Commercial real estate can be an intimidating industry. It's packed with jargon and hard-to-understand concepts, even for seasoned experts.
That's why it's important to get mentored by someone who has been in the business and understands what they're talking about.
Mentorship is one of the most neglected and underutilized tools in a commercial real estate professional's arsenal. It's also one of the most essential components for ensuring success.
Mentorship provides real estate investors with all of the essential skills, knowledge, and relationship building secrets to start networking and thrive in a dynamic world with ever-changing circumstances.
Whether you're an experienced investor or a newbie to the world of commercial real estate, it's always helpful to have a mentor to help you make an informed decision. Someone who can guide you through the murky waters of this competitive industry, offer valuable insights, and a step by step blueprint to help you succeed.
If you're looking for an unbiased review, then keep reading. I'll share my own personal journey as I get mentored by the Contrarian Academy with Manny Khoshbin - and continuously update this blog as my path progresses.
Importance of Goal Setting and Mentorship
Everyone knows that the way to success is through hard work and dedication. However, what often goes overlooked is the importance of goal setting and a great mentor. Without a goal to work towards, it can be easy to lose motivation and give up.
Think of it this way - if you want to lose weight, you need to set a goal weight. This gives you something to work towards and track your progress. The same goes for financial success. Without a goal, it's easy to become complacent and stay in your comfort zone.
A mentor can help hold you accountable to your goals and push you to become the best version of yourself. They can provide invaluable guidance, support, and resources to help you achieve success.
What is Commercial Real Estate?
Commercial real estate refers to any type of property that is used for business purposes. This includes retail buildings, office buildings, medical buildings, and any other type of commercial property. Retail businesses need space to sell their products, and office buildings provide space for businesses to conduct their operations.
Medical buildings are essential for providing healthcare services, and they often house many different businesses.
Commercial real estate businesses are critical for the functioning of the economy, and it plays a vital role in the development of communities. In order to be successful in the commercial real estate investing industry, it is important to have a deep understanding of the market and the various types of properties available.
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What are the differences between commercial real estate and residential real estate?
When most people think of real estate, they think of either buying or selling a home. However, there is is actually a big difference between commercial and residential real estate. A commercial real estate asset generally refers to commercial properties that are used for business purposes, such as office buildings, retail space, medical, warehouses and more.
Office buildings are typically used for business operations and include space for cubicles, conference rooms, and private offices. Industrial buildings include factories, warehouses, and other structures used for production and manufacturing. Retail buildings are designed for businesses that sell goods or services to the public, such as grocery stores or department stores. Multi-family properties are residential buildings that contain two or more units, such as apartments or townhomes.
In contrast, residential real estate consists of residential properties and other properties that are used for living purposes. As you can imagine, the two types of real estate can be quite different in terms of value, zoning regulations, and tax implications. Finally, financing for commercial real estate investing is often more complex than for residential property. This is because lenders view commercial real estate as a greater risk, due to the potential for vacancy and the fact that businesses can go out of business.
Commercial real estate is largely an investment, therefore, most commercial properties are not always occupied by the owner. The owners of the property may lease it to other businesses, or they may sell it outright. The value of commercial real estate is based on many factors, such as the location, the type of property, and the current market conditions.
Residential real estate, on the other hand, is usually owner-occupied. The value of a residential properties are typically based on the number of bedrooms, bathrooms, and other amenities. The location is also a major factor, as properties in desirable neighborhoods tend to be more valuable.
When it comes to zoning regulations, commercial real estate is typically subject to more restrictions than residential property. This is because businesses can have a greater impact on the surrounding community, in terms of noise, traffic, and pollution. As a result, zoning regulations for commercial real estate are usually more stringent than for residential property.
When deciding whether to purchase commercial real estate, potential investors must consider the location, type of property, and potential return on investment. With careful planning and research, commercial real estate investments can be a profitable addition to any portfolio.
Commercial Real Estate for Business owners occupying the building
Business owners often face a difficult decision when it comes to the commercial properties they use to conduct business: buy or lease?
There are pros and cons to both options, but for some businesses, purchasing the building can be the best way to go. When you buy a commercial property, you'll have complete control over the space and can make any changes or renovations that you see fit. You'll also build equity in the property over time, which can be a major asset for your business.
And if you ever decide to sell the property, you could potentially pocket a large profit. Finally, owning commercial real estate can offer tax benefits, as business owners may be able to deduct mortgage interest and depreciation on their taxes. Overall, there are many advantages to owning commercial real estate for businesses.
There are also some downsides to owning and purchasing commercial real estate, such as the upfront cost and the responsibility for maintenance and repairs. Moreover, in most cases, a minimum of 25% downpayment is required by regular commercial lenders. This can make it difficult for businesses to buy their own building. However, businesses that purchase a commercial building as owner occupied can get an SBA loan, provided they occupy a minimum of 50% of the building. With an SBA loan, you would just need a 10% downpayment.
These are just some of the strategies that is taught in the Contrarian Academy. The program is designed to teach people how to find, finance, and manage commercial real estate investments.
However, before making a decision, it's important to carefully weigh the pros and cons of purchasing commercial real estate for your business. And if you do decide to buy, be sure to consult with an experienced broker or a real estate investing mentor who can help you find the ideal property.
The Contrarian Academy offers a variety of resources, including video lessons, webinars, and a private forum for members.
Commercial Real Estate for Investors
Commercial real estate can be a great investment for those looking to generate rental income or take advantage of depreciation benefits. Unlike residential property, a commercial property can generate higher cash flow and offer more tax benefits. Additionally, commercial real estate is typically leased for a longer term than residential property, which can provide a steadier stream of income.
And because commercial property is used for business purposes, investors can take advantage of depreciation deductions to reduce their taxable income. For all these reasons, commercial real estate can be an attractive investment option for those looking to diversify their portfolio. And with the right property, you can see a significant return on your investment.
When searching for commercial real estate, it's important to keep in mind the purpose of the investment. Are you looking for an income-producing property that solely generates high cash flow or a value add property which can be re-purposed, improved and sold for a profit.
Of course, there are also some risks associated with commercial real estate investing. For one, the vacancy rate for commercial property is usually higher than for residential property. This means there's a greater chance that you could end up with a property that's difficult to lease. And if the market conditions change, it could be more difficult to sell the property.
Before getting serious about commercial real estate, be sure to do your homework and understand the risks involved and take counsel from a real estate investing mentor. With the right education and real estate mentor, commercial real estate can be a great way to build wealth.
What is commercial real estate mentorship and how does it work?
If you're interested in commercial real estate, you may have heard of commercial real estate mentorship. But what is a real estate mentor and how does it work?
A commercial real estate mentor is someone who is experienced in the industry and agrees to help guide and advise a less experienced person. The mentor-mentee relationship can take many different forms, but typically the mentor provides guidance and advice on projects, deals, and one on one mentorship. In some cases, the mentor may also provide access to their network of contacts.
If you want to learn commercial real estate, working with a mentor can be an excellent way to get started. A mentor can help you learn the ropes, avoid common mistakes, and gain valuable insights into the industry. Mentorship can also be a great way to build your network and make connections that can help further your career.
If you're interested in finding a mentor, there are a few different ways to go about it. You can reach out to someone you know who works in commercial real estate and ask if they are willing to be your commercial real estate investing mentor. You can also join industry organizations or attend events where you can connect with experienced professionals.
Who is Manny Khoshbin?
Manny Khoshbin is a self-made real estate investor who overcame humble beginnings to become one of the most successful commercial real estate investors in the United States. He is the founder and CEO of Manny Khoshbin Company.
Manny was born in Iran and was forced to flee his country with his family when it went to war. Manny moved to California at the age of 14 to seek a brighter future in America. He emigrated to America with his family in the early 80's. They settled in California, where Manny worked various odd jobs before starting his own business.
Manny had a hard time at first. He didn't know English. He didn't know the culture. He had to start from scratch. He performed a variety of odd jobs, including working at a Santa Ana Kmart, where he would pick up shopping carts and mop the floors.
Manny is best known for his work in the commercial real estate industry, where he has built a portfolio of over two thousand properties worth billions of dollars. Manny is also a strong advocate for mentorship and giving back to the community. He is also the author of the bestselling book "Contrarian Playbook."
In addition to his business endeavors, Manny is a mentor and philanthropist. He has mentored young entrepreneurs and donated to various charities. Manny's story is an inspiring one of rags to riches. Today, he is one of the most successful businessmen in America. Manny's story proves that anyone can achieve their American dream.
How did Manny Khoshbin acquire knowledge in the real estate industry?
Manny Khoshbin is a commercial real estate investor who has achieved success through hard work and determination. However, he didn't start out knowing everything there is to know about the industry. In fact, when he first started out, he had very little knowledge about commercial real estate. That's why he sought out the advice of a mentor. He found someone who was willing to share their knowledge and experience with him, and he was able to learn from their mistakes as well as their successes. Over time, he developed a strong understanding of the industry and was able to apply that knowledge to his own investments. Today, he is a successful commercial real estate investor thanks in part to the mentorship he received early on, he is willing to pay it forward.
He has created a program called the Contrarian Academy and has decided to offer his own mentorship to others who are interested in commercial real estate investing.
What are some of the things a mentor can teach you about when it comes to commercial real estate?
Manny Khoshbin's story is one that proves that anyone can achieve success in the commercial real estate industry with hard work, goal setting, the right attitude and of course a great mentor. A mentor can teach you the ins and outs of the industry, help you avoid common mistakes, and give you valuable insights that can help you succeed.
Mentorship is an important part of any industry, but it can be especially beneficial in commercial real estate. This is because the industry is complex and there is a lot to learn. A mentor can help simplify things and give you the guidance you need to succeed.
There is a lot to learn about commercial real estate, and a mentor can be a great resource for learning about the industry. They can teach you the basics of investing, help you understand the market, and give you insights into the different types of properties that are available.
What is the Contrarian Academy?
The Contrarian Academy is a commercial real estate mentorship program founded by Manny Khoshbin. The Academy provides its members with access to Manny's network of industry experts, as well as his own wealth of knowledge and experience. Through the Academy, members can gain an understanding of the commercial real estate market, learn how to find and finance investment properties, and receive ongoing support from staff. It provides a valuable resource for anyone who is looking to get started in the business. With its focus on helping its members succeed, the Contrarian Academy is quickly becoming one of the most respected names in commercial real estate.
Will the Contrarian Academy help me as a commercial real estate investor?
Real estate investing can be a great way to build wealth, but it requires knowledge and experience to be successful. That's where the Contrarian Academy can come into play. The academy offers coaching and educational courses for commercial real estate investing, taught by successful investor Manny Khoshbin.
Khoshbin is a contrarian investor, which means he looks for opportunities that others have overlooked. That approach has helped him achieve success in the industry, and he now shares his knowledge with students at the Contrarian Academy. Through its courses, the academy can help commercial real estate investors avoid mistakes, and learn the skills they need to be successful. In addition, the academy offers mentorship and support, giving seekers access to a network of experienced professionals. As a result, the Contrarian Academy is a great resource for anyone interested in commercial real estate investing.
Will I get access to a member portal and other resources?
Yes, as a member of The Contrarian Academy you will have access to all resources which include:
-The members portal where you can view all of the courses, network with other members, and get support from staff.
-The course catalog which includes over 100 hours of commercial real estate investing education.
-The Orientation section where you are provided Goals / Vision Board and other helpful resources
-Co-Investment Opportunity where you can co-invest with Manny on a Commercial Property
-The Modules section where you can find lenders, worksheets, negotiation training, and many other useful information.
-The Resources section which includes templates, checklists, and other valuable tools.
-And much more!
Would I recommend the Contrarian Academy?
Yes, I would highly recommend the Contrarian Academy / Contrarian Society to anyone interested in learning more about Commercial Real Estate. The Academy provides access to Manny Khoshbin's network of experts, as well as his vast storehouse of knowledge and expertise. Members can learn about the commercial real estate market, discover how to locate and finance investment properties, and receive ongoing assistance from staff through the Academy. It's a fantastic resource for anybody wanting to learn from an expert.
I met Manny in person on June 25th 2022 at the Mastermind Event and was taken back by his genuine kindness. Furthermore, Manny Khoshbin is a gentle soul. He is the type of person who genuinely wants people to succeed.
Unlike others on the internet, Manny doesn't try to sell you on some "get-rich-quick" scheme. Rather, he provides value by teaching you how to be a successful commercial real estate investor.
The same applies for the Contrarian academy staff. They are all kind, helpful, and want to see you succeed.
One of their staff members, Logan sat at the same table as me during lunch. He was polite, engaging in conversation, and truly wanted to get to know me.
Another staff member, Ivan took me on a tour of the new building. We walked up the unfinished stairs to the second floor. He pointed out where Manny planned to keep his car collection.
"It's still under construction, but it will be beautiful," Ivan said with a smile.
I couldn't help but feel touched by his gesture. It was so kind of him to show me around and give me a glimpse of what was to come.
I could tell that the Contrarian Academy is a special place because of the people who are involved. I highly recommend you check it out for yourself.
The bottom line is that the Contrarian Academy is a great source for anyone who is looking for an edge in the industry.
If you are interested in learning more or would like to join the Contrarian Academy, please reach out to the contrarian academy staff.
You can reach out to Ramsey, Hosh, or Ivan and mention to them Khalid Saleh referred you and they can provide you exclusive access to the program. You can also visit https://www.contrarianacademy.com/
