Strip malls Flipping - BRRRR - Best Mentor/Guru to learn from ?

[Shaz Sheikh]

Strip malls Flipping - BRRRR - Best Mentor/Guru to learn from ? or the best way to learn this niche.

[Joel Owens]

Hi Ron,

No retail meltdown. In my area about 4% vacancy levels. Cold belt states that have weak suburban  to rural those buildings when empty can sit for years but has little to do with retail and more to do with those towns have had declining population and income metrics for years to decades. Very rare for retailers to want to expand in those markets when more fruitful areas are abundant.

Except for isolated pockets in cold belt states the more robust growth is in warm belt states boosted by the migration patterns from baby boomers.

Vitamin shop is not an experiential tenant. I knew they were going out years ago. I focus on internet resistant tenants (gyms, karate schools, restaurants, nail salon, barber shop or hair salon, off site dry cleaners, doctors office,etc).

Online sales makes up only a fraction of all retail sales. People are not going to sit in their house 7 days a week a have constant crap shipped to their door. Humans are interactive and do not live that way at least a majority of the population does not. They want to get out and have experiences.

Retail does not worry me in the least in fact I am super bullish on it but I review about 1,000 properties a week. Probably more but I stopped counting. I like the space very much but with anything if you are not well versed in it you can lose money.

I do not do the course or mentor type thing. I do have clients that purchase through me where they learn along the way.

Selling a 5 or 10k course has no interest to me. The person takes up a ton of time and little return. If I have a client buying a 6,000,0000 retail center and I make six figures in commission and then they buy another the following year I get a great return on my time invested.