It has finally been decided. In the eyes of bidders at BPCon’s 2021 Coaching Call Auction, David Greene is worth more than Brandon Turner. Yes, that’s right, our beloved host who can turn any jiu-jitsu metaphor into a real estate lesson got the highest bid! The bidder? Long-time investor and rookie to commercial investing, Carla Holmes from Yellow Square Properties.
Carla has been cautious with her real estate investing and never took on debt after she went through foreclosure during The Great Recession. Now, she sits on over a million dollars in equity, spread across multiple properties in the Carolinas. Her recent acquisition is a 4.5-acre commercial property that she’ll convert into a parking lot for big rigs in her area.
Since this is a brand new real estate class she’s entering into, Carla wants to be absolutely sure she’s crossing all her t’s and dotting her i’s. David walks her through a live analysis going over the hurdles, work, expenses, and income that this property will bring in. He also helps Carla debate whether selling, refinancing, or keeping her current properties is best based on her one-year financial independence goal.
David:
This is the BiggerPockets Podcast show 535.
Carla:
I just want to know from you, David, am I on the right track? Am I crazy for doing this? What are other things I should be thinking through that might be a better use for the land or something? Just wanting touch base with somebody. I don’t have a partner and I’ve just ultimately researched this and I’m going it alone.
David:
What’s going on, everyone? This is David Greene, your host of the BiggerPockets Podcast, where we teach you how to build wealth through real estate by bringing on top performers, expert investors, and just plain regular people who have been successful. And we lay out the tactics and mindset that you can emulate to find financial freedom if you make sure that you take consistent, smart action. Today’s show is going to be a little…