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Commercial real estate is something many investors seem to be interested in both as an asset class as well as a place for operating their businesses. Justin Smith, a broker, industrial advisor, and author, joins us today to talk about investing in commercial real estate. Throughout today's episode, we explore what investing in commercial real estate is like as an asset class and what business owners who are considering buying buildings for their own businesses need to consider prior to day one and from day one to the day that the business no longer occupies the building. Stay tuned until the end of the episode, where Justin shares some strategies that help real estate investors with taxation. [2:50] Justin's Background – Justin has been working at Lee and Associates for 17 years, focusing primarily on industrial property. We talk about how Justin got into the real estate industry and what he learned through his long career. [9:40] Buying a Building - Justin explains where to start if you're looking for a building to buy and how the process differs according to the type of business, type of property, and whether it's a lease or ownership. [20:05] Transition From Tenant to Owner - Switching roles from the tenant to owner often calls for some construction work. Justin explains what potential property owners should know about working with contractors and other parties and maintaining compliance. [26:55] Selling the Current Building and Purchasing the Next - What business owners need to think about when selling their current building to move to another and how their options differ based on liquidity, capacity, and capital. [34:41] Potential Property - What makes a potential property or building an attractive investment in a portfolio, and what to look for in a potential real estate investment in terms of its cash flow. [42:45] 1031 Exchange - Justin shares his thoughts on the future of the 1031 exchange, which gives business owners an option to avoid paying capital gains taxes when selling a property and reinvesting in similar properties. [46:30] Tips for Pure Investors – Justin shares some tax strategies for people who are looking at real estate as a pure investment. [49:00] Industrial Intelligence – Justin's book, Industrial Intelligence: The Executive's Guide for Making Informed Commercial Real Estate Decisions, came out last April. We talk about what he covers in the book and how it helps investors make smarter decisions for real estate investments. Resources: Industrial Intelligence: The Executive's Guide for Making Informed Commercial Real Estate Decisions amazon.com/Industrial-Intelligence-Executives-Commercial-Decisions/dp/1544519923 Connect with Justin Smith LinkedIn: linkedin.com/in/justinbsmith Website: smithcre.com
This week, John's joined by News Editor Imran Khan to discuss the delay for the Sony-exclusive God of War sequel that is slated for PlayStation 5 and now PlayStation 4. Plus we're talking Shin Megami Tensei V's leaked release date, Nintendo Switch Pro being revealed soon, Horizon Forbidden West, what to expect from E3 2021 this upcoming week and so much more. Sections: 1:13 - This Week's Top News Stories 8:04 - A Closer Look at God of War sequel's delay, Horizon Forbidden West, & Cross-Generation games, with Imran Khan 20:23 - What's Next: What to expect from E3 2021 this week and more Additional reading: The Case For and Against Cross-Gen Video Games by Imran Khan More from Fanbyte: Fanbyte Podcast Network (We have other channels with equally incredible shows. We promise.) Follow us on Twitter (Yell at us on Twitter in good ways.) Talk to us on Discord (Talk to us and our loving community. Also we have a pets channel that is very good so like...) Twitch Live Streams (Hang out with us live and yell good things at us.) Rate and review our show (Please show us your support by rating and reviewing our shows. It really goes a long way for us!) Learn more about your ad choices. Visit megaphone.fm/adchoices
In this 65th in a series of live discussions with Bret Weinstein and Heather Heying (both PhDs in Biology), we discuss the state of the world through an evolutionary lens. In this episode, we begin by offering gratitude to Bill Maher and his crew for having us on on January 29—but why didn’t Heather answer his question about vaccines? She does so here, and we discuss a bit more about vaccine technology (also see episode 58 for more on that). Next: What does consensus look like in science, and when are we looking at forced consensus, one which may not accurately reflect underlying reality? What does this have to do with the “lab leak hypothesis” regarding the origin of SARS-CoV2? Following that: how does diet affect COVID—either in terms of mitigating risk of contracting it, or of reducing symptoms if you have it? Short advice: eat more ferment, and buy local. We finish by talking about tuna, and sea stars. DarkHorse merchandise now available at: store.darkhorsepodcast.org Find more from us on Bret’s website (https://bretweinstein.net) or Heather’s website (http://heatherheying.com). Become a member of the DarkHorse LiveStreams, and get access to an additional Q&A livestream every month. Join at Heather's Patreon. Like this content? Subscribe to the channel, like this video, follow us on twitter (@BretWeinstein, @HeatherEHeying), and consider helping us out by contributing to either of our Patreons or Bret’s Paypal. Looking for clips from #DarkHorseLivestreams? Here are some, updated frequently: @DarkHorse Podcast Clips Theme Music: Thank you to Martin Molin of Wintergatan for providing us the rights to use their excellent music. Q&A Link: https://youtu.be/WIC3sx4F2Qg Mentioned in this episode: Dolgin 2020. COVID-19 vaccines poised for launch, but impact on pandemic unclear. https://www.nature.com/articles/d41587-020-00022-y Butler 2015. Engineered bat virus stirs debate over risky research. https://www.nature.com/news/engineered-bat-virus-stirs-debate-over-risky-research-%201.18787?utm_medium=affiliate&utm_source=commission_junction&utm_campaign=3_nsn6445_deeplink_PID100072647&utm_content=deeplink Relman 2020. Opinion: To stop the next pandemic, we need to unravel the origins of COVID-19. https://www.pnas.org/content/pnas/117/47/29246.full.pdf Karesh et al 2012. Ecology of zoonoses: natural and unnatural histories. https://www.thelancet.com/action/showPdf?pii=S0140-6736%2812%2961678-X Bousquet et al 2020. Cabbage and fermented vegetables: From death rate heterogeneity in countries to candidates for mitigation strategies of severe COVID-19. https://pubmed.ncbi.nlm.nih.gov/32762135/ Bousquet et al 2020. Is diet partly responsible for differences in COVID-19 death rates between and within countries? https://ctajournal.biomedcentral.com/articles/10.1186/s13601-020-00323-0?fbclid=IwAR3ljFDFU6cI9Hg_NwvKFdPF6YhvRWGYiq2ddtNuSYfrJTUJ539V3Ml5Mvo Rishi et al 2020. Diet, Gut Microbiota and COVID-19. https://pubmed.ncbi.nlm.nih.gov/33012868/ Iddir et al 2020. Strengthening the Immune System and Reducing Inflammation and Oxidative Stress through Diet and Nutrition: Considerations during the COVID-19 Crisis. https://pubmed.ncbi.nlm.nih.gov/32471251/ There’s no tuna in my tuna! https://www.washingtonpost.com/food/2021/01/27/subway-tuna-lawsuit/ Support the show (https://www.patreon.com/bretweinstein)
This week, we’re answering your questions about what’s going on in the news right now. Here’s what you wanted to know: First up: What’s the deal with this new strain of COVID that’s been found in the UK? Then: Why did Russia hack the United States again? And what information did they get? Next: What’s in the new stimulus package? And: What’s happening to our alcohol consumption during COVID? And how do we know if it’s a problem? Also: Why am I seeing headlines about a “galactic federation”? Finally: Are robots really coming for our jobs? PS: You can find the National Institute on Alcohol Abuse and Alcoholism’s Website, Rethinking Drinking, here. And here is the NIAAA’s Treatment Navigator. On this episode, you’ll hear from: Dr. Amber D’Souza, infectious disease epidemiologist, Johns Hopkins University Dr. George Koob, director of the National Institute on Alcohol Abuse and Alcoholism Garrett Kenyon, Los Alamos National Laboratory, and Yijing Watkins, Pacific Northwest National Laboratory Want more Skimm? Sign up for our free daily newsletter Email us your questions about what’s going on in the news right now Subscribe and leave us a review wherever you get your podcasts Skimm'd by Alex Carr, Justine Davie, and Luke Vargas. With additional support from Peter Bonaventure and Ciara Long. Learn more about your ad choices. Visit podcastchoices.com/adchoices
What’s True in the Bible?If Jesus Inspected Your Life1. What would He find? (John 2:13–14)2. What would He remove? (John 2:15–17)3. How much power does He have? (John 2:18–22)What’s Real in my life?• What do I think about Jesus aggressively clearing out the temple?• What would Jesus remove if He visited my “home”?• What authority does Jesus have in my day-to-day living?What’s Next?• What do I need to drive out of my life to clear the way for God’s plan?
What’s True in the Bible?How to Receive God’s Best for Your Life1. Recognize your need, and bring it to Jesus. (John 2:1–3)2. Listen to His direction, and put it into action. (John 2:4–8)3. See God move, and grow in your faith. (John 2:9–11)What’s Real in my life?• Where do I go when the “wine” runs out?• Have I been dragging my feet on something that God has asked me to do? Why?• In what special ways have I seen God move, and how did that impact my faith?What’s Next?• What need can I bring to Jesus?
What’s True in the Bible?How we fight temptation1. When you are full of the Spirit, you will be tempted in the flesh. (Luke 4:1–2 / Deuteronomy 9:13–20)2. We fight temptation with a heart and mind full of God’s Word. (Luke 4:3–12 / Psalm 2:7–8; 119:9–11 / John 12:31 / Ephesians 2:2)3. We fight temptation preemptively and by embracing sacrifice. (Luke 4:5–8; 11:4 / Romans 13:13–14 / 1 Corinthians 10:13)4. Where we failed, Jesus overcame. (Luke 4:13 / Genesis 3:6–7)What’s Real in my life?• How am I filling my heart and mind with God’s Word?• How does Jesus’ victory encourage my struggle with sin?• What could God be preparing me for this summer?What’s Next?• What boundaries or commitments can I make to prepare me to resist future temptation?
What’s True in the Bible?How did Jesus grow up?1. He listened to others and engaged in learning. (Luke 2:46–47 / Proverbs 1:7, 4:7)2. He embraced his purpose while submitting to authority. (Luke 2:48–51 / John 6:38, 12:49, 14:31 / 1 Peter 2:13–17 / Ephesians 6:1–3 / Titus 3:1)3. He influenced others without being in charge. (Luke 2:47, 51–52 / 1 Timothy 4:12)What’s Real in my life?Have I fully embraced God’s calling on my life?How do I relate to the authority figures/structures in my life? Does it mimic how Jesus did it?What’s Next?What can I do to emulate Jesus’ growth in my context?How can I faithfully lead others when I’m not in charge? Who would that be?
What’s True in the Bible?How did Jesus grow up?1. He listened to others and engaged in learning. (Luke 2:46–47 / Proverbs 1:7, 4:7)2. He embraced his purpose while submitting to authority.(Luke 2:49–51)3. He influenced others without being in charge. (Luke 2:47, 51–52 / 1 Timothy 4:12)What’s Real in my life?In what area of my life am I trying to grow the most?When have I averted trouble because I stopped to listen?Have I fully embraced God’s calling on my life?How do I relate to the authority figures/structures in my life? Does it mimic how Jesus did it?What’s Next?What can I do to emulate Jesus’ growth in my context?How can I lead others when I’m not in charge? Who would that be?
What’s True in the Bible?As a shepherd:1. God cares for me personally. (Psalm 23:1a / John 10:11–14)2. God provides for my needs. (Psalm 23:1b–2, 34:9–10 / Philippians 4:19 / Nehemiah 9:21 / Luke 12:22–32)What’s Real in my life?• Who has shown a great deal of care for me in my lifetime? How so?• How would I describe God’s love and care for me? Is it personal and intimate? Why or why not?• Do I live and rest as if God will provide for all my needs? Why or why not?What’s Next?• What needs to change in my life to reflect a greater trust in God?
What’s True in the Bible?1. We fear the unknown. (Matthew 14:25–26)2. Jesus is greater than our fear. (Matthew 14:27–29)3. When we take our eyes off Jesus, we sink. (Matthew 14:30)4. When we call out to Jesus, we’re saved. (Matthew 14:30–31)5. Jesus gets in the boat with us. (Matthew 14:32–33)What’s Real in my life?What am I currently afraid of? Why?Has Jesus offered to calm my fears? How?What circumstances cause me to doubt, even though I trust Him?What’s Next?What impossible thing has Jesus called me to right now?How can I keep my eyes on Jesus and off of my circumstances?
Welcome back to the podcast! In episode 4, I introduced you to the Idea Work/Lifestyle Template, and if you haven’t already you can get your copy inside the free gift 57 Ways To Monetize Your Gifts, the link to that template and the one I have you for you today is inside that PDF. Again you can grab your copy at http://getpaidforyourcreativity.com/57waysgift or in the show notes Just a quick recap from Episode 004: The Passion Based Business Plan Part 1. On that episode, I asked four questions to consider as you’re laying the foundation for your ideal work lifestyle. The first… When you think of a typical day in your ideal life what’s happening? For example: What’s your morning like? What are you doing in the afternoon? What time do you stop working? Where do live? By the beach, in the mountains, do you split your time between two or more places living and working as a digital nomad? Describe your day-to-day work/life experiences? How much time do you spend serving clients? How much time do you allow yourself to create new content? How much personal time do you have? How are you spending that personal time? What are the top 3 personal goals you want to accomplish in the next 12 months? How deep are you going with your clients? Again, the more you emphasize service and the quality of that service, the more you can charge? What transformation do your customers expect? What can you deliver that’s unique to you? Do you see yourself meeting clients live or on the internet? How many clients or customers are you currently serving? How many do you want to serve? I encourage you not to gloss over these questions but to take them seriously because getting clear on how you want to live effects the choices you make, everything from deciding what to sell, who you want to work with, to how you’ll find prospective clients and customers. But more importantly how you’re structuring your business to support your ideal life. For example, you might think that running a membership site could be your ticket to financial freedom, but in reality, you might discover that being responsible for a large group of people constantly asking for your direct support too daunting. Mind you I’m not telling you to shelf the idea of a paid membership community. But as you’re trying to figure out what works best you, you want to know the areas and potential pitfalls of a particular business model before you decide to jump in both feet. So again, do take some time and work on the Idea Work/Lifestyle Template before moving on the Income Idea Generator sheet, also found in today’s sponsored freebie. You’ll find it under Monetizing Your Gifts Key #32 For the sake of time I’m not going to read all 20, you can see the complete list when you download it. Instead what I want to focus on today is the Income Generator Exercise template located under Key #36 and that’s what we’re going to work through on today’s episode then you can refer back to the Income Idea Generator sheet for additional ideas and inspiration. So let’s get started: Income Generator Exercise! The single fastest way to generate more cash is to create a synergetic match between what you love, your talents, skills, and gifts and match them to the desires of the people you currently serve and you hope to serve in the future. In this worksheet, we’ll explore your current resources (i.e. equipment, current clientele, education/knowledge, etc) and the deliverables your clients have told you their willing to pay for. What do I have? List your resources, people, equipment, knowledge, connections. This can be people you know also don’t underestimate the power of your network, everyone from the people you follow and who follow you on social media to your email list (both personal and professional) Your next joint venture partner could be a direct message away. Obviously, you’ll to list all of your education and I’m not necessarily talking degrees here, I’m talking certifications, workshops, books you’ve read, coaches, mentors or other teachers you’ve studied with. Have you been interviewed on any podcasts? List them. Spoken at any networking groups? List them. Of course, if you’ve delivered any kind presentations both large or small, even if you think it’s insignificant, list it. Are you a published author? Contributed any writing to blogs, or anthologies or reports? List it Do you have a Facebook group? Podcast? Or an active blog What equipment do you have that’s necessary to perform your business? In my experience, we can forget or gloss over our accomplishments and resources which is a huge disservice to us and that’s why I felt it important to include in this exercise because I want you to have a constant reminder of what you have available at your fingertips, moving on… Who am I? And I want to invite to expand your response from external skills or talents, think internal characteristics like. Are you empathetic, or highly intuitive? Are you a natural connector, do you love breaking down complex ideas making it easier for people to understand? List your accomplishments What have you accomplished that people would love to learn? What are your top 3 insider secrets or tips? Don't underestimate this, this could be your secret sauce! Next… What does my ideal customer want and how do they want it delivered? Do they want to work with me one-on-one? Do they want classes, workshops or boot camps, private or group retreats? Do they want items shipped directly to their home? Do they want an online forum? Email access? Home study program? Now I realize these questions may be a little trickier to answer unless you’re already working with your ideal people. In that case, you can reach out to them preferably by telephone and ask them. If not, again you have your network list you just created and start by reaching out to people that you feel would be a fit to work with you. Finally, what can I do to wow my customers and turn them into repeat clients? This is really important so don’t skip this. The deeper you can go, the higher you can elevate the level service to meet and exceed their expectations the easier it will be to charge premium prices. Now as an extra special bonus I have another template for you called Your Personal Income Portfolio In Less Than 30 Minutes! You can use to take one core idea, talent or service, and explore an additional four ways to generate income, for a total of 5 income ideas you could employ in your business. Let’s recap today’s episode: Listen to Episode 4 if you haven’t already, download and complete the Ideal Work/Lifestyle Template. Next, download the Income Generator Exercise to get clarity on your resources, network, talents, and skills. Finally, review the Income Idea Generator (featuring 20+ ideas) to inspire you and the Personal Income Portfolio In Less Than 30 Minutes referring back the Income Generator Exercise and Income Idea Generator Lastly, you can get your hands on all of the templates discussed on this podcast episode as well as episode four by going to http://getpaidforyourcreativity.com/57waysgift or in the show notes for today’s episode. Show Notes for this Episode Subscribe & Review in iTunes Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. I’m adding a bunch of bonus episodes to the mix and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes! I would be eternally grateful if you left me a review over on iTunes, too. Those reviews help other people find my podcast and they’re also fun for me to go in an read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. Thank you! Connect with me Instagram and Facebook!
Buckle up, and get ready, the conversation continues with J.C. Hernandez (@jch_tx_drummachine). 0:00- Intro/Warm Up 1:13- Start with That 4:13- Tim Ferriss Show excerpt with Dr. Gabor Mate, After Thoughts 16:59- Quick Recap Questions, Another Backpack Story, and Jobs 28:06- False Guilt, Making Decisions, College 46:28- What's Next? What's Your Definition of Success? 56:15- Other Jobs, Entrepreneurial Mentality, The Stars Align 1:07:36- Vocational School, Accidents, Another Sign from the Universe 1:15:14- 2012, The World Didn't End 1:27:53- "I" and "We", Acceptance 1:35:59- Veering Back, Two New Bands 1:49:50- Questions that Stirred the Mind, Pushing Boundaries 2:02:04- What Do You Give a Damn About? Don't forget to subscribe and leave reviews! **** movingwithlife.co **** Email: podcast.millennial@gmail.com IG: @movingwithlife_ JC's Connectors: IG- @jch_tx_drummachine Andy's best connectors: IG/Twitter- @andy_1844