Commercial Real Estate

Interview with Commercial Real Estate Investor, Joel Owens on Multifamily & Retail Investments

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
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Joel OwensJoel Owens is a commercial real estate investor, CRE broker, and a long time BiggerPockets member.

In our interview with Joel (34:59 minutes), we discuss land development for commercial projects, owner financing multi-families, how to get started in commercial, triple net lease deals, wealth creation vs. wealth preservation, how to look out for retail deals that result in lower rents due to terminating leases, and using commercial hard money lenders so you can repair your properties, raise rents, and leverage your cash.

You can learn more about Joel via his Company’s site, All World Realty at GACommercialBroker.com

Be sure to read and watch dozens of other real estate interviews from BiggerPockets today!

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Jon Klaus
    Replied about 8 years ago
    Joel, your contributions on CRE to BP are just great. Great job on negotiating the financing on your apartments.
    Monica Blair
    Replied about 8 years ago
    This was a good interview. I am migrating into commercial real estate myself. Listening to this interview reinforced what I am learning and observing. Thanks for sharing. I am curious. Whats your take on mobile home parks and storage units. From what I am learning they are fairly stable products to consider. I am curious what your thoughts are.
    Joel Owens
    Replied about 8 years ago
    Thanks Jon. I am looking to buy some more in the same complex and will see what happens. Monica Mobile home parks are pretty much dead here in Georgia.My mom’s friends own about 40 trailers and have been in the business for 30 years. The counties and cities here don’t want them because of complaints from surrounding subdvisions,transients at the parks,and the trailers have a low tax value so they don’t bring in much revenue for the county or city and are an eyesore. The parks we have here are grandfathered in and no new ones are being built. Self storage can be a great money maker.Many retirees are downsizing and need a place to store their stuff.Climatized self storage with security is where it’s at. I am not saying you can’t make money off of mobile homes it’s just that it is a dying investment asset class here.Now if you find an old trailer park you can buy on a main road then that will be good cash flow until you sell for redevelopment.
    Joel Owens
    Replied about 8 years ago
    Thanks Jon. I am looking to buy some more in the same complex and will see what happens. Monica Mobile home parks are pretty much dead here in Georgia.My mom’s friends own about 40 trailers and have been in the business for 30 years. The counties and cities here don’t want them because of complaints from surrounding subdvisions,transients at the parks,and the trailers have a low tax value so they don’t bring in much revenue for the county or city and are an eyesore. The parks we have here are grandfathered in and no new ones are being built. Self storage can be a great money maker.Many retirees are downsizing and need a place to store their stuff.Climatized self storage with security is where it’s at. I am not saying you can’t make money off of mobile homes it’s just that it is a dying investment asset class here.Now if you find an old trailer park you can buy on a main road then that will be good cash flow until you sell for redevelopment.
    Mark Updegraff
    Replied almost 8 years ago
    Thanks Joel! Excellent hearing from you! Josh, loose the shirt or get your white bum to the beach! This was an exceptional video! I’m going to watch it more than once, guaranteed!