Key Takeaways
Industrial is the backbone of our country, really of the world. Everything is made in an industrial building.
Companies are coming back. It's called onshoring or reshoring where what they used to do overseas; they now need to do locally.
Real estate is a leveraged business for the most part.
You've got to have your back office. In my case, I've got two guys in my back accounting office that have been with me for 20 years.
Timeline
[02:24] Intro to episode guest
[03:41] One word that describes Joel personally and professionally.
[06:220] Provide a brief overview of your background, detailing your journey over the years, from your initial steps to your current role at Brit Properties.
[15:50] Do you just own your buildings and take care of all the maintenance and issues or are your tenants triple net tenants?
[20:04] So we have said that real estate's a leveraged business. Isn't your IRR or your return to your investors higher with debt on the property than it is when you're all cash?
[30:35] Let's discuss the real estate market briefly. Given that 2023 hasn't been an ideal year for real estate purchases, what has been your experience, and what are your insights on where the markets are headed in the next 12 to 24 months?
Contact
Email: joel@britproperties.com
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