Commercial real estate is a powerful way to build and sustain wealth – yet is often feared or misunderstood by real estate investors. Luckily, on today’s podcast, we are excited to have a man who’s professional life is dedicated to teaching investors the ins and outs of commercial real estate investing, Frank Gallinelli. Frank is a best selling author, business owner, and real estate professor who definitely knows his stuff.
This interview contains some powerful key metrics, data, and tools you’ll need if you ever plan on investing in anything more than a single family home. This interview, like all of our BiggerPockets Podcasts, is full of real-world, actionable content without all the hype.
Read the Transcript
Transcript of BiggerPockets Podcast Episode 4 with Frank Gallinelli
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In This Week’s Podcast We’ll Explore:
- Why investors shouldn’t necessarily start with residential.
- When “Location, Location, Location” isn’t the most important.
- How to use “cap rates” with commercial properties.
- What a Triple Net Lease is and why it matters.
- How to use partners to finance investment properties.
- Lowering your tax assessment by challenging an assessor.
- Why chasing the “hot market” isn’t the way to build wealth.
- Why every commercial property is for sale
Links from the Show
- RealData.com
- Frank’s LinkedIn Account
- Frank’s BiggerPockets Profile
- RealData.com BiggerPockets Company Profile
- BiggerPockets Summit
Definitions:
Tweetable Topics
- “When choosing your real estate path, there’s not a “right” answer – but a “best answer” for each person” Tweet This!
- “You don’t buy an income property cause it’s pretty; you buy it because it makes money.” Tweet This!
- “There are no absolutes in anything – especially real estate.” Tweet This!
- “As a real estate investor, become an expert in your local area.” Tweet This!
- “Know the vocabulary of your business.” Tweet This!
- “There is no substitute for Due Diligence.” Tweet This!
Books Mentioned in the Podcast
- The Big Short: Inside the Doomsday Machine by Michael Lewis
- Mastering Real Estate Investment: Examples, Metrics And Case Studies by Frank Gallinelli
- What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures by Frank Gallinelli
- Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal by Frank Gallinelli
- 10 Commandments for Real Estate Investors by Frank Gallinelli – Download It Free!
About Frank
Frank Gallinelli is a best selling author and the President of RealData Inc, a software firm serving real estate investors and developers since 1982. Frank’s company is designed to help income-property investors analyze investment properties, structure partnerships, and produce presentations to buyers, sellers, lenders and equity partners.
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13 Comments
Hey all – Unfortunately we needed to repost this article, so we lost all the comments. Sorry to everyone who posted something. We had to test reposting because the podcast was not appearing on iTunes . . . hopefully that changes soon…
Do you offer your class course work virtually ?
Anyway learn what your teachering your students via virtual ? ( basically )
Beside your books ,, fyi
Sorry that I’m a couple of years late answering your question, but I Just discovered this comments section today. Really
I did recently release a pretty comprehensive online video course (about 34 sessions, and growing) that covers a lot of what I teach my grad students. Find it at learn.realdata.com
Best,
Frank
This was actually the first podcast I listened to on Bigger Pockets. I just listened to it again for the second time. Commercial real estate investing sounds exciting and really profitable but would you recommend it for a newbie who is starting out with very little capital? Great show guys.
Terry
Anyone can do anything. Whether or not they can handle the implications of what they choose to do on a daily basis is what makes the difference.
Some commercial RE is just as small or even smaller than renting a single family home. It could be easier or more difficult. But stick to single family and multifamily until you build serious experience if you are just getting started, and study study study.
Enjoyed this podcast. My day job is as a commercial real estate appraiser, I’m also an aspring commercial investor. So, I am always curious to learn about commercial real estate investing from the investor’s perspective. I thought Frank’s comments / advice were pragmatic especially for someone who has little-to-no knowledge of the commercial side of RE investing. I would love to hear more on the subject of commercial real estate in future podcasts, particularly on the topic of conventional financing of commercial real estate deals. Thanks Bigger Pockets for some great podcasts, and thank you Frank for contributing. Keep up the good work gentlemen!
This was a really great podcast, but definitely one I will need to listen to again once I have more knowledge of real estate investing.
@Frank Gallinelli
I bought your book – What Every Real Estate Investor Needs to Know About Cash Flow… And 36 Other Key Financial Measures – and it’s been great so far. Just starting to tackle IRR.
One question – the Excel sheets you offer on your website aren’t working – I can’t type in numbers. (I’m using Chrome). And when I download, they won’t open.
Any suggestions?
Actually, I just tried downloading with Safari and now it works.
Problem solved.
Thanks!
Great podcast. Even though I’m a couple of years behind listening to the original podcast recording, the information given in this podcast is great to have in your REI bank of knowledge.
Hi Frank, I just listened to this podcast it was incredibly informative. My husband and I are gearing up to turn our accidental landlording into something more intentional. I really appreciated your insight. Best wishes to you!
Sincerely,
Loretta
Great podcast! I always want to learn more, but I’m reminded that I’ve got to get the terminology down so I can speak intelligently about real estate. I’m not sure if I’ll go the commercial route yet, but it’s always good to learn, learn, learn. Thanks again for your contribution!
Once again another great podcast. Learning the Real Estate Terminology was key for me. Thanks again for your wisdom, knowledge and expertise!