Ep #135: How This School Teacher Took Down a 50,000 sq. ft. Office Property on His Very First Commercial Real Estate Deal - with Brian Murray

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 31 January 2017

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guests for this week’s show is commercial real estate expert, Brian Murray

In today’s show we’re going to be speaking with Brian about how he went from being a school teacher with absolutely zero real estate to full-time commercial real estate investor with a multi-million dollar portfolio valued in the 10’s of millions. And if that isn’t enough to impress you, what if I told you his very first commercial deal was a 50,000 sq. ft. office building. Strap your seatbelts on, kids, this is one ride that you’ll want to hang on for!

Here’s What You’ll Learn:

How he transitioned from school teacher with zero real estate experience to doing his very first commercial real estate deal, which was a 50,000 sq. ft. office building
How he was able to creatively structure the financing on this property even though it was only 50% occupied at the time of closing.
How he was able to quickly take the property from a point that it was just breaking even to making a substantial positive cash flow each month.
Lessons on how to successfully own and manage a variety of commercial asset types versus just focusing on one type.
The process of converting a prior extended stay hotel into a highly desirable apartment building.
How Brian utilizes a “low pricing” strategy in one of his apartments in order to beat out the competition and why he feels this is the most profitable way to run this particular property.
How to make the switch from smaller real estate investments and transition into larger commercial deals.
A few tidbits on how to find the heavy hitter investors within a particular marketplace and how to establish a relationship with them.
Why Brian feels that every investors needs to learn the landlord business firsthand prior to outsourcing to a 3rd property management company.
And much more

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.
0:21.8	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Buck.
0:30.1	Hey guys, Kevin Bubb here with episode number 135 of the Real Estate Investing for Cashflow
0:35.1	Podcast.
0:36.2	We're missions to help you build and maintain massive amounts of cash flow
0:39.8	through income producing real estate investments.
0:42.7	Now, our guest for this week's show is commercial real estate expert Brian Murray.
0:47.0	And in today's show, we're going to be speaking with Brian about how he went from being a school teacher
0:50.8	with absolutely zero real estate background.
0:53.6	And in just 10 years has built
0:55.3	a multimillion dollar commercial real estate empire with a portfolio valued in the tens of millions
1:00.6	of dollars.
1:01.7	If that wasn't enough to impress you, what if I told you his very first commercial deal was
1:06.4	a 50,000 square foot office building?
1:09.1	Yes, you didn't hear me incorrectly on that one. That 50,000 square foot office building. Yes, you didn't hear me incorrectly on now. And that 50,000
1:12.6	square foot office building was his very first real estate deal. That's pretty badass, right?
1:17.8	Well, then what if I told you that he pulled off this acquisition all by himself with no partners
1:23.0	by creatively structuring the deal and was able to get into it with only $40,000 of his own money.
1:29.6	And last but not least, what if I told you that the building was 50% vacant when he purchased
	...

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