Commercial Real Estate Investing From A-Z

How to raise $43M in a year? What kinds of non-recourse loans are available? Patrick Grimes, CEO of Invest on Mainstreet, shares his best practices on how he was able to raise millions last year, and how he overcame the hurdles along the way.Read this entire interview here: https://tinyurl.com/39wmxf8yWhat does the journey to raising $43 million really look like?I started back in 2006, I got some advice to get into real estate and I invested where I thought we're going to double and triple my money every couple of years but 2009, 2010 happened and I lost it all. It've personally guaranteed on pre development residential and raked me over the coals really bad, but a lot of people got hit pretty hard too. I think that one of the reasons why I'm successful today is because I failed early, failed young, fast and hard. It took me a few years to recover my credit, I worked my way up in the corporate world and did some really cool things. I did medical devices, solar cells, EV vehicles, and automation, robotics, one of a kind things. I got a master's in engineering and business, but I knew I needed to get back into real estate. I did it in much lower risk ways: in single family, both in recession resilient markets and assets that made measurable improvement to cash flow. Not inventing something from nothing, or a new development that's betting and hoping on pre-development returns. Reasonable return for a more moderate and recession resilient risk profile portfolio. That led me to a very successful path of grinding away in my career and moonlighting away in my real estate business. Ultimately, it was when my wife finally came around, and I realized that I was not dateable, and I needed to make some changes and focus on family. I make choices so that my future could grow so I stopped doing single family then traded into larger multi-family and apartment buildings, I partnered up, I started that to do large syndications around growth markets and diversify into other recession resilient, and non correlated assets like energy, where you can build safer portfolios.What are some of the best practices that other syndicators may actually benefit from?I came from high tech, when I started working I just kept my head down, underwriting, punching out numbers, and doing a lot of heavy lifting. In early 2020, I was advised, you're doing this the hard way, you've got a network of investors, colleagues that you've built a 15 year relationship with from high tech, but there's a lot of other investors out there and until you get your name out there and you tell your story, and you get out of your hermit hole and out from underneath your rock, nobody is going to know your story, you're not going to be as relatable, people aren't going to be drawn to what you're doing. I wrote a book, it's an Amazon best seller. I write for Forbes, I've written several articles on investing in commercial real estate. A lot of educational things about the trials and tribulations that I had. I started speaking on stages, I am speaking on MFIN on alternative investments, I've done economics and wealth building strategies. And people can relate to that.Patrick GrimesInvest on MainstreetJoin me at the Women's Real Estate Investment Summit on March 8th! www.azoracademy.com/women-s-real-estate-investment-summit-2023--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

What is the state of industrial investing today? Are the rising interest rates affecting some properties? What can you do to fix this problem? Chad Griffiths, Partner at NAI Commercial Real Estate, has been working in the space for over a decade and shares his insights.Read this entire interview here: https://tinyurl.com/yc82y696What is happening in the industrial world today?My overarching investment philosophy, and I try to share this with as many people as possible, because I think it's just the healthiest way to look at real estate, is investing very long term, I would almost like to think that I have an infinite money timeline. There are some properties that I don't ever want to sell, they might go to future generations. Anytime I buy a property, I must be as comfortable owning this property in 10 years, as I am today. That type of mentality smooths out these aberrations that we're going through. I think that this is going to be a painful aberration but I also think this is going to be temporary. I don't see interest rates being able to sustain this high going much past 2023. All the governments that are sitting on so much debt, all the corporations, all the households, by design, they're trying to curb inflation by pulling the interest rate lever, but it's making everything very expensive. And I do think that they'll pull that lever too hard and before we know it, we're going to have recessionary pressure and that comes with political implications. It's very hard to get reelected for a politician if they're in a deep recession. We'll start seeing all sorts of promises coming out this year, whether it's the other side saying, We're going to lower interest rates to stimulate the economy. And then the incumbents are going to say, We're going to do the same thing. I think we live largely in a political cycle more than an economic cycle because there are too many people pulling levers to try and get themselves elected. I don't think this is going to be long term in the grand scheme of most of our properties.What would you do if you had a mortgage coming up?I would probably raise money to pay that mortgage for the next couple of years, borrow from whoever you may need to borrow. Even credit cards potentially, there are several credit cards that you do not pay any interest for a year, I would potentially do that. If I believe that the rates are going to be going down. Another idea is start selling, or looking at partnerships. We have to do what we have to do. It’s also part of all the preparation that we all have been talking about over the last five years, that people have been thinking, The recession is around the corner. The people that have not prepared and bought at 4% cap rates with 20% down, that’s not on us because the wise investors have been warning people about this. It takes a 10% vacancy to destroy a deal in a recession. If people do not underwrite for that…they should have done their homework. A lot of people benefited over the last five years, and the ones that kept being super aggressive, you might need to take some money out of the benefit that you got over the last five years and put into these deals that might be suffering for the next couple of years, in my opinion.Chad Griffithswww.youtube.com/@industrializeJoin our newsletter here: www.montecarlorei.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

How to manage an industrial portfolio? How to compensate managers? What are the key things to keep in mind? Chad Griffiths, industrial investor and Partner at NAI Commercial Real Estate, shares his insights.Read this entire episode here: https://tinyurl.com/mr2ch5x2How do you manage an industrial portfolio?I have a property that we bought two years ago, it's a $3 million building and there’s a single tenant in there, a fortune 1000 tenant that occupies the building of a manufacturing facility. A $3M multi-family building by comparison, has maybe 20 units and it’s much more management intensive. The industrial you have one tenant, the multi-family you have 20. The way our lease is structured is NNN: the tenant is responsible for paying all the operating costs on the property. Instead of them calling us for every little thing that goes wrong, they just fix it. In two years, I’ve been to that property a couple of times, my partner and I self-manage that one. We also have other properties with more tenants, and we have property managers in those ones. Even though it’s a lot easier to manage from a time, energy, focus standpoint, there are times when I think you do want to have a professional property manager.When should you get an onsite manager, and how often do they need to go there?The deciding factor for us is largely down to how complex the situation gets. Even though you’re not dealing with the same amount of tenants, things come up. The scale of having 10 tenants vs one tenant, where you have one point of contact, it’s very easy for us to follow up with a general manager, they take care of most of the things that go wrong. If there was something like an electrical issue, then we get involved and have a contractor come to address it. But it’s just much less time intensive to look after one tenant. The one where we have 10 tenants, there’s smaller tenants, they need a little bit more hand holding, because they might not know how everything works. There’s also a common area, so anytime you’re dealing with tenants having to interact, then you potentially have issues.The tenants pay base or net rent to the landlord, they also pay for the operating level expenses of the property. That’s usually property taxes, building insurance, common area maintenance, landscaping costs, etc, and that’s a budget. When a landlord gives a tenant their numbers in advance at the beginning of the year, the base rent is contractually agreed upon, that could be $10 a square foot for the whole term of the lease, there could be escalations, but that’s already known. Whereas the operating costs, all the landlord can do at the beginning of the year is an estimate. At the end of the year, they have to reconcile all those bills, this is how much we actually paid on all these things, add up how much they paid out of how much they collected, and they either need to give an invoice for any amount that is still owing, or they give a credit or refund back to the tenants. Because that operating cost is collected in advance, when the time comes to reconcile and you either have to send an invoice or send a credit, no tenant will ever complain about getting a check in the mail. But a tenant will not be happy if they get a $10,000 invoice at the end of the year because it was poorly projected at the beginning.Chad Griffithswww.youtube.com/@industrializeJoin our newsletter here: www.montecarlorei.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

How to find a retail deal, negotiate, buy, develop all while dealing with all the curveballs that are thrown at you? Beth Azor, CEO of Azor Advisory Services, has been investing in retail for the last 36 years and shares one particular deal from beginning to end.Read this entire interview here: https://tinyurl.com/3755w9hdLet's talk about a deal of yours, how did you find it and what happened throughout the deal if you still own it?I'm going to talk about B&B Plaza. I was at a City Commission meeting and they outlawed strip clubs, immediately my brain went to a strip club on Main and Main. It was going to happen 24 months from then. The next morning, I look up the tax rules on the address of the strip club and I found out this 80-year-old couple, I called them and said, I'm calling you about your building where Eden's nightclub is located, last night at the town of Davies commission meeting, they outlawed strip clubs, so 24 months from now, there will not be a strip club there, would you like to sell me your building? They said, no, we don't believe you, we get $10,000 per month in cash from the strip club. I sent them the minutes of the meeting, we started having a dialogue and they were not jumping up and down to sell me the building.The two-year mark comes, the strip club closes, and exactly my prediction happens, four competitors of mine swoop in, they were very aggressive with these people because they didn't understand them, and didn't know them. I got a call from their son. They had been very ill, and that they're definitely going to sell and I'm coming to town to meet five of you. I said okay, can I be the last person? He said yes, my parents really liked you so you have the jump ball. The next day he calls and says if you pay 3.4 million, it's yours. I said done. He says, how fast can you close? I said 24 hours. The reason why I could afford to pay more is because I had great relationships in the market. I had called a friend of mine who had a property across the street and she had just done a renewal for 5,000 square feet with a national company at $50 a square foot. My two shopping centers down the street: one was at $30 and one was $40. The fact that she had $50 rent and it was behind our parcels, was very good market intel. I went through three project managers to build it. After we built it, everything was opened, Starbucks, Blaze Pizza, Select Comfort. A day before Verizon moved in, they told us that there is no RTU's in the building (air conditioner units). My air conditioning guy puts the air conditioning units on the roof, he doesn't pull a permit and he gets caught. I get a call from the city, with whom I have a phenomenal relationship saying you have an illegal vendor on your roof and he doesn't have insurance. I had to pay $27,000 in late fees to Verizon and I had penalties from the city because I tried to do it without a permit for speed purposes. It was a very expensive lesson.My NOI today is $660k, on average $66 a square foot, it's probably worth 12 to 14 million, we paid 3.4 million, the construction was probably another 4 million.Join the Women's Real Estate Investing Summit here: bit.ly/3JaGeiEBeth AzorTwitterInstagram--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

What is happening in the flipping world today? How do you prepare as a flipper when the rates are high? How to buy deals with future expectations being low? Elisa Covington, founder and CEO of Transform Real Estate Investments shares her insights.Read this entire interview here: bit.ly/3iq0BgUWhat is happening in the flipping world today?It's interesting that people perceive what's happening in the housing market and the interest rate, that the market is tanking and nobody is buying homes anymore which I find not accurate based on my own experience. I've sold about nine homes this year, three homes at the beginning of the year when the market was really good and then the other six homes after the interest rate started increasing and the market declined.My experience hasn't been that terrible. The houses I flipped actually were able to sell on the market within a week or two. And, in most cases, the sale prices were at my expectation or even above my expectation. I have one home that's been sitting on the market for maybe two months now. Most of my experience has been positive which is contrary to popular belief. There are still a lot of buyers out there and I think the Bay Area market may be a little unique, too, because there's just not a lot of inventory, and even though the interest rates are high, buyers are taking a step back because of the limited inventory, but the supply and demand haven’t really shifted that much. Most agents that I work with, the top real estate agents in the Bay Area market, are still categorizing it as a sellers market.How are you able to buy deals with future expectations being low when it has been very competitive up until now?In this market, selling is harder because buyers are taking a step back because of the higher interest rate and the fear of a recession. Because buyers are taking a step back, it's actually really easy to get a good deal because there's not as much competition as before, especially with my target acquisitions, which are homes that are fixer-uppers that are in very poor condition. In a normal market, some buyers may say, we can afford a remodeled home so we're going to buy a home that's in a poor condition for a little less. And the difference in prices between a remodeled home and a fixer-upper is not as significant in a hot market because there's not much inventory and there's a lot of competition. But when the market is as slow as it is now, buyers are focused on remodeled homes, nicer homes, the fixer-uppers get overlooked, they tend to sit on the market and sell for a much lower price than the homes that have been remodeled. The difference in prices between those two types of homes actually has become more significant.In this market, it is easier to find good deals. That's the beauty of house flipping, we're on both sides of the market. We need to purchase a home to flip it, and then after the flip is done, we have to sell the home so we are both the buyer and the seller. When the market changes, if the market is hot, it's going to make it super easy to sell, you're going to sell for more than you are expecting and you will do fine but when the market is declining.Elisa Covingtoninstagram.com/transformrealestatewww.youtube.com/@TransformRealEstateSubscribe to our newsletter here: www.montecarlorei.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

Today we'll go over some tips for setting your real estate goals for the year, how to look at them on a daily, weekly, monthly and on a yearly basis, how to organize your day, and when is the optimal time to hire a full time VA. Bronson Hill, principal at Bronson Equity has been in the real estate investment world for the last four years, he has raised over $30M and shares his insights.You can read this entire episode here: bit.ly/3VTpvTLLast year you raised an incredible amount of money, what do you think was the biggest step you took in the last four years to get yourself to where you are right now?I think the biggest thing that happened was I made the decision that I was going to leave my job within a few years, I was going to figure out a way to do it. By doing that, your subconscious tries to figure it out, you go to events, meet the people, make connections. And in the process, I started a meet up in Southern California, and found my first investor there. I'd had so many calls with friends and family to raise money for real estate deals, and zero invested, it was so frustrating stuff, but this guy who I'd never met before, who simply saw me at the front of the room, he didn't see me as an expert, but as a leader in the space. The amazing thing is when you're trying to get started, it's so important that you try to find a way to add value. You're doing it by this podcast, other people are doing it by going to events and trying to find a way to help people on their journey. We create a lot of content now, emails, videos, we have our YouTube channel and all types of stuff to create value for people.You have a specific amount of days that you're completely disconnecting for the year. Can you tell me a little bit about that? And how do you do it?That's new for me. I'm always working and doing things, even on a day off. I'm a part of a coaching group now and they're saying that it's really good to have a certain number of free days, and that is defined as you don't answer an email, you don't pick up the phone. When somebody calls for business, you're out of the office. And it's so hard to do. But if you're an entrepreneur, you can hopefully have team members that can help, you train your people, you work with your partners, your investors, etc. I don't pick up the phone on the weekends unless it's an emergency. My goal this year is 115 free days where I don't do any work on those days.A lot of times when people decide to take a week, or a month off, and they just really let the team take care of the business, more often than not, the company actually does way better than when they were there watching over everybody.Is there anything else that is important to share regarding goal setting?You have to have written goals, when you write it down, you're actually creating something. And something doesn't exist unless you create it, you either speak it, you write it down. And put that up somewhere, I have my goals typed up with my mission statement, I laminated on the backside and there are pictures of what those goals look like. And I read those every morning. Keeping that in front of you is really important. I encourage anybody who's listening who wants to change their life, start creating the goals and keeping them in front of you all the time.Yeah,Bronson Hillwww.bronsonequity.comVA finder: www.virtualstafffinder.comzero tax summit, get notified by joining our newsletter here: www.montecarlorei.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

What’s going on with hotels in this economy? Which markets are they thriving now? What are the benefits of investing and operating hotels? What are some types of hotels that may be great investments today? Julie Surago, Vice President at Olive Tree Holdings shares her insights.You can read this entire interview here: bit.ly/3G2PLVOWhat is going on with hotels today?Through COVID, you would expect that hotels got hit the most because of the stoppage and most travel both business leisure and international group, and yet hotels were able to weather the storm based because of the PPP loans that were given out by the government. And each hotel employs a fairly large number of people anywhere from Best Western which has 20 employees up to 1000, and Marriott which might have 200 employees and they took advantage of that. So, there wasn’t a lot of distress in the market that we really expected to see. In fact, my firm was going to try to find some opportunities in the hospitality and real estate investment market, but it never really transpired.What are some of the benefits of investing and operating hotels? It's very hands-on and you have people moving in and out on a daily basis, but are the returns better?The biggest challenge with hotels today is staffing. Every industry is having trouble with staffing, especially the hospitality industry, hotels, and restaurants because there are a lot of turnovers and there are not as many international H-1B1 visas. However, the biggest benefit of a hotel versus any other type of real estate class is in times of inflation, when the value of the dollar is going up, hotels can react quickly. They set their rates every single day so you'll notice when you look at, not just hotels, but airlines, the prices are going up pretty significantly along with everything else. Whereas, if you have a multifamily lease or an office lease, retail, or industrial, some of those either get reset once a year or get reset every five years which is a lot harder to react to inflation.If you were to purchase a hotel today, what are some of the major things you would be looking for?I look for upside. If you're looking at a hotel, maybe it has a brand that is strong, but there should be an opportunity to "upmarket" something. What has been attractive for hotel investors is the ability to assume a loan at a fixed interest rate. There are a lot of hotels, particularly midscale hotels with limited service, that are on long-term CMBS loans and maybe they have a fixed interest rate of 4.5% which is extremely attractive right now. Another thing that has been attractive for people and also for some sellers is the big firms that have the ability to do so are offering seller financing at terms lower than what you can find in the market. I'm seeing hotels that were not attractive buys five years ago, but sellers are able to sell them now because they can offer that financing at cheaper returns, which really improves the upside, at least in comparison to what you can find.What kind of hotel size would you look for?I'm really into limited-service hotels. The resorts and full service are very attractive and fun to own but limited service usually is easier to operate. Fewer employees and a lot cheaper to buy. Another thing that is always been attractive to me is to buy nicer economy hotels. I think those weather the storm really well as far as any kind of economic disruption, whether that be building like Qantas or Wyndham micro hotels,Julie Suragojulie.surago@gmail.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

Do you feel like you're way behind other investors regarding your real estate goals? Do you look at others and sometimes feel like you haven't made much progress compared to them? Today I'm going to remind you to just focus on your journey because you don't know what others are really going through!You can read this entire episode here: bit.ly/3v40AShWatch the detailed explanation about Matt Onofrio's $35M alleged fraud here: bit.ly/3hBSk99With the year coming to an end, and a brand new one starting, I thought it would be useful to talk about being happy with our journey, not comparing ourselves with others. There's something happening right now in the real estate industry with a particular person that a lot of operators were looking up to him, he was growing incredibly quickly, in a very short time, he was hanging out with the who's who of real estate, and he was even writing a book for Bigger Pockets. He had just started investing in real estate for the very first time, three to four years ago. It turns that, as of now, everything may have been a fraud. When I did my own startup over a decade ago, it was not only one of the most difficult things that I have done, but I also learned that it's so important for us to focus on our own things and never worry about "the competition" and the fact that all of our competitors are doing so much better than us. One of them copied everything that we were doing and raised millions of dollars. The other also raised a lot more millions of dollars. The one that copied us at the end of the day ended up going out of business. And the other one that had raised even more millions of dollars, the CEO ended up terminating his life because he had purchased a ton of inventory that he was not going to be able to sell. These people were on the news, they were on the tech startup blog posts being written about nonstop. The CEO that unalived himself was hanging out with top people in the tech industry, including the Zappos founder, and a few other people. So it was very easy to be thinking that I was so far behind them. Look at all these amazing connections that this person has, what now? If you are worried about the competition, you are wasting precious time. And my point is not about the competition with regards to real estate, but it's more on the comparison aspect of it, how we can easily think that this other person is so much further ahead than me, what am I doing wrong? There was this nurse guy that at least two people asked me to interview him this year. In the last four years, which is exactly the same amount of time that I have been doing real estate full time, he managed to be a "real estate mogul" worth $160 million.At the end of 2019 up until now that this person started from zero investments to being worth $160 million, to being now investigated for fraud. Before this fraud investigation came along, the thought did cross my mind, what am I doing wrong? I am far behind his numbers in the same four years. I did reach out to him twice asking him to come over the podcast and he never responded. I was really more curious on how did you go from zero to this much in just four years. This is fantastic. Fast forward to now, just two weeks ago, I get my daily real estate digest and it says that Matt Onofrio, this person that was previously a nurse and became a very successful real estate investor is now being investigated by the SEC for fraud. And I thought... nurse... that sounds so familiar. And it turned out that he was the person that everybody has been telling me about that had an amazing story. It turned out that it was not so amazing, after all. He is now facing federal bank fraud charges.--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

What is the state of commercial real estate? Who will be selling next year in 2023? Which asset class do we think will hurt the most next year? Deidre Wollard, a writer and editor at The Motley Fool will share her insights.You can read this entire episode here: bit.ly/3uxdx70What is the state of commercial real estate today?It is an interesting time. It has always an interesting time in real estate. Right now, I feel like everybody is waiting for something to happen, which is really interesting. We're certainly seeing that on the residential side, because the housing market is sort of on pause. And we are seeing that on the commercial side as well, interest rates are so high that people can't get access to capital the way they could. And there's that little uncertainty about what's next in the overall economic sector. Are we headed into a recession? Consumers are spending a lot right now, is that going to shift? All of that uncertainty is leading to a bit of a lack of deal flow from what I've seen.Which asset class do you think will be the one that is most hurt next year?I think it continues to be office, office has really struggled. We are also starting to see a little bit of a weakness in industrial. That has been happening ever since Amazon about three or four months ago made a statement about looking at their warehouse spacing, we have seen that sort of fall throughout the industry. So there's a little bit of a weakness starting to happen in industrial. Overall, it's nothing to worry about. But with office, the question I keep asking myself is, is this a permanent shift? And I think my viewpoint on that has changed throughout the cycle as different things just keep happening. Because the employers are starting to have more of the power, you're getting more and more employers demanding people to go back to the office. That is one reason that I'm getting a little bit optimistic about office.When you invest in your next deal, what asset class is more interesting to you right now and why?Multifamily is forever interesting, because we're never going to run out of need for it. And it's not as much driven by what happens with the economy. Rent prices right now are definitely stabilizing, the question though is where are we overbuilding and that's the thing that's really important to watch because we saw so much activity flow into the Sunbelt, both before the pandemic and during, and that's moderating a bit. You see some of these hot markets get a little different and you start to wonder, are we building too much in Austin, Texas, for example, and start to think about, where's the money going next? Where are the people going next? That I think that is the puzzle that is most interesting.I think hotels is an interesting one to follow. Because when we look at consumer behavior, everybody spent on goods during a portion of the pandemic, then everybody switched over to experiences, and that changed the forecast of hospitality. The longer term trend that I'm watching there that I think is really interesting, is what we saw with Airbnb and long term stays, they saw their 28 day and higher stays keep growing.They announced recently that they're now letting apartment renters rent on Airbnb, which is interesting. At the same time, you've got Marriott, that just announced Apartments by Bonvoy, which is basically, medium term rentals of more apartment style units. There's something happening there with medium term 30 to 90 days, stays, I think that's an area to keep an eye on.Deidre Wollard at The Motley Fooltwitter.com/deidre--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support

How to find what a property is zoned for in the city's website? What are some tips on working with the city to get your project approved? How to go about rezoning a parcel? Scott Krone, principal at Coda Design + Build and Coda Management Group is a developer with over 30 years of experience and shares his knowledge.Watch this interview here: bit.ly/3XJZg45Read this interview here: bit.ly/3ucrMhiLet's go over an entitlement example please.When someone brings us a property, the first thing that we do, and we're determining if we're going to move forward with it, is we look at what are the entitlements. Entitlements are a fancy word of saying, what is the zoning, what are you entitled to do on a property. A lot of people think that they have to go to someone in the city and get this information, when, in reality, it's already out there in public forum. As developers, we will always go and look to what it is, and then, we will trust, but verify. We will then go back to the city planners and say, this is what we saw, we want to make sure that we're in agreement. It's our way of trusting and verifying with the city official.I selected a location that we recently worked on in the City of Dayton, and I picked this one because there's a lot of different things here. There are tabs called residents, businesses, government. Typically, we go to government, because that's where the different departments are broken down. Here you see planning, neighborhood and development, public works, community communications, community development, boards, commissions and committees, these are all different ones. Public Works has sewers and water lines, planning, neighborhood and development, this is probably where the information is going to be under, because this is how they plan for things.We click on that one, and it comes up with the zoning coded map, it has an interactive zoning map, this one is really nice. Others might be on a PDF. We will click on that, and then, we put in the address, the property comes up, and we can click on show more results.To clarify a couple of things: 1) Every city website is going to be completely different, unfortunately, from one another 2) What we're looking at right now is either a property that you are looking at purchasing or expanding to make sure that it's zoned properly or could be rezoned, correct?We try not to rezone, but if we do, that’s a whole different process. Right now, we're trying to determine what it is that we are allowed to do. When we look at this one, 535 East Third Street, it's bouncing back and forth between these two, I’m not sure why. I’m going to zoom in to see the streets, because then that way I’ll know where we are. We are now under the UBD District, but UBD means nothing to me, I have no idea what that is, they've come up with this general term. It might be unified business district, it might be, etc. But that is what we're going to be looking for when we do it. If you look under this category, there's a PD 108, this is a planned development, and that was 108th planned development HD 2. These are all different districts that are zoned, if we zoom back out, you can see the different zoning sections, they all have different colors to make it interesting. I2 is typically industrial, a second version of industrial. There's a CBD, which might be the commercial business district as opposed to unified business district. So those are all the things that we look for in terms of the breakdown.Scott Kroneinfo@codamg.com--- Support this podcast: https://podcasters.spotify.com/pod/show/best-commercial-retail-real-estate-investing-advice-ever/support