Dont Lose Money when You Buy Real Estate with Brian Hennessey

Published: April 30, 2019, 7 a.m.

To do the best due diligence, you must have a system in place and not reinvent the wheel at every turn. Be on your A game by differentiating yourself from the rest of the crowd.This is a key to success.\nAs passive investors, Brian highlights the need to \u201cknow what you don\u2019t know\u201d before it is too late. Brian is a broker in the commercial real estate industry for over 30 years, he is also a Senior Vice President of Acquisitions and Dispositions and ran his own real estate syndication/asset management company.\nHe has represented a number of Fortune 500 Tenants including Bank of America, The Walt Disney Company and Baxter Healthcare. Find out more on how to be the best version of a passive investor.\nDue Diligence Handbook for Commercial Real Estate is available HERE:\nGET the Add Value Handbook for Commercial Real Estate HERE:\xa0\nGrab this opportunity of learning from these 16 modules on how to do deep-dive due diligence when buying property. With action items, forms and sample proposals included. Everything you need to get you started on commercial real estate investing.\nEnter promo code: PW25 to get a 25% Discount Get the Due Diligence Video Course: https://courses.impactcoachingsystems.com/\nConnect with Brian:\nbrian@impactcoachingsystems.com\nPhone: 818-371-0311\nBrian\u2019s Best Investment\nThe hotel deal was one of my best deals because I learned a lot about my business. I learned about my employees and resilience. It is one of my favorite best ones.\nBrian\u2019s Worst Investment\nIn 2007 I started a syndication company in Houston and bought five office buildings that were value-add opportunities. It was one of those portfolios that as soon as I saw it, I said this is one of the best texamples of value-add investments. The leasing there was going strong and then we fixed up and leased up the properties just about the time when the crisis has come to lose attention. We got an offer, they wanted to buy the whole portfolio and could have doubled our money but they could not get a loan. So we had to cancel the sale. Investor pulled out and Hurricane Mike hit us. Our loan got bought at subpar and they made it very difficult for me to extend the loan out.\nBrian\u2019s Most important investing lesson:\nYou learn a lot more from failures than from your successes.\xa0\nLove the show?\xa0Subscribe, rate, review, and share!\nHere\u2019s How \xbb\nJoin the Passive Wealth Strategies community today:\npassivewealthstrategy.com\nOur site page here: https://www.passivewealthstrategy.com/episode-4/