value of your retail center! 2:25 - Value increase #1: Exterior capital improvements! 3:08 - How to do the math on tenant renovations to ensure it will be profitable. 8:32 - Value increase #2: Charging extra rent to cover the tenant improvement costs, essentially giving them financing options. 10:10 - Let’s do the math! 16:59 - How we evaluate if we’re going to give a tenant TI dollars or not. 19:02 - Value increase #3: Adding value through your lease! 22:21 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Sujay's website: https://bloom.ventures To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
00:00
01/05/2023
Episode #101 - Expanding Our Real Estate Portfolio With New Deals, Locations, and Principles!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson team up with Andrew Thelen- Criterion's new Principle and Director of Capital Gains- to discuss their newest deals and developments. Time stamps: 0:00 - Introduction 0:42 - Meet our new Principle and Director of Capital Markets, Andy Thelen! 1:40 - The benefits of Criterion having a new headquarters in the Dallas/Fort Worth area. 2:16 - Our newest deal: a development in North Dallas with Retail Partners! 7:25 - What’s the timeline of this deal? 10:23 - The update on our first retail development with Retail Partners in Owasso. 12:05 - It’s distribution time! 14:18 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Sujay's website: https://bloom.ventures To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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24/04/2023
EPISODE #100 - A Look Back at Some of Our Favorite Moments!
Today hosts Braden Cheek, Brian Duck and Joel Thompson celebrate their 100th episode of How to Invest in Commercial Real Estate. Time Stamps: 0:00 - Introduction 3:56 - Let the montage begin! 30:16 - In conclusion... THANK YOU! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Sujay's website: https://bloom.ventures To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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19/04/2023
Episode #099 - How to OWN A HOTEL! With Special Guest Sujay Mehta From Bloom Ventures
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the logistics of hotel investments with special guest Sujay Mehta. Time Stamps: 0:00 - Introduction 0:37 - Bank collapses & interest rates! 1:57 - Meet our guest: Sujay Mehta with Bloom Ventures! 3:35 - Debunking the myth that the average investor can’t own and operate their own hotel! 4:39 - What are the Cap Rates, Cash on Cash Returns, Debt & Leverage in the hotel industry as compared to retail & multifamily? 8:51 - Talk to us about your portfolio through COVID! 13:50 - “Sujay, I think you need to help us buy a hotel!” 14:05 - What metrics do you factor in to buy on a value basis? 18:02 - Do you take special consideration into the markets you’re entering? *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Sujay's website: https://bloom.ventures To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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27/03/2023
Episode #098 - The Advantages & Disadvantages of GROUND LEASES in Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the potential benefits & risks of ground leases in commercial real estate. Time Stamps: 0:00 - Introduction 0:14 - Let’s talk about inflation! 1:25 - Updates on our current developments. 3:30 - Today’s topic: the advantages & disadvantages of ground leases! 8:06 - What are the advantages in ground leases for the tenant? 11:21 - How mobile are ground leases? 12:08 - The 99-year ground lease in Tulsa. 12:43 - From a buyers perspective, why would you want to buy a lease hold title? What are the risks and rewards? 16:25 - What are the pros & cons of a build to suit? 18:47 - Last topic: pad-site sales! 21:01 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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06/03/2023
Episode #097 - 5 Ways to AVOID RISK When Purchasing Your FIRST Commercial Real Estate Deal!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss 5 ways to mitigate risk when purchasing your first ever commercial property! Time Stamps: 0:00 - Introduction 0:37 - The Criterion Building is FINALLY OPEN! 2:33 - Today’s topic: how to avoid RISK on your first CRE deal. 3:05 - Fear holds many people back from taking action. 3:38 - Tip #1: Don’t buy anything you can’t afford, but don’t play it small. Buy an asset worth having! 6:03 - Tip #2: Buy deals that cash flow from DAY ONE. 8:50 - Tip #3: Go into your deals with EXTRA CASH! 12:30 - TIP #4: DON’T manage your first property. Outsource it to a third party- maybe even Joel’s property management team! 14:10 - Tip #5 - Make a 3-YEAR BUDGET of income & expenses when underwriting the deal. Get help with underwriting your first deal. Contact us for recommendations! 16:19 - BONUS TIP: Stay in YOUR market, so long as it’s sufficient size! 18:29 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for Co-Working Owasso, visit: https://coworkingowasso.com/?public& To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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27/02/2023
Episode #096 - "Successfully Unemployed" with Special Guest Dustin Heiner!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the life and career path of a real estate success story who became financially free at the age of 37. Time Stamps: 0:00 - Introduction 0:51 - Dustin Heiner’s origin story and how he was able to quit his job 8:10 - How did you go about buying more real estate? 12:00 - Are there any key cities / market’s you’ve focused on? 14:46 - Do you have a team that analyzes properties for you? 17:50 - Are all of your deals residential? 18:49 - What does your equity structure look like? 20:32 - Tell us more about your online businesses! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com Dustin's Links: Free Real Estate Investing Course: Text "RENTAL" to 33777 or go to https://masterpassiveincome.com/freecourse Master Passive Income Podcast on Spotify: https://open.spotify.com/show/5LlbtWnBS2PLGN1JFV3szn Real Estate Wealth Builders Conference: https://rewbcon.com Get 10% OFF your ticket with promo code: "podcast" To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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20/02/2023
Episode #095 - Why SETTING GOALS Will Change Your Life!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the power of goal-setting and utilizing your subconscious mind to make your dreams come true. Time Stamps: 0:00 - Introduction 0:18 - Thinking about giving up on your New Years resolutions? Keep fighting! 1:37 - Step 1: get clear on your DREAM! 5:04 - Roughly 75% of Americans are unhappy at their job… Why is this? 10:03 - Our subconscious beliefs might be holding us back from our goals. Watch out for subconscious sabotage! 12:28 - The story of Brian’s goal to generate more passive income. 14:22 - Reminiscing on our first real estate goals & the work required to make them come true! 16:09 - The subconscious mind can also be a positive catalyst toward making our dreams come true. 18:08 - You’re still going to have to work your @$$ off, but it will be well worth it! 20:51 - In conclusion: surround yourself with people that have achieved your goals, and block out a chunk of time to work toward them every day! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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13/02/2023
Episode #094 - 4 Simple Steps to Evaluate Any Deal in Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss 4 simple tools that you can use to evaluate any commercial real estate deal. Time Stamps: 0:00 - Introduction 0:33 - Market Update: Interest rates rise again. 4:48 - Topic of the day: how to evaluate CRE deals! 5:31 - Evaluation Step #1: CAP Rate. 9:01 - Evaluation Step #2: Cash on Cash. 12:54 - Evaluation Step #3: Equity Multiple. 16:14- Evaluation Step #4: Internal Rate of Return. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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06/02/2023
Episode #093 - Self-Storage Investing and Blockchain Technology With Special Guest Scott Krone!
Today hosts Braden Cheek, Brian Duck, Joel Thompson and special guest Scott Krone discuss a type of asset class The Criterion Fund has always been curious about: self-storage facilities! Time Stamps: 0:00 - Introduction 1:08 - Who is Scott Krone? A little bit on Scott’s background. 3:22 - What influenced the decision to move into self-storage facilities? 6:07 - Self Storage CAP Rates fluctuate based on the individual assets. 7:17 - What type of buildings are you buying and repurposing? 7:50 - How are you funding these deals? 8:46 - How long is your hold period, and what IRR are you pitching? 9:38 - Scott’s new blockchain app, STOR, that allows investors and renters to facilitate self-storage opportunities. 14:48 - What does success mean to you? *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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31/01/2023
Episode #092 - It's DISTRIBUTION TIME! Criterion's Q4 and 2022 Distribution Recap.
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the distributions that they sent out in Q4, as well as what their total distributions were for 2022! Time Stamps: 0:00 - Introduction 0:09 - It’s DISTRIBUTION TIME! 1:22 - We bought $60 million worth of real estate last year, with $5.7 million being distributed to our investors. 2:38 - Our deals are filling up quicker than ever, so be sure to act fast when our investor list opens! Feel free to give us a call so you can get involved. 4:48 - Our first deal of 2023: A partnered ground lease in Burleson, Texas! 11:19 - What’s in the pipeline for 2023? 14:06 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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16/01/2023
Episode #091- A Review of Our 2022!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson review their 2022 deals and acquisitions while gearing up for a different approach to their investing strategy in 2023! Time Stamps: 0:00 - Introduction 0:36 - Our investor list continues to grow, with over 100 new investors in 2022! 1:39 - We bought Plaza West in January of 2022. 2:20 - We purchased Gordon & Farber and Marketplace Commons in April of 2022. 4:02 - We bought another Kiddie Academy in Cypress, Texas in June & sold it 4 days after Christmas with a 50% IRR. 5:11 - We purchased a Kiddie Academy in New Jersey in July & will sell it in the next 6 months. 6:07 - We bid on Stonewood Village in Stone Mountain, Georgia in August which has been doing well overall. 7:58 - Our acquisition in Slydelle, Louisiana with the value-add out parcels. 9:49 - The retail development deal on 96th & Garnett in Owasso! 10:52 - Our 2 ground leases next to Chipotle in Owasso. 13:31 - Our purchase of Rogue Owasso, & the pain of our investor lists being filled up quickly. 14:45 - We want to find more deals, but our 2023 deals will look different than 2022. 16:16 - Our predictions for 2023! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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09/01/2023
Episode #090 - When to WALK AWAY From a Deal in Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the times in which you should WALK AWAY from a Commercial Real Estate deal, providing real life examples from their own experiences. Time Stamps: 0:00 - Introduction 0:20 - We’re ending the year with TWO new closings! 1:33 - Reasons to NOT buy real estate. 2:36 - Example #1: The “Free Lease” deal in Wichita. 5:00 - Example #2: The deal in Tulsa where the owner wouldn’t provide historic financial data. 6:12 - Example #3: The Las Vegas deal with the environmental issues. 8:55 - Example #4: Not getting your commitment letters before the end of your due diligence period! 12:25 - Example #5: If you find some problems with a property that were NOT disclosed in the Operating Memorandum. 15:31 - Example #6: If you can’t get an estoppel on your largest income-producing tenant. 19:06 - Example #7: Rumors of bankruptcy & other major risks can completely destroy a deal. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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19/12/2022
Episode #089 - Save Money On Your Taxes NOW! The Benefits of Cost Segregation With Guest Erik Oliver
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss cost segregation & its benefits with special guest Erik Oliver from Cost Segregation Authority. Time Stamps: 0:00 - Introduction 0:44 - Erik’s background 1:41 - What is a cost segregation study? 4:02 - What is the average depreciation schedule when using a cost segregation study? 5:20 - What is the time frame & cost expected for hiring a cost-deduction specialist? 6:24 - Can you do a cost segregation analysis in your 3rd & 4th year? 8:25 - Can an individual try to do a cost segregation on their own? 12:11 - Energy credit savings! 15:43 - The relationship between CPA’s and cost segregation specialists 17:50 - Best way to get in touch with Erik? Visit www.costsegauthority.com ! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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12/12/2022
Episode #088 - Create the Life You Want Using PASSIVE INCOME!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss how to obtain a million-dollar lifestyle by generating passive income- with numbers to back it up! Time Stamps: 0:00 - Introduction 1:02 - Investment updates! 2:06 - Today’s topic: how to create the life you want! 4:10 - Running the numbers on a million-dollar lifestyle. 8:55 - Comparing CRE investing to a 401k plan. 10:10 - Allow yourself to think about the life you want to live! 11:14 - Example #2: running the numbers on a more financially conservative lifestyle! 14:56 - Learn to set money aside & watch your money SLOWLY grow. 19:25 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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05/12/2022
Episode #087- How to LOWER Your Effective Tax Rate Using Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson discuss ways to save money on your taxes by utilizing various Commercial Real Estate tax codes! Time Stamps: 0:00 - Introduction 0:49 - Braden’s monopoly revelation 2:45 - Let’s talk about TAXES! 4:20 - Tip #1: cost recovery / depreciation 8:20 - Cost segregation studies 13:29 - Tip #2: Capital Gains taxes! 17:07 - Tip #3: 1031 Exchanges! 22:00 - In conclusion… *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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22/11/2022
Profit & Loss Checklist: These 8 Items Will Help You Calculate Your P&L!
Today hosts Braden Cheek, Brain Duck and Joel Thompson discuss 8 major things you need to know when considering profit & loss in commercial real estate. Time stamps: 0:00 - Introduction 1:52 - Our new Owasso co-working space is coming soon! 2:35 - Today’s topic: understanding profit & loss! 3:27 - Gross Income / Revenue 5:18 - Different types of expenses! 8:11 - Net Operating Income (NOI) 10:23 - CAP Rate & how it interacts with the NOI & purchase price. 11:55 - Debt Service 13:55 - Is there a difference between profit and cash flow? 15:37 - Amortization cash flow, & depreciation! 18:56 - Final recap! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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14/11/2022
Episode #085 - Current Market Update: Interest Rates RISE AGAIN!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson discuss the current state of the market and its potential impact on real estate. What are your thoughts? Let us know in the comments section. Time Stamps: 0:00 - Introduction 0:43 - It's a crazy time to be in real estate! 0.75% interest rate hike, with prime now at 7! 2:26 - They're not quitting until inflation is under control. 3:49 - So what does it mean? 6:19 - The big picture- how we're feeling the impact of 2020's "Quantitative Easing". 9:42 - How does this affect real estate? 14:39 - Let us know your thoughts! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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07/11/2022
Episode #084 - Everything You Need to Know About LEASE AUDITS!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the logistics behind lease audits and what to look out for when reading over lease agreements! Time Stamps: 0:00 - Introduction 0:19 - Both of our Kitty Academies have been remodeled & are hitting the market! 2:12 - The logistics of the U-Haul incident at Plaza West and the broken HVAC unit at Dollar General. 4:33 - Understanding lease audits and how to build your model before purchases. 6:50 - There's 3rd party companies that do the lease audits for you. 8:23 - Multi-tenant vs. multi-family lease audits. 11:42 - Verifying triple nets vs. gross leases. 14:28 - Outs: Noticing how & when people utilize outs, & when they're necessary. 16:36 - Who pays for the ongoing maintenance items? 19:00 - Restrictive use. 20:39 - In conclusion... *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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31/10/2022
Episode #083 - Analyzing the Stock Market vs. Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss the various investment options available in today's volatile market. Time Stamps: 0:00 - Introduction 0:19 - "Iconik Bixby" breaks ground this week! 3:30 - Analyzing various investment options: the stock market is down! 5:57 - With real estate, our dividend has remained the same. 12:25 - In conclusion... *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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24/10/2022
Episode #082 - 6 THINGS You Need to Do Before Asking Investors for MONEY!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss 6 things you should do before asking potential investors to part with their hard earned money. Time Stamps: 0:00 - Introduction 0:30 - It's distribution time! 2:38 - #1: Establish credibility with a website / landing page. 5:46 - #2: Let them know your track record. 8:42 - #3: Tell them HOW they're going to make money! 10:51 - #4: Prepare legal documents to ensure written accountability. 13:47 - #5: Let them know your level of involvement in the deals. 17:53 - #6: Show them the team that you're working with! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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18/10/2022
Episode #081- Why You Should LEVEL UP From Residential to Commercial Real Estate Investing!
Today hosts Braden Cheek, Brian Duck and Joel Thompson discuss the pros & cons of residential and commercial real estate in an episode you don't want to miss! Time Stamps: 0:00 - Introduction 1:28 - The joys of CRE: someone crashed into our building! 2:43 - Why aren't more people in commercial real estate? 4:48 - What is an asset? What is a liability? 6:29 - Reframe how you think about CRE! 12:25 - Is residential real estate HARDER than commercial? 14:55 - In conclusion... *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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11/10/2022
Episode #080 - Our Top 11 Criteria For Underwriting Commercial Real Estate Properties!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund share their top 11 criteria for when underwriting commercial real estate properties! Use this checklist as a quick way to underwrite your next CRE deal. Time Stamps: 0:00 - Introduction 0:43 - Market Report: Things are slowing down! Opportunities will begin to present themselves. 2:22 - Common questions we get: "How are you finding these deals?" and "What Criteria do you use?". 3:41 - #1: CAP Rate! 7:02 - #2: Positive Leverage. 9:20 - #3: Cash on Cash. 11:32 - #4: Internal Rate of Return. 13:18 - Our criteria for each category thus far! 14:09 - #5: Price Per Foot. 17:01 - #6: Demographics. 20:50 - #7: Deferred Maintenance. 23:19 - #8: Tenant Risk! 26:56 - #9: Deal Size. 29:19 - #10: Income Growth Assumption. 31:18- #11: Exit CAP Rate! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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03/10/2022
Episode #079 - Poker and Commercial Real Estate: Understanding Implied Value in CRE!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund use a poker analogy to educate investors on the nature of implied value in Commercial Real Estate! Time Stamps: 0:00 - Introduction 5:21 - The benefits of understanding "implied value" when making decisions. 8:16 - No-limit poker and the mathematics behind its inherent risk. 13:58 - How do we take the poker example and apply it to CRE? 22:39 - Wrapping it up: understand the game you're playing! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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26/09/2022
Episode #078 - "What the Heck is An Appraisal?" EVERYTHING You Need to Know About Appraisals!
In today's episode, hosts Braden Cheek, Brian Duck and Joel Thompson discuss everything you need to know when going through the appraisal process! Time Stamps: 0:00 - Introduction 0:20 - What the heck is an appraisal? 2:05 - Your LENDER has to order your appraisal! 5:18 - How long does it take to get an appraisal? 6:41 - 3 methods of appraisal. 12:17 - Is there any way to change or influence the appraisal price? 13:40 - Different approaches of buying deals, & final thoughts! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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19/09/2022
Episode #077- HOME RUN! The Criterion Fund Sells 3 Out-Parcels in Plaza West Deal
Today our hosts Braden Cheek, Brian Duck and Joel Thompson discuss how they closed the sale of 3 out-parcels in their Plaza West deal, fully paying back their investor's initial equity investment and providing them continuous cash flow for the foreseeable future. Time Stamps: 0:00 - Introduction 1:10 - We're closing on the sale of 3 out-parcels in Plaza West! The buyer bought it in a 1031 exchange. 4:00 - We sold 1/10th of the total square-footage for 50% of the total value of the property. 8:22 - Let's talk numbers & returns! 12:40 - The power of Equity Farming: The ultimate home run in CRE is in keeping the properties and letting their value grow while paying investors their returns. 14:50 - What steps did we take to get these out-parcels sold? *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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12/09/2022
Episode #076 - NEVER SPLIT THE DIFFERENCE: Strategies for Negotiating in Commercial Real Estate!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund give advice on how to prepare and execute various negotiating strategies in CRE! Time Stamps: 0:00 - Introduction 0:16 - We are closing our brand new development in Owasso! 2:26 - Today's topic: negotiating strategies! 3:12 - How to negotiate when selling properties. 5:18 - Never give a discount to a seller unless you're getting non-refundable earnest money in return. 10:04 - Information is leverage! The more information you have in a negotiation, the better. 13:14 - On lease negotiations. 19:47 - Never split the difference! 22:13 - The power of playing good cop, bad cop! 26:09 - Joint venture deals. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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06/09/2022
Episode #075- Use THIS Budgeting Hack to STOP Living Paycheck to Paycheck!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson from The Criterion Fund discuss the fundamental problem in how the average person budgets their own money, and what they can do to fix it! Time Stamps: 0:00 - Introduction 0:40 - Our Owasso deal was 221% overcommitted! 3:00 - How is it people are making different amount of money, yet they're all living paycheck to paycheck? 5:22 - The NUMBER ONE reason people live paycheck to paycheck: THE STUFF! 8:35 - The fundamental problem in how we approach budgeting. 11:00 - The subtle genius of Monthly-Cost-Averaging. 14:15 - The importance of delayed gratification. 16:52 - It's time to revamp your budget! 18:06 - Why is it that wealthy people are often the most frugal? *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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29/08/2022
Episode #074 - What We LOVE About Our NEWEST RETAIL DEVELOPMENT!
Today hosts Braden Cheek, Brian Duck, and Joel Thompson from The Criterion Fund discuss what they love about their newest retail development in Owasso! Tune in now to hear them discuss the required equity raise, the expected investment structure, the projected returns, and the potential risks! Time Stamps: 0:00 - Introduction 0:31 - Where's the new deal located? 1:21 - What's important to know about this deal? 2:14 - How a ground lease works. 5:05 - Tell us about the other 4 tenants! 6:47 - What's the equity raise, investment structure, and projected returns? 11:13 - Potential risks for the investors. 17:24 - A final word on this deal! Join our FREE investor list to stay up to date on out newest developments. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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22/08/2022
Episode #073 - The 7 LEVELS of Investing!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss the 7 levels of investing and provide insight on how to move up to the "Sophisticated Investor" level that everybody should be striving towards! Time Stamps: 0:00 - Introduction 1:40 - Level #1: The "Broke" Investor! We've all been at this starting point before. You have to do everything you in your power to increase your income. 3:58 - Level #2: The Borrower! This category uses their income to borrow money in order to purchase liabilities with interest. 5:18 - Level #3- The Saver! This category is risk-averse, but unaware of investing strategies. Unexpected events can wipe their money out. 7:00 - Level #4 - The Simple Investor! Low-Level of financial education; they might take advantage of a 401k, but they're still doing the bare minimum. 8:55 - Level #5 - The Strategic Investor! They have a solid salary & expendable income, and they're developing a plan to put a safety net in place. 12:14 - Level #6 - The Sophisticated Investor! They have money left over after building their safety net and now they're looking for high-risk, high-return assets. 16:28 - Level #7 - The Professional Investor! They've mastered creating investments for other people to put their money into. Infinite returns are possible at this stage. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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15/08/2022
EPISODE 72 - KNOWLEDGE Combats FEAR! Exploring Value-Building Alternatives With Benjamin Meyers.
How do you make the most of the assets you already have? Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss alternative value-building alongside guest Benjamin Meyers! Time Stamps: 0:00 - Introduction 1:39 - Benjamin's background 3:33- Would you recommend getting your Masters in Real Estate Development? 9:11 - What is an "Owners Rep"? 12:58 - Bridging the gap between getting an education & actually starting a company. 16:54 - Benjamin's "AHA" moment when looking at the zoning laws after relentlessly trying to add value to the assets he already had. 23:21 - Recapping the themes of the day! Always look for alternative ways to create value. Knowledge combats fear. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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08/08/2022
Episode #071- RECESSION-PROOF Your Real Estate Career!
Today hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss the how to navigate the current current CRE landscape by seeing the opportunities behind rising interest rates and the uncertainty ahead! Time Stamps: 0:00 - Introduction 1:52 - We're typically higher-leverage buyers 2:37 - Using our latest Stonewood Village acquisition as an example of how rising interest rates affect your returns. 5:02 - If you're underwriting CRE, you need to know when "Prime" moves! 6:18 - Back to the Stonewood Village deal. 8:46 - What if interest rates keep rising? What are the downsides? 11:04 - There might be LESS risk and MORE opportunity in a rising interest rate environment! 14:40 - There seems to be less competition around us right now- uncertainty breeds opportunity! It may take 6 months for sellers to begin dropping their prices. 17:08 - Visit our website to get our updates, and remember to ask yourself how you can win! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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01/08/2022
Episode #070- If You Could START OVER in CRE, What Would You Do DIFFERENTLY?
Today our hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss what they would have done differently on their individual journey to CRE Investing! From starting sooner to understanding Real Estate cycles, this is an episode you won't want to miss! 0:00 - Introduction 0:27 - It's distribution time! Precision Equity & Criterion combined for over $1 Million in distributions this quarter! 5:15 - If you could go back & do it over, what would you do differently? 7:40 - Commercial vs. Residential - sometimes we don't know what's possible! 9:04 - (To Joel): How would you get into CRE differently from where you first started? 12:01 - (To Brian): Would you do anything different coming into CRE as a stock market investor & industry professional? Step 1: start earlier! 14:42 - Step 2 - Get more involved than just being an investor! 16:45 - (To Braden): What would you have differently coming up in the Real Estate game? 19:59 - The BIGGEST GIFT OF CRE: The gift of getting your time back! 21:34 - How The Great Recession affected Joel's perception of CRE. 24:16 - Understanding Real Estate Cycles! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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25/07/2022
Episode #069- How to Become A TOP ASSET MANAGER in Commercial Real Estate!
Today our hosts Braden Cheek, Brian Duck, and Joel Thompson from The Criterion Fund discuss the life and journey of one of Oklahoma's top Asset Managers- special guest Bob Parker from Owasso Land Trust! Time Stamps: 0:00 - Introduction 1:40 - Bob's origin story! 6:48 - Over the years, Bob learned how to run a multi-tenant property. 9:05 - Property Managers have to be the tenants friend! Honesty and respect are immensely valuable. 10:44 - "The tenants will get away with whatever you let them get away with!" 12:52 - Where Bob's Real Estate journey has taken him more recently, and how he fell in love with budgeting! 17:56 - "How did your tenants handle COVID restrictions?" 19:28 - No small business should let a customer leave without their phone number and email! Find a captivating way to get their information and connect with them. 21:34 - "Can't pay your rent? Prove it!" 23:01 - What are Bob's main value drivers as an Asset Manager? 27:32 - Bob to Joel: "Did you guys have a different response to COVID with your properties in Metropolitan areas?" 29:35 - Would you recommend getting a CCIM designation? 33:19 - One last tip on enhancing value! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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18/07/2022
Episode #068- The Current State of COMMERCIAL CONSTRUCTION!
Today our hosts Braden Cheek & Brian Duck from The Criterion Fund and special guest Tyler Detring from Ascend Construction Services discuss the state of commercial construction in 2022 and what tools Tyler and his team are using to persevere through supply chain challenges and inflation! Time Stamps: 0:00 - Introduction 1:20 - Tyler's background. 1:50 - It's a crazy time! How interest rates are impacting commercial construction. 4:00 - Setting & managing expectations in the industry! 9:34 - How is Tyler approaching pricing nowadays? 14:50 - The art of delivering disappointment & working with subcontractors and a 4-layered supply chain. 20:44 - Persevering and giving quality estimations in spite of the challenges that price fluctuations & labor shortages bring. 26:00 - Now is the time to start a business! There is a high demand for plumbers and electricians. 27:57 - Tyler gives The Criterion Fund a shout out! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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05/07/2022
Episode #067 - How to Spot RED FLAGS in Commercial Real Estate!
Today our hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss some red flags to look out for when purchasing a new multifamily or retail property! Time Stamps: 0:00 - Introduction 2:07 - Red Flag #1- Avoiding financial data / falsifying Income! 4:44 - Red Flag #2 - historical vacancies under 85%. 7:09 - An example of how owners will try to get higher rent rates because of Tenant Improvement dollars. 9:52 - Red Flag #3 - Unforeseen expenses that challenge your projected CAP-X! Examples in retail: parking lot expenses, roofing expenses, HVAC costs, and tenant improvement $$$ for vacant spaces. Examples in multifamily- boiler/chiller costs, roofing expenses, parking costs, & non-rentable units. 15:36 - Red Flag #4 - Receiving a "Further Investigation Needed" notification during the property's environmental inspection! 20:53 - Environmental testing in multifamily. 22:18 - NOI changes / final thoughts. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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20/06/2022
Episode #066 - What to Look For in a PROPERTY MANAGER!
Today our hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss what qualities are needed in your next property manager and what protocols you should be taking to ensure your property is running smoothly! Time Stamps: 0:00 - Introduction 1:16 - What should you be looking for in a third party property management company? 3:08 - Google + Effort = Knowledge! Get your list of managers together and ask for recommendations from people you trust in the market. 4:30 - You need to be looking at their infrastructure right off the bat. 5:59 - Should you choose a national or local property management company? 9:10 - What all does a property manager have to do? 12:11 - How much you care, matters! 13:20 - Be sure to walk the property with the property management companies. 14:01 - You want someone who's knowledgable on market rents and aggressive in negotiations! 15:35 - Why we negotiate our own lease renewals, and our final thoughts on effectively choosing the right property manager. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list
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13/06/2022
Episode #065 - Criterion's 5 KEYS to Success!
Today our hosts Braden Cheek, Brian Duck and Joel Thompson from The Criterion Fund discuss 5 key principles that have helped them throughout their investing journey! Time Stamps: 0:00 - Introduction 1:25 - What does success mean to you? 2:24 - Key #1: Decide what it is you want! 8:14 - Key #2: Focus your time! 14:14 - Key #3: Embrace FAILURE! 19:42 - Key #4 - Enjoy the journey! 25:36 - Key #5 - Never give up! *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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06/06/2022
Episode #064 - Maximizing Trust and Managing Risks With Neal Stenzel!
Today our hosts Braden Cheek, Brian Duck, and Joel Thompson with The Criterion Fund team up with Neal Stenzel, CFO of Oral Roberts University, to discuss his personal experiences when investing with The Criterion Fund! 0:00 - Introduction 0:43 - ICSC (International Conference of Shopping Centers) Convention 1:30 - This will be the last podcast in this studio! 1:55 - Our special guest- investor Neal Stenzel, CFO of Oral Roberts University. 3:19 - Neal's background as a conservative investor, and how he got into Commercial Real Estate Investing. 5:06 - "I went out and searched for some advice." - Neal dives deeper into the world of investing & starts to take more risks. 6:42 - "Education is expensive" - the price of making mistakes & how to bounce back. 7:28 - You have to learn what NOT to do! Life is about taking risks! 9:35 - "Risk" vs. "Risky” 10:56 - Neal's first time investing with us, and why trust played a huge role in minimizing "swindle risk" 13:44 - The biggest question for Neal was “How much money do I put into this?" And the importance of starting small. & more on swindle risk. 17:01 - Investing with The Criterion Fund in 2019. Remember you're in it for the LONG HAUL (5-7 year time period). 18:34 - Every time he had a question, Brian & Braden would answer his calls. The importance of being responsive. 20:32 - The combination of capital appreciation & income. Neal's reaction to the first deal that sold in Las Vegas. 22:19 - A lot of investing has to do with your family! 23:13 - The importance of over-delivering on your promises & consistently sending out checks to your investors. 25:41 - "You have to put yourself in position to be lucky." - how this applied to the El Luchador Deal. 28:10 - Comparing CRE Investing to investing in the stock market. *Be Sure to check us out on Spotify and Apple Podcasts for the Audio version of today's episode!** https://open.spotify.com/show/08KmNvqGV5HjmHUC8fLuce https://podcasts.apple.com/us/podcast/how-to-invest-in-commercial-real-estate/id1543470290?itsct=podcast_box&itscg=30200 Links mentioned in this episode: www.TheCriterionFund.com www.HowToInvestInCRE.TV Invest.HowToInvestInCRE.com To sign up for our exclusive investor list, click below. https://www.thecriterionfund.com/join-our-investor-list MB01GOYTK7WTBLE
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30/05/2022