Terry Painter is the author of “The Encyclopedia of Commercial Real Estate Advice” and a contributing writer for Forbes.com. He is the founder of Apartment Loan Store and Business Loan Store – commercial mortgage banking and advisory firms that have closed over four billion dollars in commercial loans since 1997.
Terry start us off by Sharing a memorable experience from your formative years that helped you to be the person you are today
Main Points:
- Choose a Property in a Good Neighborhood Closer to Home
- Don’t Take Shortcuts with Due Diligence
- Make Sure in 2 Years You Can Break Even at 75% Occupancy
- Know the Physical Condition of the Property
- Choose Inexpensive Value Adds
- Choose the Lowest Payment Financing
- Have Working Capital and Additional Sources of Income
Connect with Terry:
Listen to the podcast here or on your favorite podcast app:
Watch the Episode here:
Biography Of Terry Painter:
Meet Terry, the author of “The Encyclopedia of Commercial Real Estate Advice” – published by Wiley, and a contributing writer for Forbes.com. Mr. Painter is the founder of Apartment Loan Store and Business Loan Store – commercial mortgage banking and advisory firms that have closed over four billion dollars in commercial loans since 1997. Terry has been a top producer for Lasalle Bank and Lehman Brothers and is known for his real estate investment consultations. For 18 years, Terry has spoken nationally to commercial real estate investor groups, real estate brokers, and banks about commercial real estate Investing and lending. Terry is a member of the Oregon Bankers Association, The Mortgage Bankers Association, and Forbes Real Estate Council.