All Forum Posts by: Michael K Gallagher

Thanks for sharing @Jaycee Greene a good reminder for sure, and oftentimes the "value" in those investments is not quantifiable.

I'm not familiar with the area, but I've done some land acquisition in NC and for the most part it is a very competitive development landscape for commercial developers.  We are constantly running into competitors when we are cold calling land owners.  

I say that to say, if you can look at it through a commercial re development lense that to me is the play for long term wealth along a busy street like that.  the devil is obviously in the details, but if that's your biggest issue currently I'd turn around and make it a big strength if possible.

Fantastic reminder @Jorge Abreu thanks for the writeup and viewpoint.  I need to get something going in the project management software front asap, so this is well timed.

@Sanjeev Sharma welcome to the forums and it sounds like you will have some great information and value to add here, I'm excited to follow you and learn more.  

very intrigued by commercial condos...I don't do much in that asset class, tell us some more about what got you into it and what you have going on!

@Lily W. I would do similar due diligence on the operator and any other sites they may have, personally I may also go secret shop those centers to understand if they are actually doing CBD or just marketing that and actually running a "trap shop" under the blanket of CBD or "THCA", while you likely won't have much issue legally given its Cali, but I've seen many of these shops pop up in my market since legalization and the farm bill, and I'd just want to know if I was getting that as cliental or like actually a CBD wellness yoga type place.

@James McGovern I do a large amount of buyer representation and i like some here have mentioned have some flexibility in my agreements, but mostly based around a min fee.  its either a %, or a flat min fee whatever is more and it generally depends on the transaction size we are dealing with. 

similar to roberts point, if you are going to do it remotely its worth the money to travel to the market and be able to feel the areas that you are considering.  That will likely up your confidence level when it comes to making decisions.  

@Jonah B. it would be customary and appropriate to do a move in/move out condition inspection, and to have any specifics like house rules, quite hours, parking arrangements etc all down in writing and they can be exhibits to the lease or have it in a lease addendum.  I think there are both in the BP downloadable packet if You are going that way.

@Desiny Smith welcome to the forums! I love the "what would you go back and change" question becuase of course everything we go through has purpose to who we are now, but in general when i reflect back on what I could change or tweak it would be that I woudl trust less in the "system" of getting a good engineering job, and relying on promotions etc to make income jumps,  I did a lot of free work as a salaried engineer, and made the companies I worked for huges sums of money on an annual basis from cost savings, and I never saw a lick of that. That's fine that's how it goes, but had i realized what was happening sooner, I'd have spent those earlier years like some of my peers in a tech sales roll with scaleable income.  

Don't get me wrong there a ton's of other little things, but being able to go back to 2012-2013 and start pulling in $150K + a year as a fresh grad with little expenses would have substantially altered the trajectory of my life, but then again, who knows if I every would have found these forums...

other than that most of my regrets are centered around not figuring out "myself" and how I work and interact with people sooner.  that's what has really unlocked the next level of things for me in recent years.  Time spent working on you is most often the most valuable time you can spend.

Huge Congrats!  To have followed even a little of your journey and the companies journey has been a huge privilege and joy to be a part of.