Converting Office Into Housing With Mark Cypert, CCIM

Join Bo Barron, CCIM and Timmy Barron, ADHD in this captivating episode of "Commercially Speaking" as Bo welcomes fellow CCIM instructor and commercial real estate (CRE) investor Mark Cypert, CCIM, to the show. Mark shares three riveting stories from his investment journey, offering invaluable insights into the highs and lows of CRE investing.

What You'll Learn:

• First Deal Success: Hear about Mark's first investment in Indianapolis, where he leveraged local government support by calling on the mayor to help secure a deal. Learn how this strategic move played a crucial role in the successful acquisition of the building.
• Office-to-Housing Conversion: Discover the complexities and challenges Mark faced in converting an office building into housing. Despite the significant difficulties and "brain damage" involved, this project turned into a highly successful venture, demonstrating the potential rewards of innovative thinking in CRE.
• A Deal Gone Wrong: Gain a sobering perspective on the risks inherent in CRE investing as Mark recounts a deal in California that went awry when the city stopped paying rent. Understand the importance of risk management and the reality that not every deal will go as planned.

Mark’s stories provide a balanced view of the CRE landscape, highlighting both the potential for great success and the reality of significant risks. Whether you're an aspiring investor or a seasoned professional, this episode offers valuable lessons and real-world insights that can help you navigate the complexities of the CRE market.

Tune in to "Commercially Speaking" for an engaging and educational discussion that underscores the importance of resilience, strategic thinking, and risk management in commercial real estate investing.

⏰Time Code⏰ 00:00:00 - Intro 00:04:08 - Name That Tune 00:09:01 - The Story Behind Bo’s Guitar 00:09:47 - Pop Quiz 00:21:21 - Who Is Mark Cypert? 00:24:15 - The 1st Investment 00:28:39 - Why Buy An Empty Building!? 00:36:14 - Ordinary Income vs Capital Gains Tax 00:37:33 - Converting Office Into Apartments 00:46:10 - Why Can’t This Be Replicated More? 00:50:24 - The Complexities of Ground Leases 00:51:51 - When A Deal Goes Wrong 01:03:24 - Shoutouts!

📒Show Notes📒

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Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron