How to Buy BIG Properties in 2024 (Commercial Real Estate “Buy Box”)

How to Buy BIG Properties in 2024 (Commercial Real Estate “Buy Box”)

533 View





Episode #863

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down. When primary mortgage rates were high, commercial mortgage rates were even higher. With record-setting vacancy rates in areas like office and less reliance on retail, many investors thought that commercial real estate was a dying asset class. But they weren’t entirely correct.

Investors like Kim Hopkins had thriving commercial real estate success, EVEN during lockdowns and the pandemic. Kim’s secret sauce to her high cash-flow commercial real estate portfolio wasn’t in getting lucky—it was all in her “buy box.” Kim ONLY buys properties that can’t get shut down, in markets where they’ll thrive, with tons of customers nearby. And today, she’s sharing her exact formula with us!

But that’s not all. Kim is currently debating doing one more deal before the year is up. This property looked like a home run on paper, but as she’s dug deep into it, the property may not be worth the price. From plumbing issues to overinflated income numbers, Kim uses David and Rob as coaches to help her decide whether this deal is worth doing.


~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
How to Get Into Commercial Real Estate Investing (For Beginners):
https://www.biggerpockets.com/blog/rookie-276?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Pro Forma In Real Estate: What Is It?
https://www.biggerpockets.com/blog/pro-forma?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
How To Calculate Cap Rate For Investment Properties:
https://www.biggerpockets.com/blog/cap-rate-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Kim:
BiggerPockets: https://www.biggerpockets.com/users/kimh76?utm_source=youtube&utm_medium=description&utm_campaign=none
Email: [email protected]
Instagram: @moneyplushappy or https://www.instagram.com/moneyplushappy/
LinkedIn: https://www.linkedin.com/in/kimhopkins2/
Website: https://www.ironpeakproperties.com/
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

00:56 NOT Investing in Rental Properties

02:05 What to Invest in TODAY

08:45 Risks and Best Properties to Buy

15:42 Deal Deep Dive

25:42 Should She Do the Deal?

33:06 Connect with Kim!