Here to Satisfy the Licorice Tooth
Posted on 22. Feb, 2011 by Brandon in General
photo credit: midnight-digital
The licorice tooth of any Commercial Real Estate agent is the first big commission. It’s the reason many of us are here, and it’s what we’ve termed in the business, the $300,000 carrot.
So what if the fantastic reward of an 8-digit transaction takes years (or more) to materialize? I’ve seen agent after agent falter and skip town when that carrot just seems too far underground.
Commercial Real Estate is competitive, so how do you know if you’re in the right place?
When we started REsheets, we were lucky enough to be well connected in the Los Angeles commercial real estate community. We took a risk, no different than a junior agent, and much of our early business relied on the working relationships we’d acquired over the years.
It’s easy, Make $702.85 by Reading this Post!
Posted on 16. Feb, 2011 by Perry in Excel, Uncategorized
Photo Credit: Gnerk
As we’ve explored in previous posts, Leverage can be a powerful tool to magnify returns, but as a mentor of mine always says: never let financing drive value in a deal. In commercial real estate analysis, it’s important to analyze the impact of financing, and a widely available tool, Excel, can help you do this.
The purpose of this Blog is to teach you the application within Excel. We strongly suggest that before you continue reading, download the sample spreadsheet by clicking here. It includes practical application, examples, and a prove-you-know-it section. Did I mention you should download the sample spreadsheet before continuing?
Pay It Forward: Get Your FREE Custom Excel Package
Posted on 14. Feb, 2011 by Perry in General
Photo Credit: mypixelheart
We were recently so impressed by the exchange between an attorney and ourselves, we’ve decided to Pay It Forward as well.
In connection to a few big projects in the coming months, our little startup was required to seek legal advice regarding partnership agreements. After an initial conversation, we were offered the legal work at no charge (Thanks Mark!).
So it’s our turn!
We’d like to offer (5) hours of Custom Excel Design at no charge, and 5 hours equals a lot. 5 hours is a fully customizable database, or a unique/reportable/functioning analysis report, or more often than not, enough time to systemize a process you spend far too much time suffering through on your outdated spreadsheet.
We only ask that you sign up for our blog feed (which includes a FREE 1031, fully useful, exchange analysis), tell us what you’re looking for, and we’ll choose (1) person at random to Pay it Forward.
So sign up for our feed and head over to our contact page and shoot us some basic info about what you need. Our winner will be randomly selected by Feb. 21st.
So it’s time to ask for what you really want, something to make your life easier, something to promote your business; we’re here to Pay It Forward.
We’ve built some great spreadsheets, ranging from:
Database Management, Project Management, Various Cash Flow Models, and Advertising Schedules.
See Examples of our Custom Work
Join us by subscribing for free email updates and follow us on Twitter.
How to Spot 4 Commercial Real Estate Billionaires: Vision (A 4-part Series)
Posted on 09. Feb, 2011 by Brandon in 4 Billionaires, General
Photo Credit: Pelican Hill
Of Forbes 100 Richest People in America, we spotted six commercial real estate tycoons, and rich means billions. So what do we know about a Commercial Real Estate Billionaire?
When the first Commercial Real Estate Billionaire rounds out his wealth at $12B and lives openly in Newport Beach, he’s likely easy to spot. Heck, if you live in Orange County, there’s a decent chance he built your home. Following on the wealth-heels of Bill Gates , Warren Buffett, the Walmart Heirs, Bloomberg, and the Google Founders (to name a few), the 21st Richest Person in America is Real Estate Developer Donald Bren.
And yes, he’s had some publicity. As the Los Angeles Times put it, “Billionaire Donald L. Bren might have lost some privacy, but he won’t be losing any more of his fortune.” It’s an astonishing consistency apparent in the research of Real Estate Billionaires, they cherish privacy.
So it was unusual that nearly six months ago a verdict was reached concerning a lawsuit brought against Donald Bren by his two adult children. (more…)
The Commercial Real Estate Twitter Manifesto
Posted on 07. Feb, 2011 by Perry in General
For some it’s a hot shower, for others it’s a morning jog, for me it’s egg whites, veggies, and a healthy portion of salsa. A routine’s my mechanism to start the day productive, happy, and successful. But lately there’s been a kink in my routine; I’ve been interrupted with something that once was a treat and is now a chore: Twitter.
I used to love it: friends, ReTweets, followers, potential clients, the #CRE community, and last (but not least), the tea-friendly #crejavaclub.
This morning, as I was picking through the last hours’ worth of tweets, searching for those few stories I felt REsheets followers might enjoy, I realized something: (more…)
The 3 Rules of Statistics (Starting with the Super Bowl)
Posted on 03. Feb, 2011 by Brandon in General
Photo Credit: Paul Grand
If you’ve bought into any of the recent Super Bowl hype, you’re aware an unlikely competitor-for-attention has been making headlines: Commercial Real Estate.
Roger Staubach, hall of fame quarterback, real estate tycoon, and presenter of this year’s Lombardi Trophy is now famously quoted, “You can mark my word: the Packers will prevail.”
And it’s all based on a deterministic statistical analysis of office-building vacancy rates! Nearly two thirds of the time, NFL teams based in cities with the highest percentage of empty office space have won the Super Bowl.
If you’re thinking, wait, something’s fishy, first take a look at some headlines by major news periodicals:
The Wall Street Journal: Super Bowl Winners Born of Hard Work, Office Vacancy
Star-Telegram: Maybe it evens out at Super Bowl: Picking winner by looking for loser
Bizmology: Super Bowl winner predicted by analyzing commercial real estate vacancy rates
Are you any more convinced?
Staubach goes on to say, “I have nothing but the utmost respect and admiration for the Steelers and the city of Pittsburgh, but the numbers don’t lie. The Lombardi Trophy is going back to Title Town USA.”
But the numbers do lie, maybe not in their analysis, but certainly in their conclusion. (more…)