Join Tom Wheelwright as he explores how to maximize profits and minimize taxes on commercial real estate with his guests, Bob Knakal and Rod Santomassimo, authors of “Selling Buildings.”
Bob is Founder of BKREA in New York City. Bob was Former Head of the NY Private Capital Group within JLL Capital Markets in New York City as well as Chairman and Founding Partner of Massey Knakal Realty Services, New York’s #1 building sales firm. He started his real estate career in 1984 at CB Richard Ellis where he met Paul J. Massey Jr. They both left CB in 1988 to form Massey Knakal.
Rod N. Santomassimo, CCIM, is the founder and president of The Massimo Group, a leading national commercial real estate coaching and consulting organization. Rod possesses 25 years of commercial real estate industry experience as a broker, owner, and manager of local, regional, and international firms.His firm is the fastest growing commercial real estate coaching and consulting organization in North America, based on its application of proprietary programs, processes, and technology to give their clients a competitive advantage in today's marketplace. Rod has been a featured guest speaker at scores of commercial real estate regional and national conferences.
In this episode, understand the essentials of a good commercial real estate deal, learn how to adapt to market changes - including the conversion and rezoning of office spaces into residential, and the impact of AI and data for investors.
Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 - Intro.
06:11 - What makes a good commercial real estate deal?
08:55 - How to Get an Advantage: Expertise. Passion. Discipline.
12:01 - Tough Times: How has the commercial real estate market changed?
16:45 - Status of Office Spaces: Conversions into Residential. Rezoning. Renovations.
22:53 - What are commercial real estate clients looking for?
25:48 - How to use AI in commercial real estate.
31:30 - The future of data in commercial real estate.
34:13 - What brokers are looking for in clients and investors.
35:45 - Top Notch Advice: 6 things investors should do now.
39:14 - How much impact the new tax bill has in the marketplace.
40:43 - Closing Statements.
Looking for more on Bob Knakal & Rod Santomassimo?
Book: “Selling Buildings”
Websites: bobknakal.com | massimo-group.com
Facebook: www.facebook.com/BobKnakalNYC | www.facebook.com/themassimogroup
LinkedIn: www.linkedin.com/company/the-massimo-group/
X/Twitter: twitter.com/BobKnakal | twitter.com/MassimoGroup
Youtube: www.youtube.com/@bobknakalnyc
Instagram: @bobknakalnyc
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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.
DISCLAIMER:
WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
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