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Real Estate Investing for Cash Flow with Kevin Bupp

#322: Pandemic Impacts, Retail, Hospitality, and So Much More! -with Ray Alcorn

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

Investing, Education, Business

4.8679 Ratings

🗓️ 11 May 2021

⏱️ 66 minutes

🧾️ Download transcript

Summary

Ray Alcorn is a real estate expert and president of Park Commercial Real Estate. 

Ray has extensive experience in business and real estate development, including hotels, restaurants, single- and multi-family housing, shopping centers, and office buildings. He is responsible for the overall direction of the Company, and the development and implementation of the Company's strategic plan. 

Quotes: 

"To me, there are four prices in the macroeconomy that matter. The first one on the list is the US dollar. Believe it or not, everything we do from wages to what we pay for a head of lettuce at the grocery store is tied to the value of the dollar." 

"Some of the failures taught the best lessons. Life is supposed to be accumulative. That means you're going to make mistakes and the real sad part is if you don't learn the lesson that mistake holds." 

Highlights: 

1:56- Ray shares his background and how he got into the real estate space 

8:55- Ray talks about how his business is doing and gives his opinion on other businesses in light of the pandemic 

21:50- Ray talks about retail assets and what the future looks like in his eyes 

30:42- Ray talks about his venture in hospitality  

41:17- Ray shares what he's doing to prepare for opportunities that may arise from the pandemic 

45:03- Ray talks about his most challenging deal and how he got through it 

Guest Website: 

 

Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, quick announcement here before you dive into today's show.

0:03.7

We just locked up three individual assets that are all off market, direct-to-owner deals,

0:08.5

that are going to help our partners and you, the podcast listeners,

0:11.8

generate a ton of cash flow and build legacy wealth.

0:14.7

And so I just wanted to take a moment to drop in here and invite you to a webinar

0:18.1

that I'm going to be hosting on Tuesday, May 18th,

0:20.8

and we're going to walk through each of these respective investment opportunities.

0:25.1

You know, one of the big reasons why we're doing this webinar is because, you know, we've had

0:28.8

a ton of questions about parking lot investments here over the last couple of months.

0:33.0

Now, as you know, we've been doing mobile home parks for nearly a decade now, and most everyone understands

0:38.5

that business model. However, many of you probably know little to nothing about parking lot

0:43.2

investments and the incredible opportunity within this niche. Now, one of the three deals that we're

0:48.2

going to cover in this webinar is an institutional grade, Class A parking facility located right

0:54.0

here in my backyard of Clearwater Beach, Florida.

0:56.7

Now, for those that aren't aware, Clearwater Beach has been ranked the number one beach in America multiple times,

1:01.6

and it's where I've called home for the last two decades. And so really no one knows this market better than I do.

1:07.9

The Tampa Bay MSA is one of the fastest growing markets in the country

1:11.1

and is on absolute fire. And so I'm super excited to share these opportunities with you guys.

1:15.8

And so if you'd like to learn more, please go over to sunrise capitalinvestors.com

1:20.1

forward slash webinar to get signed up and I'll see you there.

1:26.1

You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.

1:33.0

But you're tired of all the so-called gurus who are all talk and no substance.

...

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