Commercially Speaking Podcast- Commercial Real Estate Investing That Entertains

Industrial real estate's favorite expert, CHAD GRIFFITHS, shares the risks associated with industrial real estate investing, going so far as to recommend that investors DON'T do it unless investing as an LP with an industrial expert. For those of you who will not be deterred, Chad ends with sharing 2 things that will make you an UNSTOPPABLE industrial broker or investor. See! It's not ALL bad. Watch The FULL PODCAST: https://youtu.be/c4RcuT9WNEU Chad's recommend Twitter/X accounts: @PermitZIPelec @KPRunion @PermitZIPhvac ⏰Time Code⏰ 00:00 - Don’t Invest In Industrial 00:28 - The Risk 01:03 - Dumb Money 03:44 - Advice to Brand New Industrial Brokers/Investors 04:22 - Become An Expert 05:15 - Understand Your Local Market 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking ---- 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share ---- 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

Commercial Real Estate brokers in Kentucky and other states where the cannabis legalization journey has begun, are going nuts as their phones are flooded with calls of eager investors hoping to capitalize on the projected demand. Industrial real estate's favorite expert, Chad Griffiths, has a unique perspective to offer being Canadian and having experienced the "green rush" that happened in Canada. "There is blood in the streets!" he warns after seeing countless investors, including himself, lose big due to oversupply in anticipation of a demand that turned out to be a small uptick. "If anything, I'd look to short the market" he advises Bo Barron, CCIM and Timmy Barron, ADHD who are in the state that's on the cusp of this movement. UP NEXT, Don't Invest In Industrial: https://youtu.be/7ZF2ZTZJKoM Watch the FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Cannabis Real Estate Is Calling 01:04 - Canada’s Cannabis Blood Bath 03:43 - States vs National Legalization Impact? 07:18 - Most Should Not Invest in Industrial 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking ---- 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share ---- 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

Industrial real estate's favorite expert, Chad Griffiths, explains the thesis by which his entire investment strategy is based on. Class B industrial property's supply is fixed. They are not making anymore of it. However, the demand is not going away. In fact, it's rising in areas with growing populations which creates a recipe for a low risk and high cash flow investment. And with all the fancy Class A industrial buildings being developed, Class B and C are almost always overlooked. UP NEXT: Cannabis Real Estate | GREEN RUSH or BLOOD BATH?: https://youtu.be/85fI3Sg0-tA Watch The FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Start 00:16 - Class A 00:53 - Class B & C 01:54 - Class B is for Best 05:49 - Safer From Potential Threats 07:59 - Cannabis Real Estate 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@commerciallyspeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking ---- 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share ---- 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

Industrial real estate's favorite expert, Chad Griffiths, breaks down the multi billion dollar investments being made to develop data centers. We also explore how Nvidia flew to the top as the most valuable company in the world with their GPU chips used to power the processing demand of AI. What happens to these made to suit data centers become obsolete? Chad cautions about these hidden risks as technology speeds ahead potentially squashing demand and leaving these data centers to transform into barns. UP NEXT - The Most Overlooked Investment In Commercial Real Estate | Class B Industrial: Watch the FULL PODCAST: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - What Are Data Centers 00:14 - Flex Industrial 01:14 - IOS (Industrial Outdoor Storage) 01:52 - I Like It When You Call Me “Big Data” 03:32 - Nvidia, AI and Demand 05:58 - Why Most Data Centers Are In Virginia 08:15 - What Happens When Data Centers Become Obsolete? 11:20 - Silicon Valley 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@commerciallyspeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking ---- 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share ---- 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

Industrial Real Estate's favorite expert, Chad Griffiths, explains what exactly constitutes industrial real estate in the simplest way possible. Up next, DATA CENTERS: The Hidden Risks of These Multi Billion Dollar Investments: https://youtu.be/0Ot5P6GDAyo Watch the full podcast here: https://youtu.be/c4RcuT9WNEU ⏰Time Code⏰ 00:00 - Start 01:51 - Ugly vs Pretty 04:06 - Class A 04:22 - Warehousing 04:57 - Cross Docking Facility 07:57 - Manufacturing 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking ---- 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share ---- 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

A huge thank you to our commercial real estate community! It’s been an honor entertaining you for 75 weeks straight and we can’t wait to see what’s next. Catch us at MassimoCon in November www.massimocon.com We need your feedback! Sign up for our newsletter to get the feedback form! subscribe.wgbarron.com We want this to be a show you love, laugh at and most importantly gain the knowledge you’re looking for. We can only do so much without your opinions, criticisms and feedback. Please think of someone you can share this podcast with and let’s grow this community together! ⏰Time Code⏰ 00:00 - THE END 03:24 - LIVE Events Ahead 06:51 - Favorite Moments 09:02 - How it all began 13:36 - Our 1st Guest 15:25 - 1st Session In The Same Room 16:14 - Rod Santomassimo’s Legs 17:44 - Brad Ahrens So Handsome 20:09 - Chad Griffith’s Love Life 21:25 - Kid Rock & Spilt Coffee 23:52 - Top Producer Todd Humphreys! 25:35 - Dad 27:26 - Codie Barron Klinock 28:11 - Jim Rosen 29:55 - Bob Freakin Knackal! 31:43 - Michael Hironomous 32:27 - Daynon Kirby 34:54 - First Viral Moment 40:44 - Bye Alice! 42:10 - What Are Your Favorite Moments? 42:38 - We Need Your Feedback! 44:01 - The Break 46:34 - LIVE STREAMS 47:54 - SHOUTOUTS! 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share 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

In this conversation, hosts Bo Barron, CCIM and Timmy Barron, ADHD invite Industrial Real Estate’s fiancé, Chad Griffiths to discuss various aspects of industrial real estate. They cover topics such as different types of industrial properties, including warehouses and manufacturing facilities, as well as subcategories like self-storage and data centers. They also touch on the importance of factors like ceiling height, loading areas, and power supply in industrial properties. Chad shares his passion for industrial real estate and highlights the unique features and opportunities it offers. The conversation in this part focuses on different types of businesses that can be housed in industrial spaces, such as industrial outdoor storage and data centers. The speakers discuss the challenges and potential risks associated with investing in data centers, as technology and consumer behavior can change rapidly. They also highlight the attractiveness of class B and class C industrial spaces, which have a fixed supply and increasing demand, leading to higher rents and lower vacancies. The conversation also touches on the impact of the cannabis industry on industrial real estate, with Canada experiencing an over-supply and potential pitfalls for investors. In this final part of the conversation, Bo, Timmy and Chad discuss the risks and challenges of investing in industrial real estate. Chad emphasizes that industrial real estate carries a higher level of downside risk compared to other asset classes, and inexperienced investors should be cautious. He advises those interested in industrial real estate to spend several years learning about the industry, becoming an expert in the field, and understanding the local market. Timmy reflects on the lessons he has learned from the podcast and expresses his appreciation for the complexity and artistry of commercial real estate. As always, the episode ends with a fun pop quiz to test Timmy’s ability to pay attention and thank their listeners and guests. Connect with Chad Griffiths The Industrial Real Estate Podcast: https://industrialize.com/podcast @industrialize on Youtube @ChadGriffiths on X ⏰Time Code⏰ 00:00:00 - Start 00:05:54 - Who Is Chad 00:09:07 - Describing Industrial to 5th Graders 00:12:35 - Why Is Industrial Unique? 00:15:39 - Ugly vs Pretty Industrial 00:17:28 - Breaking Down Industrial 00:19:21 - Class A 00:28:57 - Data Centers 00:38:36 - Why Most Data Centers In Virginia 00:42:00 - What Happens When Data Centers Become Obsolete? 00:46:13 - How Different Classes Effect Each Other 00:47:51 - Class B vs Class C 00:56:39 - Cannabis Real Estate 01:04:53 - Most Should Not Invest in Industrial 01:09:28 - Advice to New Brokers of Industrial 01:13:05 - Pop Quiz 01:27:00 - Shoutouts 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_s... SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: / @commerciallyspeaking !https://www.gstatic.com/youtube/img/watch/yt_favicon.png Apple: https://podcasts.apple.com/us/podcast... Spotify: https://podcasters.spotify.com/pod/sh... Amazon Music: https://music.amazon.com/podcasts/ad0... 📲 Connect with us: Youtube: / @commerciallyspeaking !https://www.gstatic.com/youtube/img/watch/yt_favicon.png Instagram: / commerciallyspeaking !https://www.gstatic.com/youtube/img/watch/social_media/instagram_1x.png Facebook: / commerciallyspeaking !https://www.gstatic.com/youtube/img/watch/social_media/facebook_1x.png Tiktok: / commerciallyspeaking !https://www.gstatic.com/youtube/img/watch/social_media/tiktok_1x.png 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

Summary In this episode, Bo and Timmy discuss the economic impact of new jobs in Owensboro, Kentucky. After Gov. Andy Beshear announces that new dollar bills are coming to the community because of Zyn, they analyze the difference between basic and non-basic jobs and explain how basic jobs create a multiplier effect in the local economy. They use economic base analysis to determine the impact of 400 new basic jobs, which leads to a projection of 2,684 total new jobs. They also calculate the population employment ratio and predict a population increase of 5,395 people. Finally, they discuss the impact of these new jobs on retail demand and disposable income. In this conversation, Bo Barron and Timmy Barron discuss the impact of job announcements on various sectors of the real estate market in Owensboro, Kentucky. They analyze the potential demand for multifamily housing, retail space, and office space based on the projected increase in population and disposable income. They also highlight the importance of maintaining a certain level of vacancy in the office market to ensure efficiency and flexibility for businesses. Overall, the conversation provides valuable insights for real estate professionals and business owners in Owensboro. Takeaways Basic jobs have a multiplier effect in the local economy, creating non-basic jobs and increasing economic activity. The economic base multiplier can be used to predict the total number of jobs that will be created as a result of new basic jobs. The population employment ratio can be used to estimate the increase in population due to new jobs. Retail demand is driven by disposable income, which can be influenced by the increase in population and employment. Understanding the impact of new jobs on the local economy is crucial for commercial real estate professionals. Job announcements can have a significant impact on the real estate market, creating demand for various types of properties. Projected population growth and disposable income can help predict the demand for multifamily housing and retail space. Maintaining a certain level of vacancy in the office market is crucial for efficiency and flexibility for businesses. Chapters 00:00 Introduction and Subscriber Update 03:26 Announcement of New Jobs in Owensboro 11:53 Understanding Basic and Non-Basic Jobs 19:13 Calculating the Economic Base Multiplier 25:46 Predicting Population and Employment Growth 32:13 Impact on Retail Demand 39:50 Calculating Disposable Income and Retail Demand 42:46 The Impact of Job Announcements 45:21 Predicting Demand for Multifamily Housing and Retail Space 53:23 The Need for New Rental Units 57:02 The Importance of Vacancy in the Office Market 01:09:21 Demand for Office Space 01:13:19 The Need for More Office Space 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share 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

In this conversation, Bo Barron, CCIM, Timmy Barron, ADHD and Rod Santomassimo discuss various topics related to commercial real estate. They share stories, give advice, and provide insights into the industry. One of the main themes is the importance of building relationships and understanding the motivations of sellers. They emphasize the need to ask questions and listen to the seller's story to gain insight into their mindset. They also discuss the fundamentals of sales and marketing, including prospecting and adding value to conversations. Overall, the conversation highlights the importance of executing the fundamentals and staying proactive in the industry. The conversation revolves around the topics of prospecting, coaching, and the upcoming MassimoCon event. Bo Barron shares his experience with prospecting and how a different approach from a potential buyer caught his attention. Rod Santomassimo emphasizes the importance of coaching and the implementation of knowledge. They discuss the readiness for coaching and the benefits it can bring to a broker's business. They also mention the upcoming MassimoCon event, highlighting the value of learning from top producers in the industry. ⏰Time Code⏰ 00:00 Introduction and Setting the Tone 01:34 Guest Introduction: Rod Santomassimo 04:31 Starting a Coaching Business in the Financial Crisis 08:48 Personal Stories and Connections 12:50 Rating Responses to Prospecting Questions 16:41 The Power of Understanding the Seller's Story 23:05 Insights from Massimo Group Clients 24:34 The Importance of Executing the Fundamentals 25:01 Sales and Marketing Fundamentals 27:54 The Power of Prospecting 29:40 Creating Multiple Offers 32:16 Massimo Group Coaching 35:29 The Role of Coaching 39:12 When is Someone Ready To Be Coached? 42:50 Ignorance Tax 43:59 The Readiness to Be Coached 48:43 MassimoCon: Learning from Top Producers 50:19 Join MassimoCon for a Game-Changing Experience 51:38 The Power of Coaching in Commercial Real Estate 55:33 The Impact of AI on Prospecting and Marketing 01:05:25 Pop Quiz 📒Show Notes📒 www.massimocon.com https://massimo-group.com/ 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share 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

Join Bo and Timmy Barron in an insightful and multifaceted episode of "Commercially Speaking" as they welcome Daynon Kirby, a prominent member of the DEI (Diversity, Equity, and Inclusion) team at the CCIM Institute. Daynon shares his vital role in promoting diversity within the commercial real estate (CRE) industry, highlighting efforts to identify top diverse candidates and ensure that CRE opportunities are accessible to all, regardless of background or culture. What You'll Learn: DEI in CRE: Discover the impact of Daynon's work with the CCIM Institute's DEI team, as he discusses the importance of diversity in commercial real estate and the ongoing efforts to bring more diverse voices into the industry. Bo adds his perspective as a CCIM instructor, noting the positive changes he’s observed in his classrooms over the past five years. Long-Term Investment Strategy: Dive into Daynon's experience to Legacy’s investments, where buying to hold and rarely selling has become a highly successful strategy for his company. Learn how this approach can create a "cash printing machine" for long-term financial growth. Cannabis Real Estate Insights: Explore the burgeoning field of cannabis real estate as Daynon discusses the opportunities and challenges of this niche market. Bo shares his concerns about the risks, while Daynon reveals the potential for significantly higher rental rates in this sector. Scholarship Opportunities: Hear about the various scholarships available through the CCIM Institute, and the ongoing challenge of finding qualified candidates to award them to. This discussion underscores the importance of outreach and support for diverse professionals entering the CRE field. Timmy’s 420 Experience: Enjoy some lighthearted moments as Timmy, while not a CRE expert, brings his own "expertise" to the discussion with jokes about his knowledge of all things 420. This episode is a must-watch for anyone interested in the future of commercial real estate, from promoting diversity and inclusion to exploring innovative investment strategies. Tune in to "Commercially Speaking" for an engaging conversation that spans the spectrum of opportunities in the CRE industry. ⏰Time Code⏰ 00:00:00 - Start 00:17:40 - CCIM Scholarships 00:20:06 - DEI 00:27:53 - Finding Top Candidates 00:32:10 - DEI Being Stigmatized 00:34:11 - The “Family Video” Model 00:39:34 - Acquisition Criteria 00:40:25 - Never Sell 00:50:44 - Billionaires Buying up Residential 00:56:38 - Cannabis Real Estate 00:59:51 - Cannabis Real Estate Pricing! 01:05:01 - Pop Quiz 📒Show Notes📒 🎉SIGNUP FOR THE WEEKLY NEWSLETTER FOR CURATED CONTENT ON COMMERCIAL REAL ESTATE TRENDS, THRIVING IN BUSINESS AND MORE: https://subscribe.wgbarron.com/?utm_source=newsletter_share SUBSCRIBE and LISTEN to Commercially Speaking Here: Youtube: www.youtube.com/@CommerciallySpeaking Apple: https://podcasts.apple.com/us/podcast/commercially-speaking/id1680750330 Spotify: https://podcasters.spotify.com/pod/show/commerciallyspeaking Amazon Music: https://music.amazon.com/podcasts/ad036303-414c-4e30-9e89-768d30ed3ffb/commercially-speaking 📲 Connect with us: Youtube: https://www.youtube.com/@commerciallyspeaking Instagram: https://www.instagram.com/commerciallyspeaking/ Facebook: https://www.facebook.com/commerciallyspeaking Tiktok: https://www.tiktok.com/@commerciallyspeaking Newsletter: https://subscribe.wgbarron.com/?utm_source=newsletter_share 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