By Chris Cobb | Associate
Welcome back to the Big3 with CC, your weekly real estate investment source. According to the college football playoff committee, the top four teams are Alabama, Georgia, Notre Dame, & Clemson. There is, however, a lot of football to be played. I’ll check back in for the final rankings to see how they compare.
We turn inward once more today and explore a few options to aid in personal development. Here are three things I found useful when enhancing my investment knowledge:
Read. Read. Read.
The most successful people in their respective fields do it every single day. This could be books, audiobooks, or online daily periodicals that keep you up to speed on the latest investment and commercial real estate news. Quite frequently when I am driving the local markets and prospecting, I’ll throw on some Podcasts by Tim Ferris or Gary Vaynerchuk to get the competitive juices flowing and pick up insight from lessons learned. Case studies are a fantastic way to educate yourself and Podcasts are an endless wealth of case studies. For a good, quick online source I would recommend National Real Estate Investor Online. I started using this when I was working in New York City to keep abreast of the ever-changing landscape of Manhattan. I have been reading it daily for three years now.
Attend Informational Sessions.
I frequently attend classes given by property appraisers, other brokers, university professors, and top local business owners to gain perspective on how commercial property is valued and viewed. It also provides an opportunity to ask questions and hear what other questions may be asked regarding the same topic of conversation. For example, a residential broker will have a completely different take on commercial vacant land in a high-density area. The informational sessions will also help reinforce knowledge needed to become an expert in your field (i.e., attending a planning and zoning speech to learn about county zoning rules).
Step Away from your Desk.
Go out into the market and see what is happening. You will not be able to gain 100% clarity on new developments or property listings by using your computer screen. And talk to people. Ask them how business is going in their neighborhood. If things are getting better and have been for a while, it could be a good candidate for investment.
When it concerns real estate, invest yourself.