#416 FBF: The Secrets to Becoming a Value-Add Commercial Real Estate Investor from a Veteran with More Than $4 Billion of Transactions Under His Belt - with Bill Shopoff

Today's Flash Back Friday Episode is from Episode #131 that originally aired in December of 2016. Bill's experience spans more than 35 years and includes the acquisition, development, and/or sale of more than $4 billion of real estate and real estate-related investments, including 50,000 units of multi-family, 1.5 million square feet of retail, and 5 million square feet of office and industrial properties.

I think it's safe to say that Bill has been there and done that and I'm positive that you'll gain a ton of knowledge from our time spent together.

Here's What You'll Learn:

• How he got his start in the brokerage side of the business before transitioning into land development.
• Why Bill feels being a broad-based value-add opportunistic investor versus an asset specific investor has been a big part of his overall success.
• Details on a recent $48.5 million dollar retail power center acquisition in Reno, NV, and his plans to take the center from 71% occupancy to 93%+ within the first year. In fact, hear the details on how his team was able to secure a good amount of LOI's on the vacant space before even closing on the property.
• The reasons behind his companies short-term hold strategy and why he focuses on an average of a 3-year hold versus long-term cash flow plays.
• The challenges that he feels the retail sector is facing in the future and how his firm is adapting to these market shifts.
• What his crystal ball is telling him about the real estate recovery and what his company is doing to prepare for any coming shifts.
• Why he is a firm believer in the old adage "you make your money on the buy"
• Why he suggests that every real estate investor reads "margin of safety" by Seth Klarman but I will warn you, the book is no longer in print and a used copy will run you $800 on amazon.
• Why reputation and integrity are everything in this business and why he feels that these two items should be first and foremost when building your business.
• And much more

Recommended Resources:

• Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
• Download my free success guide, "7 habits of highly successful multi-family investors" by going to KevinBupp.com/guide
• Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
• Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let's talk. Click here https://www.timetrade.com/book/KT36S