Ep #124: Creating Wealth by Taking Run-Down or Obsolete Commercial Properties and Repositioning Them Into Cash Flowing Assets - with Ash Patel

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 20 September 2016

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this weeks show we’ll be speaking with commercial real estate investor, Ash Patel. Ash is quite the visionary as he commonly takes vacant and/or commercial properties and repositions them into highly valuable investments. And the best part, Ash did most of this all while working a full-time IT job. He has since gone full-time as a Real estate Investor, but you could say that he built a very successful real estate investment business in his part-time.

I’m positive that you’ll find our show with Ash both inspiring and motivational…I know I did.

Here’s what you’ll learn in todays show.

How Ash made the transition from being a full-time IT consultant to a full-time real estate investor.
Why he prefers commercial investments to residential?
The reasons why he was forced him to remain vacant for more than 6 months in one of his multifamily properties and the lessons he learned from this experience.
Why he feels local bank relationships are paramount in this business, especially when it comes to smaller scale commercial projects.
The opportunity he saw in a vacant single use tenant building that had an abnormally small amount of parking and turn it into a highly desirable asset.
How he’s been able to find all of his recent deals without having to do any direct marketing strategies like direct mail or cold calling.
How he’s been able to hedge his risk from another potential real estate down cycle by negotiating longer terms with his banks and also selling off any of his higher priced assets.
Why he feels that there are a ton of opportunities that exist on the local MLS, not Loopnet or CoStar, but the local MLS.
The reasons he wishes he would have sought out a mentor in the very beginning to help offset his learning curve and how he would have gone about finding this mentor.

Recommended Resources:

Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/KT36S

Transcript

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0:00.0	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.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:29.9	Hey guys, Kevin Bup here with episode number 124 of the Real Estate Investing for Cashflow
0:35.1	Podcast.
0:36.3	We're missions to help you build and maintain
0:38.1	massive amounts of cash flow through income producing real estate investments. In this week's
0:43.1	show, we're going to be speaking with commercial real estate investor, Ash Patel.
0:47.2	Ash is quite the visionary as he commonly takes vacant and or commercial properties and
0:52.0	repositions them into highly valuable investments. And the best part is
0:56.4	that Ash did most of all this while working a full-time IT job. Now, he has since gone full-time as a
1:02.3	real estate investor, but you could say that he built his very successful real estate investment
1:06.2	business in his part-time. And I'm positive that you're going to find our show with Ash both
1:10.2	inspiring and motivational. I know I did. And here's what you're going to find our show with Ash both inspiring
1:10.8	and motivational. I know I did. And here's what you're going to be learning in today's show with
1:15.0	Ash. You'll learn how Ash made the transition from being a full-time IT consultant to a full-time
1:19.7	real estate investor. You'll learn why Ash prefers commercial investments over residential.
1:24.4	You'll learn the reasons why he was forced to remain vacant for more than six months
1:28.4	in one of his multifamily properties and the lessons that he learned from this experience.
1:33.3	You're going to why he feels that local bank relationships are paramount in this business,
	...

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