333: A Guide to Getting Started in Commercial Real Estate (+ Laundromats?!) With Ken Wimberly | Bigger Pockets Podcast

Commercial real estate like you’ve never heard it before! 
On today’s episode, Brandon and David sit down with Ken Wimberly, the owner of a Keller Williams commercial brokerage and a commercial investor himself. Ken shares some incredible tips on how to get into owning commercial property, including how to find quality tenants, how to structure the lease, and how to protect yourself from a changing market.
He also provides great advice on building relationships and identifying who NOT to partner with. Ken goes on to talk about how he went from working in a pizza restaurant to cashing his first check for 50K as a broker—with absolutely no training program! He shares some incredible advice for opening a laundromat, making huge returns, and successfully investing in other people’s deals, too.
If you’ve ever been interested in how to do big deals without big headaches, this episode is for you!
In This Episode We Cover:

How he builds relationships

How he learned the commercial business sitting across from a mentor and listening

How he buys laundromats Investing in commercial spaces

Using OPM to buy land and selling a 5K investment for 150K 

How he earned a commission of $50K on a deal he couldn’t do

How he chooses his business partners His morning routine

What to look for in a potential partner to disqualify them

How newbies should start off investing in commercial property

How to balance investing with family time

How he structures deals

Tips on owning a business inside your commercial building

How he invests in other people's deals

And SO much more!

Links from the show:

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BiggerPockets Webinar

BiggerPockets Commercial Lenders

CBRE

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