Connect with us

Business

Interested In Commercial Real Estate? Get Started With Rob Finlay’s 5 Keys to First-Time Investments

mm

Published

on

Despite being battered through 2020 due to the pandemic, commercial real estate is back and as lucrative and viable as ever. Investor sentiment is sweetening as deal processing time has doubled its rate when compared to last year, and secondary markets are garnering unprecedented attention.

Everyone knew the $10 billion industry wouldn’t stay down forever, but commercial real estate is coming back in a big way that should excite anyone interested in getting in on the action.

For first-time investors looking to expand their portfolio in one of the traditionally most stable markets, it’s helpful to have a few keys handy before you reach the door. One man happy to share the secrets of the industry is Rob Finlay, founder and CEO of Thirty Capital, whose services for years have been the solution for many looking to break into commercial real estate.

1. Identify an Expert

Flying blind is a risky strategy no matter what game you’re playing, and one that can lead to unnecessary disaster. While some might be tempted to forge a path out on their own without outside advice, this kind of thinking can land one in the gutter just as often as it might to the top.

By identifying the experts and weighing their advice appropriately, you can ultimately save yourself both crucial time and money. “We’ve had our fair share of setbacks over the years,” says Finlay.

“But these missteps are precisely what led to our current success. We’ve experienced it all over the years, commercial real estate is a multi-faceted and constantly evolving industry. We are here to help guide our clients towards profitable CRE investments that are based on our robust collective experience rather than just theory and guesswork.”

Having an experienced ally in the field is invaluable, and for those looking to seriously invest, it’s all but essential to first learn the ropes via an industry leader.

2. Rally All Resources

Before making any major moves, it is essential you know exactly what you have at your disposal. This includes everything from your network of experts to credit lines. “A well-defined budget does two main things for any first-time investor,” notes Finlay.

“First, it provides a sense of order to your overall situation and goals. And second — and perhaps most importantly — it allows you to decide whether additional funding is needed or not, based on the best available information at the time. Investing isn’t something to be done half-heartedly, and information is everything in making the best move.”

Organization is key to have a clear understanding of what is within your current reach, and once you have this kind of view, you can then make decisions with confidence.

3. Consider Your Options

Today’s market is a far cry from that of last year and almost an entirely different animal to that of twenty or even ten years ago. There are still traditional apartment rentals and retail spaces, but now there are a plethora of tech-based options that simply didn’t exist in years past.

“When looking at an area of investment,” says Finlay.

“It’s helpful to imagine the variety of ways you could make the location ideally function. What role it fills in the market now, and how this might change over the years. Properties need to be efficient, reliable, and ultimately quite flexible in what it can provide if you truly want it to remain profitable long-term.”

These kinds of thought exercises are helpful in mentally identifying a potential investment’s strengths and weaknesses, and determining the estimated timeline of the investment.

4. Toe Before Foot

Before you build out your commercial real estate empire with multiple properties occupying different roles, it can be helpful to start small. “While we encourage our clients to be aggressive in their research when it comes to actual investing, it’s best to begin with a walk rather than run,” advises Finlay.

“Getting used to the feeling of owning commercial space is a skill in itself, and one that for most requires time. Once you have some experience, then it’s time to branch out, but it’s important to not overwhelm yourself right out of the gate.”

As with any new endeavor, there will inevitably be some growing pains to begin. It’s best to go through these on a smaller scale where the damage is mitigated but the lesson is still learned.

5. Polish and Prepare

Once you have a property or two running to the point where they no longer needs as much direct attention, at that point, it might be time to prepare for the next steps. Polish your current holdings, everything from your website to your internal team.

You should be making regular assessments of your properties’ total cost vs. income, lead generation, and fine-tuning the process as you go until you get a feel for things. With polished systems in place, you are then better prepared for the future.

“We know how intimidating it can be as a first-time investor,” comments Finlay.

“Commercial real estate is a challenging but immensely rewarding investment opportunity. We are here to help people make the most of a historically unique market and substantiate their ambitions in physical spaces.”

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

How Berite Labelle Is Translating Her International Modelling Career Into Acting Through Passion and Self-Care

mm

Published

on

Moldovan-born beauty Berite Labelle has shed her chrysalis to emerge as an actor and writer.

For several years, Berite has deconstructed, redefined, and developed her modeling skills into techniques fit for an A-list actor.

The path from the catwalk to the film set is a walk of fame mastered by Hollywood legends including Grace Kelly, Nicole Kidman, and Noémie Lenoir. Naomi Campbell successfully transitioned to the small screen as an actor and performed brilliant comedy roles spoofing herself with perfect timing and delivery. Former model and Emmy Award winner Tyra Banks turned to acting and hosted her eponymous chat show. She also birthed an industry from her modeling career and today has a net worth of $90million.

Passion First

Berite’s passion for communication is at the core of her acting and writing ambitions. She aims for both movies and the stage.

Already established as a successful model in Europe, Berite’s vertical performance started in 2019 when she participated in the World Championship of Performing Arts competition in Long Beach, California. She entered the Spoken Model category and claimed first place. Propelled by her competitive success, she went on to study acting at the New York Film Academy on a partial scholarship. She also competed in dramatics and comic monologues performances in Los Angeles.

During her modeling career, she showcased luxury brands including La Perla and France’s Aubade lingerie house at The Four Seasons Hotel – Geneva, and luxury jeweler Faberge. She also walked the runway for Tiffany’s fashion week in Paris and represented hair giant Toni & Guy.

“At the same time as modeling, I joined a small theatrical company in Switzerland. I decided that it was my mission to become an actor. As well as working with the theatre company, I set about teaching myself English. Communication is key in acting, and the more languages you can communicate in, the better.”

Emotional Intelligence

Berite has acted in music videos and is working on a project where she serves two different roles of important historical women: the last Egyptian Ptolemaic queen Cleopatra and the Victorian English writer Mary Wollstonecraft. Berite is also writing scripts. 

“I love communicating in different languages, as shown by competing in California. Today my overarching professional desire is about expression and interchange. I am inspired to communicate as an actor on a deep emotional level. To tell a story non-verbally,” says Berite. 

“Acting demands a high level of emotional intelligence that is outward-facing and creative, but you also need to be able to run a business. As an entrepreneur, I am the founder and CEO of my entertainment company – Berite Labelle.”

It is hardly surprising that Berite pivoted toward acting. Adaptation and learning new cultures are hallmarks of her childhood. Born in the tiny former Soviet country of Moldova in Eastern Europe, Berite traveled the world with her Chadian father, who worked for the United Nations. Constant traveling meant new schools, cultures, and languages. Berite thrived until her father died when she was 14 years old. Her family decided to send the teenager to school in Paris, where she fell into bad company.

It took three years for the young woman to determine that she was the only person empowered to change her life. It was an epiphany that changed the course of her life, and she walked away from the shady side of teenage years. At 17 years old, Berite enrolled in a diploma course studying commerce to set a positive direction. As part of her education, she landed an internship with the exclusive Swiss watchmaker and jeweler -Bucherer est 1880. During this time, the young woman understood that her way forward was to become a model. She immersed herself in a sophisticated and creative life.

Dream Big

It was not the first time Berite considered modeling as a career. As a child, a colleague of her father predicted the little girl would become a model. The prophecy triggered Bertie’s lifelong love of fashion, and the little girl’s favorite entertainment was watching Fashion TV. She also took up ballet, which helped her modeling career bloom.

To this day, the entrepreneur continues to dance as both a way to express her creative energy, de-stress, and maintain her physical form. She has also performed in music videos. 

Indeed, a successful modeling career requires strict discipline and self-care – two covenants are a must for a career as an actor.

“It is essential to stay in shape, so I still dance, and I also enjoy going hiking, and I practice yoga. Drinking plenty of water is great for your skin, and I have a routine for sleeping and looking after myself,” Berite explains. 

“Selfcare is as much of a priority as self-love. When you develop your routine and perform it faithfully, you learn how to love yourself and properly care for yourself. Confidence is important in the world of entertainment. To take good care of others and to love them authentically, you must feel good about yourself. It helps if you never forget about your own needs and feelings,” she says.

Self Care

Berite is a great believer in reading for pleasure as self-care; “reading scripts, books and work-related material counts as self-care.”

Given that Berite is often exploring another person’s character, working on mastering accents, or running her business, she likes to check out of her dynamic workspace through meditation. She has also discovered a rich vein of joy by continuing her education with online acting courses with Acting Center in Los Angeles.

The final thread of Berite’s self-care regime is twice weekly hair and face masks, which she believes are well-earned breaks from a fully engaged life.

Continue Reading

Trending