817: Differences Between Commercial and Residential Real Estate with Tom Prakas

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 14 August 2019

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you ever wondered what it’s like working in commercial real estate? If so, you won’t want to miss this podcast with Tom Prakas. Tom’s brokerage, Prakas & Co., has closed over 450 commercial deals since its inception in 1999. As an experienced commercial broker (and father to a residential real estate agent), Tom has an in-depth understanding of the major differences between commercial deals and the average residential real estate transaction. On today’s show, Tom explores these differences and offers advice to those looking to transition over to the commercial sphere. Plus, he shares the story of his start in the industry, discusses what often causes commercial deals to fall through, and more. Get Instant Access to Hundreds of Free Real Estate Tools Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0	So the big question is this, how do most agents who don't have access to the secrets that most successful agents hoard to themselves grow and prosper in today's
0:17.8	competitive real estate environment. That's the question and this podcast will give you the answers.
0:25.0	I'm Pat Heiben and welcome to Real Estate Rock Stars. And now for the review of the day.
0:35.0	All right, got a five-star review from Beck's man.
0:42.0	Five stars listen to one. Now I'm hooked. Love the advice and
0:46.0	strategies from seasoned veteran agents. Keep the comments coming guys. I love
0:52.4	them and remember I eat feedback for Keep the comments coming guys. I love them.
0:53.0	And remember, I eat feedback for breakfast,
0:55.6	so give me a one-star review if you want,
0:58.1	or a five-star review if you want.
0:59.8	I don't care.
1:00.9	And the more reviews we get the better guests we get so please
1:04.6	subscribe first and then leave us a review or wherever you're listening. All right, Rock Star Nation, I got a great guest today. A little different than normal, you know, as we normally get a lot of residential agents on the show and a lot of residential agents.
1:32.0	Got a sum of residential agents.
1:32.8	Got a sum of them merge over in a commercial,
1:34.9	but as you know in most towns,
1:37.4	commercial real estate is completely different
1:40.1	than residential and different
1:44.4	and different professional together.
1:45.6	And you got a guy on the show named Tom Prockus and Tom
1:48.7	is a commercial real estate agent out of Boca Raton, Florida's crushing it out there and we're going to get
1:55.0	into some nitty gritty with Mr. Tom Prakker. So Tom, welcome the real estate rock stars.
	...

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