This Is the WORST Real Estate to Invest In!

This Is the WORST Real Estate to Invest In!

Support our sponsors:

Learn more about EntreLeadership Events:

Learn more about EntreLeadership Coaching:

[mullic]

Been on this earth for 28 years. In that short time, strip malls, warehouses, office buildings have all foreclosed and filled chapter 11 and 12 more than once. Invest in land, invest in solid assets. Trends such as strips malls and such are trendy. They don’t last. I’ve gotten this advice from numerous wealthy, healthy people who don’t need to sell a book on their opinion of wealth and finances and call that “success”.

[AmukaAkuma]

Lost me at office building and Strip malls.

[tomd]

I’ve been working for a commercial landlord in NYC and Long Island for 18 years. Even before the pandemic commercial real estate was never considered low risk. What saved us was most of our tenants who occupy our office buildings are medical. What’s helped our retail strip centers was the rezoning where retail can now have medical tenants.

[sct]

What year is this video? Commercial real estate, office buildings, malls? No.

[eddiemalvin]

He must mean "timeshare resorts" not beach houses.

Beachfront homes are basically gold. When times are good, middle class families treat themselves to a nice beach vacation. When times are bad, wealthy families swap out their extravagant international trips for a more modest beach vacation. The demand is non-stop.

[donaldkasper]

Strip malls for income died in the 80s. Commercial real estate in city centers is in a world of hurt. Apartments for Caly whoa, very risky. Deadbeats can live for free for 6 months before you can get rid of them.

[danhiggins]

I live near Calgary Alberta, the oil & gas capitol of Canada. Commercial real estate and office space has a 25% vacancy rate there. This idea that any commercial real estate is safe is ridiculous

[brianparkhurst]

True, 08 was rough, most of my friends went under, i barely made it. Cash flow is king.

[paulh]

Since the evolution of COVID-19, I’m not sure the office complexes are a great investment because business and industry figured out they didn’t need all this office space if they let their people work from home.

[brodiegriffin_is_Ozzy]

I started with a car park, 2 single spaces in the business district of a major city I bought for $1000 each . I'm not rich rich or have a port folio, I have a house & a unit that are rentals & the house I live in . It was hard work for 15 - 18 years but in my 40s I'm comfortable & should be as long I live

[CameronBrown-phdo]

"I've been doing real estate since I was... since 1978"

Bro didn't want to do the math 😂

[notpublic]

Hahaha! Dave just said office buildings are super safe. Tell that to all the poor owners of commercial property sitting empty all across the US now for 4 years and counting.

[Haydensmith]

I'm lost bc my beach rental is still bringing in 14%. Use to be 20 but settled at that and I feel ok with it

[fx]

Due to remote work, beachfront condos are always gonna have their value unless you have a hurricane.

[tovsteh]

Office buildings are in a massive downturn globally due to pandemic and the working-from-home arrangements.

[kyleclayton]

"Strip Centers ", Eh, Dave? I'm in 😂

[cheesedoesgaming]

The Midwest is having nothing but a housing boom, hundreds of acres becoming neighborhoods in less than a year, with fleets of land movers and construction equipment. I see the slow infrastructure of the pipes and lines being layer but once they get the land leveled the foundations are in there really fast

[andyoohhh]

When he says don't do something, probably something I need to look into investing.

[FadimeSelim-mjcc]

Yes, those reload bonuses can be a lifesaver, especially when you hit a rough patch. Helps to keep playing without breaking the bank

[tedyoung]

Ramsey is correct. Ramsey is speaking of long-term and historical data in which he is referring to. The office class a plus markets will return at some point you notice offices are being filled more than they were the last 36 months. Employers are having people return to the office. apartments and warehouses 100% correct on that.