259. Achieving Financial Freedom, Dealing with Deal FOMO, and More (Office Hours)

Key Takeaways:

Achieving financial freedom through commercial real estate investing often involves goals like being debt-free, taking care of family (e.g. retiring parents), and having the time and flexibility to live and work where you want.

Tyler faced challenges with a development project (Peerless Mill) due to issues with the local mayor and city government. He had to publicly address the problems to get transparency for the community.

When dealing with multiple investment opportunities, Tyler advises focusing on deals that align with your goals and priorities, rather than just chasing the next deal out of FOMO. There are more deals available than any one investor can do.

Building relationships with multifamily property owners and managers is key for accessing off-market deals. Strategies include joining local industry associations, networking with brokers, and offering to retain existing property management.

Triple net leases are very common in commercial real estate and can work for a variety of property types. The structure provides benefits for both landlords and tenants.

For new commercial real estate investors, Tyler recommends finding an experienced partner to help secure financing, rather than trying to do the first deal alone as a young broker.