267. Brokers Mastermind, Investing in Nashville, IRRs, and More (Office Hours)

Key Takeaways:

CRE Central offers comprehensive education and coaching for commercial real estate investors, covering fundamentals to advanced strategies.

Tyler Cauble recently launched a new, more in-depth underwriting spreadsheet for his CRE Accelerator members, which includes features like a green box for debt service coverage ratio and waterfalls.

When choosing between starting at a boutique brokerage or a large firm like CBRE or JLL, the decision depends on the resources needed and the type of clients one wants to work with.

Proper underwriting and being realistic about the numbers are crucial in commercial real estate, as Tyler takes a conservative approach to ensure deals work even if things go wrong.

The self-storage market has remained relatively stable in terms of cap rates, but Tyler advises looking into markets with more multifamily units than self-storage facilities to find attractive deals.

Tyler recommends investing in areas north of the Cumberland River in Nashville, such as East Nashville, Madison, and Hendersonville, as they are undervalued compared to more established markets.

Tyler is launching a Broker's Mastermind program in October, designed to teach brokers how to earn a million dollars in commissions in a year.

When marketing industrial outdoor storage before the property is complete, Tyler suggests using Craigslist, Facebook Marketplace, and large signage on the property, as well as writing blog posts to attract potential tenants.