Investing In Commercial Real Estate for Beginners with Dwaine Clarke

Commercial Real Estate Investing For Beginners with Dwaine Clarke.mp3

February 13, 2021

• 0:30 - 0:38 

Welcome back to the show everyone. This is episode number ten and on today. I'll be joined by my good friend Dwayne Clark. We're going to be talking about commercial real.

• 0:38 - 1:07 

State Investing For Beginners. It's been a little while but we're starting up a new season of the real Authority show. So I thank you all for joining me. And without further Ado. Let me welcome Dwayne. So Dwayne Clark, welcome to the show. How are you? Thanks for having me on I'm doing great. Thanks for coming on. I'm really looking forward to getting some of these questions answered today and helping some of our audience, you know, learn a little bit more about commercial investing absolutely looking forward to it. Anyway can help. Yeah. So why don't you just give us a.

• 1:08 - 1:38 

What I'll give you I'll give everyone a quick little I guess a bio of you and then you can fill in the gaps that I miss but Dwayne's an author. He's a podcast host. He's a YouTuber. He's written several books that are on Amazon about commercial real estate investing. I've been on his show once we get a get that episode out there, but I think a couple of the things that he's just been doing recently is he just created a.

• 1:38 - 2:08 

A new course for commercial real estate investing in kind of getting to know that I'm going to throw those links up throughout the video throughout our podcast and episode today, but well tell us a little bit more about yourself Dwayne. Yeah, so I appreciate you having me on but yeah, I would start I've been in real estate for for some time now little bit before the financial crash. So I had some kind of some experience and far as house flipping Property Management.

• 2:08 - 2:31 

And now I'm also a real estate broker for single tenant net lease. So that's kind of a lot of stuff that I help investors with. But yeah just starting out just kind of getting my hands dirty and all different types of asset classes and was my main focus on Commercial now helping investors and get into deals as well as passive investors to want to earn money through real estate.

• 2:33 - 3:03 

Awesome. Well, I'm going to throw up. I'm going to throw up you're on the bottom of the screen here your two websites right now. One of them is by nnn properties. That's for triple net lease properties. You can go there. That's Duane's main site. So if you're interested in getting more information on investing and looking into different investment options, that's a great website for you. And then he's got his other one, which is the passive investors club that is this podcast, and he also has a brand new course for you.

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Newbies investors are looking into the commercial real estate. Absolutely.

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All right. So since this really podcast episode for beginners getting in the commercial real estate just kind of wanted to start out with some real simple information. So I guess what our if somebody was going into the real estate space the commercial real estate space What are the different spaces that they can go into? You know, there's a lot of different commercial buildings out. There are there different sections and what are they? Yeah, so really comes down to you know, this many multiple asset classes. I mean you can.

• 3:38 - 4:08 

How to take my path where I started out and fix and flip world and then kind of got up to commercial real estate there's a lot of investors that jump directly into commercial real estate so really comes down to I'll say your interest level as well as you know, what is really kind of a good move a lot of investors jump into multifamily. That's a very popular Niche and you also have you know, retail retail strips and shopping centers medical office and things of that sort. And of course.

• 4:08 - 4:38 

Right now us going through, you know some Market changes right now. There's some particular niches that I would say to kind of focus more on but as far as kind of newbies getting into it, I would just say just start for Education First and probably think about multi-family, which is also a you know, a good Niche to start off with as people are familiar with it. There's a lot of demand for it. It's good for beginners to get in either through three or four.

• 4:38 - 5:08 

Property all the way up to large Apartments indications and we kind of talked about different sectors and I focus more on single tenant at least which is a whole other section which we can kind of cover a little bit later as well. But I mean again, it really comes down to time and education and in kind of dig it into a particular Niche that you think is right for you. Okay. Well I get you know, I know your your website obviously states that they triple net lease.

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Can you just explain a little bit about what a triple net lease is? Yeah, it's not like a lot of information on this particular and that's because it's not really sexy. I would say but triple net lease single tenant triple net lease. I would say people should be familiar with because these are places that we go the shop eat get our gas, you know, grab a burger grab a coffee that at each and every day so revolves around a tenant that occupies a building.

• 5:38 - 6:08 

Themselves, you know only one tenant and usually they there for a long period of time and many cases 10-15 to even 20 years in length. They have a long-term lease agreement and like I mentioned before it's usually like a lot of the ones that we deal with our brand name tenants like Starbucks McDonald's Chick-fil-A Walgreens 7-Eleven CBS. So out of those brand names and what's interesting is go.

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I found out about this Niche many years ago through a mentor Minds who owned a whole bunch of apartment buildings and self storage buildings, but they also own a Walgreens and I had no idea that that you can own a Walgreens. It's more cheaper for them to operate as a lease rather than them owning real estate all over the country because you know, they just have multiple sites and almost seemed like an every neighborhood and every right and every corner. So what they do is I do a lease agreements with landlords.

• 6:38 - 7:08 

That's where they'll they'll stay there for 15 even 25 years at a time and consistently pay rent. The triple net lease aspect of it is where the tenant pays all are some are all of the bills associated with the tenant which includes taxes Insurance Property Maintenance and repairs. So really a passive type of investment. That's why a lot of people are attracted to that particular Niche nice conservative returns.

• 7:08 - 7:38 

And you know, of course the lease agreement is in place for a long period of time and some tenants. They have contractual rental agreement rental increases throughout the lease period but it's a nice steady income stream to have so that's exactly a really nice niche for a lot of people are really attracted to it because of that nature. All right. Yeah, that makes sense. So just to clarify triple net lease investor would be they would actually be purchasing the building.

• 7:38 - 8:04 

Land and they would be leasing it out to one of those big brand name companies or the franchises like the Walgreens and okay. That's awesome. So, yeah, I guess that would definitely be something that you'd want to look into especially if you have those kind of big brand names behind that that lease agreement, right? Yeah, who would I want to own? You know, like a Starbucks on a 10-year lease and the panel paying all the bills and you kind of sit back what they call it. Am I?

• 8:05 - 8:35 

Industry mailbox money because they just got to keep paying you money each and every month without you having to do any work, we work with clients all over the country to look for the best deals in a particular State and what they has really nice that you don't have to look for a property that's in your backyard. You can actually go look for properties that are in different states. Like I have plenty of people that are California or New York or New Jersey and we're looking at properties and Texas and Florida and all of this.

• 8:35 - 9:05 

On strong marketplaces that you know that are seeing tremendous job growth and consistent, you know increases in population. So you want to be knows Marcus instead of you know, kind of looking at something that's next door to you just for the sake of it of it being next door to your location. Right? And I guess you know this this career path is really made your your job almost mobile, right? Because you're you're working with people from all over the country and actually all over the world if you needed to from.

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That are coming into your website and they're purchasing properties, right? Yeah been very blessed with this type of investment, you know for myself as well as my investors that I'm able to you know, run my business through a laptop and run it from Europe is where my wife's family is from and it gives my my clients in my investors opportunity to own an asset and to kind of live whatever life style that they want to live and knowing that they have an acid that's working for them.

• 9:33 - 10:03 

For them instead of them being there and deal with tenants and toilets and ruse contractors and all that stuff is really a Hands-On type of investment if there's something that you're looking to get into it's awesome. So how risky are these Investments? I mean they got to you know, they must be fairly large Investments. But how risky are they and what I guess what are the some of the risks that you might run into? You know, it's the same risks associated with buying any type of commercial real estate one of the.

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Biggest one though is that one of the benefits that you deal with 110 as paying all the bills. The bad thing is that you deal with one tenant. So many cases you have to be able to pick really good real estate a really strong 10 a really good market place that has a lot of the real estate fundamentals intrinsically values to make it a good investment. But in there's some cases that kind of catch people off guard that looks like a strong National Regional or investment great tenant that could fall to the.

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Wims, you know like with the pandemic and change a lot of businesses around the country kind of caught everybody off guard. So for most Port that's that's the biggest vulnerability that if a tenant does go out that you actually have a building that's vacant because that was your one and only tenant that you have to replace in order to kind of mitigate that of course again this look at it from a real estate perspective is a good piece of real estate where you can be able to find, you know replacing tenants.

• 11:03 - 11:27 

An interim I seen some cases where Ted moved out that was like, you know, like a some type of other retailer and in the Starbucks moved in and Rich end up being a perfect location for them. So you just have to look at it from now only from it's a good tenant, but you'll still have to look at it from a good piece of real estate. But of course commercial real estate comes at many different risk, right? Okay.

• 11:29 - 11:58 

Well, if somebody wanted to get started, you know, obviously the big piece here is going to be having the financial means to do. So are there some I guess what are the common ways? Somebody can Finance or fun this and if let's say somebody do you have to have a lot of money to make this kind of investment or are there other ways that you can you know, maybe do it with not so much of a upfront investment on your own side? Yeah. There's a lot of different ways. You can find you like said that leaves or even commercial.

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Say General, I mean, of course the type of properties we're dealing with their ranging in the 225 million dollar range on average. And of course that's a lot of money if you want to get either paying cash or get some debt on the property, but for people that's like looking to find of course, there's ways called syndications which I can kind of explain what that is. And of course, like I said coming are private as well to to purchase that with the lender, but for the first one syndication is just simply of the pooling.

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Why of investors together friends family or other like-minded investors to come together on idea to said we're going to purchase a property and you know, and then all invited by into that property and you eyes co-own that that actual asset that's one of the most common for people that don't have to three million dollars hanging around that they can private companies though. And so yeah it is there's many different ways of setting that up and I also have through our investor.

• 12:59 - 13:28 

Who are we kind of think of creative ways where we can also buy into real estate assets as well as and ones that we buy directly as well. Yeah. I know we obviously talked before about this with and we'll talk later about it. I'd like to give our audience a little idea of the you know, the whole tribe best idea and how that's one way they can get into this kind of almost crowd crowd funding, you know commercial real estate, but we'll talk.

• 13:28 - 13:58 

Talk about that a little bit later, but I guess you've you do a lot with 1031 exchanges to right. Yeah majority of you have majority of the business idea with our 1031 exchanges in for people not familiar when you do own a property and you decide to sell it once you sell it the the government gives you some time where you can be able to place your profit and your replacement cash into a.

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The property instead of paying the capital gains. So in essence, you're just deferring the taxes over to the next asset. So from that time the government allows you to have 45 days to identify your next purchase when you when you first close on the property, so that's times where a lot of people contact me and want to be able to look for replacement property usually because they're you know, they're either owned commercial real estate like apartment building an office building where they just kind of.

• 14:28 - 14:58 

Fired up the day-to-day management of the building or they own a piece of land and they're not generating any income anyone to get into a cash flowing investment. And I said with the net least side a typically want to go with something that's hands off. So it's you know work with different investors. Of course, you can do this in all the different asset classes multifamily and self storage and Industrial and office and all different types of things, but it's a really good strategy to be able to defer taxes its kind of keep keep.

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You in cash flow cash flowing your own money. Awesome. You know, I know there's obviously a lot of speculation. This is probably a loaded question right now with everything going on in the markets and covid and everything but and I even wrote A Blog about it a couple months ago something I thought than as an idea. That might be worth pursuing but what do you see for some of the biggest opportunities right now or coming up possibly in.

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The commercial real estate space for investing. Yeah, I've been looking at this really deeply lately as I have a couple speaking engagements coming up to talk about investing in commercial real estate one right now forcing them into the industry of single tenant net leased properties as we've been seeing a lot of the data, especially through the pandemic that you know, some of the businesses that been able to stay open call the central businesses have been.

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A single tenant at least space. For example like Dollar Generals a household name. There are a whole bunch of different markets all throughout the country that we've been that's been open and operating and exceeding sales numbers actually hit record sales for this year, which is amazing a lot of things like pharmacies and and auto parts and home improvement stores, you know fast fast food stores.

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The with drive-thrus, especially that's really been picking up scene because they've been kind of fueling the economy as everyone's been indoors that can't go to go to work. Well, it's not really a big big opportunity multifamily, of course, you know right now with low interest rates and low housing Supply people are looking to rent and things are sort of major improvements there and then cell stores are also some some things some.

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Good things happening there along with industrial. So what the pandemic has exposed that you know, we're more reliant on e-commerce. So now they're looking at industrial warehousing data data centers, as you know, big investment opportunities that's been you know, helping fuel in this country and we're seeing that Trend to continue and right now with commercial real estate. We're seeing a uptick in activity. There's a built-up pent-up demand where people kind of want to go out and spend money. So.

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Right. Now people are starting to slowly inject cash into commercial real estate. So it's I think it's going to be a nice upside heading in towards the future 2021 and Beyond. Well, one of the one of the things that I was talking about in the blog post and you can probably speak to this a little bit better than I can but you know obviously down here in Florida. I've seen a huge influx of people coming from places like New York, you know a lot of the big cities, New York City, California La and.

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Of the things that you know there's been speculation that depends on what side of the fence you fall on but people are going to talking about the residential Market possibly going through some kind of a crash or recession again and especially with all the you know the tenants who are their payments and deferred and mortgages that have been deferred for so long and continue to be so possibly having a lot of short sales and foreclosures.

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Sirs which you know that's going to affect People's Credit they're not gonna be able to get another house to you know after that they're going to have to rent and having a potential shortage of rentals one of the things I know took was kind of a crazed and a little bit of a trend a few years but a few years ago back was turning you know industrial buildings into commercial space or you know rental space I was wondering do you what do you think do you think that's going to happen to some of these City buildings that just.

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You know live vacant and you think that's a good opportunity for people to invest in commercial real estate. You have been hearing about that as well. I also threw my podcast.

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Office investors as well as different ones in different asset classes. I was accent kind of that same question as well because right now with you know, the government kind of putting some stimulus into the economy. Of course, they're doing a deferral. Of course that is seeing long-term. We're not going to sure what the those big effects are. I mean the potential where is going to be a potential crash dear, but the investors that I'm talking to are not exactly.

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Thing that conversion yet into the man is right. Now they're going to see you know, of course the exit is because people are going to be working from home fill up all the marketplaces in the suburbs and of course moving out of kind of these highly density densely populated markets like New York City and New Jersey and to you know, places like Florida or you know, the Carolinas as well, but you know interest rates are still loaded they do predict that defense will continue that route there.

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R % hopefully within will spur some new construction one thing also, we're not heavily built over build as far as commercial real estate. So I was looking at some stats lately with Marcus Miller chapters CBRE that right now we had a really solid foundation before we did the shutdown and the recession was caused by the manual shutdown of the economy and that we had kind of a lot of the elements in place of for strong healthy.

• 20:40 - 21:10 

Economy. So as we transition to the new Administration lot of the the Jose the Democratic runs states are making plans to open their state. Hopefully sooner than later. We're still allow for you know businesses to open up at full capacity are closer to full capacity the help with the the acceptance of the vaccination as it kind of rolls out two more States. So I think once we slowly get more adapted to that.

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And we start to kind of you know, reinvigorate the economy a little bit more. There's going to be definitely some changes as far as kind of transitioning some older out-of-date buildings. I also heard, you know out-of-date, you know shopping malls and Retail centers that really don't have too much value in to you know, pick up locations data locations, you know, I also hear about turning into turning them into self storage and then there's also some.

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Where they'll turn some part office and then some residential but also the case for some of the offices I don't see it's going to be a complete disaster net that at that area because they see a lot of these CEOs are saying that even though a lot of the workers can work from home the efficiency level. They still want to kind of get people back into that office. Yeah train your if you'll not fully maybe some type of hybrid, but you know, you can't really fully have.

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One or working from home. So I think that it takes some time we're going to you know, of course these some more data coming into the future to kind of analyze this kind of hard to predict fully what's going to happen next couple of years, but from lot of the active investors that I talked to on the ground a lot of dated. I'm seeing that that eventually when things start open up the adoptions of the vaccinations that eventually will, you know, kind of get back to where we at some type of limited capacity and hopefully hopefully sooner than later.

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Yeah, I know. Yeah, I think it's you know a funny we obviously talked, you know all the time. But you mentioned the end of the self storage unit places. That's really becoming huge especially down here. I see them popping up all over the place is what's why is that become such a popular Trend in the commercial real estate? Yeah. One thing was so stores. Its they always been doing well in either.

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Good and bad economy, as you know is either really good economy. You have a lot of stuff you got you need a place to store it. No bad economy looking to downsize you're going to need some self storage unit. So they've been doing well in all different Market cycles and we've been also seeing data were a lot of institutional investors are grabbing up self-storage unit. So like recently Blackstone acquired I think simply Simply Save or some simply.

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Or something like that for like 1.2 billion into social level investors just don't buy stuff, you know just be thrown around a billion or something. But I also interview a lot of some sort of as the kind of get the air to the to the to the streets to see what's going on there. And you know, they're just seeing of course the the migration out of these major cities into suburbs. So they're seeing a lot of you know lot of Need for for the.

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Oh storage Investments, so and that's good. But there's also a big component. That's not just you know, me and you that are just renting these spaces out. A lot of businesses uses these spaces to you know, if you're a contractor or a plumber you you own a space where you can be able to hold your supplies. If you're a government like a local government, they use it to you know, store papers and different things. They have climate control, you know things we're doing this tour thing.

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So soulmate many users that you can use it for. So right now is seen a tremendous need for as we kind of see a lot of different shifts, especially as we're going through this recessionary period but yeah so far that's a really good solid investment for people to consider. Yeah. Well speaking of getting into investing. I know we've talked a few times about this this kind of new Venture that you're doing and I think it's a really really cool Venture that to do and a great way for.

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You know beginners to get started in commercial real estate. So tell us a little bit about the tribe vest Venture that you started. Yeah. So we have a local real estate club called Connecticut passed of investors club and it was really built on the idea of getting everyone involved in commercial real estate investing. So it's you know, it's a group of like-minded investors that wants to build Financial Freedom invested too hard assets.

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Um decrease your tax burden preserve capital and create cash flow and lot of times we have new people who never invested into real estate. We have people invest into small small rentals or condos or they're invested in stocks. So we created the club in order to give investors an opportunity to get exposed and to invest into commercial real estate. So we educate our members on the whole world of passive and.

• 26:10 - 26:40 

Vesting what it takes to evaluate an investment. What makes a good investment what makes a bad investment. So we have kind of the that knowledge base and also to turn on mindset from the security mind to this this this mindset of love and abundance. We want to be able to let them know that you can be able to have it all in and provide everything you want for your family. So part of the tribest Venture is all the tribest has actually a platform created by a.

• 26:40 - 27:10 

Travis Scott, I think there are a group on Ohio and it's pretty much a and I love it because it's just like a One-Stop shop where you can be able to combine like-minded investors to pool our Capital together to then create an a goal of investing into in our case passive Investments. So we're looking at multiple niches Apartments self-storage mobile home parks and single tenant net lease, which you have a been kind of I.

• 27:10 - 27:40 

Call my top for Investments. So, you know, we're able to now educate and investors on all different Capital levels, either you have five ten thousand dollars or a million dollars you're able to now combine it what it actually been able to do for me is I'm able to now spread my investments to diversify into multiple asset classes are multiple markets and things like that. So instead of me investing in.

• 27:40 - 28:10 

One deal I can best multiple deals because I had mentioned earlier a syndication lot of the syndications for for some of these deals that were looking at requires a large capital investment on investors parcel a lot of at minimum these about $50,000 since some of our group members some of them have it some of them don't have it so for the spirit of our group want to get everyone involved.

• 28:10 - 28:40 

Into investing at whatever Capital contribution you can use want people to get into the habit of investing in seeing a return and learning through the process instead of just waiting to say I don't have enough or I'm just not going to do anything at all so this allows us to take action agree on grid as a group educate each other and then be able to invest into assets that they normally wouldn't have by themselves I think we had talked about before they can.

• 28:40 - 29:10 

Um it's not really a monthly payment plan but they can set up a plan where they agree to invest a certain amount of money and pay that over the course of a year right so they can start off with a smaller investment you know say $5,000 broken up over 12 months to get them started and that's a good way and then you know you you said that you mentioned the returns before are pretty good right yeah well we're investing in you know the couple niches like I said apartment cell store.

• 29:10 - 29:40 

And mobile homes and Singleton Senate single tenant at least an overall most of them kind of been averaging into the 6 to 10% cash on cash return with an alcohol period at you usually range from three to seven year period so so investors and you had mentioned before you can come in at you know different types of levels is really just the process you get in Taken action to do something with it so it's regards if you have a hundred thousand or thousands and you give me a call say Dwayne I'm actually interested in.

• 29:40 - 30:10 

Thing I want to do something. So if you have a thousand dollars today, you want to say we agree as a group that we're going to have each person do $5,000 will allow you to take time to get there, you know, so if you're working a regular job say it's 350 bucks a month or whatever. That number is that you're contributing which is your cash that you'll be investing into a property. So it's really just kind of setting a goal and making people have the ability to get into something so.

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So yeah, so we kind of set up the different different levels on multiple multiple tribe groups that were continuously funding throughout the course of the year. So why you know, obviously.

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This sounds like a really good investment opportunity. Why would somebody want to invest in something like this versus investing like the stock market or you know investing in residential real estate? Yeah. So for the first one for like residential versus commercial because the reason why we look to invest in commercial because it comes back with multiple benefits one. It's it's a larger asset. So if you put a you know, 5,000 in your owning a you know, 20 million.

• 30:53 - 31:23 

Asset you're going to get a higher return over the course of the time. Then you have the economies of scale. So we're looking at a hundred plus unit apartment if they have two or three people who leave because they don't pay rent and you still at 98 percent plus occupancy compared to own a condo or a duplex or someone leaves. Then you're going to have problems with your cash flow. So from that perspective a number on that rich was one of my biggest.

• 31:23 - 31:53 

It draws was the tax benefit. So me as well as you as investment Brokers. Once we continue to make sales at the end of the year, we have to pay taxes that have the higher tax burden. So my goal is that now if you're investing in passive Investments, you're on a lower tier and in some cases where you be able to pay little to no taxes depending on how hot investment is structured. So that was also a bigger.

• 31:53 - 32:23 

Was this the economies of scale you're investing into large assets the tax benefits and then also it's just, you know, a very safer investment, you know, right now the pandemic make people kind of think and shift focus is that you know, if you're going to invest in this so somewhere you 10 if they lose their job, you know, you won't be able to fill that, you know, or if you're in a market that is just not a strong Mark I'm here in Connecticut is not one of most landlord landlord friendly States.

• 32:24 - 32:53 

That if you do have an issue with tennis going to be you know, take a lot longer to victim and then be able to replace that tenant compared to a strong market like Fort Worth, Texas or Jacksonville, Florida, Orlando Florida where you know this know a lot of jobs and you know, a lot of lot, you know densely populated more people are coming to the state all the time and then you mentioned the stock market, you know, this is just so much fluctuation in the stock market you people want.

• 32:53 - 33:23 

One more certainty and my thought belief is owning physical hard assets that you can you can see and touch my little bit more control over and but again, it's you know, a big thing is of course the taxes people don't realize what w 2 is active income is the highest tax category. There is the second highest tax category is portfolio income bird screeches the stocks and mutual funds and things like that and then the lowest tax.

• 33:23 - 33:53 

X bracket is the passive income. So it's so I rather be on the passive side receive all the tax benefits earned as much cash flow. And then how many of those can I buy is really the question there, right? Yeah, that makes sense. I mean, so it's not so the commercial obviously offers a lot more benefits overall, but besides just getting you know your cash return like you would a regular investment. You're also going to have a lower tax burden so it just makes sense to.

• 33:53 - 34:00 

To do that versus you know something that's intangible like a stock price or some like that exactly I make sense.

• 34:01 - 34:31 

Well for those for those listening who are interested in getting started or at least getting started on educating themselves about the the commercial real estate investing side. Where should they get started? Where should they go? Yeah. So for people who just want to get into commercial real estate kind of do is just talking about here. I put together a free passive investors course where it's just multiple webinars where we just lay out everything because one thing about.

• 34:31 - 35:01 

Our group is that I want everyone to be educated know every little thing about it you don't have to be the one that's going on finding the building and doing all of the work but you should know what you're putting your money into at whatever level it is so it was either thousand dollars five thousand dollars or million dollars you should be fully educated on the things that you investing in so he doesn't feel that you're spending money but you're actually investing it for yourself and you know what's your coming back with it so we have a free.

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Pass investors course as well as I give you an invitation to join our group which we have weekly tried webinars will give updates on our investments and things that were doing and we're just constantly Network went with other like-minded individuals and you can get information that passive investors club.com and for people who want to buy a property directly in the single tenant at least space that you found some interest there or you just want to know more about the image you can go to buy and then properties.com.

• 35:31 - 36:00 

Going to arrange a phone call so we can discuss your goals more Okay, cool. So those websites are all scrolling across the bottom. They have been throughout the entire episode. So definitely check those out also I know, you know, just from you know, obviously us talking over the years. You've also have a couple books on Amazon that specifically cover these topics and you're one of the very few people who have actually covered these Topics in and all of the.

• 36:01 - 36:31 

Commercial real estate space on Amazon in the book. So if you're looking for anything on Triple net lease, you're probably going to see Dwayne's books listed at the very top on Amazon. So definitely go check those out as well. But I really appreciate you being on the show today Dwayne. I know I learned probably just as much as our viewers here despite us talking all the time outside of this, but I really appreciate you being here and at some point.

• 36:31 - 36:41 

Love to have you back on and we can get into a little bit more depth on some of these investment types exact. Yeah, there's so much stuff. You can kind of cover. I'll just try to see which direction to go.

• 36:42 - 37:02 

To so many Niche classes and different nuances or definitely be grateful to have the be back on your shoulder kind of talk about more and and I have some more fun. I really appreciate it. Alright, thank you. Thank you for coming today and we'll see you on the next time where we have this show together. Absolutely. I take care of my friend. All right.

• 37:05 - 37:34 

All right. Thank you all for joining me for today's show on commercial real estate investing that was with Dwayne Clark who is out of Connecticut. He does have a lot of great resources. Definitely check out his websites below streaming on the bottom of the screen and for everybody who's interested in learning a little bit more about either your health and fitness. I know January is a big month for health and fitness kicks. So we're going to have a podcast episode coming up in the next two weeks.

• 37:34 - 37:59 

X that is going to be all about what should you be eating? How should you be training to burn fat build muscle and that will be with Zeke to Renzo right here in Southwest, Florida, and then we also have another guest coming up. We'll be talking about building your credit and repairing your credit that will also be coming up on the show in the next two weeks. Thank you guys for joining me, and I hope you enjoyed the episode. We'll see you next time.