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53 I Stephen Simpson I The Differences, Benefits & Risks of Industrial Real Estate
Manage episode 357957929 series 3316032
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Stephen Simpson started off his career as an engineer, in the corporate world learning many aspects of construction and renovation, including negotiation. He started looking for ways to make additional money, including side hustles, etc and real estate was one thing he considered. He purchased his first residential property, and along the way completed about 12 deals for single family, student rentals and short term rentals. He realized that residential would not give him the financial freedom he desired, so he moved into commercial real estate. His corporate skills came in handy as he negotiated bigger deals than residential, and has not looked back. Commercial properties are typically valued by their cash flow, so with greater cash flow comes greater residual value. If YOU are curious as to whether commercial can add to your portfolio, TUNE IN!
WHAT YOU’LL LEARN:
- How does commercial differ from residential
- How he got his start with traditional residential house hacking and buying more
- Are there greater requirements to purchase a commercial property?
- Are there greater risks involved with commercial
- Is it all about the cash flow with commercial
- The benefits of long term commercial leases (5+ year
- What was the moment that he realized industrial was the way to go
- Why he kept his job and did not go full time into real estate
- When he started Focus Development Group, and what they do
- Why you need to work as a team if you need an environmental assessment
- How a typical residential investor can move up to commercial investing
- And Much More!
Stephen Simpson is the Founder and Principal of Focus Capital and Focus Developments with over 20 years of experience in real estate, financial analysis, construction, and engineering. He has led teams working on Commercial Real Estate and Infrastructure projects worth over $5Billion during his career.
Stephen is a licensed Professional Engineer, holds a PMP designation, and has a Diploma in Urban Land Economics from the Sauder School of Business at UBC.
Focus Capital specializes in investing and redeveloping commercial real estate. As Principal, Stephen executes strategy, investment analysis, and oversees acquisitions and asset management.
Email address: stephen@focusdg.ca
Linkedin:: https://www.linkedin.com/in/stephenrsimpson/
Focus Developments
p: 416 671 9432
Website: www.focuscapital.ca
To reach out to Jose & Khadija, head over to:
website: www.savvyrealestate.ca
Insta: khadijajafferji & josejafferji
Tags: #commercialrealestate, #leasing, #storefront
#mentoring, #success, #buildingwealth, #buildingequity, #howtobecomerich, #portfolio, #howtogetrich, #financialindependence, #refi, #renovate, #coaching, #passive, #investor, #cashflow, #financialfreedom, #learning, #refinancing, #commercialrealestateinvesting, #growth, #strategy, #industrialrealestate
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